Saturday, March 28, 2015

Weekly Review - 30.03.2015

Dear All,

It was yet another week of losses as both the benchmarks Sensex and Nifty plunged 2.7-2.8 percent from last week’s closing levels.

Just as market was reconciling to the prospect of a rate hike in the US, air strikes on Yemeni rebels caused crude prices to surge. Investors are worried that continuing strife in the Middle East could push crude oil prices up further.

The coming week is a holiday-shortened one as the market will remain closed on Thursday, 2 April 2015, on account of Mahavir Jayanti and on Friday, 3 April 2015, on account of Good Friday.

Technically, intermediate trend of the Nifty Future in short term is down. However it is expected to see some retracement of the current fall, say experts.

Here are top events which is likely to impact the markets in the coming week:

HSBC India Manufacturing Purchasing Managers' Index (PMI) for March 2015 is due on Thursday, 2 April 2015. Prior to that, the government will unveil Eight Core Infrastructure Industries data for February 2015 on Tuesday, 31 March 2015. And, they'll also unveil fiscal deficit data for February 2015 on the same day, i.e. 31 March 2015.

Lets move on to TA.

>>> Nifty Daily Chart <<<

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

Exactly the Last hope for bulls at 8270. Break below 8270 may see 7826.

>>> Nifty Hourly Chart <<<

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

As per explanations given on chart.

>>> Bank Nifty Daily Chart <<<

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

Pipe formation near the channel shows Bounce ahead.

>>> Bank Nifty Hourly Chart <<<

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

Minor break out see on RSI and If Price continues to do the same, Expect some bounce from here.

>>> ITC <<<

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

Accumulate.

>>> UNION BANK <<<

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

Accumulate.

>>> Performance till 27th March, 2015 <<<

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

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