Monday, August 01, 2016

Key Support @ 8580-8590

Dear All,

>>> Nifty Hourly Chart <<<

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

Price today breached a one month support line and managed to hold at the end of the day. Tomorrow 8580-90 acts a good support, if holds, price may continue its upward journey.

>>> Bank Nifty Daily Chart - Posted on Weekly Review <<<

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

Mentioned on weekly Review - Price close the wedge support line. See what happened today.

>>> Bank Nifty Daily Chart - Happened <<<

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

So Price broken the wedge - if stay below, Correction may continue. We are holding short.

>>> SBIN - Hourly Chart <<<

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

So again Price broken the Wedge - Hope SBIN may correct. Cheers!!!