Saturday, December 21, 2013

Weekly Review 23.12.2013

Dear All,

>>> Nifty - Alternative - 1 - Bearish View - As given last weekly Review <<<

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


Above chart was updated last week as Bearish View on Nifty. As said this week nifty took support at 6126 or 78.6% retrace. Lets see what's next.

>>> Happened and Yet to <<<

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


The current upmove may be a corrective upmove for wave (ii) as a-b-c. So the resistance like 6285, 6322 and 6368 may act as a resistance for bulls. Unable to cross these levels may trigger a severe sell of for wave (iii) on the downside.

>>> Nifty - Alternative - 2 - Bullish View - As give last weekly review <<<

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

Above chart was updated last week as Bullish view on Nifty. Since nifty took support at 6127 no need arises for the support 6067.

>>> Nifty - As Updated on 18th Dec, 2013 <<<

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

Yes we are Long since the RBI day. Lets see whats next ...

>>> Happened and yet to <<<

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

Previous fall marked as Wave (ii) looks sticky and complicated and if that is right then upmove for (iii) rd wave should help the bulls next week.

>>> Bank Nifty - As Updated Last Weekly Review <<<

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Wrote last week 200 dma is a support along with channel.

>>> Happened and Yet to <<<

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

Two alternatives discussed on same chart. Unlike last week update, this week included bullish count also. In case channel at 11040 and 200 dma holds then it should be understood that Wave C of B should start on the upper side.

Possible upper side targets as given on chart shall be 11726, 12143, 12480 and 12816. Interesting chart. Lets see.

>>> Chart Busters of the Week <<<

>>> ARVIND - As Updated on 16th Dec, 2013 <<<


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

>>> Happened on 17th dec, 2013 <<<

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All Targets done on Arvind. Excellent Profit.

>>> BHEL <<<

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

We did an excellent Profit in BHEL also, More upmove also coming next week.

>>> CIPLA <<<

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

Cipla first target met and more upside left.

>>> MISSED CALLS <<<

>>> ZEEL <<<

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

ZEEL hit SL. Loss 10,000.

>>> ORIENTBANK <<<

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

Orient Bank Hit SL with a Loss of Rs.6000.

>>> PERFORMANCE <<<

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

For queries email to us on niftyforall@yahoo.com