7960 - Get Ready for a Rally till 8022-24

Dear All,

>>> Nifty Hourly Chart <<<

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

Nifty Hourly - Shows a clear Bullish Cross Over, So expect Price to cross any time above 7960 for a good rally.

>>> Bank Nifty Hourly Chart <<<

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

Bank Nifty Resisted @ 17480, Cross above may rally till 17720. Cheers!!!

Weekly Review - 30.11.2015

Dear All,

Key Events to decide the trend next week.

1) RBI Meet 2) GDP Data & 3) GST Bill.

1) The Reserve Bank of India (RBI) will go for its fifth bimonthly monetary policy review on Tuesday, December 1. Most analysts expect it to be a non-event, and say the central bank would maintain status quo ahead of the crucial US Federal Reserve meeting mid-December.

2) In macroeconomic data, market participants would watch India's gross domestic product (GDP) data for the September quarter, which will be released on Monday, November 30, 2015.

According to a Reuters poll of 45 economists, economic growth accelerated to 7.3 per cent in the September quarter. The range of forecasts for gross domestic product growth for the latest quarter was between 6.9 per cent and 7.6 per cent, with the median at 7.3 per cent.

3) Investors are hopeful that GST will see the light of the day during the winter session of Parliament as the government is showing its willingness to negotiate

>> International Events <<<

Investors would keep a close vigil on the forthcoming monetary policy meeting of the European Central Bank on December 3.It is widely expected that the European Central Bank would expand its stimulus programme to provide further support and aid the recovery in the euro area.

In mid-December (i.e. on 15th-16th), the US Federal Reserve is scheduled to meet to decide on interest rates, The minutes of the October Federal Reserve meeting hinted at a likely rate hike in December. This reflected confidence in the US economy to sustain a rate hike. A rate hike decision by the US Federal Reserve will provide key triggers for the market.

The movement in the china markets is set to dictate the trend on the bourses after the shares cracked nearly 6% on Friday as the regulator banned some brokerages for infringement of trading rules. Meanwhile, China manufacturing purchasing managers’ index (PMI) data will be released on Monday, 30 November.

Lets See the Technical's ...

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

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

As posted on Last Weekly Review - Weekly Chart gets support from 100 WMA - Wrote to Stay Long.

>>> Nifty Weekly Chart - Happened <<<

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

Almost made a high of 7960. Expect more rally above 7960.

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

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

As posted on last weekly review - If 7710 holds, expect a rally. See what happened.

>>> Nifty Daily - Happened <<<

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

As expected Price started Moving up. Expect rally.

>>> Nifty Hourly Chart <<<

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

Price halted near 7960 or 38.2% retrace, cross above may trigger next rally till 8030 or near. We had a long position from 7830, advised to book some profit near 7960.

>>> Bank Nifty Daily Chart <<<

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

Trigger from RBI Next week to run the Bank Nifty. Chart Suggest a rally till 100 DMA - As price closed above 50DMA Last Week.

>>> Bank Nifty Hourly Chart <<<

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

Bullish Cross Over - refers - More rally on card. Above 17480 - More rally possible as mentioned on Daily Chart.

>>> Apollo Tyre - Posted on 16th Nov, 2015 <<<

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

Posted on 16th Nov, 2015. Mentioned We are long, waiting for a rally. See what happened.

>>> Apollo Tyre - Profit Booked <<<

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

Booked full Profit @ 165 with Rs.30,000 Profit.

>>> ADANIPORT - Booked Profit <<<

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

Booked Profit @ 278 with Rs.14400/- Profit.

>>> AXISBANK - More Rally on Card - Hold Long <<<

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

We have long position in Axis Bank with a Profit of Rs.10,000. More rally on card.

>>> Performance till 27th Nov, 2015 <<<

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

Please send your queries to niftyforall@yahoo.com or whatsapp @ 9677924975

Upmove above 7906, may test 7960

Dear All,

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

Above 7906 - Previous high - Expect nifty to test 7960 or the channel top as shown on chart. Week End. Cheers!!!

Support @ 7830 & 7790.

Dear All,

>>> Nifty Hourly Chart <<<

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

Price between 50HMA & 100 HMA, Channel Support should hold for an upmove.

>>> AXISBANK - Daily Chart <<<

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

We are long in Axis Bank. If the support holds as shown on chart, Expect a good Rally Soon. Cheers!!!

Support @ 7825 & 7810

Dear All,

>>> Nifty Hourly Chart <<<

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

Its a Cat on the Wall. Support @ 7825 and 7810, If holds - Upmove possible, Else May test 7790 on the downside. Lets wait for more clarity.

Weekly Review - 23.11.2015

Dear All,

After Bihar election Loss, disappointed earning from many corporates, Nifty managed to hold 7700 - shows a bounce back on card.

The world financial markets reacted to the Paris attacks and the subsequent action by the French government during the first half of the week. The French capital, Paris was attacked by the militant group, ISIS on Friday, 13 November local time.

