Tuesday, January 17, 2017

Resisted @ 8440 > If breaks 8368 - May Test 8340

Dear All,

>>> Nifty Hourly Chart <<<

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

Price resisted @ 8440 and started moving down, If breaks below 8368-70 - May test 8340.

>>> Bank Nifty Hourly Chart <<<

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

Price almost completed it 1-5 rally, hence if breaks below the channel with RSI - Correction may resume any time.

>>> ITC - Daily Chart <<<

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

ITC still bargaining on channel top as "abcde" - break above may trigger rally - else correction. Cheers!!!