Saturday, November 22, 2014

Weekly Review :- 24.11.2014

Dear All,

>>> NIFTY <<<

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

An unexpected Rate Cut from Chinese Central Bank - Hawkish comment from Draghi - Expectation fuelled Nifty to rally to new high near 8490. From 03rd Nov to till date - Nifty continue to trade inside the Ascending Expanding Traingle or say - its Struggling inside it. 8490 or the Channel top may give a tuff Struggle for bulls once again to cross above it.

To be clear - Many stocks have stopped participating with Nifty's upward journey in the last week. So wait and watch for next move - next week.

>>> BANK NIFTY <<<

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

After breaking out the channel 13th Nov, till last friday - Price continue to rise for a 5th extended wave and resisted last friday. Looks like the 5th wave completed. Lets wait for the next move.

>>> Stocks Performance - Last Week <<<

>>> ColPal - As Updated Last Weekly Review <<<

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

Wrote clearly last week about colpal - its a Red Doji on top - Sell and earn it. See what happened.

>>> ColPal - Happened and Yet to <<<

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Just in a Week - we made a hand full of Profit Rs.13750. Out First Target 1900 reached form 2010. Still stocks looking for more slide.

>>> Ashok Leyland - As Updated Last Weekly Review <<<

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AshokLeyland was a Jack Pot Call we wrote about it Last Week. If you have shorted it, then you must have made a Big Money. See what happened.

>>> Ashok Leyland - Happened and Yet to <<<

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

We had a Part booking @ 53. Lot size is 11000. Price reached a low of 51.70. More fall on card. Sell on every rise. Get ready to make tonnes of money soon.

>>> CESC - As Updated on 17th Nov, 2014 <<<

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Wrote clearly on 17th Nov, looks like a Head and Shoulder formation on chart. See what happened.

>>> CESC - Happened and Yet to <<<

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We booked @ first Target 720 with a Profit of Rs.15000. If the price break the neck line, just imagine the fall and the profit. Get ready to count your tonnes of money soon.

>>> Andhra Bank - As Updated on 19th Nov, 2014 <<<<

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Andhra Bank also we wrote to sell on 19th Nov at 89. See what happened.

>>> Andhra Bank - Happend <<<

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Price reached 84 next day with a Profit of Rs.20,000.

>>> Bata India - As Updated on 20th Nov, 2014 <<<

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So far we have booked Rs.10,000 and still looking for more fall. Keep selling on every rise for a good fall in coming days.

>>> Yes Bank - As Updated on 20th Nov, 2014 <<<

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

We have short Yes Bank on last Thursday - Same day RBI have give a green signal to FII's for buying Shares in Yes Bank. Thanks for many of our blog readers who have send email to us regarding the same on thursday evening itself. We also exited with Loss and Sold again at higher level. Why ??? See the below given chart.

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

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

Above hourly chart - first broken the channel and next day jumped and touched the channel again. Looks like a head and shoulder if unable to cross above the resistance line.

Ok apart form technicals there is a news also. You all must have heard about KotaK - Ing Vysya Bank Deal. Here is the news which i feel as a bad news for Yes Bank.

Kotak Mahindra, with total assets of Rs.95,430 crore on a stand-alone basis, was behind Yes Bank Ltd’s Rs.1.16 trillion of assets at the end of September. The acquisition of ING Vysya Bank will take Kotak Mahindra Bank’s assets to Rs.1.6 trillion, giving it a sizeable lead over Yes Bank.

If the above news if not good for Yes Bank - then lets see what will happen next Week. Come Les't Celebrate the fall and enjoy. Cheers!!!

>>> Performance till 21st Nov, 2014 <<<

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

send email to us on niftyforall@yahoo.com for more details.