Saturday, April 04, 2015

Weekly Review 06.04.2015

Dear All,

Data's Pending for Next Week :-

The data on Services PMI is due on Monday, while investors will closely watch the Reserve Bank of India's monetary policy review on April 7.

Further, February IIP data will be released on 10 April. On global front, FOMC minutes and US jobless claims will be in focus.

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

>>> click the chart to see on full screen <<<
It was a clear message on last weekly review - as the trend line should give support for the bulls.

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

>>> click the chart to see on full screen <<<
We are long in Nifty since 8450. Almost 8600 or First Resistance 8594 done. Holding for next two resistance 8694 and 8794.

>>> Nifty Hourly Chart <<<

>>> click the chart to see on full screen <<<
Clearly Explained how 100 Hour Moving Average plays an important roll so far. Hence a cross above this may result in a healthy rally.

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

>>> click the chart to see on full screen <<<
Its a Pipe formation candle formation, posted on last weekly review. See what happened next ???

>>> Bank Nifty Daily - Happened <<<

>>> click the chart to see on full screen <<<
We are long since 18000. Almost 600 Pts Profit and expecting a more rally next week also.

>>> Bank Nifty Hourly Chart <<<

>>> click the chart to see on full screen <<<
Watch out for the 100 HMA and Key resistance @ 18800 and 19130 on the upper side.

>>> ITC - Hourly Chart <<<

>>> click the chart to see on full screen <<<
Break out on Hourly Chart. More rally likely. Cheers!!!

>>> Performance for the month end of March, 2015 <<<

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