Sunday, April 30, 2017

Weekly Review - 02nd, May 2017

Dear All,


Key Factors that may sway your market through the week:-

No love lost between the US & N Korea: Triggering another bout of tension, North Korea testfired a ballistic missile on Saturday shortly after US Secretary of State Rex Tillerson warned that failure to curb Pyongyang's nuclear and ballistic missile programmes could lead to "catastrophic consequences".

However, the US and South Korean officials said the test appeared to have failed, in what would be the North's fourth straight unsuccessful missile test since March.

Earlier on Thursday, the US President Donald Trump had said a "major, major conflict" with North Korea was possible over its nuclear and ballistic missile programmes, while China said the situation on the Korean peninsula could escalate or slip out of control.

Economic data:- Markit Economics will announce the India Manufacturing Purchasing Managers' Index (PMI) data for April 2017 on Tuesday. It will also unveil the results of a monthly survey on the performance of India's services sector in April 2017 on Thursday.

Global cues:- On the global front, a host of economic data is slated to release in the coming week, giving direction to the market movement. First of all, the minutes of the Bank of Japan's (BOJ) Monetary Policy meeting will be released on Monday, May 1. China Caixin manufacturing PMI data for the month of March 2017 will be announced on Tuesday; The US Markit Composite index for the month of April is scheduled to release a day after i.e. on Wednesday. Also, the US nonfarm payrolls data for April 2017 is expected to release on Friday.

Realty Act comes into effect:- The long-awaited Real Estate (Regulation and Development) Act (RERA) will be implemented from May 1. The Act specifies that all existing projects must be registered with the state's regulatory authority by July 2017, and that no new project can be launched without this registration.

Each state and Union Territory will have its own Regulatory Authority (RA) which will frame regulations and rules according to the Act. It’s difficult to comment on the quantum of impact this Act will have on the domestic stocks but realty shares are likely to grab limelight.

OMC and auto stocks to play key role: State-run oil marketing companies (PSU OMCs) will be in focus as PSU oil marketing companies will undertake fuel price revision towards the closing of this month. As reported earlier, they are expected to introduce a daily revision of petrol and diesel prices in select markets, on a pilot basis from May 1.

Auto stocks will be in focus as auto companies will start reporting sales volume data for April 2017, starting from Monday, 1 May 2017.

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

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

Posted Last weekly review - 9120 as a good support.

>>> Nifty Weekly Review - Happened. <<<

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

Price managed to Hold 9120 and started bouncing - RSI must support bulls.

>>> Nifty Daily Chart <<<

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

On Daily basis - 9350-67 - Crucial Resistance.

>>> Nifty Hourly Chart <<<

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

On Hourly Chart - We have two alternative - either it may an ABCDE or 1-5. Price may try to fill the gap left - if breaks below 9300 again.

>>> Bank Nifty Daily Chart <<<

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

Its a most Extensive Wave - Hard to count, If this is not wrong - We might see some consolidation.

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

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

Above chart - Posted on last weekly review - Wrote - Looks for a good bounce back. See what happened.

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

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

BN - above 22340 - may test 22420 or 22590 as shown above.

>>> MindTree - Booked Profit Rs.40,000/- <<<

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

Booked Rs.40,000/- Profit on Mind Tree.

>>> Just Dial - Again we are Long <<<

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

A week before - after making a good profit, Have re-entered Just Dial again.

>>> INFY - Holding Long <<<

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

Continue to Hold Long.

>>> Performance for the month end of Apil 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, April 27, 2017

Resisted @ 9350.

Dear All,

>>> Nifty Hourly Chart <<<

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

Price Resisted @ 9350, If Holds below, May test Supports @ 9320 - 9300 - 9260 - 9225.

Wednesday, April 26, 2017

Above 9350 > Next Resistance @ 9400 & 9430

Dear All,

>>> Nifty Hourly Chart <<<

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

Cross above 9250 may test 9400 & 9430.


>>> MindTree - Posted Yesterday <<<

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

Posted Yesterday - We are long on MindTree.

>>> MindTree - Booked Rs.40,000/- Profit Booked <<<

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


Booked Profit today with Rs.40,000/-

>>> JustDial - Entered Long Again <<<

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

Entered Long again - After price took support from the channel as shown above. Cheers!!!

Tuesday, April 25, 2017

Next Resistance @ 9350 & 9430

Dear All,

>>> Nifty Hourly Chart <<<

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

As Expected Rally Continue, and may test 9350 & 9430.

>>> Bank Nifty Hourly Chart <<<

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

Bank Nifty, if manage to cross above 22130, Expect some big Rally - Possibly till 22330.

>>> MindTree - We are Long <<<

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

We are Long in MindTree from 451 with a UnBooked Profit of Rs.24000/- We expect rally may continue and Holding the Long. Cheers!!!

Monday, April 24, 2017

More Rally On Card ...

Dear All,

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

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

Wrote on Weekly Review - Support 9075 & 9090 Must hold for a Possible Rally.

>>> Nifty Hourly Chart - Happened <<<

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

Price rallied - as expected and gave a clear break out as shown on above chart.

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

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

Posted on Weekly Review - bank Nifty support @ 21400.

>>> Bank Nifty Hourly Chart - Bounced Back <<<

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

As expected Price Rallied and Yet to rally above given Resistance.

>>> ACC - Short Position - Posted on Weekly Review <<<

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

Wrote on Weekly Review - ACC - Holding Short Position.

