Saturday, January 03, 2015

Weekly Review - 05.01.2015

Dear All,


Indian equities are likely to continue its bullish run this year on the back of improved corporate earnings and RBI's action on interest rates coupled with positive global trends, says an Assocham study.

"The year 2014 has been undoubtedly one of the good years for the Indian equity markets and in 2015 it is expected the growth spurt in coming year with more stability," according to Assocham paper on 'Indian Capital Market outlook for 2015'.

Major Trigger for next Week :-

1) Investors likely to take cues from the banking conference and related reforms announcement

2) ECB Governing Council meeting on Wednesday. No interest rate announcements scheduled.

3) Infosys results on Friday.

So lets See what are the Market data Suggest :-

The 8,600 call-option strikes have maximum OI of more than 35 lakh shares. The implied volatility (IV) of call options closed at 13.44 per cent, while the average IV of put options was 12.96 per cent. Nifty VIX closed around 13.79.

In the coming week, the markets would look forward to the release of HSBC Service PMI data, which is scheduled to be released on January 6, 2015 and Infosys results which will be out on Friday, January 9.

"I think we would move towards 8,500-8,550. The positivity will definitely continue, but to say that we will break the prior high of 8600 and move up one way and make a new high probably that would also be possible," says Sandeep Wagle, founder & CEO, Power My Wealth.

So lets see what Charts Says for the week ahead ...

>>> Nifty Weekly - As Posted on 22nd Dec, 2014 <<<

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

Exactly before 2 weeks - above chart was updated on our weekly review. Wrote clearly - Hanging Man inside the channel will help the bulls to recover. See what happened this week.

>>> Nifty Weekly - Happened and Yet to <<<

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

Price started moving up firmly - as expected. Bulls made a safe close above 15wma - may possibly test the upper end of the channel.

>>> Nifty Daily - As Posted on 22nd Dec, 2014 <<<

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

As Posted on 22nd Dec, 2014 Weekly Review - We have clearly wrote on Chart itself - Nifty may re-test 8372. See what happened ??

>>> Nifty Daily - Happened and Yet to <<<

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

Our long on Nifty hit second Target @ 8410. Since Price holding above 50 dma, expect more fire works.

>>> Nifty Hourly - As Posted on 31st Dec, 2014 <<<

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

8282 was a magic level we wrote on 31st Dec, 2014, See what happened once price moved above 8282.

>>> Nifty Hourly - Happened and Yet to <<<

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

After 8282 - Nifty had a sharp rally on friday. Above 8372 - looks like a fresh break out on chart. RSI also gave a fresh break out, MACD on a fresh Buy Signal. The only Resistance 8484 should get through for bulls to make a new high. Get ready for it next week.

>>> Banking Sector <<<

India's top bankers have gathered in Pune to discuss long-pending reforms vital to improving the health of ailing public sector banks in India.


For years, political interference and union opposition have thwarted major reforms.

"When the country is trying to achieve accelerated growth in economic development it is absolutely essential that banking reforms are thought about, deliberated upon and implemented also," Hasmukh Adhia, financial services secretary in the finance ministry, said on Friday.

Besides the heads of all public sector banks, the two-day meeting ending on Saturday will also be attended by Prime Minister Narendra Modi, Finance Minister Arun Jaitley and Reserve Bank of India Governor Raghuram Rajan.

The issues to be discussed include industry consolidation, restructuring of state banks for better efficiency and governance, as well as asset quality.

So - it looks like a Great move on Banking Sector from Modi Govt. So expect some more Good news in next Week and Major fire works and New High on Bank Nifty Index and Many Banking Stocks too.

Lets Move on to Technicals Now..

>>> Bank Nifty Daily - As Published on 22nd Dec, 2014 <<<

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

On 22nd Dec, 2014 - wrote on blog - Bank Nifty has completed 4th subwave and may move up for 5th wave. See what happened.

>>> Bank Nifty Daily - Happened and Yet to <<<

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

If you see the above chart - will agree that - bank Nifty on a Clear Break out above 18855 and 18923. Next Resistance @ 19725. Get Ready.

>>> Bank Nifty Hourly - As Posted on 31st Dec, 2014 <<<

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

Posted on 31st Dec, 2014 - Break out above 18735 - See what happened on Friday ?

>>> Bank Nifty Hourly - Happened and Yet to <<<

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

Above chart looks like a Cup and Saucer or some thing like an IHS break out - Shows a blast upmove coming. No more words, Just get ready to enjoy the rally.

>>> Chart Performance of the Week <<<

>>> RELINFRA - As Posted on 29th Dec, 2014 <<<

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

Wrote on 29th dec, Relinfra to give a Break out. See what happened.

>>> RELINFRA - Happened and Yet to <<<

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

If the triangle breaks out - Get ready for a fresh rally.

>>> BHARTIARTL - As Updated Last Weekly Review <<<

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

Of course we are updating Bharti Airtel for last 2 weeks and we are holding our long too. See what happened this week.

>>> BHARTIARTL - Happened and Yet to <<<

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

From 344 to 364 with a profit of Rs.10,000/- Expect more rally if Price continue to stay above Pitch fork.

>>> SBIN <<<

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

We are long since 312. We made a Part Booking @ 317. Next week if breaks above 318 - Expect more blasting move on card.

>>> IOB <<<

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

Break Out & Break Out - Nothing Else.

>>> Performance for the month end - Dec, 2014 <<<

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

Write to us on niftyforall@yahoo.com for details. Cheers!!!