Tuesday, May 19, 2015

Resisted @ 8420. Support @ 8298 & 8258.

Dear All,

>>> Nifty - 5 Mins Chart <<<

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

Today - after nifty fell down from 8420 to 8335, we received a Lot of queries on email and Whatsup, where the nifty is going ???. So here is the answer to all your doubts.
Nifty moving on a 1-5, as per, we are on the 4th sub wave which may test the support @ 8298 or 8258. So expect an upmove again if these supports hold.

We are long since 8060-80 and we advised to Book some 320-340 Points today.

>>> Bank Nifty - 5 Mins Chart <<<

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

Its a Clear Chart - Says Support @ 18270 & 18180. If holds, Bulls may resume upmove once again.

Sub wave (4) in action on the downside. We have intimated profit booking near 18500, We are long since 17600.

>>> STAR <<<

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

Stocks seems to be resisted @ 1020-22. If the above analysis is not wrong, then price might have compelted A-B-C corrective upmove and now it may correct on the downside. Lets wait and see. Cheers!!!