Tuesday, May 31, 2016

Channel Resistance @ 8200 & 8250 Must give Way for Bulls

Dear All,

>>> Nifty Hourly Chart <<<

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

Channel acting as a Hurdle for bulls. Must cross above for a fresh rally.

>>> Bank Nifty Hourly Chart <<<

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

More rally only above the channel top or 17620. Lets wait and See. Cheers!!!

Monday, May 30, 2016

Resistance @ 8200 & 8250

Dear All,

>>> Nifty Hourly Chart <<<

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

Price must hold above the Channel to continue the rally, must watch 8200 & 8250.


>>> MARUTI - Daily Chart <<<

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

We entered short near 4150. Price almost corrected today till 4054, Expecting such correction to continue. Cheers!!!

Saturday, May 28, 2016

Weekly Review - 30th May, 2016

Dear All,

>>> VALUE OF PATIENCE <<<



Patience - The word give lot of meaning and importance in stock market. If You don't have this Meaningful word Patience with you, then all your skills in stock market becomes Useless.



Dennis Gartman, a successful trader and publisher of The Gartman Letter has this to say about the value of patience: "Proper patience is needed throughout the lifecycle of the trade, at entry, while holding and exit."

A Well know - Experienced Trader or Investor - with lot of Fundamental or Technical Knowledge - may continue to make loss or Miss his Profit - due to his impatience.

There are several reasons for this, but the big one is simple. Most investors are not long-term buy-and-holders. They lack the patience and require the thrill of something more. Either they are convinced of their ability to time the market, which usually leads to dismal returns, or they are emotional pendulums, buying at the top and selling out at the bottom of markets, which always leads to dismal returns.

>> Even a Short Term Swing Trader Need Patience <<<

Shorter term swing traders still have to develop the skills of patience. You may have bought into a stock that has started to trade sideways over a period of a week. It is not making you any money whilst consolidating so you decide to cut and run, only to then witness the stock start to move up nicely over the coming weeks. This type of behaviour is common as swing traders panic out of positions they are in when these are doing nothing. In fact, swing traders can panic out of trades even when they are running well! For instance, you buy a stock and within two days it has moved up by 5%. The temptation to grab those profits will be very high, even though there is no logical reason from looking at the charts to realize your gains.


>>> Patience to be in two forms <<<

Patience comes in two forms; the patience to stay in trades that you are already in, but also the patience not to take up new positions when your entry criteria aren’t fully met. Have you ever taken new trades because you simply wanted to be ‘in’ trades? Having the patience to not trade is just as important as having the patience once you are already in.

So Friends, Learn to live with Patience and Earn Every day. Good Luck.

>>> Nifty Weekly Chart <<<

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

Price took a clear support from the trend line - and zoomed. Now the Key Resistance @ 8240-50 - a Major Hurdle for Bulls.

>>> Nifty Daily Chart <<<

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

After Getting Support @ channel Support @ 7715 - Bulls reacted heavily and zoomed above 7990 - Major Hurdle. We are long from 7815, Booked Profit @ 8050.

>>> Nifty Hourly Chart <<<

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

Hourly Chart - Had a Different Story to Say. Price Resisted @ Channel Top, shows - a Possible Correction.

>>> Bank Nifty Daily <<<

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

Its a Break Out Story again in Bank Nifty also. Above 17495 More rally till 18000+.

>>> Bank Nifty Hourly Chart <<<

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

Earlier this We have booked 500 Points Profit near 17150. As per above chart, Price tested the first Channel and if crosses above may test the next upper channel near 18000+.

>>> SBIN - Profit Booked Rs.20,000/- <<<

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

Earlier we have booked Rs.20k from our long position.

>>> LICHSGFIN - Booked Profit Rs.11000/- <<<

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

Also Booked Profit in LICHSGFIN Rs.11,000/-

>>> UNION BANK - Booked Profit Rs.15000/- <<<

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

Booked Profit Rs.15000/-

>>> Performance till 27th May, 2016 <<<

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

Kindly send email to niftyforall@yahoo.com for details of our service.

Thursday, May 26, 2016

Next Resistance @ 8150 & 8250

Dear All,

>>> Nifty Daily Chart <<<

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

Price finally broken above 7990. We have long from 7815 Average (7890 & 7740) - Booked today @ 8050 with a Profit of Rs.36000/-.

