Support @ 8080

Dear All,

>>> Nifty - As Updated Yesterday <<<

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Yesterday wrote clearly that 8090-8080 was a good support from the channel given on chart. See what happened.

>>> Nifty - Happened and Yet to <<<

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Price dropped towards the channel and if the support holds, expect a bounce back tomorrow. Yes we are long in Nifty now.

>>> Bank Nifty <<<

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As far as the trend line holds expect a good bounce till the resistance as shown on chart.

>>> Andhra Bank - As posted on weekly Review <<<

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Wrote on last weekly review to Keep averaging the stocks. See what happened today.

>>> Andhra Bank - Happened and Yet to <<<

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Break Out on chart. Now lets wait for a fresh rally and short covering.

>>> IOB <<<

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Clear Break out from the Falling Wedge. We have booked part profit from our long at 63 with a profit of Rs.20,000. One can Buy now for a great rally from here onwards. Cheers!!!