Thursday, March 31, 2016

Peaceful Expiry Near 7760

Dear All,

>>> Nifty Daily Chart <<<

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

A Doji near Key Resistance 7760, Expiry happened Peacefully.

>>> BharatForge - Posted Yesterday <<<

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

Wrote Yesterday about Bharatforge to correct. See what happened today.

>>> BharatForge - Profit Booked <<<

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

Bharat Forge - Booked Profit today @ First Target 268. Cheers!!!

Wednesday, March 30, 2016

Approaching 7760.

Dear All,

>>> Nifty Hourly Chart <<<

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

7760 As wrote many times, approached. WE have booked our long near 7740.

>>> Bharath Forge <<<

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

We have shorted today. Since the Price resisted @ channel top and EW seems to have completed 1-5 upmove, Expecting some correction. Cheers!!!

Tuesday, March 29, 2016

7580 - Still Holding.

Dear All,

>>> Nifty Hourly Chart <<<

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

7580 Still holding as a good support. We Have Long position and waiting for a good upmove.

>>> Apollo Tyre - Hourly Chart <<<

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

WE have shorted Apollo Tyre and holding for a good correction. Cheers!!!

Monday, March 28, 2016

Support @ 7580, Expect a Bounce again.

Dear All,

>>> Nifty Hourly Chart <<<

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

Support @ 7580, Expect a bounce if holds.

>>> CEAT Ltd - As Posted on Weekly Review <<<

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

Posted on weekly review that - We are on Short side for a good correction. See what happened.

>>> CEAT LTD - Profit Booked <<<

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

Booked Profit near 1048. Cheers!!!

Sunday, March 27, 2016

Weekly Review - 28.03.2016

Dear All,

With no immediate trigger for the stock market in the coming week, market participants will watch out for global trends, investment by foreign portfolio investors (FPIs), movement in crude oil price and March F&O expiry to dictate market trend.

The week is likely to remain volatile, as traders would roll over positions in the derivative segment from the near-month series to the April series on or before Thursday, which also happens to be the last trading day of the current financial year.

The market has decisively pierced the stiff resistance at 7,600, but in the absence of any near-term triggers, it is likely to go through consolidation in the coming week. However, hope of a rate cut towards the end of the week could push banking stocks as well as the broader markets higher.

The country’s current account deficit (CAD) narrowed to $7.1 billion (1.3 per cent of gross domestic product) in the quarter ended December 2015, from $7.7 billion (1.5 per cent of GDP) in the year-ago period.

The CAD was also lower than $8.7 billion (1.7 per cent of GDP) recorded in the second quarter ended September 2015.

>>> Nifty Daily Chart <<<

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

A Red Hanging man on daily chart. 7730 not yet cross still. Next Resistance @ 7760.

>>> Nifty Hourly Chart <<<

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

Hourly chart forming a wedge pattern with a key resistance of 7760. Break above that may lead to 7840-44.

>>> Bank Nifty Daily Chart <<<

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

Price resisted @ 100 DMA and channel trend line. Cross above can test 16300+

>>> CEAT LTD - Hourly Chart - We have Shorted Again <<<

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

We are short from 1108. Price almost made a low of 1068.

Tuesday, March 22, 2016

Next Wall of Resistance @ 7758-60

Dear All,

>>> Nifty Hourly Chart - Posted Yesterday <<<

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

Wrote Yeterday - Price should continue towards upside till 7758.

>>> Nifty Hourly Chart - Happened <<<

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

Price almost making a wedge pattern which may move till 7760. Lets wait and See. Cheers!!!

Monday, March 21, 2016

Next Resistance @ 7758-60

Dear All,

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

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

Wrote yesterday - Price may reach two resistance given on chart. See what happened.

>>> Nifty Hourly Chart - Happened <<<

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

Price crossed the first resistance and looking for the second near 7758-60

>>> DRREDDY - Hourly Chart <<<

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

We are long since 3140. Price made a high of 3199 and closed @ 3180. Hope Price will break the channel and rally. Cheers!!!

