Thursday, January 15, 2015

Resistance 8550. Caution Advised.

Dear All,

>>> Nifty - As Posted on 12th Jan, 2015 <<<

>>> Click the chart to see on full screen <<<
On 12th Jan, 2015 - Posted the possibilities of Nifty moving towards 8484 and 8550. Lets See what happened.

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

>>> Click the chart to see on full screen <<<
A Surprise Rate Cut from RBI - Triggered a 250 Points Rally in Nifty. Almost A-B-C Wave completed as shown on above chart. 8550 should be the key resistance, If crosses above then it may turn the table in favour of Bulls. Friday trade should decide the trend. Cheers!!!