July 15, 2016

NIFTY weekly + daily charts

Weekly charts
- trend is up on weekly charts
- expect strong resistance around 8650 levels (dotted line)
- weekly close above this can lead to retest of all time highs.

Daily charts
- trend is up on daily charts
- small moves being seen intraday past 2-3 days
- RSI hitting 70 (resistance)
- support 8400-8200

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