Monday, June 30, 2014

Resistance @ 7635-40

Dear All,

>>> Nifty - As Posted on Last Weekly Review <<<

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

Last Weekly Review - Wrote about the Resistance at the Pitchfork. See What happened.

>>> Nifty - Happened and Yet to <<<

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

Today price break out above the pitchfork, So now the possible Resistance above 7635-40, if unable to cross may see correction. Else if crosses then rally to continue.

>>> UCO BANK <<<

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

UCO Bank - Met First Target with a Profit of 16000/-.

>>> IDFC <<<

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

IDFC - Met First Target with a Profit of Rs.8000/-

Saturday, June 28, 2014

Weekly Review - 30.06.2014

Dear All,


>>> Nifty - Hourly Chart <<<

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

Nifty Continue to correct as abc-x-abc. So possible near term support shall be around 7390. One should remain Patience with wait and watch Policy.

>>> Chart Performance of the Week <<<

>>> BHEL - As Posted on 23rd June, 2014 <<<

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

Wrote on 23rd June - about Break out on BHEL.


>>> BHEL - Happened <<<

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

Booked 20K as Part Profit.

>>> SSLT <<<

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

SSLT gave us 10k as Part Profit.

>>> MCLEODRUSS - As Posted on 24th June 2014<<<


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

Wrote for many weeks about McLeodRussel - See what happened.

>>> MCLEODRUSS - Happened <<<

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

Rallied and Hit all Targets with a Profit of 21000.

>>> SPIC - As Posted on 21st June, 2014 <<<

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

SPIC - given on Special Coverage - Cash Stocks - to Buy in Bulk.

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

25.80 high made. Still lot of potential to rally more. Keep Buying for more rally.

>>> PERFORMANCE <<<

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

Write to us for more details on niftyforall@yahoo.com

>>> L&TFH - Special Coverage <<<


L&T Finance Holdings was seen as one of the favourites to get a new banking licence because its parent Larsen & Toubro has a diversified ownership. Public shareholding in Larsen & Toubro was 96.42 per cent at the end of March, 2013.

According to an analyst with a domestic brokerage, Larsen & Toubro may propose to set up NOFHC instead of L&T Finance Holdings to meet the eligibility criteria for a Banking License. L&T Finance Holdings offers diverse range of financial products and services across corporate, retail, housing and infrastructure sectors as well as mutual fund products and investment management services. It has presence across 23 states in India.

There are rumours on the air about L&T Finance and Yes Bank Merger or to Buy Stakes on Yes Banks. Its like an Back Door Entry into a Banking Foray.

Both Yes Bank and L&T Finance have denied news reports on their merger talks. In a stock exchange notice, Yes Bank said, it “does not comment on speculative news appearing in the media”, adding that the “bank keeps on evaluating capital raising alternatives, and has obtained board approval to raise equivalent of $500 million of fresh capital in...fiscal 2014-15”. L&T Finance, too, does not comment on speculative news. “As a part of its normal course of business, the company keeps evaluating opportunities on both organic and inorganic basis. The investors/stock exchanges would be informed as and when definitive developments take place,” it said.

Still the speculation is not dying down

Also Commercial vehicles maker AMW Motors has tied up with L&T Finance to provide retail financing options for its range of medium and heavy haulage vehicles and tippers, the company said on 25th June, 2014.

The agreement will help provide loans for the entire range of AMW vehicles such as tippers, the new AMW haulage range and other special purpose vehicles.

So lets go to Technicals and See What Chart Says...

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

Just Buy for Rally...Cheers!!!

Thursday, June 26, 2014

Next Support @ 7474

Dear All,

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

Looks like a More complicated corrective wave. Hope the chart is clear and no more explanation needed on it.

Wednesday, June 25, 2014

Not Crossing 7590.

Dear All,

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

As said yesterday - today also unable to cross resistance 7580-90. Lets wait and See.

Tuesday, June 24, 2014

Resistance 7580-7590

Dear All,

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

Today's bounce back looks like correction almost ended and market ready to ignore Iraq civil war. So Budget may be the next cue and may keep moving as Pre-Budget Rally.

7580-90 or 61.8% Retrace looks important to cross. Lets See.

>>> BHEL - As Posted Yesterday <<<

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

Wrote Y'day - BHEL to Buy. See What Happened.

>>> Happened and Yet to <<<

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

Yes - We had a Part Booking for Rs.10,000. So wait for more rally also.

>>> SSLT <<<

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

One more Profit booked with 10,000 profit. So again buy on dips for a good rally.

