Tuesday, June 30, 2015

Gap Filled - Now Resistance @ 8378 & 8423

Dear All,

>>> Nifty Hourly Chart <<<

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

The current rally may be for wave (b) - today filled the gap left between 8330 and 8378. Today high was exactly 8378. Tomorrow 8378 and 8423 may act as a key resistance. RSI looking for a break out, if happens price may rally. Lets See.

>>> LT Hourly Chart <<<

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

Had a second short entry in LT. RSI still on Bear side. Channel may act as a resistance. Lets See. Cheers!!!

Monday, June 29, 2015

Key Resistance 8330

Dear All,

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

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

Posted the above chart on weekly review - Said the importance of the Channel and RSI. See what happened.

>>> Nifty Hourly - Happened <<<

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

Market Opened up with a big gap down and We booked almost a 200 Points Profit today.
Above chart shows the Gap has filled and the Resistance line must be crossed for any upmove. Else fall may continue.

>>> LT - Posted on Weekly Review <<<

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

We wrote to sell LT. See what happened !!!

>>> LT - Happened <<<

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

As Expected Price Fell on the opening Bell. We Booked on the First Target with a Profit of Rs.6875/-

>>> Biocon - Posted on Weekly Review <<<

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

Wrote about trend line support for Biocon. See what happened.

>>> BIOCON - Happened <<<

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

As expected Price broken the trend line. We booked Rs.10,000 Profit. Cheers!!!

Saturday, June 27, 2015

Weekly Review - 29.06.2015

Dear All,

>>> Nifty Weekly Chart <<<

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

Its a clear break out from RSI - But still price need to confirm the same for a clear rally. Price above 50 Week Moving Average may also help the bulls.

>>> Nifty Daily Chart <<<

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

Explanation on chart. To make it simple - Trend line to decide the trend.

>>> Nifty Hourly Chart <<<

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

Hourly Chart giving us a different view. RSI - for the last 4 days moving negatively while price stays below the upper channel. If price cross above the channel may trigger a Short covering and Fresh Buying. Else if RSI break the trend line as shown on chart - Sell off may start.

>>> Bank Nifty Weekly <<<

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

Need more confirmation from Price and RSI for Next move.

>>> Bank Nifty Daily <<<

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

Key Resistance 17480 or Channel Top should cross for a good rally.

>>> BIOCON <<<

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

More fall expected on Biocon, if Price breaks the Trend line as shown on chart.

>>> LT <<<

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

Caution Advised on LT - Cross above the Channel Resistance may see Rally.

>>> Performance till 26th June, 2015 <<<

Send us email to niftyforall@yahoo.com for details about our Service. Cheers!!!

Thursday, June 25, 2015

Greece To Decide. Key Resistance @ 8435-40

Dear All,

>>> Nifty Hourly Chart <<<

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

8435-40 or Greece Debt deal to decide the trend.

Wednesday, June 24, 2015

Support @ 8310 @ 8240

Dear All,

>>> Nifty - Posted Yesterday <<<

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

Wrote Yesterday - Key Resistance 8390 and 8430, if unable to cross may trigger fall. See what happened.

>>> Nifty Hourly - Happened <<<

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

As Expected Price Resisted on Channel and Triggered a Fall. Support @ 8310 @ 8240.

>>> SFR <<<

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

We are short on SRF from 1120-25, Almost with a Profit of Rs.5000/- Still Looking for more fall. Cheers!!!

Tuesday, June 23, 2015

Resistance @ 8390 & 8430

Dear All,

>>> Nifty Hourly Chart <<<

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

Key Resistance @ 8390 & 8430. Cross above can see more rally. Cheers!!!

Monday, June 22, 2015

Resistance @ 8372,8435 & 8490

Dear All,

>>> Nifty Hourly Chart <<<

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

Key Resistances are 100 & 200 DMA and Channel Resistance also.

>>>ASIANPAINT<<<

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

We hit one more Stop Loss today on Asian Paint. But Still there is a hope that - if unable to cross above 750 may trigger a fall. Cheers!!!


Saturday, June 20, 2015

Weekly Review 22.06.2015

Dear All,


The Chinese market took most analysts by surprise across the globe after it recorded its steepest weekly fall since 2008 on Friday. The index plunged over 13 per cent in the last five trading sessions.

The Indian equity markets however rallied over 3 per cent in the same period, which raises a question in the minds of most market participants -- is the fall in China good news for India?

The danger is that China's meltdown is happening at a time when Europe/US are overvalued and liquidity shocks could well follow as Greek exit or the Fed rate hike.

