IIP to decide Trend

Dear All,

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

>>> BANK NIFTY <<<

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Both Nifty & Bank Nifty has corrected 61.8% from their Top respectively. IIP Data estimates are at 3.6% versus 0.6% in August.

So lets wait and See

Support 6080 & 6030

Dear All,

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Details on chart. Hoping for recovery. Lets See.

>>> BANK NIFTY <<<

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Bank Nifty getting support form previous low and 200HMA. Lets See.

Weekly Review :- 11.11.2013

Dear All,

>>> NIFTY - DAILY <<<

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Daily Chart shows a support from the trend line. Lets See.

>>> NIFTY - HOURLY - As Updated on 08th Nov, 2013 <<<

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Wrote last friday that 6180 and 6135 Support after breaking the channel. Every body know what happened. Lets see whats next!!!

>>> Happened and Yet to <<<

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6135 good support. Should bounce from here

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

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Last week Mentioned about the Possible Correction on Bank Nifty till 10890. See what happened this Week.

>>> Happened and Yet to <<<

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Yes Bank Nifty slided till 10840 for the 4th sub wave. Expect a bounce from here for last leg of rally.


>>> BLOCK BUSTER CHARTS OF THE WEEK <<<

>>> ICICI BANK <<<

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ICICI BANK hit our first target with a Profit of 10,250.

>>> IDFC <<<

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IDFC booked 5000 and Exited.

>>> IDBI <<<

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IDBI gave us a good Profit of Rs.12000.

>>> LICHSGFIN <<<

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LICHSGFIN Gave us Rs.6000 Profit and Booked.


>>> DLF <<<

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DLF - We are Long. Part Booked at 154 for a Profit of Rs.5000. More upmove above 154 coming.

>>> STOCK OF THE WEEK <<<

>>> DENA BANK <<<

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Yes We are Long in Dena Bank. Expecting a good up move from here. Lets See.

>>> VIJAYA BANK <<<

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Yes We are Long in Vijaya Bank too. Expecting a good bounce from here. Lets See.

>>> PERFORMANCE <<<

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Broken 6210. Next 6180 & 6135

Dear All,

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Nifty broken 6210 and came out of the channel. Next Support at 6180 and 6135.

>>> ICICI BANK <<<

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>>> Happened <<<

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ICICI Bank done first Target. Booked.

>>> IDFC <<<

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IDFC Booked 5000 and Exited.

>>> LICHSGFIN <<<

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LICHSGFIN - Holding Short. Expecting a fall.

Holding 6210

Dear All,

>>> Nifty - As Updated Yesterday <<<

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Said 6210 as support.

>>> Happened and Yet to <<<

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So Holding 6210 as said earlier. Now if breaks the support and channel support then more fall likely. 6180 and 6135 should be the next support.

>>> ICICI BANK - As Updated Yesterday <<<

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Wrote Yesterday that we are short in ICICI Bank.

>>> Happened and Yet to <<<

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Yes we Booked small or part profit Rs.5000 and Holding rest. RSI broken the support. Price may break the channel as shown on chart. If breaks more selling likely. Lets See.

>>> IDBI <<<

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Yes Booked Rs.12000 on Intraday itself. Price completed 1-5 Upmove as shown on chart. So Wait for more fall if breaks the support as given on chart.

Support 6240 & 6210

Dear All,

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

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


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

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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 <<<

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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 <<<

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

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

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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 <<<

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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 :- <<<<

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

>>> HAPPENED AND YET TO <<<

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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 <<<

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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 <<<

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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 <<<

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

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

>>> STATE BANK OF INDIA <<<

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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 <<<

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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 <<<

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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 <<<

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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 <<<

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>>> Happened <<<

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

>>> PERFORMANCE <<<

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Resistance 6340 & 6402

Dear All,

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

>>> Rcom-Update <<<

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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!!!