Saturday, January 09, 2016

Weekly Review - 11.01.2016

Dear All,

>>> Nifty Weekly Chart - Posted Last Weekly Review <<<

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

Last weekly Review - Have mentioned that - Price facing resistance @ 7965. See what happened.

>>> Nifty Weekly Chart - Happened <<<

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

It was a heavy fall - after resisted at 7965. Next Support @ 7550 and 7490.

>>> Nifty Daily Chart <<<

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Inside bar shows some momentum for the bulls. Until the price holds above the previous low, upmove possible any time.

>>> Nifty Hourly Chart <<<

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Hourly Chart gives a clear picture of Wave A and Wave B. Wave B retraced almost 100% of Wave A, Mean a Possible bounce back for Wave C on card. But if the low breaks, the count becomes invalid.

>>> Bank Nifty Daily Chart <<<

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Its a 100% correction for Wave C till 16050. Must hold for a strong bounce back. Lets See.

>>> SKSMicro - Daily Chart <<<

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We have shorted @ 540 Level for a good Fall.

>>> ADANIPORT - SL HIT & EXITED WITH LOSS <<<

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Highly Volaitle Stock, costed us a Loss of Rs.20K, when we entered twice. Above chart suggest a good support @ 240 Level, If holds, Bounce back can be strong.

>>> HINDALCO Daily Chart <<<

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

Good Support @ 75 Level, If holds Expect a strong bounce back.

>>> Performance till 08th Jan, 2016 <<<

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

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