Weekly Review - 22.09.2014

Dear All,

>>> Nifty - Daily Chart <<<

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

Above chart simply explains the possibilities of testing the lower end of the channel. So lets see what are the other possibilities on the hourly chart.

>>> Nifty - Hourly Chart <<<

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

Friday Nifty resisted at 8160, if unable to cross then high possibilities of drifting on the downside. Interim Supports like 8108, 8076, 8050 and 8024 - if breaks then danger ahead. Price may test 7935 and 7860.

>>> Bank Nifty - Hourly Chart <<<

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

Hope the above chart is very clear and readable. As per chart 16200 looks like a firm resistance. Bulls must cross over to avoid bear attack. Else possibilities of testing 15700 very high. Caution advised for aggressive longs.

>>> Last Week's Stock Performance <<<

>>> Andhra Bank <<<

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

>>> Biocon <<<

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

>>> Tata Steel <<<

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

>>> Rcom <<<

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

>>> Unitech <<<

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

>>> Hindustan Petroleum <<<

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

>>> Performance <<<

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

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