>>> MCLEODRUSS <<<

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

Following Mcleod for last 2 Weeks and still not yet given a Proper Break Out. Today's move looks like nearing to a good break out. So get ready and Buy Buy Buy for a Good Rally. Cheers!!!

Monday, June 23, 2014

Supported @ 7445. Resistance @ 7552

Dear All,

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

Today's fall almost completed 100% retrace of Wave (a) as on chart. Supported @ 7445 and Next Key Resistance @ 7552.

>>> BHEL <<<

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

Break Out - Break Out - Break Out - Just Buy Buy Buy for Rally.

Saturday, June 21, 2014

Weekly Review - 23.06.2014

Dear All,

>>> Rupee Vs Dollar <<<

>>> As Posted on 31st May, 2014 <<<

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

Last time I have warned about the possible Rupee fall as per attached chart. At the time of posting this chart we don't have any news or event which support the rupee fall. See what happened later.

>>> Happened and Yet to <<<

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

Gulf Civil War may be give as a reason now for the break out here on Rupee chart. But we have the technical reason for this. So now if this break out continues, all of you know what will happen.

>>> Nifty - As Posted Last Weekly Review <<<

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

Last week mentioned about the support on Nifty. See what happened

>>> Happened and Yet to <<<<

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

As expected last time, support did not hold. Instead - Both Price and RSI broken the support. So technically the fall may continue.

>>> Nifty - Hourly Chart <<<

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

Hourly chart says the possible fall till 7360-7320.


>>> Bank Nifty <<<

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

Bank Nifty too shows weakness. Lets Wait and See.

>>> Chart of the Week <<<

>>> INFY <<<<

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

>>> ULTRACEMCO <<<

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

>>> BHEL <<<<

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

>>> Performance <<<

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

Just email us for details of our service.

>>> SPECIAL COVERAGE - SPIC <<<

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

Yes Yes Yes - Just Buy Buy Buy and Enjoy SPIC.

Thursday, June 19, 2014

7500 Holding.

Dear All,

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

Volatile trade - 7500 holding still. Lets wait for clarity.

>>> Maruti <<<

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

We are short on Maruti. Now if breaks the support as shown on chart - expect free fall. Just Sell and Earn. Enjoy.

Wednesday, June 18, 2014

Support @ 7530 & 7510

Dear All,

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

Sudden Fall due to Gulf Crisis and followed by INR hit a low of 60.43. Nifty resisted @ 7662 or 78.6% fib level as shown on chart. So Now 7530 and 7510-7500, Support if breaks then fall to continue.

We hit a stop loss too. Nifty may remain volatile till the gulf news gets fade. PM's meeting on Inflation followed by Budget dates may increase nervous and hence caution advised on either side.

To say in simple words - safety is First and I feel lot of Retailer may have trapped or Hit SL on last 4-5 days.

So better wait for more clarity.

>>> MCLEODRUSS <<<

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

Have already covered this as a Special Coverage on Last Weekly review. Fall in tea out put followed by Increase in Price of Tea may benefit Mcleodruss.

On Chart a Flat / Pole like pattern visible and if break above the channel - Get ready for a good rally. So Forget Nifty and Buy this tea stock for excellent gain. Cheers!!!

Tuesday, June 17, 2014

Resistance 7640-50

Dear All,

>>> Nifty - Posed Yesterday <<<

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


Wrote Yesterday 7487 as a good support - if holds then bounce back possible. See what happened.

>>> Nifty - Happened and Yet to <<<

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

As expected - Nifty took support from 7487 and rallied more than a 100 points today. Now 7640 or 7650 remains a key resistance. If unable to cross may trigger a fresh selling. On the other side - if able to cross the given resistance may trigger a fresh rally once again.

>>> INFY <<<

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

INFY - Booked on first Target with a Profit of 11250.

>>> BHEL <<<

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

We are Long on BHEL form 239, reached 249 and made a part Booking for Rs.20,000. Chart ready for a big break out - Just buy and enjoy.

Monday, June 16, 2014

Support @ 7487

Dear All,

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

Middle channel shows a clear support from bull @ 7487, if holds - then get ready for another rally. Break below may see a fall till the second bottom.

>>> INFY <<<

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

INFY - We had a profit again today also. So now as per above chart - if there is a break out - get ready for a big upmove + short covering soon.


>>> ULTRACEMCO <<<

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

Yes, we made a part profit and advised to exit on cost. But as per chart if price unable to pull back above the trend line - then the fall should resume again. Lets See. Cheer!!!

Saturday, June 14, 2014

Weekly Review - 16.06.2014

Dear Sir,


IT major Infosys has appointed Vishal Sikka as its CEO and MD, appointed its first outsider to head the company on Thursday, hoping new blood will help in its struggle to stay competitive, as it tries to evolve from a low-cost outsourcing company into a global technology brand.

