>>> Click the chart to see on full screen <<<
Choppy market today also. Means - directionless ahead of election results. Will it continue till May 15th is a unknown question of the moment.
So as per chart 6702-6703 remains a support of a small triangle like, if holds the support may get tested at 6760. Else may drift on the downside to test 6660 or 6640.
>>> HDFC Bank - As Updated on 30th April 2014 <<<
>>> Click the chart to see on full screen <<<
On 30th April we wrote HDFC is looking for an upmove, Lets see what happened.
>>> Happened and Yet to <<<
>>> Click the chart to see on full screen <<<
Yes we continue to remain long in this counter as per levels given here. Since the bottom channel as shown on chart breaks, Upmove intact.
>>> Wipro - As Updated on 29th April, 2014 <<<
>>> Click the chart to see on full screen <<<
Wrote about wipro that - it may come down before an upmove. See what happened ?
>>> Happened and Yet to <<<
>>> Click the chart to see on full screen <<<
As expected wipro came down and tested the channel line as shown on chart. Now if holds the line then expect a good bounce from here.
>>> IDFC <<<
>>> Click the chart to see on full screen <<<
IDFC - As we have discussed on a weekly reivew - If I'm not wrong - then its a good bet if holds above 107.50. We are long in this counter. Lets See.
