Support Taken @ 9580. Resistance @ 9640 - 9660

Dear All,

>>> Nifty Hourly Chart <<<

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Its a Good consolidation move, took support @ 9580. Should break above the channel for a rally, might be above 9640 or 9660.

>>> PSU Bank Index Posted on Weekly Review <<<

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Posted on Weekly Review - PSU Bank Index Support @ 3420.

>>> PSU Bank Index May Rally - Also PSU Bank Stocks <<<

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Hourly chart shows - Price took support @ 3434. Govt. initiative to Merge some PSU Bank may trigger a good rally in PSU Bank index.


>>> CANBK - Hourly Chart - We are Long <<<

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We are Long and Holding for a good target.

>>> ASIANPAINTS - Hourly Chart - We are Long <<<

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We are long. Price if gives a break out above the wedge like pattern - then IHS may be the case. If this pattern is not wrong - Expect a Good Rally in short time.

>>> ESCORTS - Booked Profit Rs.17600/- <<<

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Booked on Escort Short today with Rs.17600/- Profit. More Correction Possible. Cheers!!!