Sunday, October 19, 2014

Weekly Review - 13.10.2014

Dear All,

>>> Nifty Daily - Chart <<<

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

Price holding 100dma, inside the Wedge, above 7750, So expect relief rally. So whats the target???, Lets see it on Hourly chart in detail.

>>> Nifty Hourly - Chart <<<

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

Yes Nifty heading towards 7830, 7900 and 7950, But price should hold the wedge bottom as shown on chart.

>>> Bank Nifty - Daily - Chart <<<

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

Broken the trend line, hence trend remain down, and presently trading above 100dma. So a relief (pull back) rally possible. Lets see what's next. Lets see it on Hourly chart.

>>> Bank Nifty - Hourly - Chart <<<

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

Yes 16000 and 16150 on card. And also we are long in Bank Nifty too.

Weekly Stock Pick :-

>>> Tata Power <<<

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

Tata Power broken out of the falling wedge. MACD on a positive divergence. Just Buy for rally.

>>> Performance <<<

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

Email to us on niftyforall@yahoo.com for details.