Monday, December 29, 2014

Support @ 8216 & 8200

Dear All,

>>> Nifty - As Posted on Last Weekly Review <<<

>>> Click the chart to see on full screen <<<
Above chart was given on our Last weekly review. As per, 50% retrace was a good support along with 50 hma. Lets See what happened today.

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

>>> Click the chart to see on full screen <<<
Nifty bounced, though resisted at 8281. So if unable to cross 8281 then possibly may move as a-b-c to fill the gap left near 8000 level on the lower end. Else a cross above 8281 may trigger a fresh short covering on the upper side. Lets wait and see.

>>> RELINFRA <<<

>>> Click the chart to see on full screen <<<
We are long since 505 and made a part booking at 515 with Rs.5000 Profit. Still remain bullish for more upside. If the trend line as shown on chart breaks, then rally to continue. Lets Wait and See. Cheers!!!