Thursday, February 12, 2015

Hurdle @ 8733 & 8795

Dear All,

>>> Nifty - As Posted Yesterday <<<

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

Yesterday - Updated as - if breaks above 8646 - may test 8671 and 8733. See what happened ???

>>> NIFTY - Happened and Yet to <<<

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

Today we have booked 160 Pts on our Long. Now 8733 & 8795 Act as a Stiff Resistance, Unable to cross may trigger sell off.

>>> Bank Nifty - As Posted Yesterday <<<

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

After RSI break out - Have written yesterday to look for a short covering, See what happened.??

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

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

19250 and 19567 must be the key resistance. Lets wait and see.

>>> GRASIM - As Posted on 09th feb, 2015 <<<

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

Earlier we have booked Rs.25000/- On Short call, and mentioned that the price may bounce back as shown on chart. See what happened.

>>> GRASIM - Happened and Yet to <<<

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

As expected or written on 09th Feb Post, Price bounce back till 3931. We have re-entered Grasim short @ higher level again. Lets Wait and see for a good correction. Cheers!!!