Friday, November 29, 2013

Weekly Review :-02.12.2013

Dear All,

>>> Nifty - As Updated on Friday <<<

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

Wrote Yesterday about Possible bullish break out on chart.

>>> Happened and Yet to <<<

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

As said broken out and more fire works above 6200. If GDP is good, Short Sellers must be cautious.

>>> Bharti Airtel <<<

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

Yes we are holding Long in Bharti Airtel. Have booked Part Profit. Looking for a good break out soon.

>>> Syndicate Bank <<<

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

Syndicate Bank done our first Target. More upmove coming for next 2 targets also.

>>> Cipla <<<

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

Already wrote last week about Cipla - formed an a-b-c-d-e patter. Today gave a Break out on Hourly chart. Yes we are long in this counter. Buying on every dips is advisable.

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

Yes, Just buy it for good target on the upper side.

>>> PERFORMANCE <<<

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

Thursday, November 28, 2013

Resistance 6114 & 6200

Dear All,

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


On bullish alternative, its seems like we are on the edge of break out. Key resistance 6114 and 6200. Now if breaks these resistance we may see a rally coming in.

Wednesday, November 27, 2013

Expiry to decide the Trend

Dear All,

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


A Cat on a Wall again. Expiry should decide the trend. As said yesterday nifty took support at 6030. Next immediate resistance 6120 if breaks on the upper side or the trend line, Bulls may take charge.

Support 6005 or 5972 broken on the downside, entire market should turn downside.

Get ready for a thrilling Expiry tomorrow. Cheers!!!

Tuesday, November 26, 2013

Support 6030 & 6005

Dear All,

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

Nifty Support 6030 & 6005. Resistance 6161. Expiry nearing with high volatile.

>>> Bank Nifty <<<

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

Apart from chart give here, bank nifty may form a triangle pattern also. Lets See

>>> CIPLA <<<

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

Highly oversold Cipla, Completed a-b-c-d-e pattern, look for a good bounce back form here.Good stock for Bottom fishing. Lets See.

Monday, November 25, 2013

6120 Done; 6161 Next

Dear All,

>>> As Updated on Friday Weekly Reveiw <<<

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

Wrote yesterday on bearish view that 6120 as key resistance. So today hit exactly near 6120. Lets see whats next ...


>>>> Happened and Yet to <<<<

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

6120 done today. If unable to cross then fall must start, else 6161 should be the next resistance. Above then bulls may take control. Lets see.

>>> Bank Nifty <<<

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

Bank Nifty - I guess its moving as a-b-c-d-e. Now the Upmove should make it as 1-5 and hence lot of actions left. Lets See.

Saturday, November 23, 2013

Weekly Review - 25.11.2013

Dear All,

Market saw a sell off after the minutes from the Federal Reserve's last meeting signalling US stimulus may be reduced in coming months and persisting worries over the slowdown in foreign investors’ buying into Indian shares.

We have discussed about the possibilities of bear attack in last several weeks. As expected Nifty saw a sharp sell-off and drifted below 6000.

F&O Expiry next week makes more nervous about where the nifty is heading for. So let discuss this week about the two Alternatives on Nifty.

>>> Alternative - 1 <<<

>>> Nifty - Daily <<<

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


We have discussed many time before about this bearish view as a-b-c-d-e pattern ended near 6340. Channel support and 5970 plays an important support. If breaks final support comes from 5875 or 38.6% fib lvl.

>>> Nifty - Hourly <<<

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


Last have mentioned about Island Reversal, If you are my regular reader you might remember that too. Friday rally failed to fill the gap left on the island due to sell off on the later part of the trade. Monday if 5972 hold then nifty should bounce till 6064 and 6120 for sw(ii) as shown on chart. Once the gap get filled the index should resume its fall on the downside.

