Bears are Back !!!

Dear All,

Gave Yesterday :-

>Click the Chart to see on full screen<

Yesterday wrote about channel Resistance

Happened and Yet to :-

>Click the Chart to see on full screen<

Today Nifty returned back before touching the Upper Resistance Line, Seems to be falling down towards the lower end of the channel.

Support :- 5990 5970 and 5940

Resistance :- 6020 and 6040

>Reliance Infra <

>Click the Chart to see on full screen<

Reliance Infra looks weak if breaks and trades below 532 may fall badly.

We had a sell on this stock and made profit as follows

Sent on Jan 16, 2013 09:23:54 AM ****N4A-STOCK-ALERT**** Sell RELINFRA below 552. SL above 557. Target 545 and 535 (all spot lvl) http://niftyforall.blogpsot.in

3:06:07 PM ****N4A-STOCK-UPDATE**** RELINFRA NEAR FINAL TARGET 535. BOOK 500 x 17=8500/- ENJOY


>PANTALOON RETAIL<

>Click the Chart to see on full screen<

Pantaloon Retail broken down the Head and Shoulder and gave us a Big Profit Today.

See the Performance as follows

11:21:36 AM ****N4A-STOCK-ALERT**** Sell PANTALOONR below 252. SL 258. Target 245 and 240 (all spot lvl)

3:20:20 PM ****N4A-STOCK-UPDATE****PANTALOON 242. SELL GIVEN AT252. PROFIT 2000x10=RS.20000/- BOOK PROFIT

Lets See!!! Cheeers!!!