Tuesday, September 22, 2015

CAUTION - More Panic Ahead - Below 7786 - Next Support @ 7640

Dear All,

Just remember what we wrote on Weekly Review - Head & Shoulder come into effect on both Nifty and Bank Nifty - Advised Caution for all Longs.

Since last week - We covered all our Longs and Started Shorting market - We have also updated very clearly - to Stay Caution - on Longs - See what happened.

>>> Nifty Daily - Posted on Weekly Review <<<

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

Wrote clearly on Weekly Review - Above was a Head and Shoulder - Advised to Stay Caution also. See what happened.

>>> Nifty Daily - Happened <<<

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

As mentioned on chart - We have advised our clients to short nifty near 7980 & Bank Nifty near 17500. As you all know what happened today. It was nearly a 170 Points fall on Nifty and 500 Points fall on Bank Nifty.
Now Next Support @ 7786 if breaks - More fall Likely till 7640. Advise more caution ahead.

>>> YES BANK <<<

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

WE have shorted @ 773 and almost in a profit of Rs.10,000/- More fall likely - Sell on Rise or Stay Short.

>>> BAJAJ AUTO - As Posted on Weekly Review <<<

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Wrote on Weekly Review - Bajaj Auto is a Head and Shoulder Candidate - May fall heavily - We are in Short from 2355. See what happened today.

>>> BAJAJ AUTO - Happened <<<
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We have shorted @ 2355 and stock made a low of 2275 - almost 80 points or Rs.10K profit so far. Expect more fall if the channel support broken - as given on chart.

>>> ARVIND <<<

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

Price broken the raising wedge. We are in short and expecting more fall. Cheers!!!