Thursday, October 24, 2013

bearish engulfing hanging man spotted at Nifty eod chart

EOD candle hanging man with long tail plus bearish engulfing  rsi at 83.62 MFI pointing to South adx converging all indications are  supporting …….

Nifty call gained 100 or more points …

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bank nifty  maintained  its level above falling trend line if wont fall below it and break horizontal channel also then 500 points up blast minimum will be there which will take bn to 11500 and above and nifty to all time high but chances are grim only surprise can do it means  news which is gud  for bank nifty ..


Trade in Nifty Futures as per these levels

Buy at / above: 6211   Targets:  6233 – 6257 – 6277

Stoploss : 
Sell at / below: 6185   Targets: 6169 – 6149 – 6129 – 6106-6082

Stoploss : 6211 

Flat to positive opening with increased volatility will be there closing in red cant be ruled out today …

yesterday call on bank nifty worked well and banged on intra day target …it was 1 target call with stoploss order

call was (10/23/2013 9:24:35 AM): sell bank nifty at 10860 sl 10955 tgt 10760


bearish engulfing hanging man spotted at Nifty eod chart

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