outlook 9-12-15

Resistances on NIFTY are 7744 / 7771 / 7825. · Support Levels for NIFTY are 7685 / 7661 / 7639. · There could be a change in the pattern formation of the ongoing 2nd corrective but it remains to be seen till the weekends. ·  · Stay less aggressive for the time. · Good Luck..

THE OUTLOOK · Yesterday we witnessed a panic sell off in the last trading hour which reasons to be mostly on the basis of global cues. · Global cues would reason for a highly volatile atmosphere for this week. The best strategy should be seeking for every lower level as a buying opportunity. · Conditions are oversold & a pullback seems to be on the cards. Positional strategy in Index is not recommended. · Concentrate on Stock Specific Trading on a daily basis for the rest of the week. · Happy Trading..