Weekly Review 01.07.2013

Dear All,

****NOTE**** FACING SOME PROBLEM ON THIS BLOG WHILE UPDATING CHARTS. TRYING TO RECTIFY IT. WILL DO MY BEST AT THE EARLIEST AS POSSIBLE.

>>> Nifty - Daily <<<

>Click the chart to see on full screen <

Same Daily chart You must be well know if you are a regular reader of this blog. As per this Chart, I hope a downfall must start from here onwards.

>>> Nifty - Hourly <<<

>Click the chart to see on full screen <

Hourly Chart suggest possible end of rally near 5850, else 5890 and 5917 act as a strict resistance where (iv)th sub wave may end. Whereas 5890 resist as trend line as shown on chart.

>>> Bank Nifty <<<

>Click the chart to see on full screen <

Bank Nifty above 11595 or 23.6% act as support where as 11943 and 12224 should act as a resistance. While Nifty is almost up 280 point up from the low of 5566, Bank nifty just showing sign of movement indicates us some thing cooking inside. Also Banking License announcement may be this week may trigger Bank Nifty on either side. So interesting week ahead. Lets see.

Rally to Continue

Dear All,

>Click the chart to see on full screen<

.
So, Relief Rally is On. Should Continue as per Target marked on chart. Let See.

Wait for Relief Rally

Dear All,

>Click the chart to see on full screen<

No change in view. Market remains volatile + choppy ahead of expiry. So wait for a relief rally unless the below channel gets broken as shown on chart.

Relief Rally ??? or Trap ???

Dear All,

>Click the chart to see on full screen<

Nifty crossed 5618 resistance as mentioned yesterday. Bounced back from the channel support as shown on chart. Possible targets are given as 5723 and 5820 levels. Lets See.

>>> Ranbaxy <<<<

>Click the chart to see on full screen<

Looks like Ranbaxy may bounce from here. Lets See.

Also Have posted lot of charts on Face Book on this Heading "So Guess ???? What's Next ??????" Yesterday and today. Visit our page for more such charts.

Cheers

Resistance 5618

Dear All,

>Click the chart to see on full screen<

5586 done first Target as mentioned on weekly review.
Now Nifty faces resistance at 5618
Support 5566 & 5510.

>>> Bharti Airtel <<<

>Click the chart to see on full screen<

Bharti Airtel - Gave on the Weekly Review as a break out candidate, today came down and I feel 280 as Last support

Weekly Review 24.06.2013

Dear All,

There is no need to react and panic over the rupee's fall, Finance Minister P Chidambaram said on Friday, a day after the Indian unit it an all-time low against the dollar.

>>> NIFTY - DAILY - Updated on 15th June, 2013 <<<

>Click the chart to see on full screen <

Said 2 weeks before, mirror like formation happening and fall can resume any time.
>>> Happened and Yet to <<<

>Click the chart to see on full screen <

Nifty continue to fall for Wave C. Since C(3) is extension in nature, volatile should be there. Means more downside left.

>>>> Nifty - Hourly <<<

>Click the chart to see on full screen <

Since 3rd wave is On, 5th Leg downside should resume once the 4th sub wave gets completed. So a relief upmove should be seen before resuming a fall. Possible Targets are given on chart.

>>> Bank Nifty <<<

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

Bank Nifty channel support and seems like completed wave (1) or (a) shows possible bounce back from here.

>>> Bharti Airtel <<<

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

Since last week I'm bullish on Bharti, Friday closing looks like a Break out, If i'm not wrong Next week Bharti should give a decent gain. Lets see.

>>> Voltas <<<

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

Voltas on wave c, should move up for the target mentioned on chart.

>>> SBIN <<<

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

SBIN need a break out above this channel for a Possible Rally as shown on chart.

>>> ZEE Limited <<<

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

238.5 Should be taken out for 245 upmove. Lets See

>>> Performance <<<

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

For details send email to niftyforall@yahoo.com.

Next Support 5607-5610

Dear All,

>Click the chart to see on full screen<

As I was writing this week 5870 is an Important Resistance, failed to cross and started falling for the last down wave. Today has brken 5683, previous low shows the strength of the bear. So whats next ???

