Wednesday, March 09, 2016

Above 7540 >> Next 7580

Dear All,

>>> Nifty Daily Chart <<<

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

7540 & 7580 if crosses next 7760 visible on chart.

>>> Apollo Tyre - Daily Chart <<<

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

Its a volatile move on apollo tyres also. Company announced entry into two wheeler segment made the stocks move highly volatile on both side. As per chart above - Price moving as ABC-X move. Hence price may face resistance at 175. If price unable to cross above 175 may see some good correction. We are holding short in the above stock. Lets wait and see. Cheers!!!