Tuesday, October 17, 2017

Resistance @ 10250. Support @ 10225 - 10210 - 10180

Dear All,

>>> Nifty Hourly Chart <<<

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

Price should cross above 10250 for Upmove. If breaks below Support 10225 and 10210 - May Test 10180 and 10140.

>>> Bank Nifty Hourly Chart <<<

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

Must cross above Resistance 24880 & 24810, If breaks below Support 24590 may test 24450 or 24350.

>>> McDowell-N - Posted on 12th Oct, 2017 <<<

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

Posted on 12th Oct, 2017 - If price crosses above 2480 - May test 2540.

>>> McDowell-N - Hourly Chart <<<

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

McDowell breaks above 2480 - May test 2540. We are Long from 2425.




Sunday, October 15, 2017

Weekly Review - 16th Oct, 2017

Dear All,


Energy giant Reliance Industries Ltd (RIL) on Friday reported a 12.5% increase in consolidated net profit for the quarter ended September, helped by a strong performance by its refining business, and said its telecom venture was poised to turn profitable shortly.

RIL’s group-level profit rose to Rs8,109 crore in the fiscal second quarter from Rs7,209 crore a year earlier. Consolidated revenue from operations rose to Rs95,085 crore from Rs81,651 crore a year earlier.

A Bloomberg poll of four analysts had estimated consolidated net profit at Rs8,263.3 crore. A poll of three analysts had expected net sales at Rs85,785.3 crore.

Revenue was higher than forecasted because Reliance Jio Infocomm Ltd, the telecom venture, started charging for its services in the quarter. The unit, whose launch in September last year with free voice and data services has disrupted the telecom industry, made a profit at the earnings before interest and tax (Ebit) level even though it ended up with a net loss of Rs271 crore.

The telecom unit reported revenue of Rs 6,147 crore and Ebit of Rs 260 crore. The company said it had added 15.3 million users during the three months to September, taking its total subscriber base to 136.8 million.

Jio also reported average revenue per user (ARPU) of Rs156.4 per subscriber per month. For comparison’s sake, market leader Bharti Airtel Ltd reported ARPU of Rs154 for the June quarter. Jio also claimed average voice traffic of 2.67 billion minutes a day and a low customer churn of 1% per month. This is the first time RIL is reporting Jio’s numbers.

Macro Data

The Street will continue to monitor the macroeconomic data, which could set the tone for the market. Globally, trends have been on the positive side in the past few sessions, which have been responsible to drive up markets, including India. Back, home, the Street will be watching out for wholesale inflation that will be released next week.

Globally, Europe and China will be declaring data on the inflation front, CPI inflation that could keep investors on the fence ahead of that along with GDP from China later in the week. Additionally, the US would also declare data on industrial production and housing trend, among others.

F&O data :-

On Friday, put OI of 71.54 lakh contracts was seen at strike price 10,000, which will act as a crucial base for the index in October series, followed by 9,900, which now holds 55.48 lakh contracts and 9,800 which has now accumulated 53.13 lakh contracts in open interest.

Meanwhile, maximum Call open interest (OI) of 39.89 lakh contracts stands at strike price 10,200, which will act as a crucial resistance level for the index in the October series, followed by 10,000, which now holds 31.66 lakh contracts in open interest, and 10,300, which has accumulated 28.89 lakh contracts in OI.

Global Cues :-

Positive global cues, apart from good macro data back home, drove up the markets in the past few sessions. US markets were at a record high, while markets in Europe and Asia too were on the higher side with some bouts of profit booking.

Geopolitical tensions due to North Korean crisis may keep investors cautious. The rogue nation on Friday raised the threat to launch a ballistic missile toward the US Pacific territory of Guam. It still hasn't followed through on another threat: to conduct an atmospheric hydrogen bomb test.

The new Guam threat comes ahead of planned US-South Korean joint maritime exercises scheduled to start next week in the Asia-Pacific region. A Navy statement issued Thursday indicated exercises will include the aircraft carrier USS Ronald Reagan and at least two destroyer vessels.

