Saturday, June 22, 2013

Weekly Review 24.06.2013

Dear All,


There is no need to react and panic over the rupee's fall, Finance Minister P Chidambaram said on Friday, a day after the Indian unit it an all-time low against the dollar.

>>> NIFTY - DAILY - Updated on 15th June, 2013 <<<

>Click the chart to see on full screen <


Said 2 weeks before, mirror like formation happening and fall can resume any time.
>>> Happened and Yet to <<<
>Click the chart to see on full screen <

Nifty continue to fall for Wave C. Since C(3) is extension in nature, volatile should be there. Means more downside left.

>>>> Nifty - Hourly <<<

>Click the chart to see on full screen <

Since 3rd wave is On, 5th Leg downside should resume once the 4th sub wave gets completed. So a relief upmove should be seen before resuming a fall. Possible Targets are given on chart.

>>> Bank Nifty <<<

>>> click the chart to see on full screen<

Bank Nifty channel support and seems like completed wave (1) or (a) shows possible bounce back from here.

>>> Bharti Airtel <<<

>>> click the chart to see on full screen<

Since last week I'm bullish on Bharti, Friday closing looks like a Break out, If i'm not wrong Next week Bharti should give a decent gain. Lets see.

>>> Voltas <<<

>>> click the chart to see on full screen<

Voltas on wave c, should move up for the target mentioned on chart.

>>> SBIN <<<
>>> click the chart to see on full screen<

SBIN need a break out above this channel for a Possible Rally as shown on chart.

>>> ZEE Limited <<<
>>> click the chart to see on full screen<

238.5 Should be taken out for 245 upmove. Lets See
>>> Performance <<<
>>>Click the image to see on full screen<<<

For details send email to niftyforall@yahoo.com.