Saturday, June 29, 2013

Weekly Review 01.07.2013

Dear All,

****NOTE**** FACING SOME PROBLEM ON THIS BLOG WHILE UPDATING CHARTS. TRYING TO RECTIFY IT. WILL DO MY BEST AT THE EARLIEST AS POSSIBLE.

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


Same Daily chart You must be well know if you are a regular reader of this blog. As per this Chart, I hope a downfall must start from here onwards.

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

Hourly Chart suggest possible end of rally near 5850, else 5890 and 5917 act as a strict resistance where (iv)th sub wave may end. Whereas 5890 resist as trend line as shown on chart.

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

Bank Nifty above 11595 or 23.6% act as support where as 11943 and 12224 should act as a resistance. While Nifty is almost up 280 point up from the low of 5566, Bank nifty just showing sign of movement indicates us some thing cooking inside. Also Banking License announcement may be this week may trigger Bank Nifty on either side. So interesting week ahead. Lets see.