Friday, March 29, 2013

Weekly Review - 01.04.2013

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

Weekly chart with Bollinger Band Suggest, Price took support at the bottom of the Bollinger Band with a Hanging man on Chart. 20Week Moving average suggest 5860 as Resistance. Looks Like Bulls managed to Save Nifty.

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

Daily Chart - Falling Wedge Break Out, 78.6% retrace of Wave A shows 5620 as strong Support, finally 200dma saved.

>>NIFTY HOURLY<<

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

Hourly Chart - I strongly Feel its a Bullish Wolf Wave. Nothing Else...

>>>PERFORMANCE<<

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

Monday, March 25, 2013

Nifty near 200dma - 5621

Dear All,

>click the chart to see on full screen<

Nifty fell down from 5701 to 5624 after reported that Uttar Pradesh chief minister Akhilesh Yadav said that his party is prepared to withdraw support to the UPA government.

As shown chart 200dma and 78.6% Retrace of Wave A Lies at 5621. Support like 5590 or 5580 should protect below 5621. If breaks all these support then possible down upto 5527 and 5475.

Saturday, March 23, 2013

Weekly Review - 25.03.2013

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


As I wrote for the Last 2 weeks on Weekly Review, Nifty broken the Head and Shoulder finally and trading below the Neck Line, Shows the strength of the Bear.

Though I was expecting a Bounce and crossed my finger to bear for last 3 days, Advised clients not to short aggressively and gave the possible bounce as below

>Click the chart to see on full screen<


You can also read the details in Thursday News Letter in the following link
http://niftyforall.blogspot.in/2013/03/head-shoulder-broken-whats-next.html

Due to many index stocks are in the bear mode or to say last 5th wave, Nifty is getting an extension wave in its final fall, so till where it can fall.

>Click the chart to see on full screen<


Nifty on the last leg of fall as it may extend more, Possible bounce back only above Resistance 5680 and 5710. Else as expected Price may fall upto next support zone 5620 (200dsma) and 5590 from where it may bounce to new high.
>>>STOCKS - FOLLOW UP<<<
>> DLF <<


>> As given on 14th March, 2013<<

>Click the chart to see on full screen<


>> As given on 15th March, 2013
>Click the chart to see on full screen<


>> Happened and Yet to <<<

>Click the chart to see on full screen<


Stock almost fell from 285 to 227 last Friday. Now support seems to be around 210 - 212. Lets see.
>>> RELIANCE INFRA <<<
>> As given on 15th March, 2013<<

>Click the chart to see on full screen<


>> As given on 16th March, 2013 <<


>Click the chart to see on full screen<


>> As given on 18th March, 2013 <<

>Click the chart to see on full screen<


>> Happened and Yet to <<

>Click the chart to see on full screen<


Reliance Infra came down from 434 to 334. Support 338-340, if breaks then fall upto 325,310 and 300. Resistance 353.50, if breaks on the upper side then rally upto 375 and 385 on card. Lets See.
>>> BHARTI AIRTEL <<


> As given on 19th march, 2013<


>Click the chart to see on full screen<


>> Happened and Yet to <<


>Click the chart to see on full screen<


Stock still inside the Nick line shows that Bulls still had a chance and may trade side ways with out any direction. News flow like summon to Mr.mittal last week and follow up this week may give direction too. Lets wait and watch.

>>> So what's Next <<
>Click the chart to see on full screen<

So after DLF, Reliance Infra...Whats Next..Yes its Mc Dowell. Get Ready for a Fall.

> PERFORMANCE <

>Click the image to see on full screen<


>> Queried invited on niftyforall@yahoo.com<

Thursday, March 21, 2013

Head & Shoulder Broken? Whats Next?!?!?!?

Dear All,

>Click the chart to see on full screen<

Head Shoulder Broken on Daily Chart, also traded below 200 dma not a good news for Bulls. As expected and wrote Yesterday Nifty did not recover. Morning Gain Lost in the later part of the trade does not look good for bulls. Lets also see what Hourly chart suggest.

>>> NIFTY - HOURLY <<<

>Click the chart to see on full screen<

Nifty Hourly Chart Suggest the Ongoing Wave C has retraced almost 161.8% of Wave A. Means todays fall is the C(5) of Wave or Lets say it as a Last leg of fall. So certainly 5656 is Very Important.

>> Whats Next on Nifty <<

So I was keep on saying about Bulls entry for last 2 days along with Head and Shoulder in Daily Chart also. So many got confused and asking me, Since Head and Shoulder is Broken How can I say that Nifty may Bounce form here...So here the is the Answer.

