Monday, August 10, 2015

Next Support 8495 - If breaks More Fall Ahead

Dear All,

>>> Nifty Hourly Chart <<<

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

Head and Shoulder Valid Still and see how the Selling comes near the Resistance line as we have warned many days to stay caution. We are still in short.
Now a minor channel formed - as shown on chart - should break for further selling. Break below the neck line may trigger a heavy selling pressure. We have warned many many days - and still advising caution.


>>> Bank Nifty HOurly - Posted on 05th Aug, 2015 <<<

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

On 05th Aug, Posted the above chart, wrote clearly - 19000 and the Channel keeps resisting - See what happened today !!!

>>> Bank Nifty Hourly - Happened <<<

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

As expected - Sudden selling happened today - Price still resisted by the trend line as shown on chart. So expect more such selling in coming days also.

>>> LICHSGFIN - As Posted on Weekly Review <<<

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

Wrote on Weekly Review - LIC Housing may fall any time if breaks the trend line - See what happened today !!

>>> LICHSGFIN - Happened <<<

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

Price if continue to hold below the broken trend line as shown on chart - May test the next support line as shown on chart. Cheers!!!