India's second-largest software exporter said Vishal Sikka, a veteran of German software company, will take over as managing director and chief executive.

The company is hoping that Mr. Sikka, educated at Stanford University and known for leading and accelerating the launch of sophisticated software platforms at SAP, can make Infosys an industry trendsetter again.


"This is a rare opportunity to take an iconic company that shaped the industry in India, and help shape the industry one more time," Mr. Sikka told a news conference in India's technology hub of Bangalore.

also assured investors that he would outline a clear strategy "in a few weeks". Some experts believe clarity on management roles should help the company stem the exodus of senior management at the company. At least 12 senior executives have quit the company since last June.


Lets move on to technicals ....

>>> INFY - Posted on 31st May 2014 <<<

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

Clearly wrote just 15 days before - To Buy. If you are a risky trader and bought as per written on chart - then you must be in a good profit now.
Else if you have bought once it break out from the falling wedge - must given a hand some profit.
See what happened

>>> INFY - Happened and Yet to <<<

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

Clear break out from Falling wedge - RSI getting ready for a break - Shows a clear bull trend. Buy on every dips to reap your profit.

>>> NIFTY <<<

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

Friday fall really scared many and I received many queries like "Is this the end of Bull market". Since many stocks lost nearly or more than 5% on screen has made many traders and investors to make loss in just a day fall.

So whats happening. Please understood that - this fall is a time wise correction - We don't have any break down to believe that bull market is ended.

So lets see what are the possibilities for nifty to get support on chart.

As the above chart clearly shows the trend line support and RSI also having a support too. As I believe its a sub wave 2 fall. Soon next week nifty may start moving upward is the trend line doesn't get violated. Lets see in detail on hourly chart also.

>>> Nifty - Hourly Chart <<<

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

7500-7515 looks very important for nifty to give strength for bull. So lets wait and see.

>>> Bank Nifty <<<

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

Hope its a clear chart on Bank Nifty - and you understand too. So lets wait and see.

>>> Charts Performance of the Week <<<

>>> HLL <<<

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

We exited HLL earlier at 626 with partial profit.

>>> INFY <<<

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

Good Profit of 17500 on INFY.

>>> NTPC <<<

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

We had a very good profit on NTPC fall. Profit made nearly 20,000/-.

>>> TCS <<<

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

TCS - like infy - looks good on chart - We booked on first target of Rs.8125. Still looks attractive for buy on dips. Just buy for good upmove.

>>> Yes - As Posted on 12th June, 2014 <<<

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

we have wrote in this blog many times about Yes Bank short call. We shorted too. See what happened.

>>> Yes Bank - Happened <<<

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

Yes on Yes Bank - We made 36000 Profit. Jackpot.

>>> Performance <<<

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

For details of service - send email to niftyforall@yahoo.com


>>> MCLEOD RUSSEL - SPECIAL COVERAGE <<<


Tea prices are set to rise in near-term because of low crop output resulting from adverse weather conditions.

The weather has not been kind to the tea industry since November last year, said Kamal Baheti, CFO, McLeod Russel.

There has been a 40 percent reduction in produce and the weak trend could persist in the current quarter as well, adding his company was considering a Rs 15-25 per kg hike in the near-term

Rising threat from El Nino may increase Tea Price more in coming days.

Average tea prices in India, the world's second-biggest producer, edged higher at last week's auction on strong demand amid a slight drop in supplies from the top-producing Assam state.

Consumption, on the other hand, is expected to grow at 2-2.5 per cent in 2014 led by increase in population and steady per capita tea consumption. Thus, consumption is expected to outpace production resulting in a further drop in inventory levels in 2014, which, in turn, will lead to a rise in prices.

As compared to North India, auction prices in South India are estimated to increase at a faster pace on account of continued decline in production in 2014.

Despite rising tea prices in India, Crisil Research expects profitability of tea planters to improve only marginally by 50-100 basis points to about 19 per cent in 2014. This is on account of an anticipated increase in labour and power and fuel costs. Labour costs, which account for 40-45 per cent of total operating costs, are slated to rise by 7 per cent in 2014 in line with latest contract signed with labour unions. Power and fuel costs, amounting to 10-15 per cent of total operating costs, are also estimated to rise in 2014 led by increase in grid power tariffs.

So Rise in Tea Price - may help McLeod Russel in coming days. Lets also look in to the chart of this Stock.

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

Clear break out on Price and RSI shows a big upmove coming. Just Buy and enjoy. Cheers!!!