The Politburo triggered Shanghai’s 125 per cent run since last summer by ordering the Beijing central bank to slash interest rates, cut bank reserves ratios, inject untold billions in high-powered liquidity as the property market deflated and GDP growth fell to 25-year lows below seven per cent.

President Xi Jinping has now become China’s de facto Paramount Leader, the most powerful head of state since Deng and Mao. Casino capitalism became state policy in the People’s Republic as brokerage house margin loans rose 500 per cent to two trillion yuan in a mere 12 months. This financial Ponzi scheme makes pro-Lehman subprime mortgage credit bubble-era seem like a Sunday school picnic in comparison. If the Chinese stock market bubble bursts, its shockwaves will be felt all over the world.


A fall in China is not necessarily good news for India, said Hans Goetti, BIL, in an interview with ET Now. "Again the correlation seems a bit far-fetched. Investors are going into India because it is a long-term growth story, and to China because of the momentum trade," he said.

This week's correction in Chinese markets was triggered by regulators' fresh moves to tighten margin financing - a key engine of the market's frenzied rally - and worsened by a tidal wave of initial public offerings that greatly increase share supply, Reuters reported

In a report released earlier this week, Macquarie Investment Management said that it has eliminated exposure in Chinese shares after turning bearish for the first time in seven years.

Indian markets corrected sharply earlier in the month on reports that China A shares might get included in MSCI index. However, the US index provider MSCI Inc deferred enlisting of China A shares in the index - a move that was welcomed by experts who said it was too soon to include the scrips in the main indices.

"The withdrawal comes after index provider MSCI surprised investors by announcing that it wouldn't include shares traded in Shanghai and Shenzhen in its widely-tracked global benchmarks due to concerns over China's market restrictions," said media reports.

"The inclusion of Asia in the MSCI index will happen sooner or later. It did not happen on the 9th of June, but even if it does, it is going to be very gradual, they are not going increase everything in one go".

Daljeet Singh Kohli, Head of Research, IndiaNivesh Ltd is of the view that there is no one-on-one relationship or it works that way that when there is selling in China, it will benefit the Indian markets.

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

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

Last Weekly Review mentioned on Nifty Weekly Chart - 7960 as a good Support - See what happened.

>>> Nifty Weekly Chart - Happened <<<

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

As Expected - Bounce happened. Price maintained 7640 and made a rally towards 8250. Now if breaks above 50 Week Moving Average - Fresh Rally and Short Covering Expected.

>>> Nifty Daily Chart <<<

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

Its Very simple - The second Bearish Cross Over is clearly a Sign of Caution. If Price able to cross above 50 DMA - Rally may continue, Else as usual it happened before, Price to resume the fall - once again.

>>> Nifty Hourly Chart <<<

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

It looks like an Irregular Correction for Wave 4 as A-B-C.If the above chart is right, then get ready for the fall to resume once again. Else Rally to continue with a big short covering.

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

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

Posted Last week as - 50 WMA and Trend line as an important support for bulls.

>>> Bank Nifty Weekly - Happened <<<

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

As expected - Price bounced.

>>> Bank Nifty Hourly Chart <<<

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

Watch out for the Key resistance at 18000 and 18200.

>>> GRASIM - As Posted on 16th June, 2015 <<<

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

Grasim - Gave us Rs.10,000 as Profit.

>>> INDUSINDBK - As Posted on 16th June 2015 <<<

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

INDUSINDBK - Gave Us Rs.5000/- Profit.

>>> EXIDEIND - Posted on 17th June, 2015 <<<

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

We Booked full Profit on ExideInd @ 148 on 18th June, 2015 with Rs.6000 Profit.

>>> Performance till 19th June, 2015 <<<

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

Send you email to niftyforall@yahoo.com for details of our service.

Thursday, June 18, 2015

Some More Rally Pending above 8190.

Dear All,

>>> Nifty Hourly Chart <<<

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

Break out from the Expanding Triangle. Tomorrow if breaks above 8190 - More Rally On Card.

>>> Bank Nifty Hourly Chart <<<

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

Bank Nifty - May rally above 17800 - towards 18000 and 18200.

Wednesday, June 17, 2015

Resisted @ 8136 - 100 HMA

Dear All,

>>> Nifty Hourly Chart <<<

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

Today we made a Profit booking of 100 to 130 Point, form our Long taken at 8000.
Send alert message to all - including whatsup - 8140 as Key resistance. Price almost fell towards 8080 form 8136.
Now the channel top or 100 HMA should cross for any further upmove.
FED Decision today to decide the trend for tomorrow. Lets wait for it.

