Wednesday, December 31, 2014

Above 8282 ???

Dear All,

>>> Nifty - As Posted Yesterday <<<

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

Yesterday posted chart and mentioned 8282 as key resistance for bull. See what happened!!!

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

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

Yes we crossed 8282 today, But we need to sustain above it for a constant rally. Else we may see a possible reversal.

>>> Bank Nifty - As Posted Yesterday <<<

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

As Posted Yesterday - 18735 Resistance should be crossed for a rally. See what happened.

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

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

Like Nifty - Bank Nifty also needs to hold above 18735 for a healthy rally, Else we may see more consolidation.

>>> Happy New Year 2015 <<<

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

Cheers!!!

Tuesday, December 30, 2014

Above 8282 - Bulls to Gain Strength

Dear All,

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

Today's consolidation and a late upmove on chart suggest Bulls are ready for next leg of rally. Price closed above 50 & 100 HMA, looks like bulls have a safe foot for next run up. So 8282 should give a start up to bulls rally. Don't remain short above 8282. We are long in Nifty for a good rally.

>>> Bank Nifty <<<

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

An IHS visible on Hourly Chart. A Minor Channel Break out also visible as shown on above chart. Now Price must break above 18675 and 18735 for a healthy Rally. We are long in Bank stocks. Lets hope for a good Bank Index and Bank Stocks rally very soon. Cheers!!!

Monday, December 29, 2014

Support @ 8216 & 8200

Dear All,

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

>>> Click the chart to see on full screen <<<
Above chart was given on our Last weekly review. As per, 50% retrace was a good support along with 50 hma. Lets See what happened today.

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

>>> Click the chart to see on full screen <<<
Nifty bounced, though resisted at 8281. So if unable to cross 8281 then possibly may move as a-b-c to fill the gap left near 8000 level on the lower end. Else a cross above 8281 may trigger a fresh short covering on the upper side. Lets wait and see.

>>> RELINFRA <<<

>>> Click the chart to see on full screen <<<
We are long since 505 and made a part booking at 515 with Rs.5000 Profit. Still remain bullish for more upside. If the trend line as shown on chart breaks, then rally to continue. Lets Wait and See. Cheers!!!

Saturday, December 27, 2014

Weekly Review - 29.12.2014

Dear All,

As per last Friday Move, Nifty touched a low of 8147 and reversed towards 8200. So what to expect Next.

“Lack of market cues both globally and domestically and liquidity drench owing to festive season in the West kept markets sideways for the day,” said Rakesh Goyal, senior vice-president, Bonanza Portfolio.
Brokers said they expect fresh foreign funds to flow after on-going Christmas holidays and in the next calender year.

The market got no major trigger from overseas markets, following the Christmas atmosphere.

However, expectations of hike in interest rates by the US Federal Reserve (Fed) as the American economy grew the fastest in more than a decade in third quarter, influenced sentiments.

Besides, it will strengthened the dollar and affect the inflows in emerging markets negatively, including India.

It also resulted in profit-booking by wary operators and retail investors.

The market also suffered a setback after the government was unable to get pass key legislative reform bills during the Winter Session of Parliament.

Failure to pass the GST Bill till now has led to market disappointment as it had discounted the successful approval of the Bill in the current session itself.


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

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

Last Weekly - Wrote clearly 6372 as a Resistance ... See what Happened.

>>> Nifty - Hourly - As Posted on 22nd Dec, 2014 <<<

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

We had a Buy call from 8060 and Booked on third Target 8300.

>>> Nifty Hourly - As Posted on 23rd Dec, 2014 <<<<

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

As expected Nifty touched 8364 - Same day we wrote 8270 and 8210 as a Support. See what happened.

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

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

Nifty made a low of 8147. So whats Next ? - Now if 8162 holds - Expect a good bounce for wave C. We are long in Nifty for a rally. Lets Wait and see how it works.



>>> Charts of Last Week <<<

>>> NTPC - As posted Last Weekly Review <<<

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

Last Week wrote - NTCP on Fresh Break out - Look for more rally. See what happened.

>>> NTPC - Happened <<<

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

Yes We booked on first Target with a Profit of Rs.20,000.

>>>BHARTIARTL - As Posted on 18th Dec, 2014 <<<

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

We have posted on 18th Dec to Buy Bharti Airtel for a good upmove. We are long since 342. See what happened.

>>>BHARTIARTL - As Posted on 23rd Dec, 2014 <<<

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

We made a Part Profit of Rs.5000. So as per above chart - Clear break out on RSI - Shows more rally. Lets us see more clearly on HOurly chart - How it completed its down trend and how its going to have its rally in coming days.

>>> BHARTIARTL - Hourly Chart - Happened and Yet to <<<

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

Price almost completed its correction as a-b-c. Now get ready for a good upmove as price holds above the middle of the pitchfork. Remain long for a good target.

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

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

We advised to Buy India Cement on Last weekly Review. See what Happened.

