Monday, August 31, 2015

Support @ 7930. Caution Again.

Dear All,

>>> Nifty Hourly Chart <<<

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

7930 if broken - More fall likely. A minor break down from a channel on chart - suggesting caution for tomorrow. 8095 Resistance still not taken out - may add strength to Bears once again.

>>> CESC - Hourly Chart <<<

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

CESC looking for a fall. We have shorted today and expecting a good fall.

Sunday, August 30, 2015

Weekly Review - 31.08.2015

Dear All,

>>> Nifty Daily Chart <<<

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

Broken Head and Shoulder on Daily Chart. Rally for last 3 days happened as a Pull Back and may reverse any time sooner or later. Price if able to break the neck line again - may trigger a sell off again.

>>> Nifty Hourly Chart <<<

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

We made a 280 Points Profit last week. As given on above chart, sub wave (iii) completed and a relief rally for sub wave (iv) on the way. If 8094-95 takes again on the upper side - then (iv)th sub wave may extend as a complex correction till 8145 or even till 8250. Else Price may resume the fall to break the previous low.

>>> Bank Nifty Hourly <<<

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

Lot of speculations about - RBI may cut rate following Chinese rate cut. If that happens - Bank Nifty and Entire Index's may make a "U" turn any time along with Bank Index and Banking Stocks.
But falling rupee and Emerging Market's competition in Currency War, Followed by US strong GDP data last week and speculation that FED may not delay September Rate cut - may harden the hands of RBI to Cut Rates as usual.
Rajan - doesn't looks like bowing for our India Politician's Pressure to Cut Rate - Rather he wants his own way to Proceed with his monitory Policies.
If all the above are not wrong, then it looks like Bank Index under Heavy Bear Grip. Increasing NPA's - Increasing Cost of Funding - Makes Indian Banks to Struggle hard in coming Quarters also.
So Stay Caution on Bank Index, It looks like a Falling Knife, and not yet bottomed out.


>>> ASIANPAINTS <<<

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

Booked Profit Rs.10,000/-

>>> ENGINERSIN <<<

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

HIT SL and Booked Loss

>>> CAIRN INDIA <<<

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

HIT SL and Booked Loss.

>>> ALBK <<<

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

Booked Profit @ 87.

>>> DLF - Posted on 25th Aug, 2015 <<<

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

Wrote DLF - to move towards 123. See what happened

>>> DLF - Happened <<<

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

DLF - Booked at 118 with a Profit of Rs.32000/-.

>>> PERFORMANCE - for the month of Aug 2015 <<<

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

Write to us on niftyforall@yahoo.com for details of our service.

Thursday, August 27, 2015

More Rally above 8030. Caution on Short Sellers

Dear All,

>>> Nifty Hourly - Posted Yesterday <<<

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

Wrote yesterday - Relief rally on card. See what happened !!!

>>> Nifty Hourly - Happened <<<

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

RSI - If breaks - may help the Bulls to rally more. Price if able to cross and hold above 8030 - More rally possible. Lets See. Cheers!!!

Wednesday, August 26, 2015

Wait for Relief Rally. Support @ 7790

Dear All,

>>> Nifty Hourly Chart <<<

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

Yes, Just wait for a relief rally. Support @ 7790. Resistance @ 7930.

Tuesday, August 25, 2015

Is this a Buy on Dips ???

Dear All,

>>> Nifty Hourly Chart - Posted Yesterday <<<

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

Wrote - Market to bounce any time if the channel holds. See what happen.

>>> Nifty Hourly Chart - Happened <<<

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

China Rate cut may trigger more rally tomorrow also. We are long since 7800. Expecting a rally above 8000.

>>> DLF <<<

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

We are already in a profit of Rs.20,000/- waiting for more rally. Cheers!!!

Monday, August 24, 2015

Worst is Yet to Come or Over ??? 7770 & 7724 to Decide !!!

Dear All,

>>> Nifty Daily Chart <<<

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

If the above Head and Shoulder is not wrong - Expect more fall and worst to come. Pattern wise if this goes wrong - Alternative given on Hourly chart may come into effect.

