Tuesday, September 29, 2015

More Volatile Ahead - Caution

Dear All,

>>> Nifty Hourly Chart <<<

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

Yes we have covered the shorts today with Nifty 500 Points and Bank Nifty 800 Points.
After 50 BPS rate Cut form RBI - Price spiked and test above 7910 - Shows more volatile ahead.
As per above chart - If I am not wrong - Price may test the lower end of the channel and may try to bounce back to fill the gap left above, In such a case - Expect a complete volatile trading in coming days.

>>> YesBank - As Posted on 22nd Sep, 2015 <<<

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

Wrote Last time on Yes Bank - may test 700 any time soon. See what happened.

>>> YESBANK - Happened <<<

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

As Expected - Price almost touched 702.75 and gave us a good Profit of Rs.18250/-

>>> M&M <<<

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

Yes We have shorted M&M at 1273 and Price touched a low of 1236 - Expecting a more fall till 1190 - Lets Wait and See. Cheers!!!