The Nifty August series becomes current month series from today and as per the chart above Nifty is in pull back mode. Expected support is @ 7535 levels to start with. Overcoming resistance @ 7735 spot price is reversal for fresh longs in August series !!!
Nifty update August series - 12/08/2014:
As expected Nifty has so far managed to get support @ 7540 and moved back to 7735 level today. Sustaining above 7735 is the challenge for market makers for overcoming the all time high level of 7830 on closing basis !!!
