Wednesday, March 29, 2017

Above 9135 may Face Resistance @ 9150,9190 & 9220

Dear All,

>>> Nifty Hourly Chart <<<

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

Next Resistance @ 9150 - 9190 - 9220.

>>> GRANUELS - Holding Short <<<

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

We had short and looking for a good correction. Cheers!!!

Tuesday, March 28, 2017

Above 9135 > Fresh Rally Possible

Dear All,

>>> Nifty Hourly Chart <<<

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

We are Long since yesterday from 9060 - If breaks above 9135 - Expect Fresh Rally.

Monday, March 27, 2017

Support @ 9020

Dear All,

>>> Nifty Hourly Chart <<<

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

9020 or 8968 >> Holds - Bulls are on Safe Hand.

Saturday, March 25, 2017

Weekly Review 27th March 2017

Dear All,


The Securities and Exchange Board of India (Sebi) on Friday directed Mukesh Ambani’s Reliance Industries Ltd (RIL) to disgorge Rs 447.27 crore, made “unlawfully” by dealing in shares of its erstwhile subsidiary, Reliance Petroleum (RPL).

The markets regulator also barred RIL from the futures and options (F&O) segment for a year and asked it to settle all existing open positions. It will also have to pay 12 per cent interest on the disgorgement amount since November 29, 2007.

El Nino impact :-

IMD officials on Friday said that India is likely to emerge unscathed from the El Nino weather pattern as it is expected to set in only during the latter part of the four-month monsoon season which should lift sentiment on D-Street this coming week.

Australia’s most respected weather forecast department has predicted El Nino this year which could potentially derail the rural recovery party, although it is still early to worry about this.

Macroeconomic data :-

A flurry of macroeconomic data is expected on Friday, March 31. The government will unveil external debt data followed by infrastructure output data for the month of February, foreign reserves, bank deposit growth on a year-on-year (YoY) basis and bank loan growth.

India's annual infrastructure output growth slowed to 3.4 percent in January from 5.6 percent in the previous month on a fall in refinery production. The output growth came in at 4.8 percent for the first 10 months of the current fiscal year, which ends in March 2017.

>>> Nifty Daily Chart <<<

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

Bulls are Alive But not Safe. After a Big Bang Victory on UP Election from Ruling BJP - Price made a Break out above 8990 - Till then a Lot of DOJI - HANGING MAN - HAMMER - Shows Bulls are Alive - But Not Safe.

>>> Nifty Hourly Chart <<<

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

Between 9020 & 9135 - movement looks like a CAT ON A WALL. A break below 8968-8976 May trigger some major correction.

>>> Bank Nifty Weekly Chart <<<

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

After FM's Speech about Funding and Handling of NPA of PUS Banks - Made a Revival - which helped Bank Nifty's UPmove. Though on Weekly Chart it was a Hanging Man.

>>> Bank Nifty Daily Chart <<<

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

Cross above 21190-21200 may trigger fresh rally till 22000.

>>> Bank Nifty Hourly Chart <<<

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

21170 remains as a Crucial Resistance for Next Week Move. Cross above may trigger fresh rally till 21500.

>>> TVS MOTOR - Booked Rs.28000 Proit <<<

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

Last Week We have Booked a Profit of Rs.28000 on TVS Motor Short.

>>> MCDOWELL-N - Holding Long <<<

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

We are holding long since 2160 - Break above the wedge may trigger fresh Rally.

>>> Performance till 25th March 2017 <<<

>>> 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

>>> N4A - Services <<<

Thursday, March 23, 2017

Resistance @ 9090 & 9135

Dear All,

>>> Nifty Hourly Chart <<<

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

Price Supported @ 9020 today may find its Resistance @ 9090 & 9135 tomorrow.

>>> TVS Motor - Posted Yesterday <<<

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

Posted Yesterday - We have shorted and Expecting a Correction. See what Happened.

>>> TVS Motor - Booked Rs.28,000/- Profit <<<

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

Have Booked our Short near 425 with Rs.28000/- Profit. Above chart shows - Price may correct more - if continues to hold below the channel.

>>> MCDOWELL-N - We are Long <<<

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

We are Long and expecting more rally above the wedge. Cheers!!!

Wednesday, March 22, 2017

Next Support @ 9020 & 8970

Dear All,

>>> Nifty Daily Chart <<<

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

Price need to hold the trend line with the help of RSI to keep the Momentum Bullish - Also an Doubtful Island Reversal seen on the top - Must be taken into account with much caution???

>>> Nifty Hourly Chart <<<


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

Price need to hold 9020 & 8790 for Pull Back Rally.

