Wednesday, August 31, 2016

Support @ 8750 & 8720

Dear All,

>>> Nifty Hourly Chart <<<

>>> click the chart to see on full screen <<<

8750 & 8720 acts as a good support. Cheers!!!

Tuesday, August 30, 2016

Must Cross 8750 for 8805 & 8875

Dear All,

>>> Nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<

Price need to hold above 8750 for fresh rally. Cheers!!!

Monday, August 29, 2016

Support @ 8540 & 8490

Dear All,

>>> Nifty Daily Chart <<<

>>> Click the chart to see on full screen <<<

Price tested the trend line and made a bounce back. So 8540 & 8490 must break for a correction, Till then market may remain volatile again.

>>> Bank Nifty Hourly Chart - Posted on Weekly Chart <<<

>>> Click the chart to see on full screen <<<

Wrote on Weekly Review - BN support @ 19130 & 19030.

>>> Bank Nifty Hourly Chart - Happened <<<

>>> Click the chart to see on full screen <<<

100 Hma - Supported bulls and 19130 and 19030 continue remain as a good support. Cheers!!!

Sunday, August 28, 2016

Weekly Review - 29th August, 2016

Dear All,


The case for raising US interest rates has strengthened in recent months because of improvements in the labour market and expectations for moderate economic growth, Federal Reserve Chair Janet Yellen said on Friday.

Yellen did not indicate when the US central bank might raise rates, but her comments reinforced the view that such a move could come later this year. The Fed has policy meetings scheduled in September, November and December.

Speaking at a three-day international gathering of central bankers in Jackson Hole, Wyoming, Yellen said the “US economy was nearing the Federal Reserve’s statutory goals of maximum employment and price stability.”

“In light of the continued solid performance of the labour market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months,” Yellen said in prepared remarks.

She added that the Fed still thinks future rate increases should be “gradual.”

The Fed raised rates in December, its first hike in nearly a decade, but it has held off further increases so far this year due to a global growth slowdown, financial market volatility and generally tepid US inflation data.

Investors currently see an 18% probability the Fed will raise rates at its September policy meeting and a 53% chance of an increase in December, according to CME Group’s FedWatch tool.


India’s 10-year sovereign notes completed their first weekly drop in three weeks as Urjit Patel’s appointment as the next Reserve Bank of India (RBI) governor dashed speculation that monetary policy will be eased aggressively.

Bonds had rallied since June after RBI governor Raghuram Rajan’s announcement that he will step down when his term ends in early September sparked speculation his successor will be more willing to lower policy rates. Patel’s elevation from deputy governor disappointed some investors because he had burnished his inflation-fighting credentials by advocating consumer-price targeting and the formation of an independent monetary policy panel.

“There is a bit of disappointment in the bond market after the government named Patel to head the central bank,” said Bhupesh Bameta, head of research for currencies and rates at Edelweiss Financial Services Ltd in Mumbai.

The yield on the 10-year debt rose three basis points this week, the biggest increase since 26 February, to 7.13% in Mumbai, according to data from the central bank’s trading system. It jumped six basis points on Monday after the government named Patel as Rajan’s successor over the weekend. It rose one basis point Friday.

Bonds had rallied after Rajan’s 18 June announcement that he will return to academia, pushing the benchmark 10-year yield to 7.08% on 11 August, the lowest since September 2009.

>>> Nifty Weekly Chart <<<

>>> Click the chart to see on full screen <<<

Clear sign of bear visible on Weekly Chart. RSI broken down and Price unable to cross above 8720 for last 3 week. Caution advised.

>>> Nifty Daily Chart <<<

>>> Click the chart to see on full screen <<<

Price must follow the RSI to break the trend or support line.

>>> Nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<

Price inside a small range for last two and half month - must either breaks above or break below the channel to confirm the trend.

>>> Bank Nifty Daily Chart <<<

>>> Click the chart to see on full screen <<<

Daily BN shows - 19150 is a good support.

>>> Bank Nifty - Hourly Chart <<<

>>> Click the chart to see on full screen <<<

19130 and 19030 - Should hold for an UPmove. If breaks then Fall to start.

>>> AsianPaints - Posted on 18th Aug, 2016 <<<

>>> Click the chart to see on full screen <<<

Above chart posted as a follow up on 18th Aug, 2016 - as a possible chances of correction and advised to hold short. See what happened.

>>> Asian Paints - Profit Booked Rs.20,400 <<<

>>> Click the chart to see on full screen <<<

We have booked Profit near 1104 with Rs.20,400/- As per above chart, If price break again the trend line, Fall can again resume.

>>> HDFC - Hourly Chart <<<

>>> Click the chart to see on full screen <<<

We have shorted - expecting a good correction.

