nifty for 28-9-15

THE TECHNICALITY · The above is a Nifty Spot daily graph. · Resistances on NIFTY are 7895 / 7934 / 7964. · Support Levels for NIFTY are 7824 / 7804 / 7761. · The `d' leg within the triangular pattern seems yet to be completed followed by the `e' leg (check graph). · Some upside may be witnessed eventually to come down again. · Momentum, Bias & the market control shows clear signs of negativity. · Tentatively another 2 trading days should bring an end to the consolidation. · Good Luck..

THE OUTLOOK · Next 2 trading days should be volatile with panic ups & downs completing the technical triangular pattern. · Forthcoming RBI policy would be another unavoidable reason for Banking & Auto sector extreme price action. · Option trading would be beneficial. · Sector Wise Inverse Movements would be witnessed. · Bull Strategy only in some sector specific stocks. · Happy Trading..