Thursday, August 31, 2017

Resistance @ 9935 & 9965

Dear All,

>>> Nifty Hourly Chart <<<


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Resistance @ 9935,9950 & 9965.

Wednesday, August 30, 2017

Next Resistance @ 9935 & 9950

Dear All,

>>> Nifty Hourly Chart <<<

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We have booked our Long with 100+ Point Profit today. So Next Price may Resist near 9935 or 9950.

>>> Bank Nifty Hourly Chart <<<

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Price if trades above 2436-380 may test upper channel as shown on chart. Cheers!!!

Tuesday, August 29, 2017

Support @ 9785 & 9740

Dear All,



World stocks tumbled and safe-haven assets jumped on Tuesday after North Korea fired a missile over northern Japan, fuelling worries of fresh tension between Washington and Pyongyang. "However observers believe it won't be enough to trigger a material reaction from the United States-South Korea axis. It wouldn't be surprising, then, if investors take advantage of this geopolitical fear to buy the dips.

North Korea fired a missile that flew over Japan and landed in the Pacific about 1,180 km (735 miles) off the northern region of Hokkaido in a sharp escalation of tensions on the Korean peninsula. North Korea has conducted dozens of ballistic missile tests under young leader Kim Jong-Un, but firing projectiles over mainland Japan is his first.The missile flew across Japan this time, so the implications will likely be a bit different from previous ones.

Japanese Prime Minister Shinzo Abe called the missile test an “unprecedented, grave and serious threat that seriously damages peace and security in the region.”

North Korea threatened this month to fire missiles into the sea near the US Pacific territory of Guam, host to major US military installations, after US President Donald Trump warned that Pyongyang would face "fire and fury" if it threatened the United States.

>>> Nifty Hourly Chart <<<

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First Fall got support @ 9740 and Hence if Second fall manages to hold 9785 - Expect a bounce back tomorrow.

>>> Bank Nifty Hourly Chart <<<

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Price if manages to hold 24100-105 - Expect bounce again.

Sunday, August 27, 2017

Weekly Review - 28th August, 2017

Dear All,


Q1 GDP numbers:- GDP figures for April-June quarter is slated to release on August 31, Thursday, post market hours. The data holds colossal significance for Prime Minister Narendra Modi government, which introduced two landmark reforms in the country, in a span of seven months, viz demonetisation and GST. It would be interesting to watch how the GST (goods and services tax) impacted the economy after two months of its rollout.

The economy clocked 6.1 per cent of growth rate in the January-March period, its lowest pace of growth in last nine quarters, mainly due to demonetisation. While analysts predict growth will rebound to 6.9 per cent in April to June, Morgan Stanley says the headline number will be flattered by the GDP deflator as inflation slowed, according to a Bloomberg report.

F&O expiry of August series:- The market may remain volatile as traders roll over positions in futures & options (F&O) segment from the near month August 2017 series to September 2017 series. The near month July 2017 derivatives contract expire on Thursday, August 31.

On the options front, maximum Put open interest was seen at strike price 9,800 followed by 9,500 and 9,700 while maximum Call OI stood at 10,000 followed by 10,100 and 9,900. Fresh Put writing was seen at all strike prices from 9,500 to 9,900 while Call writing was witnessed at 9,850 and 10,000 levels.

Auto stocks to hog limelight:- Auto stocks will remain on investors' radar as these companies will start reporting sales data for August, starting from Friday. The automakers posted a robust sales data for August.

Manufacturing PMI for August:- India's manufacturing PMI for August will be released on September 1 after market hours. The manufacturing industry suffered a contraction in July due to disruption in demand and production caused by the rollout of the good and services tax (GST).

The Nikkei India Manufacturing Purchasing Manager's Index (PMI) - an indicator of the economic health of the manufacturing sector derived from monthly survey of companies - stood at 47.9 in July, its lowest mark since February 2009. A reading below 50 indicates contraction and above 50 on the index indicates expansion. The index reading was 50.9 in June.

Brexit talks:- The third round of Brexit talks between the UK and the EU's chief negotiators is expected to begin in Brussels on Monday. A government source to Reuters said Britain would point to the papers it has published over the past two weeks on both the future relationship and the divorce to show how officials have been working "diligently to inform the negotiations".