FII Data :-

Foreign institutional investors (FIIs) sold shares worth Rs 1,698.5 crore, while domestic institutional investors bought shares worth Rs 1,590.13 crore in the Indian equity market on Friday.

As far as monthly trends are concerned, FIIs have been net sellers, but support has been visible from domestic institutional investors. As of October 13, FIIs have net sold Rs 6,476.58 crore worth of shares, while DIIs purchased Rs 7,050.10 crore.

>>> Nifty Daily Chart - Posted Last Weekly Review <<<

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

Last Weekly mentioned 9990 as key resistance.

>>> Nifty Daily Chart <<<

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

Price made 10190 > Above may rally till 10255 and 10335.

>>> Nifty Hourly Chart - Posted on Friday <<<

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

Wrote - Above 10104 price may test 10190.

>>> Nifty Hourly Chart <<<

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

As expected Price Tested 10190, Above Next Resistance @ 10255 & 10335.

>>> Bank Nifty Daily Chart <<<

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

Bank Nifty facing resistance near channel between 24900 - 25000.

>>> Bank Nifty Hourly Chart <<<

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

Price need to take off 24770 & 24980 for any further rally.

>>> CNXPSU-Bank Nifty Hourly Chart <<<

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

PSU Bank Index still under the risk of Bears. Resistance @ 3078 - 3100 - 3128 must cross for a Bulls wave. Else may correct again.

>>> NIFTY-MIDCAP50- Daily Chart - Posted Last Weekly Review <<<

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

Last Week Posted - Mid Cap Index may Test 4910 & 4980. As Expected Index Tested a high of 4923.

>>> NIFTY - MIDCAP50 - Daily Chart <<<

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

MidCap INdex May play a crucial role next week. Watch all Mid Cap Stocks for Action.

>>> CNXPHARMA - Hourly Chart - Posted on Last Weekly Review <<<

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

Last Week posted - PHARMA Index may test 9640 & 9800. As expected 9613 made High.

>>> CNXPHARMA - Hourly Chart <<<

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

Break on either side may decide the Next path.

>>> DrREDDY - Hourly Chart - We have Booked Profit Rs.18000/- <<<

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

Booked Profit Rs.18K and Exited. No Position Now.

>>> NIFTY-IT - Daily Chart - Posted on Last Weekly Review <<<

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

PostedNifty IT may test 10930 & 11040. We are Long from 10540.

>>> NIFTY - IT - Daily Chart - Booked Profit 440 Points <<<

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

Above 10980 may test 11350. We have booked our Profit with 440 points. No Holdings.

>>> TCS - Daily Chart - Posted on 12th Oct, 2017 <<<

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

Posted - we are long form 2460.

>>> TCS - Daily Chart - Profit Booked Rs.30,000/- <<<

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

Booked Profit with Rs.30,000/- No Holdings. Price if breaks above 2580 again may give another 100 points rally.

>>> ITC - Daily Chart <<<

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

Almost looks like - Price bottomed out. If so, Expect a Bounce back rally soon. We are Long.

>>> Performance till 13th Oct, 2017 <<<

>>> 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.

>>> N4A @ Whatsapp <<<


Those who have registered already - And if Not receiving messages - Should ping about it on Whatsapp. New Registration should be done with their Name and Location. Cheers!!!


Thursday, October 12, 2017

Support Taken @ 9977. Resistance @ 10104 - 10150 - 10190

Dear All,

>>> Nifty Hourly Chart <<<

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

Price reversed after getting support from 9977. Next Resistance 10104 - 10150 - 10190 > Above More rally till 10340 and 10440 Soon.

>>> NIFTYIT Hourly Chart - Posted Yesterday <<<

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

Posted Yesterday NIFTY IT may rally further.

>>> NIFTYIT - More Rally Ahead <<<

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

Above 10930 - May test 11040.

>>> TCS - Daily Chart - Posted Yesterday <<<

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

Posted Yesterday - We are Long from 2460.

