Support 6240 & 6210

Dear All,

>>> Nifty Hourly - As Updated on Weekly Review <<<

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

On last updated wrote Nifty hourly chart may give a IHS pattern.


>>>> Happened and Yet to <<<<

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

Fall started as expected, If breaks the mentioned supports on chart, may trigger a sell near to 6180 and 6135 also. Lets See.


>>> ICICI Bank <<<

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

ICICI Bank broken a crucial support. We are short in this counter. Hope to fall more from here onwards. Lets see.

Weekly Review 05.11.2013

Dear All,

Diwali is really a fire work for stock market. Good Bull move, Particularly on PSU Bank Stocks on last week give lot of confidence to many traders and investors too. No doubt many are going to enter the stock market again after this Diwali. But still there are some doubts about the current move. Will this rally sustain ??? Is this a real Bull move ? Is this a Bear Trap ? Many Questions from traders and Investors. So here I'm giving a detail analysis on Nifty, Bank Nifty and some important Stocks too. May be I'm right or Wrong !!! But it may clear some of your doubts and it might help you to move forward.

I wish you all my Readers A Very Happy , Colorfull and Profitable DIWALI and may bring you lot of happiness and Profit in this Diwali onwards. God Bless you all.

>>> NIFTY - MONTHLY CHART <<<

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

Presenting the monthly chart this week. Break out on RSI & MACD shows the strength of the Bull. So if you ask me will this market continue to go up, Will there won't be any more correction, My answer is this is a fake or 'Sucker's' Rally. As I wrote on previous weeks, Nifty should see 6500+ soon. So from there we should see a correction. Don't know big Crash or its may be just an small fall. But I cross my finger till it reaches my first target on the upper side as said before. Come Lets see what the other charts says in Nifty also...

>>> NIFTY - WEEKLY - Updated on last Weekly Review <<<

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

Last Week wrote Nifty should touch or cross previous high. Nifty almost near to previous high, made 6332.55. Lets see what this weeks Chart tell about ?

>>> HAPPENED AND YET TO <<<

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

Indicators kept moving and Price too. If the Previous high crossed we may see 6500+ soon.

>>> NIFTY - DAILY - Updated on last Weekly Review <<<

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

6340 First Target said last week. You all know what happened. If able to cross 6340 then 6500 becomes reality. So whats up for this week...?

>>> HAPPENED AND YET TO <<<

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

Reverse Head and Shoulder ??? Can you believe it ??? Yes its true. But What I feel is this IHS may not be effective. Since its happening on the top of the chart. Secondly I feel Nifty may see only till 6500+ there after we may see some or sharp correction.

>>> NIFTY - HOURLY CHART - Updated on Last Weekly Review :- <<<<

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

Nifty took support near 6090 as expected last week. Lets see whats next...

>>> HAPPENED AND YET TO <<<

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

Nifty Hourly - If unable to cross 6340 then possible to correct near to 6200 before a meaningful bounce near to our target 6500+.

>>> BANK NIFTY - As Updated on Last Weekly Review <<<

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

Last week mentioned that Bank Nifty should move till fib levels 61.8% and 78.6% on the upper side. Ever one know what happened last week, Bank nifty zoomed and crossed 61.8% or 11486 as expected. So whats next ??? Scroll down for interesting chart of Bank Nifty below .

>>> HAPPENED AND YET TO <<<

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

11695 channel resistance for Bank Nifty. If crosses this level as shown on chart, then Next target 78.6% we may see soon on screen.

>>> BANK NIFTY - HOURLY <<<

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

12334 should come to reality on Bank Nifty as shown on chart above.

>>> DIWALI SPECIAL - 4 BEST STOCKS REPORT <<<

>>> STATE BANK OF INDIA <<<

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

1976 Crucial Resistance - If unable to cross then expect a fall once again. If crosses above then worst is over for the stock.

>>> TATA MOTORS <<<

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

Tata Motors completed A-B-C-D-E Upmove. If I'm not wrong, should start correcting once it breaks the upper end of the channel. On the contrary if stays above the channel may move up higher also.

>>> INFY <<<

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

INFY if can trade above the channel - Wave C on the downside should start. I hope INFY should be the first destroyer for Bull. But if trades above the channel, may see one more up move.

>>> TATA STEEL <<<

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

Tata Steel should move a little bit to get resistance on the above channel as shown on chart. If able to cross then Bulls should continue with Stocks. Else may correct again.

>>> Block Buster Chart of the Week <<<

>>> Rcom - As Updated on 29th Oct 2013 <<<

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

>>> Happened <<<

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

Done second Target. Now if breaks above the channel - then a Flag Pattern Break out may push the stock to new high.

>>> PERFORMANCE <<<

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

Resistance 6340 & 6402

Dear All,

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

Nifty moving towards next resistance 6340 & 6402. Trend line resistance crucial. Lets see.

