Wednesday, July 31, 2013

Resistance 5753, 5800 & 5840

Dear All,


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

After gap down opening, wave 3 ended and started moving up for wave 4. Relief rally on its way.
>>> Bank India <<<

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


Bank India >> above 187 should target for 200+ as given on Chart. Cheers!!!

Tuesday, July 30, 2013

Relief Rally Possible ?!?!?

Dear All,


>Click the chart to see on full screen <

5750 is an important support if holds then wave 3 should end here and should bounce back for wave 4. Seems like a Possible H&S formation. So I think its time to cover shorts and wait for next opportunity to short at higher level. Lets See.

Monday, July 29, 2013

Support 5830 & 5768

Dear All,


>Click the chart to see on full screen<


5830 immediate support if fails, then should test 5768. RBI Policy meet should move the market tomorrow. Lets See.

>>> IB REAL EST <<< >>> As Updated on Last Weekly Review <<<
>Click the chart to see on full screen<

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

Well 20,000 is the Profit so far in IBREALEST. Cheers!!!

Saturday, July 27, 2013

Weekly Review - 28.07.2013

Dear All,

When RBI after market hours on 23rd July announced that the total quantum of funds available under liquidity adjustment facility (LAF)has been capped to 0.5% (lowered from 1%) of individual bank’s net deposits and time liabilities (NDTL), which would be effective from July 24, 2013, which triggered the sell-off on Wednesday Morning, particularly Bank Stocks in particular.

RBI also increased the requirement of minimum daily cash reserve ratio (CRR) maintenance to 99% from 70%, which would be effective from first day of fortnight beginning July 27, 2013.

So RBI gave a clear signal that it worried Only about Rupee depreciation and not about growth factors.

Apart from domestic Issued looming fear over slowdown in China coupled with caution ahead of Reserve Bank of India and US Federal Reserve’s policy meeting next week.

Reserve Bank of India’s monetary policy on Tuesday will be a key trigger for markets in terms of any cue on liquidity measures to support rupee.

Meanwhile US Federal Reserve will unveil its policy decision on Wednesday with investors awaiting clarity on tapering of the stimulus.

Crisil slashes GDP forecast to 5.5% on rupee weakness,Montek Singh Ahluwalia Said while Growth may dip to 5% for rest of 12th plan. Surely these messages are not good for Market.

So lets go to Technicals...

>>> Nifty - Daily <<<
>>> As given on Last Weekly Review - 22nd July, 2013
>Click the chart to see on full screen<

Above chart Published last week and said every one that Wave B ended and C should start any time. Advised caution.

>>>Happened and Yet to<<<


>Click the chart to see on full screen<

So Nifty made 6093 and started sliding for wave C, Hit a low of 5869.

>>>> Nifty - Hourly <<<

>Click the chart to see on full screen<

Above chart is Hourly and marked with lot of extension wave signals us that heavy volatile is getting ready to hurt us. Indeed if the support line as shown on chart gets broken Price should move downward to fill the gap left.
>>> Bank Nifty <<<

>>> As given on Last Weekly Review - 22nd July, 2013 <<<

>Click the chart to see on full screen<


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

Bank Nifty - Have advised caution last week and Bank stocks in particular. As expected Wednesday sell off in bank nifty and Bank stocks Hammered down heavily.

>>> Block Bluster Charts and Performance Last Week <<<

>>> Jp Associates <<<
>>> As Published on 22nd July, 2013

>Click the chart to see on full screen<

>>> Happened <<<

>Click the chart to see on full screen<


>>> Bata India <<<
>>> As Published on 23rd July, 2013 <<<

>Click the chart to see on full screen<


>>> Happened<<<

>Click the chart to see on full screen<


>>> Ambuja Cement <<<


>Click the chart to see on full screen<


>>> Tata Power <<<

>Click the chart to see on full screen<


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


>>> Performance <<<

>Click the image to see on full screen<

Thursday, July 25, 2013

Support Near 5900

Dear All,

>Click the chart to see on full screen <


>>> BATA INDIA <<<

>Click the chart to see on full screen <

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


Cheers!!!

Wednesday, July 24, 2013

Resistance 5992,6010 and 6025

Dear All,

>click the chart to see on full screen <

So Nifty not able to cross 6087 or 78.6% retrace confirm the end of Wave B, also broken trend line and holding with channel support as shown on chart. Now Resistance at 5992,6010 and 6025. Support 5962.

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

Jp Associates should fall more. Lets See.


>>> Bata India <<<

>click the chart to see on full screen <

Bata if breaks the Channel as shown on chart, expect free fall. Cheers!!!

Tuesday, July 23, 2013

6087 - Resisted

Dear All,

>Click the chart to see on full screen<


Nifty resisted near 6087 with Lot of -ve div on MACD gives a Warning singal for Bulls. As usual I advice Long traders to remain caution with proper stop loss. Lets See.


>>>Bata India <<<

>Click the chart to see on full screen<

Bata India looks week, Caution advised.

Monday, July 22, 2013

Sell on Rise ?????

Dear All,

>Click the chart to see on full screen <


>>> Jp Associates <<<

>Click the chart to see on full screen <

Disclaimer :- My clients holding short on JP Associates. We have already booked part profit also.

Saturday, July 20, 2013

Weekly Review - 22.07.2013

Dear All,

We had a very Choppy Session last week. Reason for the choppiness due to Nifty's corrective upmove extended as a-b-c-d-e instead of my expectation as a-b-c. Also Bank Nifty faced lot of correction and while IT index looks positive as Infy and better than expected TCS results added with falling rupee.