>>> TCS - Daily Chart - More Rally Ahead <<<

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

Stunning Result - Above 2580 - another 100 points rally on card.

>>> Mc-Dowell - Hourly Chart - Posted Yesterday <<<

>>> Click the chart to see on full screen <<<
Posted Yesterday - We are Long in McDowell.

>>> MCDowell - More Rally above 2480 <<<

>>> Click the chart to see on full screen <<<
More rally ahead. Cheers!!!

>>> N4A @ Whatsapp <<<

Wednesday, October 11, 2017

Broken Down. Support @ 9922 - 9877 - 9830

Dear All,

>>> Nifty Hourly Chart <<<

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

Price broken down the wedge and trading below support 9977. Possibly may test 9922 - 9877 - 9830.

>>> NIFTY IT - Posted on Weekly Review <<<

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

Posted on Weekly Review - IT Index on Break Out mode.

>>> NIFTY IT - More Rally Above 10820 <<<

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

More Rally above 10820 - May test 10930 and 11040. We are Holding Long.

>>> TCS Daily Chart <<<

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

Above 2520 may test 2580. We are Long.

>>> MC-Dowell - Hourly Chart <<<

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

We are Long. Resistance 2415 and 2450. Cheers!!!

Tuesday, October 10, 2017

Resistance @ 10040 & 10060

Dear All,

>>> Nifty Hourly Chart <<<

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

Resistance 10040 and 10060 if manages to cross above may test 10140.

>>> DrReddy - Hourly Chart - Posted on 01st Oct, 2017 <<<

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

Posted on 01st Oct, 2017 that we are long and Resistance @ 2420.

>>> DrReddy - Booked Profit Rs.18,000/- <<<

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

Booked Profit Rs.18000/- Cheers!!!

Sunday, October 08, 2017

Weekly Review - 09th Oct, 2017

Dear All,


The domestic equity market bounced back during the week gone by on the back of positive global clues, especially those emanating from the US. The massive tax rate cuts proposed on corporate earnings from 35 per cent to 20 per cent have raised hope of accelerated earnings growth in the US economy, the repercussions of which were felt on the rupee.

Relenting to public backlash due to high diesel and petrol prices, the government has finally reduced the fuel prices by Rs 2. Ironically, the diesel price is current hovering at an all-time high even though crude prices stood around the $60 mark, which is way below their peak price of $130 a barrel seen about a decade ago. This anomaly between all-time high diesel prices and low crude oil prices has caused a lot of anger among the public, forcing the government to respond positively at last.

GST :-

The Street could react to the latest developments that took place on the GST front post market hours on Friday. The Goods and Services Tax (GST) Council on Friday cut rates on 27 items and 12 services, and approved sweeping changes in rules to soothe frayed nerves of millions of small enterprises and exporters that have been battling with procedural irritants, delayed refunds and technical glitches on returns filing. The Finance Minister Arun Jaitley-headed panel pushed for big changes in its 22nd meeting to iron out rough edges of the new tax system that has been hit by multiple pain points since it was rolled out on July 1.

The Council relaxed return filing rules for small and medium enterprises (SMEs), deferred the controversial reverse charge mechanism (RCM) till March 31, 2018, and hastened tax refunds for exporters battling cash crunch. Jaitley said that the annual turnover threshold on the composition scheme has been raised from Rs 75 lakh to Rs 1 crore.

Economic Data :-

The government next week will announce economic data such as index of industrial production (IIP) as well as CPI inflation. Manufacturing output, CPI and IIP data is expected on Thursday, October 11.

After lesser than expected GDP data and a weaker growth forecast, these data points become very crucial for the Street to take cues.

Global Events :-

Among larger global cues would be the minutes of the meeting held by the Federal Open Market Committee (FOMC). As such the US central bank has hinted at a rate hike this year, but the minutes would put further clarity on the direction which the bank is going to take, going forward.

Additionally, Japan would be declaring core machinery data, while US is set to declare core PPI data MoM and YoY basis. Additionally, US would also announce retail sales and CPI data.