>>> Alternative - 2 <<<

>>> Nifty - Daily <<<

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


Nifty daily - An alternative Bullish view - May 20, 2013 Nifty has completed its First wave upmove. Fall upto 5118 on Aug 28th shall be wave 2. So finally we are on wave 3. After hitting a new life high on Nov 03rd, now Index trying to complete its Irregular 2nd Wave consolidation.

If Nifty hold 5972 or takes support near to it, an IHS may come into effect and a Bullish upmove for New index high possible in near term.

Fundamentally there are lot of issues on our economy, many may argue that after slow down hitting our economy how index can move up to a life time high. But remember How DOW index made life high when there are lot of issue on their economy too.

So its going to be an Interesting move on Nifty again.

>>> Nifty - Hourly <<<

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

Once again Hourly chart given here for an bullish argument. An IHS here looks very effective if the channel hold. So Short (Bearish Traders) on Index should be kept carefully with Proper Stop Losses. Get ready for a Jumbo upmove if the Support not breached on the downside.

>>> BLOCK BUSTER CHART <<<

>>> Auro Pharma <<<

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

>>> ZeeL <<<

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

>>> ICIIC Bank <<<

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

ICICI Bank hit 1011 on friday. Second Target 1030 done with a Profit of 55 X 250 = 13750.

>>> MISSED CALLS <<<

>>> Godrej Ind <<<

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

We gave Profit booking when it hits first target, and it seems many have not booked it. Also re-initiated next day failed and hit sl. Loss Rs.5000.

>>> Can Bank <<<

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

Exited with a Loss of 3000.

>>> PERFORMANCE <<<

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



Thursday, November 21, 2013

Island Reversal on Nifty

Dear All,

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

Yes its a Island Reversal Pattern. So technically there should be a bounce back (say as 'Throw back') should be there to fill the gap left between 6096 to 6108 level. So there can be an another relief rally possible. Let's See.


>>> Godrej Industries <<<

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

Godrej Ind on IHS Pattern, We entered long and booked an Part Profit of Rs.4000. But later part Sell off in Nifty broken down the stock to hit sl at 275. But tomorrow if stock able to hold 273, the one can enter long again with a sl of 273 for a good upmove. Lets See.

>>> ZeeL - As Updated Yesterday <<<

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

Said more fall waiting ...

>>> Happened <<<

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

Fell down more and hit the second target also.

Wednesday, November 20, 2013

50 Hr MA Save the Day

Dear All,

>>> Nifty - As Published on 18th Nov, 2013 <<<

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

Wrote earlier that Nifty facing a stiff resistance near to 6221, if unable to cross may see a big sell off. See what happened!!!.

>>> Happened and Yet to <<<

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

Today's fall got support at 50 hr MA and should note the gap left at 6060 to be filled. Lets See.

>>> ZEEL - As Updated on 13th Nov, 2013 <<<

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


Zee - as given here lot of negative divergence worked out and stock fell today badly. Hit our first target 266. Lets see whats next ?

>>> Happened and Yet to <<<

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

Yes we booked first Target with a Profit of Rs.15000. Since the stock broken down the raising wedge like pattern, should fall more.

>>> Auro Pharam - As Updated on 19th Nov, 2013 <<<

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

Wrote Yesterday that Auro is looking for a more fall. See what happened today.

>>> Auro Pharma - Happened and Yet to <<<

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

Broken the minor channel - confirmed the downtrend and made a low 272.50. Now if breaks below 270 expect more fall in days to come.

>>> ICICI BANK - As Update on 18th Nov, 2013<<<


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

Clearly mentioned about ICICI Bank's Next move. We are short from 1085 and stock achieved our first target today at 1050. We have booked profit as per below.

Sent on Nov 20, 2013 03:21:28 PM ****N4A-STOCK-UPDATE**** ICICI BANK DONE FIRST TAGET 1050. BOOK PROFIT 8750. SELL GIVEN AT 1085 http://niftyforall.blogspot.in

>>> COAL INDIA <<<

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

Coal India if hold the support then expect a good bounce from here. Yes we are long and booked part profit of Rs.5000. Cheers!!!