>>> Nifty Hourly Chart <<<

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

As per EW count - Possibly we may on Wave (c) ( to complete (B) ) - which has retraced or fell down 261.8% of Wave (a). Hence the channel Support shown on chart @ 7770 or 7724 must hold for a recovery. Else Fall may continue - AS shown on Daily Chart. Lets wait and See. Very Interesting day tomorrow. Lets Wait for it. Cheers!!!

Saturday, August 22, 2015

Weekly Review 24.08.2015

Dear All,

>>> Nifty Daily Chart <<<

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

Price below 50 and 100 DMA - Broken the Triangle like pattern also. Late recovery on friday gave a Long legger doji - which suggest some more rise possibe as a relief rally next week - which shall be used for a sell again.

>>> Nifty Hourly Chart <<<

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

Don't know - if the above chart is understandable or not. But i have tried to give my best counts and channels - to show how the price moved on hourly chart so far.
I feel like its a double shouldered - Head and Shoulder Pattern. Hence there shall be some possible relief rally - may fall later on. So caution again.

>>> Bank Nifty Daily Chart <<<

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

No doubt many might have wrongly guided by the last week upmove on Bank Nifty - But I have been continuously updating in our blog to stay caution - many times. Many might have trapped in Long - by the false rally - and misguided with false Rate cut news also.
Bank Nifty making a complicated move - So next movement shall be confirmed only with next week movement. Above chart say - a bounce back possible if the channel holds next week. Else it may be an one more Sell on Rise Strategy only.


>>> Bank Nifty Hourly Chart <<<

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


As usual - its very clear from hourly chart - How bulls and bears played it from the support and resistance line. Every time bulls took chance to bounce from the support line and bears take their full chance to sell when it get resisted on channels - So as per channel support on friday - seems like a relief rally possible to fill the gap left above.


>>> Weekly Stocks Performance <<<

>>> CIPLA <<<

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

Booked Rs.19000/-

>>> ASIANPAINTS - Posted on 20th Aug, 2015 <<<

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

We have posted ASIANPAINTS as a Sell stock - See what happened.

>>> ASIANPAINTS - Happened <<<

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

Price made a low of 864 and bounced. If the throw back as shown on chart - got resisted on the channel line, price may resume the fall again.

>>> GLENMARK - Flop of the week <<<

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

Booked a Loss of 40K.

>>> Performance till 21st Aug, 2015 <<<

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

Please send email to niftyforall@yahoo.com for our service details.




Thursday, August 20, 2015

Get Ready for a Roller Coaster If 8360 Breaks

Dear All,

>>> Nifty 5 Mins Chart - Posted Yesterday <<<

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

Wrote yesterday - nifty having two supports, as per channel drawn on chart. See what happened today ???

>>> Nifty Hourly - Happened <<<

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

As you all know - I have send on whatsapp - 8360 if breaks - Price may fall more. Caution.

>>> ASIAN PAINTS <<<

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

Looks like a wedge, and if breaks, more fall likely. As mentioned on chart - We have short position. Cheers!!!

Wednesday, August 19, 2015

Resistance 8524,8540 & 8560

Dear All,

>>> Nifty 5 Mins Chart <<<

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

Its a complicated correction and difficult to count also. But if the count is not wrong - expect price to get resisted @ 8524,8540 or 8560. Once cross above these levels may trigger some more rally also. Lets wait for confirmation. Cheers!!!

Tuesday, August 18, 2015

Triangle Break Down - Resistance @ 8490

Dear All,

>>> Nifty 5 Mins Chart <<<

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

Triangle break down. Sub Wave (ii) retraced almost 100% and broken down the triangle. Key Resistance 8490 if not crossed - more fall likely.

>>> CIPLA - Posted Yesterday <<<

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

Posted Yesterday - Cipla to fall.

>>> CIPLA - Happened <<<

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

Booked Profit Rs.19000. Cheers!!!

Monday, August 17, 2015

Did you Expected this Fall Today ?!?!?!?

Dear All,

>>> Nifty 5 Mins Chart - Posted on Weekly Review <<<

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

Wrote on Friday Post - 8560 as resistance. See what happened today !!!

>>> Nifty 5 Mins Chart - Happened <<<

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

Price broken the pitchform and resisted as shown on the chart. Now if breaks below the support line as given on chart - expect more fall.

