Tuesday, July 21, 2015

Support 8561 Broken - But still Hope is there !!!

Dear All,

>>> Nifty Hourly Chart <<<

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

Nifty - not moving up as expected. Resistance 8680 still not yet reached. Channel remains a good support, unless it breaks - Price may try to reach 8680 again. Lets See.

>>> GLENMARK- As posted Yesterday <<<

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

Wrote yesterday - If price unable to cross the channel - may correct heavily. See what happened.

>>> GLENMARK - Happened <<<

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

As expected - Price unable to cross the channel resistance, started correcting heavily. We made some part profit of Rs.11750. Expecting more such correction towards our target.

>>> SIEMENS - As Posted Yesterday <<<

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

Wrote yesterday - Price may correct - unless price able to cross the channel as shown above.

>>> SIEMENS - Happened <<<

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

As expected Price fell down - we made a good profit of Rs.10,000/-

>>> DISHTV <<<

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

We Shorted @ 117 and made Rs.12000 Profit on Intraday itself. As mentioned on chart 119 act as a key resistance. Unable to cross may trigger more such correction. Cheers!!!