According to a report by the Financial Times, the release of official papers by Whitehall over the past two weeks has signalled that the UK is becoming more realistic about what it can achieve, as Theresa May's government hopes to persuade the EU to move from phase one of the talks (the Brexit divorce) to phase two (the EU-UK trade relationship) at the October meeting.

Global cues:- Heightening tensions once again, North Korea fired three short-range missiles into the sea on Saturday amid US-South Korea military drills. Any development on this front is capable to influence markets the world over. This apart, US GDP data for Q2 and jobs data for August will be keenly watched by the investors across the globe. According to reports, the US economy is expected to see QoQ growth of 2.7%, an upgrade from the 2.6% estimate a month earlier. On jobs front, 185K jobs expected to have been created, from 209K a month earlier. Jobless rate forecast to remain at 4.3%, while average hourly earnings expected to be 0.3%, in line with a month earlier.


>>> Nifty Daily Chart <<<

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


Price managed to hold 9685 & 9740 as Higher low shows Bulls may gain upper hand on coming days.

>>> Nifty Hourly Chart <<<

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Price faces resistance at 9885 - 9920 - 9950 if breaks above may give more rally.

>>> BankNifty Daily Chart <<<

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23820 & 23880 Key Support.

>>> Bank Nifty Hourly Chart <<<

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Price must cross above the channel top.

>>> CNX-Pharma - Daily - Posted Last Weekly Review <<<

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


Wrote More rally ahead.

>>> CNXPHarma - Hourly Chart <<<

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Price may rally More till 9070 & 9230. Watch all Pharma Stocks.

>>> CNXPSU-Banks-Hourly Chart <<<

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All PSU Banks may rally.

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Wednesday, August 23, 2017

Support @ 9840. Resistance @ 9885 & 9910

Dear All,

>>> Nifty Hourly Chart <<<

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


Mentioned Yesterday - 9740 as a good support. Today send on whatsapp that Key resistance @ 9840. Next Resistance @ 9885 & 9910.

>>> Bank Nifty Hourly Chart <<<

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We are Holding long in BN also. Cheers!!!

Tuesday, August 22, 2017

Support @ 9740.

Dear All,

>>> Nifty Hourly Chart <<<

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

Price still holding 9740 Key Support. We Covered our Short today with 160+ Points Profit.

>>> BankNifty Hourly Chart <<<

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Covered our Short near 23980-990 level. Short given @ 24500.

Sunday, August 20, 2017

Weekly Review - 21st August, 2017

Dear All,


Almost seven months to the day President Donald Trump took office, his “Make America Great Again” agenda has been eclipsed by political turmoil that is threatening to unravel a record-breaking rally in stocks. After a chaotic few days that culminated with the resignation of White House strategist Stephen Bannon, doubts over whether the embattled president will be able to deliver on his business-friendly policies have started to seep into the market.

Much of the market’s gains since Trump’s election win have been underpinned by hopes that the president will push through tax cuts and roll back regulations that had hobbled U.S. corporations. But that all changed as Trump’s combative style increasingly alienated those within his own party, making it more difficult for the president to secure legislative support for something as complex as tax reforms.

Key Important Data :-

Markit Economics will announce Nikkei Flash Japan Manufacturing PMI for August. The Nikkei Japan Final Manufacturing PMI fell to 52.1 in July 2017, compared to a preliminary reading of 52.2 and a final print of 52.4 in June.Markit Economics will announce Nikkei Flash Japan Manufacturing PMI for August. The Nikkei Japan Final Manufacturing PMI fell to 52.1 in July 2017, compared to a preliminary reading of 52.2 and a final print of 52.4 in June.

Cues from Jackson Hole :-

Top central bankers, including US Federal Reserve's Janet Yellen and ECB's Mario Draghi, will meet for their annual get-together at Jackson Hole, Wyoming, to discuss everything that matters to the global economy. Several of the developed world's central banks appear to be on the cusp of beginning a windback of the massive monetary stimulus injected into their economies since the global financial crisis. Proceedings and outcome of the summit will be watched closely by investors across the globe.

