NIFTY OUTLOOK FOR 23/07/2015

BULLS ARE BOUNCING FROM 8500 LEVELS,
NIFTY CLOSES AT 8633,
MORE GREEN EXPECTED ABOVE 8644,
WE AVOID LONGS DUE TO LOW MOMENTUM,

NOW 8511-8488 SEEMS GOOD SUPPORT,
BEARS ARE WAITING BELOW 8488,
BULLS HAVE TO DEFEND 8488 ON CLOSING BASIS,

ABOVE 8644 BULLS CAN MOVE TOWARDS 9038,
8711-33 IS THE NEXT IMPORTANT RESISTANCE,
8800 IS THE WEEKLY TARGET FOR BULLS,

AS POSTED HERE,
GURU SHIFTED IN TO THE SIMMAM HOME,
GURU WILL SAIL IN SIMMAM HOME UP TO 21/12/2015,
ON 22/12/2015 GURU WILL SHIFT IN TO KANYA HOME,
IN 5.5 MONTHS GURU WILL PASS OVER SIMMAM HOME,
NORMALLY IT WILL TAKE ONE YEAR,

THIS EXPRESS MOVE WILL BRING FAST GREEN TO EQUITY
MARKETS, NIFTY WILL SET RECORD HIGH BEFORE 21/12/2015,
BANK NIFTY WILL CONTRIBUTE MORE AND MORE,
AVOID SHORTING NIFTY AND BANK NIFTY UP TO 21/12/2015,

THE FOLLOWING DOUBLE BOTTOM
PATTERN IS VALID NOW,
THE LOW OF NIFTY ON 07/05/2015 WAS 8057,
THE HIGH OF NIFTY ON 22/05/2015 WAS 8489,
AGAIN NIFTY MADE A LOW OF 7940 ON 15/06/2015,
THIS IS FORMING DOUBLE BOTTOM PATTERN IN DAILY CHART,
SO ABOVE 8489 BULLS CAN TARGET 9038,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8577,
ABOVE 8622 BULLS CAN TARGET 8711 AND 8800,
BELOW 8533 BEARS CAN TARGET 8355 AND 8266,