But CAD remains a threat as rupee shows continues weakness and rumors around the corner that RBI may hike rate sooner or later to avoid the rupee falling any more. It means to us that though market remains on the same direction, changes happening with in the waves as per developments. Though if any one is a good Technical Analyst he should remain caution in the market and should avoid over confidence to avoid loss from the sudden changes or twist happening in the market.

Next week market may possibly turn down any time negative. As I have already wrote the current upmove is only a corrective upmove, market should turn any time down from here onwards. Nifty should face a Strong Resistance at 6087 (or 78.6%) retrace of previous fall from 6229 to 5566 which i meant as Wave A. So the current Upmove is Wave B and its extended as a-b-c-d-e. Wave C downside should start any time next week.

>>> Nifty - Daily <<<

>Click the chart to see on full screen<

>>> Nifty - Hourly <<<
>Click the chart to see on full screen<

On Daily Chart nothing unusual and Hourly chart we need confirmation for the downside to break support like 6005 and 5950. Resistance 6087.
>>> Bank Nifty <<<

>Click the chart to see on full screen<

Bank Nifty after making a high of 11812 completed its 4th sub wave as a-b-c and started downside fall for the 3rd of 5th wave and confirmed lot of down side yet to come in. So caution advised once again for Bank stocks too.

Lets See how my Past Charts performed so far. Below mentioned charts are published earlier and hence Update give as per.

>>>> SBIN <<<<

>>>>> As Updated on 14th June, 2013 <<<<<

>Click the chart to see on full screen<

>>>>> Happend and Yet to <<<<<


>Click the chart to see on full screen<

>>> BHARTI AIRTEL <<<
>>> As Update on 19th June 2013 <<<
>Click the chart to see on full screen<

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

>>> Ambuja Cement <<<
>>> As Published on July 01st, 2013 on our Face Book Fan Page <<<

>Click the chart to see on full screen<


>>> Happened and Yet to <<<

>Click the chart to see on full screen<


>>> Peformance <<<

>Click the image to see on full screen<

enquiries are invited on niftyforall@yahoo.com

Thursday, July 18, 2013

Resistance 6047 & 6074

Dear All,

>Click the chart to see on full screen<

So still some more stream left on Nifty. Also after breaking 6038 Nifty again changed its count as a-b-c-d-e as the corrective upmove getting extended. Hence Nifty should find its resistance at 6048,6075 and 6087

Wednesday, July 17, 2013

Is the Rally Over ???

Dear All,

>Click the chart to see on full screen<

Is the Rally Over ??? Yes it seems like !!!. Wave B completed at 6038. Break below the Trend line as shown on chart may trigger lot of sell off. More over Ben Bernanke's speech tonight gets importance for our Opening tomorrow morning. Hence his speech may spark tomorrow on nifty highly on either side.

So lot of fire works pending tomorrow. So lets wait.

>>>>> INDUS IND BANK - UPDATE <<<<<

Update as on 12th July, 2013

>Click the chart to see on full screen<


>>>>>Happened <<<<<

>Click the chart to see on full screen<


Cheers!!!

Tuesday, July 16, 2013

Support 5880

Dear All,


>Click the chart to see on full screen <


As wrote Yesterday, nifty spot unable to cross the resistance and made a big gap down opening. Now it seems like nifty started its downward journey from here onwards. Support like 50dsma or 5880 should be broken for more confirmation on the downside. Lets see.

Monday, July 15, 2013

Resistance 6041 & 6114

Dear All,

>click the chart to see on full screen <

Chart above differ slightly from my earlier views - as i felt there is some minor changes in the count. Hence I changed the resistance levels also. So now 6041 & 6114 shall be the resistance.

Though there are lot of bad news flowing form IIP and WPI data front, Nifty continue to move up inch by inch. But stocks are not advancing along with Nifty. As I have already suggested that this is a corrective upmove and the down trend shall resume any time. So the situation looks like a Head or Tail.

One should start booking Longs and advised to protect their profit. Cheers!!!

>>> BHEL <<<

>click the chart to see on full screen <

Bhel already broken the IHS and still consolidating near the Neck like for sub wave 4. Chart attached above shows the immediate support, if not broken good bounce possible, else more consolidation like as the stock should find its support at 183 and 180 levels. Lets See. Cheers!!!

Friday, July 12, 2013

Weekly Review - 15.07.2013

Dear All,
>>> Nifty - Daily <<<

>Click the chart to see on full screen<

5970 Crossed and closed shows strength of Bull. Also Hanging man add more green signal to Bulls. Though one should keep in mind that the current upmove is only a Corrective in nature and upside is only limited.

>>> Nifty - Hourly <<<

>Click the chart to see on full screen<

Above Hourly Chart should be very clear for those who read this blog regularly. I have previously absorbed the possible break out when B wave was triangle nature as a-b-c-d-e. So current upmove should be Wave C. As per Fib Golden Ratio 78.6% or 6088 should be the next target. But I still feel it can also crossed for 6095 or even 6140 may tarsget. Let See...

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

I think no explanation needed for Bank Nifty, as its very easy to understand/


>>> Hits of Last Week <<<
>>> Lic House Fin <<<
>Click the chart to see on full screen<

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

>>> Indus Ind Bank <<<
>Click the chart to see on full screen<

>>> PERFORMANCE <<<