Sunday, April 26, 2015

Weekly Review - 27.04.2015

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>>> Nifty Daily Chart - Bullish Alternative <<<

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

As per Bullish view, 4th wave looks almost ended or Nearing to end. Either 200 Day Moving Average or Channel Line may support the Bulls for a recovery. Bad News Like Tax Row, Land Bill, Results outcome and rainfall may suddenly change in favourable of bulls.

>>> Nifty Daily Chart - Bearish Alternative <<<

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

Bearish Alternative looks very scary. Price on a Important Juncture of 23.6% retrace or 8273, if breaks and closes below this support, Fall can be very nasty. 7826 or 7464 can be the next level for the bears. No doubt investors and traders going to loose their confidence and stocks may see a bloody hell on bears fight on Blood.

>>> Nifty 5 Mins Chart <<<

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

Earlier Resistance 8504 helped bear to take blood out of nifty. If the above counts are not wrong, then Price nearing to end sub wave 3 for a relief rally for sub wave 4.

>>> Bank Nifty Daily Chart <<<

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

17720 or 17765 - Bank Nifty almost done its 50% correction, If this support breaks then price to touch the next level 17043.

>>> Bank Nifty Hourly Chart <<<

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

If the Support on Price and RSI holds as shown above, Expect a Relief rally.

>>> Performance till 24th April, 2015 <<<

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

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