Sunday, 24 June 2012

Bank Nifty.

I guess chart states it all looking delicious and juicy to short.

Same condition wait for candle to break trendline in 1 hr, and when low of that 1 hr breaks in next candle go short.

Bhel.

Bhel Multilayered Resistance.
Bhel 60 min chart with trendline,breaking of trendline in 60 min we can go short when price go below 60 min candle that breaks trendline.

Bank of Baroda.

As Chart Indicates good price to go long or short. Right now BOB is entering in its resistance.

Closing of 1 hr candle below this trendline break,its a good short.

Bajaj Auto

Bajaj Auto good to long and short as per described levels above.

1 hr Bullish engulfment for long and 1 hr bearish engulfment for short.
Nifty has good resistance just above 5170-5241.

Positional Shorts can be made by seeing 1 hr bearish candle after price enter in the resistance zone.