Some clues from Nifty and Nifty Options charts that I tweeted earlier today:
8200 CE:
10-12 on 8200 ce very crucial on June 8200 CE; if that holds, it can see 50 - 80 or higher
July 8300 ce gives a similar pattern; as long as 20 holds, Nifty is bullish
Nifty has broken the trendline from the 6825 low, however, Sensex hasn't (closed abv)
Nifty took support on a previous resistance band near7900-7950 in spite of panic (also the IHS breakout level)
However, on the upper side, 8300- 8350 might act as a resistance again
On the bearish side, similarity between Aug'15 and now is also scary; this will be known at 9.15 am on Monday though
The Nifty monthly chart says, whats all this fuss about ?
