Saturday, November 07, 2015

Weekly Review - 09.11.2015

Dear All,


>>> Week Ahead :- <<<

Ahead of the festival of lights, markets missed out on Diwali dazzle as the uncertainty surrounding two major events Bihar exit poll outcome and Fed comment indicating an interest rate hike marred sentiment.


Bihar Exit Polls - shows Modi's image may be in trouble. Stocks market looks Bihar election as an important trigger, as Modi needs majority to gain from Upper house to pass important bills like GST.

Hence Sunday's results may have an impact on Monday opening.

FED already signalling or promising Rate Hike on december, which may not be an good news for EM's like india.

Results are not Good :-

In the last two weeks, there has been a remarkable divergence in the way the global equity markets have performed and Indian markets. On one hand, the US indices have rallied almost 2-3% while Indian markets have corrected by almost 5%. On the other hand, our markets are nearing their 2015 lows while the US indices are few percentage points away from their lifetime highs. The disappointment in earnings for many key frontline stocks including few private sector banks, muted performance from IT names and lot of earnings miss from midcaps.

The final batch of September quarterly results due next week will be keenly watched by the market participants. Britannia, Sun Pharma, BPCL, HPCL, REC, Hindalco, NMDC, NALCO and Coal India are scheduled to release their Q2 numbers in the coming week.

The government is scheduled to unveil the CPI data for October and the IIP data for September on Thursday, respectively.

More actions left on a Upcoming short week. Lets go to technicals.


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

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

Wrote last weekly review - 50 DMA may support, If not, Fall to continue. See what happened.

>>> Nifty Daily - Happened <<<

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

Broken all supports like, previous low 7995, 50 DMA and trend line. Caution advised.

>>> Nifty Hourly Chart <<<

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

Price made a low of 7927 on friday and maintain above the support, Next week if breaks, then may test 7843.

>>> Bank Nifty Daily Chart <<<

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

Bank Nifty also on 50% Fib Support near 16895, If breaks next support @ 16628.

>>> LICHSGFIN - Profit Booked <<<

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

Profit Booked near First Target as given on chart.

>>> SIEMENS - Profit Booked <<<

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

Profit Booked near First Target @ 1290.

>>> YESBANK - Follow Up - Holding Short <<<

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

Yes Bank - Holding Short, which made a low of 750 on friday.

>>> SBIN - Long <<<

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

Position Open still with SLCTC. Cheers!!!

>>> Performance till 06th Nov, 2015 <<<

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

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