No Direction - Cat on a Wall

Dear All,

> Click the chart to see on full screen <

>>> CIPLA <<<

> Click the chart to see on full screen <

We Booked small profit today, though more upmove left in cipla. Buy on every dips. Cheeers!!!

Rate Unchanged & 6240 Holds.

Dear All,


>>> NIFTY <<<

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

6240 on Hold and Rajan Unchanged Rates. Yes we are long in Nifty as per call pasted on nifty chart above. Lets See.

>>> BHEL <<<

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

Bhel moving good. We are long from 154.50. More up move on card. Lets See.

RBI to decide "What's Next ???"

Dear All,

With food prices showing no signs of abatement, the Reserve Bank is likely to hike its key policy rate by 0.25 per cent tomorrow, the third straight increase under Governor Raghuram Rajan as part of the war against inflation.

>>> Nifty <<<

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

Nifty should hold 6140, if not then fall till 6067 or even till 5972 not ruled out. All depends on RBI's outcome on how to deal with inflation. Lets See.

>>> Arvind - As Updated Yesterday <<<

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

>>> Happened and Yet to <<<

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

>>> ORIENTBANK <<<

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

Stop Loss hit on OBC with a Loss of Rs.6000. Break out failed and Exited.

>>> ZeeL <<<

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

Zeel Hit SL after the Merger news.

Support 6140 & 6067

Dear All,

>>> Nifty <<<

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

Nifty support at 6140 & 6067 if holds then bounce back till levels given on chart. Lets See.

>>> Bank Nifty <<<

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

Bank Nifty support 11365 & 11207 as given on chart, if able to hold then bounce back possible.

>>> ARVIND <<<

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

Done first Target with a Profit of 12000. Looks like more bounce ahead. Lets See.

Weekly Review - 16.12.02013

Dear All,

Out Look for the Week :-

Market fell last week on worries of a rate hike by the central bank and fears of US Federal Reserve winding down its monetary stimulus measures. Rising inflation level in November and weak industrial output in October weighed on market sentiment.

>>>Week ahead<<<

Apart from policy reviews from the central banks of India and the US investors will be keenly watching corporate advance tax payments and inflation based on the wholesale price index.

The inflation data based on wholesale price index for November is scheduled for release on Monday, 16 December 2013.

The two-day meet of the US Federal Reserve Bank begins on Tuesday, 17 December 2013 while Reserve Bank of India will announce its Mid-quarter monetary policy review for 2013-14 on Wednesday, 18 December 2013.

>>> Nifty - Weekly Outlook <<<

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

Yes, I warned my clients about this fall on 10th Dec itself. Expanding Triangle & bearish engulfing on weekly chart gave a strong bear signal. So expect some bad news from international or domestic front for a possible fall in coming days. Readers those who have aggressive longs should stay cautious even if your not a short traders, maintain strict stop loss for any index or stocks you hold.


>>> Nifty - As Updates last week - Alternative 1 - Bearish Outlook <<<

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

Nifty made a big gap up on Last Monday due to 5 states election results, surpassed previous high at 6415, so our support levels changes now than last week.

>>> Happened and Yet to <<<

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

Looks like an a-b-c on the downside. Hence may fall as given on chart.

>>> Nifty - As Updated Last Week - Alternative 2 - Bullish Outlook <<<

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

As per second alternative wave 3 should be on the upper side, instead we saw a correction and so lets see what are the possibilities left for bull.

>>> Happened and Yet to <<<

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

On bullish alternative it should be sub wave (ii) on the downside and possible that it may take support at 6067 or 5972. If breaks these support then counts and bullish outlooks becomes invalid and may turn bearish

>>> BANK NIFTY - As Updated on 09th Dec, 2013 <<<

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

Above chart updated after big gap up opening on 5 State election results declared. Wrote that a-b-c-d-e pattern seems completed and a possible sell off.

>>> Happened and Yet to <<<

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

200 dma & channel should support for upmove. Else free fall should continue.

>>> BUZZING STOCKS <<<

>>> ICICI BANK - As updated on 12th Nov, 2013 <<<

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

>>> Happened and Yet to <<<

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

Reached both Target as expected and made a good Profit.

