NiftyforAll: Weekly Review

Saturday, March 23, 2013

Weekly Review - 25.03.2013

Dear All,

As I wrote for the Last 2 weeks on Weekly Review, Nifty broken the Head and Shoulder finally and trading below the Neck Line, Shows the strength of the Bear.

Though I was expecting a Bounce and crossed my finger to bear for last 3 days, Advised clients not to short aggressively and gave the possible bounce as below

You can also read the details in Thursday News Letter in the following link
http://niftyforall.blogspot.in/2013/03/head-shoulder-broken-whats-next.html

Due to many index stocks are in the bear mode or to say last 5th wave, Nifty is getting an extension wave in its final fall, so till where it can fall.

Nifty on the last leg of fall as it may extend more, Possible bounce back only above Resistance 5680 and 5710. Else as expected Price may fall upto next support zone 5620 (200dsma) and 5590 from where it may bounce to new high.

>> DLF <<

>> As given on 14th March, 2013<<

>> As given on 15th March, 2013

>> Happened and Yet to <<<

Stock almost fell from 285 to 227 last Friday. Now support seems to be around 210 - 212. Lets see.

>> As given on 15th March, 2013<<

>> As given on 16th March, 2013 <<

>> As given on 18th March, 2013 <<

>> Happened and Yet to <<

Reliance Infra came down from 434 to 334. Support 338-340, if breaks then fall upto 325,310 and 300. Resistance 353.50, if breaks on the upper side then rally upto 375 and 385 on card. Lets See.
>>> BHARTI AIRTEL <<

>> Happened and Yet to <<

Stock still inside the Nick line shows that Bulls still had a chance and may trade side ways with out any direction. News flow like summon to Mr.mittal last week and follow up this week may give direction too. Lets wait and watch.