>>> TVSMOTOR - Holding Short <<<

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

We are Holding Short and Expecting more Correction. Cheers!!!


Tuesday, March 21, 2017

Support 9086 & 9050

Dear All,

>>> Nifty Hourly Chart <<<

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

Key Support 9086 & 9050 If breaks may trigger a 100+ Point Correction Possible. Else Rally may continue...

Saturday, March 18, 2017

Weekly Review 20th March 2017

Dear All,


Yogi Adityanath, alias Ajay Singh Bisht, the five-time MP from Gorakhpur is all set to become the chief minister of Uttar Pradesh.

An eventful week it was. BJP's landslide victory in Uttar Pradesh, US Federal Reserve's less hawkish tone and an update on Goods and Services Tax (GST) pushed the Nifty50 index to its fresh lifetime highs thrice in a holiday-truncated week.

Investors believe the win boosts Modi's re-election prospects in 2019 and will encourage him to advance his ambitious economic reform agenda. It also comes as analysts are growing confident of a recovery in earnings because of stronger economic growth: Macquarie estimates earnings-per-share for the NSE could surge 16 percent in the year starting in April, compared with a 5 percent rise in the previous fiscal year and 4 percent in 2014/15.

The under current in the market is strong as new money from both FIIs and DIIs continue to pour in spite of high valuation. Rupee has strengthened to a fresh 16 months high led by foreign inflows. Further, fall in crude prices and positive cues from GST council meeting added color to this rally.

NEXT WEEK: In the absence of major domestic and global cues, the investors will track the developments on the GST Bill.

>>> Nifty Weekly Chart <<<

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


Above is the Weekly Chart of Nifty. While all are Bullish on entire market after Price breached above 8990, I have made an alternate count here. It doesn't mean that I am totally bearish and advising to short or exit market. Discussed here is an alternative Only.

While all are singing on a same tone - I am looking for an alternative. While every one started ignoring Indicators, speaking about only the Price break out after some major events - I am still wonder why the market still making a choppy and volatile move.

In my experience - so far i have learned - market won't move in the way what the majority are thinking. Hence its very important to identify the change in trend to protect your capital and to identify forthcoming Opportunities.

As mentioned on above chart - If price able to close above the key resistance 9220-40 on weekly basis - No doubt price may move till 9500 and even 10K. But the million dollar question is, Is this so simple to predict a market like this - in such a simple way??.

>>> Nifty Daily Chart <<<

>>> Click the chart to see on full screen <<<
Here in daily I have mentioned clearly how do i validate my counts. The Low 7893 was 50% of previous rally which i have taken as wave B. Current rally for wave C of B has taken 61.8% of Wave A. So Friday High 9218 is very Crucial on Weekly Basis. Totally I understood this move as a irregular ABC.

>>> Nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<
I have marked the above hourly chart as 1-5, might have lot of confusions and subwaves. Price firmly managed to hold 100HMA. As per the above count - Price on the last leg of 5th wave and hence may find its resistance @ 9220 - 9240 - 9280.

>>> Bank Nifty Weekly Chart <<<

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

Bank Nifty Breaks the Previous high and closed above, but with a Red Doji on top of the Chart - is a Concern.

>>> Bank Nifty Daily Chart <<<

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

Price need to trade above 21200 to reach 21500 and 22000. If breaks the wedge along with RSI - may trigger selling.

>>> Bank Nifty Hourly Chart <<<

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

Price need to hold 21130 to protect from 200+ correction - Key Resistance 21460-21500.

>>> BAJFINANCE - Break Or Make <<<

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

Its a Break or Made Move on BajFinance - Lets Wait and See.

>>> Performance till 17th March, 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-Services <<<



Thursday, March 16, 2017

Resistance @ 9165 - 9190 - 9220 & 9240

Dear All,

>>> Nifty 5 Mins Chart <<<

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

Price moving ahead - may find its resistance @ 9165 - 9190 - 9220 & 9240





Tuesday, March 14, 2017

Resistance @ 9110 - Support @ 9070 - 9040 - 9015

Dear All,

>>> Nifty 5 Mins Chart <<<

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

Resistance @ 9110. Support @ 9070 - 9040 - 9015

>>> DRREDDY - Daily Chart <<<

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

Support Line if holds - Expect a Bounce - We are Long. Cheers!!!

Monday, March 13, 2017

Weekly Review - 14th March, 2017

Dear All,


The US Federal Reserve is almost certain to hike rates on Wednesday but that has been fully factored in by markets abroad and in the country. So, the overwhelming victory of the Bharatiya Janata Party (BJP) in the state Assembly elections would be a big boost for the rupee, though bonds will continue to be driven by other factors, said experts.

