>>> Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
Price almost filled the gap left above. As we mentioned last week - Price moving as A-B-C wave. Next week, any cross above 8230 may trigger a fresh rally and short covering. Provided, if filed to cross may trigger a fresh sell off. Next Week is highly crucial for both bulls and Bears.
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Wave A = Wave C. Wave C almost rallied 540 Points. Next week if the upper channel is crossed, Expect a Fresh Rally. Else Bears may re-enter.
>>> Bank Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
After 50 BPS rate cut from RBI - there is no major movement seen on bank nifty so far. Since all the banks are struggling with their NPA and Cost of funds, might have a negative effect on their balance sheet. Most of the PSU banks are still struggling at their lower price range.
As per above chart - technically price almost filled the gap left as shown on chart, now struggling to move ahead. 50 and 100 DMA - Price should cross above for a healthy rally.
>>> Bank Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Hope above chart is easy to understand by its move and pattern. If the Price unable to cross above the channel top - expect to test the support at the bottom of the channel.
>>> Siemens - As Posted on Last Weekly Review <<<
>>> Click the chart to see on full screen <<<
Have posted on Last Weekly Review - about SIEMENS - Possible correction on card. See what happened.
>>> SIEMENS - Happened <<<
>>> Click the chart to see on full screen <<<
We are still holding our short and expecting a correction soon.
>>> LICHSGFIN <<<
>>> Click the chart to see on full screen <<<
Explained on above chart - how the price traveled so far - as ABC Upmove. So expect some correction if the price breaks the support. We have short position in the above mentioned stock. Lets See. Cheers!!!
