Wednesday, June 19, 2013

Fed Vs Nifty

Dear All,

The Federal Open Market Committee will end its two-day policy meeting today, with the outcome expected at around mid-night (Indian Standard Time).Market participants are waiting for any cues on tapering of third-round of bond-buying programme popularly known as ‘quantitative easing’ after Fed Chairman Ben S. Bernanke said asset purchases could be scaled back should the U.S. employment outlook show “sustainable improvement.”

>>>> NIFTY <<<<

>click the chart to see on full screen <

No major change in Levels as 5870 not breaking on the upside. So Lets wait.

>>> Bank Nifty <<<

>click the chart to see on full screen <


Bank Nifty seems like completed first leg of downside for sw(a) or (1) and cross above the falling wedge shall give a corrective upmove, Price almost crossing 50hma may add strength to the bulls.

>>> Bharti Airtel - Follow Up <<<
Updated on Blog as on 17th June, 2013
>click the chart to see on full screen <

Happaned and Yet to
>click the chart to see on full screen <

Price gave a clear break shows more upside coming.
>>> Voltas <<<
Updated on face book at 11:40 am today
>click the chart to see on full screen <

Break out given - More upside coming.