Weekly Review 31-10

Weekly Charts giving indication of Target 7770.

Daily Charts.


Nifty may take support at 50 DMA, If fails big fall continue...than SALE SALE SALE...

29-10

28-10

27-10

26-10

23-10

21-10

Price out of the wedge. Today's late recovery might be an throw back. Price need to break below 50 HMA

to confirm the down trend, if holds, expect price to reverse once again to test the previous high or even above

20-10

19-10

16-10

Friday price made a U turn from 8150 or the channel support as shown on above chart.
Hence forth, it may be an 1-5 upmove - and may test the wedge top as shown on chart.

15-10

Choppy Volatile till it breaks and closed below these two support levels. Till then no direction. Lets wait for it. Cheers!!!

Watch 60 SMA -  Support or Break....???

As per chart its clear Down Trend, But good IIP Data will give Gap-Up Opening, But have patience, and watch the levels, as per below charts.

Sell on Every Rise...with  8230 as SL,  If Close above 8230 Next Target will be 8350+

but as per following Chart and If Count is right... Big fall scheduled in coming days.