Monday, May 12, 2014

Resistance @ 7083-90

Dear All,

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Massive run on Nifty and entire market on bulls grip. So where is the next resistance is the million dollar question in many traders mind. In a bull market like this - its very difficult to find out the Resistance - as bull run are taken by an important event like Election 2014.

Above chart shows a possible resistance @ 7083-90. An exit poll to be announced today evening may impact the market tomorrow. So Lets get ready for some interesting actions in the rest of the week.

>>> Bank of India <<<

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Bank India - We booked 9000 on first Target. As per chart if hold the channel top then more upmove may come.

>>> Voltas <<<

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Yes we Stopped out on Voltas, May re-enter tomorrow - if situation permits.

>>> INFY <<<

>>> Click the chart to see on full screen <<<
Clear Break out INFY - Daily Chart - Just buy for a Good Upmove. We are long in this counter also. Cheers!!!