weekly report & view

This week nifty down trend start from Monday

361 point fall in nifty in one day.H&S

pattern confirm this week in daily chart I tell in my 29-6-09 post think about it ,I think that there is more down side in nifty the S1- 3823-3888
S2-3603- 3491

DAILY CHART

In daily chart RSI break the center line & goes to over sold zone ,MACD also cross down the center line , both indicator show the more weakness in nifty in near term s1- 3823 s-2 3575 .

WEEKLY CHART

In weekly chart RSI trade above 50 but it goes down to cross the line ,MACD divergence is cooling down after some day it turned -ve ,so it clearly indicate that weak ness continue in coming weeks s1-3861 s23605.

MONTHLY CHART

In monthly chart RSI trade above 50 but turning down, MACD is also shows +ve divergence, If nifty trend -ve in coming weeks the monthly also turned -ve .

OVER ALL

Nifty weak in short term 3823-3888 &3491-3603 is best level to buy.

HAVE A GOOD WEEK