Weekly Review :- 08.07.2013

Dear All,

As said Last week Nifty started moving up as I mentioned this as Relief Rally. Now the Scenario is 2 way. Lets see whats all it.

>>> NIFTY <<<

Scenario 1 :-

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Above count is valid as per the Resistance Level given, If broken those Resistance level, then Second Scenario should come into effect and so the upmove should continue. Else Fall should start from here onwards.

Scenario 2 :-

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As per the Second Scenario Nifty is forming a 3-3-5 Flat correction, means B wave had a high possibility of moving up as IHS may come into effect towards the Target of 6100 and there after C wave may not fall below 5566. So I prefer not to short at current level to avoid Loss.

>>> Tata Motors <<<

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Above chart given on Friday, So lets see what Happened now..

Happened and Yet to :-

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Hope the directions given on chart is clear, No need for explations.

>>> UCO BANK <<<

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Expect more fall in Uco Bank if 68 is not crossed. We are already in Profit with SL CTC. Let See.

>>> SESAGOA <<<

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Sesagoa support at 140 should move up from here. Lets see.

>>> Performance <<<

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Above Performance is up to first week of July 05, 2013. We are adding new clients for this month. Queries are invited on niftyforall@yahoo.com