Nifty levels for August 19 2015

Important Nifty Index levels for closing session on 19th August 2015

Upper levels - 8535
A break above this level will help the market run

Lower levels - 8490, 8420
Nifty will collapse below these levels

Editor

Nifty in corrective mode, to turn up once the MACD curve turns up

Nifty and Sensex are currently in corrective mode. The main reason is that MACD had turned down. Also, there were gaps around 18000-18300 area. The Indexes are currently trying to fill those gaps.

Markets will be dull for a while and will turn up first and then give a buy. This is likely to happen during Diwali.

Nifty to resume uptrend after Stochastics goes into buy

Nifty is currently correcting and filling the gap that was formed a couple of weeks back. It will resume sharp uptrend after Stochastics gives a Buy signal. MACD is placed in the positive territory even now. A Buy signal will be a good boost at this point.

Chart courtesy: Yahoo Finance