Stock Tips And Nifty Tips For 26/08/2013

NIFTY OUTLOOK FOR 26/08/2013

NIFTY RECOVER A LOT AND SEE A WEEKLY

CLOSE AT 5471. LAST WEEK CLOSE WAS 5507.

USD/INR MADE NEW BOTTOM AT 65.56.

ON FRIDAY CLOSES AT 64.07.

AS EXPECTED COMEX GOLD STARTED TO RALLY.

FRIDAY CLOSES AT 1397.

HOPE ARE HERE THAT RUPEE WILL GET

STRONG IN THIS WEEK.

THE TECHNICALS AS FOLLOWS,

THE WAVE STARTED FROM THE LOW 4770

ON 04/06/2012, RALLY 1459 POINTS

AND MADE HIGH AT 6229 ON 20/05/2013.

NOW THE CORRECTION WAVE FOR ABOVE

RALLY YESTERDAY COMPLETED 61.8% TARGET

901POINTS AT 53 27. WEEKLY LOW IS 5254.

AS NIFTY CLOSE WELL ABOVE 5400.

NIFTY MAY RECOVER FROM THIS 5266-5333

LEVEL.

ON THE UP SIDE,

A CLOSE ABOVE 5533 CAN BRING

MORE BULLS AND MORE GREEN.

STILL BEARS ARE HERE. THEY WILL GET

ACTIVE IF NIFTY CLOSE BELOW 5400.

Posted in: Indian Market Tips