Saturday, December 14, 2013

Weekly Review - 16.12.02013

Dear All,

Out Look for the Week :-

Market fell last week on worries of a rate hike by the central bank and fears of US Federal Reserve winding down its monetary stimulus measures. Rising inflation level in November and weak industrial output in October weighed on market sentiment.

>>>Week ahead<<<

Apart from policy reviews from the central banks of India and the US investors will be keenly watching corporate advance tax payments and inflation based on the wholesale price index.

The inflation data based on wholesale price index for November is scheduled for release on Monday, 16 December 2013.

The two-day meet of the US Federal Reserve Bank begins on Tuesday, 17 December 2013 while Reserve Bank of India will announce its Mid-quarter monetary policy review for 2013-14 on Wednesday, 18 December 2013.

>>> Nifty - Weekly Outlook <<<

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


Yes, I warned my clients about this fall on 10th Dec itself. Expanding Triangle & bearish engulfing on weekly chart gave a strong bear signal. So expect some bad news from international or domestic front for a possible fall in coming days. Readers those who have aggressive longs should stay cautious even if your not a short traders, maintain strict stop loss for any index or stocks you hold.


>>> Nifty - As Updates last week - Alternative 1 - Bearish Outlook <<<

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


Nifty made a big gap up on Last Monday due to 5 states election results, surpassed previous high at 6415, so our support levels changes now than last week.

>>> Happened and Yet to <<<

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


Looks like an a-b-c on the downside. Hence may fall as given on chart.

>>> Nifty - As Updated Last Week - Alternative 2 - Bullish Outlook <<<

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

As per second alternative wave 3 should be on the upper side, instead we saw a correction and so lets see what are the possibilities left for bull.

>>> Happened and Yet to <<<

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


On bullish alternative it should be sub wave (ii) on the downside and possible that it may take support at 6067 or 5972. If breaks these support then counts and bullish outlooks becomes invalid and may turn bearish

>>> BANK NIFTY - As Updated on 09th Dec, 2013 <<<

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


Above chart updated after big gap up opening on 5 State election results declared. Wrote that a-b-c-d-e pattern seems completed and a possible sell off.

>>> Happened and Yet to <<<

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


200 dma & channel should support for upmove. Else free fall should continue.

>>> BUZZING STOCKS <<<

>>> ICICI BANK - As updated on 12th Nov, 2013 <<<

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

>>> Happened and Yet to <<<

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

Reached both Target as expected and made a good Profit.

>>> NTPC <<<

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

Yes moving good and we are holding still. Booked some part profit also.

>>> PFC - As Updated on 12th Dec, 2013 <<<

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

>>> Happened and Yet to <<<

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

PFC - Booked good Profit. Still more downside left.

>>> MISSED CALLS <<<

>>> HCL TECH <<<

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

HCL TECH did not performed well and hit stop loss with a loss of 5500.

>>> PERFORMANCE <<<

For queries please write us to niftyforall@yahoo.com.