>>> Nifty - Monthly Chart - As Posted on Last Weekly Review <<<
>>> Click the chart to see on full screen <<<
Just wanna remind you what we have posted last week about Nifty ?. When all Channels and media's are talking about nifty with a Target of more than 1 Lakh plus after 10 or 15 Years - Praising PM - Modi's Effort will push Nifty to new high - I don't think it wont help for a trader like us - who trade to book profit next week or next month or even an investor who take a call for 1 to 2 Year.
We need to look in to market which will give us a result next day / next week or next month. So lets move ahead with chart and nothing else.
Last Week I wrote - 8617 or near by shall be an interim top, Advised every one to stay caution.
Though nifty had a very choppy week - Made a high of 8627 and made a low of 8505, Moved inside a range of just 120 pts. Looks like Nifty waiting for some thing else.
I am sure that many have confused with Nifty movement and might have incurred loss heavily in this upmoving market than a bear market crash.
Many midcap stocks have started correcting - mean while nifty continue to keep holding on the top, Means some heavy players are on distribution phase, while retailers are still buying. So what will happen once their distribution completes.
So Stay caution - If you are not a short trader - atleast take care of your long.
>>> Nifty - Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Hourly chart - Shows how clearly price trading below the trend line - Final leg was moved as a-e. Clear sign from Bear. Stay caution - next week.
>>> Bank Nifty - Daily Chart <<<
>>> Click the chart to see on full screen <<<
Final Leg retraced exactly 50%. If unable to cross above it next week may trigger a heavy sell off. Cross above it may move towards 61.8% retrace as shown on chart.
>>> Bank Nifty - Hourly Chart <<<
>>> Click the chart to see on full screen <<<
First bear signal - Price and RSI broken down on Hourly chart. Lets see how its going to work on Next Week.
>>> Weekly Stock Charts <<<
>>> ASHOK LEYLAND <<<
>>> Click the chart to see on full screen <<<
Yes we are on short again form 55 level. Earlier we have booked our short @ 50 level and this week shorted again @ 55. Expect some good fall from here onwards.
>>> ICICI BANK - As Posted on 04th Nov, 2014 <<<
>>> Click the chart to see on full screen <<<
04th Nov, Wrote - ICICI bank might have completed its 1-5 wave upmove. Lets see whats next
>>> ICICI BANK - Happened and Yet to <<<
>>> Click the chart to see on full screen <<<
Watch out for the two supports given on chart. If breaks then Fall to continue.
>>> Biocon <<<
>>> Click the chart to see on full screen <<<
Keep Selling on every rise - Free Fall to continue if unable to cross above 475 level.
Send Your Queries to niftyforall@yahoo.com for Details
