Saturday, February 07, 2015

Weekly Review - 09.02.2015

Dear All,


Markets Friday ended lower for a sixth straight day due to disappointing third quarter numbers posted by blue-chip companies, including Tata Motors. Concerns that the Bharatiya Janata Party (BJP) might face defeat in the Delhi Assembly elections also weighed on investor sentiment. Market posted a second straight weekly loss, mainly dragged by weak corporate earnings and increase in bad loans at state-owned banks.

Below-expected quarterly numbers were largely responsible for poor show this week. The PSU bank numbers raised concerns over their asset quality. Tata Motors’ results also failed to meet expectations.

Going ahead, markets will focus on the outcome of the Delhi Assembly elections, remaining quarterly numbers and the Budget. A growth-oriented Budget with structural reforms will lead to further re-rating of the markets. However, any disappointment in the Budget will be a negative for the markets.

Power stocks also saw a sell-off on Delhi elections worries. The Aam Aadmi Party (AAP), considered to be the front-runner, has promised cut in rates and to audits power companies.


Most opinion polls peg Arvind Kejriwal-led AAP to win the Delhi elections. If the opinion polls turn out to be true the market could come under further selling pressure.

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

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

As we posted on Last weekly Review about Nifty Daily - More downside left from 8809. See what happened ??

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

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

An Interim Support may help the BULL, But if breaks the Support again, Price may drift heavily. Lets see whats are the chances left in Hourly chart also.

>>> Nifty Hourly - As Posted Last Weekly Review <<<

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

Yes, We had our Short on Nifty - As the Price broken the channel - See what happened and what's Next !!!

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

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

Price may get support @ 8616 or 50% Golden Retrace @ 8616. If breaks 8616 then price may test the second support @ 8527. Should watch RSI also, if helps the bull, then a fast rebound possible.

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

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

Bank Nifty - As posted on Last Weekly Review - Price fell down from 19844 to 18786. Now lets see what's Next ?.

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

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

Price may get an interim support as shown on above chart. Lets see in detail on Hourly Chart too.

>>> Bank Nifty Hourly <<<

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

Price falling as 1-5, almost nearing to end its 5th wave fall. Its very clear that bear getting weak on the 5th wave fall. When the price fell down from 19991 to 18818 - RSI not supporting or falling along with Price. As per EW Price may get its support at the end of 5th wave @ 18650. In such a case - expect a speedy pull back.

>>> Blockbuster Stock's - Charts of the Week <<<

>>> CANBK - As posted on 22nd Jan, 2015 <<<

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

Wrote to Sell CanBk - As the formation was a Bearish Raising Wedge.

>>> CANBK - As Posted Last Weekly Review <<<

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

Yes, We wrote on Last Weekly Review also - Canbk to Short Sell on every rise. See what happened ??

>>> CanBk - Happened <<<

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

Patience Paid. Yes, Price broken down from the raising wedge and Our Short on CanBk gave us a Profit of Rs.26000/-.

>>> ASHOKLEY - As Posted on 29th Jan, 2015 <<<

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

On 29th Jan, 2015 - We updated with a Ashok Leyland Chart for Short Selling. We had our short from 69 Onwards. See what happened.

>>> ASHOKLEY - Happened as on 04th Feb, 2015 <<<

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

Ashok Leyland - Short call fetched us Rs.48000 Profit.

>>> YESBANK - As Posted Last Weekly Review <<<

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

Mentioned on chart, UPmove ended as 1-5 and we shorted @ 880 (wrongly quoted as 885 on chart).

>>> YESBANK - Happened as on 03rd Feb, 2015 <<<

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

Price hit our First Target 800, Yes Bank gave us a Profit of Rs.40,000 on the first Target.

>>> TATAMOTORS - As Posted on 04th Feb, 2015 <<<

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

Wrote on 04th Feb, 2015, that we are short on Tata Motors from 610 onwards. See what Happened ?.

>>> TATAMOTORS - Happened <<<

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

After the Poor Results, Price made a gap down opening and we hit our First Target and made a profit of Rs.30,000/-

>>> GRASIM <<<

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

Yes - We initiated Short on Grasim at 3900. On Friday, Price broken below 3800 - looks like a Head and Shoulder Break down. We had our Part Booking of Rs.12500. More fall expected Next Week.

>>> PERFORMANCE - As on 06th Feb, 2015 <<<

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

For details of our Service - Send email us to niftyforall@yahoo.com. Cheers!!!