Weekly Review - 20.04.2015

Dear All,

Nifty ended at its lowest levels in the past two weeks as selling pressure extended for the third straight session. The Nifty finally closed at the day's low at 8606, down 100.70 points or 1.16 per cent on Friday.

Equity markets remained under pressure for the third consecutive session, and analysts across Dalal Street advice caution going into next week as benchmark indices could slip further from the current levels.

"The market is clearly weakening and you will have several more days of such sharp falls next week," says Ashwani Gujral, Fund Manager. Midcaps, which are yet to show sharp decline, may well come under the hammer, he adds.

"Every time there is some saving grace, but this time everything seems to be weakening together and that should lead to a fairly strong correction. So if you cannot take short positions, do not enter and move to the sidelines," he adds.

Gujral further cautions that investors should not go and buy on the dips because this time the dip could be hard. This could be because the way the market is reacting, chances are Monday morning on the back of good results you may have a 50 point gap up and then the sell off starts.

Meanwhile S&P dropped 1.1% on Friday, its biggest decline since March 25. Equities lost ground after industrials Honeywell International and General Electric took hits from the strong dollar, while concerns over new trading regulations in China and Greece's place in the euro zone dented sentiment.

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

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

Last Week it was a clear sign of break out from RSI, as Price at the edge of an important resistance 8794.

>>> Nifty Daily - Happened & Yet to <<<

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

Crossed 8794, but unable to hold aboe it. Price and RSI are reversing after a break out. Almost a 250 Points correction from the high of 8844.

>>> Nifty Hourly <<<

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

Its a clear picture - How Price was traveling so far with break out. But the current break out - losing its control after a 250 point correction. Lets wait for more confirmation to move ahead.

>>> Nifty Hourly Chart <<<

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

8557 and 8489 may support the bulls. Channel support also looks important at current juncture. Need confirmation on either side to move ahead.

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

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

Last weekly review - Bank Nifty Daily chart - got a clear support from the channel and bounced back.

>>> Bank Nifty Daily - happened and Yet to <<<

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

Clearly resisted from the Head and Shoulder Neck line, Hence the sell of was so heavy and pushed down alomost 700 Points. We Have Booked out Long near 19000 with 1000 Point Profit. So now again the channel or the middle levels support should rescue the Bulls once again. Lets see it more clear on Hourly chart.

>>> Bank Nifty Hourly Chart <<<

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

So its clear why Bank Nifty had this much sell off last week, Lets also see whats the options left for bulls to recover.

>>> Bank Nifty Hourly Chart <<<

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

So above hourly chart, suggest Cross over still not yet turned negative. So, if price able to hold the supports given on chart, possibly may give a reversal. On the other side, if the bottom gets breaks, then fall to continue.

>>> ALBK - Posted on 08th Apr, 2015<<<

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

Wrote on 08th April to buy ALBK. See what happened.

>>> ALBK - Happened <<<

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

Booked Profit @ 109. Profit Rs.20,000.

>>> DRREDDY <<<

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

Stock still falling. We have done Profit @ first Target 3660 with Rs.15000/-.

>>> Tata Steel - Posted on 09th Apr, 2015 <<<

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

It was a clear break out from the falling wedge, said to buy on 09th April. See what happened.

>>> Tata Steel - Happened <<<

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

comfortably closed above 50dma, get ready for a fast upmove. Buy on every dips.

>>> Performance till 18th Apr, 2015 <<<

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

Send email to niftyforall@yahoo.com for our service details.

>>> We are on WhatsApp also <<<

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

We are on Whatsup

Dear All,

Support @ 8642, 8625 & 8587

Dear All,

>>> Nifty Hourly Chart <<<

>>> Click the chart to see on full sc reen <<<

8642 if holds, may see an good bounce. 8625 and 8557 may act as a support, if breaks then fall to continue.

>>> Bank Nifty Hourly Chart <<<

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

18535 if holds, then recovery possible.

>>> DRREDDY <<<

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

Booked Profit Rs.15000/-

Resisted @ 8848. Key Support @ 8612 & 8586

Dear All,

>>> Nifty Hourly Chart <<<

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

AFter Crossing 8794 and a RSI break out - Nifty today resisted @ 8844-48. 50 Hour Moving average gave a support @ 8720. Next Support @ 8612 or 8586.

>>> Bank Nifty Hourly <<<

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

We booked 1000 Points or Rs.25000/- Profit today. We are long since 18000 and Booked @ 19000.

>>> ALBK - Posted on 08th April, 2015 <<<

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

Advised to take long on ALBK. See what happened.

>>> ALBK - Happened <<<

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

Booked near 109 or Rs.20,000/- Profit.

