Thursday, August 02, 2012

Nifty - What Can be Next ?

Dear All,

Nifty not moving and stuck in a small range ??

So many got confused - What can be Next ???

Possibility 1 as per Hourly Chart :-


>>>Click the chart to See it on full screen<<<

From Feb to March, 2012 Nifty fell from 5629 to 5171 in just 13 Candles and Retraced upto 61.8% in just 4 Candles.

Same happened now as marked with a Box and Circle.

So Is Nifty going for a Fall Next as happened in Previous Session ???

If that is the Case then a Fall upto 5 to 6% may happen in Just 12 Trading Session ???


Possibility 2 as per Hourly Chart :-


>>>Click the chart to See it on full screen<<<

As per Attached Hourly Chart - Looks like a Inverted Head And Shoulder.

If that is the case - then a fall upto 5150 to complete sw(b) and may shoot up above 5240 and may complete sw(c) - for a rally for another 200 Points may not ruled out.


>>> Axis Bank <<<


>>>Click the chart to See it on full screen<<<

If Axis Bank has given a Break out - Get ready for a Rally- But wait for a day or two since volume is not supporting and Indicators are still silent.