Thursday, January 07, 2016

Support @ 7540 & 7490

Dear All,

>>> Nifty Daily Chart <<<

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

If you are a regular reader, you must know that, I have written many times - 7945 is a key resistance - Unable to cross may trigger a big sell off. As mentioned a lot of Fall happened till today. So what's Next. Price must hold 7540 or 7490 for a Meaningful come back. Else the fall may continue.

>>> Nifty Hourly Chart <<<

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

Above count is invalid if breaks below 7550.

>>> BANK NIFTY - Hourly Chart <<<

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

Bank Nifty looks like - Completed Wave C fall as 100% of Wave A. If holds above 16000 Bounce back may come in. Else fall to continue. Lets See.

>>> HINDUNILVR - Posted Yesterday <<<

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

We have advised our clients to short HUL Yesterday. See what happened.

>>> HINDUNILVR - Profit Booked @ 830 <<<

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

We Booked Profit @ 830. Cheers!!!