MY NIFTY AND BANKNIFTY CHARTS AS ON 12th AUG

Should nifty take a support of neckline 8325 level ...atleast parameters are not showing that...but atleast it should take halt than there will be pause and parameters will also change accordingly

as of now 8325 in bank nifty and 17789 in bank nifty seems to be solid level.......Trendline is showing correct picture

Updates on Nifty as on 8th August 2015

As updated in my previous post dated 4th August ""Bulls aretargetting 8589 and 8644 level...further 8725-8744-8789 and 8844 level" nifty went to 8450 level on RBI policy date where in the moves are very difficult to predict on that day...nifty bounced from our retrachement level 8469 and went upto 8533 levels and closed at 8520 level
Further on next day it went to 8611 and from three days it is not able to cross trendline zone 8589
Yesterday we sugested strong reversal zone 8589 based on my Modified SAR LEvel

Whereas actual SAR is still 8470 level..so people will wait for 8470 level whereas my Modified SAR will give me 120 point till that level....but..as per my modified SAR if nifty reverse from 8589 level then the position to be reversed as of now weekly closing value is 8564 so modified SAR gave 25 points....only trading above 8589 my modified SAR will say to me that close short and go long for 8644 level

Nifty was struggling to go above 8589 level.

NExt week if nifty opens around 8552 level high should be 8570 level and the lower level i am expecting around 8512 which should be first support.
Immediate support is 8489 below that nifty an test even 8460-8444-8421 level to Fill the gap left on 1st Aug.

On the Bull side if nift opens around 8552 and takes support of 8544 and crosses 8566-and 8589 convincingly then upper targets are 8644-8660 which need to be watched on closing basis.

IMPORTANT>>>DOW GAVE CLOSE BELOW 17400 Level Which is very important level...so might be nifty will have some pressure on monday.

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Do share your views and comments for improvement
Will Publish the chart in this view itself

Nifty should have solid support at 8469 zone which is strong demand zone as of now

Nifty should have solid support at 8469 zone which is strong demand zone as of now
An unfilled Gap of 8421-8444 zone will keep the bears hope alive whereas Bulls aretargetting 8589 and 8644 level...further 8725-8744-8789 and 8844 level
Punters playing their game and will make sure that bears will get trapped this time also ...since there is no rate cut..there is strong possiblity that they play against the sentiments and take nifty to higher level
However the worrying factor is PE level 24 for nifty and it seems big money is taking every oportunity to offload their equity to retailers and a day will come when certain news will come wherein a big red candle can come ..and people will start dreaming again of 8000 level.

LEts wait for clear signal for BEARS.