Sunday, March 20, 2016

Weekly Review - 21st March, 2016

Dear All,

The market is heading for a truncated week as both NSE and BSE will remain closed for trading on Thursday on account of Holi and on Friday for Good Friday.

The next major trigger for the Indian market would be Match quarter results from India Inc as well as a rate cut by the Reserve Bank of India (RBI). The Q4 results season will start from the second week of April.

In the meantime, market direction will depend on global market trend, investment by foreign portfolio investors (FPIs) and movement of crude oil prices.

Domestic institutional investors (DIIs) pulled out more than Rs 6,500 crore from domestic equities over the past 11 sessions while FIIs pumped in close to Rs 11,933 crore in the past 11 sessions since the Union Budget.


>>> Nifty Weekly Chart <<<

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

RSI on a break out mode on Weekly chart. Moving Averages made a Bearish cross over. Price closed above 7580. We advice to stay cautious on Short Selling.

>>> Nifty Daily Chart <<<

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

Wave (x) seems to be extending further. Above 7580 or 7620 rally can be extended still 7760.

>>> Nifty Hourly Chart <<<

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

Price took support @ 7406 and bounced as sub wave (iv) - an irregular abc.

>>> Bank Nifty Weekly Chart <<<

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

Like Nifty - Bank Nifty also made a Weekly Break out on chart. Lot of news around the media. Price ignored all factors and confirmed a break out on chart.If Price breaks above 15775 may see a rally till 16306.

>>> Bank Nifty Daily Chart <<<

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


Above chart shows how 15760-775 looks important. A Cross above 15775 may see a rally till Next Resistance as shown on chart.

>>> Bank Nifty Hourly Chart <<<

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

Last Friday rally looks tiered. I assume that it may an irregular abc, hence price may possibly correct till the lower end of the expanding triangle. Above 15775 - current marking or consolidation goes invalid and rally may continue.

>>> Apollo Tyre - As Posted Last Weekly Review <<<

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

wrote last weekly review - have entered Short for the third time in a row. See what happened.

>>> Apollo Tyre - Hit SL and Exited with Loss <<<

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

A sudden jump in index and stocks on later part of the trading on friday - crossed key resistance 175 and hit SL. We have managed to exit with a loss near 177. Will Enter again or not depending on next week move. We have no Open Position now on the mentioned stock.

>>> CEAT LTD - As Posted on Last Weekly Review <<<

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

Last Weekly review - mentioned - Have made some profit on CEAT LTD and may re-enter. See what happened.

>>> CEAT LTD - SL hit and Exited with Loss <<<

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

Hit Stop Loss above 1121 and Exited with Loss. Price trading above the Upper Trend line.

>>> TataMotors - As Posted on 16th March, 2016 <<<<

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

We continue to Hold short till it holds below Resistance 370.

>>> Performance till 18th March, 2016 <<<

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

For details of our service - send email to niftyforall@yahoo.com or whatsapp @ 9677924975


Thursday, March 17, 2016

7580 - The Wall is Strong Enough to Stop the Bulls.

Dear All,

>>> Nifty Hourly Chart <<<

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

Price once again resisted at 7580. Yesterday it was 7406 supported and today again resisted @ 7580. Price must break either side for confirmation and move. 7406, 7350 and 7250 act as a good support. Lets wait and see how week end trades for more clarity !!!

Wednesday, March 16, 2016

Support Taken @ 7406. Next Resistance @ 7525

Dear All,

>>> Nifty Hourly Chart <<<

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

As given Yesterday Price got support @ 7406 and bounced back to test the channel as shown on chart. Now 7525 act as a stiff resistance.

>>> Tata Motors - as Posted Yesterday <<<

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

Wrote Yesterday - Tata Motor to correct. See what happened today.

>>> Tata Motors - Happened <<<

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

Have booked some profit near 153. Re-entered again at higher rate. Lets wait and see. Cheers!!!

Tuesday, March 15, 2016

Support @ 7424 & 7406

Dear All,

>>> Nifty Daily Chart <<<

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

As mentioned Yesterday - Price not able to cross above 7580. If given support 7424 and 7406 not able to hold, fall to continue. Fed Policy meeting may also have larger impact on Index. Stay caution.

