7 Oct Tech View

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Nifty 7945
After flat opening Nifty has remained in a range bound movement throughout the day and finally ended with “DOJI” an uncertain candlestick pattern on daily chart. Daily as well as hourly momentum indicators are generating minor bearish reading on chart. Nifty intraday support placed at 7922 – 7895 levels and resistance placed at 7966 – 7988 levels.

Bank Nifty 15316
After flat opening Bank Nifty has remained in a box range and finally ended with “Small Black Candle” a minor bearish reading at this juncture on daily chart. Daily as well as hourly momentum indicators are reading bearish on chart. Bank Nifty intraday support placed at 15250 – 15200 levels and resistance placed at 15370 – 15425 levels.

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