Nifty futures on the daily charts continues it positive sentiment with one timeframing visible on the daily timeframe. However trading range was tighter due to the prevailing low volatility despite increasing global tensions. In the near term 9830 continues to be the short term support. Price acceptance below 9830 will change the current sentiment to negative.
Bank nifty closed the week on positive note after making intraday high of 15745 bank nifty closed the week at 15828.30. Now week starting from 25 August 2014, Monday 15695 is the support for bank nifty. If market is unable to sustain below this level and cross 15775 expect a rally for 16000 and higher in coming sessions.