Sunday, November 25, 2012

Weekly Review:- 26.11.2012

Dear All,

>>>NIFTY<<<

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5593 took Support on Friday, Shows that an upmove still pending. Possible upmove shall be as shown on chart, Resistance 5652, 5668 and 5688.

Support remains as 5588 and below this trend may change bearish.

Resistance remains as 5688 or 5693 and above this trend may change bullish.

>>>SBIN<<<

Last week SBIN was given as below ..

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What happened as follows :-

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As per Last week Call, State Bank of India Touched 2057 low and bounced to touch then neck line break down 2114 as shown on Chart. The pattern remains intact as far as Price moves above the trend line with volume. Else should touch our target 1975 to 1950 as mentioned last week. Those who have taken position as per our previous week update shall hold it for the target.

>>>PANTALOON<<<

Last week Pantaloon given as below

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What Happened as follows :-

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As said previous week, Pantaloon touched a low of 175 last week from 186 and bounced back to touch the neck line break down to 192 and again resumed its fall.

Parliamentary move about FDI Policy has made the stock volatile, but still the Target 165-166 remains intact in coming week.

>>>>UNITECH<<<<

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Stock seems to be topped out at 27.35 and made a Bearish Dark Cloud Candle Stock on Hourly Chart Indicates that Interim uptrend has ended. If Stock able to break and sustains below 26 then 24.50 is visible soon.

>>>PERFORMANCE<<<


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