Tuesday, July 26, 2016

Support @ 8575 & 8540

Dear All,

>>> Nifty Hourly Chart - Posted Yesterday <<<

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

Wrote yesterday - price & rsi must cross above the trend line for a comfortable rally. See what happened.

>>> Nifty Hourly Chart <<<

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

Price unable to cross above the trend line and started moving down. Now the Price and RSI must break below the support for a meaningful correction. Expect heavy volatile ahead of Events like BOJ & FEB along with Expiry. Cheers!!!