>>> NTPC <<<

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

Yes moving good and we are holding still. Booked some part profit also.

>>> PFC - As Updated on 12th Dec, 2013 <<<

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

>>> Happened and Yet to <<<

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

PFC - Booked good Profit. Still more downside left.

>>> MISSED CALLS <<<

>>> HCL TECH <<<

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

HCL TECH did not performed well and hit stop loss with a loss of 5500.

>>> PERFORMANCE <<<

For queries please write us to niftyforall@yahoo.com.

Last Hope for Bull 6210-6200

Dear All,

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

Last hope 6210-6200, If break then free Fall. Else bounce back as usual. Lets See.

>>> PFC <<<

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

PFC broken down and looks like more fall ahead.

>>> HCL Tech <<<

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

HCL Tech hit sl. Exited with a loss of 5500.

Support 6246

Dear All,

>>> NIFTY - As Updated Yesterday <<<

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

Said Yesterday if breaks 6310 - more downside.

>>> Happened and Yet to <<<

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

As Said broken 6310 and made a low of 6280. Nifty trading between these levels - shows directionless. If unable to cross 6310 may trigger another fall till 6246. Sees like more volatile ahead.

>>> ICICI Bank <<<

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

Above chart was given yesterday - See what happened today...

>>> Happened and Yet to <<<

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

Yes First Target met with a Profit of 12500. More downside left if breaks the support line.

>>> NTPC <<<

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

NTPC - Looks Bullish - Buy on every dips.

>>> HCLTech<<<

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

Yes Highly Bearish on HCL Tech - Hope upmove almost ended. So get ready for fall. Cheers!!!

Correction or Consolidation ???

Dear All,

>>> NIFTY - As Updated Yesterday <<<

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

Yesterday Said Nifty support as 6310. See what Happened.

>>> Happened and Yet to <<<

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

6310 should hold tomorrow for upmove. Else 6246 should support bulls on next level.

>>> ICICI Bank <<<

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

ICICI Bank Should continue its fall if breaks the middle line as shown on chart. We have booked Partial Profit. Lets See.

Its a "NaMo" Wave - Support 6310 & 6246

Dear All,

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

Yes its a NaMo Wave, broken all resistance and moving up. The Current upmove is Wave 3 and should pause the rally for sub wave 4 as shown on chart. Supports must be 6310 and 6246. Once the 4th sub wave gets completed, should resume the upmove once again as shown on chart.


>>> Bank Nifty <<<

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

Bank Nifty Completed a-b-c-d-e pattern. Lets See.

Weekly Review - 09.12.2013

>>> MODI WAVE OR BEAR TRAP <<<

So Indian Markets moved up after exit polls projected a strong showing by the BJP. Market to react sharply On the Opening Bell on Monday, once the results are declared on Sunday.

Analyst expect 100 - 150 Points rally if the results came out as expected. But charts should be viewed with a third eye. Lets see whats Chart says ...

>>> NIFTY - BEARISH OUTLOOK <<<

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

Any surprise from Election results may trigger a sell off on the downside. As Nifty is over Bot and all predictions are in favour of bulls, any surprise or un-expected outcome on the results may trigger a heavy Sell off on nifty.

>>> NIFTY - BULLISH OUT LOOK <<<

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

So no wonder if BJP makes a sweeping victory on results. Nifty should make a 100 to 150 Pts gap up on the opening. So it must be a third wave upmove and should trigger a lot of short covering too. Lets See.

>>> BANK NIFTY - DAILY <<<

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

Bank Nifty facing key resistance from previous high 11812 if crossed may see 12334. So far the move looks like a corrective upmove Wave B. Cross above Fib level 78.6% should change the scenario. Lets wait and see.

>>> SBIN <<<

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

Explanations on chart.

>>> Block buster Chart <<<

>>> BHARTI AIRTEL <<<

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>>> CIPLA <<<

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>>> MISSED CALLS <<<

>>> ONGC <<<

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>>> AXIS BANK <<<

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>>> PERFORMANCE <<<

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