NiftyforAll: Weekly Review 16.09.2013

Saturday, September 14, 2013

Weekly Review 16.09.2013

Dear All,

Narendra Modi formally anointed BJP's prime ministerial candidate :-

Gujarat Chief Minister Narendra Modi would be the Bharatiya Janata Party (BJP)’s candidate for prime minister in 2014, party president Rajnath Singh announced here on Friday.

>>> NIFTY - Daily - As Updated Last Weekly Review <<<

>Click the chart to see on full screen<

Last week said Nifty may bounce to touch the trend line as given on chart. So every one saw what happened this week!!!

>>> Happened and Yet to <<<

>Click the chart to see on full screen<

Exactly as said Nifty bounced and touched the trend line and its now time to correct ??? Yes possibly should correct before next upmove. Lets see details on Hourly chart - which had some clues!.

>>> NIFTY - Hourly Chart - As Updated last week <<<

>Click the chart to see on full screen<

Last week said there is a Reverse H&S break out on chart and mentioned possible target as 5720 and 5884. All targets achieved as said and lets see whats pending for this week.

>>>> Happened and Yet to <<<

>Click the chart to see on full screen<

So Now Possible for Nifty to correct from here if break the channel as shown on chart. Target 5800,5720 & 5650. Lets See.

>>> BANK NIFTY - As Updated Last Weekly Review <<<

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Bank Nifty achieved First Target 10295 as said Last Week. So whats Next...???

>>> Happened and Yet to <<<

>Click the chart to see on full screen<

So Bank Nifty touched the First Target...So whats next ??? Possible Correction...We had a clear direction on Hourly Chart ...!!!

>>> BANK NIFTY - Hourly Chart <<<

>Click the chart to see on full screen<

Yes, Bank Nifty Hourly Chart suggest and Possible H&S Break down. MACD signals a break down with downside target of 10011, 9765 & 9560. Lets See

>>> BLOCK BUSTER CHARTS OF THE WEEK <<<

>>> UCO BANK <<<