>>> EXIDEIND <<<

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

We are long from 145, Price made a high of 148 today. Break out from the wedge shows a good rally possible. Waiting for a good rally.

>>> GRASIM - As Posted Yesterday <<<

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

Yesterday - Posted Grasim as a Break out Stock. See what happened.

>>> GRASIM - Happened <<<

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

Almost a 10K Profit. Cheers!!!

Tuesday, June 16, 2015

Above 8052

Dear All,

>>> Nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<
Price closed above 50 HMA and Yesterday high. So expect some more rally tomorrow also.

>>> GRASIM <<<

>>> Click the chart to see on full screen <<<
We are long in Grasim since 3320. Price made a high today @ 3389. Part Booking advised for Rs.5000 or near 3375. Now if the Price continue to stay above the wedge, Expect more rally soon.

>>> INDUSINDBK <<<

>>> Click the chart to see on full screen <<<
Buy initiated above 802 and Booked near 822 intrday with a Profit of Rs.5000. More rally possible towards 830 and 845. Cheers!!!.

Monday, June 15, 2015

Resisted @ 50 HMA @ 8052

Dear All,

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

Price Resisted @ 50% retrace or 50 Hour Moving Average near 8052. Cross above may give some more rally towards the channel top. Lets See. Cheers!!!

Sunday, June 14, 2015

Weekly Review - 15.06.2015

Dear All,

It was a real nightmare on market last week. Almost every Stock and Index moved into Profit - suddenly returned and hit Stop Loss. It all happened every after a good Break out Price and Indicators, shows the strength of Bear also.
Our Stocks like Bata India - ACC - Tata Motors - BataIndia - almost made a Profit of Rs.5000 and above and returned to hit Stop loss due to heavy volatile.
After a RBI's Rate Cut - which was below market expectation - Market turned down, Next week will be decided as per the progress in Monsoon.
Monday market may open on Positive zone - due to positive IIP data and CPI data. FED Meeting next week decide the course also. Progress in crude Prices - Saudi market Opened for Global investors - China Progress may decide the trend. Weakness in forex may impact the equity market heavily.
Lets go to technicals.

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

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

Last Weekly Review - wrote - How far 8000 and 7960 important. See what happened.

>>> Nifty Weekly Chart - Happened <<<

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

Nifty tested both 8000 and 7960. Now the base 7960 looks very important. Since the price holding below 50 WMA, Below 7960 may test 7723 at any cost.

>>> Nifty Daily - Happened <<<

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

We have exited our Long with a Loss of 100 Points. Lets see whats next on 5 Mins chart.

>>> Nifty 5 Mins Chart <<<

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

7950 - Key Support if holds, then expect a bounce as shown on chart. If this analysis is not wrong, an expanding triangle formation on card. Hence if the channel resistance or Expanding triangle resist the price, a fall may resume again towards the given target as shown on chart.

>>> Bank Nifty Weekly Chart <<<

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

Hope the above weekly chart for Bank Nifty is very simple to understand. If the First channel or 50 WMA breaks, expect a fall towards second Support line or 100 Week Moving Average.

>>> Bank Nifty Hourly Chart <<<

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

Not sure about the above count. Price may be forming an Expanding triangle for Wave X. On the other side if the two support 17175 and 16800 breaks, Price may continue to fall towards the lower side. One can refer the weekly chart for the downside target.

>>> ACC - Posted on 06th June, 2015 <<<

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

05th June, We have update our ACC position - As we hold long. See what happened

>>> ACC - Happened <<<

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

ACC Hit SL @ 1420. We have no Position right now. Above chart shows that - a Possible Bullish Wolf Wave formation. If this is not wrong, Expect some bounce from here.

>>> TATAMOTORS - Posted on 10th June, 2015 <<<

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

Mentioned that the Price may take support @ 430-32 as the price retraced as W-X-Y. See what happened.

>>> TATAMOTORS - Happened <<<

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

A Profit of Rs.5000 returned to Loss, SL hit and Exited Long. Next Support at 390.

>>> TECHM - Posted on 10th June, 2015 <<<

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

Wrote to Buy Tech Mahendra for a good Upmove. See what happened.

>>> TECHM - Happened <<<

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

We Booked Profit 5000 and Exited.

>>> BATAINDIA - As posted on 03rd June, 2015 <<<

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

Bata India entered Long at 1010 - Which moved till 1045 which was our first Target. We Carried for the second target - which failed and hit the Stop loss. Due to heavy volatile - we missed our profit of Rs.7500 and met a loss of Rs.8750.

>>> TCS <<<

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

Booked Rs.5000 and Exited @ 2580.

>>> Performance - as on 12th June, 2015 <<<

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

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