>>> Rcom-Update <<<

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

Rcom done our first target. We take first target for our performance. More upside left until price touches the upper channel as shown on chart. Cheers!!!

Nifty 35 Month High !!! Expiry & FOMC ????

Nifty hit 35 Month high. Will FOMC Decision will Spoil Sport ????

A day ahead of the word on US Federal Reserve's 85 billion-a-month bond buying program also known as QE3, Indian stock market was fuelled by what could be its last inflow of foreign liquidity if Fed decides to give a Diwali cracker and choses to announce a date for tapering QE3, earlier than what is expected. Analysts however agree this will not be the case as US Fed will be looking for more tangible signs of an economic recovery. However, analysts widely believe that tapering will not begin until March 2014.

The October government shutdown is also believed to have slowed down the economy in Q4. "It will be 2014 before we are able to see a number of months of economic data that may convince the FOMC that the recovery is continuing at a solid pace," said Rabobank Financial Markets.

Market is expected to remain volatile tomorrow as Indian investors mull over taking or rolling over positions into November series F&O contracts.

>>> NIFTY <<<

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

Nifty made a New High - But caution advised as I feel the 5 wave upmove might have ended. FOMC decision should be the eye opener. Lets wait and See.

>>> Rcom - As given Yesterday <<<

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

>>> Happened <<<

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

6090 on Hold.

Dear All,

>>> Nifty - As given Yesterday <<<

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

Said 100 hr moving average 38.2% Fib Level are Good Support.

>>> Happened and Yet to <<<

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

Nifty moving up as expected. Previous high 6252 very crucial for Next Move towards New High. Lets wait and see.

>>> Rcom <<<

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

Rcom Should Zoom.

Support 6090 & 6040

Dear All,

RBI's second quarter review of monetary policy due tomorrow

The markets are close to their all-time highs, and this is a disconnect with the country's macro economic situation.

Inflation is still high (thanks to ONION) which might make the Reserve bank of India ( RBI) raise policy rates again when it meets tomorrow (October 29).

The RBI is an inflation fighter. In all likelihood, therefore, the RBI will raise the repo rate by 25 basis points to 7.75% and, possibly, cut the interest rate on its marginal standing facility at which banks borrow from the RBI by a like amount.

Inflation, both at the wholesale and consumer levels, is well into danger zone. Against the RBI's projected average rate of 5.5% for 2013-14 and target rate of 5% for March 2014, wholesale price index inflation was an unacceptably high 6.46% in September 2013 and the consumer price index is close to double digits.

The markets are likely to take cues this week from the outcome of RBI's second quarter review of monetary policy, US Federal Reserve meeting and F&O Derivative expiry due on Thursday.

US Federal Reserve will hold policy meet on October 29 and expectations are it maintains its 'status-quo' stance on tapering. The Fed's policy-setting arm meets on Oct 29-30 and is expected to hold off any move to scale down its $85-billion monthly bond-buying programme.

On the domestic front, markets are factoring in minimum of 25 bps rate from the Reserve Bank of India (RBI). However, any negative surprise on future guidance of rates will upset the trend and we may see some correction.

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

Weekly Review - 28.10.2013

Dear All,

>>> NIFTY WEEKLY <<<

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

Weekly Chart suggest more upside left. RSI & CCI indications break out shows greater strength for Bulls. Bear Traders should remain cautious.

>>> NIFTY - DAILY - As published on Last Weekly Review <<<

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

So lets see what happened this week too.

>>>> Happened and Yet to <<<

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

Crossed the previous high as wrote last week, but unable to hold. Also if break the low mentioned on chart - then bear may get first sell signal. Should wait and watch.

>>> NIFTY - HOURLY - As given on Last Weekly Review <<<

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

>>> Happened and yet to <<<

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

Two alternative discussed on Hourly chart. Lets wait and see.

>>> BANK NIFTY - DAILY <<<

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

Notes on the chart.

>>> Block Buster Chart of the Week <<<

>>> LT <<<

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

>>> HCL Tech <<<

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

>>> CIPLA <<<

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

>>> IDFC <<<

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

>>> ICICI BANK <<<

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

>>> Chart of the Week - Bank of Baroda <<<

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

>>> Performance <<<

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

Profit Booking or Correction ???

Dear All,

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

After breaking 6220 nifty made a fresh high of 6252 and started falling till the bottom of the channel. Now again 50 Hr MA got support along with the channel. Lets see how it work for tomorrow as usual.

>>> ICICI Bank - As updated on 22nd OCt, 2013 <<<

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

>>> Happened <<<

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

After a lot of consolidation - Price broken out and hit the target. Patience Paid.

>>> IDFC - As updated on 22nd Oct 2013 <<<

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

>>> Happened and Yet to <<<

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

IDFC booked some part profit near 106. IDFC made a high of 105.80. Looking for some more upmove soon.