Wednesday, July 16, 2014

Break Out or Bear Trap ?!?!?!

Dear All,

>>> Nifty As Posted Yesterday <<<

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

Wrote Yesterday that we are long from 7460 and waiting for rally, See what happened !

>>> Happened and Yet to <<<

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

Yes we got our First Target at 7600 from 7460. Chart looks like a break out. Should we expect more rally ??. Lets See.

>>> Bank Nifty <<<

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

Yes Bank Nifty also looks like a break out. We are long in many bank stocks this week. So just get ready to enjoy more rally.

>>> Bank India - As Posted Yesterday <<<

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

Wrote Yesterday more rally coming on Bank of India. See what happened ???

>>> Happened <<<

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

Bank of India Rallied from 267 to 285 above the second target with a Profit of Rs.19000.

>>> Andhra Bank - As Posted Yesterday<<<

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

Yesterday - Wrote clearly - Andhra Bank completed Wave C and get ready for a pull back rally from here. See what happened today.

>>> Happened and Yet to <<<

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

We booked Part Profit for Rs.12000. So wait for more rally to come in.

>>> M&MFin <<<

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

M&MFin gave us Rs.10,000 Profit today. More rally coming !

>>> IDBI <<<

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

Yes again a Part Profit of Rs.8000. So wait for more upmove. Cheers!!!