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 <<<