The scale of the Bharatiya Janata Party’s (BJP) victory in Uttar Pradesh may embolden the central government to push for economic and social reforms.

Experts say that the remaining two years of the current government at the centre will see bolder initiatives than even the politically risky demonetisation move. These may include labour reforms, revisiting the issue of land acquisition and improving governance.

Some experts, however, warned that investors should not get carried away, given the shaky macroeconomic backdrop, poor earnings growth and a likely interest rate hike by the US Federal Reserve later this week.

Post elections, the market will focus on bigger events lined up like Fed action on rates, monsoon, March quarter results and GST implementation. The markets have been putting behind bigger events quite faster, as was seen in Brexit and US elections

>>> Nifty Weekly Chart <<<

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

So far Price unable to cross above 8990. After UP Results - SGX Nifty Rally on Monday - shows Nifty may Rally above the Key Resistance 8990. Hence our earlier counts negated and making a new count. Above weekly chart suggest a More rally possible - Provided the Daily chart also support the same - as the price was in last leg rally. So lets see whats next on daily chart also.

>>> Nifty Daily Chart <<<

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

9220 - 9240 can be the first Resistance.

>>> Nifty Hourly Chart <<<

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

Many times wrote - Hourly chart so far managed to hold 100 HMA - As per above chart - Price on 5th wave and may test resistance @ 9040 - 9080 - 9120 - 9240 & 9280.

>>> Bank Nifty Daily Chart <<<

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

Price may test 21200 above may travel till 22000/-

>>> Bank Nifty Hourly Chart <<<

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

Hourly chart - Resistance 21090 & 21200 >>> Above may test 21430 to 21500/-

>>> Performance till 10th March, 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

Thursday, March 09, 2017

"EXIT" Poll Vs Nifty

Dear All,


Markets have been consolidating and moving in a tight range ahead of the outcome of the assembly poll outcome in key states of Punjab, Uttar Pradesh (UP), Goa, Uttarakhand and Manipur – to be announced on March 11. Analysts say the outcome could create distractions (or positives) for the government and will be interpreted as a referendum on the government’s demonetisation drive.

Results of exit polls for Assembly elections in five states indicate that the election results, especially of the biggest state Uttar Pardesh, can result in a drastically changed political landscape of the country. They can not only usher in major changes within parties but also radically change political future of many leaders. Most exit poll results show the Bharatiya Janata Party (BJP) gaining; the Congress, Samajwadi Party (SP) and Bahujan Samaj Party losing; and Aam Aadmi Party making major gains even if it does not win in Punjab and Goa.


Incidentally, Samajwadi Party chief Akhilesh Yadav had on Tuesday had said that he would be willing to host BSP chief Mayawati for tea. On Thursday, Yadav told BBC that in the eventuality of a hung assembly he was not averse to a tie-up with the BSP. Mayawati and Mulayam Singh Yadav had a pre-poll alliance in 1993, which enabled them to jointly defeat the BJP in the wake of the Ram Janmabhoomi movement, but have been sworn enemies ever since the infamous 'Guest House' incident in 1995.

If the BJP triumphs in UP, the PM can justifiably claim it to be a referendum in favour of his November 8 demonetisation decision. A favourable electoral verdict, say sources, will embolden his government to go after tax evaders and complete the unfinished agenda of demonetisation.

The electoral victories would also help BJP emerge the largest party in the Rajya Sabha in 2018, and reach closer to the majority mark. The lack of numbers in the Rajya Sabha has hobbled the Modi government in its efforts to push through some of its legislative agenda.

>>> Nifty Hourly Chart <<<

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

Price trying for a break out again, will the Exit Polls can make it. If so another round of rally possible before the actual results.

>>> INFY - We have short Position <<<

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

Shorted and Holding for good correction.

>>> PFC - Holding Long for UPmove <<<

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

Holding long for a rally if manage to hold the channel support as shown on above chart. Cheers!!!

Wednesday, March 08, 2017

Support @ 8900 - 8860 - 8800

Dear All,

>>> Nifty Hourly Chart <<<

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

Price again got support from 100 HMA - Now 8900,8860 and 8800 Remains as a good support for Bull.

>>> CAIRN INDIA - Profit Booked Rs.31500/- <<<

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

We shorted Cairn India @ 293 and have booked our Short with Rs.31,500. Above chart shows the Wedge have broken - and fall may continue. We have no Position Now.

>>> AUROPHARMA - Possible Break Out - We are Long <<<

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

We are long and looking for a break out above the wedge - Lets See. Cheers!!!