Sunday, July 30, 2017

Weekly Review - 31st July 2017

Dear All,


RBI monetary policy meet:- The biggest determinant of market direction next week will be the Reserve Bank of India's rate-setting meet, which starts on August 1 with results due on August 2 (Wednesday).

Geopolitical tensions:- North Korea on Saturday conducted another successful test of an intercontinental ballistic missile (ICBM) that proved its ability to strike America's mainland, drawing a sharp warning from the US President Donald Trump and a rebuke from China.North Korean leader Kim Jong Un personally supervised the midnight launch of the missile on Friday night and said it was a "stern warning" for the United States that it would not be safe from destruction if it tries to attack, the North's official KCNA news agency was quoted by Reuters in its report.Reacting to it, the United States flew two B-1B bombers over the Korean peninsula in a show of force after recent North Korean missile tests, the US Air Force said in a statement on Sunday. The development will be watched keenly across the globe and is likely to have a bearing on the financial markets, including India.

BoE meet:- The Bank of England will announce its latest policy decision on Thursday (August 3), when it will also release its quarterly Inflation Report. "Most economists expect the Bank to keep rates at their record low to shore up economic growth, though some - notably large Japanese bank Nomura - are calling for a hike," says Reuters in its report.

Global macro cues:- Overseas, China will unveil manufacturing PMI data for July on Sunday, 30 July 2017. Eurozone consumer price index (CPI) data for July will be unveiled on Monday, 31 July 2017. US Non-farm Payrolls data for May will be unveiled on Friday, 4 August 2017 and US Unemployment Rate data for July will be unveiled on Friday, 4 August 2017.


>>> Nifty Weekly Chart <<<

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

In Long Run - Above 10000 - Nifty may test 11400 - Provided certain conditions acceptable with Bulls.

>>> Nifty Weekly Chart <<<

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

So far ABC wave completed - Looks Like a Correction in needy for the time being.

>>> Nifty Daily Chart <<<

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

Price completed 1-5.

>>> BANKNIFTY - Weekly Chart <<<

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

Its an ABC Wave again - Price need to trade above the channel for more rally.

>>> BANKNIFTY - Daily Chart <<<

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

RBI Even on Aug 02nd - Holds the Key for BN direction.

>>> CNXIT - Hourly Chart - Key Resistance @ 10720 <<<

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

Watch Key Resistance @ 10720 for a Correction for next 400 Points.

>>> CNXPHARMA - Daily Chart <<<

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

Looks like a fast break out, Resisted @ 10265 and started falling. Support 9645 & 9450 if breaks - More correction likely. Caution on all Pharma Stocks.

>>> Performance for the month end of July 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, July 27, 2017

Support @ 10010 - 9976 - 9940

Dear All,

>>> Nifty Hourly Chart <<<

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

Price corrected sharply from 10114.8 High to 10005 on the Expiry day. Next Support @ 10010-9976-9940. Resistance @ 10100 & 10145 on the Upper side.

>>> BHARTIARTL - CAUTION <<<


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

Bharti Airtel Looks More Bearish on chart. We have shorted and Booked Profit today with Rs.24000/-.We may or may not Re-Enter as per Market Movement. Cheers!!!

Wednesday, July 26, 2017

Resistance @ 10025 - 10045 - 10070 - 10100 - 10145

Dear All,

>>> Nifty Hourly Chart <<<

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

Price may face resistance @ 10025 - 10045 - 10070 - 10100 & 10145.

Tuesday, July 25, 2017

Resistance 9980-10010-10040

Dear All,

>>> Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<

9980 - 10010 - 10040 - Resistance must cross. Support 9950 & 9920 must Hold. Cheers!!!


Sunday, July 23, 2017

Weekly Review - 24th July, 2017

Dear All,


FOMC's rate-setting meeting:- Come Tuesday, and all eyes will be on the Federal Open Markets Committee’s two-day monetary policy meeting. The decision on whether rates will rise or stand still will be known on Wednesday (July 26).

According to a Forbes report, the likelihood of an interest rate hike is pretty remote, based on the CME Fed Funds futures. “But what investors might want to take note of is what language the Fed uses when it explains the decision on interest rates. Typically, even one word change can signal a sea change in Fed outlook.”

Many Fed analysts say they expect the FOMC to take a more hawkish view on raising interest rates, considering what Fed speakers have said in recent trips to the dais and Chairwoman Janet Yellen’s recent testimony. But nothing is done until it’s done, the report says further.

F&O expiry:- The market may remain volatile as traders will roll over futures & options (F&O) positions from the near month July series to August series. The July series derivatives contracts expire on Thursday.

Global cues:- On the global front, Japan Manufacturing PMI data for July 2017 will be released on Monday, July 24, 2017; US Manufacturing PMI data for July will be out on Monday, July 24, 2017, when the minutes of last week’s Bank of Japan monetary policy meeting will also be released.

