Thursday, November 22, 2012

Now CAT on the WALL

Dear All,

>>NIFTY<<
>Click the Chart to see on Full screen<

Yes, it seems like a Cat on the Wall again. Though second resistance 5636 also reached today, unable to cross and hold doubts the benefit to Bear.

Tomorrow if unable to cross again 5636 and if breaks below 5603 support can invite sell off.

If crosses 5636 with volume can move to 5663 on the upper side.

>>BANK NIFTY<<

>Click the Chart to see on Full screen<

Again Bank Nifty's Several attempt to cross 11542 did not succeed today, if unable to cross may invite sell off with more volatile.

Above 11542 may move to 11620.