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Tuesday, December 09, 2014

Broken 8430. Next Support @ 8325 & 8280.

Dear All,

>>> Nifty - As Posted Yesterday <<<

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

Said Yesterday - 8430 Support - See what happened.

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

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

Almost a 100 points fall once 8430 breaks. Now 8325 or 8280 Should support Bulls. Lets wait and see.

>>> Ashok Leyland - As Posted on Last Weekly Review <<<

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

Yes, We are short from 55 level. See what happened today.

>>> Ashok Leyland - Happened <<<

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

First Target met @ 50 with a Profit of Rs.55000.

>>> BIOCON - As Posted on Last Weekly Review <<<

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

Wrote - Biocon facing resistance @ 475 and completed wave B for a fall. See what happened today.

>>> BIOCON - Happened <<<

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

Low made 447.6 almost near the first target.

>>> ALBK - As Posted Yesterday <<<

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

Wrote yesterday - Both Price and RSI broken and may fall. See what happened.

>>> ALBK - Happened <<<

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

Made a partial Booking for Rs.10,000. Now the Support as given on chart if Holds, then some bounce possible.

>>> ICICI Bank - As posted on Last Weekly Review <<<

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

Wrote ICICI Bank should hold the two support line as given on chart.

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

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

We shorted @ 360 and made a part booking @ 350 or Rs.12500/-. As per above chart - 2 month old trend line broken - looks like the trend turning towards bear. Cheers!!!

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