Thursday, December 31, 2015

Support Received @ 7890. Above 7945 - Rally to continue.

Dear All,

>>> Nifty Hourly Chart <<<

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

Price almost re-tested 7945 after getting support from 7890. If able to hold above 7945 - Rally till 8040.
Wish all our Readers and Friends - A Very Happy New Year 2016. Let Your Wealth Start Multiplying from this New Year 2016. Cheers!!!

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Wednesday, December 30, 2015

Below 7920 or 50 DMA - Bear Sign ???

Dear All,

>>> Nifty Daily - As Posted Yesterday <<<

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

Posted Yesterday - Hanging man - may be an Trend changer. See what happened today.

>>> Nifty Daily - Happened <<<
>>> Click the chart to see on full screen <<<

As expected and posted yesterday, Price not able to cross above 7945 and also can't hold 50 DMA. If price continues to trade below these levels, Price may see heavy selling soon. Caution. Cheers!!!

Tuesday, December 29, 2015

Should Hold 7920 & Should Cross above 7945 - For Rally

Dear All,

>>> Nifty Daily Chart <<<

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

Red Hanging Man near Key Resistance Should be watched. 7920 Should Hold and 7945 Should be crossed for Next Rally towards 8040. We are not holding any position now. Cheers!!!



Monday, December 28, 2015

Above 7920 or 50 DMA - More Rally Possible

Dear All,

>>> Nifty Daily Chart <<<

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

We are long since 7790. Today's price movement till our first target 7920. If able to cross above 50 DMA - More rally on card. waiting for it. Cheers!!!

Sunday, December 27, 2015

Weekly Review - 28.12.2015

Dear All,


The short-term pressures are now shifted to the Budget with the winter session of Parliament ending this week. Meanwhile, markets are likely to remain range-bound with some volatility seen mostly in large-caps ahead of the December F&O expiry.

During the week, the government introduced the Insolvency and Bankruptcy Code 2015, or the bankruptcy Bill, in the Lok Sabha on Monday. The Bill has been introduced as a money Bill, which means it will not have to be passed in the Rajya Sabha, where the government has struggled to get legislative work done. Meanwhile, the winter session of Parliament ended on Wednesday.

India’s current account deficit (CAD) narrowed to $8.2 billion (1.6 per cent of gross domestic product) in the September 2015 quarter from $10.9 billion (2.2 per cent of GDP) in the year-ago quarter.

Markets are likely to remain volatile ahead of the expiry of December derivatives contracts, as traders roll-over positions to the January 2016 series. Meanwhile, oil explorers and select metal shares may extend gains tracking global crude and metal prices. Auto shares will be in focus ahead of their December sales figures that would be announced later during the week. On the global front, data on China's manufacturing PMI is scheduled for release on Thursday, December 31.

FIIs have been net buyers for the week for the first time after a lag of many weeks, which is an indication that the rally is likely to sustain and propel the market to new highs on the back of renewed inflow from FPIs. The government has taken proactive steps with regard to the GST by awarding contracts to Infosys to develop a central software platform. It is a loud indication that the policy will be implemented though the timing could be slightly delayed.

The bounce of the previous week testing 7,550 level of Nifty50 has further strengthened the market momentum. Led by short covering and renewed buying by FPIs, the market has firmly found support at these levels.

The market has priced in the negatives and discounted the US Fed increasing interest rates, postponement of the GST and paralysis of the government.

The market is now looking forward for cues to move ahead. However, as the year is heading toward December 31, people are in no mood to commit, and the market is thus expected to remain rangebound for the last week of the calendar.
The Nifty50 ended the week 1.49 per cent higher at 7,861.

>>> Nifty Daily Chart <<<

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

RSI on a clear break out, Price closed above 7850 or 38.2% retrace shows a good sign from Bulls. We are holding our long and looking for more rally next week also.

>>> Nifty hourly Chart <<<.

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

Moving average cross above in favour of bulls and price holding above the channel break out. Hourly chart also on bullish sign.

>>> Bank Nifty Daily Chart <<<

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

Clear break out from the pitchfork channel. RSI should break above the trend line for more healthy rally.

>>> Bank Nifty Hourly Chart <<<

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

Moving Average on a positive cross over, Price may try to fill the gap on the upper side above 17030. Possible to test the upper side of the channel also.

>>> BHEL - Hold Long <<<

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

Holding Long in BHEL.

>>> IDFC - Holding Long <<<

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

Holding Long in IDFC for a good rally.

>>> Performance till 24th Dec, 2015 <<<

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

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

>>> New Year Plan - 2016 <<<

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Wednesday, December 23, 2015

Above 7852, Next 7920.

Dear All,

>>> Nifty Hourly Chart <<<


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

Crossed 7852, Sustain above may give more rally. We are long in Nifty and Holding for Target.

>>> BHEL - Holding Long <<<

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

We are long in BHEL from 171, Holding for more rally. Cheers!!!

