Nifty @ Support

Interesting point for the market. Some would say Do or Die level etc.

Here is a simple channel support on the Nifty. If we break this, the earlier channel would come into play and the markets would head lower else back to the top of the channel.

Lets see what Mr Market … errr .. Miss Nifty does.

Click on the chart to see an enlarged version or click here.

nssupp20161104

Disclaimer: I am not a Research Analyst and not registered with any regulating authority. All posts are for educational purpose only.

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ICICI Bank Ltd. – At top of the channel

ICICI Bank Ltd. – against all odds – has move to the top of the running channel. Now the million dollar question is – will it break and move up, or fall back down to the lower end.

Wait n watch is the key here.

icici-20161025

Disclaimer: I am not a Research Analyst and not registered with any regulating authority. All posts are for educational purpose only

DLF – at Resistance

DLF Ltd. seems to be at resistance.

A good chance to revisit 145 with a stop at 160 around (all cash levels) seemingly.
Chart is self-explanatory – price is at channel top as of now.

dlf-eod-20161024

Disclaimer: I am not a Research Analyst and not registered with any regulating authority. All posts are for educational purpose only