But the latter half of the week, the US Federal Reserve, which released its meeting minutes on Wednesday, depicted confidence in the world’s largest economy as it signalled at a possible rate hike in December. Also, if the Fed raises the interest rate in December, it would proceed slowly with the further tightening of its monetary policy, the minutes said. This sentiment uplifted the world stock markets.

Back on the home turf, in a statement released by the Ministry of Finance on Thursday said that the seventh Pay Commission has proposed a 23.55% pay hike to the nearly 4.8million central government employees and nearly 5.5 million central government pensioners. If the recommendations are accepted, the impact on the budget would be of Rs 1.02 lakh crore in FY 16-17.

On economic front, the wholesale price index (WPI) released by the government for the month of October showed a contraction for the 12 straight month. The data stood at negative 3.81% against minus 4.54% in the previous month.

Week Ahead :-

Next week will be a truncated week as markets will remain closed on November 25, 2015 on account of Guru Nanak Jayanti.

Market to watch closely the Winter Session of the Parliament, which will commence on November 26,2015 in the hopes to see the Goods and Services Tax (GST) bill to sail through.

The next bigger event is winter session of parliament and then the crucial Dec Fed policy. If both the events don't shock the markets then we could very well start a steady uptrend.


>>> Nifty Weekly Chart <<<

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

Its very clear how 100 WMA gave support to the bulls last time. So now the Price managed to close above 100 WMA - shows Bulls may gain strength again next week.

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

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

Last week mentioned 7710 and 7690 as a good support, See what happened.

>>> Nifty Daily Chart - Happened <<<

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

As expected both 7710 and 7690 holding and price started its upward journey.

>>> Nifty Hourly Chart <<<

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

Clearly 100 HMA and 7906 hit the bulls on friday. So if Bulls manage to cross above these levels, Expect next round of rally till the two resistance mentioned on chart.

>>> Bank Nifty Hourly Chart <<<

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

17480 Key Resistance Next week for Bank Nifty, Cross above may trigger a good rally. Else downside may resume again.

>>> Apollo Tyre - Posted on 16th Nov, 2015 <<<

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

Above chart updated on 16th Nov, mentioned that we are long for a rally. See what happened.

>>> Apollo Tyre - Follow Up <<<

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

Price made a high of 163.50, though we send message for profit booking near 165, price returned due to volatile. Many of our clients booked and still we feel the rally to continue till our target 165 or even above.

>>> Adani Port - Posted on 16th Nov, 2015 <<<

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

Posted above chart on 16th Nov, 2015 for a Possible upmove. See what happened.

>>> Adani Port - Happened <<<

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

Made a High of 276.40 and we send Profit Booking Message also. Still Chart says a Break out and Possible rally. Buy on dips advisable for a good target.

>>> Performance till 20th Nov, 2015 <<<

Please send your queries to niftyforall@yahoo.com or whatsapp on 9677924975. Cheers!!!

Above 7860 - Fresh Rally on Card

Dear All,

>>> Nifty Hourly Chart <<<

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

Break out seen on chart, If the above chart is not wrong, expect fresh rally and short covering tomorrow also. Cheers!!!

Key Support @ 7690

Dear All,

>>> Nifty Hourly Chart <<<

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

Crucial Support @ 7690, If breaks, More panic selling on card. If holds, Expect recovery. Let Paris and Nifty Stay Calm. Cheers!!!

Resistance @ 7860 - 50 HMA

Dear All,

>>> Nifty Hourly Chart <<<

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

Prices resisted at 50 Hour Moving Average, Cross above may trigger next rally.

More Rally Coming Soon. Stay Long.

Dear All,

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

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

Wrote on last weekly review - if support 7690 or 7710 holds, expect a bounce back. See what happened today.

>>> Nifty Hourly Chart - Happened <<<

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

As expected, Nifty took support near 7710, made a low of 7714 and started moving up. Tomorrow 7870 and 7940 may act as resistance.

>>> APOLLO TYRE - We are Long <<<

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

We are Long in Apollo Tyre, Expecting a good rally. If the price breaks the small channel on the bottom of the chart, Expect a good short covering and fresh rally soon.

>>> ADANI PORT - We are Long <<<

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

We are Long on Adani Port also. RSI on break out mode, price must follow the same, for a good rally and short covering. Lets wait and See. Cheers!!!

Weekly Review - 16.11.2015

Dear All,

Markets ended lower for the third straight week after foreign funds continued to press sales in equities while slump in commodities prices led to a sell-off in global markets. Further, sluggish September industrial output and rise in October consumer price inflation also dampened investor sentiment.

Industrial output grew at a slower-than-expected pace of 3.6% in September, dampened by a slower expansion in the mining sector. Further, the retail inflation climbed to a four-month high of 5% in October as food prices escalated on supply deficiency in pulses. Consumer price index based inflation stood at 4.41% in September 2015.

Foreign funds remained net sellers after robust US jobs data raised prospects of a rate hike by the US Fed. Foreign institutional investors were net sellers in equities to the tune of Rs 713 crore on Friday, as per NSDL data. During the first two weeks of November FIIs were net sellers in equities worth Rs 2,505 crore.

