Thursday, November 29, 2012

Its a Warning to Bear.

Dear All,

>>> NIFTY <<<

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

Nifty Confirmed the Start of 5th Wave broken all previous highs and Bulls have warned the Bears for next upmove.

Ongoing 5th wave seems to be extension waves, and it shows that not easy for bears to break the uptrend as I feel many traders may get trapped in Shorts.

As I wrote on Yesterdays Post "Crouching Bull Hidden Bear" about the possible 600 Point rally, Please refer the Yesterday's Post for more details.

Let enjoy the upmove..

>>> BANK NIFTY <<<

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

Seems like a Triangle Break out on Bank Nifty - 1000 Point rally ahead from 11700 give a Target of 12700 soon.

Wednesday, November 28, 2012

Crouching Bull Hidden Bear

Dear All,

>Click the chart to see on full screen<


Pattern seems like a Bullish Flag, and a Break above the channel as shown on chart shall confirm the break out.

Once Break out done may give a 600 Points Rally from 5740 which is exactly the height of the Pole.

Since Price able to move and close above 20dsma and 50dsma on Friday signaled a Positive move in coming days too.

Lets see!!! Cheers!!!

Monday, November 26, 2012

Nifty on IHS ???

Dear All,

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

Looks like an Inverted Head and Shoulder on given above 5 mins Chart. If breaks the below channel line, fall may continue, else Up move should continue.

Lets See!!! Cheers!!!

Sunday, November 25, 2012

Weekly Review:- 26.11.2012

Dear All,

>>>NIFTY<<<

>Click the chart to see on full screen<

5593 took Support on Friday, Shows that an upmove still pending. Possible upmove shall be as shown on chart, Resistance 5652, 5668 and 5688.

Support remains as 5588 and below this trend may change bearish.

Resistance remains as 5688 or 5693 and above this trend may change bullish.

>>>SBIN<<<

Last week SBIN was given as below ..

>Click the chart to see on full screen<

What happened as follows :-

>Click the chart to see on full screen<

As per Last week Call, State Bank of India Touched 2057 low and bounced to touch then neck line break down 2114 as shown on Chart. The pattern remains intact as far as Price moves above the trend line with volume. Else should touch our target 1975 to 1950 as mentioned last week. Those who have taken position as per our previous week update shall hold it for the target.

>>>PANTALOON<<<

Last week Pantaloon given as below

>Click the chart to see on full screen<

What Happened as follows :-

>Click the chart to see on full screen<

As said previous week, Pantaloon touched a low of 175 last week from 186 and bounced back to touch the neck line break down to 192 and again resumed its fall.

Parliamentary move about FDI Policy has made the stock volatile, but still the Target 165-166 remains intact in coming week.

>>>>UNITECH<<<<

>Click the chart to see on full screen<

Stock seems to be topped out at 27.35 and made a Bearish Dark Cloud Candle Stock on Hourly Chart Indicates that Interim uptrend has ended. If Stock able to break and sustains below 26 then 24.50 is visible soon.

>>>PERFORMANCE<<<


>Click the image to see on full screen<


Thursday, November 22, 2012

Now CAT on the WALL

Dear All,

>>NIFTY<<
>Click the Chart to see on Full screen<

Yes, it seems like a Cat on the Wall again. Though second resistance 5636 also reached today, unable to cross and hold doubts the benefit to Bear.

Tomorrow if unable to cross again 5636 and if breaks below 5603 support can invite sell off.

If crosses 5636 with volume can move to 5663 on the upper side.

>>BANK NIFTY<<

>Click the Chart to see on Full screen<

Again Bank Nifty's Several attempt to cross 11542 did not succeed today, if unable to cross may invite sell off with more volatile.

Above 11542 may move to 11620.

Wednesday, November 21, 2012

Still to Move ?