>>> Performance till 26th August, 2016 <<<

>>> Click the image to see on full screen <<<

Above performance is not a Promise or guarantee for the given Profits or Loss. Performance given based on 1 lot at a time and clients Profit differ as per the margin availability and Number of Lots taken by them. We may or may not re-enter the Calls given here hit Stop Loss, as per market movement. The charts given above are just for educational purpose only and we don't recommend any Entry / Buy or Exit / Sell. Reader must taken their own decision or consult their qualified Analyst before making any decision

Thursday, August 25, 2016

Support @ 8580-85

Dear All,

>>> Nifty Daily Chart <<<

>>> Click the chart to see on full screen <<<

8580-80 if breaks - Price may test the trend line. If breaks the trend line - More fall likely. Lets Wait and See. Cheers!!!

Wednesday, August 24, 2016

Will Expiry End this Volatile

Dear All,

>>> Nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<

Its almost moving inside a small range with lot of volatile and high choppiness. Lets hope this expiry will end this and break either levels to confirm the trend.

Monday, August 22, 2016

8650 & 8685 - Resistance

Dear All,

>>> Nifty Hourly Chart - Posted on Weekly Review <<<

>>> Click the chart to see on full screen <<<<

Wrote on Weekly Review - about the importance of the trend line on hourly chart.

>>> Nifty hourly Chart - Happened <<<

>>> Click the chart to see on full screen <<<<

Price broken a 3 month old support or trend line, Price if breaks next support levels like 8580,8540 & 8520 - Bear may take full control.

>>> Bank Nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<<

Price should get support @ 19250,19130 & 19030 for next level of rally. Resistance @ 19440 & 19490. Cheers!!!

Sunday, August 21, 2016

Weekly Review - 22nd August, 2016

Dear All,

August F&O expiry: Investors are advised to tread with caution as the market is likely to turn volatile in the coming week amid the expiry of August series derivative contracts, as traders roll over positions to the September series.

Urjit Patel new RBI Governor: The government late Saturday announced the appointment of Urjit Patel, the current Deputy Governor of RBI, to take over the reins of RBI from Raghuram Rajan, when the later ends his term on September 4.

Fed Meeting :- All eyes will be on Janet Yellen speech in the upcoming Jackson Hole symposium on Friday. The minutes from the July 26-27 policy meeting showed that rate-setters were split over the necessity of tightening policy soon.

A recent batch of strong US employment data fuelled expectations that the central bank could raise policy rates in September, however, a clarity is something which is still missing amid mixed views from policy makers. Yellen, though, is likely to reassure market participants across the globe of a slower pace of rate increase.

>>> Nifty Weekly Chart <<<

>>> Click the chart to see on full screen <<<

A Doji followed by a hanging man, can be a reversal of bearish trend created by hanging man previous week. Volatile and Choppiness to continue, until a clear confirmation on either side.

>>> Nifty Daily Chart <<<

>>> Click the chart to see on full screen <<<

8720 and 8685 play an important resistance on Daily chart.

>>> Nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<

Hourly chart - shows Bears giving a danger signal. Break below the trend line may trigger a big or good sell off any time. 8720 and 8685 may resist Bulls.

>>> Bank Nifty Daily Chart <<<

>>> Click the chart to see on full screen <<<

After breaking 19150 price made a DOJI on the top of the chart, hope there can be a bit consolidation too.

>>> Bank Nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<

19480-90 may resist bank nifty.



Thursday, August 18, 2016

8685 > Above Upmove

Dear All,

>>> Nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<

Price if crosses 8685 - may possibly test 8720 and 8750 soon.

>>> Bank Nifty - Posted on 16th Aug, 2016 <<<

>>> Click the chart to see on full screen <<<

Have mentioned 19150 as an important resistance. See what happened today.

>>> Bank Nifty Hourly Chart - Happened <<<

>>> Click the chart to see on full screen <<<

We have exited our short above 19150 and price test 19367-70 Level.

>>> Asian Paints - As Posted on 10th Aug, 2016 <<<

>>> Click the chart to see on full screen <<<

Have wrote on 10th Aug, 2016, Asian Paint may correct. See what happened.

>>> Asian Paints - Happened - More Correction Possible <<<

>>> Click the chart to see on full screen <<<

RSI and MA's - almost confirmed the Correction. Lets Wait and See. Cheers!!!

Wednesday, August 17, 2016

Support @ 8600 - 8580 - 8560 & 8520

Dear All,

>>> Nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<

8600 Holding for last two days. Lets wait and watch for next support 8580 / 8560 & 8520. Else 8685 or 8720 should cross for Strength.

Tuesday, August 16, 2016

Resistance @ 8685. Support @ 8560 & 8540

Dear All,

>>> Nifty Hourly Chart <<<

>>> click the chart to see on full screen <<<

Price Resisted @ 8685 and Should watch Support @ 8560 & 8540 Levels.

>>> Bank Nifty Hourly Chart <<<

>>> click the chart to see on full screen <<<

Price above the channel - Must break above 19150 for a meaningful rally. Cheers!!!