>>> Bank Nifty Hourly Chart <<<

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

Bank Nifty also booked our Long @ 17150, Bot @ 16640 - almost 500 Points Profit. Price closed above 17030 - may face resistance @ 17350 and 17622.

>>> LICHSGFIN - Profit Booked @ Rs.11000/- <<<

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

We have booked our long in LICHSGFIN with 10 Points or Rs.11000/-. Stock shows more momentum, if crosses above the channel - may move further as shown on above chart.

>>> UNIONBANK - Hourly - Holding Long <<<

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

Union Bank - Hourly Shows and Falling Wedge Break Out. We are holding long and holding for a good upmove from here. Cheers!!!

Wednesday, May 25, 2016

Watch 7940 & 7990

Dear All,

>>> Nifty Hourly Chart <<<

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

It was a dazzling rally today. We are long with an average of 7815. Price today made a clear break out as shown on chart. Hence more rally waiting on card.

>>> Bank Nifty Hourly Chart <<<

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

A Clear Break out on Bank Nifty also. We are long since 16640 and waiting for more rally.

>>> SBIN - Posted Yesterday <<<

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

Yesterday said - Price may break out from the wedge.

>>> SBIN - Booked Profit <<<

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

Booked Profit @ 176. Price above 50 HMA - Shows more rally possible. Cheers!!!

Tuesday, May 24, 2016

Support @ 7720, 7680 & 7630.

Dear All,

>>> Nifty Daily Chart <<<

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

7720 or Channel Supported the Price today. Price must hold the channel for upmove. Else Price may fall towards next support like 7680 and 7630.

>>> Bank Nifty Hourly Chart <<<

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

Bank Nifty - Corrected as abc & Got Support @ 16375 - If holds - Expect a good bounce. Else Price may drift below 16185.

>>> SBIN - State Bank of India - Hourly Chart <<<

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

We are long in SBI. Charts looks like a Wedge and if breaks above may give a big short covering and fresh rally. Lets wait and See. Cheers!!!

Monday, May 23, 2016

Support @ 7720 & 7690

Dear All,

>>> Nifty Hourly Chart <<<

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

Falling wave C getting extended till 127.2%. Key support 7720 and 7690 must hold to help Bull. If breaks below the trend line support - counts and analysis becomes invalid. Cheers!!!

Saturday, May 21, 2016

Weekly Review - 23rd May, 2016

Dear All,

Trading is a Money Game or Psychology Game :-


For the last two Plus weeks many might have understood the meaning of the above headlines. Many experienced genius might also confused and made loss in the market. Why ???

Only One chart. For Eg. Nifty - where the entire trading community is watching and getting confused. In a Same chart many have different analysis and different trade - from which most of them scratch their head with lot of confusions and resulted in Loss.


Above image - shows how every trader looks or analyse the charts - like a blind analyse an elephant. A Doctor or Lawyer or an Engineer need a curriculum before he gets graduation and need some practice before he is ready to be an professional. In case of a Trader or Analyst - No one have realized the importance of Learning or practice.


One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute. by William Feather.

On a Trading Screen - Every Numbers are entered by a trader - Assuming that he is right in his strategy, until he was proven wrong. Its right to say that a correction on Price where done by a Panic Mind. Fear and Jealous plays an important reason behind a Traders psychological blunders. A Confused trader often justifies their wrong trades with a wrong arguments and analysis, until he met with a loss.

So its very important to understand that - Prepare yourself psychologically before you start your trading. Good Luck.


>>> Nifty Weekly Chart <<<

>>> Click the chart to see on full screen <<<
On the 5th Consecutive week - Price struggling to cross 7970-90. 50 WMA acting as a strong hurdle. Results season, FED News and Monsoon updates played an important role so far as trend.

>>> Nifty Daily Chart <<<

>>> Click the chart to see on full screen <<<
Above Daily Chart may be an Head and Shoulder - But we need more confirmation from Price. If Price unable to break below the trend line or 50 DMA - Bulls may re-enter with Good Short Covering. Else if Breaks may bring Fresh and Free Sell Off.

