Saturday, May 16, 2015

Weekly Review 18.05.2015

Dear All,

>>> We are on WhatsUp also <<<

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

Please send Message Only on Whatsup as per format given.

>>> Nifty Weekly Chart <<<

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

This entire week was full of volatile and ofcourse price managed to hold above 50wma and gave a green colored doji also. Looks like bulls are holding with strong foot till last week and looking for a recovery soon.

>>> Nifty Daily Chart <<<

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

Daily Chart gave us a confused signal as shown on above chart. Hence we need some confirmation for either side movement.

>>> Nifty Hourly Chart <<<

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

Looks like a bottom formation, after completing a Bullish Wolf Wave on Hourly chart. But, still we need confirmations like IHS Break out, MA's cross over etc., Lets wait for it.

>>> Bank Nifty Weekly Chart <<<

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

50 Week Moving Average on Hold. Hanging Man shows a possible break out from the falling wedge any time.

>>> Bank Nifty Daily Chart <<<

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

Price above 18110. Next Resistance 18645.

>>> ADANIENT <<<

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

We shorted at 705 again. Price made a Low of 670 with almost a Profit of Rs. 17500 only.

>>> ORIENTBANK <<<

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

We are long since 194 and we made some partial profit @ 204 with a Profit of Rs.20K. Next Target near 230.

>>> ASIANPAINT <<<

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

We are short from 800. Waiting for a good fall from here.

>>> Performance till 15th May, 2015 <<<

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

Kindly send email to niftyforall@yahoo.com for details of our services.