Thursday, April 21, 2016

Friday - Judgement Day

Dear All,

>>> Nifty 5 Mins Chart <<<

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

Above is a 5 mins chart - to understand the nature of move - have analysed closely with 5 mins chart. I assumed that todays move as a possible last expanding triangle and if breaks below 7880-90 may test the supports like 7860,7826 and 7790. Below 7777 price may continue to fall. We have entered short today morning.

>>> RELIANCE - Hourly <<<

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

Price if breaks the channel support as shown on chart - Possible correction on card. We have Short position for our clients.