Weekly Review - 10th Oct, 2016

Dear All,

>>> Nifty Daily Chart <<<

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

Wrote Last week Review - 50 DMA looks important - as mentioned - Price again closed below 50 DMA and RSI continue to move down. 8810 & 8730 continue to resist on the upper side. 8660 & 8620 continue to give support.

>>> Nifty Hourly Chart <<<

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8780 & 8810 may continue to resist, We are holding our short.

>>> Bank Nifty Daily Chart <<<

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BankNifty Looks Offensive. RBI's Rate Cut - Not helped Price and Bull. Now Price must hold the channel support as mentioned on chart.

>>> Bank Nifty Hourly Chart <<<

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19320,19205 and 19100 must help bulls for a bounce back.

>>> JUBLFOOD - Booked Profit Rs.25000/- <<<

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Booked Profit Rs.25000/-

>>> HINDZINC - Some Profit Booked and Holding Rest with Risk <<<

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Made a good profit - booked near 247 and holding some also.

>>> HINDALCO - Expect some Correction <<<

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Shorted Hindalco and expecting some correction. Price must hold below the trend line as shown on chart for a meaningful correction. Else price may reverse to continue its upmove.

>>> Performance till 07th Oct, 2016 <<<

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Above performance is not a Promise or guarantee for the given Profits or Loss.Performance given based on 1 lot at a time and clients Profit differ as per the margin availability and Number of Lots taken by them. We may or may not re-enter the Calls given here hit Stop Loss, as per market movement. The charts given above are just for educational purpose only and we don't recommend any Entry / Buy or Exit / Sell. Reader must taken their own decision or consult their qualified Analyst before making any decision.

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