Monday, April 20, 2015

Below Trend Line & 8490. Next Support @ 8390

Dear All,

>>> Nifty Hourly Chart <<<

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

All Important supports are getting broken, shows the strength of bear. Final Support @ 8390. Lets see.

>>> Bank Nifty Hourly <<<

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

Lets wait and See how 18000 able to hold Bank Nifty.

>>> MCLEODRUSS <<<

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

We are short in the stock from 260 onwards, today breaks below 250 and hence we are in a unbooked profit of Rs.10,000/-. As shown on above chart, its an complicated abc-x-abc corrective upmove, Completed and started falling now. Hoping for more such fall. Cheers!!!