As Nifty Broken Head and Shoulder - I agree Nifty is on the grip of Bear, But Nifty need to bounce one more time aggressively as a corrective Upmove.

I see this ongoing move as a FLAT CORERCTION AS 3-3-5.

>Click the chart to see on full screen<

The Logic of this FLAT CORRECTION is Wave B Should Terminate the Beginning of Wave A, as Nifty broken 5665 and made a low of 5648. Also 2 waves have gone as 3 - 3 and Wave C should go up in the form of 1-5

Since tomorrow is Friday and end of the Week, its important to close above 5656 or 5665 to give effect for this pattern. Lets wait and see Interesting Friday.!!! Cheers!!!

Wednesday, March 20, 2013

Bulls Not Yet ???

Dear All,

>Click the chart to see on full screen<

As said Yesterday Nifty can't Hold 5730 and tested 5682. Next Support 5686 and 5641 should be watched.

> Nifty - 15 Min Chart <
>Click the chart to see on full screen<

15 Mins chart suggest a Break Out - should hold 5686 tomorrow for a reasonable upmove. Lets See

Tuesday, March 19, 2013

Alert :- Bull May come Again

Dear All,

>Click the chart to see on full screen<

Nifty touched 5725 - Close above 5730 which is the golden ration of 78.6% of Previous upmove. It seems like wave B completed and a Possible Upmove for Wave C - if 5730 did not breached in coming days.
Target 6016 or 6038 soon.

>>> SAIL - Follow UP as given on Face Book Page <<


>Click the image to see on full screen<


Sent on Mar 19, 2013 09:18:46 AM ****N4A-STOCK-ALERT**** Sell SAIL below 67. SL above 70.20. Target 64 and 59 (all spot lvl) http://niftyforall.blogspot.in

Sent on Mar 19, 2013 09:33:58 AM ****N4A-STOCK-UPDATE**** SAIL NEAR FIRST TARGET 64. SELL GIVEN AT 67. PROFIT 4000X3=12000. ENJOY AND BOOK PROFIT. http://niftyforall.blogspot.in

>>> BHARTI AIRTEL <<

>Click the chart to see on full screen<

Bharti formed a Head and Shoulder - Below 288 Dont stay Long. Fall of 80 Points on Card. 208-210 May be the Target. Lets See. Cheers!!!

Monday, March 18, 2013

RBI Vs Bear

Dear All,

>Click the chart to see on full screen<

It seems like fall is imminent even if RBI Cut rates. Chart suggest a fall upto 5768, below that even 5678 possibly. Move above 5854 and 5868 should favour bulls. Lets wait for the Interesting day ahead.

>> RELINFRA - Follow Up <<
>Click the chart to see on full screen<

Reliance Infra was followed last week from 434 level, Said on weekly review that fall to continue.

>> Happened and Yet to <<
Performance :-

Sent on Mar 13, 2013 09:42:38 AM - ***N4A-STOCK-ALERT**** Sell RELINFRA below 421. SL above 436. Target 410,xxx and xxx (all spot lvl) http://niftyforall.blogspot.in

Sent on Mar 18, 2013 09:17:04 AM - ****N4A-STOCK-UPDATE**** RELINFRA NEAR 1ST TARGET 410. SELL GIVEN AT 421. BOOK 500X11=RS.5500. OTHERS SL CTC http://niftyforall.blogspot.in

Saturday, March 16, 2013

Weekly Review :- 18.03.2013

Dear All,

Gave Last Week for Daily Chart :-
>Click the chart to see on full screen<

Happened and Yet to :-
>Click the chart to see on full screen<

Wrote Last week about Head and Shoulder and advised 5971 as a Stiff Resistance. Nifty touched 5971 and fell down to 5792.5. Still the Possibility of Head and Shoulder is intact.

Gave on 14th March for Hourly Chart :-
>Click the chart to see on full screen<

Happened and Yet to :-
>Click the chart to see on full screen<

As Updated on 14th Mar, it seems like still a possibility of IHS on Hourly chart persist, provided it should break above 5971. On the contrary if break below the bottom of the channel line, the IHS gets negated and down move should continue for a free fall.

>> DLF << Following Chart Updated on our Face Book Page :-

>Click the chart to see on full screen<

As DLF trying to form a Head and Shoulder and advised for a fall..

>>Happened and Yet to<<
>Click the chart to see on full screen<

As Said DLF fell down to 271.55 from 285. Since the Price has broken below the lower channel, should fall more. One can short below 268 for a Target of 256.