>>> Nifty - 5 mins chart <<<

>Click the chart to see on full screen<

Above is a closure view on Nifty from 5 Min chart. Next support between 5607-5610.

Following message send during trading hrs.

Sent on Jun 20, 2013 12:40:01 PM ****N4A-NIFTY-VIEW**** NIFTY SPOT IF BREAKS 5683, THEN NEXT SUPP 5640,5590 & 5510. RESIS 5830 & 5870.

5646 Low made today itself, Cheers!!!

Fed Vs Nifty

Dear All,

The Federal Open Market Committee will end its two-day policy meeting today, with the outcome expected at around mid-night (Indian Standard Time).Market participants are waiting for any cues on tapering of third-round of bond-buying programme popularly known as ‘quantitative easing’ after Fed Chairman Ben S. Bernanke said asset purchases could be scaled back should the U.S. employment outlook show “sustainable improvement.”

>>>> NIFTY <<<<

>click the chart to see on full screen <

No major change in Levels as 5870 not breaking on the upside. So Lets wait.

>>> Bank Nifty <<<

>click the chart to see on full screen <

Bank Nifty seems like completed first leg of downside for sw(a) or (1) and cross above the falling wedge shall give a corrective upmove, Price almost crossing 50hma may add strength to the bulls.

>>> Bharti Airtel - Follow Up <<<

Updated on Blog as on 17th June, 2013

>click the chart to see on full screen <

Happaned and Yet to

>click the chart to see on full screen <

Price gave a clear break shows more upside coming.

>>> Voltas <<<

Updated on face book at 11:40 am today

>click the chart to see on full screen <

Break out given - More upside coming.

5870 Resisting

Dear All

Bernanke likely to signal tapering :

Fed Chief Ben Bernanke is likely to signal on Wednesday the central bank is close to reducing its $85-billion-a-month asset-purchase program. Bernanke is likely to deliver an upbeat message on how the strength of the economy will soon justify a taper, with a signal that this in no way brings forward a rise in short-term interest rates, according to the report.Rising bond yields are likely to make the Fed cautious about acting too quickly after its first move.

So if this Happens, then No Way FII's may start pulling out Money from Our Market Too. Going to be Interesting tomorrow.

>>> NIFTY <<<

>Click the chart to see on full screen<

No change on levels as said yesterday.

>>> Exide Industries <<<

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Exide on Bear Phase. Should Fall from here. If break the Triangle then Free fall not ruled out. Lets See.

Resistance 5870

Dear All,

>Click the chart to see on full screen<

5870 Key Resistance for sub wave (4). If not crosses then fall to resume, else this count invalid and upmove should continue.

>>> Bharti Airtel <<<

>Click the chart to see on full screen<

Bharti Airtel ready for Break out above the channel. Lets See

Weekly Review - 17.06.2013

Dear All,

> Nifty - Daily Chart <

> Click the chart to see on full screen<

Above daily chart broken the support line and traded below 200dma for 2 days, and a bounce on friday to touch back the support turned resistance line seems like a relief rally or sub wave (iv).

> Click the chart to see on full screen<

Above plotted line on chart shows the possible down move in coming days. Friday upmove i have numbered as sub wave (iv) and if able to move above 5940 may invalid this count. If 5940 is not crossed, then the fall should continue as shown on chart.

>>> Nifty - Hourly Chart <<<

> Click the chart to see on full screen<

Above Hourly chart - shows the move as an extension in nature, the Upmove should be resisted at two Points like 5828 and 5862 form where the fall should resume once again. Move past these resistance invalided this count.

>>> Bank Nifty - Daily <<<

> Click the chart to see on full screen<

Bank Nifty completed Wave (3) or (C) should find support at 11226 as shown on chart.

>>> SBIN <<<

> Click the chart to see on full screen<

SBIN after breaking the important support line it seems like forming an Expanding Triangle like pattern. Ongoing 3rd Wave had a potential to fall till 1900 and 1740. Lets see.

>>> Performance <<<

>click the image to see on full screen<

Last Hope for Bulls - 5638

Dear All,

>Click the chart to see on full screen>

Major reason why I feel nifty may get support in near terms means, FII may not go for aggressive selling from here. The reason is FIIs who invested even about 40 days ago, the losses, if they exit market, on the currency exchange rate itself will be close to 9 per cent. It does not make sense for them to sell now.

