market remain up for last 15 days above green line 500 ma noe at 9120 see chart
next supports are at 8350 8550 8850 ie 50/200/500 dma
bounce in dollar from 64.80 will indicate beginning of fall.
with less rollover and falling open interest from 3.5 to 2.5 cr indicate bull exiting at top and bear build current short position
technical chart at economictimes of nifty on hourly range bar give supports see chart
strong and weak stocks are getting equal
strong future Stocks 32 / other 205 /1800
NHPC PTC CASTROLIND IOC MUTHOOTFIN
SHREECEM IBREALEST TATACHEM DALMIABHA
YESBANK HINDUNILVR MARICO BANKNIFTY
HDFC BEML ADANIENT FEDERALBNK ORIENTBANK
ANDHRABANK ZEEL SINTEX TATAGLOBAL
CEATLTD EXIDEIND GRANULES CAIRN
HCLTECH SUZLON LT SSLT PATNI UNIONBANK
weak future Stocks 9 / other 204 / 1800
GLENMARK KPIT IDFCBANK ASHOKLEY
COREPROTEC APOLLOHOSP STAR
NAGARFERT AUROPHARMA
NHPC PTC CASTROLIND IOC MUTHOOTFIN
SHREECEM IBREALEST TATACHEM DALMIABHA
YESBANK HINDUNILVR MARICO BANKNIFTY
HDFC BEML ADANIENT FEDERALBNK ORIENTBANK
ANDHRABANK ZEEL SINTEX TATAGLOBAL
CEATLTD EXIDEIND GRANULES CAIRN
HCLTECH SUZLON LT SSLT PATNI UNIONBANK
weak future Stocks 9 / other 204 / 1800
GLENMARK KPIT IDFCBANK ASHOKLEY
COREPROTEC APOLLOHOSP STAR
NAGARFERT AUROPHARMA
Indian Markets: As per my WD Gann Analysis and Study of Time Cycles, Indian indexes Nifty and Sensex will also fall, however the severity will not like be Australian All Ordinaries Index. Indian Indexes might also bear the brunt of global melt down and could fall till 20 April 2017. Falling from 9210 to 8800, will be only 400 points correction or 4.5% correction as compared to Australian Index as I feel that Indian Nifty should outperform Australian Index.
- Support: 8792 to 8833 is the support zone for Nifty
- Time Target: Fall shall continue atleast till 20 April
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