NIFTY & BANK NIFTY returned from Bearish Shark PRZ AREA
Jul 8, 2015
NIFTY intra charts had bearish shark, though it exceed slightly PRZ area, but reversed back in the PRZ area, and started falling.
It now seems that nifty intra charts are forming bullish shark , prz of which are at .[8240-8150]
Any close below this PRZ area [8240-8150], would call for revisiting bullish scenario on the Index
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Bank nifty intra charts too had similar chart pattern( Bearish Shark & Bearish Crab completing at same levels)
Banknifty too reversed from PRZ AREA.
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