Meanwhile, global index provider MSCI at its semi-annual index review on Thursday announced the inclusion of Cadila Healthcare, Maruti Suzuki, Ashok Leyland and Tata Motors to its MSCI India index and removed DLF and Oil India. The changes are effective from November 30, 2015.

Surprisingly, defensive sectors such as IT, pharma and FMCG also witnessed selling pressure with pharma stocks losing the most after weak earnings from Sun Pharma and Dr Reddy's said it has received a warning letter from the US Food and Drug Administration (FDA) over quality control issues at three of its manufacturing facilities.

>>> Nifty Daily Chart <<<

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

Above daily chart shows how the Price are mirrored with previous such movements like support and resistance. Hence next week We can expect Price to take support near 7730 or 7723, In such a case, Expect a good relief rally.

>>> Nifty Hourly Chart <<<

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

May be, Nifty trying to form a Head and Shoulder. In such a case, Price may try to get support near 7730,7710 or 7690. If holds these support, Expect a bounce back to form the right shoulder. Hope the above chart and strategy gives you a clear idea of whats next on nifty.

>>> Bank Nifty Hourly Chart <<<

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

Just like Nifty - Bank Nifty also - may move up to form its right shoulder for H&S. Price need to break out of the channel for test the resistance as shown on chart.

>>> Performance till 13th Nov, 2015 <<<

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

For details of our service - Send email to niftyforall@yahoo.com or whatsapp @ 9677924975.

Support @ 7770 - Wish you all a Happy New Year !!!

Dear All,

>>> Nifty Hourly Chart <<<

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

Key Support 7770, if holds, expect a possible rally till the resistance as shown on above chart.

>>> LT - 5 Mins Chart <<<

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

Above chart is a 5 Mins, Last leg of Fall completed as 1-5. We are long in LT. More rally on card if breaks the Trend line - as shown on chart. Wish you all a Happy New Year. Cheers!!!

Relief Rally (Diwali) Rally - till 7988 or 8055

Dear All,

>>> Nifty Hourly Chart <<<

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

Covered our Short with 500 Points Profit. We have initiated short @ 8320 and covered today near 7800.
Now above hourly chart says, recovery on card. RSI on the edge of break out, Price may test 7988 or 8055 as a relief rally or diwali rally.

>>> YESBANK - Posted Last Week <<<

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

Wrote last week - We have shorted Yes Bank. See what happened.

>>> YESBANK - Booked Profit <<<

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

Booked full profit @ 740.

>>> SBIN - Posted on Weekly Review <<<

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

Wrote on Weekly Review - We are long on SBIN, looking for a target of 248. See what happened today.

>>> SBIN - Happened <<<

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

Booked Profit @ 248. Cheers!!!

Weekly Review - 09.11.2015

Dear All,

>>> Week Ahead :- <<<

Ahead of the festival of lights, markets missed out on Diwali dazzle as the uncertainty surrounding two major events Bihar exit poll outcome and Fed comment indicating an interest rate hike marred sentiment.

Bihar Exit Polls - shows Modi's image may be in trouble. Stocks market looks Bihar election as an important trigger, as Modi needs majority to gain from Upper house to pass important bills like GST.

Hence Sunday's results may have an impact on Monday opening.

FED already signalling or promising Rate Hike on december, which may not be an good news for EM's like india.

Results are not Good :-

In the last two weeks, there has been a remarkable divergence in the way the global equity markets have performed and Indian markets. On one hand, the US indices have rallied almost 2-3% while Indian markets have corrected by almost 5%. On the other hand, our markets are nearing their 2015 lows while the US indices are few percentage points away from their lifetime highs. The disappointment in earnings for many key frontline stocks including few private sector banks, muted performance from IT names and lot of earnings miss from midcaps.

The final batch of September quarterly results due next week will be keenly watched by the market participants. Britannia, Sun Pharma, BPCL, HPCL, REC, Hindalco, NMDC, NALCO and Coal India are scheduled to release their Q2 numbers in the coming week.

The government is scheduled to unveil the CPI data for October and the IIP data for September on Thursday, respectively.

More actions left on a Upcoming short week. Lets go to technicals.


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

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

Wrote last weekly review - 50 DMA may support, If not, Fall to continue. See what happened.

>>> Nifty Daily - Happened <<<

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

Broken all supports like, previous low 7995, 50 DMA and trend line. Caution advised.

>>> Nifty Hourly Chart <<<

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

Price made a low of 7927 on friday and maintain above the support, Next week if breaks, then may test 7843.

>>> Bank Nifty Daily Chart <<<

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

Bank Nifty also on 50% Fib Support near 16895, If breaks next support @ 16628.

>>> LICHSGFIN - Profit Booked <<<

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

Profit Booked near First Target as given on chart.

>>> SIEMENS - Profit Booked <<<

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

Profit Booked near First Target @ 1290.

>>> YESBANK - Follow Up - Holding Short <<<

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

Yes Bank - Holding Short, which made a low of 750 on friday.

>>> SBIN - Long <<<

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

Position Open still with SLCTC. Cheers!!!

>>> Performance till 06th Nov, 2015 <<<

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

Send your Enquiries for details of our service to niftyforall@yahoo.com.