Monday, May 11, 2015

Resistance 8320 & 8420

Dear All,

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

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

Mentioned 50 HMA as an important resistance to gain more strength.

>>> Nifty Hourly - Happened <<<

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

Price above 50 & 100 HMA. RSI on a Clear Break out. Price if trades above 8320, Next move till 8420.


>>> Bank Nifty - Posted on Weekly Review <<<

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

Mentioned clearly that Bank Nifty may bounce from here, as the Fall gets completed as w-x-y. See what happened.

>>> Bank Nifty - Happened <<<

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

Price made a break through above 18110 and hold long for a next move till 18645. Cheers!!!