Weekly Review - 02nd Monday, 2017

Dear All,

Wish you All a Very Happy & Profitable New Year 2017.

Whatsapp at 9677924975 - Yearly Offer - Only till 05th Jan, 2017.

>>> Key Announcement on New Year Speech by Modi <<<

Prime Minister Narendra Modi on Saturday announced several measures for senior citizens, farmers, pregnant women, the MSME sector and home buyers. In his address to the nation on the New Year's Eve, Modi thanked people for enduring the ‘pain’ caused after the government's November 8 decision to demonetise Rs 500 and Rs 1,000 currency notes. The Reserve Bank of India (RBI) had on Friday increased the daily withdrawal limit from ATMs to Rs 4,500 from Rs 2,500 per card per day. This will be effective from January 1, 2017. The weekly withdrawal limit (Rs 24,000), however, remains unchanged. RBI said disbursals would be mostly in Rs 500 notes.

Here are 10 important takeaways from Prime Minister Narendra Modi's address to the nation on the New Year's Eve:

1. The government will bear 60 days' interest on select farm loans.
 
2. In 2017, the government is bringing new housing schemes. a) On home loans of up to Rs 9 lakh, for poor and middle class people will get 4% exemption on interest; b) on loans of up to Rs 12 lakh, the exemption will be 3%
 
3. PM announced schemes for women: Rs 6,000 assistance for pregnant women.
 
4. "I am overwhelmed by the public support after demonetisation," said Modi.
 
5. Modi says honest taxpayers will get benefit.
 
6. Thirty million kisaan credit cards will be converted into RuPay cards, said the PM.
 
7. 33% more homes would be build in rural areas under the Pradhan Mantri Awas Yojana. 
 
8. The credit guarantee of MSME will be increased to Rs 2 crore from Rs 1 crore.
 
9. The government will guarantee loans up to Rs 2 crore for small traders.
 
10. For senior citizens, 8% interest on deposits of up to Rs 7.5 lakh for 10 years. 


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

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

Wrote Last week - Wave C Upside Pending - Will be confirmed after Monday Move. As expected Buy Triggered on Monday and We went Long also. See what happened.

>>> Nifty Daily Chart - Happened <<<

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

Today we have booked Profit 230 - 240 Points.

>>> Nifty Hourly Chart <<<

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Price gave a good break out - shows more upside possible.

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

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

Posted Last weekly review - Downside almost ended as W-X-Y wave - See what Happened.

>>> Bank Nifty - Happened <<<

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

Booked 350 Points Profit.

>>> MCDOWELL-N - Posted on 27th Dec, 2016 <<<

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

Posted on 27th Dec, for a good Rally till top of the channel. See what Happened.

>>> MCDOWELL-N - Booked Profit Rs.22500/- <<<

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

Profit Booked Rs.22500/-

>>> Asian Paints - Break Out - We are Long <<<

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

We are Long, Price on Break Out.

Wish you all our Clients & Reader - A very happy & Profitable New Year 2017 - Lets all make it a fantastic New Year 2017. For New Year Offer - Contact us on email @ niftyforall@yahoo.com or whatsapp @ 9677924975 - Valild only till 05th Jan, 2017.

Next Resistance @ 8150 & 8230

Dear All,

>>> Nifty Hourly Chart <<<

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

Price crossed key resistance @ 8100, may test next resistance @ 8150 & 8230.

>>> MCDOWELL-N - Hourly - Posed on 27th Dec, 2016 <<<

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

Wrote on 27th Dec, 2016 - Price ready for rally. See what happened.

>>> MCDOWELL-N - More Rally Possible till Channel Top <<<

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

More Rally Possible till the channel Top.

>>> Asian Paints - Hourly Chart - Ready for Break Out <<<

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

Looking for a Break out cum rally, We are long. Cheers!!!

Expiry Day - Support @ 8020 - 8000 & 7980

Dear All,

>>> Nifty 5 Min Chart <<<

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

Expect voaltile on Expiry Day. Support @ 8020 - 8000 - 7980.

Next Resistance @ 8050-60

Dear All,

>>> Nifty Hourly Chart <<<

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

Price must cross above 8050 - 8060 for a good rally. We are long since 7940 and Holding for More rally.

>>> MCDOWELL-N - Hourly Chart <<<

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

We are long in McDowell and Holding for a Rally. Price must the Support line as shown on above chart. Cheers!!!

Key Support @ 7900 & 7840-45

Dear All,

>>> Nifty Hourly Chart <<<

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

7900 & 7840 - Support. Lets See.

Weekly Review 26th, December 2016

Dear All,

"Those who failed to take the decision have pushed the country to grave peril -- I have saved the country, as I had promised to do," Modi Said on a Public Rally.

