>>> Nifty-Daily <<<
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Weekly chart gave a Bearish engulfing candle, no doubts its a clear signal from bear. Daily chart suggest here that the top has been formed at 6229 and broken many supports like 6230 and 5971, Now I feel that Nifty may touch the 50dma or the middle support line as i have given on chart. Lets see.
>>> Nifty - Hourly <<<
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Hourly Chart suggest the Price struggling on the Lower end of the channel as well as 200 Hour MA, Break below these line may take support at 5928 and 5854.
>>> Nifty - 5 Mins <<<
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Lets have a closer look at 5 mins chart to know how the fall is happening. I feel the fall here is a (iii)rd sub wave and having some extensions and last friday consolidation is a sub wave (iv) and it looks like an expanding triangle with a-b-c-d-e and immediate resistance at 6030 as shown on chart.
>>>SBIN - As Updated on 22nd May, 2013 <<<
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>>>SBIN - As Update on 23rd May, 2013 <<<
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>>> SBIN - Happened and Yet to <<<
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SBIN as said before Result day and Happened on the day are produced above. Now whats next ??? 2093 a Good support, if broken the fall must continue, else SBI may bounce strongly to 2600+ as shown on chart. So Once again Nifty in the Hands of SBI. Very interesting stock to follow.
>>>> Titan <<<
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Have already given Titan for the last 2 weekly reivew and said fall is coming. Now the above chart suggest a Possible H&S on daily chart, suggest more fall on card. So I feel every rise is a selling oppertunity.
>>> Crompton Greaves <<<
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Yes again Crompton, Said last time it won't Cross 108. But Crossed and unable to hold and fell below 100. Now as shown on chart if break the lower end of the channel get ready for a free fall.
>>> Bank of India <<<
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Bank of India - one more H&S Candidate..Nothing more to say!!!
>>> Performance <<<
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Interested can send your query to niftyforall@yahoo.com.
