Stock Market Weekly View for the Period 26th August to 30th August2013.

Last one Month fall starting from 23^rd July, 2013 achieved its logical down target 5,400.on Nifty and aberration level 5,150 to 5,250 achieved on 22^nd August,2013. (This projection was done on 23^rd July2013 blog. Pl. refer to earlier blog starting from 23^rd July,2013 onwards attached herewith to get clear idea) On Nifty 850 points fall accurate projection credit goes to Technical Analysis subject.

Now let us turn to coming week. (Friday 23^rd August close on B.S.E. 18,519 & on N.S.E. 5,471)

From these levels on Nifty 5,250 / on B.S.E. 17, 759 Market is witnessing a weak bounce and its up target is on Nifty 5,500 to 5,550 and second target 5,650—5,750.

As per Fibonacci Time Cycle 26^{th &} 27^th August, 2013 is Imp. Turning date Here If Nifty is unable to cross 5,550 to 5,600 then Market may form top Time wise and Price wise and below 5,440 markets may drift  to 5,300 ---5,130 area. This is F&O expiry week so market may witness lots of volatility so Investors keep strict stop losses on their Buying and selling position. (Safer side trade on September series)

 Last week blog 19 to 23^rd August, 2013 one important statement is made .i.e

‘In this fall we must not forget “Joker in pack” i.e. Brent Crude and Dollar.’

Dollar already took its slice from 58 it shoot up to 65. Now another Joker is Brent crude.

Above 109 its bullish and its first Up target 114 and 120.leads to higher Inflation and widen Current Account Deficit Gap. (Pl. refer to 28^th July2013 blog “ Economic reasons”)

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Disclaimer:- This Market view is given for M.B.A.Finance Students. Any Market buying or selling is done on basis of this write up and if there is any loss. Neither this Blog (write up) nor Ashish Thakur is held responsible for same. Pl. Note. Before taking any Buying or Selling position Pl. consult to your Financial Advisor.