Saturday, October 20, 2012

Weekly Review - 22.10.2012

Dear All,

Its a Black Friday for US Markets after a dis-appointed earning from heavy weights particularly from Tech sector. Nasdaq alone down 67 Points of 2.18%. Since Nifty is on a crucial Point, its very much important for us to see how we Open on Monday. So lets see how Nifty is now..

>Click the chart to see on full screen<

Nifty Daily chart suggest 5630 is a Strong Support. Due to weak global cues - it seems Nifty may breach this level on Monday. If breaks then there is a High chance of filling the Gap left on bottom at 5447.


>Click the chart to see on full screen<

Cipla already given on weekly report earlier.Every time Cipla is breaking the Channel Line as market on chart and falling down shows that the stock is in a full time Bear Grip. Now as per chart it seems CIPLA has broken down a 35 Points Triangle. Seems like Fall should be fast and furious. Lets wait and see.


>Click the image to see on full screen<

Above sheet is the Performance for the Period upto 19th, October, 2012.