Tuesday, December 22, 2015

Channel Resistance - Watch 7738 & 7704 for Support

Dear All,

>>> Nifty Hourly Chart <<<

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

Unable to cross above 7852, resisted @ channel and started moving down.

>>> Nifty Hourly Chart - 2 <<<

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

RSI broken down may drag price down, if Price unable to get support from the channel and moving averages.

Monday, December 21, 2015

Above 7852 More Rally Coming. Support @ 7738

Dear All,

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

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

Wrote on Weekly Review 7738 as a good Support, See what happened today.

>>> Nifty Hourly - Happened <<<

>>> Click the chart to see on full screen <<<
'
Price taken support @ 7738 and started bouncing, now 7752 if crosses, more rally and short covering on card. Lets wait. Cheers!!!

Saturday, December 19, 2015

Weekly Review - 21.12.2015

Dear All,


The government on Friday lowered its forecast for gross domestic product (GDP) growth to 7-7.5 per cent in this fiscal year, down from an earlier forecast of 8.1-8.5 per cent. Though it stuck to the fiscal deficit target of 3.9 per cent of the GDP for the year, Chief Economic Advisor Arvind Subramanian said at a press conference that the target of 3.5 per cent looks challenging for next year.

The mid-year review raised a red flag for fiscal year 2016-17, saying that the economy was giving off mixed signals and it was riding on just private consumption and public spending, with private investment yet to gather momentum. Declining nominal GDP (gross domestic product) growth could dent government revenue, it said.

In such a situation, "if the government sticks to the path of fiscal consolidation, that would further detract from demand", said the document that was introduced in Parliament on Friday. "The fiscal outlook for the next year (is) looking challenging... It is in this context that the government's commitment to further fiscal consolidation of 0.4% of GDP needs to be reassessed."

The analysis said weak exports and low private sector investment were among the reasons for lowering the GDP growth forecast.


The report said, “Both direct and indirect tax collections have registered a dramatic increase in buoyancy in the first half of 2015-16 compared to the average of the previous three years.”

The higher outlay on the Seventh Central Pay Commission's award and defence pensions while trying to maintain fiscal discipline could impact capital spending, undermining growth. The lower nominal GDP growth, pegged at 8.2% this year as opposed to 11.15% forecast earlier, would make meeting the fiscal target even more difficult.


RBI has set a target for consumer inflation of 5% by January 2017 and 4% by January 2018. "If private sector indebtedness and the attendant financial stability concerns are important, and there is scope for flexibly interpreting inflation targets and the glide path, the scope for easing remains," it said. Stretching the timeline for achieving the inflation target of 4% could create room for further monetary easing.

“As long as oil prices do not decline further and remain around $50 per barrel, the additional boost to consumption that the economy received this year – of about 1-1.5 percentage points – is likely to recede,” the report stated.

It, however, forecast a pickup in exports and said there was a need to continue boosting public sector investment in infrastructure, something that was done this year. Subramanian added in the press conference that the current account deficit would be in the range of 1-1.2 per cent next fiscal year.

The report said retail inflation was likely to remain within the RBI's target of about 6 per cent. Subramanian later said inflation had moderated significantly. Underlying determinants like rural wages and farm support prices were also moderating and foreign exchange reserves had risen to about $352 billion.

"The rupee has been very stable. The focus on the rupee-dollar rate conveys a misleading impression about the stability of the rupee. If you measure it against a basket of currencies, it has actually been quite stable," he said.

Subramanian sees exports and the farm sector doing better in the next financial year though he expects support from low commodity prices to weaken.

"The economy is recovering but it's hard to be very definitive about the strength and breadth of the recovery for two reasons — the economy is sending mixed signals and... there is some uncertainty (on) how to interpret GDP data," he said.

About these signals, he said that while personal consumer loans are growing rapidly at 15%, credit to industry is growing slowly. Also, while indirect tax collection is high, direct taxes aren't buoyant.

Lets See Technical's also..

>>> Nifty Daily Chart <<<

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

As given on chart - Have covered our Long with good Profit, though expecting more rally soon.

>>> Nifty Hourly Chart <<<

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

Hourly Chart - Says support @ 7738 & 7704. With 100 and 50 Hour Moving Average, if holds, May again get strength for an upmove.

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

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

Last Weekly Review - Have mentioned that - 16190 as a good support, As expected Nifty made a low @ 16188 and bounced back, So whats next ???

>>> Bank Nifty Daily Chart - What's Next <<<

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

As expected price started moving up after getting support form 16188. For a healthy rally 16725 must cross and hold.

>>> Bank Nifty Hourly Chart <<<

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

Price got support from the middle line of Pitchfork and started moving up, If breaks above, more rally. After friday's consolidation, it looks like 16550 and 16480 may support bulls for a healthy rally.

>>> AdaniPort - As Posted on 14th Dec, 2015 <<<

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

AdaniPort posted on 14th Dec, 2015 - Mentioned we are long as per falling wedge break out. See what happened.

>>> AdaniPort - Profit Booked @ First Target <<<

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

Booked on first Target with Rs.16K. Possible rally for second target also.

