Tuesday, December 30, 2014

Above 8282 - Bulls to Gain Strength

Dear All,

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

Today's consolidation and a late upmove on chart suggest Bulls are ready for next leg of rally. Price closed above 50 & 100 HMA, looks like bulls have a safe foot for next run up. So 8282 should give a start up to bulls rally. Don't remain short above 8282. We are long in Nifty for a good rally.

>>> Bank Nifty <<<

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

An IHS visible on Hourly Chart. A Minor Channel Break out also visible as shown on above chart. Now Price must break above 18675 and 18735 for a healthy Rally. We are long in Bank stocks. Lets hope for a good Bank Index and Bank Stocks rally very soon. Cheers!!!