Monday, May 18, 2015

Next Resistance @ 8420.

Dear All,

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

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On Weekly Review mentioned about both IHS and MA's Break Out - needed for a Rally. See what happened

>>> Nifty Hourly - Happened <<<

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A Clear Break from IHS. MA's on the edge of Cross Over. Price above important Resistance 8320. Next 8420.

>>> ITC - As Posted on 11th May, Weekly Review <<<

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Wrote on 11th May, 2015 Weekly Review - about ITC. Expect Good Rally soon. See what happened.

>>> ITC - Happened <<<

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ITC started moving, made a high of 333.9 today on cash. IHS break out Seen. If able to break the trend line as mentioned on chart, Expect a great rally soon.

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

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Wrote - on Weekly Review to Sell Asian Paints on rise. Caution advised. See what happened.

>>> ASIANPAINTS <<<

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

It was a free fall on the stock today. Stock almost touched 760 and more fall ahead in coming days also. We have short position from 800 and looking for more fall. Cheeers!!!