Monday, May 25, 2015

Next Support @ 8355 & 8313.

Dear All,

>>> Nifty 5 Min Chart - Posted on Weekly Review <<<

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

Wrote on weekly review - Nifty may test the three support as given on chart. See what happened today.

>>> Nifty Hourly Chart <<<

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

As expected Nifty broken the first Support @ 8406. Almost near 2nd Support 8355. Tomorrow if 50 Hour Moving Average OR 8355 Holds, the there can be a bounce again before a fall. Expecting nifty to test the third support before expiry.

>>> ACC <<<

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

Wedge is broken and more fall likely.

>>> LT <<<

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

As shown on chart - If the channel Support unable to hold for tomorrow also, Expect more correction. Cheers!!!