Tuesday, April 21, 2015

Is this a Trend Reversal. Will 8390 Hold for tomorrow ???

Dear All

>>> Nifty Daily Chart <<<

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

Last Support from the channel, If breaks then Nifty to turn bearish and fall to continue.

>>> Nifty Hourly Chart <<<

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

Yes, it looks like 8390 may give a good support. RSI getting support and reversing, Price if able to hold above 8390, we can see a trend reversal tomorrow any time. Lets wait for it.

>>> Bank Nifty Daily <<<

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

A Bullish Dragon Fly doji on the Trend line - may be a trend reversal. Lets see it more on the hourly chart also.

>>> Bank Nifty Hourly <<<

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

18000 or 78.6% golden ration Holding still. Lets wait for more confirmation