Wednesday, December 21, 2016

Lets Wait and Watch 8030

Dear All,

>>> Nifty Hourly Chart <<<

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

Its a painful December so far - Either Side Traders have lost their money - Lot of confusions and Daily Changing Policies of RBI - Panic Statement of some Economist on TV Channel - almost made the Entire trading community to slip till the edge of Chaos. So far no light at this tunnel.

Its a Duty of an Analyst to clarify atleast to some extend by his chart to show how and where the market is hedging. So tried a bit to clarify to our reader - as per above given Chart. So tomorrow - If 8030 holds at the end of the day - Lets expect a pull back soon. Cheers!!!