Saturday, August 30, 2014

Weekly Review - 01.09.2014

Dear All,


India's growth speeds up in after-glow of Modi's triumph


The Indian economy clocked 5.7% GDP growth in the quarter ended June 2014, government data released Thursday showed, up 1.1% from 4.6% in the quarter ended March 2014. GDP growth for the full financial year ended March 2014 was 4.7%

The GDP growth beat estimates. A Reuters poll of more than 40 economists had pegged economic growth in the June quarter at 5.3%.

"We are at the starting point of the pickup in the growth cycle in India," said Sonal Varma, an economist with Nomura. "This data gives us the first sign into that."

She expects the economy to expand 6 percent year-on-year in the fiscal year to March 2015, higher than 5.5 percent estimated by the Reserve Bank of India and faster than a near decade-low of 4.7 percent last year.

"We believe economy is definitely on a path of improvement," said Shubhada Rao, chief economist at Yes Bank in Mumbai. "For the full year, we could see a 60 to 80 basis points improvement from the last year."

Are We in Banking Scam or Crises ????


PSU banks were caught in bear grip on Thursday after report suggested that the Economic Offence Wing (EOW) Mumbai is probing role of public sector banks relating to the fixed deposit (FD) scam. CNX PSU Bank Index fell 1.2 percent.

Meanwhile, the sources on Tuesday said the finance ministry ordered forensic audit in case of non-performing assets (NPA) of UCO Bank and that forensic audit will find out irregularities in loan sanction.

While clarifying on the forensic audit by finance ministry, the bank said (in its filing to the exchange), "The forensic audit is being undertaken in the bank in respect of four old accounts which are all standard accounts in bank’s books. However, the material impact, if any, will be known after completion of forensic audit."

Meanwhile These individuals and middlemen in collusion with bank officials carried out fixed deposit scams at public sector banks including Dena Bank, UCO Bank, Bank of India, Vijaya Bank, Oriental Bank of Commerce, Central Bank of India, Punjab National Bank, State Bank of Bikaner and Jaipur and Dhanalakshmi Bank, according to the agency.

“Dhanalaxmi Bank has been defrauded of Rs.141.8 crore while Dena Bank of Rs.45.23 crore,” said the DCP of EOW.

The EOW was cooperating with the Central Bureau of Investigation in the case, as some of the accused were the same as those who perpetrated the Dena Bank and Oriental Bank of Commerce frauds, EOW officials said. Apart from those two banks, officials from Vijaya Bank, UCO Bank, Bank of India and Dhanlaxmi Bank were under scrutiny for alleged involvement, EOW said.

So far, EOW has arrested four people involved in the fraud and is in the process of arresting six others. The EOW has also arrested the alleged mastermind of the scam Mohammed Fashiuddin, promoter of the Showman Group. “We are also investigating the role of the bank officials involved in the fraud,” said Sinha.

According to a senior official at Central Bank of India, the bank is yet to receive any communication from the EOW. Similarly, an official at UCO Bank stated that no intimation had been received by the bank from the law enforcement agency.

“The EOW has not gotten in touch with the bank’s head office regarding any investigation yet, but it did verify some branch-level transactions,” said a senior official at Dhanlaxmi Bank.

CBI has also registered cases regarding fixed deposit frauds at some branches of Dena Bank and Oriental Bank of Commerce adding up to nearly Rs.400 crore. On 20 August, financial services secretary G.S. Sandhu had stated that the finance ministry is conducting forensic audits at Dena Bank and Oriental Bank of Commerce after details of the irregularities came to light. On the same day, Oriental Bank of Commerce said in a filing to the stock exchanges that it detected irregularities in transactions worth Rs.180 crore involving the Jawaharlal Nehru Port Trust (JNPT), which had filed a complaint with the CBI in February.

Dena Bank also issued a statement on 20 August on a similar fraud. The bank’s Malabar Hill branch in Mumbai received term deposits from various entities and government organizations between 30 January and 5 May. The term deposits amounting to Rs.256.69 crore were pledged to the bank by the same signatories to obtain overdraft facilities of Rs.223.25 crore.

On Thursday, the PSU Bank Index on NSE fell 1.79% while the benchmark NSE Nifty was up 0.23%. Shares in Dena Bank fell 2.99%, Vijaya Bank fell 0.77%, UCO Bank fell 1.5%, Oriental Bank of Commerce fell 2.58%, Syndicate Bank fell 2.53%. The investigation by the EOW and CBI comes on the heels of an alleged bribery scandal, earlier this month, involving Syndicate Bank and some companies.

So What Does Chart says about Banking Index..

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

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

Last Week wrote Bank Nifty facing a Resistance at 16000. See what happened.

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

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

Yes, its a clear Message - Unless 16000 can't Cross - News and Chart suggest there may be some correction. So upto what level?? - Lets See in detail on Hourly Chart.

>>> Bank Nifty - Hourly Chart <<<

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

Bank Nifty Facing a Stiff Resistance @ 15794, If unable to cross may see correction as shown on chart. If able to cross above the given resistance then it should cross 16000 as said on daily chart given above.

