Wednesday, January 14, 2015

Cat on a Wall ????

Dear All,

>>> Nifty - Daily Chart <<<

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

Almost a cat on the wall. RSI on the edge of break out. Price below 50dma. So one must wait for the cat to decide.

>>> Nifty - Hourly Chart <<<

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

So far bulls are holding safely. Nifty Supp @ 8245, 8211, 8176 & 8127. Below 8065 Nifty may continue its fall badly. Instead if Price able to break above 8356 or 8364 - Bulls may swing with full strength. Should cover all your shorts. So lets Wait and See.

>>> INDUSINDBK - As Posted Yesterday <<<

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

Wrote Yesterday to sell Indus Ind bank. See what happened.

>>> INDUSINDBK - Happened and Yet to <<<

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

Almost made a low of 811. We had a Part Profit for Rs.10K also. Now if breaks below 810, expect a good fall again. Cheers!!!