Thursday, May 26, 2016

Next Resistance @ 8150 & 8250

Dear All,

>>> Nifty Daily Chart <<<

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

Price finally broken above 7990. We have long from 7815 Average (7890 & 7740) - Booked today @ 8050 with a Profit of Rs.36000/-.

>>> Bank Nifty Hourly Chart <<<

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

Bank Nifty also booked our Long @ 17150, Bot @ 16640 - almost 500 Points Profit. Price closed above 17030 - may face resistance @ 17350 and 17622.

>>> LICHSGFIN - Profit Booked @ Rs.11000/- <<<

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

We have booked our long in LICHSGFIN with 10 Points or Rs.11000/-. Stock shows more momentum, if crosses above the channel - may move further as shown on above chart.

>>> UNIONBANK - Hourly - Holding Long <<<

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

Union Bank - Hourly Shows and Falling Wedge Break Out. We are holding long and holding for a good upmove from here. Cheers!!!