Monday, May 14, 2012

Wait for Relief Rally !!!

Nifty making a more choppy waves inside a contracting channel with +ve Divergence shows a Bounce back any time. Also an Important Gap left as on 17th Jan, 2012 at 4880 has been filled today seems to be increasing the hope for a Bounce very soon. Important Resistance at 4923 and 4950-55 should be crossed tomorrow for any further up move. Let see!!!

(5/11/2012 3:04:52 PM):*****NIFTY - ALERT***** BUY AGAIN NIFTY NEAR 4930 WITH A SL OF 4920. TARGET 4960 & 4990. CMP: 4932
Made a High of 4956 - Near First Target - Partial Profit Booked.

(5/14/2012 12:06:35 PM): Update:- Can Bank did not trigger Our Buy Price.
Axis Bank Hit SL at 1000. Exit.
Nifty Hit first Target & Hit SL. Exit
IVRCL SL Hit Exit.
BHEL Exit.
Bank Nifty Exit.