Above 8794. Next 8938

Dear All,

The fall in retail inflation in March to a 3-month low of 5.17 per cent provides leeway to the Reserve Bank (RBI) to resume its rate-cutting cycle, India Inc said.

The RBI has lowered interest rates by a total of 0.50 per cent since January 2015 outside the policy cycle this year.

However, in its latest policy review on April 7, RBI Governor Raghuram Rajan kept repo rate unchanged, awaiting clarity on impact of unseasonal rains on food inflation even as he wanted banks to pass on benefits of the previous two rate cuts.

Easing of food prices, mainly milk and vegetables, pulled down the March retail inflation.

The retail inflation as measured by Consumer Price Index was 5.37 per cent in February, and 5.19 per cent in January. It was 8.25 per cent in March last year.

The easing prices of milk, vegetables and fruits brought down the overall food inflation to 6.14 per cent in March, from 6.79 per cent recorded in February.

Inflation declined for 'cereals and products', although it was up in the case of protein rich items like 'meat and fish', as per the government data released today.

The rate of price rise in the food and beverages segment as a whole was 6.2 per cent in March, lower than 6.76 per cent in the previous month.

The CPI-based retail inflation has been calculated with a new base year of 2012.

Inflation in the fuel and light segment was 5.07 per cent last month, up from 4.72 per cent in February.

In the housing segment, inflation was 4.77 per cent last month, as compared to 4.98 per cent.

For the rural segment, the overall retail inflation was 5.58 per cent in March and 4.75 per cent for urban centers.

>>> Nifty Hourly Chart <<<

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

Crossed 8794, Next Resistance @ 8938. Lets see an alternative count on 5 mins chart also.

>>> Nifty 5 Mins Chart <<<

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

As per levels given on chart.

Weekly Review - 13.04.2015

Dear All,

Markets have registered gains for the second straight week after global rating agency Moody’s raised India’s credit outlook to ‘positive’ from ‘stable’, anticipating policymakers' actions will lift India’s economic growth.

A stellar performance by Reliance Industries’ (RIL) after a significant recent gas discovery, MJ-1, coupled with a strong rally in the fast moving consumer goods (FMCG) stocks on renewed buying interest at attractive valuations lifted the benchmark indices higher.

In the week ended April 10, the 30-share Sensex ended up 619.24 points, or 2.19 per cent, at 28,879.38 and the 50-share Nifty ended up 194.10 points or 2.26 per cent, at 8,780.35.

The broader markets outperformed the benchmark indices as investors bought mid-cap and small-cap shares at attractive valuations. BSE mid-cap index advanced 342.60 points, or 3.19 per cent, and small-cap index gained 699.61 points, or 6.28 per cent.

“The market showed a steady trend last week with a positive bias with buying emerging at every correction. The highlight was, however, the mid-cap and small-cap segments of the market which saw strong buying in several counters. For the coming week, some consolidation could be seen with moves mirroring sentiments post the beginning of the corporate results particularly TCS (Tata Consultancy Services), which could have a bearing on the IT pack. However, positive price action could continue in the mid-cap small-cap segments,” said K Subramanyam, co-head (equity advisory) at Altamount Capital.

Key events of the week
The Reserve Bank of India (RBI) governor Raghuram Rajan on Tuesday held repo rate unchanged at 7.5 per cent, as expected. Further, the cash reserve ratio, which is the amount of deposits that lenders must keep with RBI, was also left unchanged at four per cent. Moody’s ratings revised India’s sovereign rating outlook to ‘positive’ from ‘stable’ on Thursday, a step closer to an upgrade of the credit rating.

According to the Society of Indian Automobile Manufacturers, domestic passenger car sales grew 2.64 per cent to 176,011 units in March from 171,491 units in the same month of last year and motorcycle sales last month dipped 5.22 per cent to 8,59,521 units against 9,06,901 units a year earlier.

Real estate companies’ shares closed higher on the bourses on media reports that the Union government cleared amendments to the Real Estate (Regulation and Development) Bill, 2013, paving the way for legislation on regulators for the sector. Anant Raj, HDIL, Sobha Realty, Oberoi Realty and Unitech gained up to 31 per cent.

Further, markets will react to the industrial production data for February released on Friday after market hours. Also, investors will cautiously await for the consumer price index and the wholesale price index, which will be unveiled next week.

>>> Nifty Weekly Chart <<<

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

Clear Support taken from 8274, Nifty bounced for the last 2 weeks - Nearly 500 Points.

>>> Nifty Daily Chart - As Posted on 28th March, 2015 <<<

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

Have wrote 8269-73 as a good Support. See what happened after that.

>>> Nifty Daily Chart - Happened <<<

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

Yes, We are long from 8450. Now if 8794 crosses - Fresh Rally Possible. RSI on a Break Out.

