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Thursday, September 04, 2014

Supported @ 8060. Next Resis 8100,8110 & 8124 must cross for Upmove

Dear All,


>>> NIFTY - As Posted Yesterday <<<

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

Above chart was posted Yesterday and mentioned that "its time for correction". See what happened today !

>>> NIFTY - Happened and Yet to <<<

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

As wrote Yesterday Nifty took support @ 8060. So now if able to cross immediate resistance of 8100,8110 and 8124 then may cross above 8143 for further rally. Else if again breaks 8060 then one more correction may set in on the downside to touch 8030 or 8020. Lets See.

>>> BANK NIFTY - As Posted Yesterday <<<

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

After hitting 16141- wrote its time for a correction and mentioned the support, See what happened today !

>>> BANK NIFTY - Happened and Yet to <<<

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

As wrote yesterday, bank nifty touched the third support @ 15950. Now if the small channel as shown on chart, able to break - then upmove to start, Else if breaks again 15950 then another correction to continue. Cheers!!!

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