Tuesday, March 10, 2015

Just a Relief Rally - Resistance 8744, 8785 & 8818

Dear All,

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

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

Wrote Yesterday - More downside possible. Lets see whats next ?

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

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

Current fall looks like 1-5. Hence the 3 wave completed near 8680 and a corrective upmove should happen as a relief rally. Now 8744,8785 and 8818 may act as a resistance. So the pattern looks still as a sell on rise.

>>> DRREDDY <<<

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

Just Sell on Every Rise. More fall Likely. Cheers!!!