Monday, April 25, 2016

Support @ 7826

Dear All,

>>> Nifty Hourly Chart <<<

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

7826 an important support - if breaks may test 7777. We are holding our Shorts for more fall.

>>> RELIANCE - DAILY - As posted on Weekly Review <<<

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

Wrote on Weekly Review - Price if breaks the channel - Possible correction on monday. See what happened.

>>> RELIANCE - Happened <<<

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

In spite of good results on Q4, Price today broken the channel support with Big Volume as shown on above chart. We have short position from 1048 and Holding still. Its seems like price may continue to fall. Lets Wait and See. Cheers!!!