The Modi government is likely to press ahead with its anti-black money drive in 2017 too, with the focus shifting to benami property. Saturday he also hinted at increasing taxes on capital markets, adding that his government would not hesitate from taking tough decisions such as demonetisation. “Those who profit from financial markets must make a fair contribution to nation-building through taxes. For various reasons, the contribution of tax from those who make money on the markets has been low,” said Modi during his speech at an event organised by capital market regulator Securities and Exchange Board of India (Sebi).

“Earlier, there was a feeling that some investors were getting an unfair deal by using certain tax treaties. As you know, those treaties have been amended by this government. Now it is time to re-think and come up with a good design which is simple and transparent, but also fair and progressive,” the PM said.

FII's certainly don't like these kinds of Uncertainty - Hence forth - No wonder they are pulling back. It was certainly a year of unexpected events, Brexit and Trump win were low probability events. Demonetisation, though, was totally unexpected.

The majority of these unforeseen events were bunched in the second half of the year. In the first half, investors’ sentiment was still upbeat. A normal monsoon after two years of drought, and the implementation of the Seventh Pay Commission were widely expected to boost consumer demand, especially in rural India. The consensus earnings per share (EPS) estimates for Sensex companies for fiscal 2017 were at their highest on 4 May at Rs1,659.21, according to Bloomberg data.

While the long-term impact of demonetisation is unclear, economists and investors agree the economy will take a hit in the short run. The much-awaited earnings recovery, which was on the horizon, now looks at least two quarters away.

The consensus EPS estimate of BSE’s 30-share Sensex is now at Rs1,455.47, a 10.47% decline from Rs1,625.21 at the start of fiscal 2017, according to Bloomberg. Firm commodity prices, particularly crude oil, is also likely to erode profit margins. This may not have been accounted for by analysts in earnings estimates.


>>> Nifty Weekly Chart <<<

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

Just a simple analysis by a Trend line - Price and RSI breaking the trend line.

>>> Nifty Daily Chart <<<

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Price action from next trading days may give a clear picture.

>>> Nifty Hourly Chart <<<

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Its a Perfect 1-5 downside and test the channel bottom - as far as the channel support holds - I expect a pull back.

>>> Bank Nifty Weekly Chart <<<

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

Its simple - Price test 38.2% retrace. 100 WMA may give support.

>>> Bank Nifty Daily Chart <<<

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

Hope a three wave down is completed at present.

>>> Performance for the month end of Dec, 2016 <<<

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

Above performance is not a Promise or guarantee for the given Profits or Loss.Performance given based on 1 lot at a time and clients Profit differ as per the margin availability and Number of Lots taken by them. We may or may not re-enter the Calls given here hit Stop Loss, as per market movement. The charts given above are just for educational purpose only and we don't recommend any Entry / Buy or Exit / Sell. Reader must taken their own decision or consult their qualified Analyst before making any decision

Next Support @ 7950-60 & 7920

Dear All,

>>> Nifty Hourly Chart <<<

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

Price corrected its maximum of 161.8% for Wave C to. Hence 7950-60 must hold.

>>> Axis Bank - Hourly Chart <<<

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Entered long near the base line and expecting a pull back soon. Cheers!!!

Lets Wait and Watch 8030

Dear All,

>>> Nifty Hourly Chart <<<

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

Its a painful December so far - Either Side Traders have lost their money - Lot of confusions and Daily Changing Policies of RBI - Panic Statement of some Economist on TV Channel - almost made the Entire trading community to slip till the edge of Chaos. So far no light at this tunnel.

Its a Duty of an Analyst to clarify atleast to some extend by his chart to show how and where the market is hedging. So tried a bit to clarify to our reader - as per above given Chart. So tomorrow - If 8030 holds at the end of the day - Lets expect a pull back soon. Cheers!!!

Below 8080 may test 8030

Dear All,

>>> Nifty Hourly Chart <<<

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

Must hold 8080, else next support may be 8030. Price need to break above the wedge for a healthy rally.

Support @ 8080 & 8030

Dear All,

>>> Nifty Hourly Chart <<<

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

Every candle bar shows the choppiness and Pain which pull down Volatility index below 15 in favour of Option Writers. Current fall assumed as wave B - Looks like an Falling Wedge may get support @ 8080 or 8030.

Weekly Review - 19th December, 2016

Dear All,

In a unanimous decision, the Federal Open Market Committee (FOMC) raised the target federal funds rate by 25 basis points to between 0.50% and 0.75% and signalled a faster pace of increases in 2017 and 2018, heightening fears that higher interest rates in US would trigger foreign investment outflows from emerging markets including India towards the US.

The wholesale price index (WPI)-based inflation fell to a five-month low of 3.15% in November from 3.39% in the previous month, while the Consumer Price Index (CPI)-based inflation fell to 3.63% in November — a record low in the new series — from 4.2% in October as the rate of rise in food prices were dampened by the cash crunch following the demonetisation of high-value currency notes from November 8 onwards.

The next week will start with yearly deposit growth data along with foreign reserves data, followed by bank loan growth. Globally, the data like US existing home sales and crude oil inventories will remain in focus.

