Tuesday, February 28, 2017

Next Support @ 8830

Dear All,

>>> Nifty Hourly Chart <<<

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

As wrote Yesterday 8885 broken and Next Support @ 8830.

>>> BHARATFIN - Booked Profit Rs.14000/- <<<

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

Booked today near 848 with Rs.14000/- Price if breaks below the channel as shown above - may trigger more fall. We have no Open Position.

>>> BIOCON - Correction Ahead <<<

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

Biocon - May correct if it can break below the channel - As shown above. Lets See. Cheers!!!

Monday, February 27, 2017

Support @ 8885

Dear All,

>>> Nifty Hourly Chart - Support @ 8885 - If breaks - May Start Falling <<<

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

Price must hold 8885 to bounce back again.

>>> Bank Nifty Hourly Chart - Support @ 20460 - If Breaks - Fall to Continue <<<

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

20460 - If Holds - May start Recovering.

>>> BHARATFIN - We have Shorted Today <<<

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

Price may continue to fall if breaks below the channel as shown on chart. We have Short Position. Cheers!!!

Sunday, February 26, 2017

Weekly Review - 27th Feb, 2017

Dear All,


Overseas investors have pumped in over Rs 14,600 crore into the Indian capital markets this month so far, enthused by clarity on FPI taxation. The latest inflow followed a net pullout of Rs 80,310 crore from equity and debt together in the past four months (October-January). Prior to that, FPIs had invested over Rs 20,000 crore in the capital market in September 2016.

According to depository data, foreign portfolio investors (FPIs) infused a net sum of Rs 9,359 crore in equities during February 1-23 and another Rs 5,279 crore in the debt segment, translating into a total inflow of Rs 14,638 crore.

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

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

Wrote last weekly review - 8890 and 8940 - resistance - above rally may continue.

>>> Nifty Daily Chart <<<

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

Price tested 8980.

>>> Nifty Hourly Chart <<<

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

Price completed 1-5 rally, tested 8980.

>>> Bank Nifty Daily Chart <<<

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

As mentioned last weekly review also - bank nifty possibly completed 1-5 rally as shown above, may face resistance @ 21040 & 21080 on the higher side.

>>>Bank Nifty Hourly Chart <<<

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

21040 & 21080 to remain as an important resistance.

>>> CNX-IT Daily Chart - Posted on 21st Feb, 2017 - Shorted <<<

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

Posted on 21st feb, Price may correct and we have shorted also.


>>> CNX-IT Daily Chart - Holding Short <<<

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

We are holding short still for a good correction.

>>> Performance for the month end of Feb, 2017 <<<

>>> Click the image to see on fulls 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




Wednesday, February 22, 2017

Support 8885-90

Dear All,

>>> Nifty Hourly Chart <<<

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

Price if breaks below 8885-90 may see a correction, else may test 8940 or 8980.

>>> CNX-IT Posted on 21st Feb, 2017 <<<

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

Wrote Yesterday - Price may find its resistance @ channel top.

>>> CNX-IT - Have Entered Short Today <<<

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

Shorted today and Holding for a Good Correction. Cheers!!!

Tuesday, February 21, 2017

Resistance @ 8940 & 8980

Dear All,

>>> Nifty Hourly Chart <<<

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

Price closed above 8890 - Our Resistance mentioned on Weekly Review and Previous Updates. Now Price may find its Resistance again near 8940 and 8980.

>>> Bank Nifty Hourly Chart <<<



Sunday, February 19, 2017

Weekly Review - 20th February 2017

Dear All,

Markets on Friday clocked their fourth straight weekly gain amid positive global investor sentiment and by gains in HDFC Bank and Sun Pharmaceuticals.

Sentiment also got a boost after RBI Governor Urjit Patel said India’s economic growth will make a “sharp V” recovery after a short drop in the aftermath of demonetisation.

The central bank put HDFC Bank back on the FII ban list after foreign shareholding exceeded the prescribed limit of 74% within hours of trading.

Earning is a big factor which can influence stock prices. The fear which clouded Indian markets in the name of demonetisation and Trumponomics seems to have receded. The DeMon or demonetisation could show its ugly face in March quarter results. The recent run-up in the Indian market may not sustain without better support from earnings and fundamentals. “The December quarter saw a strong recovery in earnings from a very low base in several sectors but underlying trends continue to be subdued with demonetisation adding to the woes.

