Wednesday, May 20, 2015

Resistance @ 8440-45. Support @ 8400.

Dear All,

>>> Nifty 5 Mins Chart <<<

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

Short term move on nifty looks cloudy. Seems like if price unable to cross above 8440-45 and if breaks below 8400, we may see some correction before a bounce towards 8520.

>>> STAR - As Posted Yesterday <<<

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

Wrote Yesterday, STAR facing a resistance @ 1120-22. See what happened.

>>> STAR - Happened <<<

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

Price made a low of 1086 from 1120. More fall likely. Lets wait and see. Cheers!!!