Nifty Weekly Charts showing Cup and Handel Formation

By | July 19, 2009

Hi All,

Nifty Weekly charts is showing a cup and handel formation which has a very strong impliceation.

Now for this formation in coming weeks nifty needs to correct to 3900-4000 levels.

Nifty weekly levels to be watched

Weekly Pivot 4228

Nifty will gane momentum once it crosses 4335 and can see 4470 4500 4550 4600 Levels

Support is at 4335-4350 levels once that is taken out 4285 4228 levesl on cards

Stock Specific

RIL buy only above 1969 if not crossed buy 1920 PE

ZEE can see 215-240 in coming weeks support at 174-78 Levels

Jp Associate buy in range 205-217 sl 192 tgt 235-40

Volats symmetrical trinagle breakout can see 140 149 levels sl 125

Regards,
Bramesh

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