Bank Nifty - Levels

Bank nifty Positional Short created below 11321,20, see how it behaves and never hitting the s/l and
hitting the targets one by one...............10685.60 /  9974.75 and 9657.....................................................

In August 2013 fall, bottom target was 8737, low formed 8349.40..............................................

Now low indicates (ultimate if at all a big fall)................7757.07...................................................

But, as a trader go level by level.................mentioned in the chart.........use our Intermediate Chart.....

Ranbaxy - Fall - Brain Storming

Most of the cases we will get indication well before the news.....................................................

Take Ranbaxy as study case,  there was a sharp fall due to some bad news.............................

However, on 16th January 2014 it has closed below 420.88 level (breakdown level)..............

So, tehcnically no body will be in Buy side below 420.88.......................................................

Now downside target may be 277.50.......................or else close above 351.05 trend may reverse..

So, News comes late, market reacts first....................................this is our view...................

HCL Tech - Hit The Breakout Target

On 19th July 2013, HCL Tech started his strong upward journey without seeing back and hit the ultimate Breakt out Target of 1470.19....................today.........

Now anything closing above 1470, further journey will start.................................................................

We feel before any further big upmove..................................wait for consolidation.............................

But, better avoid now trading in HCL Tech......................................................at least next 10 days......