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Friday 7 October 2011

Indices Weekly Updates - Kedar K Murdeshwar

8th October 2011,Saturday

CNX 500 (3913.95): There is a Hammer Formation on the weekly chart Indicating that the Index can move up in the coming week,

CNX Bank (9038.25)/;The index was drastically down this week but recovered a lot later in the week.

CNX Energy (7707.25):On the weekly chart has made a higher bottom but a lower top and a lower close.

CNX FMCG (9896.65): Same case of Lower top and Higher Bottom.

CNX IT ( 5640.95):Made a sort of Harami Pattern

CNX Infra (2558.90): Doji pattern on the weekly chart

CNX Junior Nifty (9518.90):Looks highly bearish

CNX MNC (4610.50): Missed its Hammer pattern because of a small shadow at the top.

CNX Midcap (6894.15):Extremely Bearish

CNX PSE (3028.25):Formation similar to a spinning Bottom on the weekly chart

CNX PSU Bank (3020.40):Extremely Bearish

CNX Reality (234.60): Was Bearish but recovered a lot.may be positive next week



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