Although this factor is already being considered by the Street, tensions between North Korea and US could also be in focus. Most recently, US President Donald Trump announced that the current situation was the calm before the storm.

Monsoon :-

A large part of the rally in the summers was on the back of hopes of good monsoon. While the country saw decent progress during monsoon, at the closure of the season, the country is set to see lower than expected rainfall.

The rainfall for southwest monsoon is 5 percent less than normal. “The distribution has been uneven, with excess rains in some parts and shortage in several other areas like Uttar Pradesh, Haryana, Punjab, Madhya Pradesh and parts of Maharashtra,” The Indian Express reported.

Quarterly Results :-

The domestic equity market seems to be gearing up for the quarterly numbers to be announced from the beginning of next week. This quarter would be the toughest and most unexpected one, wherein no one will be able to estimate the quarterly scorecard precisely. The market will, therefore, be reactive in nature, which will result in huge volatility in stock prices. That being so, the premium for options would be high compared with that in the past.

>>> Nifty Daily Chart - Posted Last Weekly Review <<<

>>> click the chart to see on full screen <<<
Posted on Last Weekly Review - Price to Rally. See what happened.

>>> Nifty Daily Chart <<<

>>> click the chart to see on full screen <<<
Price almost rallied 300 Points last week alone. Now Crucial Resistance @ 9990 - If breaks above may test 10040 & 10070. Support @ 9950 - 9920 - 9875 - 9840.

>>> Nifty Hourly Chart <<<

>>> click the chart to see on full screen <<<
9990 - Crucial Resistance. Fail to cross above may test 9920 - 9875 - 9840.

>>> Bank Nifty Daily Chart - Posted Last Weekly Review <<<

>>> click the chart to see on full screen <<<
Wrote Price completed ABC for a bounce back.

>>> Bank Nifty Daily Chart <<<

>>> click the chart to see on full screen <<<
As expected Price holding the Channel Support.

>>> Bank Nifty Hourly Chart <<<

>>> click the chart to see on full screen <<<
Bank Nifty on a Make or break move. Above 24260 may rally, if breaks below 24000 may fall.

>>> CNX PSUBankNifty - Posted Last Weekly Review <<<

>>> click the chart to see on full screen <<<
Posted Last Weekly Review - PSU Bank Index may bounce back.

>>> CNXPSUBank - Daily Chart <<<

>>> click the chart to see on full screen <<<
PSUBank Index closed above 3070 > More rally if breaks the Wedge. Watch all PSU Bank Stocks for Rally.

>>> SBIN - Hourly Chart - Ready to Rally <<<

>>> click the chart to see on full screen <<<
We are Long and Expecting a Good bounce.

>>> CNXIT Daily Chart - Posted Last Weekly Review <<<

>>> click the chart to see on full screen <<<
Mentioned Support @ 10430, Not broken still.

>>> CNXIT - Daily Chart - Possible Break Out <<<

>>> click the chart to see on full screen <<<
Above 10670-80 Good Short Covering and Rally on Card. Watch all IT Stocks.

>>> CNX-PHARMA - Hourly Chart - Posted Last Weekly Review <<<

>>> click the chart to see on full screen <<<
Wrote on last weekly review for a next round of rally till 9500.

>>> CNX-PHRAMRA - Hourly Chart <<<

>>> click the chart to see on full screen <<<
More Rally in Pharma INdex and all Pharma Stocks. Pharma Index may rally till 9640 & 9800.

>>> Nifty - MIDCAP50 - Daily Chart <<<

>>> click the chart to see on full screen <<<
More Rally ahead for MidCap Index. Support @ 4750. Resistance 4835 is Holds - May Rally till 4910 and 4980. Watch all MidCap Stocks for Rally.

>>> BankIndia - Hourly Chart <<<

>>> click the chart to see on full screen <<<
We may or may not enter. Price need to hold the support.

>>> N4A - Whatsapp <<<

>>> click the image to see on full screen <<<
You need to save our number to get the broadcast messages. New Request must be Pinged with Your Name.