Monday, November 16, 2015

More Rally Coming Soon. Stay Long.

Dear All,

>>> Nifty Hourly Chart - As Posted on Weekly Review <<<

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

Wrote on last weekly review - if support 7690 or 7710 holds, expect a bounce back. See what happened today.

>>> Nifty Hourly Chart - Happened <<<

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

As expected, Nifty took support near 7710, made a low of 7714 and started moving up. Tomorrow 7870 and 7940 may act as resistance.

>>> APOLLO TYRE - We are Long <<<

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

We are Long in Apollo Tyre, Expecting a good rally. If the price breaks the small channel on the bottom of the chart, Expect a good short covering and fresh rally soon.

>>> ADANI PORT - We are Long <<<

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

We are Long on Adani Port also. RSI on break out mode, price must follow the same, for a good rally and short covering. Lets wait and See. Cheers!!!