Tuesday, June 30, 2015

Gap Filled - Now Resistance @ 8378 & 8423

Dear All,

>>> Nifty Hourly Chart <<<

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

The current rally may be for wave (b) - today filled the gap left between 8330 and 8378. Today high was exactly 8378. Tomorrow 8378 and 8423 may act as a key resistance. RSI looking for a break out, if happens price may rally. Lets See.

>>> LT Hourly Chart <<<

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

Had a second short entry in LT. RSI still on Bear side. Channel may act as a resistance. Lets See. Cheers!!!