Last few days, nothing worked technically. Either break out or neither break down - Price goes in Opposite direction. If a company post a good result, Stock correct & Bad or Worst Results, Price move up nearly 5% to 10%. Its a very tuff days for many traders.
Lot of choppiness and volatile created many sub, micro and mini waves, made it impossible for wave count to predict a day to day move. So Next week Karnataka election Results to decide the next move. Either Cong., BJP or JDS, Either Majority or Hung Assembly in the State, Its again going to be a tuff week.
So far Nifty and Bank Nifty on a Break out Mode, shows some more possible upmove, while many index like Midcap - IT - - Auto - Pharma and Metal on the downside.
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Above 10850-860 may test 10900-920.
>>> Bank Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Watch Resistance @ 26450 & 26720.