Meanwhile, foreign investors sold over Rs 1280 crore worth of equities in four days to Thursday, data available with National Securities Depository suggested. On Friday, they sold equities worth Rs 90 crore, provisional data available with the BSE showed.


>>> Nifty Weekly Chart <<<

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

Since we have posted a Bullish candle stick formation for last 2 weeks - We need to analyse last formation also. Its an inside candle - Usually an inside Red candle shall be considered negative of the upper side of the chart - Since its formed on the lower side - a chance of 50:50 can be taken. Candle formed between 100 & 50 WMA should be watched. Break above or below may be an trigger for either side.

>>> Nifty Daily Chart <<<

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

Its a painful consolidation week and many traders lost their patience also. Received many suggestion and Target from many traders, even criticism for my bullish view. Even a Negative stance taken by RBI and FED did not trigger a major sell off both times. Means the markets in the hands of Option Writers. A complicated wave move with lot of extensions and changing sub waves keeps changing their respective supports. So far my chart did not suggest a major sell off immediately. Above Pole and flag formation also showing an upmove.

>>> Nifty Hourly Chart <<<

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

Its an Irregular ABC - Hence the probability of B can be till 8080 or 8030 on the downside. Complexity of Wave B movement - give more choppy and pain. So lets wait for Wave B to get complete.

>>> Bank Nifty Daily Chart <<<

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

Lot of Bad News - Expectations - Restless Comments - Ruthless Targets - Bank Nifty Chart - Must be a Most Debated and Argued Chart in recent time I hope. Demonetisation = RBI Disappointment - FED Rate Hike - IT & ED Raids on All Pvt and PSU Banks - All News are factored in the above Chart.
So I feel the above chart - may trigger a rally till 18960 & 19270 till it take the recent low. Hope the W-X-Y count is almost completed and RSI also showing a lot of Positive divergence - If breaks above the trend line - Bulls may gain strength.

>>> CNX - IT - 400 Point Profit and Still Moving UP <<<

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

More rally above 10300.

>>> Oriental Bank Of Commerce - Hourly Chart <<<

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We are Holding Long in OBC and if the Support holds as shown on above chart - Expect a rally soon.

>>> ACC - Possible Rally Soon <<<

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Support Line - Must hold for a Good Rally till the top of the channel - We are long and expecting a Rally. Cheers!!!

>>> Performance till 16th Dec, 2016 <<<

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

Above performance is not a Promise or guarantee for the given Profits or Loss.Performance given based on 1 lot at a time and clients Profit differ as per the margin availability and Number of Lots taken by them. We may or may not re-enter the Calls given here hit Stop Loss, as per market movement. The charts given above are just for educational purpose only and we don't recommend any Entry / Buy or Exit / Sell. Reader must taken their own decision or consult their qualified Analyst before making any decision

>>> N4A - Services <<<

Send your Service related queries to niftyforall@yahoo.com and whatsapp @ 9677924975

Support @ 8080 & 8030

Dear All,

The dollar surged against its peers Thursday and most Asian markets tumbled after the Federal Reserve indicated it will likely embark on a steeper path of interest rate hikes over the next year.While the decision to lift rates had been a certainty, a plan to hike them three times rather than the expected twice jolted trading floors. The news sent the dollar soaring well past 117 yen and its highest level since February, while it also bulldozed other currencies, particularly higher-yielding, riskier, units and those of emerging market nations.

In her post-announcement conference, Yellen said the rise was a reflection of “the confidence we have in the progress that the economy has made and our judgment that progress will continue”.

The US bond yield and the dollar strengthened post the announcement, which is negative for emerging markets, including India, as the risk of outflows goes up. Our indices contained the losses on the back of buying in IT stocks supported by a strong dollar against the rupee. Sentiment took a hit as fears grew that a rate hike in the US would mean higher pace of capital outflows from emerging markets, including India, into US bonds that are considered as a safer investment option.

The Fed's anticipated policy path, and expectations US President-elect Donald Trump will set growth on a higher gear, are keeping Asian policymakers on edge as capital gets sucked out from the fragile export-dependent regional economies toward dollar-based assets

>>> Nifty Hourly Chart <<<

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

Its a complicated move - hence volatile is by its nature. Support like 8110 - 8080 and 8030 must hold for Wave C rally.

>>> Bank Nifty Hourly Chart <<<

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

Price consolidating inside the expanding triangle for many days - though big events like RBI & FEB Can't break above or below the Triangle shows the strength of the Option Writers. So its quite natural - a PUT or Call Buyer might have incurred a Loss so far.

>>> CNX-IT Posted on 13th Dec, 2016 <<<

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

Posted on 13th Dec, 2016 - IT Index on a Break Out. We are Long & See what happened.

>>> CNX - IT - More Rally above 10,300 <<<

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

Above 10300 - More Rally ahead as shown on chart. Cheers!!!

>>> N4A - Services <<<

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