>>>> NIFTY - As given in Last Weekly Review <<<
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Last Weekly Review mentioned as 5733 or 50% fib level as a good support, so every one saw what happened and lets see whats next
>>> Happened and Yet to <<<
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It seems like the current upmove shall be marked as wave b, hence it shows that the upmove may terminate any time for a possible down trend. MACD still on sell mode should be noted. So caution advised. Lets see in detail on hourly chart, how far the upmove may continue with a possible downside target.
>>>> NIFTY HOURLY - As given in Last Weekly Review <<<
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Last Weekly - Two alternative given. As per the second alternative worked, broken the low of 5811 and touched 5701.
>>>> HAPPENED AND YET TO <<<<
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This week also we have two alternatives..
As per the current scenario - wave b may extend till 5974 or even 6048. But if unable to hold 5922 then wave b may terminate for an immediate fall. In that case 5637 visible. Lets See.
>>> BANK NIFTY - As given in Last Weekly Review <<<
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Two Fib level given as support last week. So Bank Nifty took support at 61.7% Fib level and bounced.
>>> HAPPENED AND YET TO <<<
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As gave on last weekly review - Bank Nifty took support at 61.8% fib level, Now the upmove should face resistance at 38.2% and 50% fib level. Unable to cross may trigger sell off. Lets See.
>>> BLOCK BUSTER CHARTS OF THE WEEK <<<
>>> CENTURYTEX <<<
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>>> LT <<<
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>>> Follow up on - 03rd Oct 2013 <<<
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>>> ONGC <<<
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>>> FLOP OF THE WEEK - Bata India <<<
Last week Flop was Bata India. We shorted at 857 and Exited at 883. Lost nearly 13000/- As shown on the chart, when price cross the Resistance line, Forced to exit. But the Price just made a high of 884.55 and came down and closed at 865. Its a Big miss for us. So whats next in this Stock.
>>>> Whats Next on Bata India <<<
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>>> PERFORMANCE <<<
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