The next week will be truncated, as stock exchanges will be closed on Tuesday on account of Municipal Corporation Elections in Mumbai and, on Friday, on account of Mahashivratri. But volatility is expected to rise ahead of expiry of February series futures and options contracts on Thursday.

Further progress on GST is necessary on GST in the Budget session of Parliament for its implementation in H1FY18. A positive outcome for BJP in the state elections may lead the markets higher, at least in the short term.


>>> Nifty Weekly Chart - Bear Warning ??? <<<

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

Its a Red Doji near the trend line again, Might be a Caution sign from Bear.

>>> Nifty Daily - Posted on February - First Weekly Update - 04th Feb, 2017 <<<

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

Wrote on 04th Feb, 2017 - Nifty had Two choice 8770 or 8890. Second Alternative achieved today - made a high of 8885. so whats Next ?

>>> Nifty Daily Chart - What's Next <<<

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

If the above analysis is not wrong - Price has completed ABC wave and may start a possible correction any time. Else may trigger next round of rally.

>>> Nifty Hourly chart - Two Alternatives <<<

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

Above 8890 - another rally may start.

>>> Bank Nifty Weekly Chart - Bear Warning ??? <<<

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

Price might have completed 1 to 5 rally, If this is not wrong, Expect a correction. Else the count analysis may get truncated.

>>> Bank Nifty Daily Chart <<<

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

Price Spike only for a Single Stock - No major news on Sector Wise - So far Results are also not encouraging for many banks.

>>> Bank Nifty Hourly Chart <<<

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

20450-460 If holds - Price may try to breach one more high. Else may start correcting.

>>> CNX-IT Daily Chart <<<

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

Price may find its resistance at channel top as shown on chart.

>>> AdaniPort - Hourly - Posted on 15th Feb, 2017 - We had Short Position <<<

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

Posted on 15th Feb, 2017 - Wrote Price may correct.

>>> AdaniPort - Hold Your Shorts for more fall <<<

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

Hold Your Shorts and Price may test the channel support any time.

>>> Performance till 17th Feb, 2017 <<<

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

Above performance is not a Pomise 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 - Service <<<

Thursday, February 16, 2017

8715 Holding. Resistance @ 8830-8840

Dear All,

>>> Nifty Hourly Chart <<<

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

8715 holding and if breaks above 8830-40 - Rally may again resume.


Wednesday, February 15, 2017

Watch 8715 & 8670

Dear All,

>>> Nifty Hourly Chart <<<

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

Watch 8715 and 8670 for Clarity.

>>> AdaniPort - Short Triggered <<<

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

Finally Broken down the wedge - We have shorted and waiting for a Good Correction. Cheers!!!

Tuesday, February 14, 2017

8750 & 8715 Still Holding !!!

Dear All,

>>> Nifty Hourly Chart <<<

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

Channel Support or 8750 & 8715 must hold as per above chart.

>>> Hindalco - Posted on Weekly Review <<<

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

Wrote on Weekly Review - Expect a bounce back on Hindalco. We are Long.

>>> Hindalco - Hold Long <<<

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

Hold Long - Break above 188.50 may trigger a fresh Rally & Short Covering. Cheers!!!

Monday, February 13, 2017

Support @ 8715 & 8750.

Dear All,

>>> Nifty Hourly Chart <<<

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

Key Support 8750 & 8715 if Holds - May give one more rally.


>>> MindTree - Profit Booked Rs.24000/- <<<

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

We have booked our Long with Rs.24000/- Profit. Price if managed to trade above 472, may rally till channel top - as shown on chart. Cheers!!!

Sunday, February 12, 2017

Weekly Review - 13th Monday, 2017


Dear All,


President Trump revealed he had a 'phenomenal' tax plan ready for unveiling in a few weeks' time," said INTL FCStone analyst Edward Meir.

Trump plans to announce the most ambitious tax reform plan since the Reagan era in the next few weeks, the White House said on Thursday, sending stock prices and the dollar higher on hopes for a cut in corporate tax rates.

US economic data also underpinned the dollar. Initial jobless claims unexpectedly dropped last week to a nearly 43-year low, while inventories at wholesalers surged in December for a second straight month.

The domestic equity market is treading cautiously since the beginning of February, when the state elections kicked off with Punjab and Goa going to polls. But UP is the state which analysts are watching with a lot of interest. The outcome of the UP elections could have a bearing on the stock market trajectory, suggest experts. If the BJP fails to clinch any state, there could be a slide in the benchmark indices.

