Thursday, February 28, 2013

BEAR BACK ON BUDGET

Dear All

Gave on 26th Feb, 2013

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Wrote on 26th Feb, 2013 as Support 5738 and First Target 5675.

Happened :-

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First Target 5975 Done..

What's Next :-
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Tomorrow if Nifty breaks todays low 5675, then Nifty should touch 5595. Inter Supports are 5665 and 5618. Lets See.

>> PANTALOON <<< FOLLOW UP <<<

On 26th, Feb 2013
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On 26th Feb, Have cautioned about Pantaloon when it closed at 200.

On 27th, Feb 2013
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On 27th Feb, touched 200 dma and closed at 196.75

Happened Today, 28th Feb, 2013
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Cracked to 162.65 after breaking 200 dma.

>> TATA STEEL << FOLLOW UP <<
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Above image posted on my Face Book id on 26th Feb, 2013
https://www.facebook.com/pages/Niftyforall/389891927770442

Happened and Yet to:-
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As Said Target 327. Lets See.

Wednesday, February 27, 2013

Bear Waiting for Budget !!!

Dear All,

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Nifty to fall as per chart, above 5835 this Count becomes invalid. Lets see.

>> PANTALOON <<

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Pantaloon saved by 200dma today - Lets see what happens tomorrow.

>> SUZLON <<

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Tuesday, February 26, 2013

Broken All Suppport

Dear All,

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Nifty broken support 5820 and unlike I assumed it started 'C' Wave downside earlier. 5738-40 is 100% retrace of Wave 'A', if gets broken then 5675 and 5595 should be the next Target.

I too hit a 30 Pts Stop Loss in Nifty today and some Longs in Stock too Hit Stop Loss.

>PANTALOON-R<

>click the chart to see on full screen<
Pantaloon-R touched a high of 275 when FDI in Retail Bill was passed in Parliament. Then after Stock started loosing its lime light and slowly started melting down. Today broken the important Channel Support and nearing the 100dma shows the seriousness and Bear strength in the stock.
If 100dma broken then another round of selling may happen. A fall near to Rs.50 may not be ruled out. Caution advised...

Monday, February 25, 2013

Flat Close ?

Dear All,

>Click the chart to see on full screen<

Flat Close. No change. Looks like forming a expanding triangle as abcde. Another scenario for bulls Only, unless bottom of the channel gets broken. A Break down or Gap down below the channel should confirm the end of Wave B and start of Wave C (which i have not given here).

Saturday, February 23, 2013

Weekly Review - 25.02.2013

Dear All,

>>NIFTY - DAILY<<
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Nifty Daily Chart suggest a possible Head and Shoulder, 5823-20 act as a base and if broken then another 300 points is unavoidable. 100dma plays an important support for bulls.

>>NIFTY-HOURLY<<
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Nifty Hourly seems like forming an ABC. As we are in B wave. As I feel that B(b) should take support at 5820 as shown on chart for a reasonable bounce for B(c). Bounce can be near or above 5900 which should be used sell again.

>>NIFTY-WEEKLY<<

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Weekly Chart suggest bears upper hand. An Inverted Hammer along with a sell on macd gives a real threat for Bulls.
COMMODITY
CRUDE OIL

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>COPPER<

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>SILVER<

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PERFORMANCE
>click the image to see on full screen<

Thursday, February 21, 2013

5970 Resisted

Dear All,

> NIFTY - DAILY CHART <

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5970 Resisted today and an attempt to enter the Channel also failed. As already intimated MA's cross over as a Golden Cross and every rise is a sell. But the selling came a bit earlier rather than expected as US Federal Reserve could prematurely wind down its bond buying programme.

> NIFTY - HOURLY CHART <

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5857 support broken today is a real threat for Bulls. Though a Irregular ABC may be in formation as MACD shows a +ve divergence. As a Benefit of doubt no short trade for my clients and have exited Long CTC. Should wait for a clear Picture.

Lets See!!! Cheers!!!