Tuesday, November 19, 2013

Market PAUSED the Day

Dear All,

>Click the chart to see on full screen<

Nifty paused the day with out any major movement. As said earlier 6221 remains as a key resistance and should decide the trend. Lets wait and See.

>>> AUROPHARMA <<<

>Click the chart to see on full screen<

AuroPharma completed its 5 wave upmove and its time for correction on the downside. We have short position and booked part profit today. Expect more correction in days to come.

Monday, November 18, 2013

Resistance 6221

Dear All,

>>> Nifty - As Updated on 13th Nov, 2013 <<<

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

Wrote on 13th Nov about the possible bounce back as shown on chart. Now everyone know what happened and nifty almost bounced till 6195. Lets see whats next ?

>>> Happened and Yet to <<<

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

I guess the upmove as wave 2 and should resist near 6221. If unable cross the resistance may confirm the end of relief rally and a good or big fall should start for wave 3. So caution advice for all long positions.

>>> ICICI BANK <<<

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

Yes we are short in ICICI Bank. Resistance 1085, if unable to cross may trigger a big or good sell off. If the support channel gets broken, expect a big fall. CAUTION advised for those who long in this counter.

Saturday, November 16, 2013

Weekly Review - 18.11.2013

Dear All,

Jannet Yellen and Raghuram Rajan Speeches turn the market to give a relief rally. Thursday market gain, followed by sell off on late afternoon, shows weakness of the bull. Market may trade in green for some time due to over sold, though the situation remains as a "Sel-on-Rise" Only.

We have some changes on counts in Nifty and Bank Nifty as it breaks some important support and patterns. High volatile made stocks to jitter due to result season. Most PSU Bank suffered from NPA's and incurred sell off. Inflation is not encouraging and RBI's face getting more blackish shows that it may also hike further CRR in days to come.

On the Political front 4 states election out come may also decide market trend as the biggest parties see this as a 'Mini Parliament' Election.


Lets move on to technicals..

>>> Nifty Daily - As Updated Last Weekly Review <<<

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

Last week mentioned that 6100 or trend line as an important support.

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

Broken the trend line and seems like nifty turning bearish. 50 dma gave support and Trend line acts as a resistance. These two may decide the next move.

>>> Nifty Hourly <<<

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

6040 and 6130 act as a resistance for Nifty. If these levels unable to cross may invite sell off.

>>> Bank Nifty - As Updated on 01st Nov, 2013 <<<

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

Wrote on 01st Nov, 2013, that how the trend line is important for bulls to cross. All of us know what happened..

>>> Happened and Yet to <<<

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

As expected Bank nifty failed to cross the resistance line and confirmed the end of Wave B. Now Wave C started on the downside.

>>> Bank Nifty - Hourly <<<

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

Now Bank nifty on a corrective upmove, facing resistance at 10917 or 11230. Sell on rise advisable. Unless there is a meaning full break out, Bank Nifty remains on the bear side.

>>> PERFORMANCE <<<

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



Wednesday, November 13, 2013

Support 5945.

Dear All,

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

Above counts favour of Bearish as Price broken some major supports. Now the fall should continue and if there is any rise should be used for 'Sell on Rise'.

>>> SBI <<<

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

SBI results are out. So whats Next ??? - net profit for the quarter ended September 30, 2013 fell by 35.1% from a year earlier to Rs 2,375 crore as it incurred more expenses and had to make higher provisions amidst deteriorating asset quality. This was the sharpest year-on-year decline in the bank's quarterly profit in the past eight quarters.

Fresh slippages declined by 39.2% sequentially, while net accretion to non-performing assets was down by 65.8%.

1620-1630 if holds then possible of bounce till 1900+. In case break below the give channel then fall may continue for Wave 5. Lets See.


>>> ZEEL <<<

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

ZEEL - Price went up sharply - RSI and MACD - Clear signal from Bear. Lets See.