Dalal Street might start reacting on March 9, because that is the time when we will have some idea from the exit polls and that could be a big catalyst for the market, The poll results will be declared on March 11.

Why is UP so important to market? UP is India’s largest state with 138 million voters and has a strong clout in the Upper House of Parliament, where the ruling BJP alliance lacks a majority.

After winning a clear majority in 2014, the BJP has not been faring too well in the state elections in last two years, which has been proving to be a handicap for the government in pushing many of its reformist policies.

There is a greater chance of a hung assembly in UP. From a market perspective, if the BJP is not able to form a government in the state but at least emerges as the single largest party with 160-plus seats, it would still be fine. But if that number goes below 140-130, it could be a problem.

Another instance of consensus falling short on predicting actual outcome! Surprising the market participants, the Reserve Bank of India (RBI) unexpectedly kept the interest rates on hold with the benchmark indices settling the week barely higher even as foreign investors poured in over Rs 700 crore, while global markets found succour in US President Donald Trump’s announcement of unveiling soon some "phenomenal" tax reforms.

Foreign institutional investors turned net buyers for the week and poured in nearly Rs 240 crore in equities during the four days to Thursday, data available with NSDL showed. On Friday, they bought net equities worth Rs 504 crore, provisional data available with BSE showed.

The market will take cues from the December industrial growth, which came in at 0.4%, below expectations. Key corporate earnings such as DLF, Tata Motors, Grasim, Vedanta, Sun Pharma and Adani Ports are lined up for the week. Globally, Fed Chair Yellen’s semi-annual testimony to house panel, GDP growth in Japan and China’s CPI data will also be eyed.

>>> Nifty Weekly Chart - Posted on 30th Jan - Weekly Review <<<

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

On a Jan Month end's weekly review - Mentioned 8550-70 as a crucial Resistance - may give way for more upmove.

>>> Nifty Weekly Chart - What's Next <<<

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

Price crossed above 8650 may trigger rally till 8970 - previous high.

>>> Nifty Daily Chart <<<

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


Inspite of last 4 (day) red candles - Price managed to hold above 8750 for the entire week, shows the strength of bull.

>>> Nifty Hourly Chart <<<

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

From the beginning and till date - Price moving inside a narrow channel - any break below these channel - should be considered as a weakness, till then bulls continue to hold the march on the upper side.

>>> Bank Nifty Daily Chart <<<

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

Bank Nifty looks completed its upmove, though it should be watched carefully - any positive move from govt side to help the Stressed PUS Banks may trigger more rally above 20575 - means all the above counts and analysis become invalid. So lets wait and watch to decide any further.

>>> Bank Nifty Hourly Chart <<<

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

Price need to cross above 20285 or 20310 for a healthy upmove, else may test supports like 20080 - 19966 and 19850.

>>> CNX - IT - Posted on 09th Feb, 2017 - We are Long since 9850 <<<

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

We are long in CNX-IT Nifty since 9850, wrote about break out and possible rally. See what happened.

>>> CNX - IT - Profit Booked @ 10400 with 550/- Point Profit <<<

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

Have Booked on Friday near 10400 with 550 Points Profit. Price if manage to trade above 10430 - expect the rally to continue.

>>> AdaniPort - Posted on 03rd Feb, 2017 <<<

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

Earlier We have updated Adaniport on 03rd Feb, 2017 - Wrote about a raising wedge and a possible correction. See what happened.

>>> AdaniPort - Exited near 303 - No Holdings <<<

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

We have exited @ 303 on 09th Feb, 2017 with a marginal profit. Results on 14th feb, If price manage to break above the wedge, More rally possible.

>>> MindTree - Posted on 09th Feb, 2017 <<<

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

Posted on 09th Feb, 2017 - to Hold the Long. See what happened.

>>> MindTree - More Rally Soon - Holding Long <<<

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

Expect more rally above 468. We are long since 450.

>>> INFY - Long Booked with Rs.10,000/- Profit <<<

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

We have booked our long on INFY near 467 with Rs.10,000/- Profit.

>>> HINDALCO - Expect a Bounce Back <<<

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

If channel holds - Expect a Bounce.

>>> Performance till 10th Feb, 2017 <<<

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

Above performance is not a Pomise 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.