Monday, June 13, 2016

Next Resistance @ 8128, 8142 & 8168

Dear All,

>>> Nifty Hourly Chart <<<

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

After making a low of 8064, Price managed to recover form day's low. If price able to cross above 8128, then may test 8148 and 8168, before resuming next fall. We are still holding our short.

>>> Axis Bank - Hourly Chart <<<

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

Axis Bank - Price made a rally as A-B-C and Wave C retraced almost 161.8% of Wave A. A wedge like pattern, Broken down - Shows a correction unavoidable. We have short position and holding for a good fall. CheerS!!!