Monday, July 08, 2013

IHS in Progress ???

Dear All,

>Click the chart to see on full screen<

Nifty seems like forming an IHS firmly, as today it got the base line support as shown on chart. If this base line not broken it may bounce towards the IHS Break out on the neck line. Else if gets broken means, may drift towards the gap left below. Lets See.

>>> Bank Nifty <<<

>Click the chart to see on full screen<

Bank Nifty got its best Support at its golden ration 78.6%. Its seems like bouncing back to fill atleast for filling the two gaps left above. Lets See.