Jump to content

Nifty weekly forecast


srini

Recommended Posts

  • 2 weeks later...

Bullish Inverted H & S On Weekly Chart & Ascending Triangle on Monthly Chart .... If it crosses 6135.00 One Breakout will Lead to Another & Bull Market would be on the Way ....

 

But in case Breakout Fails it would be Failure of Two Large Patterns on Higher Timeframes, Hence either way Approx 800 Points Move is Expected

Link to comment
Share on other sites

  • 2 weeks later...
Apology, it was typo error, it is actually a trailing stop loss(SL), apart from gold i am also posting silver,crude oil,forex,commodities,indian nifty,bank nifty for free since i cannot post everything i've given a link to my post to view the forecasts from here....
Link to comment
Share on other sites

NIFTY WEEKLY FORECAST Oct 28th - 1st Nov 2013

 

Technical View :: NIFTY

 

In the week just gone by Nifty made a high of 6252.45 breaking previous SWING HIGH of 6229.45 made on 20th May 2013 which is a 52 week high.This confirmation may take Nifty to all time high levels of 6300-6500 levels indicating that Primary Trend is Up and as long as NIFTY do not break 5960 levels on the downside in the short term(3-4 weeks) time and reverse thereon. so expect very sharp moves to happen in the next one month or so from hereon. Coming to the current(Oct 28th - 1st Nov 2013) week nifty is likely to be weak and recover in the later half of the week. Historically NIFTY made highs of 6334 on Nov 8th 2010 and 6357 on January 2008 respectively before sliding down. So we may expect similar kind of move to happen this time too. As pointed out in the last week NIFTY weekly forecast NIFTY corrected to 6100-6150 levels and hovering around the same levels since then waiting for RBI policy announcement tomorrow.

 

- See more at: http://shrinnevaasweeklyforecast.blogspot.in/search?updated-max=2013-10-27T22:00:00-07:00&max-results=1#sthash.biLhds1H.dpuf

Link to comment
Share on other sites

NIFTY MONTHLY FORECAST for NOVEMBER 2013

 

Technical View :: NIFTY

 

NIFTY on edge of new high led by banks,NIFTY within a striking distance of all time high. The Sensex ended at a new closing high, led by a rally in bank shares.

 

NIFTY targets for the month of NOVEMBER 2013 are 6390/6442/6531/6603/6674. Expect some sharp corrections to downside from 2nd Half of November Month.

 

 

 

Few Monthly Picks in Equities segment with targets are follows :-

 

NIFTY BUY 6390/6442/6531/6603/6674

 

BANK NIFTY BUY 11762/11928/12210/12438/12665

 

SBI BUY 1831 /1850 /1884/1911/1938

 

ICICI BANK BUY 1157/1179/1214/1243/1272

 

IDFC BUY 108/110 /112 /114 /117

 

AXIS BANK BUY 1259 /1281/1317/1346/1376

 

TATA MOTORS BUY 390 /396 /405 /412 /420

 

BHARTI AIRTEL BUY 376 /381 /397/405

 

ASIAN PAINTS BUY 553/560/574/584/595

 

 

As predicted in my previous forecasts, now NIFTY is at a threshold of All Time Highs.

Link to comment
Share on other sites

  • 4 weeks later...

NIFTY WEEKLY FORECAST NOV 25th - 29 th 2013

In the week just gone by NIFTY made a HIGH of 6212.40 & LOW of 5972.80 could not sustain 6212 level and fell sharply to 6000 levels during the end of the week. Coming week NIFTY is likely to be volatile and may slide down to 5800-5850 levels with a strong support at 5903-5938 levels we may expect some recovery to the upside during later half of the week if NIFTY can find support at 5800-5850 levels.

 

 

Please visit the blog for NIFTY weekly update

 

http://shrinnevaasweeklyforecast.blogspot.com

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...