Wednesday, December 10, 2014

Relief Rally Possible ???

Dear All,

>>> Nifty - As posted Yesterday <<<

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

Wrote yesterday 8325 as a support. See what happened.

>>> Nifty - Happened and Yet to <<<

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

Made a low @ 8317 and started moving up. Looks like a relief rally possible as shown on chart.

>>> RelInfra <<<

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

We are long since 554. Now if breaks above the wedge - Expect Short Covering and Fresh Buying. Cheers!!!