Wednesday, February 12, 2014

6131 Resistance

Dear All,

Will DOW see another 1929 Crash Again :-


Yes the current chart of Dow along with 1929 looks similar. The chart superimposes the market’s recent performance on top of a plot of its gyrations in 1928 and 1929.

Dow over the last two months has continued to more or less closely follow the 1928-29 pattern outlined in that two-months-ago chart. If this correlation continues, the market faces a particularly rough period later this month and in early March.

>>> NIfty - As Updated on 05th Feb, 2014 <<<

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

We have a Buy call on Nifty from 6005 onwards. See what happened.

>>> Happened and Yet to <<<<

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

100 hma resisted. Nifty done 2nd Target. Now if 100hma able to hold and cross above may test 6131 resistance.

>>> Bank Nifty - As Updated on 05th Feb, 2014 <<<

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

Bank Nifty Crossed our Key Resistance 10321. We are long from 10,000 and 10200 onwards.

>>> Happened and Yet to <<<

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

Bank Nifty crossed 10321. If able to cross 100hma then more upside left. Minor break also seen on chart.

>>> CESC - As Updated Yesterday <<<

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

CESC wrote Yesterday about the possible fall - as it broken the Head and Shoulder. See what Happened.

>>> Happened and Yet to <<<
>>> Click the chart to see on full screen <<<

Yes, Good fall as expected. Made a Profit of 20,000. Expect more fall also.