>>> Nifty Daily Chart <<<
>>> click the chart to see on full screen <<<
Broken Head and Shoulder on Daily Chart. Rally for last 3 days happened as a Pull Back and may reverse any time sooner or later. Price if able to break the neck line again - may trigger a sell off again.
>>> Nifty Hourly Chart <<<
>>> click the chart to see on full screen <<<
We made a 280 Points Profit last week. As given on above chart, sub wave (iii) completed and a relief rally for sub wave (iv) on the way. If 8094-95 takes again on the upper side - then (iv)th sub wave may extend as a complex correction till 8145 or even till 8250. Else Price may resume the fall to break the previous low.
>>> Bank Nifty Hourly <<<
>>> click the chart to see on full screen <<<
Lot of speculations about - RBI may cut rate following Chinese rate cut. If that happens - Bank Nifty and Entire Index's may make a "U" turn any time along with Bank Index and Banking Stocks.
But falling rupee and Emerging Market's competition in Currency War, Followed by US strong GDP data last week and speculation that FED may not delay September Rate cut - may harden the hands of RBI to Cut Rates as usual.
Rajan - doesn't looks like bowing for our India Politician's Pressure to Cut Rate - Rather he wants his own way to Proceed with his monitory Policies.
If all the above are not wrong, then it looks like Bank Index under Heavy Bear Grip. Increasing NPA's - Increasing Cost of Funding - Makes Indian Banks to Struggle hard in coming Quarters also.
So Stay Caution on Bank Index, It looks like a Falling Knife, and not yet bottomed out.
>>> ASIANPAINTS <<<
>>> click the chart to see on full screen <<<
Booked Profit Rs.10,000/-
>>> ENGINERSIN <<<
>>> click the chart to see on full screen <<<
HIT SL and Booked Loss
>>> CAIRN INDIA <<<
>>> click the chart to see on full screen <<<
HIT SL and Booked Loss.
>>> ALBK <<<
>>> click the chart to see on full screen <<<
Booked Profit @ 87.
>>> DLF - Posted on 25th Aug, 2015 <<<
>>> click the chart to see on full screen <<<
Wrote DLF - to move towards 123. See what happened
>>> DLF - Happened <<<
>>> click the chart to see on full screen <<<
DLF - Booked at 118 with a Profit of Rs.32000/-.
>>> PERFORMANCE - for the month of Aug 2015 <<<
>>> click the image to see on full screen <<<
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