Wednesday, August 03, 2016

Support @ 8530 & 8480

Dear All,

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

Above image shows - how the GST Bill impacted the Other Nations during the year its introduced. So also to us, hope every one can understand what may happen for us, But as per news it looks like GST will be Introduced from FY17.

>>> Nifty Hourly Chart - Posted Yeserday <<<

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

Wrote Yesterday - Price resisted @ 8710 and may see a possible correction - if not crossed above it.

>>> Nifty Daily Chart - Happened <<<

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

Price made a first sign of Bearishness, and if RSI confirms the same, More correction possible.

>>> Bank Nifty - Daily - Posted on 01st August, 2016 <<<

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

Wrote many times - Bank Nifty unable to cross our resistance and broken down for a correction. See what happened.


>>> Bank Nifty - Happened <<<

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

We are short in Bank Nifty above 19000 and still holding for a Good Correction

>>> AMBUJA - Daily Chart <<<

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

We hope that the Current rally on Ambuja has been completed as ABC wave and looks like it may correct. We have shorted Ambuja and holding it for a good correction. Cheers!!!