Saturday, October 03, 2015

Weekly Review - 05.10.2015

Dear All,

>>> Nifty Hourly Chart <<<

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

Above Hourly Chart - Explained with Time and Price Zone...
As per ... Key Resistance 8008-21, Cross above may trigger a Rally and Short Covering till 8208.
Unable to cross may trigger a Sell Off and Fall till Previous low 7690 or even below.

>>> Bank Nifty Hourly Chart <<<

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

Again Bank Nifty Hourly Chart - Explained with Time and Prize Zone.
Key Resistance 17430-460 - If crosses then - Rally and Short Covering till 17825.
Else - Sell off till 16550 or even below.

>>> SIEMENS - As Posted on 28th Sep, 2015 <<<

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

Posted the above chart on 28th Sep, 2015 - for a possible correction. See what happened.

>>> SIEMENS - Happened <<<

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

Stock made a low of 1250 and bounced till 1355. As per above chart, I assume that the rally might have completed as 1-5 for wave C. Hence Price may face a resistance at 1355, If so expect a correction next week. We are holding our short still.

>>> ARVIND - Posted on 22nd Sep, 2015 <<<

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

Posted on 22nd Sep, 2015 - Stock may face some correction. See what happened

>>> ARVIND - Happened <<<

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

As mentioned earlier - We are still on Short. As per above chart - If price breaks the Channel support - Expect a free fall again. Cheers!!!

>>> PERFORMANCE for the month end of 30th Sep, 2015 <<<

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

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