Saturday, January 30, 2016

Weekly Review - 01.02.2016

Dear All,

>>> Last Week Happened <<<

Positive cues from the global front such as bounce back of crude and Bank of Japan’s decision to keep the interest rates negative also supported the markets on friday - for a good come back rally.

In the first nine months of 2015-16 (April-December), the Centre’s fiscal deficit touched touched Rs 4.9 lakh crore, or 87.9 per cent of the Rs 5.5 lakh crore estimated in the Union Budget, as per the official data released on Friday.

Meanwhile, China's central bank, the People's Bank of China annouced a infusion of 440 billion yuan through open market operations to cater to the demand for funds ahead of the lunar year holiday.

The US Federal Reserve at its two-day policy meet kept interest rates unchanged citing growth concerns and said that it was "closely monitoring" global economic and financial developments.

>>> Week Ahead <<<

Market partcipants will be eagerly awaiting the Reserve Bank of India's first monetary policy review in 2016 at its meeting scheduled on Tuesday, February 02, 2016.

Auto stocks will be in focus as they would start releasing sales numbers for the month of January 2016.

The next week will be data heavy as we will have automobile sales numbers, PMI data and the Reserve Bank governor taking a decision on rates. This is the last meeting of the RBI before the budget and with the clean-up by banks as desired by RBI and government fiscal deficit being under control the RBI governor could cut rates by 25 bps. Markets to continue the momentum of the week with any rate action by the RBI governor acting as fuel to the fire. Auto stocks should be in focus with sales numbers as should budget beneficiaries

Further, manufacturing and services PMI data for January from Nikkei India will also be closely watched.

Last weekly Review - we have mentioned clearly that - Nifty chart on break out mode - as expected - after some consolidation - price rallied on friday. We expect price to continue moving upper side next week also. Lets go to technicals.


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

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

Last Weekly review - wrote as - Bullish Dragon fly doji on chart. Recovery on the way. See what happened.

>>> Nifty Weekly Chart - Happened <<<

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

Its a Bullish candle followed by a Dragon fly doji, Price made a high of 7575 last friday, Shows bulls are gaining strength.

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

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

Wrote last weekly review - On Daily chart - Price made a false break down. Expect a fast recovery soon. See what happened.

>>> Nifty Daily Chart - Happened <<<

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

Price made a 3 days consolidation and zoomed on friday, shows - more rally coming soon.

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

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

It was a Bullish Wolf Wave - as posted last weekly review. See what happened.

>>> Nifty Hourly Chart - Happened <<<

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

Price broken previous low 7555 as shown on chart - If holds, can move till 7715. We are highly bullish with wolf wave pattern, as posted last weeklky review. We are Holding long for a big target.

>>> Bank Nifty Daily Chart <<<

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

Price need to cross the trend line - and flow of results from leading bank stocks may decide the trend. Though if price manage to cross the trend line - Fresh rally and short covering possible any time.

>>> Bank Nifty Hourly Chart <<<

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

After some consolidation on hourly chart - last week - Price made an one more attempt to come back and managed to close above 50 & 100 HMA. If price remains above 50 & 100 HMA next week, Expect more recovery and rally.

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

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

send you queries to niftyforall@yahoo.com or whatsapp @ 967724975

Thursday, January 28, 2016

Expiry Done...!!! Whats Next

Dear All,

>>> Nifty Daily Chart <<<

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

Expiry done. Trend line resisting still. Bullish Inverted hammer. So lets wait for tomorrow's week end closing to get clarity.

Wednesday, January 27, 2016

Resistance @ 7480 & 7500

Dear All,

>>> Nifty Hourly Chart <<<

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

7480 & 7500 acts as a key resistance on chart. Again resisted at the trend line as shown on above chart.

>>> Bank Nifty Daily Chart <<<

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

Same like nifty - Bank Nifty too resisted at the trend line. Lets Wait and See - On Expiry Day.

Monday, January 25, 2016

Key Resistance @ 7480 & 7500

Dear All,

>>> Nifty Hourly Chart <<<

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

Resisted at the trend line, must cross above for a healthy rally.

Saturday, January 23, 2016

Weekly Review - 25.01.2016

Dear All,


Indian equity markets are likely to be volatile ahead of the expiry of January 2015 derivative contracts while the next batch of third quarter earnings from large corporates will also dictate the trend.

However, global markets rebounded later during the week when European Central Bank Chief Mario Draghi hinted at injection of stimulus into the European economy and oil prices staged a recovery.

On the global front, the forthcoming two-day policy meeting of the US Federal Reserve starting January 26 will be something which will be tracked by market participants across the globe. The meeting of Bank of Japan will also be tracked by investors across global markets.