>>> Nifty Hourly Chart <<<

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

Moving Average Cross over gives more strength. Price if able to cross above 8794 may trigger Fresh Rally and short covering.

>>> Nifty 5 Minuit Chart <<<

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

Its an Alternative count for an Uptrend. Possibly it must be right if Nifty cross and holds above 8794.

>>> Bank Nifty Daily Chart <<<

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

Price still moving inside the channel. 17720 gave support at the channel. We are long since 8000 as on 27th March, 2015. Almost we have a 800 Point gain so far.

>>> Bank Nifty - As Posted on 27th March, 2015 <<<

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

If you are a regular reader - You must not have forgotten the above chart. See what happened now.

>>> Bank Nifty - Happened and Yet to <<<

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

100 day moving average and 18800 key resistance. Cross above may move till 19130. Just hold Your longs.

>>> Stock Performance of the Week <<<


>>> ITC - As Posted on 28th March, 2015 <<<

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

Wrote on 28th March to Buy ITC. See what Happened !

>>> ITC - Happened <<<

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

Booked Profit @ 346 and Made Rs.30,000.

>>> ALBK - Posted on 08th Apr, 2015 <<<

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

Wrote on 08th April to Buy Albk. See what happened?

>>> ALBK - Happened and Yet to <<<

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

Both Price and RSI on a good Break out. Get Ready for a good Rally. Don't forget to buy on dips.

>>> Hindalco - As Posted on 07th April, 2015 <<<

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

More Rally Possible, Just buy on Every dips for a Good Rally.

>>> TATA STEEL <<<

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

349 - Resistance if able to cross - More Rally on Card. Just Buy on dips.

>>> Performance till 10th April, 2015 <<<

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

Please send email to niftyforall@yahoo.com for details of our service.

Above 8794 - Fresh Short Covering & More Rally.

Dear All,

Rating agency Moody’s Investors Service on Thursday gave a much-needed booster to the Narendra Modi government ahead of the prime minister’s visit to France, Germany and Canada by revising India’s sovereign credit rating outlook to positive from stable.

However, the agency reiterated India’s sovereign credit rating at the lowest investment grade of Baa3, pointing out its weaker performance relative to peers on fiscal, inflation and infrastructure-related metrics.

The decision to upgrade the country’s rating outlook was taken at a meeting of the rating committee of Moody’s on 7 April. “The main points raised during the discussion were: The issuer’s economic fundamentals, including its economic strength, have materially increased. The issuer’s institutional strength/framework has materially increased. The issuer’s fiscal or financial strength, including its debt profile, has not materially changed,” the rating agency said in a statement.

India’s chances of a sovereign rating upgrade over the next 12-18 months is greater as investments are expected to revive, growth to improve and inflation to stay modest, Moody’s sovereign rating analyst Atsi Sheth said on Thursday.


>>> Nifty Daily - Posted on 28th March, 2015 <<<

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

Above chart posted on 28th March, 2015. We have advised our Clients to go Long from 8450. See what happened today.

>>> Nifty Daily - Happened <<<

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

So the entire scenario may change if nifty able to cross above 8794 as shown on chart. Fresh Short Covering and Rally possible. So why and how, Lets see in detail on 5 min chart - which can be an alternative with Bulls side.

>>> Nifty - 5 Mins Chart <<<

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

Above 5 mins chart marked as an alternative for an upward bias. It looks like the upmove is an extension waves with lot of volatile. Hence if this chart is not wrong, expect more rally to come in.

>>> Bank Nifty - Posted on 30th March, 2015 <<<

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

If you are a regular reader, You might not have forgotten the above chart posted on 30th March, 2015 - Weekly Review.

>>> Bank Nifty Daily - Happened <<<

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

Trust Us. We are Long since 18000. Today Bank Nifty Spot Crossed an important Resistance 18800. Next Resistance @ 19130. RSI on a clear Break Out. So Expect More Rally.

>>> TATASTEEL <<<

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

We are long in Tata STeel from 434. Both Price and RSI on a Excellent Break out, Buy on Every Dips for a Good and Fast Rally. Cheers!!!

Resistance @ 8730-35. Support @ 8620 - 8550 & 8500

Dear All,

>>> Nifty Hourly Chart <<<

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

Key Resistance 8730-35 - If not crossed, may see correction towards 8620,8550 and 8500. Cross above 8735 may test 8794.

>>> ITC - Posted on 29th March, Weekly Review <<<

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

Posted the above chart and wrote to Buy at 316. See what happened.

>>> ITC - Happened <<<

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

Its a 30 Points Rally in Just 6 Trading Days and Yes - We booked Rs.30,000 Profit today.

>>> ALBK <<<

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

We are long in ALBK and Expecting a Rally from here. Cheers!!!