Monday, May 04, 2015

Key Resistance 8346 & 8362 - Above Rally to Continue

Dear All,

>>> Nifty Hourly Chart - As Posted on Weekly Review <<<

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

Wrote on weekly review - that the fall to continue if breaks below 8146, But nifty made a gap up today and rallied heavily, So lets see whats next. We have two alternatives left now. Lets See.

>>> Alternative - 1 <<<

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

As per first alternative, if 8362 unable to cross then, price may fall down for the last leg.

>>> Alternative -2 <<<

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

This count in valid only if 8362 crosses. Cheers!!!