Dear All,

>>>NIFTY<<<
>Click the Chart to see on Full Screen<

Just Remember my Monday Post, Mentioned three Resistance needed to be Crossed. 5603, 5636 and 5663. Today crosses first Resistance 5603, Yet to cross 5636 and 5663.

Lot of Global Confusions and domestic Political Chaos - lead to Heavy Volatile and Tension inside Market.

But Chart and Levels never changes. As per EW if we are on 4th wave Corrective Upmove Nifty should Retrace atleast 50% or 5663 before next fall.

>>>BANK NIFTY<<<
>Click the Chart to see on Full Screen<

Bank Nifty too had a Break out On Chart. Lets see.

>>>APOLLO TYRES<<<

>Click the Chart to see on Full Screen<

Apollo Tyre - Seems like a Break Out. Have completed Wave 3 and should move up for a Corrective 4th wave. Short Term Target should be around 85 and 87.

Cheers!!!

Tuesday, November 20, 2012

Yet to Raise

Dear All,
>>>NIFTY<<<
>Click the Chart to see on full screen<

As wrote on Yesterday Post, Nifty touched near first Resistance 5600 and came down and touched Support 5550 (low was 5548) and managed to close at 5571.

If this is a a-b-c corrective upmove for sub wave 4, then should test the second resistance also. Resistance for tomorrow on 5600, 5615 and 5636. Support remains the same at 5550.

>>> BANK NIFTY <<<

>Click the Chart to see on full screen<

Bank Nifty still Holding the Support line suggest a Possible Bounce back still on Card.

>>>ADANI ENT<<<

>Click the Chart to see on full screen<

Adani Ent - If I'm now wrong, stock should keep moving to new high from here. Support 218 on closing basis. Target New High.
Lets See. Cheers!!!

Monday, November 19, 2012

Relief Rally or Sell on Raise ???

Dear All,

>>>NIFTY<<<
> Click the Chart to see on full screen <

It seems a Relief Rally possible above 5580, 5603, 5636 and 5663. Support 5550.

>>> BANK NIFTY <<<

> Click the Chart to see on full screen <

Support held as on Trend Line. If breaks the may come down to fill the gap. Else may rise.

Saturday, November 17, 2012

Weekly Review - 19.11.2012


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Dear All,

>>>NIFTY<<<


>Click the chart to see on full screen<

Last week was really a Bad day for me, as all my Stop Loss Hit. Also the Performance sheet sink into Negative figures.

So Now the counts also changed. Please verify the chart for details.

It seems like a 3rd Wave Extension and 4(c) corrective wave is going on.

Below 5526 Nifty can test its Next support 5448 to fill the Gap left.

If I am Not wrong, Nifty Wont break 5448 and should move up to new high like 5950 or even more.

Blog Readers who have took positions on Nifty as per my earlier charts should do the needful as per adjusted levels.

>>>BANK NIFTY<<<

>Click the chart to see on full screen<

Bank Nifty still on safe zone, as far as 11260 holds - as marked with red line on chart. If breaks shall touch 11100. Break below 11100 may fall another 200 Points as marked on chart.

11480 act as a Resistance, Break above shall continue to upmove.

>>SBIN<<

As Given Last Week below

>Click the chart to see on full screen<

Earlier Last Week I gave State Bank of India Chart that it may Reverse from 2138-40, instead the expectation went wrong and it broken its Crucial support line and confirmed the interim down trend.

>Click the chart to see on full screen<

As the Support Line got Broken, now its visible that A-B-C may get a little bit deeper to touch 1975 to 1950 for C wave corrective down.

>Click the chart to see on full screen<

Also above 15 Mins Chart shows a Possible Head and Shoulder Break down. AS per that shall fall upto 150 Points to touch 1975 or near.

>>> PANTALOON RETAIL <<<


Next Week is very Important for Retails Sectors like Pantaloon as there is a Discussion or even a No-Confidence Motion in the Winter Session of Parliament on November 22nd. Left, BJP and Mamtha getting ready to Oppose the FDI in Retail as DMK kept silence on the issue, increases the Heart beat. Market never likes suspense in Political Instability and so ???

