Sunday, January 11, 2015

Weekly Review - 12.01.2015

Dear All,

Nifty shed 1-2-1.4 percent for the week, weighed down by Tuesday’s crash over Greece and crude worries. The possibility of Greece exiting the European Union and crude oil slipping below USD 50-a-barrel led to a global sell-off on Tuesday.

Provisional data shows FIIs as having sold stocks worth Rs 2,638.72 crore this week owing to a risk-off sentient amid subdued global cues. The possibility of Greece exiting the European Union and crude oil slipping below USD 50-a-barell led to a global sell-off on Tuesday. Greece exiting the European Union or "Grexit' will significantly hurt the region's common currency -Euro- and will increase the possibility of sovereign default by the country.

A crash of 857 points on Sensex on Tuesday had market worried if the bullish trend has reversed. Experts feel these concerns may be exaggerated and recommend that investors should dips as buying opportunities. UR Bhatt of Dalton Capital sees pressure on crude prices hurting the sentiment internationally but India’s macro fundamentals appear sound. “I don’t think this (correction) will last long,”

Despite a smart recovery led by short-covering this week, market experts of the view that needs to breach the 8450 level to resume the bull-run. Third quarter corporate earnings results, crude oil price movement, US jobs data which is slated to be released later today will dictate the trend in the short-term.


>>> Nifty Weekly Chart - As Posted Last Week <<<

>>> Click the chart to see on full screen <<<
As wrote last week, Price able to close inside the channel. So lets see what happened next ?

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

>>> Click the chart to see on full screen <<<
Its a Clear signal from Bear. A Bearish Hanging Man on Price and a Trend line break down on RSI - Gave a clear warning. So expect a good Sell off in coming days.

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

>>> Click the chart to see on full screen <<<
Daily chart - as posted Last week - has closed comfortably above 50dma, Let's see what happened next.


>>> Nifty Daily Chart - As Posted on 07th Jan, 2015 <<<

>>> Click the chart to see on full screen <<<
On 07th Jan 2015, Daily chart gave a bearish sign, Closed below 100dma for the second time. Hence its time to check the bear signal.

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

>>> Click the chart to see on full screen <<<
Look like a Head and Should on Daily Chart. If breaks 8485 or 78.6% golden Ration - then then trend may get ignored. But if breaks the base line as shown on chart, Expect a heavy sell off and Free Fall. Stay Caution.

>>> Nifty Hourly Chart - As Posted on 08th Jan, 2015 <<<

>>> Click the chart to see on full screen <<<
08th Jan posted as 8255 & 8300 key resistance, see what happened.

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

>>> Click the chart to see on full screen <<<
Nifty made a high of 8303 on friday and closed at 8284. Now 8300 and 8364 acts as a key resistance. If unable to cross may give strength to bear. Stay caution.

>>> STOCK PERFORMANCE OF THE WEEK <<<

>>> BHEL - As Posted on 08th Jan, 2015 <<<

>>> Click the chart to see on full screen <<<
Wrote on 08th Jan, Price got resisted on the channel - We are on short since 260. See what happened.

>>> BHEL - Happened and Yet to <<<

>>> Click the chart to see on full screen <<<
Bhel made a low of 251 almost near the first Target 250. Made a part booking at 255 with a profit of Rs.5000/-. Expect more sell off - going ahead.

>>> ASHOKLEY <<<

>>> Click the chart to see on full screen <<<
We are short on Ashok Leyland from 61.50 onwards. Price made a low of 57.5. More fall ahead and we are ready to book our first target 56 with a Profit of Rs.44000.

>>> INDUSINDBK <<<

>>> Click the chart to see on full screen <<<
Yes, we are short in this counter. Price and RSI on a clear sell signal. Lets Wait and See. Cheers!!!


>>> Performance till 09th Jan, 2015 <<<

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

Wrote to us @ niftyforall@yahoo.com for more details.