This apart, UK's GDP figures for the second quarter will be unveiled on Wednesday, i.e. July 26. The economic growth expected to be 1.8% YoY and 0.4% QoQ, with the latter seeing an improvement over the 0.2% of Q1. On Friday, the US is scheduled to release its GDP numbers for Q2. Going by the forecast, the growth is expected to be 1.7 per cent QoQ from 1.4 per cent.

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

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

Posted on Last Weekly Review - Price may Resist @ 9920 or 9950.

>>> Nifty Daily Chart - Still Resisting Bulls @ 9930 <<<

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

Can't Cross above 9930 for the entire week.

>>> Nifty Hourly Chart <<<


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

Price must cross and hold above 9930 for a rally towards 10040-45.

>>> BANKNIFTY - Daily Chart <<<

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

Key Resistance @ 24300.

>>> BANKNIFTY - Hourly Chart <<<

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

Two Possibilities may get resisted near 24300-350.

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

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

Posted on Last Weekly Review - Price might be forming a Head and Shoulder.

>>> CNXPSUBANK - Daily Chart <<<

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

3584 High made and Started correcting. If breaks support @ 3484 - then more correction likely. Watch PSU Bank Stocks also.

>>> SBIN - Daily Chart - Correction on Card <<<

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

Price looking for a correction. If above analysis is not wrong - Price should not cross above 294 & 300.

>>> CNXIT - Hourly - Posted on Last Weekly Review <<<

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

Posted 10610-630 as Resistance.

>>> CNXIT - Hourly Chart <<<

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

10790 Next Resistance.

>>> NIFTYMIDCAP50 - Hourly Chart - Posted Last Weekly Review <<<

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

Posted on Last Weekly Review - Channel top as a Resistance.

>>> NIFTYMIDCAP50 - Hourly Chart - Resisted @ Channel top <<<

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

Started correcting after testing the channel top. Caution advised.

>>> CNXMETAL- Daily Chart <<<

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

Previous high 3233 remains as a Resistance.

>>> TATASTEEL - Daily Chart - Holding Short <<<

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


>>> CNXAUTO - Daily Chart <<<

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

11056 Above more rally.

>>> Performance till 21st July 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

>>> INVESTMENT IDEA - MCDOWELL-N - LONG FROM 2350 <<<

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

We are Long from 2350 with a Profit of almost 400 Points. On Weekly chart - Good break out Seen. More Rally on Card. Cheers!!!

>>> N4A - Free Updates <<<


Thursday, July 20, 2017

Watch 9860 Support

Dear All,

>>> Nifty Hourly Chart <<<

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

Watch 9860 and if breaks the Trend line - Caution.

>>> BankNifty - Hourly Chart <<<

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

Price if holds support 23180 or 24000 - May continue to rise.

>>> BRITANNIA - Daily Chart <<<

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

Price might have topped out. Channel top must be crossed for more rally. Cheers!!!

Tuesday, July 18, 2017

Resisted Near 9923-28. Caution Advised

Dear All,

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

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

Wrote on Weekly Review 9923 as a Key Resistance and advised caution.

>>> NIFTY - Daily Chart - Caution Advised <<<

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

Price Resisted near 9923-28 and started falling down, More confirmation needed for Trend reversal.

>>> NIFTY - Hourly Chart <<<

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

Price completed 1-5 rally and started correcting, may find support @ 9800-9760-9700 on the downside.

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

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

BankNifty Posted - Weekly Review - Price may complete its 1-5 rally soon.

>>> BANKNIFTY - Hourly Chart <<<

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

Looks like Price completed 1-5 Rally, If not wrong, Expect correction.

Sunday, July 16, 2017

Weekly Review - 17th July, 2017

Dear All,


Indian equities outperformed global benchmarks despite some geopolitical concerns. CPI data for the month of June continued to be soft despite reports of a spike in fruits and vegetables prices. This along with the weak IIP number opens the door for a possible rate cut in the August monetary policy meeting.

During the week, domestic macroeconomic data points -- Consumer Price Index (CPI), Index of Industrial Production (IIP) and Wholesale Price Index (WPI) -- were released.

Data showed that India's annual retail inflation (CPI) eased to a record low of 1.54 per cent during June -- lowest since 1999 -- while the country's factory output growth (IIP) slowed to 1.7 per cent in May.

Provisional figures from the stock exchanges showed that foreign institutional investors (FIIs) purchased stocks worth Rs 1,259.98 crore, while domestic institutional investors (DIIs) bought scrip worth Rs 2,361.61 crore during July 10-14.

Figures from the National Securities Depository (NSDL) revealed that foreign portfolio investors (FPIs) invested in a total of equities worth Rs 366.44 crore, or $57.01 million, during the week ended July 14.

On the currency front, the Indian rupee strengthened by 14 paise to close at 64.45 against the US dollar from its last week's close.

Also SEBI (Securities and Exchange Board of India) released a report that prohibits promissory notes from taking any unhedged derivative position exposure. It also clarified that 'hedging of equity shares' means taking a one-to-one position in the same stock.

Will the bulls continue their thunderous march in the coming week? Here are the top factors that will guide market direction in the next week.