So what does the Chart Says ??


>Click the chart to see on full screen<

Again a Same Case of Clear Head and Shoulder Broken down. If I am not wrong a clear fall of 22 to 25 Point down is awaiting on chart. Target shall be 165-166.

>> PERFORMANCE <<

>Click the image to see on full screen<

Cheers!!!

Thursday, November 15, 2012

5580 Support - Will it Hold ???

Dear All,

>Click the charts to see it on full screen<

Its more difficult to trade when Price forming a complicated A-B-C Patterns. When Nifty crossed above 5720 06th and 07th November, it seems like a Break out and 4th wave have been completed. Situation reverse when again Price came below 5710 and showed like a double zig zag.

Today 5624 which is 78.6% retrace of Previous wave also broken on Intraday and closed at 5628 showed to us that 5580 is the last support before us. If broken then it may try to fill the gap left at 5420 as showed on chart.

>>BANK NIFTY<<

>Click the charts to see it on full screen<

Bank Nifty looks like a Triangle Pattern. Break out on either side may decide the trend.

Lets See. Cheers!!!

Tuesday, November 13, 2012

Happy Diwali

Dear All,

Wishing All my Friends a Happy and Profitable Diwali.

May you live your life like the festival of Diwali, happy healthy and wealthy.

A Very Very Happy Diwali!!

- NIFTY FOR ALL -






>>>NIFTY<<<

>Click the chart to see on full Screen<

Even though Nifty trading below 5680 on Intraday Basis, so far able to close above 5680. Yesterdays Hourly chart as above seems like a Break out. If able to cross 5730 and 5755 - a fast upmove possible.

5680 and 5650 remains as a Support and break below these levels may see heavy sell off.

>>BANK NIFTY<<

>Click the chart to see on full Screen<

Bank Nifty took its Support near 11427. Yesterday's Close above 11600 seems like a Break out and if it holds, then Possible upmove above recent high not ruled out.

Lets See!! Cheers!!!

Saturday, November 10, 2012

Weekly Review - 12.11.2012

Dear All,

As Friday I wrote on this Blog, Gave the Chart as below.

>Click the Chart to see on full screen<

Second alternative happened and Nifty can't able to cross 5755, instead came down and touched 5677.

>Click the Chart to see on full screen<


So what's Next..???

Now Nifty seems to be undergoing sub wave ii. As of C should end near 5680 or 5650 level to bounce back for a Bullish upmove.

So what else if it breaks 5650 also...there may be a Negative outlook also

Alternative (Bearish) Out look for Nifty:-

>Click the Chart to see on full screen<

Next week if Nifty breaks 5650 as marked on chart, then we shall see another 100 Point fall from 5650 as the Scenario may get changed as Nifty still on Wave 4. The Break out happened on 02nd Nov shall become a False and Tricky. In that case Nifty may touch the bottom line of the channel as shown on chart.

Weekly Stocks:-

After a dis-appointing Results from SBI and Tata Steel - Lets see how these two stocks are Poised in coming sessions.

SBI :-

State Bank Fell on Friday after the Bank Said its NPA gone up by 5.15% from 4.19% as the Loans from KFA, Air India Ltd and DCHL has been kept as Provisional. So what does Technical Says

>Click the Chart to see on full screen<

Chart shows a Bullish Scenario as off now. It seems the fall on friday - Ongoing sub wave ii as a consolidation, and if able to hold 2138-40 stock may turn around for an Upmove in coming days.

TATA STEEL :-

Tata Steel fell 3.32 percent on Friday after reporting a surprise quarterly loss of 3.64 billion rupees as weakening demand and prices in its main European market offset a solid performance at home.

>Click the Chart to see on full screen<

Pattern in Hourly chart of Tata Steel seems like a Head and Shoulder. If the Low of Friday or 386 breaks with Volume - a good fall to 377 and 364 or even lower levels soon.