>>> DLF - Profit Booked <<<

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

Profit booked on DLF, More rally possible till 120.

>>> IDFC - Holding Long <<<


>>> Performance till 18th Dec, 2015 <<<

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

For details of our service, please send email to niftyforall@yahoo.com or whatsapp @ 9677924975

Thursday, December 17, 2015

7850 Done, So whats Next ???

Dear All,

>>> Nifty Hourly Chart <<<

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

We have booked our Long today @ 7850. As per above chart, Gap on the left side filled. Now if price able to cross above the channel, Expect more rally.

>>> IDFC Daily - Holding Long <<<

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

We have entered Long in IDFC and Holding for a good Rally. As shown on above chart, After RSI break out, if Price able break above the falling wedge, more rally on card. Cheers!!!

Wednesday, December 16, 2015

Above 7740 More Rally on Card.

Dear All,

>>> Nifty Hourly Chart <<<

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

Nifty above 7740, Expect more rally if the support holds. We are long from 7620 and expecting more rally.

>>> DLF - Profit Booked Rs.35000/- <<<

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

We made a long form 108 and booked near 115. Almost a profit of Rs.35000. Cheers!!!

Tuesday, December 15, 2015

Wait for 7714 & Fed (Up).

Dear All,

>>> Nifty Hourly Chart <<<

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

As wrote yesterday, Price started moving up. Now 7714 if able to cross, expect more rally till the top of the channel. Cheers!!!

Monday, December 14, 2015

Watch 7714 - More Short Covering Possible !!!

Dear All,

>>> Nifty Hourly Chart <<<

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

A Gap down opening, thought price managed to hold above 7590 and 7540, shows a possible recovery soon. News flow like RBI meet with Bankers, GST Out come from Congress and Fed Out come may decide the next move. Thought last 2 weeks price not moving with technical charts, hope it will be set right this time to go with chart.

>>> ADANIPORT <<<

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

Break Out from the falling wedge, We are long and and expecting more rally. Cheers!!!

Sunday, December 13, 2015

Weekly Review - 14.12.2015

Dear All,


Investors will keenly watch the decision of US Federal Reserve’s two-day monetary policy meeting scheduled on starting on Tuesday.

The market will also react to the industrial production (IIP) data for October, which was announced post-market hours on Friday.

The government will unveil the data on Wholesale Price Index for November on Monday. Post market hours, Consumer Price Index for November will also be announced on Monday. Stock market trend will also largely depend on developments over the GST Bill, movement of the rupee, crude oil price movement and investment by foreign portfolio investors.


Investors’ sentiments were dampened over a possible delay in the passage of the key GST Bill. Further, oil prices tumbled to their lowest since 2009 after the Organization of the Petroleum Exporting Countries (OPEC) decided to keep production high despite depressed demand.

Further, foreign portfolio investors sold approximately Rs 1,000 crore worth shares during the week. On Friday, the rupee ended with a 17 paise loss at 66.88 against the US dollar, the lowest level in more than two years in the face of a strong demand for greenback.


On Friday, Reserve Bank of India governor Raghuram Rajan said there was a high probability of the Fed increasing the benchmark interest rate by 0.25 per cent next week. "Looking at the market probabilities, our sense is there is 70-75 per cent probability of a Fed increase. I also think Fed has prepared the way carefully for rate increase so it is likely at this point they will go ahead and raise rates," he told reporters after a meeting of Central Board of the RBI.


The recent fall in these stocks to relentless selling by foreign institutional investors with high levels of holdings. FIIs continued their selling spree and pulled out more than Rs 2,300 crore from the domestic stock market in the first week of December after Fed chair Janet Yellen hinted at a rate hike.The Fed did play a major role in the current market fall, and there is worldwide weakness in equities. To be honest, a lot of FII money is going out of India and other emerging market.

It looks like markets have already factored in a rate hike. This is evident from the constant selling witnessed in equity markets not just in India, but across the globe. While financial markets globally look more prepared for a rate hike in the US, the main worry is about how things pan out beyond the first rate hike. Some experts think the pace of rate increase will be shallow and the quantum of hike would not be more than 60 bps in next 12 months.

The US Fed will do the first round of rate increase this December, which is already known and presumably digested in stock prices. The bigger issue is after that what? What kind of commentary will the Fed give along with the first rate increase? "If the commentary is dovish, it should be looked at as time-bound increase in rates. So far the indications and consensus are factoring in a gradual increase in rates over a period, and that too based on data"

Apart from above, lets move on to technical's.

>>> Nifty Daily Chart <<<

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

7590 if Holds, Possible Bounce back.

>>> Nifty Hourly Chart <<<

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

Important Support 7590 should hold for a good bounce back next week. Break below may test 7540.

>>> Bank Nifty Daily Chart <<<

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

16250 or 16190 if holds, expect a bounce.

>>> Performance till 11th Dec, 2015 <<<

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

Send email to niftyforall@yahoo.com for details of our service. Whatsapp @ 9677924975

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