Saturday, January 05, 2013

Weekly Review - 07.01.2013

Dear All,

>>>NIFTY-WEEKLY CHART<<<<

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

Weekly Chart suggest Bulls Strong Hand. Price closed above 78.6% retrace and 5 weeks MA shows the the strength of Bulls.

But MACD move is slightly discouraging.

>>>NIFTY-DAILY CHART<<<

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

Daily Chart - Hanging Man Suggest a possible correction.

Resistance 6034, 6080 and 6150

>>>NIFTY-HOURLY CHART<<<

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

Nifty Chart - Hourly Suggest the current upmove as (i) to (v) got completed.

1) sub wave (b) got completed
(2) or 5th wave got completed

Support 5980 if broken may see a fall.

>>>Performance<<<