Weekly Review - 26.08.2013

Dear All,

>>> Nifty - Weekly - As Updated Last Week <<<

>>> Click the chart to see on full screen <<<

>>> HAPPENED AND YET TO <<<

>>> Click the chart to see on full screen <<<

As wrote last week Nifty though fell down below 5380 or 50% Fib Level, managed to close above with a Hammer on weekly chart. 100 & 200 WMA also saved marginally. So there are chances of recovery next week.

>>> NIFTY - Hourly <<<

>>> Click the chart to see on full screen <<<

So far I have marked Hourly chart as 123 formation and if Next week Nifty able to cross and trade above 5493 then the fall must be marked as A-B-C and hence the rally must continue for a while.

>>> BANK Nifty - Hourly Chart <<<

>>> Click the chart to see on full screen <<<

Bank Nifty almost completed its 5 wave downside, either its a ABC or 123 if give a break above the channel as shown on chart, no doubt may get a good short covering next week.

>>> BLOCK BUSTER CHART & PERFORMANCE LAST WEEK <<<

>>> HEXAWARE <<<

>>> KOTAK BANK <<<

> On 20th Aug 2013 <<<

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> On 21st Aug 2013 <<<

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>>> COAL INDIA <<<

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>>> INDUSIND BANK <<<

>>> REC-LTD - Updated as on 22nd Aug 2013<<<

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>>> Happened <<<

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>>> ICICI BANK LTD <<<

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>>> JP ASSOCIATES <<<

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>>> PERFORMANCE <<<

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