NiftyforAll: Weekly Review 27.10.2014

Friday, October 24, 2014

Weekly Review 27.10.2014

Dear All,

>>> Nifty - Daily - As posted last weekly review <<<

Wrote Last week the importance of 100dma & Support - 1 for bulls. See what happened.

>>> Nifty - Daily - Happened and Yet to <<<

As expected relief rally happened last week. Though We don't expect it to continue, as it can be a throw back. So lets see in details what's next on hourly chart.

>>> Nifty - Hourly - As posted last weekly review <<<

Wrote Last weekly Review - If the Wedge bottom holds then expect a rally as given on chart. See what happened.

>>> Nifty - Hourly - Happened and Yet to <<<

Yes, All our Target Achieved and made a high of 8030. So now 8030 looks as a strong resistance. If unable to cross above and break below the raising wedge may trigger a sell off. Caution advised. Yes we have shorted too.

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

Last week wrote - Relief rally ON since price was above 100 dma. As said rally continues and lets see whats next ???

>>> Bank Nifty - Happened and Yet to <<<

Bulls need to cross the Resistance Trend line as shown on chart to move further Up. But the present rally should be a throw back rally, as it already broken the trend line. If this chart is not wrong, then expect some fast sell off in coming days. Yes we are in short mode in bank nifty also. Lets See.

>>> Bank Nifty - Hourly - As Posted on Last Weekly Review <<<

Wrote Last Week - Bank Nifty was a Break out Candidate. See what happened.

>>> Bank Nifty - Hourly - As Posted on 20th Oct, 2014 <<<

Yes we made 390 Points and wrote about next resistance too. See what happened.

>>> Bank Nifty - Hourly - Happened and Yet to <<<

Resisted at 161.8% - If unable to cross above then expect a fall. Just Sell. We are in Short on Bank Nifty also.

>>> Last Week Chart Performance <<<

>>> Tata Power - As Posted Last Weekly Review <<<

Wrote last week to Buy Tata Power - See what happened.

>>> Tata Power - happened <<<

Earlier we had an exit with a loss of Rs.16000 (ref Performance Sheet), has been recovered by the second entry with a profit of Rs.20,000. Now 87 SL looks important and there is a minor break down. Lets See.

>>> Arvind - As Posted on 21st Oct, 2014 <<<