Thursday, June 16, 2016

Resistance @ 8160,8180 & 8206

Dear All,

>>> Nifty Hourly Chart <<<

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

Its a complicated and volatile move on nifty, as yesterday its a 100 Plus move and today a gap down with 100 minus move shows the strength of the volatile. Seems like price moving as abc-x-abc. and we are in the last leg of abc. If so, price may get resisted near 8160,8180 or 8206.

>>> Bank Nifty Hourly Chart <<<

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

17700 & 17745 - Resistance.

>>> Maruti - As Posted on 14th June, 2016 <<<

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

Have wrote on Monday - about possible upmove on maruti - See what happened.

>>> Maruti - Happened <<<

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

As wrote on monday - Price raised above 4168 and started coming down today, Stock may correct more if - Price breaks below 4062. We are holding our short from 4150. Yen Movement - highly affect the stock movement. Lets wait and see. Cheers!!!