Wednesday, February 20, 2013

5952 Resisted !!!

Dear All,

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Nifty resisted at 5952 and closed flat. So lets wait and watch.

>>R-Com<<


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Yes, We Hold Position in Rcom from 71.50. Part Profit Booked at 74.

Sent on Feb 18, 2013 12:32:26 PM ****N4A-STOCK-ALERT**** Buy RCOM above 71.50. SL below 67.50. Target 75 and 78 (all spot lvl) http://niftyforall.blogspot.in

Sent on Feb 18, 2013 01:02:30 PM ****N4A-STOCK-UPDATE**** RCOM BUY TRIGGERED. NOW ABOVE 71.50.

Part Booked at 74.(with a Profit of 4000 X 2.5 = Rs.10,000) So I'm still Bullish on Rcom for the following Reason.

>Click the chart to see on full screen<


An IHS on 5 Mins Chart - Suggest a Possible Target upto 78-79. Lets See. Cheers!!!

Tuesday, February 19, 2013

Dead Cat Bounce ???

Dear All,

> Nifty - Daily Chart <

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Daily Chart shows Nifty took support at 23.6% retrace, at the same time 15 and 50 dma cross over suggest a bearish outlook which may bring back the bear once again. So the strategy at present may be 'Sell On Rise'.

>>> Nifty - Hourly <<<

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Nifty Hourly Chart - Suggest a Break Out - May be a 'Dead Cat Bounce'. Possibility of Bounce shall be 5952, 5983, 6013 and 6056.

>> Jp Associates <<

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JP Associates today crossed above 74.90 which was a Strong Resistance, and should cross 76 to achieve Targets of 79 and 82. Lets See.

>>>SBIN<<<

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SBIN given on Weekly Review as a Break Out Stock and now tomorrow if trades above 2276 - Stock to zoom.

Lets See Cheers!!!

Monday, February 18, 2013

Bear gave a PAUSE !!!

Dear All,

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Nifty moved up a little bit and gave Bear a pause. 50hsma should resist, if crossed then two channel lines should be the hurdle for next upmove, as shown on chart.

Resistance :- 5912,5925,5945 and 5970

Support :- 5880 and 5845.

>> JP Associates <<

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As posted on the face book during trading hours. Link is as follows :- https://www.facebook.com/pages/Niftyforall/389891927770442

>>> State Bank of India <<<
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State Bank of India too Posted on Face Book Link as given above. Stock should move up if able to hold above the break out wedge. Lets see..Cheers!!!

Friday, February 15, 2013

Weekly Review - 16.02.2013

Dear All,

As Gave Last Week :---


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Wrote last week that 5890 was a good support and it was 38.6% retrace for the current fall, but broken and hence should change for the alternative bearish view also.

Happened and Yet to :-


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Since last week i was expecting some more rally left, but current fall suggest that 6111.8 shall be the top, and a possible down trend started. So i have categorized the current fall as sub wave (a) as it fell down as 1-5.

The long legged doji suggest a possible trend reversal for the current fall i expect nifty to move up from here for sub wave b.

Let see in detain in hourly chart as given below

>> Nifty Hourly <<


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Hourly chart - with Andrew Pitchfork suggest a Possible bounce upto 6013 or 6056 next week in the form of a,b,c for sub wave B. Also witnessed a positive divergence on MACD give strength for my view. Lets See...
>>> DLF <<<


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DLF clearly broken down after making a top at 279, also broken out of falling wedge followed by a green doji like candle suggest a possible bounce back. I see every rise is a shorting oppertunity unless there is a meaning full pull back possible.

Performance in DLF as follows :-

(2/15/2013 1:28:56 PM): ****N4A-STOCK-ALERT**** RISKY TRADERS BUY DLF 246. SL BELOW 242.50. TARGET 252 AND 255 (all spot lvl) http://niftyforall.blogspot.in

(2/15/2013 2:26:39 PM): ****N4A-STOCK-UPDATE**** DLF BUY TRIGGERED. NOW ABOVE 246

2/15/2013 2:46:40 PM): ****N4A-STOCK-UPDATE**** DLF FIRST TARGET DONE 252. BUY GIVEN AT 246. PROFIT 1000 X 6 = RS.6000 http://niftyforall.blogspot.in

>>>SUZLON<<<

Have given on my face book id - the below image. so many queries of why Suzlon ????



