Monday, September 26, 2016

Below 8720 - Possible Test Support @ 8670 & 8610

Dear All,

>>> Nifty Hourly Posted on Weekly Review <<<

>>> click the chart to see on full screen <<<

Wrote on Weekly Review - If price breaks triangle - a Possible Correction may come in. See what happened.

>>> Nifty Hourly Chart - Happened <<<

>>> click the chart to see on full screen <<<

Price got support @ 8720, If breaks - may test next support @ 8670 & 8610. We are holding Short still.

>>> Bank Nifty Hourly Chart - Posted on Weekly Review <<<

>>> click the chart to see on full screen <<<

Wrote on Weekly - We had short and expecting a correction also, See what happened.

>>> Bank Nifty Daily Chart - Profit Booked Today Rs.21600/- <<<

>>> click the chart to see on full screen <<<

Profit booked today near 19600 - with Rs.21600/- Profit, may also test 19400.

>>> AdaniPort - Hourly Chart - Holding Short <<<

>>> click the chart to see on full screen <<<

Price made a triple top and may get a possible support from 265 level - trend line as shown on above chart. RSI must support bulls. Cheers!!!