WEEKLY REPORT 18-10-10 to 22-10-10

WEEK

18-10-10 to 22-10-10

NIFTY RANGE

5900-6200

CRUCIAL

SUPPORT 5960 & RESISTANCE 6120

APPROACH

Stay sideways till stability

STRATEGY

Be Stock specific

MARKET TREND

We don’t think it’s a very trending market

MARKET OUTLOOK

'Undertone' of the Market, become un-clear

FACTORS

Q-2 Earning, Global cues & Fund Flow

IMPORTANT

Focus on individual stocks as the focus shifts to Q2 results

• OUT-LOOK:

power of charts 16 june2008

Last week nifty lost2.38 % and made new low of 4369.Last week nifty made 2-3 attempt intraday basic broking trendline but managed to closed above bull are still supporting on lower band .For coming week crossing above 4573 that break downward channel and we can see upmove 4739 zone .on weekly basic we had made hammer if tomorrow gap up opening on nifty and sustain it can test 4730-4758 . If it close below 4503 we can test 4443 – 4370 levels closing above 4639 it can touch 4700-4761 for this week key level 4503










Last week nifty lost2.38 % and made new low of 4369.Last week nifty made 2-3 attempt intraday basic broking trendline but managed to closed above bull are still supporting on lower band .For coming week crossing above 4573 that break downward channel and we can see upmove 4739 zone .on weekly basic we had made hammer if tomorrow gap up opening on nifty and sustain it can test 4730-4758 . If it close below 4503 we can test 4443 – 4370 levels closing above 4639 it can touch 4700-4761 for this week key level 4503








weekly still we are in range bound 4365 lower levels and 4950 upper strong resistances levels .closing below 4448 test of 4265 – 4030 .