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Saturday, November 17, 2012

Weekly Review - 19.11.2012


Lord Ayyappa, the son of Lord Shiva and Mohini (Lord Vishnu), symbolizes constructive destruction which is a combination of Vishnu (Creation) and Shiva (Destruction). He is considered the protector of the weak. He saves mankind from sickness, diseases, and miseries of the world and endows them with Jnana (knowledge) leading to spiritual liberation or Moksha.


Since he represents both creation and destruction, Ayyappa is Harihara Sutha and he helps his devotee to destroy all low negative tendencies and maintains the pure Sattwic nature in the seeker. He protects our spiritual wealth and power by maintaining the thought of Godliness and destroys all other thoughts pertaining to the worldly infatuations.


All along the ascent to the shrine, the devotee tries to maintain the one thought of the Lord. When such single-pointed concentration and meditation is maintained the Truth reveals itself to the seeker, which is symbolized by the Darshan of the Lord in the temple.


Dear All,

>>>NIFTY<<<


>Click the chart to see on full screen<

Last week was really a Bad day for me, as all my Stop Loss Hit. Also the Performance sheet sink into Negative figures.

So Now the counts also changed. Please verify the chart for details.

It seems like a 3rd Wave Extension and 4(c) corrective wave is going on.

Below 5526 Nifty can test its Next support 5448 to fill the Gap left.

If I am Not wrong, Nifty Wont break 5448 and should move up to new high like 5950 or even more.

Blog Readers who have took positions on Nifty as per my earlier charts should do the needful as per adjusted levels.

>>>BANK NIFTY<<<

>Click the chart to see on full screen<

Bank Nifty still on safe zone, as far as 11260 holds - as marked with red line on chart. If breaks shall touch 11100. Break below 11100 may fall another 200 Points as marked on chart.

11480 act as a Resistance, Break above shall continue to upmove.

>>SBIN<<

As Given Last Week below

>Click the chart to see on full screen<

Earlier Last Week I gave State Bank of India Chart that it may Reverse from 2138-40, instead the expectation went wrong and it broken its Crucial support line and confirmed the interim down trend.

>Click the chart to see on full screen<

As the Support Line got Broken, now its visible that A-B-C may get a little bit deeper to touch 1975 to 1950 for C wave corrective down.

>Click the chart to see on full screen<

Also above 15 Mins Chart shows a Possible Head and Shoulder Break down. AS per that shall fall upto 150 Points to touch 1975 or near.

>>> PANTALOON RETAIL <<<


Next Week is very Important for Retails Sectors like Pantaloon as there is a Discussion or even a No-Confidence Motion in the Winter Session of Parliament on November 22nd. Left, BJP and Mamtha getting ready to Oppose the FDI in Retail as DMK kept silence on the issue, increases the Heart beat. Market never likes suspense in Political Instability and so ???

So what does the Chart Says ??


>Click the chart to see on full screen<

Again a Same Case of Clear Head and Shoulder Broken down. If I am not wrong a clear fall of 22 to 25 Point down is awaiting on chart. Target shall be 165-166.

>> PERFORMANCE <<

>Click the image to see on full screen<

Cheers!!!