Diwali is really a fire work for stock market. Good Bull move, Particularly on PSU Bank Stocks on last week give lot of confidence to many traders and investors too. No doubt many are going to enter the stock market again after this Diwali. But still there are some doubts about the current move. Will this rally sustain ??? Is this a real Bull move ? Is this a Bear Trap ? Many Questions from traders and Investors. So here I'm giving a detail analysis on Nifty, Bank Nifty and some important Stocks too. May be I'm right or Wrong !!! But it may clear some of your doubts and it might help you to move forward.
I wish you all my Readers A Very Happy , Colorfull and Profitable DIWALI and may bring you lot of happiness and Profit in this Diwali onwards. God Bless you all.
>>> NIFTY - MONTHLY CHART <<<
>>> Click the chart to see on full screen <<<
Presenting the monthly chart this week. Break out on RSI & MACD shows the strength of the Bull. So if you ask me will this market continue to go up, Will there won't be any more correction, My answer is this is a fake or 'Sucker's' Rally. As I wrote on previous weeks, Nifty should see 6500+ soon. So from there we should see a correction. Don't know big Crash or its may be just an small fall. But I cross my finger till it reaches my first target on the upper side as said before. Come Lets see what the other charts says in Nifty also...
>>> NIFTY - WEEKLY - Updated on last Weekly Review <<<
>>> Click the chart to see on full screen <<<
Last Week wrote Nifty should touch or cross previous high. Nifty almost near to previous high, made 6332.55. Lets see what this weeks Chart tell about ?
>>> HAPPENED AND YET TO <<<
>>> Click the chart to see on full screen <<<
Indicators kept moving and Price too. If the Previous high crossed we may see 6500+ soon.
>>> NIFTY - DAILY - Updated on last Weekly Review <<<
>>> Click the chart to see on full screen <<<
6340 First Target said last week. You all know what happened. If able to cross 6340 then 6500 becomes reality. So whats up for this week...?
>>> HAPPENED AND YET TO <<<
>>> Click the chart to see on full screen <<<
Reverse Head and Shoulder ??? Can you believe it ??? Yes its true. But What I feel is this IHS may not be effective. Since its happening on the top of the chart. Secondly I feel Nifty may see only till 6500+ there after we may see some or sharp correction.
>>> NIFTY - HOURLY CHART - Updated on Last Weekly Review :- <<<<
>>> Click the chart to see on full screen <<<
Nifty took support near 6090 as expected last week. Lets see whats next...
>>> HAPPENED AND YET TO <<<
>>> Click the chart to see on full screen <<<
Nifty Hourly - If unable to cross 6340 then possible to correct near to 6200 before a meaningful bounce near to our target 6500+.
>>> BANK NIFTY - As Updated on Last Weekly Review <<<
>>> Click the chart to see on full screen <<<
Last week mentioned that Bank Nifty should move till fib levels 61.8% and 78.6% on the upper side. Ever one know what happened last week, Bank nifty zoomed and crossed 61.8% or 11486 as expected. So whats next ??? Scroll down for interesting chart of Bank Nifty below .
>>> HAPPENED AND YET TO <<<
>>> Click the chart to see on full screen <<<
11695 channel resistance for Bank Nifty. If crosses this level as shown on chart, then Next target 78.6% we may see soon on screen.
>>> BANK NIFTY - HOURLY <<<
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12334 should come to reality on Bank Nifty as shown on chart above.
>>> DIWALI SPECIAL - 4 BEST STOCKS REPORT <<<
>>> STATE BANK OF INDIA <<<
>>> Click the chart to see on full screen <<<
1976 Crucial Resistance - If unable to cross then expect a fall once again. If crosses above then worst is over for the stock.
>>> TATA MOTORS <<<
>>> Click the chart to see on full screen <<<
Tata Motors completed A-B-C-D-E Upmove. If I'm not wrong, should start correcting once it breaks the upper end of the channel. On the contrary if stays above the channel may move up higher also.
>>> INFY <<<
>>> Click the chart to see on full screen <<<
INFY if can trade above the channel - Wave C on the downside should start. I hope INFY should be the first destroyer for Bull. But if trades above the channel, may see one more up move.
>>> TATA STEEL <<<
>>> Click the chart to see on full screen <<<
Tata Steel should move a little bit to get resistance on the above channel as shown on chart. If able to cross then Bulls should continue with Stocks. Else may correct again.
>>> Block Buster Chart of the Week <<<
>>> Rcom - As Updated on 29th Oct 2013 <<<
>>> Click the chart to see on full screen <<<
>>> Happened <<<
>>> Click the chart to see on full screen <<<
Done second Target. Now if breaks above the channel - then a Flag Pattern Break out may push the stock to new high.
>>> PERFORMANCE <<<
>>> Click the image to see on full screen <<<