Though the falling rupee has dampen the sentiment is true and the fall continues in Nifty. Stocks are beaten down more than enough.

Last Hope for Bulls stands near 5638, if broken then the Bear phase should extend more, as I see change in direction and counts as below.

>>> Nifty - Alernative - Breaish View <

>Click the chart to see on full screen>

Cheers!!!

Holding the Support But No Strength ?!?!?!?!

Dear All,

>Click the chart to see on full screen<

Yes, Holding the support but still no strength. Details on chart.

5854 Broken, Next 5750

Dear All,

>click the chart to see on full screen <

Yesterday's alternative count failed as it broken the channel given. Today broken 5854 and confirmed wave (c). Now Wave (c) retracing 127.2% of wave (a) which may complete Wave B at 5750. Approx 372 Points fall form 6132. So Nifty may return from 5760-5750 levels soon. Lets See!!!

Re Vs Nifty

Dear All,

>Click the image to see on full screen<

The rupee today fell by a whopping 71 paise to hit a new life-time low of 57.77 in the late morning trade on persistent dollar demand from importers and and banks amid the US currency gaining overseas.

Chief economic adviser Raghuram Rajan, said the weakness in rupee could be a temporary phenomenon. "India has large CAD, and currencies of emerging markets (with) large CAD have depreciated more. This could be temporary phenomenon. But again let me reiterate government is not supportive of weakening of rupee and we would like more stability," he said.

Finance Minister P Chidambaram, too, had said there was no cause for alarm and the currency would soon find its stable level.

Falling Rupee raising concerns whether the Reserve Bank of India (RBI) would ease policy rates in its upcoming meet next week.

Unlike I predicted Last week about Bullish Wolf Wave, Nifty made a very choppy + volatile trade after a gap up opening today morning, ended day in negative zone after weakness in rupee worried market.

So its inevitable to find a alternative move on Nifty. Here it is...

>Click the chart to see on full screen<

I dont think there shall be any steep correction or panic fall with immediate, instead the ongoing move shall be in the form of a-b-c-d-e format (only if 5854 gets broken) which may get complete at 5754 or near to it. It shall be like a 'Flag' Like Pattern, and a break out above the flag needed for an upmove after the fall gets complete.

So its like a No Trade Zone. Lets wait and See.

Weekly Review 10.06.2013

Dear All,

>>>> Nifty <<<<<

>Click the chart to see on full screen<

I still feel like a IHS in still active unless price closes below the mentioned support like.

>>>Posted on 06th June, 2013<<<

>Click the chart to see on full screen<

Though lot of bad news like falling rupee,US Fed withdrawing its monetary stimulus and the Reserve Bank of India not cutting rates as much as previously anticipated Charts shows lot of bullish signs and support. Key Events next week should decide the trend like Wednesday: April industrial output, May CPI inflation and Friday: May WPI inflation

>>> Bank Nifty <<<

>Click the chart to see on full screen<

Bank Nifty on Crucial Supports Like 50 dma and the Trend line as shown on Yellow colored. Important evens on wednesday and Friday also impact Bank Nifty which may give a heavy action moves next week. Interesting week coming next. Get ready for it.

>>> Performance <<<

We welcome subscription queries, so send us email on niftyforall@yahoo.com for more details.

Bullish Wolf Wave - Get Ready for Upmove

Dear All,

>Click the chart to see on full screen<

Yes, certainly its clear that Nifty on a Bullish wolf wave. Earlier I said 5854 and today made a low of 5869 which looks like a double bottom as marked on chart. Now the Scenario looks clear for a Bullish wolf wave and I hope Nifty may start moving up for 6200+ soon. So Interesting move coming. Lets See

>>> DLF <<<

>Click the chart to see on full screen<

Yes, Worst is over for DLF. If this Double bottom is not broken, Get ready for a Good Upmove from here on-wards. Cheers!!!

5937 - Resistance to decide

Dear All,

>Click the chart to see on full screen<

5937 if not crossed then fall should happen as said yesterday (please refer yesterday post) to fill the gap left at 5854, else if crosses the resistance, then an upmove (turn around) may happen. Lets see