Thursday, February 19, 2015

Resistance @ 8913-8915. Support @ 8766 & 8735

Dear All,

>>> NIFTY - Hourly Chart <<<

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

Looks like an small expanding triangle. If 8913-15 Can't Cross, may test 8766 and 8735 on the downside.

>>> Bank Nifty - Hourly Chart <<<

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

Earlier on the Day - Have alerted our Clients about the possibilities of testing 18876, Exactly test 18876 as given. Later a Buy call was given to our clients, as posted on chart. Buy given near 18990-19000. Price Made a High of 19260 today itself.

If the Resistance 100 Hour Moving Average crosses as shown above, then Expect a good Rally. We had our Longs, will wait till our Targets get achieved.

>>> TATA MOTORS <<<

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

We shorted near 583 and had a Part Booking of Rs.5000. Above chart shows - the corrective upmove ended after filling the gap. Now if the price breaks the channel as shown on chart, then expect a free fall.

>>> Just Dial - As Posted Yesterday <<<

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

Yesterday we have posted the above chart on Just Dial, Mentioned to Buy. See what happened today.

>>> Just Dial - Happened and Yet to <<<

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

As Expected today Just Dial Moved UP even in the negative market, We are holding our Long, Waiting for a good upmove. If the Trend line breaks out - as shown on chart, Expect a good rally. Cheers!!!