Monday, January 13, 2014

Resistance 6188 & 6323

Dear All,

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

After last week - Friday's sudden fall - today's upmove surprised every one. Its wave B upmove - making an a-b-c correction. Now as per chart given above - I guess 6288,6310 and 6323 are the key resistance. Wave b should complete here and then should fall for Wave c. Downside target should be 6100 and 6050.

>>> ARVIND <<<

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

After a Part Profit in Arvind - Hit SL at 152. Closed the trade with Loss.