Thursday, December 03, 2015

More Event - More Volatile - Support @ 7850 & 7820

Dear All,

>>>> Nifty Hourly Chart <<<<


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

Its a complicated correction and the counts may not appear genuine due to complicated in nature. Earlier today we hit a 20 point stop loss in our long, which violated our count. Hence the above count was modified, which differed from my earlier counts. More Events like ECB / FED / CBDT & China Factor's - initiated heavy volatile. Must stay cautious on either side to protect our capital.

>>> Bank Nifty Hourly Chart <<<

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

Earlier - Mentioned 17480 as a Resistance - which failed to cross. Now if the Trend line Supports, expect bounce again. Cheers!!!