>>> Tata Motors - Free Call Given <<<

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

Wave C retraced almost 127.2% of Wave A. Price hit the key resistance 368-70 and started falling. Next Support @ 359 if breaks - More fall ahead. Cheers!!!

Monday, March 14, 2016

7580 Resistace - Caution Advised

Dear All,

>>> Nifty Daily Chart <<<

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

Doji near Trend line. Price tested 7580 and started moving down. If 7580 not crossed, selling not ruled out. Stay Caution.

Saturday, March 12, 2016

Weekly Review - 14th March, 2016

Dear All,


Foreign institutional investors (FIIs) have taken a big plunge after a long time by making heavy purchases. Since the Union Budget, they have purchased stocks in the upwards of Rs 8,500 crore.

The rupee too appreciated to everyone's surprise; however, the strength vindicates the robust fundamentals of the Indian economy. Even RBI is expected to throw its weight behind accelerating the growth of the country by reducing the cost of fund in the economy.

The combined steroids in the form of policy initiatives, lower commodity prices, currency appreciation and the expected reduction in interest rates would be a formidable force to race ahead, despite the not-so-rosy business dynamics across the globe.

The velocity of the upward move has slowed down, indicating that the corrective phase of the market can begin soon. Stocks in the realty, metals and infrastructure sectors are having some traction and will remain volatile for some more time.

The announcement of threshold import price for the steel for six months is attracting the bulls to the metals counter. The threat of cheap Chinese imports is taken care of at least for a while.

The ease of doing business in the oil and gas sector by giving companies pricing freedom will go a long way in the exploitation of the domestic reserves. Many oil exploration and extraction ancillaries, too, will benefit from the move as a lot of incremental demand from the marginal fields will also emerge.

The mood of the market has clearly changed from utter despair to a state of expectation. The shift in sentiments is visible across industries. The extreme bullish sentiment see in the short term will lead to some amount of correction in the market.


>>> Nifty Weekly Chart <<<

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

Above give chart is Weekly, Most complicated correction, I hope. Since its complicated, my counting errors regretted, I hope the current rise is for wave X, may find its resistance near 7540 or 7580. Please refer daily chart for more details.

>>> Nifty Daily Chart <<<

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

Price on crucial junction. 7540 & 7580 must cross for a rally till next resistance 7760. RSI on the edge of break out. Financial Year End and flow of news from international front may fluctuate price with lot of volatile. Fluctuation on Nifty Futures Premium and Discount may erode Option Premium on both sides. Stay caution on either side is advisable.

>>> Nifty Hourly Chart <<<

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

7540 must cross, else price may get support from the line as shown on chart.

>>> Bank Nifty Daily Chart <<<

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

Last week - Bank Nifty struggling near 15240 and 50DMA. Next Resistance at 15775.

>>> Bank Nifty Hourly Chart <<<

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

If Resisted on trend line as shown on chart, Expect price to correct till support line. Moving Averages in favour of bulls.


>>> Apollo Tyre - Posted on 09th March, 2016 <<<

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

Posted last week - Price facing resistance near 175 and We have entered short on apollo tyre for a correction. See what happened.

>>> Apollo Tyre - Profit Booked <<<

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

Booked one more profit of Rs.15000/- We may or may not re-enter as per next week movement.

>>> CEATLTD - Posted on 10th March, 2016 <<<

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

Wrote about CEATLTD - that Price resisted on the top of the channel. See what happened.

>>> CEATLTD - Happened <<<

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

Price if breaks below 1035-37 can fall more. We have advised small traders to take some profit. Below 1035 more fall ahead.

>>> RELIANCE - As Posted on 03rd March, 2016 <<<

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

Posted last week - Reliance Industries may correct. Though Price managed to rally till 1045.90 and started reversing.

>>> RELIANCE - Happened <<<

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

Yes, We have short Position and if price can't hold 50 HMA - means more fall likely till the next support line.

>>> Performance till 11th March, 2016 <<<

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

Please send email for service queries to niftyforall@yahoo.com or whatsapp @ 9677924975.