Wednesday, October 21, 2015

Watch for 8190-95

Dear All,

>>> Nifty Hourly Chart <<<

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

Price out of the wedge. Today's late recovery might be an throw back. Price need to break below 50 Hour Moving Average to confirm the down trend, if holds, expect price to reverse once again to test the previous high or even above

>>> Nifty 5 Mins Chart <<<

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

Above 5 mins chart has two alternatives. As per, if 8190-95 holds, price may rebound again. Else bear may gain strength.

>>> SIEMENS - FOLLOW UP <<<

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

Siemens on our radar for many days and we are following the same continuously. So if 50 DMA breaks, price may fall like previous history. So far price has been resisted near 1391. Trend line as shown on chart has also broken. Lets wait for more confirmation. Cheers!!!