Saturday, October 12, 2013

Weekly Review :- 14.10.2013

Dear All,


>>> NIFTY DAILY <<<

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

Hanging Man on Daily chart. May be the end of Wave B. So Next week move may confirm the start of Wave C on the downside.

>>> NIFTY HOURLY - As given on Last Weekly Review <<<

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Alt 1 worked out and nifty moved above 6048. So lets see whats next.

>>> NIFTY HOURLY - Happened and Yet to <<<

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Wave B extending beyond 6048 as Last leg of Wave B extended as 1-5. Now 6108 and 6142 remains as resistance. Expect Wave C to start from here onwards for next week.

>>> BANK NIFTY <<<

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Bank Nifty should hold 61.8% fib level for next Up move, else may confirm the end of Wave b.

>>> PERFORMANCE <<<

>>> Click the image to see on full screen <<<