>>> RELINFRA<<< Following Chart Updated on our Face Book Page :-
>Click the chart to see on full screen<

>> Happened and Yet to<<
>Click the chart to see on full screen<

Gave earlier the Reliance Infra Chart on Face Book Page. Price came down form the high of 434.75 to 417.5, touched the lower channel. So if breaks the lower channel next week, fall should continue.
>> PERFORMANCE <<

>Click the image to see on full screen<

Thursday, March 14, 2013

Bear Trap or Bull Trap ???

Dear All,

>Click the chart to see on full screen<

Nifty fell down nearly 50 Points on the early trade due to independent investigative journalist, Aniruddha Bahal of Cobrapost, about the widespread money laundering in India's top private sector lenders ICICI Bank Ltd, HDFC Bank Ltd and Axis Bank Ltd.Bahal, founder and editor-in-chief of Indian news and opinion website Cobrapost.com, said he had collected hundreds of hours of video recordings from "dozens and dozens" of bank branches across the country. He did not say when the recordings were compiled.

An article on the website posted on Thursday said an associate editor, using an alias and pretending to work for a fictitious politician who wanted to launder money, sought advice from bank officials on how to do it.

The article said branches across all the three banks suggested laundering methods that were "imaginative in their range and brazen in their approach."

Cobrapost alleged that these money laundering services are being openly offered to even walk-in customers who wish to launder their illicit money and a variety of options for laundering ill-gotten cash are being offered brazenly. The post said these these money laundering services are being offered practically as a standard product across the country. "This huge money-laundering racket being run by these banks has been captured by Cobrapost, on video-tape, running into hundreds of hours. The evidence is graphic, crystal-clear and clinching," the site said.

The investigation by Cobrapost finds the banks and their managements systematically and deliberately violating several provisions of the Income Tax Act, FEMA, RBI regulations, KYC norms, the Banking Act and Prevention of Money laundering Act (PMLA) with utter disregard to consequences, driven by their desire to boost cheap deposits and thereby increasing their profits.

Later WPI-based inflation rose to 6.84% in February 2013 after falling to a three-year low of 6.62% in January.With inflation in manufactured items showing signs of decline, the Finance Ministry today expressed the hope that RBI will reduce key interest rate in its monetary policy review next week.

Most analysts are expecting the RBI to do a trade off with growth with at least a 0.25% cut in the short-term lending rate in the March 19 policy meet.

So Market Recovered from the Deep loss from 5792 to 5920 nearly 128 Points Gain.

So whats the Technical Says....

Nifty formed a IHS like Pattern, Usually IHS formed on the top of the chart doen't work, but if breaks above the Resistance line on chart or 5971, then a 300 Points Rally not ruled out.

Lets see it on Interesting Friday...Cheers!!!

Wednesday, March 13, 2013

Bear on its Way !!!

Dear All,

>Click the chart to see on full screen<

As expected and wrote Yesterday, Nifty open Gap down and broken an important support at 5854. Next support 5818,5782 and 5730. Lets See!!!

Tuesday, March 12, 2013

Beware - Bears are Here !!!

Dear All,

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

Told Yesterday 5971 as a Stiff Resistance.

Happened and Yet to :-
>Click the chart to see on full screen<

Hit a Low of 5893 and still on a Bearish Mood, Probably may Open a gap down, if happen so, then its a Island Reversal - which should be a Negative move to help Bears in days to come.

>> IDFC <<

>Click the chart to see on full screen<

IDFC - If can't Hold 50dma or 161, then the break out is a false and free fall not ruled out.

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

Rcom - if can't Hold 64 then get ready for a good fall.

Cheers!!!

Monday, March 11, 2013

Caution Advised. Resis 5971

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

5971 Resisted Nifty today. Bulls may move forward only if able trade above 5971, else 5850 shall be the rest for Bears.

>>DLF<<

>Click the chart to see on full screen<

Many queries about DLF. 288 act as a Stiff Resistance, 272, 277.50 and 268 Support. Below 268 Stock should fall freely. Above 288 Price should move towards 300 and 310. Lets see

Saturday, March 09, 2013

Weekly Review

Dear All

>>> NIFTY - WEEKLY <<<


>Click the chart to see on full screen<

Weekly chart Pattern and MACD in a sell Mode.

>>> NIFTY - DAILY <<<
>Click the chart to see on full screen<

Daily chart suggest a Head and Shoulder formation. Right shoulder top yet to decide the fall.

>>> NIFTY - HOURLY <<<
>Click the chart to see on full screen<

On going Upmove alomost retraced 61.8% and a cross above may see a maximum of 78.6% which is 6015 from where nifty must resume its fall.

>> STOCK - DLF <<<

>Click the chart to see on full screen<

DFL - Caution advised. Resistance 282-84. Support 268.

>>PERFORMANCE<<


>Click the image to see on full screen<