Thursday, January 08, 2015

Relief Rally ??? Resistance @ 8255 & 8300

Dear All,

>>> Nifty Hourly - As Posted Yesterday <<<

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

Wrote yesterday - Price can move till 8255, See what happened.

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

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

As expected Nifty bounced towards 8255. If able to cross 8255 then may test 8300 and 8364 to fill the gap left on the upper side as shown on the chart. Lets Wait and See.

>>> BHEL <<<

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

Bhel looks bearish and its a good opportunity to sell on rise. We are in short and looking for a good fall.