Trump policy agenda :-

The resignation of a number of top CEOs from US President Donald Trump's manufacturing council following weak initial response to the Charlottesville White Nationalism March and the sudden ouster of White House Chief Strategist Steve Bannon have ignited fresh tensions in the US political environment. These developments have raised more questions about the Trump administration's ability to implement its pro-growth agenda. Markets across the globe, including India, are likely to see an impact from any significant developments in the US.

RBI on PSU Banks :-

RBI Governor Urjit Patel on Saturday said state-run banks need more capital to resolve bad loan problems weighing on their balance sheets. He said the regulatory challenges of tackling bad loans were compounded by weak capital positions of some banks, particularly those owned by the government. Finance Minister Arun Jaitley on Saturday said the new insolvency law now sides more with the lenders, as the slew of changes in the existing laws are aimed at speeding up NPA resolution. This is definitely going to boost banks, which are reeling under Rs 8 lakh crore of non- performing assets (NPAs) or bad loans. PSU banks alone account for about 75 per cent of total bad loans.


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

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Wrote last weekly review - Channel support to help bulls.

>>> Nifty Daily Chart <<<

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


Price resisted near 9930 or 9950 - may find its support @ 9780 and 9740.

>>> Nifty Hourly Chart <<<

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Support @ 9780 & 9740.

>>> BankNiftyDaily - Posted Last Weekly Review <<<

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Posted on Last Weekly review - Chanel Support to help Bull.

>>> Bank Nifty Daily Chart <<<

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Price managed to raise from the channel - resisted near 24500. Support @ 23980 & 23830.

>>> Bank Nifty Hourly Chart <<<

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Resisted @ 24500. Support @ 23980 & 23830 - 23800.

>>> CNXPharma - Daily - Posted Last Weekly Review <<<

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Posted on last weekly review - If the trend line support holds, Expect more rally.

GOVT. PROPOSES NEW DRUG POLICY - GOVT. TRYING TO CONTROL THE PRICING OF DRUGS.


The government has proposed dramatic changes to regulations that keep a check on prices of medicines and medical devices in order to prevent profiteering and deliver affordable healthcare to patients. The Department of Pharmaceuticals has drafted a new pharmaceutical policy that proposes to balance the need for price control over medicines with the Union government’s push for ease of business and “Make in India” programme – this time for the domestic pharmaceutical industry.

If the draft is accepted, the National Pharmaceutical Pricing Authority, which on Wednesday capped the prices of orthopedic knee implants bringing costs of the basic model down 65% from current market prices, will lose substantial powers and heft. In its place, the Union government will gain a greater role in deciding prices of medicines and medical devices. The likelihood of price caps being imposed on patented medicines will go down.

At the same time, the draft policy requires pharmaceutical manufacturers to sell their medicines under generic names and not under differently-priced brands. The policy also proposes that illegitimate promotion of medicines would attract legal action and will not be left to self-regulation by industry.

The authority has the powers to fix the maximum price at which medicines and several medical devices can be sold to patients. These include medicines and devices that have been specifically listed by the Union government for price control. But, the authority also has discretion to put a cap on the price of any medicine or medical equipment under extraordinary circumstances for public interest.The draft does clarify that the ceiling price of regulated medicines will be linked to changes in the wholesale price index.

What the new draft policy does not indicate is whether it will change it basic formula for fixing the prices of essential medicines and medical devices. At the moment the price cap is calculated on the basis of market prices of medicines being sold in the market. Earlier the cap was built on a cost plus model, in which the authority would calculate the costs incurred by the manufacturer and then put a cap above that to limit profits at all levels in the supply chain.

The authority was envisaged as a body of independent experts consisting of a Chairperson with the rank of a secretary to the government. Additionally it was to have members with expertise in the field of pharmaceuticals, economics and cost accountancy and a member secretary. The authority’s website says it currently has an IAS officer as chairperson and a member secretary as full time officials. The Drugs Controller General, an economic advisor from the department of economic affairs and an advisor from the department of expenditure as other members. If the policy is adopted, along with the chairman, the authority will have a member (enforcement) and a member (pricing), who will be selected by the government. Decisions of the authority will be made by consensus of these three members.

