Monday, October 07, 2013

Support 5826 - Resistance 5974

Dear All,

>>> Click the chart to see on full screen <<<

It seems once again once again nifty enter into volatile trade. So again two alternative given here.

First alternative shows Resistance at 5922, if unable to cross may see a sharp correction below Support level 5826. The move shall be A-B-C.

Second alternative, if able to cross above 5922 and 5950 may see upmove till 5974 and 6048. The move shall be 1-5.

>>> LT - As given on 03rd Oct, 2013<<<

>>> Click the chart to see on full screen <<<

Wrote on 03rd Oct, 830 to act as a good resistance.

>>> Happened and Yet to <<<

>>> Click the chart to see on full screen <<<

Booked near First Target 800. More downside left if Resistance 830 is not taken out. Lets See

>>> BPCL <<<

>>> Click the chart to see on full screen <<<

Yes, Holding Short on BPCL. Lets See.