Sunday, August 14, 2016

Weekly Review 16th August, 2016

Dear All,


Inflation and industrial production data:- The market will react to July inflation data as well as industrial output data for June, which came after market hours on Friday. Consumer price inflation rose at the faster-than-expected pace to 6.07 per cent in July, up from 5.77 per cent in June, government data showed on Friday. India's industrial output rose 2.1 per cent in June from a year earlier, driven by consumer durables and electricity production.

Minutes of July US Fed policy meet:- Market participants across the globe will keep a close eye on the minutes of the July policy meet of the US Fed, which will be released on August 17, Wednesday.

The minutes of the Fed's July policy meeting may come under scrutiny given that the central bank has only one opportunity left at its meeting next meeting to raise rates before the November presidential election, said a media report.

In July, the US Fed left key benchmark policy rates unchanged at 0.2 per cent while saying that the 'near-term risks' to the economy have diminished.

WPI Inflation:- India's wholesale price index-based (WPI-based) inflation, which accelerated in June from the previous month, will be in focus. The index touched a 20-month high last month as prices of fruits, vegetables and cereals continued to rise.

Data released by the Department of Industrial Policy and Promotion showed that WPI-based inflation quickened to 1.62 per cent in June from 0.79 per cent recorded in the month of May.


>>> Nifty Weekly Chart <<<

>>> Click the chart to see on full screen <<<

Weekly Chart on Nifty shows a Second time Hanging Man on the top of the channel. Bulls having lot of strength to move up the price, as RSI also gave a Break out from trend line. Lot of positive sentiments and FII's continue to remain on the BUY Side. Only a Strong Sell off or a Big Bad News can Revert the Market, Until then Bulls may remain with its upper hand.

>>> Nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<

Price of Nifty Hourly Chart - Inside a Expanding like triangle. If 8685 Crosses, may test 8750.

>>> Bank Nifty Weekly Chart <<<

>>> Click the chart to see on full screen <<<

Last two weeks its a Clear Hanging man on the top and continuously last 5 weeks unable to cross above 19150.

>>> Bank Nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<

Unlike Weekly Chart of BN - Hourly give a different picture. Price if breaks above the channel as shown on chart - Expect some short covering and rally too.

>>> SBIN - Posted Last Weekly Review <<<

>>> Click the chart to see on full screen <<<

Last Weekly Review - Wrote 235.50 as a Key Resistance - Price crossed and We exited our Shorts with Loss. So what's Next ?

>>> SBIN - Follow Up <<<

>>> Click the chart to see on full screen <<<

After results declared on friday - Price continue to raise in the wedge as shown above. Price needs to test 254 resistance or top of the channel. If crosses above the channel - Price may give a fresh rally also. We may or may not enter either short or long again as per movement.

>>> CENTURYTEX - Posted on 09th Aug, 2016 <<<

>>> Click the chart to see on full screen <<<

Wrote - CenturyTex may have a correction soon.

>>> CENTURYTEX - Booked Profit Rs.44000/- <<<

>>> Click the chart to see on full screen <<<

Booked Profit Rs.44000/-

>>> ASIANPAINT - Hold Shorts <<<

>>> Click the chart to see on full screen <<<

Holding the short.

>>> Performance till 12th Aug, 2016 <<<

>>> Click the chart to see on full screen <<<

Above performance is not a Promise or guarantee for the given Profits or Loss. Performance given based on 1 lot at a time and clients Profit differ as per the margin availability and Number of Lots taken by them. We may or may not re-enter the Calls given here hit Stop Loss, as per market movement. The charts given above are just for educational purpose only and we don't recommend any Entry / Buy or Exit / Sell. Reader must taken their own decision or consult their qualified Analyst before making any decision.

Thursday, August 11, 2016

Support @ 8540 & 8520

Dear All,

>>> Nifty Daily Chart <<<

>>> Click the chart to see on full screen <<<

Price and RSI broken their Key Support Line on Daily Chart. Stay caution.

>>> Nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<

Today - Price took support @ 8540 - Must hold 8520 & 8476 for Upmove. lets See. Cheers!!!

Wednesday, August 10, 2016

Support @ 8560 & 8520 Must Hold for Upmove

Dear All,

>>> Nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<

Next Support @ 8560 & 8520 must hold to help the bulls.

>>> CENTURYTEX - Posted Yesterday <<<

>>> Click the chart to see on full screen <<<

Posted Yesterday - Wrote about a Possible correction. See what happened.

>>> CENTURYTEX - Profit Booked Rs.44000/- <<<

>>> Click the chart to see on full screen <<<

Booked Profit today Rs.44000/-

>>> AMBUJA - Posted on Weekly Review <<<

>>> Click the chart to see on full screen <<<

Wrote on weekly Review also - Ambuja may correct any time. See what happened.

>>> AMBUJA - Follow Up - More Correction Possible <<<

>>> Click the chart to see on full screen <<<

Holding for More correction.

>>> ASIAN PAINT - Daily Chart <<<

>>> Click the chart to see on full screen <<<

Asian Paint - May correct - If price breaks the given support line on chart. Lets Wait and See. Cheers!!!