The policy also seeks to bring down the unreasonable trade margins offered by various stockists to hospitals.

As I Feel like the Pharma Sector may loose its shine - if the Policy gets implemented. Just like Sugar Industry - Govt. had the entire control of fixing prices and allowing the ceiling limit for Export, Pharma industry may fall in the same category. If so, It may lose its shine.

>>> CNXPharma = What's Next?? <<<

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Price started bouncing from the Trend line support, shows some more rally ahead.

>>> CNXIT - Daily Chart <<<

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Infosys: Vishal Sikka's resignation and a open war between board and a co-founder and promoter following a ‘misguided’ campaign – as the company’s board called it – by none other than the company’s co-founder NR Narayana Murthy, caused the stock to plunge 6.5 per cent for the week.


Once INFY was called for its best Corporate Governance Board, now in trouble. Many Rating agencies have or Might downgrade the stock in near future. Already the Entire IT Industry and Out Sourcing is in Deep trouble, INFY's Internal issue not good for the entire Industry as a whole. Currently risk facing for the company is the possible movement of clients and employees amid the uncertainties.

Previously the industry has gone through, and survived, trying times before, such as the dot-com crash of the early 2000s and the 2008 financial crisis. Same Optimism might work this time also. However, not all firms will do well, or even survive, in the new, hyper-competitive global business environment. Only firms that continually upgrade their capabilities and offerings in line with emerging technologies and market imperatives can hope to survive and even prosper in this environment.

>>> CNXPSUBanks - Daily Chart <<<

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


Country's largest lender SBI accounts for over 27% of the total amount owed to public sector banks by wilful defaulters. As many as 1,762 wilful defaulters owed Rs25,104 crore to State Bank of India as on 31 March, putting pressure on its balance sheet.
Punjab National Bank (PNB) is next on the list with 1,120 wilful defaulters having outstanding non-performing assets (NPAs) or bad loans of Rs12,278 crore. Together these two banks account for Rs37,382 crore or 40% of the total outstanding loans. Total outstanding loans due to public sector banks by wilful defaulters amounted to Rs92,376 crore, according to the Finance Ministry data.

The total outstanding loans by wilful defaulters rose to Rs92,376 crore at the end of financial year 2016-17, from Rs76,685 crore at the end of last fiscal 2015-16 -- up 20.4%. At the same time, there has been close to 10% increase in the number of wilful defaulters on annual basis. It increased to 8,915 at the end of March as against 8,167 in the previous fiscal. Out of 8,915 cases of wilful defaults, banks have filed FIR (First Information Report) in 1,914 cases with outstanding loans of Rs32,484 crore. During 2016-17, 27 public sector banks, including SBI and its five associates had written off Rs81,683 crore, the highest in the last five fiscals.

The amount was 41% higher than that in the previous fiscal. Gross NPAs of the public sector banks rose to Rs6.41 lakh crore at the end of March 2017 as against Rs5.02 lakh crore a year ago.

Above data's doesn't sounds good for the entire PSU Banking Pack.

State-run banks will need more capital to resolve bad loan problems weighing on their balance sheets, Reserve Bank of India Governor Urjit Patel said on Saturday, adding his voice to calls for increased capital injections into lenders. More than $150 billion of bad debt is crimping credit growth in Asia's third-largest economy and the government and central bank have been trying to ease the burden on state-run lenders.


Extra capital could be raised either by getting funds from the market, through the government diluting its stake in state-run banks, through additional government capital infusions, or the sale of non-core assets and mergers among lenders, he said.

Moody's Investors Service said in June that the 11 Indian state-run banks that it rates could need up to 950 billion rupees ($14.8 billion) in equity capital by March 2019, far above the 200 billion rupees the government plans to inject into state banks by then.

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Thursday, August 17, 2017

Resistance @ 9930 & 9990

Dear All,

>>> Nifty Hourly Chart <<<

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

Price may rally further if manages to cross above 9930 & 9990.

>>> Bank Nifty Hourly Chart <<<

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Resistance @ 24400-420 and 24610 > above price may rally more. Cheers!!!

