Thursday, July 21, 2016

Resisted Again @ 8580. Watch Support @ 8480

Dear All,

>>> Nifty Hourly Chart <<<

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


Second time 8580 Resisted and Price started falling down. Now watch support @ 8480 for weakness.

>>> Bank nifty Hourly Chart <<<

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


Index Mover - Bank Nifty confirmed the correction on both RSI and Price. Hope the entire market should listen carefully. We are holding short in Bank Nifty also.

>>> HINDALCO - Daily Chart <<<

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


Hindalco - Broken Support on Price and RSI - We are holding short and expecting a possible correction.

>>> SBIN - Daily Chart <<<

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


SBI - Price broken out of Wedge - may try to fill the gap left below - as shown on chart. We are holding short and expecting the price to fill the gap sooner or later. Cheers!!!