Tuesday, May 24, 2016

Support @ 7720, 7680 & 7630.

Dear All,

>>> Nifty Daily Chart <<<

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

7720 or Channel Supported the Price today. Price must hold the channel for upmove. Else Price may fall towards next support like 7680 and 7630.

>>> Bank Nifty Hourly Chart <<<

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

Bank Nifty - Corrected as abc & Got Support @ 16375 - If holds - Expect a good bounce. Else Price may drift below 16185.

>>> SBIN - State Bank of India - Hourly Chart <<<

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

We are long in SBI. Charts looks like a Wedge and if breaks above may give a big short covering and fresh rally. Lets wait and See. Cheers!!!