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Saturday, May 23, 2015

Weekly Review - 25.05.2015


Dear All,

>>> We are on WhatsUp <<<


Please send as per format given with Name on Whatsup Only. Avoid sending sms.

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

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

Wrote last week - Price closed above 50 Week Moving Average and Doji on Weekly Chart was a Positive Sign. See what happened.

>>> Nifty Weekly Chart - Happened <<<

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

Above Weekly chart shows how the Price moved up as expected.

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

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

Wrote Last Week - 8320 and Pitchform need to cross for a Healthy Upmove. See what happened.

>>> Nifty Daily Chart - Happened <<<

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

Clear Break out from Pitchfork and 8320. Price Rallied till 8490. We had a 320 - 340 Points Profit as we made some profit booking near 8440.

So far we have seen the Performance on Nifty - Lets See whats next on Hourly and 5 Mins chart.

>>> Nifty Hourly Chart <<<

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

After breaking from the IHS, Nifty rallied as expected. Now 8520 acts as a Resistance. Moving Average Cross over Looks Bullish. Next Week is an Expiry Week.

Price if able to cross above the golden ration 61.8% or 8520, No doubt Big rally and short covering may come in.

Interesting week with lots of UP and DOWN possible. See more on 5 mins chart.

>>> Nifty 5 Mins Chart <<<

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

Support 8406, 8356 and 8313. Key Resistance 8490 & 8520.

>>> Bank Nifty - Weekly Chart - As Posted Last Week <<<

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

Wrote last week - Bank Nifty Weekly - RSI Break out and a Positive Sign for a good Upmove. See what happened.

>>> Bank Nifty - Weekly Chart - Happened <<<

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

As expected - Bank Nifty made a good rally. But the candle formation - Looks like a Shooting star and Should be watched with caution.

>>> Bank Nifty Daily - As Posted Last Week <<<

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

Last week it was a Break above 18110 and looking for Next Resistance 18645. See what happened.

>>> Bank Nifty Daily - Happened <<<

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

Price hit 18645 as expected. Rally Only above 18645 possible.

>>> Bank Nifty - Hourly <<<

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

Clear break out on RSI. If 50 HMA breaks on Monday, Price may test the channel support as shown on chart.

>>> STOCKS <<<

>>> ASIANPAINTS - As Posted on 16th May, 2015 <<<

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

Wrote on 16th May, 2015 to Sell AsianPaints. See what Happened.

>>> ASIANPAINTS - Happened <<<

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

We booked on first Target 750. Still its a sell on rise. More fall likely, unless it cross the resistance given on chart.

>>> ITC - Posted on 18th may, 2015 <<<

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

We have exited ITC on 22nd May, 2015 with Profit. Results were declared on friday evening, hope its not upto market expectations. Monday its going to a after results movement.

>>> STAR - Posted on 20th May, 2015 <<<

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

Advised caution on STAR - Our Short call fetched 10K. But the stock reversed on the next day - after news - that STAR acquired an Australian company.

>>> STAR - Happened <<<

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

It was a bad day, Price reversed after the news came out. Hit Our Stop Loss also.

>>> Performance till 22nd May, 2015 <<<

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

Send email to niftyforall@yahoo.com for details our service. Go to Performance tab on the Blog for entire history on Performance. Nifty and Bank Nifty Performance not included in all our performance.

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