Wednesday, April 30, 2014

Support @ 6660 & 6630

Dear All,

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

Finally nifty fell down and touched the line as I was writing these for this entire week. Now we have 2 alternatives on the above chart.

First the current move can be defined as an a-b-c-d-e type correction for Sub wave 4. All those are marked on yellow color on chart.

Else we might have completed Wave 1 and 2 as marked with white color numbers.

In either cases Nifty may move up, provided it must hold the support mentioned on chart. 6660, 6630 and 6590 should hold on friday for a good move in coming days. Lets See.

>>> Bank Nifty - As Updated Yesterday <<<

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

Said Yesterday - Bank Nifty should test the channel. See what happened

>>> Happened and Yet to <<<

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

Touched the channel as written yesterday, now expect a good bounce from here.

>>> HDFC Bank <<<

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

Yes we are again Long in HDFC bank - Expect a good Upmove soon. Cheers!!!