>>> ACC - SL hit and Booked Loss <<<

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

SL hit and Booked Loss.

>>> INFY - Holding Long for Rally <<<

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

We are Long and Holding for a Good Rally. Cheers!!!

Sunday, April 23, 2017

Weekly Review - 24th April, 2017

Dear All,


French elections:- One of the biggest determinants of the movement of financial markets across the globe would be the outcome of French presidential election. France goes to the polls on Sunday for the first round of a bitterly-fought presidential election, crucial to the future of Europe and a closely-watched test of voters' anger with the political establishment.

D-Street's Big Daddy to release Q4 report card:- Mukesh Ambani-owned oil-to-telecom conglomerate Reliance Industries(RIL) is slated to release its Q4 results on Monday (April 24). According to market analysts, the company is likely to report over 5 per cent year-on-year growth in net profit for the quarter ended March 31, 2017.

F&O expiry:- The market will remain volatile as traders roll over positions in the futures & options (F&O) segment from the April series to May series. The near-month derivatives contracts will expire on Thursday, April 27, 2017.

ECB to announce monetary policy:- The European Central Bank (ECB) will announce monetary policy decision in Frankfurt on Thursday (April 27). German Finance Minister Wolfgang Schaeuble has pressed ECB to follow US Fed and change course away from an ultra-accommodative monetary policy.

Other global cues:- In the US, Minneapolis Federal Reserve Bank President Neel Kashkari will be the keynote speaker at the sixth Annual Fink Investing Conference at UCLA Anderson in Los Angeles, California on Monday. Data on new home sales measuring the number of newly constructed homes with a committed sale during March 2017 will be announced on Tuesday. Meanwhile, any development in the ongoing geopolitical tension between the US and North Korea can weigh on global markets, including india.

>>> Nifty Weekly Chart <<<

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

Previous High 9120 Under risk. Weekly closing above 9120 is a must for Bulls Survival. RSI turning down shows - Might be a False break out.

>>> Nifty Daily Chart <<<

>>> Click the chart to see on full screen <<<
Have wrote about 9274 Last week also. Price can't cross it and Started correcting. RSI on Sell Side.

>>> Nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<
Price took support @ 9275, If continue to Hold - Expect a Bounce, as the Correction might have completed as ABC.

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

>>> Click the chart to see on full screen <<<
Posted Last weekly review - 21780 as Key Resistance.

>>> Bank Nifty Daily - Happened <<<

>>> Click the chart to see on full screen <<<
21780 Still Remains a Key Resistance - RSI continue to break down.

>>> Bank Nifty Hourly <<<

>>> Click the chart to see on full screen <<<
Price if manage to hold above 21400 - Expect a Sharp bounce again.

>>> HindZinc - Posted on 20th April, 2014 <<<

>>> Click the chart to see on full screen <<<
Posted on 20th April, 2017 - We have Re-Entered again for a Good Upmove.

>>> HindZinc - 5 mins Chart - Holding Long <<<

>>> Click the chart to see on full screen <<<
Sharp Sell Off after the result day Gain. Re-Entered Long again @ Lower Level, Holding for a Possible Rally.

>>> JustDial - Booked Rs.40,000 Profit <<<

>>> Click the chart to see on full screen <<<
Booked Profit Rs.40,000/-

>>> ACC - We are Holding Short <<<

ACC, has posted a decline of 9 per cent in its consolidated net profit for the quarter ended March 31 at Rs 211 crore against Rs 232 crore in the previous corresponding quarter. After demonetisation, sales had been impacted during the October-December quarter.

>>> Click the chart to see on full screen <<<
ACC - making a double top. If so - Expect a sharp correction - after a poor results declared on Friday. Due to Capacity expansion - top line lifted by 9% Sales Growth from 0.67MT to 0.72MT.


>>> Performance till 21st April, 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, April 20, 2017

Resistance @ 9150 - 9175 - 9200

Dear All,

>>> Nifty Hourly Chart <<<

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

As wrote Yesterday - Price got support @ 9080 - May face Resistance @ 9150 - 9175 - 9200.

>>> Just Dial - Posted Yesterday <<<

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

Wrote Yesterday - We are Long in Just Dial - See what happened today.

>>> Just Dial - Booked Profit Rs.40,000/- <<<

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

Booked Profit today @ 528 with Rs.40,000/-

>>> HindZinc - Exited with Loss Earlier <<<

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

Earlier - Our Long on HindZinc - Hit SL. Today We Entered Long again. See what happened.

>>> HIND Zinc - Entered Long Again @ 274 <<<

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

We entered Long today @ 274 and Holding for More Rally. Cheers!!!

Wednesday, April 19, 2017

Support @ 9080 & 9060

Dear All,

>>> Nifty Hourly Chart <<<

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

Its a WXY Correction. If not wrong - 9080 or 9060 may give a good support for a Upmove.

>>> JUST DIAL - We are Long <<<

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

We are Long - Looking for a Falling Wedge Break out and Rally. Cheers!!!

Tuesday, April 18, 2017

Support @ 9080 - 9060 - 9020

Dear All,

>>> Nifty Hourly Chart <<<

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

Once again a volatile session - along with geo political news flow. Price rallied till 9217 and breaks below 9130 again to test 9095. Next Support @ 9080 - 9060 - 9020.

>>> HindZinc - Stop Loss Hit & Booked Loss <<<

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

Price broken down the support 277 and Next support @ 267. Earlier we entered long - Hit Stop Loss. We may or may not re-enter as per market movement. Cheers!!!