Saturday, November 28, 2015

Weekly Review - 30.11.2015

Dear All,


Key Events to decide the trend next week.

1) RBI Meet 2) GDP Data & 3) GST Bill.

1) The Reserve Bank of India (RBI) will go for its fifth bimonthly monetary policy review on Tuesday, December 1. Most analysts expect it to be a non-event, and say the central bank would maintain status quo ahead of the crucial US Federal Reserve meeting mid-December.

2) In macroeconomic data, market participants would watch India's gross domestic product (GDP) data for the September quarter, which will be released on Monday, November 30, 2015.

According to a Reuters poll of 45 economists, economic growth accelerated to 7.3 per cent in the September quarter. The range of forecasts for gross domestic product growth for the latest quarter was between 6.9 per cent and 7.6 per cent, with the median at 7.3 per cent.

3) Investors are hopeful that GST will see the light of the day during the winter session of Parliament as the government is showing its willingness to negotiate

>> International Events <<<

Investors would keep a close vigil on the forthcoming monetary policy meeting of the European Central Bank on December 3.It is widely expected that the European Central Bank would expand its stimulus programme to provide further support and aid the recovery in the euro area.

In mid-December (i.e. on 15th-16th), the US Federal Reserve is scheduled to meet to decide on interest rates, The minutes of the October Federal Reserve meeting hinted at a likely rate hike in December. This reflected confidence in the US economy to sustain a rate hike. A rate hike decision by the US Federal Reserve will provide key triggers for the market.

The movement in the china markets is set to dictate the trend on the bourses after the shares cracked nearly 6% on Friday as the regulator banned some brokerages for infringement of trading rules. Meanwhile, China manufacturing purchasing managers’ index (PMI) data will be released on Monday, 30 November.

Lets See the Technical's ...

>>> Nifty Weekly Chart - Posted Last Weekly Review <<<

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

As posted on Last Weekly Review - Weekly Chart gets support from 100 WMA - Wrote to Stay Long.

>>> Nifty Weekly Chart - Happened <<<

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Almost made a high of 7960. Expect more rally above 7960.

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

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As posted on last weekly review - If 7710 holds, expect a rally. See what happened.

>>> Nifty Daily - Happened <<<

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

As expected Price started Moving up. Expect rally.

>>> Nifty Hourly Chart <<<

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

Price halted near 7960 or 38.2% retrace, cross above may trigger next rally till 8030 or near. We had a long position from 7830, advised to book some profit near 7960.

>>> Bank Nifty Daily Chart <<<

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

Trigger from RBI Next week to run the Bank Nifty. Chart Suggest a rally till 100 DMA - As price closed above 50DMA Last Week.

>>> Bank Nifty Hourly Chart <<<

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

Bullish Cross Over - refers - More rally on card. Above 17480 - More rally possible as mentioned on Daily Chart.

>>> Apollo Tyre - Posted on 16th Nov, 2015 <<<

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

Posted on 16th Nov, 2015. Mentioned We are long, waiting for a rally. See what happened.

>>> Apollo Tyre - Profit Booked <<<

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

Booked full Profit @ 165 with Rs.30,000 Profit.

>>> ADANIPORT - Booked Profit <<<

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Booked Profit @ 278 with Rs.14400/- Profit.

>>> AXISBANK - More Rally on Card - Hold Long <<<

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We have long position in Axis Bank with a Profit of Rs.10,000. More rally on card.

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

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

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