Tuesday, September 16, 2014

Support @ 7905 & 7860

Dear All,

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

Today's fall was a bit fast and hurting too. The ByPoll Results are not in favour of BJP in UP and Rajastan and Two days FED Meet are the reasons sited for the today's Fall. Our Long also hit Stop Loss at 7950.

Now Lets review what's next. Price closed below 38.2% of Fib Level. Channel support 7905 as shown on chart, if breaks then 7860 should be the next support.

>>> Bank Nifty <<<

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

Bank Nifty Support @ 15830 and 15615.

>>> Tata Steel <<<

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

Tata Steel is a Buy. Lets See. Cheers!!!