>>> CIPLA <<<

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

Channel Broken as shown on chart. If holds below the channel - More fall likely. We are short from 728, Looking for more fall. Cheers!!!

Saturday, August 15, 2015

Weekly Review - 17.08.2015

Dear All,


Arun Jaitley's 7 Big Announcements to Revamp PSU Banks

Finance Minister Arun Jaitley on Friday unleashed big bang reforms for the public sector banking system in a bid to revitalize capital-starved and corruption-prone state-run banks.

High levels of non-performing assets in state-run banks have made it hard for the government to revive investment or accelerate growth, analysts say. In a big move to revamp state-run banks, the government is working on a 7-point agenda, said Financial Services Secretary Hasmukh Adhia.

The first element of the government's strategy, Mr Adhia stressed, is appointments. Two bankers from the private sector have been appointed as heads of PSU banks in a much-hyped move. Former Microsoft India chairman and current Infosys board member Ravi Venkatesan will become the chairman of state-run Bank of Baroda.

Bank Board Bureau: The government will set up a Bank Board Bureau through which two dozen state-run banks would be monitored for key performance indicators.

Capitalization: The government will inject a total of Rs 25,000 crore of capital into debt-laden state banks in this fiscal; Rs 20,000 crore would be injected in a month. Over the next four years, the government plans to inject Rs 70,000 crore.

De-stressing: Bad loan ratios at state-run banks have near-doubled in the past four years as weak economic growth hurt companies' ability to repay debt. However, the situation of stressed assets is not so bad, Mr Adhia said.

Empowerment: More flexibility will be given to state-run banks for hiring manpower, the government said.

The government will soon come out with a framework of accountability and announced more reforms as part of its strategy to revamp the public sector banking sector, Mr Adhia said.

>>> Nifty Daily Chart <<<

>>> Click the chart to see on full screen <<<
Third Time 50 DMA saved the Bulls. Banking Index giving a good support for Nifty to bounce back. It looks like the ball in the hand of Banking Sector. Friday News about Banking Reforms from Govt fueled the rally in Bank Index and Banking Stocks. Such news flow may continue to give strength for all the index too.Lets wait and see.

>>> Nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<
Clear support from the nackline or base line gave a good rally. But still chart suggest that - Key resistance as mentioned on chart may be a major hurdle for bulls.
If the given resistance and RSI crosses, Expect a good short covering and rally. Else Price may again fall, But this time Bears may come back with full strength.

>>> Nifty 5 Mins Chart - Posted on Friday <<<

>>> Click the chart to see on full screen <<<
Fortunately we wrote on Friday - market may give a relief rally and can move till 8446 and 8480. See what happened and what's Next.

>>> Nifty 5 Mins Chart - Happened and Whats Next <<<

>>> Click the chart to see on full screen <<<
As we updated on Friday Post, Nifty rallied and it was too fast and too high as 1-5 as mentioned on chart. 8560 may resist the bulls.

>>> Bank Nifty Daily Chart <<<

>>> Click the chart to see on full screen <<<
As mentioned on Chart - Bank Nifty fall looks like a Consolidation for sub wave B. Hence if able to break above 19100 or above - Expect some Good Take Over Rally. Else Bears may hit back once again.
Banking REforms 2015 - and flow of news from Govt. may give more rally if the given levels crosses - as mentioned on chart. Interesting week ahead, as we can expect more bomb shell can be dropped from either bull or bear.

>>> Bank Nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<
As per Counts given on chart - Looks like - we are on the 4th sub wave upmove, which may find its resistance @ 18830. If this count was not wrong - expect a fall for the 5th sub wave on the downside. Above 18830 counts becomes invalid and may find its next resistance at the channel above as shown on chart.

>>> Weekly Stock Performance <<<

>>> DISHTV <<<

>>> Click the chart to see on full screen <<<
Booked Profit Rs.20,000/-.

>>> ASIAN PAINTS <<<

>>> Click the chart to see on full screen <<<
Asian Paints Made a low of 862. We made a profit 10,000/-.

>>> LICHSGFIN <<<

>>> Click the chart to see on full screen <<<
Almost near the First Target @ 474. We booked at 480 with Rs.15000/-

>>> ARVIND <<<

>>> Click the chart to see on full screen <<<
Made a Profit of Rs,30,000/-