Sunday, February 10, 2013

Weekly Review - 11.02.2013

Dear All,

>> NIFTY - HOURLY <<

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Nifty broken all support earlier I gave. 5960 / 5930 got broken last week. Now 5844 and 5823 are the last hope for bulls.

>> NIFTY - DAILY <<

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Nifty Trading below 15dsma / 20dsma and 50dsma - shows the bear strength. Cross over of 15dsma and 20dsma also signalling the strength of bear. Last hope lies on 100dsma should rescue the bulls from severe fall in coming days.

>>BANK-NIFTY<<
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Of course raising wedge broken and ew count suggest a possible support at 12183 for a bounce from here. Below 12183 next strong support at 11981.

>>SBIN<<

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SBIN looks like standing on many of its supports like 38.2% retrace, 100 dsma and trend line support. Will it hold all of its kind to bounce back next week?? or fall ?? Lets See.

>>PERFORMANCE<<

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