Saturday, February 23, 2013

Weekly Review - 25.02.2013

Dear All,

>>NIFTY - DAILY<<
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Nifty Daily Chart suggest a possible Head and Shoulder, 5823-20 act as a base and if broken then another 300 points is unavoidable. 100dma plays an important support for bulls.

>>NIFTY-HOURLY<<
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Nifty Hourly seems like forming an ABC. As we are in B wave. As I feel that B(b) should take support at 5820 as shown on chart for a reasonable bounce for B(c). Bounce can be near or above 5900 which should be used sell again.

>>NIFTY-WEEKLY<<

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Weekly Chart suggest bears upper hand. An Inverted Hammer along with a sell on macd gives a real threat for Bulls.
COMMODITY
CRUDE OIL

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>COPPER<

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>SILVER<

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PERFORMANCE
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