>>> MODI WAVE OR BEAR TRAP <<<
So Indian Markets moved up after exit polls projected a strong showing by the BJP. Market to react sharply On the Opening Bell on Monday, once the results are declared on Sunday.
Analyst expect 100 - 150 Points rally if the results came out as expected. But charts should be viewed with a third eye. Lets see whats Chart says ...
>>> NIFTY - BEARISH OUTLOOK <<<
>>> Click the chart to see on full screen <<<
Any surprise from Election results may trigger a sell off on the downside. As Nifty is over Bot and all predictions are in favour of bulls, any surprise or un-expected outcome on the results may trigger a heavy Sell off on nifty.
>>> NIFTY - BULLISH OUT LOOK <<<
>>> Click the chart to see on full screen <<<
So no wonder if BJP makes a sweeping victory on results. Nifty should make a 100 to 150 Pts gap up on the opening. So it must be a third wave upmove and should trigger a lot of short covering too. Lets See.
>>> BANK NIFTY - DAILY <<<
>>> Click the chart to see on full screen <<<
Bank Nifty facing key resistance from previous high 11812 if crossed may see 12334. So far the move looks like a corrective upmove Wave B. Cross above Fib level 78.6% should change the scenario. Lets wait and see.
>>> SBIN <<<
>>> Click the chart to see on full screen <<<
Explanations on chart.
>>> Block buster Chart <<<
>>> BHARTI AIRTEL <<<
>>> Click the chart to see on full screen <<<
>>> CIPLA <<<
>>> Click the chart to see on full screen <<<
>>> MISSED CALLS <<<
>>> ONGC <<<
>>> Click the chart to see on full screen <<<
>>> AXIS BANK <<<
>>> Click the chart to see on full screen <<<
>>> PERFORMANCE <<<
>>> Click the image to see on full screen <<<
