Wednesday, June 03, 2015

Are You Still Bearish ???

Dear All,

>>> Nifty Hourly Chart - Posted Yesterday <<<

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

Yesterday - Wrote clearly - More fall likely on Nifty - See what happened today.

>>> Nifty Hourly Chart - Happened today <<<

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

As expected Nifty tested the 2nd Support @ 8102. The current fall is for wave C, which is almost 161.8% of Wave a. If this analysis is not wrong, and if 8102 support holds, expect a good rally from here. Yes, We have entered long here.

>>> Bank Nifty Hourly - Posted Yesterday <<<

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

Wrote on Bank Nifty also, Yesterday - More fall likely to fill the gap left on the downside. See what happened today.

>>> Bank Nifty Hourly - happened <<<

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

Bank Nifty tested 17600 or tested the Break out Channel as shown on Chart. But the gap is yet to be filled. But if the support @ 17600 holds then Look for a rally, We have no Position Yet in BN.

>>> BATAINDIA <<<

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

We are Long in Bata India from 1010, Expecting a good rally above the wedge. Cheers!!!