Monday, October 06, 2014

Weekly Review - 07.10.2014

Dear All,

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

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

As wrote last week, Nifty still holding the trend line. Last week we had just a 3 days of trading, ended without any major change on nifty. Lets see whats next.

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

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

Trend line and 50 dma Looks important. Break and close below these levels may confirm bearishness. Else upmove to continue. Lets See in detail on Hourly chart also.

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

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

Last Week mentioned that, if nifty able to hold above the pitchfork middle line - then upmove to continue. As expected we booked some part profit near 8020, as we initiated a buy near 7920. So whats next.

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

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

Nifty looks like a consolidation mode, for sub wave 2 as a-b-c. 7914 and 7882 may give support, form where we may see a good bounce.

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

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

Bank Nifty - wrote last week as wave 2 completed as abc. We had some alternative count this week along with earlier one. Lets See.

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

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

Some alternative counts included, with Support as shown on above chart - if doesn't breaks then a bounce possible.

>>> DLF <<<

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

Channel Support - If Holds - Just buy for upmove.

>>> Performance - for the month ended for Sep, 2014 <<<<

>>> click the image to see on full screen <<<

email us on niftyforall@yahoo.com for details.