Thursday, September 11, 2014

Resistance @ 8118 & 8133. Support @ 8050 & 8020

Dear All,

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

Earlier on the day we booked almost 50 point - that we have taken long @ 8080 Yesterday. Now Nifty broken the small channel as shown on chart above. Hence a pull back till 8118 or 8133 can be used to exit long. Possible downside supports are 8050 and 8020. We suggest to Buy on dips.

>>> Bank Nifty <<<

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Channel Support on Bank Nifty - is a clear sign of support for Bulls. No Worries.

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

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Wrote Yesterday - Andhra Bank is a clear Break out and buy Buy and buy for a Rally. See what happened.

>>> Andhra Bank - Happened and Yet to <<<

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After Yesterday's break out - today We had an excellent Rally with one more break out. Buy more if the last channel resistance also breaks tomorrow.

>>> IOB - As Posted Yesterday <<<

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Wrote Yesterday IOB as a Break Out from a Falling Wedge... See what happened today.

>>> IOB - Happened and Yet to <<<

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Yes we Booked @ first Target with a Profit of Rs.28000.

>>> Syndicate Bank - As Updated on 09th Sep, 2014 <<<

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Wrote on 09th Sep, 2014 - We are Long on Syndicate Bank - Said that a Fresh Buying and short covering possible if breaks the upper channel - See what happened today.

>>> Syndicate Bank - Happened and Yet to <<<

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Its a Jackpot of Rs.40,000 in a single call. Syndicate Bank rallied from 115 to 125 and gave us Rs.40,000. Chart says every thing. No more words to say.

>>> BHEL <<<

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Yes We are long in BHEL. Made Rs.5000 on Part Profit also. Now one can Buy Buy and Buy again - Good Rally and Short covering coming. Cheers!!!