>>> INDIACEM - As Posted on 24th Dec, 2014 <<<

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

Clear Break out on Price - More Rally coming. Stay Long.

>>> SBIN <<<

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

Though we are long in SBI - Price not moving as expected, even after RSI break out. So lets wait for a Price break out to rally.

>>> Performance till 26th Dec, 2014 <<<

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


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

We have revised all our Charges from 01st Jan 2015 onwards. Send us email for the same. We have a special discount packages for our old and existing clients. Send email to niftyforall@yahoo.com to know about it

Wednesday, December 24, 2014

Support @ 8162

Dear All,

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

We have revised all charges from Jan 01st, 2015 Onwards. Send email to us for more details.

>>> Nifty - As Posted on 23rd Dec, 2014 <<<

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

Wrote on 23rd Dec, 2014 - as 8372 as a resistance - see what happened.

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

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

Unable to cross the resistance 8372 and corrected down on Expiry day. Now 8162 looks like a strong, if breaks then may test 8115 also. Recovery possible only if 8162 Holds.

>>> India Cement - As Updated on Last Weekly Review <<<

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

Last week we wrote about India Cement. Wrote to buy on dips. See what happened. ???

>>> India Cement - Happened and Yet to <<<

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

As posted last week - India Cement gave a good break out from the channel. We made a part profit at 83 or Rs.10,000/-. If the price able to hold above the channel - good rally possible. Cheers!!!

Happy New Year - 2015.

Dear All,

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

All the charges has been revised from 01st Jan, 2015 Onwards. Kindly send email to niftyforall@yahoo.com

Tuesday, December 23, 2014

Gold - Sell Activated below 26620

Dear All,

Our Sell call on Gold Activated below 26620. If you have missed our Previous Post - Here we give it again to understand the Call Once again.

>>> Gold - As Posted on 16th Dec, 2014 <<<

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

On 16th Dec, Wrote clearly with chart to Sell gold on rise from 27200 with a Stop Loss @ 27800 for the Upcoming fall. See what Happened.

>>> Gold - As Posted on 19th Dec, 2014 <<<

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

On 19th Morning We updated to Add more sell Only below 26620 - If breaks more call on card.

>>> Gold - Broken 26620 - Whats Next <<<

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

Yes Broken 26620 as wrote earlier. We have advised for a fall since 27200 onwards. Now You can add sell below 26620. Those who are holding short can Modify to Cost and Hold short. Cheers!!!

Resisted near 8372. What's Next ???

Dear All,

>>> Nifty - As Posted Yesterday <<<

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

As mentioned yesterday 8372 was a good resistance and RSI need to give a break out for a good upmove. See what happened.

>>> NIFTY - Happened & Yet to <<<

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

Resisted near 8372, made a high of 8364. RSI - failed to cross above the trend line as shown on chart. Today 8270 and 8210 - mentioned as a good support. Now closed below 8270 means - may test 8210 possibly.

>>> BHARTIARTL - As Posted on 18th Dec, 2014 <<<


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

Bharti - We are long since 342. See what happened today.

>>> BHARTIARTL - Happened & Yet to <<<

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

Price made a high of 356.50 today and we made a part Booking of Rs.5000. As per above chart - Price and RSI are moving bullish. More upside on card. We are waiting for our Target. Cheers!!!

Monday, December 22, 2014

Next Resistance @ 8372

Dear All,

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

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

As wrote on weekly review - Nifty managed to cross above 8294. Let's see what't next ??

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

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

We had a long since 8060 and booked on final target 8300. Possible upside left till 8372. If managed to cross 8372, then don't remain short. Watch RSI for a clear picture.

>>> NTPC - As given on Weekly Review <<<

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

As per Weekly - See what happened to our Buy call on NTPC..?

>>> NTPC - Happened <<<

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

Booked Profit Rs.20,000 @ first Target 140. Cheers!!!

Saturday, December 20, 2014

Weekly Review - 22.12.2014

Dear All,

News of the Week :-


The GST, which was hammered out after series of meetings with the states, is a "win-win" for both Centre and States and will provide for levy of 1 per cent additional tax by states for inter-state transfer of goods for two years.

"GST will ensure seamless transfer of goods and services, absence of Inspector Raj and no tax on tax," Jaitley told reporters soon after tabling the 122nd Constitution Amendment Bill in the Lok Sabha.

What is Goods and Services Tax (GST)?


It is an inclusive value added tax levied on the manufacture, sale and consumption of goods and services at national level. There is no difference between taxable goods and taxable services, and they are imposed at a uniform rate in a supply chain of goods and services until they reach the end consumer. There are various advantages of GST both for the industry and for the end consumer which can be summarized in the following points:

· When introduced, it would abolish multiple taxes on goods and services; hence prices of goods and services could be simplified and justified. This will also result in reduction of effective tax rates to one or two flat rates.

