07082014

Nf was GAP DOWN.....Open 7679.80..Low..7670.o5

1st trade...BOF of PDL...@7679...

Profit Booked @ 7708...7709 is PIVOT...

2nd trade....BOF of BRN followed by PDC...7696....sl..7704..1 point above BOF of PDC bar high

Nifty....S....6085/6055/6027....R.....6100/6115/6140

Nifty is overslod, but at the same time last week as well as last day of the last month close suggest technically negative on those larger time frame.If it is turning positive on oversold basis it has to turn positive on DAILY basis by closing above 6125 at least. Holding earlier low 6027 is also positive sign.

Happy Neww Year