Tuesday, September 15, 2015

Support @ 7770-80 & 7710

Dear All,

>>> Nifty 5 Mins Chart <<<

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

Price started consolidation for wave (b). 7770 and 7710 may act as a support. If these two support gets breaks - then Bulls may comes into trouble. Above chart reveals how the volatile movement rattled the traders on both sides so far. We are long from 7630 and advised our small and less risky clients to take profit at their comfort zone. But still chart reveals upmove, if the given supports holds. Only two trading days left in this week.

>>> Bank Nifty 5 Mins chart <<<

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

16540 and 16390 may support Bulls. Breaks below the given support means, Bulls may be agian in trouble. Lets See.

>>> MCLEODRUSS - Posted on 09th Sep, 2015 <<<

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

As we wrote - Stock looking for a good upmove. See what happen.

>>> MCLEODRUSS - Happened <<<

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

Price moved up near 174, We made a good Profit of Rs.20K.


>>> ICICI Bank - Posted on 10th Sep, 2015 <<<

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

Wrote on 10th Sep,2015 for a good upmove. See what happened.

>>> ICICIBANK - Happened <<<

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

So for we made Rs.10K and advised to book at comfort zone also. As per above chart - if price stays below the channel - some consolidation also left. Lets wait and See. Cheers!!!