Wednesday, August 16, 2017

Next Resistance @ 9930 & 9990-10000

Dear All,

>>> Nifty Hourly Posted on Monday <<<

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

Wrote on Monday - Price may test the Resistance @ 9886 & 9935.

>>> Nifty Hourly - We Booked Profit 170 Points Profit <<<

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Booked 170 Points Profit. Next Resistance @ 9930 & 9990. Cheers!!!

Tuesday, August 15, 2017

Support @ 9725 & 9780

Dear All,

>>> Nifty Hourly Chart <<<

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

Support @ 9725 & 9780. Resistance @ 9840 - 9886 & 9935.

Sunday, August 13, 2017

Weekly Review 14th Monday, 2017

Dear All,


Macroeconomic Data:- The 'Big Three' indicators, viz IIP data, WPI inflation and retail inflation are likely to have a major say during the coming week. Among these, IIP data has already been released and the numbers are nothing but a total disappointment. Industrial output entered the negative territory in June, contracting 0.1 per cent mainly due to decline in manufacturing and capital goods sectors, reported PTI. Factory output, measured in terms of Index of Industrial Production, grew 8 per cent in June 2016. This is the first time in the current fiscal that the industrial output has shown a decline. The IIP grew by 3.4 per cent in April and 2.8 per cent in May as per the revised estimates released on Friday.

The inflation data based on wholesale price index (WPI) for July 2017 will be announced during market hours on Monday, August 14, 2017. WPI had eased sharply to its lowest level this year to 0.9 per cent in June from 2.17 per cent in May.

Retail inflation or consumer price-based inflation (CPI) for July 2017 will also be released on Monday after market hours. CPI had slowed to 1.54 per cent in June from 2.18 per cent in May.

Geopolitical tensions: The war of words between the US and North Korea escalated during the week as North Korea on Saturday said its army was on standby to launch attacks on the US.

North Korea’s state-run newspaper said its leader Kim Jung Un’s revolutionary army is “capable of fighting any war the US wants," reported New York Post.

Fed minutes:- The Federal Open Market Committee will issue minutes of its last monetary policy meet held on 26 July 2017, on Wednesday (August 16, 2017). As expected, the US Federal Reserve kept the policy rate unchanged at its latest meeting.

The Fed remained accommodative of monetary policy stance. However, it signalled the start of a reduction in balance sheet ‘relatively soon’ ((most likely in September). The movement of US dollar, precious metals and global indices will be keenly watched after the release.

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

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

On 31st July,2017 Weekly REview - Have Posted - Price may correct any time. See what happened.

>>> Nifty Weekly Chart - Fall may continue <<<

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As expected - Price started falling. Expect more such correction also.

>>> Nifty Daily Chart - Posted on 11th Aug, 2017 <<<

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

Mentioned on Friday Post, Price may take support near 9680 or 9710.

>>> Nifty Daily Chart - Up move Possible <<<

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Price made a Bullish candle near the channel support. 9710 or 9680 must hold.

>>> Nifty Hourly Chart <<<

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Price completed Wave c or iii. If this is not wrong - Expect some relief rally.

>>> Bank Nifty Weekly Chart - Posted on 31st July, 2017 Weekly Review <<<

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Posted on 31st, July 2017 - Channel may Resist for a Possible Correction.

>>> Bank Nifty Weekly - Happened - Selling May Continue <<<

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As expected Price started correcting.

>>> Bank Nifty Daily Chart <<<

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Channel Support @ 23820-30 if Holds - Expect recovery.

>>> Bank Nifty Hourly Chart - Posted on 03rd Aug, 2017 <<<

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Posted on 03rd Aug, Fall can be till 24070. See what happened.

>>> Bank Nifty Hourly Chart <<<

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23820-30 Support.

>>> CNX-PHARMA - Posted on 31st July - Weekly Review <<<

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Wrote as below 9450 - more fall.

>>> CNX-PHARMA - On Support <<<

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Expect a Bounce Back Rally - If price hold the support line.

>>> Performance till 11th Aug, 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.

>>> DRREDDY - What's Ahead <<<

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Price if manage to hold with in 1-5 counts - Might be a Turn around story for the stocks. Lets wait and see for next week. Cheers!!!

>>> WhatsApp & N4A <<<