Q1 report card:- While TCS disappointed the Street with a bigger-than-expected drop in its PAT of 10 per cent to Rs Rs 5,945 crore, Infosys gave some ray of hope, as the IT firm reported a 3.3 per cent sequential drop in net profit at Rs 3,483 crore for June quarter. The numbers beat Rs 3,429 crore profit estimate projected by analysts in an ETNow poll.

The top factors that will guide market direction in the next week :-

Trade deficit widens:- India's trade deficit widened to $12.96 billion in June against $8.11 billion in June 2016, the data released by the Commerce Ministry showed. The exports grew by 4.39 per cent to $23.56 billion in the month under review while the imports shot up by 19 per cent to $36.52 billion in June from $30.68 billion in the year-ago month due to rise in inward shipments of oil and gold.

Will the Dragon spew fire in Q2?:- The world's second biggest economy will unveil GDP data for its second quarter on Sunday, July 16, 2017. It is expected to top the government target to reach 6.6 per cent in 2017, tempering initial worries of a sharper slowdown as Beijing walks a policy tightrope with its quest to crackdown on financial risks and limit damage to the economy, Reuters reported.

The economy grew a surprisingly solid 6.9 per cent in the first quarter, buoyed by a gravity-defying property boom and higher government infrastructure spending which helped boost industrial output by the most in over two years.

The country's industrial production data for June 2017 is also due on Sunday, 16 July 2017.

Bank of Japan policy meet:- Japan's central bank is expected to hold off from expanding stimulus at its two-day rate review ending next Thursday (July 20), as robust exports and private consumption heighten prospects of a moderate economic expansion.

According to a Reuters report, the bank's nine-member board is divided between those who expect a strengthening economy to start pushing up inflation, and those who believe inflation will remain subdued well into next year given Japan's sticky deflationary mindset.

ECB policy meet:- The European Central Bank will hold its rate-setting meeting on July 20, where no big changes are expected.

The bank may drop a reference to its readiness to increase the size or duration of its asset-purchase programme before announcing in the autumn how and when it will start winding down its bond-buying.

These apart, progress of monsoon rains, movement of rupee and crude prices will also impact market in the coming week.

>>> NIFTY - Daily Chart <<<

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

Price may find its resistance 9910-20 or Channel top @ 9950. May be its an end of Rally. If so, We may see a Good Correction.

>>> NIFTY - Hourly Chart <<<

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

Price and RSI broken the wedge - May give a throw back rally if crosses above 9910-9920. Else price may continue to fall below 9845.

>>> NIFTY 5 Mins chart <<<

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

Above is a 5 mins chart - Tried to sold the Puzzle of Bulls. Above 9910-20 may test next Resistance 9950. If breaks below 9845 - May Trigger more sell off till 9806 and 9775.

>>> BANK NIFTY - Daily Chart <<<

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

Bank Nifty May trigger may rally above 23860-23900.

>>> BANK NIFTY - Hourly Chart <<<

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

Bank Nifty Hourly Chart Suggest 23990.


>>> BANKNIFTY - 5 Mins Chart <<<

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

5 mins also suggest Resistance @ 23980-23990.

>>> PSUBANKNIFTY - Daily - Posted on 06th July 2017 <<<

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

Posted on 06th July, 2017 > Price may rally above 3420.

>>> PSUBANKNIFTY - Daily - Happened <<<

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

Above Chart looks like a H&S, Resistance 3560 & 3590 if not crossed - Caution on all PSU Bank Stocks.

>>> CNXMIDCAP50 - Daily Chart - Posted on Last Weekly Review <<<

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


Posted on last weekly review - above 4655 - may test 4720.

>>> CNXMIDCAP50 - Daily Chart - Almost tested near 4720 <<<

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

4720 is a Stiff resistance - above may test 4735-40. Caution on all Mid Cap Stocks also.

>>> CNXIT-Hourly- Posted on Weekly Review <<<

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

Posted 10040-45 as a Good Support

>>> CNXIT - Hourly - Support @ 10240-10260 <<<

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

CNXIT - Resisted at 10610-630. Support if breaks below 10240-10260 more fall likely. Watch IT Stocks.

>>> CNXMETAL - Daily Chart - Posted on 11th July 2017 <<<

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

Posted on 11th July, 2017, 3150 as a Key Resistance. Watch Metal Stocks with Caution if 3150 unable to cross.

>>> VEDL - Daily Chart - Posted on 11th July 2017 <<<

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

Posted as 263-264 as Key Resistance.

>>> VEDL - Hourly Chart - Hold Short till 267.70 <<<

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

Remain short till it breaks above 267.7.

>>> CNXAUTO - Daily Chart - Caution Advised <<<

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

Auto Index looks week and facing Resistance @ 10955-560, If not crossed - Expect Correction. Caution on all Auto Stocks.

>>> ASHOKLEY - Daily Chart <<<

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

Resistance @ 107.50 - 108 - If not crossed - Expect Correction.

>>> Performance till 14th July 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.