Monday, January 20, 2014

Still a Sell on Rise - Resistance 6306,6323 & 6335

Dear All,

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

Given above is a 5 mins chart. Since the movements are becoming very complicated and volatile - its necessary for us to give a clear picture and using the 5 mins chart.

Today upmove shall be an a-b-c and hence the resistance 6306 if crossed, then we may see 6323 and 6335 - which i feel once again as a sell on rise.

>>> Indusindbk - Missed Call <<<

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

Our Short hit SL with a loss of Rs.8000. Earlier advised to book part profit for small traders are 420 for a profit of Rs.5000. So its a Missed Call.