Saturday, June 08, 2013

Weekly Review 10.06.2013

Dear All,

>>>> Nifty <<<<<
>Click the chart to see on full screen<

I still feel like a IHS in still active unless price closes below the mentioned support like.
>>>Posted on 06th June, 2013<<<

>Click the chart to see on full screen<

Though lot of bad news like falling rupee,US Fed withdrawing its monetary stimulus and the Reserve Bank of India not cutting rates as much as previously anticipated Charts shows lot of bullish signs and support. Key Events next week should decide the trend like Wednesday: April industrial output, May CPI inflation and Friday: May WPI inflation
>>> Bank Nifty <<<
>Click the chart to see on full screen<

Bank Nifty on Crucial Supports Like 50 dma and the Trend line as shown on Yellow colored. Important evens on wednesday and Friday also impact Bank Nifty which may give a heavy action moves next week. Interesting week coming next. Get ready for it.
>>> Performance <<<
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