Thursday, June 14, 2012

Bears are Back Again!!!


>>>Click the Chart to Enlarge <<< >>>NIFTY<<<

As I wrote Yesterday - Once the Key Support 5095 broken, Nifty fell down to test the next Support at 5056.

As given on Chart - Nifty has completed 1st Wave and Started a Corrective sw(2). Since 23.6% retrace 5056 was broken today, a fall upto 38.6% upto 5000 can't be ruled out. A gap down opening is also possible for tomorrow.

Today's Performance :-
*****NIFTY-ALERT***** :- Nifty Spot Looks weak below 5095 may slide upto Next Supp Level @ 5056/5000. Resistance 5124-28.

*****NIFTY-UPDATE***** :- Nifty Spot achieved first Target 5056. Small Traders Book Profit, Others HOld for Next Target. Sell given at 5095. Profit 39 X 50 = Rs 1950. Enjoy




>>>Click the Chart to Enlarge <<< >>>>> SBIN <<<<<


Today's Stock Performance :-

*****STOCK-ALERT***** State Bank of India :- Weak Below 2185-80, may slide upto 2140/2110 & 2070. SL 2210-15.

SBI Sell given @ 2185. Cmp:2152. Profit 125X 33 = Rs 825 Hold the Shorts for Target with SL

As per Attached chart SBIN has completed A-B-C wave and started falling. Today our Short Call Performed well. Tomorrow if SBIN Breaks 2140 then a Possible fall upto 2075 not ruled out.

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