Monday, July 21, 2014

Resistance 7726-7731

Dear All,

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

Seems like bears coming back into the game. First Sign of weakness if Price can't cross the Key Resistance above 7726-7731. Hourly Chart shows some break down on price and RSI. So its time to be cautious. Traders must avoid aggressive Longs and must enter into defensive stocks.

>>> MCLEODRUSS <<<

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

Mcleodruss - Looks bullish. Support @ 277, if holds then good rally possible. We have booked part profit of Rs.5000 today. Just buy on dips - more rally possible. Cheers!!!