Tuesday, November 20, 2012

Yet to Raise

Dear All,
>>>NIFTY<<<
>Click the Chart to see on full screen<

As wrote on Yesterday Post, Nifty touched near first Resistance 5600 and came down and touched Support 5550 (low was 5548) and managed to close at 5571.

If this is a a-b-c corrective upmove for sub wave 4, then should test the second resistance also. Resistance for tomorrow on 5600, 5615 and 5636. Support remains the same at 5550.

>>> BANK NIFTY <<<

>Click the Chart to see on full screen<

Bank Nifty still Holding the Support line suggest a Possible Bounce back still on Card.

>>>ADANI ENT<<<

>Click the Chart to see on full screen<

Adani Ent - If I'm now wrong, stock should keep moving to new high from here. Support 218 on closing basis. Target New High.
Lets See. Cheers!!!