Last week global markets bounced back after European Central Bank (ECB) President Mario Draghi signalled the prospects of further monetary stimulus for the euro zone economy. The ECB left key interest rates unchanged after a monetary policy review.

The US Fed is also likely to keep interest rates unchanged largely on concerns around a slowdown in the global economy, China jitters and a relentless fall in crude oil prices throughout last week.

"Markets would also keep a close vigil on the two-day monetary policy meeting of Bank of Japan that will end on January 29, in which it is expected that add more to quantitative easing," the report said.

Foreign institutional investors (FIIs) largely remained on the sell side of Indian equities. They sold close to Rs 6,500 crore worth of stocks last week.


Rupee Falling in line with the local stock markets, the Indian currency also suffered losses. The Indian rupee during the week breached the 68-mark against the American currency for the first time since September 4, 2013. The fall in the rupee is attributed mainly to devaluation of Chinese Yuan, relentless drop in the oil prices, and the outflow of capital by the Foreign Institutional Investor.

During the week, the crude oil prices crashed below $27/barrel, lowest since 2003 on persistent worries of slowing demand. Further, the addition of Iranian oil after its international sanctions were lifted over the weekend added woes to the supply glut. However, crude oil prices staged a recovery later in the week with both the Nymex and Brent crude quoting above $30 a barrel as severe cold weather conditions in the US and Europe boosted demand.

Prominent companies from the Sensex pack such as HDFC twins, Maruti Suzuki, ICICI Bank, Bharti Airtel, NTPC, and L&T will announce their December quarter results during the week.


>>> Nifty Weekly Chart <<<

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

Bullish Dragon Fly Doji - Shows - More Recovery on Next Week Also.

>>> Nifty Daily Chart <<<

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

Daily Chart - Shows a False Break Out - Means many traders might have Hit SL or might have wrongly entered a Short Positions. We advice them caution, as Bulls may trap them Next Week.

>>> Nifty Hourly Chart <<<

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

Yes - We have mentioned on our previous updates also - We are long on Nifty. Just Hold it for a good Rally as per target.

>>> Bank Nifty Daily <<<

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

Bank Nifty Completed Wave C, Extended till 161.8% of Wave A. If the above chart and counts are not wrong - get ready for a rally. We are long in Bank Nifty also.

>>> Bank Nifty Hourly Chart <<<

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

Hourly Chart on a clear break out from Falling Wedge. Cross above 50 HMA may trigger more rally till 100 HMA also. Hold Long and Enjoy the rally.

>>> AXISBANK Daily - Posted 19th Jan, 2016 <<<

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

Posted on 19th Jan, WE are long in Axis Bank. You all know what happened Friday, Stock Rallied heavily after Quarterly Result. So what's Next.

>>> AXISBANK - Whats Next ??? <<<

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

Clear Break on RSI - If holds, More Rally above the trend line on price chart also. We are long from 390 with almost a profit of Rs.35000/-

>>> ADANIENT - Posted on 20th Jan, 2016 <<<

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

Wrote we are long in ADANIENT - Mentioned - an Expanding Triangle - may give support for price.

>>> ADANIENT - Hold Long <<<

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

Price started moving from the channel support. Hold you long for more rally.


Write to us on niftyforall@yahoo.com for details of our service and whatsapp @ 9677924975

Thursday, January 21, 2016

More Consolidation Ahead !!!

Dear All,

>>> Nifty Hourly Chart <<<

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

its a Falling Wedge and Price failed to give a break out today. So, can expect some more consolidation before breaking out, may move along with the world market. Lets wait and watch, Have Patience.

>>> AXIS BANK - Follow Up - Hold Long <<<

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

Profit So far 20,000/- and Holding Long still for the first Target.

Wednesday, January 20, 2016

Where is the Bull ??? Still Alive or Dead ???

Dear All,

>>> NIFTY DAILY CHART <<<

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

7190,7220 or 7240 acts a good support. Wave C kept extending and blood bath continuing on the street. Lets wait.

>>> AXIS BANK - Follow Up <<<

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

Holding Long in Axis. Above 50 HMA - One side rally possible.

>>> ADANIENT - Hourly Chart <<<

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

Long in AdaniEnt also. Expanding Triangle - If holds the bottom of the channel - Expect a good Bounce. Cheers!!!

Tuesday, January 19, 2016

7350-60 Should Hold for a Good Rally ?!?!?!

Dear All,

>>> NIFTY DAILY - Posted Yesterday <<<

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

Posted Yesterday that Nifty might have bottomed out. See what happened today.

