Saturday, May 02, 2015

Weekly Review - 04.05.2015

Dear All,

>>> Nifty Weekly Chart <<<

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

50 Week Moving Average and Channel may support the Bulls this time also, as did earlier on 2nd wave.

>>> Nifty Daily Chart <<<

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

Above is a Bullish Wolf Wave on Nifty Daily Chart. I assume that the 5th wave downfall not yet over. Hence it may possibly test 8000 before a meaning full bounce. Lets us see more detail of it in Hourly chart also.

>>> Nifty Hourly Chart <<<

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

Obviously the price on the last leg of fall. Last friday 8145 gave a good support and next week if breaks that level may see one more fall as mentioned on chart.

>>> Bank Nifty Weekly Chart <<<

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

Last 5 Week Bank Nifty holding its support 17720 which is 50% retrace. Hence if 17720 breaks next week price may test 61.8% retrace or 50 Week Exponential Moving Average near 17050 to 17100.

>>> Bank Nifty Hourly Chart <<<

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

Hourly chart reveals a bit bullish picture. Seems to be on the edge of break out. 18420 or 50% retrace as shown on chart must cross for a healthy break out and rally.

>>> DLF <<<

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Done the First Target @ 135 with a Profit of Rs.16000/- and moving towards 140. Last friday made a high of 138.45.

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

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

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


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