Saturday, February 14, 2015

Weekly Review - 16.02.2015

Dear All,

After poor Q3 results from many companies, SBI made a Better than Expected result on Friday, though raise in NPA boosted sentiment in our Market. After lose in Delhi election, BJP expected to give a reforms oriented budget scheduled on Feb 28th, 2015. Upbeat German data boosted sentiments in European Market also gave strength to the bulls.

The government on Monday estimated India’s economic growth this financial year at 7.4%, against 6.9% in 2013-14, as the country changed its definition of gross domestic product (GDP) and the base year for calculating it.

Consumer Price Index (CPI)-based inflation rose in January compared to December, another set of data showed while the Industrial growth slowed to 1.7 per cent in December from 3.9 per cent in November, owing to low consumer durable goods and mining output. The Reserve Bank of India has set a target of restricting inflation to eight per cent by January 2015 and six per cent in January 2016.

We have covered our Shorts on Nifty and Entered Long on 10th Feb @ 8530 with a big Target. Lets see more about it on technical Charts as follows.

>>> Nifty - Weekly Chart <<<

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

Very Good support given from 15 Week Moving Average to Bulls. A Bullish Candle looks in favour of Bulls in coming weeks also. Short Sellers watch Your Stop loss.

>>> Nifty Daily Chart <<<

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

As shown on above Daily Chart - Price should move towards the upper end of the channel as a Pre-Budget Rally. Probably above 9000+.

>>> Nifty Hourly - As Posted on 12th Feb, 2015 <<<

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

As Posted on 12th Feb, Our Nifty long on first Target.

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

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

Mode a 300 Points Profit so far. Two hurdles for bulls on hourly chart Next Week. 8840 and 8884 may resist.

>>> >>> Block Buster Chart of the Week <<<

>>> Grasim - As Posted on 09th Feb, 2015 <<<

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

Wrote on 09th Feb, We have booked 25K and look for a bounce back to re-enter short. See what happened.

>>> Grasim - As Posted on 12th Feb, 2015 <<<

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

As updated on 12th Feb, We have re-entered short @ 3860 for a sell off agian. Lets Wait and See.

>>> BIOCON <<<

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

We are long since 429 and we still hold for a good upmove. Price if breaks above channel as shown on chart, Expect a big upmove next week. Just buy and enjoy the rally.

>>> Hexaware <<<

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

UPmove competed as 1-5 as shown above. Expect a sell off if the Trend line doesn't crosses.

>>> PERFORMANCE - As On 13th Feb, 2015 <<<

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

You can send us email to niftyforall@yahoo.com for details.