>>> NIFTY Hourly - As Posted Last Weekly Review <<<

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

Last Week wrote that nifty moving towards the upper channel after a small expanding triangle correction. See what happened ..

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

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

Price should cross 7970 and RSI must give a Break out for further Upmove. Else Possible Correction may set in.

>>> Outlook for Bank Stocks - On FD Scam <<<

>>> UCO BANK <<<

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

>>> BANK INDIA <<<

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

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

>>> ORIENTBANK <<<

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

>>> PNB <<<

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

>>> ANDHRA BANK <<<

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

NOTE :- All the above Bank Stocks are not for trading purpose. Since these stocks are on Scam News - given purely for educational purpose Only. Have your own analysis or consult with your friends before taking any position. Stocks Pattern may possibly change along with the outcome of Scam News.

>>> L&TFH - As Posted on 27th Aug, 2014 <<<

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

Last Week wrote, that the stock may rise, But instead fell down. Lets see what's next ?!

>>> L&TFH - Happened and yet to <<<

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

Next support on the middle line of Pitchform, Lets wait and see.

>>>> INFY <<<<

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

INFY - Filled the Gap for Wave B and ready for fall. Just Sell and Earn

>>> PERFORMANCE - For the Month of Aug, 2014 <<<

Send email to niftyforall@yahoo.com for more details.

Wednesday, August 27, 2014

7970 Resistance

Dear All,

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

As wrote Yesterday 7868 support holds and Opened a Gap Up today. Minor Break out on price as shown on chart. If RSI break out as given on chart - then good rally above 7970.

>>> L&THF <<<

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

Just Buy Buy Buy for Rally. Cheers!!!

Tuesday, August 26, 2014

Holding 7868

Dear All,

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

Not sure about the sub count at the end of the Price. Though 7868 holding @ 23.6% retrace, also price moving above 50hma shows some strength.

>>> JPPOWER <<<

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

All comments on Chart. Just Buy Buy Buy. Cheers!!!

Monday, August 25, 2014

Support @ 7880 & 7856

Dear All,

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

Earlier we have booked 60 Point profit, which we bot on last friday. Now nifty facing a stiff resistance @ 7970, Support @ 7880. If breaks then possible correction may test 7830 and 7780. Lets See.

Friday, August 22, 2014

Weekly Review - 25.08.2014

Dear All,


The rupee rose on Friday, after earlier hitting a three-week high against the dollar, on continued strong buying of debt and shares by foreign investors, while gains in emerging market currencies also contributed to the improved sentiment.

The rupee was also helped after analyst at Standard & Poor's calling the government's target to lower the fiscal deficit a positive for the country's ratings, helping the currency rise to a session's high.

The rupee put on 0.5 percent for the week, a third straight week of gains, as foreign funds turned active buyers of Indian assets, especially debt, despite lingering concerns in global markets including the prospect of earlier-than-expected U.S. rate hikes.

Foreign institutional investors bought debt worth $2.65 billion on Wednesday alone, which some traders called the biggest single-day buying on record. That took total inflows into the debt and sharemarket so far in 2014 to about $29 billion.

However, caution set in ahead of U.S. Federal Reserve Chairwoman Janet Yellen's speech at Jackson Hole, Wyoming, due on Friday.


Federal Reserve Chair Janet Yellen said Friday that the Great Recession complicated the Fed's ability to assess the US job market and made it harder to determine when to adjust interest rates.

The Fed chair noted that while the unemployment rate has steadily declined, other gauges of the job market have been harder to evaluate and may reflect continued weakness. These include high levels of people who have been unemployed for more than six months, many people working part time who would like full-time jobs and weak pay growth.

Yellen repeated language the Fed has used at its last meeting that record-low short-term rates will likely remain appropriate for a "considerable time" after the Fed stops buying bonds to keep long-term rates down. The Fed's bond buying is set to end this fall.

But Yellen said the Fed's rate decisions will be dictated by how the economy performs.

"Monetary policy is not on a preset course," she said. The Fed "will be closely monitoring incoming information on the labor market and inflation in determining the appropriate stance of monetary policy."

Yellen also suggested that pay gains, which have been sluggish since the recession ended five years ago, could rise faster without necessarily igniting inflation.


>>> NIFTY - Daily Chart <<<

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

Nifty on Record High - So the Question from every one is ?? - Is this a right time to Short or Buy PUTS or Exit my Investment Holdings ?? So Check out the above chart for your questions.

I say its not a right time to short the market - Though market is over bot with life time high - its not good time to short now. Yes RSI on a break out mode. Price moving towards the upper channel of the Expanding triangle - shows, still some stream left for bulls.

>>> Nifty - Hourly Chart <<<

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

For the past week nifty has consolidate inside a small expanding triangle for sub wave 4 as shown on above chart, hence upmove till the above channel possible. Break above the small triangle may confirm the further uptrend. Stay long till then.

