Weekly Review - 09.12.2013

>>> MODI WAVE OR BEAR TRAP <<<

So Indian Markets moved up after exit polls projected a strong showing by the BJP. Market to react sharply On the Opening Bell on Monday, once the results are declared on Sunday.

Analyst expect 100 - 150 Points rally if the results came out as expected. But charts should be viewed with a third eye. Lets see whats Chart says ...

>>> NIFTY - BEARISH OUTLOOK <<<

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

Any surprise from Election results may trigger a sell off on the downside. As Nifty is over Bot and all predictions are in favour of bulls, any surprise or un-expected outcome on the results may trigger a heavy Sell off on nifty.

>>> NIFTY - BULLISH OUT LOOK <<<

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

So no wonder if BJP makes a sweeping victory on results. Nifty should make a 100 to 150 Pts gap up on the opening. So it must be a third wave upmove and should trigger a lot of short covering too. Lets See.

>>> BANK NIFTY - DAILY <<<

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

Bank Nifty facing key resistance from previous high 11812 if crossed may see 12334. So far the move looks like a corrective upmove Wave B. Cross above Fib level 78.6% should change the scenario. Lets wait and see.

>>> SBIN <<<

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

Explanations on chart.

>>> Block buster Chart <<<

>>> BHARTI AIRTEL <<<

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>>> CIPLA <<<

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>>> MISSED CALLS <<<

>>> ONGC <<<

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>>> AXIS BANK <<<

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>>> PERFORMANCE <<<

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