>>> Nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<
For last one week - no doubt most of them are stuck on either side - Long and Short. When we explore the chart of nifty - we get a lot of alternative counts on EW along with Pattern also. Here is one among them, I hope it can be a right one. AS I have mentioned on chart, if the price breaks the trend line - all the above mentioned counts get negated and price may start falling.

>>> Bank Nifty Daily <<<

>>> Click the chart to see on full screen <<<
If the support line on BN Chart - does not breaks, Expect a good rally above 17K.

>>> Bank Nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<
Bank Nifty - At an alternative - Like like moving as ABC. If so, then Price may upmove for Wave C.

>>> RCOM - Hourly Ch
art - Follow Up <<<


>>> Click the chart to see on full screen <<<
Still Holding Long, Hoping for an good upmove if the trend line holds as shown on chart. Cheers!!!


Thursday, May 19, 2016

Again 7770 - Will it Hold on Friday ???

Dear All,

>>> Nifty Hourly Chart <<<

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

7770 Again should rescue market. Lets Wait and See. Cheers!!!

Wednesday, May 18, 2016

Resistance @ 7880 & 7930.

Dear All,

>>> Nifty Hourly Chart <<<

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

Its a consolidation move again. Price travelling between 7600 and 7900 shows the strength of the Options Writers. Results season and flow of news from global front adding more volatile. Have patience and wait for confirmation on either side.

Tuesday, May 17, 2016

More Rally Above 7940

Dear All,

>>> Nifty Hourly Chart <<<

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

Price need to break above the neck line or 7940 for more rally. 7870 may act as a good support as shown on above chart.

>>> Bank Nifty Hourly Chart <<<

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

We are long and looking for a Good Upmove above the trend line as shown on chart.

>>> RCOM - Hourly Chart <<<

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

Hope the above chart is right as w-x-y down move. If so, Price as shown as a break out may be an valid one, can rally further also. We are long and expecting and rally from here. Cheers!!!

Monday, May 16, 2016

Crossed 7840 - Next Resistance @ 7890

Dear All,

>>> Nifty Hourly Chart <<<

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

We are long with lot of patience. Today Price able to cross above 7840 after getting support from 7770 shows the confidence of the bulls. Tomorrow if able to cross above 7890 and 7920 - Expect more Rally and short covering.

>>> Bank Nifty Hourly Chart <<<

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

Long in Bank Nifty also. Waiting for a good Rally. Cheers!!!

Saturday, May 14, 2016

Weekly Review - 16th May, 2016

Dear All,


The outcome of the assembly polls in five states viz Kerala, West Bengal, Puducherry, Tamil Nadu and Assam will dictate market sentiment next week.

Further, the government is likely to release data on April whole-sale price inflation on Monday, May 16.

In the week to May 13, markets snapped two-week losing streak to end higher after the government unleashed two major reforms, the amended India-Mauritius Double Taxation Avoidance Agreement (DTAA) and the Insolvency and Bankruptcy Code Bill.

The Rajya Sabha passsed the Insolvency and Bankruptcy Code Bill, enabling a single law to deal with distressed companies, their promoters, creditors, employees and other stakeholders for the first time in India.

As per the amended tax treaty with Mauritius, India has gained the right to tax capital gains arising in Mauritius from sale of shares acquired on or after April 1, 2017, in Indian companies.

India's industrial output rose by 0.1 per cent in March, largely losing the momentum generated in February when it had risen by two per cent, after a three-month fall.

Consumer Price Index-based inflation (CPI) for the month of April was a higher than expected 5.39 per cent, on the back of a large jump in food prices, snapping a three-month downtrend.

>>> Nifty Daily Chart <<<

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

Price must hold the expanding like triangle support line for a narrow upmove. 7890 and 7970 remains as a key hurdle.

>>> Nifty Hourly Chart <<<

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

7780 remains as a key support on hourly chart. RSI also getting support from the trend line as shown on chart. Break above the neck line may give a fresh rally. Break below the support line may give a fresh sell off.

>>> Bank Nifty Hourly Chart <<<

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

16520 must support bulls for rally.

>>> AJANTHA PHARMA <<<

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

As we have discussed about BIOCON last week and still holding - Ajantha Pharma is our another second holding on the short side. Lets see how its work out. Cheers!!!

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

Send email to niftyforall@yahoo.com or whatsapp @ 9677924975 for details of our services.