Sunday, July 19, 2015

Weekly Review - 20.07.2015

Dear All,

Nifty and Bank Nifty got their break out above 8561 & 18980 respectively. Last Week's Weekly Bearish Candle Stick on Nifty got negated. Hence look for some more rally on Index next week also. But the structure still looks like an retracement which might be an complex one, hence it looks like an extending nature. So the stocks are not performing and maintaining their choppiness and volatile.Its safe for the aggressive traders and investors to stay on the side line or to stay caution for the time being.

On the international front Greece and Iran Deal almost finalized. China still looks scary. All these factors may impact crude heavily and which might be a positive sign for India.

Monsoon and Results are the domestic triggers. Rupee and crude movement looks very important. Parliament Session - Yet to decide on GST and Land Bill soon. BJP suddenly dipped with Scam news may rock the parliament and govt. may find it difficult to pass any such bills may heavily impact our equity market also.

So lot of Triggers still waiting on the side line. Lets go to technicals.

>>> Nifty Daily Chart <<<

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

Daily Chart suggest 8738.

>>> Nifty Hourly Chart <<<

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

Hourly Chart suggest 8680, 8738 and 8810-15.

>>> Bank Nifty Daily <<<

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

Next Resistance @ 19480.

>>> Bank Nifty Hourly Chart <<<

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

As given on chart.

>>> HINDUNILVR - Posted on 13th July - Weekly Review <<<

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

We had a short on HLL and price fell down to 890 from 912. Had a part profit of Rs.5000 also. See what happened next.

>>> HINDUNILVR - Happened <<<

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

Exited above 933. Still the stock looks bearish, though we have waited too much and exited.

>>> APOLLOHOSP - As Posted on 20th June - Weekly Review <<<

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

Have advised our clients to short Apollo Hospital. See what happened.

>>> APOLLOHOSP - Happened <<<

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

Exited and Booked Loss.

>>> ULTRACEMCO <<<

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

We have position in Ultracemco - Please consult your advisors before taking any position.

>>> Performance - till 17th July, 2015 <<<

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

Please email us on niftyforall@yahoo.com for details of our service.