The Climax of Island reversal pattern … Island sunk into deep sea !!!
I anticipated this and to that I uploaded the chart of Island Reversal in 9 A.M and in Sizzling Charts on 8th June, 2010. I have clearly written in the chart, the reversal signal is in a weak trend and it might falter.
Time and again it is getting proved, trading by methodologies are based on probability and not a certainty !
Lets see after the storm what bulls and bears will do today..
Nifty Future:
Resistance around 5142 and crossover of 5154 will lead to 5190 – 5225
Support around 5080 and breaking 5070, it could drift to 5035.
Stock Future:
Buy Axis Bank around 1240 with SL at 1235. TGT 1270 – 1285
Buy HDFC around 2743 with SL at 2736. TGT 2770 – 2785
Trade like a Pro !!!
Happy Trading
C T Ramesh Raja
G M sir.Thanks for posting.
We were all disappointed when there was NO posting Yesterday.
People like me have become an addict to this site as there is no Ambiguity & BLa Bla in yr recomm & every this is clear Yes or No for a lay man.
Perhaps you r unhappy due to the poor participation from the members who visit the site which is shown by the counter around 500 daily.
sir
I was not well from 9th Afternoon. I have taken complete rest due to ill health.
I am OK now and will continue to post my views.
Sir,
I when ever go to temple i pray for your health. May god bless you with good health. I dont have the age to bless you Sir, so i pray for you.
Thanking you
nanchilvijay