Monday, March 16, 2015

Support @ 8612 & 8592

Dear All,

>>> Nifty Hourly Chart <<<

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

Channel Support if Holds, Expect a recovery. 8612 or 8590 Act as a good support.

>>> Bank Nifty - Hourly Chart <<<

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

Looks like an Expanding Triangle. RSI on Clear Break Out. So all together - Get ready if the wedge breaks out on Price, Short Covering and Rally.

>>> DRREDDY - As Posted on 10th March, 2015 <<<

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

Wrote on 10th march to Sell DrReddy. See what happened ?

>>> DRREDDY - Happened <<<

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

We shorted @ 3468 and today made a low of 3301. Profit so far Rs.21000.

>>> COLPAL - As Posted on Weekly Review <<<

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

Wrote on weekly review - Stock completed its rally as 1-5. See what happened ?

>>> COLPAL - Happened and Yet to <<<

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

Made a Small Profit of Rs.8750 or 70 Points fall from 2105. Expect more fall. Sell on rise. Cheers!!!