· It is easy to understand, easy to administer and spread uniformity across the country. GST removes distortion in the economy from the cascading effect of tax system. It also would result in reduction of compliance cost and increase of voluntary compliance.

· It improves efficiency in manufacturing and distribution, reduces the cost of production of goods and services, while at the same time increasing demand and production of goods and services.

· Due to its neutral business procedure, organizational structure, business models, geographic location and the product substitutes, GST helps promote economic efficiency and sustainable long term growth.

· GST improves exports capability of a country and gives an edge in overseas market for goods and services produced in India.

· It reduces corruption, harassment and litigation which are some of the burning issues, besides, it also widens the tax base and increment in revenue of State and Central Government. Last but not the least; it reduces the administrative cost of the Government.


A single rate GST will replace central excise, state VAT, entertainment tax, octroi, entry tax, luxury tax and purchase tax on goods and services to ensure seamless transfer and end of "inspector raj" as well as "tax on tax," he said. "It will be single most tax reform after 1947."

While liquor has been completely kept out of the GST, petroleum products like petrol and diesel will be part of the new regime from a date to be decided at a future date by the GST Council, which will have two-third of its members from states. All decisions in the Council will require 75 per cent votes.

Also the states where goods originate can levy 1 per cent additional tax over GST to make up for any revenue loss for the first two years.

As regards the compensation to the states on account of any possible loss of revenue following implementation of the GST, Jaitley said there will be 100 per cent compensation in first three years, 75 per cent in the fourth year and 50 per cent in the fifth year.

The Bill will be considered for passing in the Budget session of Parliament beginning February, the Minister said, adding he did not feel the necessity of the legislation being referred again to a Standing Committee.


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

>>> Click the chart to see on full screen <<<
Wrote last week - 8180 and 15 week MA as support. See what Happened.

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

>>> Click the chart to see on full screen <<<
RSI still looking side ways. A green coloured Hanging man - closed inside the channel and managed to hold 15 & 25 Week MA shows Bulls still breath.

>>> Nifty - Daily Chart <<<

>>> Click the chart to see on full screen <<<
As given on chart - Two alternatives discussed.

>>> Nifty - Hourly Chart <<<

>>> Click the chart to see on full screen <<<
If the current rally is for Wave B, then it may find resistance at 8294 and 8372. Unable to cross above the given resistance may trigger selling once again. Else, if crosses above, then expect a good short covering.

>>> Bank Nifty -Daily Chart - As Posted Last Weekly Review <<<

>>> Click the chart to see on full screen <<<
Wrote 18818 - as end of 50% retrace or a possible 5th wave top. See what happened.

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

>>> Click the chart to see on full screen <<<
As wrote last week - Bank Nifty started falling, But took support @ 38.2% retrace or on the channel as shown on chart. Looks like one more last leg of upmove is pending. Lets See in detail on Hourly Chart.

>>> Bank Nifty - Hourly Chart - As posted Last Weekly Review <<<

>>> Click the chart to see on full screen <<<
Wrote Last week - Trend line as a support. See what happened.

>>> Bank Nifty - Hourly Chart <<<

>>> Click the chart to see on full screen <<<
Took support Exactly at the trend line - We market it as sub wave (4) or 38.2% retrace. Now if able to cross 18580 or 78.6% retrace - let hope to see a new high.

>>> Charts of the Week <<<

>>>BHARTIARTL<<<

>>> Click the chart to see on full screen <<<
Stock traded on red, even on a bullish friday - due to RIL Buzz to announce their 4G roll out early next year, which may trigger a price war between these two telecom giants. But as per chart - it looks like a Bullish break out on RSI and Price. So lets wait for next move.

>>> NTPC - As posted on 18th Dec, 2014 <<<

>>> Click the chart to see on full screen <<<
Wrote on 18th dec, 2014 to Buy NTPC for a good UPmove. See what happened ?

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

>>> Click the chart to see on full screen <<<
We booked part Profit Rs.10,000. RSI on a fresh break out. Get ready for more rally.

>>> INDIACEM <<<


>>> Click the chart to see on full screen <<<
Hope India Cement on the last leg of a correction as 1-5. As per chart above it looks like 1-5 got completed and if this chart is not wrong - get ready for a rally.

>>> HDIL <<<

>>> Click the chart to see on full screen <<<
Stock on FnO Ban Period. As per above chart - 3-3-3 Correction got completed @ 58.60. If the chart is not wrong - get ready for a good rally soon.

>>> Performance <<<

>>> Click the image to see on full screen <<<
For details - send email to niftyforall@yahoo.com

>>> COMMODITY <<<

>>> Gold - As Posted on 16th Dec, 2014 <<<

>>> Click the chart to see on full screen <<<
Said - 27800 as a Resistance - if unable to cross - then Fall. See what happened.

>>> Gold - As Posted on 19th Dec, 2014 <<<

As wrote on 16th Dec, 2014, Price fell down till 26740. Also wrote to sell below 26620. Lets wait for it.