Performance :-


>Click the image to see on full screen<

Thursday, November 08, 2012

Pause before a Fire

Dear All,

>Click the Chart to see on full screen <

Nifty after breaking above 5720 made a high of 5776 and seems need to cool off for sub wave 2. So now the Possibilities are

1) wave 2 is finished if able to cross above 5755 as Yellow Arrow marks the same

2) else it can cool down to 5700 or 5690 before next jump, as C of 2 is still pending as Green Arrow markings.



Tuesday, November 06, 2012

Rising to Fall ????

Dear All,

>Click the chart to see on full screen<

Of course Nifty above the Resistance - But I doubt there is a Possibility of double Zig Zag like abc-x-abc type of correction. The Doubt gets strength when Price is moving up today and Indicators like MACD not supporting - suggest today's upmove shall be marked as X.

May be I am wrong. But Only the Price should confirm the trend tomorrow, as every one is waiting for US Presidential Election Outcome as the sentiment may drive the market. But Technical telling a different story.

>>> BANK NIFTY <<<

>Click the chart to see on full screen<

Bank Nifty also mirror the views of Nifty. abc-X-abc. As said above in Nifty - Only the Price must decide which is right and wrong.

>>>KTK BANK <<<

>Click the chart to see on full screen<

KTK Bank - seems to be tiered of upmove, may give a pause before next rally. I feel it wont cross 140.50 as it had topped out there and a possible downside may touch the support line drawn on chart.


Lets wait and See. Cheers!!!

Monday, November 05, 2012

A Cat on a Wall ?!?!?!?

Dear All,


>Click the Chart to see on full Screen<


Again a Cat on a Wall. Nifty should cross 5720 or should break 5683-5690 to make a move on either side. As I see this move as an a-b-c-d-e, Ongoing wave should be 'e' wave and a fall must be upto the bottom of the channel as shown on the chart, shall be upto 5550 - 5560.

>>>IDFC<<<

>Click the Chart to see on full Screen<

Stock seems to be tiered of Over bot, having support at 164.80, if gets broken then should touch 158. If the Support line gets broken, then over all uptrend should end and a deep fall is not ruled out.

Lets See. Cheerss!!!

Saturday, November 03, 2012

Weekly Review - 05.11.2012

Dear All,

Many Question from my beloved friends, readers of the Blog,

1) will Nifty go Up from here or down. ?

2) Where will be Nifty during Diwali Session or New Year. ?

3) Should I stay Invested in Marker or Sell and Liquidate all my Holdings.?

4) Shall I invest more. Which Sector or Stock Should I Buy Now.?

For all these Query - Answer remains on Nifty Chart. So lets see What Nifty says !!!

>> NIFTY DAILY CHART <<




>Click the Chart to see on full screen<



Above Nift Daily shows that a Complete Picture of A - B - C Pattern.

From Nov, 2010 - 6338.5 to Dec, 2011 - 4531.15 - Wave A - Impulse Wave

From Dec, 2011 - 4531.15 to till date (recent high 5815) - Wave B - Corrective Wave.

So Possible Target for Wave B - May be 5950 which shall be exactly 78.6% of Wave A.

So lets assume that recent low 5583 - Wave 4 might have ended as shown on chart.

>>> NIFTY - HOURLY CHART <<<




>Click the Chart to see on full screen<


Nifty if able to cross and trade above 5725 - I assume that the wave 4 ended and upmove to continue.

Unlike in daily chart, I have an alternative scenario in Hourly chart - Low 5583 is considered as (A) and the current upmove considered as (B) and there is a possibility to fall for wave (C).

What I mean here is - Wave 4 is still not yet completed.

As I wrote last week - Possible downside for Wave C can be 5540 or 5490.

All the above alternative views get negative if able to cross and trade above 5725.

>>PERFOMANCE<<


>Click the Performance Image to see on full screen<