THE TECHNICALITY & THE OUTLOOK 8-10-15

THE TECHNICALITY · The above is a Nifty Spot Daily graph. · Resistances on NIFTY are 8189 / 8225 / 8249. · Support Levels for NIFTY are 8134 / 8097 / 8035. · Leg 'b' of larger triangle seems to have achieved the desired levels. · Leg 'c' of decline should commence any time soon (Mostly Today). · Good Luck..

THE OUTLOOK · A volatile day was witnessed yesterday with an upward bias towards the end of the trading session. · Focus on higher levels as a short sell opportunity. A BIG NO to any bull strategy. · Stock specific trading is recommended. · Happy Trading..