Weekly Review - 14.01.2013

Dear All,

>>Weekly Chart - Nifty<<

As given Last Week :-

>Click the Chart to see on full screen<

Happened and Yet to :-

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Weekly Chart shows 5951 tested - which is 78.6% retrace. A break below next week may give a good correction.

>>Daily Chart - Nifty<<

As given Last Week :-

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Last week Suggested that "Hanging Man" on Chart for a Possible Correction. Nifty down to 5931 from 6016. So whats Next ...???

Happened and Yet to :-

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20 dma at 5931 or Trend Line as shown on chart may give support next week.

>>Nifty Chart - Hourly<<

As given Last Week :-

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Update 08th Jan,2013 - Resistance 6013.

Update on 09th Jan,2013 - Trend Line Broken on Hourly Chart

Happened and Yet to :-

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Nifty seems to have completed (v)th or B Wave and falling down for (i) to (v) as marked on above chart.

As far as staying inside the channel as shown on above chart, possibility of upmove there and the alternative count was given last friday.

Already a gap is filled and one more left at 5920 which give support next week

Lets See..

>>>TATA GLOBAL<<<

As given Last week:-

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Tata Global Gave Last week as Support at 160

Happened and Yet to :-

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>Performance<

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