>>> Bank Nifty - Daily Chart <<<

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

Bank Nifty - Clear Resistance @ 16000. If RSI breaks out - Rally may continue. We need to wait and watch till then to decide the trend.

>>> Weekly Chart Performance <<<

>>> L&TFH - As Posted on 18th Aug, 2014 <<<

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

We wrote to Buy L&TFH last monday. See what happened

>>> L&TFH - Happened <<<

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

Hit our first Target 70 with a Profit of Rs.18000. Still more rally coming - Just buy on every dips and enjoy the rally.

>>> TATAPOWER - As Posted on 11th Aug, 2014 <<<

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

Wrote on 11th Aug, 2014 - to Buy on every dips for a good upmove. See what happened

>>> TATAPOWER - Happened and Yet to <<<

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

Tata Power - We made a part profit for 10,000. Stock on consolidation mode and still looks attractive to buy on dips. Keep Buying for a good upmove.

>>> NTPC - As posted on 11th Aug, 2014 <<<

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

Along with Tata Power we wrote about NTPC to Buy on every dips, See what happened.

>>> NTPC - Happened and Yet to <<<

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

We made a Part profit of Rs.8000. Still its a Good buy on every dips and Just Buy Buy Buy for a good rally.

>>> BANKINDIA - As Posted on 21st Aug, 2014 <<<

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

Wrote to Buy BankIndia on 21st Aug, 2014. See what happened.

>>> BANKINDIA - Happened <<<

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

Made a high of 297 - almost near our first target of 300 with a profit of 17000.

>>> DRREDDY <<<

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

Rally almost over for Dr.Reddy. Just Sell on every rise and Earn. We have shorted this stock at 2840 and part booked Rs.5000 at 2800. Still its a sell on every rise. Just Sell and Earn.

>>> HEXAWARE - As posted on 21st Aug, 2014 <<<

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

We Started Selling @ 159 and Stock made a low of 153 on Friday. Keep Selling for a good fall.

>>> PERFORMANCE - Till 22nd Aug, 2014 <<<

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

Send us your queries on niftyforall@yahoo.com. Cheers!!!

Thursday, August 21, 2014

7868 Holding. Don't Be in a Hurry to Buy

Dear All,

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

Wrote Yesterday 7838 is a support to break. Today managed to hold 7838 shows that bulls are holding with strength. Wait for break below to buy on dips.

>>> BANDINDIA <<<

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

We are long in Bank India from 278-280 Level. We had a Part Booking at 290 and our Profit was Rs.10,000/-. Expect more and more rally coming on this stock. Good break out on chart.

>>> HEXAWARE <<<

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

Hexaware - Looks bearish. If the above count is now wrong, expect aggressive selling on card. Just Sell Sell Sell and Earn. Cheers!!!

Wednesday, August 20, 2014

Next Support @ 7835 - If breaks then Buy on Dips.

Dear All,

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

Wrote Yesterday that Rally may get a PAUSE. Next Support @ 7835 - can test all supports as given on chart. Lets See.

>>> NTPC - As Posted on 11th Aug, 2014 <<<

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

Wrote on 11th Aug to Buy this Stock for a good Upmove. See what happened.

>>> NTPC - Happened and yet to <<<

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

Part Profit booked @ 145 with Rs.8000 Profit. More upmove posisble if able to cross the minor resistance as shown on chart. Cheers!!!

Tuesday, August 19, 2014

Support @ 7870 & 7870.Rally May Press PAUSE Button.

Dear All,

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

Above is a 15 min chart - No doubts its an extension wave. Channel as shown on chart, if breaks, then the rally may get paused for a while. Possible Next Support @ 7860, 7830, 7805 & 7780. So Aggressive Longs should be kept with proper Stop loss.

>>> L&TFH - As posted Yesterday <<<

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

Yesterday wrote - to Buy this stock. See what happened..

>>> L&TFH - Happened and Yet to <<<

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

Yes we have taken Rs.18000 today on first Target. Clear Break out on Chart, Just keep Buying for a Good Rally. Cheers!!!

Monday, August 18, 2014

7880 - Are You Ready for the Bull Rally Again ?

Dear All,

>>> Nifty - As Posted on 15th Aug, 2014 <<<

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

Wrote on last weekly review - Hourly chart Moving Average Cross - Trend line Break Out - Suggest Bull favour. See what Happened today.

>>> Happened and Yet to <<<

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

Nifty rallied today towards the trend line as shown on chart. Now if crosses above the trend line, rally should continue. Get ready for new high with strong rally.

>>> L&TFH <<<

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

Yes we are Long since 65.50 and We had a Part Profit @ 68 with Rs.10,000. Keep Buying - Big Rally coming. RSI has already confirmed the Bull entry. Just Buy Buy Buy.

>>> TATAPOWER - As Posted on 11th Aug, 2014 <<<

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

We wrote on 11th August to Buy Tata Power for Rally. See what happened today.

>>> Happened and Yet to <<<

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

We made a Part Profit of Rs.10,000. Just Buy Buy Buy and expect more rally soon - Cheers!!!