Saturday, January 26, 2013

Weekly Review - 28.01.2013

Dear All,

>>> Re-Cap from Last Week's Update <<<



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In Last weekly Review, Have assumed that sw(iii) is completed and sw(v) may get extended as shown above with possibilities, instead (iii)rd of (v)th extended as a diagonal as shown below.

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So the fall happened after an ending diagonal for the (iv)th sub wave happened as below.
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Happened and Yet to :-


As said last week 6020 gave a good support with Channel shows the end of (iv) th wave and upmove looks like (v)th wave. Now 6080 and 6100 act as a Resistance next week and cross above can give a new high in coming days. Short Sellers should take care of their stop loss. Lets see.

>>> Bank Nifty <<< As given Last Week :-


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Updated on 24th Jan, 2013 :-

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Happened and Yet to :-

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Last Weekly Review wrote that 12523 as a support, which gave a good support for last week for an upmove. As shown on above chart it seems like a break out and a possible upmove should continue in next week also.

>>>ANDHRA BANK<<< as given last friday

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Happened as follows :-

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Sent on Jan 24, 2013 02:35:30 PM *****N4A-STOCK-ALERT***** Buy ANDHRABANK near 112-113. SL below 107. Target 117 and 122 (all spot lvl

Sent on Jan 25, 2013 02:52:43 PM ****N4A-STOCK-UPDATE**** ANDHRA BANK NEAR FIRST TARGET 117. BOOK 4000 x 4 = RS.16000/- SL CTC http://niftyforall.blogspot.in


>>PERFORMANCE<<
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Cheers!!!