>>> NIFTY DAILY - Happened <<<

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

Price jumped form the Channel Support, Need hold the support 7350-60 for a good rally. We are long since yesterday.

>>> AXISBANK - Daily Chart <<<

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

Yes - We are long in Axis Bank - Price completed last leg of fall as 1-5. More Short Covering and Rally possible. We are long in Axis Bank also for a good Profit. Cheers!!!

Monday, January 18, 2016

Where is the Bottom ???

Dear All,

>>> NIFTY DAILY CHART - POSTED ON WEEKLY REVIEW <<<

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

Wrote on weekly Review - Price must test and hold the Channel support as shown on chart. See what happened today.


>>> NIFTY DAILY CHART <<<

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

As expected Price test the channel support, Given Support must hold for a Good Bounce, Else fall to continue. Cheers!!!

Saturday, January 16, 2016

Weekly Review - 18.01.2016

Dear All,

>>> NIFTY DAILY CHART <<<

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

Nifty may take support on or near the channel as shown on chart.

>>> BANK NIFTY DAILY CHART <<<

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

Key Support 15150 must hold.

>>> HINDALCO - Posted Last Weekly Review <<<

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

We have advised Last week about Hindalco for any upmove and holding long also.

>>> HINDALCO - Exited With Loss <<<

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

Booked Loss below 73 and Exited.

>>> SKSMICRO - Posted Last Weekly Review <<<

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

We have advised a Sell to our clients on SKSMicro.

>>> SKSMICRO - Booked Profit <<<

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

Have Booked Profit of Rs.35000/-

>>> BHARATFORG - Posed on 13th Jan, 2016 <<<

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

Have advised a long on Bharath Forge.

>>> BHARATFORG - Hold <<<

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

Hold till 780-783 as a Support.

>>> Performance till 15th Jan, 2016 <<<

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

Please send email to niftyforall@yahoo.com or whatsapp @ 9677924975 for details of our service.

Thursday, January 14, 2016

7490 Holding and Still Nifty Looks Week

Dear All,

It was really a Death Drive on Market for past 4 Days. No respect for Support & Resistance. Market continue to trade with High voltage of Volatile. Drastic Movements on stocks also continuing. It is better to take a informed decision to protect your capital. Global Market continue to shed blood along with Big Fatty Dragon China.

Chart formation on Global Market also looks dangerous, Shows that we must live with these kind of volatile in coming days also. In Such case, trading may become a Sky Dive.

When Nifty was trading near 7950 - We have warned all our readers about the danger of a Fast Correction. But when the Price continues to trade below 7550 or 7490 - We have exited our Longs with Loss. Have kept warning our clients - not to over trade or enter Index when there was a hasty upmove.

So many questions asked about - what do N4A thinks about market. We hope the situation is not comfortable for either short or long, as we are seeing a 100 to 150 points roller coaster every day. Unless the price comes near some important support with minimum risk, there is no meaning in entering the index trading.

Today I have given Reliance Chart - Which we have shorted also, we are bearish and holding short for a Good Fall. Actually all the channels and medias are giving a Buy call and the stocks continues to move higher after the news of JIO launch. But I strongly believe that the Price had reached an important resistance, if unable to cross, stock may witness heavy fall. ( Please refer the chart given below ). In such a case, Nifty may come under pressure also, No doubt about it. So lets wait for Tomorrow's closing (weekend) to come to a conclusion. Lets also see in detail about the possibilities left in coming days on our Weekly Review.

>>> NIFTY HOURLY CHART <<<

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

Looks like a false break out today. If so, expect one more fall tomorrow also.

>>> RELIANCE - HOURLY CHART <<<

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

We have shorted Reliance and holding for a good fall. As per above chart, If channel and analysis is not wrong, expect a good fall. Else of Price moves above the given Channel - Rally and short covering possible. Lets See. Cheers!!!

Wednesday, January 13, 2016

Panic & Recovery. Still above 7490.

Dear All,

>>> Nifty Hourly Chart <<<

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

Really a Panic fall below our Important support levels 7490 & 7460, We have exited our Positions. Recovery from the second half of trading gave a bullish Dragon fly doji. Lets wait and watch for more confirmation to enter again.

>>> SKSMICRO - Posted on 08th Jan, 2016 <<<

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

Wrote - SKSMicro may resist near the channel and may fall. We have shorted also.

>>> SKSMICRO - Booked Profit <<<

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

We have booked a good Profit of Rs.35000/- today. We expect more such fall on this stocks in coming days also.

>>> BHARATFORG - Hourly Chart - We are Long <<<

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

We are long in Bharat Forge - Looking for a Good Rally also. Cheers!!!