So here is the chart ...


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It seems like Suzlon is making a base for a Technical bounce from here. If 19.80 can hold in coming days, then i hope it can zoom for a new high. Apart from this i dont have any fundamental reason to buy this stock. Many times I witnessed that Chart comes first and news comes later, so i suppose a case for suzlon also. Let's See.
>>>BHARTFORG<<<

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Bhart Forge broken out of Falling Wedge, Expecting a good upmove.

>>PERFORMANCE<<

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Cheers!!!

Thursday, February 14, 2013

Will Bear Take Upper Hand ???

Dear All



Unlike my previous post, it seems like bear taking an upper hand, details given on chart. Lets see


SUZLON



(2/14/2013 2:06:05 PM): ****N4A-STOCK-ALERT**** Buy & Hold SUZLON (Cash - 10000 sh) near 22. SL below 20.50 Closing. Target 25,27 and 30.50(all spot lvl.

Lets See!!! Cheers!!!

Wednesday, February 13, 2013

5916 Support

Dear All,


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


Today's gap up opening after 5890 gave support and a sell off in the later part of the trade - due to record high trade deficit of Rs.20b in January raising a lot of doubts to many traders that nifty won't sustain from here.

Given above was a 5 min chart, which i feel 5916 is a good support as per my count, if not broken tomorrow we may see a bounce once again to 5990 and 6005.

Lets see!!! Cheers!!!

Tuesday, February 12, 2013

5890 - Saved Market !!!

Dear All,

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As wrote yesterday 5890 hold. Now if 5934 and 5968 should broken on the upper side to move further. Lets See!!!

>>>SBIN<<<

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SBIN managed to close above 100 dma today and able to hold 2280 as wrote on last weekly review shows that possible 'U' turn soon.

Lets See!!! Cheers!!!

Monday, February 11, 2013

5890 - Will this Support Nifty ???

Dear All,

As Posted Yesterday On Weekly Review as Follows :-

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Yesterday on Weekly Review, said sw(2) might have finished landing as the fall has taken 78.6% of the 5(v)th move at 5884.

Happened today and Yet to :-

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Today the entire 5th wave also retraced 38.2% retrace at 5890 as shown on chart, shows that a bounce back should be here if these levels hold for tomorrow also. lets see.

Today's Performance :-

Sent on Feb 11, 2013 09:30:09 AM ****N4A-STOCK-ALERT**** Buy CIPLA above 386. sl below 378. Target 390,398 and 403 (all spot lvl).

Sent on Feb 11, 2013 01:04:19 PM ****N4A-STOCK-UPDATE**** CIPLA 395. BUY GIVEN AT 386. ALMOST 1000X9=RS 9000/- SL CTC FOR NEXT TARGET.

Cheers!!!

Sunday, February 10, 2013

Weekly Review - 11.02.2013

Dear All,

>> NIFTY - HOURLY <<

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Nifty broken all support earlier I gave. 5960 / 5930 got broken last week. Now 5844 and 5823 are the last hope for bulls.

>> NIFTY - DAILY <<

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Nifty Trading below 15dsma / 20dsma and 50dsma - shows the bear strength. Cross over of 15dsma and 20dsma also signalling the strength of bear. Last hope lies on 100dsma should rescue the bulls from severe fall in coming days.

>>BANK-NIFTY<<
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Of course raising wedge broken and ew count suggest a possible support at 12183 for a bounce from here. Below 12183 next strong support at 11981.

>>SBIN<<

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SBIN looks like standing on many of its supports like 38.2% retrace, 100 dsma and trend line support. Will it hold all of its kind to bounce back next week?? or fall ?? Lets See.

>>PERFORMANCE<<

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