Wednesday, June 15, 2016

Resistance @ 8206 & 8264

Dear All,

>>> Nifty Hourly Chart <<<

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

Price negated some alternatives above 8180 and hit 8206. We have Exited our Shorts created at 8235. Some indicator have reversed and price may continue to raise, if Price trades above 8206, may test 8264.

>>> Bank Nifty Hourly Chart <<<

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

Like Nifty - Nifty Bank Also made a sudden rally above 17730 & 17760 - which may find its resistance @ 17940. If trades above 17940 - More rally not ruled out.

>>> AXIS BANK - Posted on 13th June, 2016 <<<

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

Wrote on Monday - Axis Bank may correct.

>>> AXIS BANK - Profit Booked <<<

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

Have booked our Shorts on Axis Bank - with 10,000 Profit, since the Price not moving as expected. We may re-enter or ignore - as per price movement in coming days.