-Yesterday as expected after breaking Neckline at 5375………..it was complete bloodbath !
-We don’t care for NEWS (Either its of Mauritius or Interest rate ,Inflation,IIP Data )….Chart is far ahead.
-Again writing ,Yesterday fall …courtesy Rumour ,NEWS spread by Blue channel and Pink paper !!
-Already Broken NECKLINE at 5375 level.Now below this level …..101% its a Problem for Bulls.
(101% NEWS was Manipulative only ,After crash of 400 points …GOI and TAX MAN started BLA-BLA about Mauritus treaty !! )
Just see above chart and see ….Where it had taken SUPPORT ??Watch falling line.
5288———–5314 are Hurdles.
Crossover above 5314 with volumes and stays above this level will take to 5335-3DEMA
Support at 5248—–5240 level.
Break below 5240 with volumes will take to 5215—–5207 level.
Above 5335 if stays for 5-10 minutes then ??
Watch Short covering & Target of 5394-5420 in hrs only.
-Today Afternoon or By Tomorow………will see sharp rally of Rs.100-250 points ,
But u have to watch levels written !!
-Today Afternoon or By Tomorow………will see sharp rally of Rs.100-250 points ,
But u have to watch levels written !!
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