Saturday, July 30, 2016

Weekly Review - 01st August, 2016

Dear All,


The Bank of Japan has announced a modest expansion of its monetary easing programme, blaming Britain’s decision to leave the European Union as the biggest uncertainty facing world markets.

The central bank acknowledged government pressure for more action to drive the yen lower and help Japan’s legion of exporters, but stopped short of upping its bond purchases or cutting interest rates.

“Against the backdrop of the United Kingdom’s vote to leave the European Union and the slowdown in emerging economies, uncertainties surrounding overseas economies have increased and volatile developments have continued in global financial markets,” the bank said in a statement eagerly awaited by investors around the world.

The bank had acted “in order to prevent these uncertainties from leading to a deterioration in business confidence and consumer sentiment”.


Some market experts said the lack of bold action suggested the bank had decided that the effectiveness of its huge monetary easing programme had reached its limits.

“Is this guidance that we may actually see negative rates being reversed? I suspect it could be,” he said in a note to clients. “It’s obvious that there has been a mini credit crunch in Japan and the banks have underperformed. Negative rates haven’t worked, in fact they have been a huge negative.”

Japanese officials were under intense pressure to deliver as economists increasingly write off prime minister Shinzo Abe’s faltering bid to fire up the world’s number three economy, dubbed Abenomics.

The UK referendum result in June hammered financial markets and sparked a yen rally that is threatening corporate Japan’s bottom line – and aggravating concerns about growth.

Abe announced a huge $266bn fiscal stimulus for the economy on Wednesday but government figures on Friday morning underlined the scale of the problems facing the country.

Spending by households across the country fell in June while inflation dropped for a fourth straight month, in a fresh blow to Abe’s war on deflation.

But the Bank of Japan said it would maintain its base money target at 80 trillion yen ($775bn) as well as the pace of purchases for other assets including Japanese government bonds.

It also left unchanged the 0.1% interest it charges to a portion of excess reserves financial institutions park with the central bank.

The BOJ said it would increase exchange-traded funds purchases so that its total holdings increase at an annual pace of 6 trillion yen ($57bn), up from the current 3.3 trillion yen. The decision was made by a 7-2 vote.

“The BOJ believes that its monetary policy measures and the government’s initiatives will produce synergy effects on the economy,” the bank said.

Business confidence has slumped to levels last seen when Abe won power in late 2012 on a ticket to fire up an economy beset by years of falling prices and weak growth.


>>> Morgan Stanley Warns Currency Traders Worst to Come for Dollar <<<

The dollar is set to fall 5 percent in the next few months, the Federal Reserve isn’t raising interest rates anytime soon and U.S. economic data is only going to get worse. That’s what Morgan Stanley chief global currency strategist Hans Redeker told clients in a note published Thursday, citing in-house indicators showing U.S. domestic demand is set to fade in the coming months. It didn’t take long for markets to prove him prescient. The greenback fell 1.3 percent Friday, capping its worst week since April, after the Commerce Department said U.S. second-quarter gross domestic product advanced at about half the rate economists had forecast.


“We are quite pessimistic about, first, the outcome of the U.S. economy,” Redeker said in an interview on Bloomberg Television Friday, before the GDP report’s release. “When you look at our internal indicators, which capture domestic demand very well, they are suggesting that the demand strength is going to fade from here.”

The greenback had rallied in recent weeks on mounting speculation the Fed will hike rates in the coming months following better-than-expected data on jobs, retail sales and industrial production. Dollar bulls’ hopes were dampened Wednesday after a lukewarm policy statement from Fed officials that signaled only a gradual pace towards tighter monetary policy. They were dashed after Friday’s GDP print, which showed a 1.2 percent annualized increase in the April-June period, less than the 2.5 percent median forecast of economists surveyed by Bloomberg.

Further dollar strength will be limited as policy divergence between the U.S., Japan and Europe slows, according to Steven Englander, global head of Group-of-10 currency strategy at Citigroup Inc.
“The dollar still benefits when U.S. growth looks OK, but call it a limping divergence trade, not the kind of divergence trade we were talking about last year or the year before,” Englander said Friday on Bloomberg Television.

>>>> Nifty Daily Chart <<<

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

Price may face resistance near 8670 and 8705-8710.

>>> Nifty Hourly Chart <<<

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

Price must Cross the resistance given on channel 8670,8690 & 8710 next week to continue the rally.

>>> Bank Nifty Daily Chart <<<

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

Price if breaks the wedge, possible may invite sell off.

>>> Bank Nifty Hourly Chart <<<

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

Price if breaks the trend line again - Correction possible.

>>> DRREDDY - Posted on Last Weekly Review <<<

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

Wrote last weekly review - DrReddy Lab may correct. See what happened.

>>> DRREDDY - Booked Profit <<<

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

Probably we have exited and booked a bit earlier, when we saw the Price fell till 2930 on friday. Hope many readers might have shorted and enjoyed the stock.

>>> JUSTDIAL - Daily Chart <<<

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

We are Long in Just Dial - Price broken out from a Falling wedge and Expect a Rally if price continues to stay above the channel. Cheers.

>>> Performance for the month end of July 2016 <<<

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

Above performance is not a Promise or guarantee for the given Profits. 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.

Thursday, July 28, 2016

Resistance @ 8690 & 8720

Dear All,

>>> Nifty Hourly Chart <<<

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

8690 & 8720 - as Resistance on Friday.

>>> Bank Nifty Hourly Chart <<<

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

19050-19150 Not able to cross for many days - So lets watch it for Next...Cheers!!!

Wednesday, July 27, 2016

Support @ 8580 & 8540. Resistance @ 8630 & 8660

Dear All,

>>> Nifty Hourly Chart <<<

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

Price need to break again the channel support for a possible correction. Else Price must break above the upper resistance channel for more rally.

>>> BIOCON - Daily chart <<<

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

Assumed as wave 3 completed. If Price extends above 261.8% more rally may come in. Lets wait and See.

Tuesday, July 26, 2016

Support @ 8575 & 8540

Dear All,

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

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

Wrote yesterday - price & rsi must cross above the trend line for a comfortable rally. See what happened.

>>> Nifty Hourly Chart <<<

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

Price unable to cross above the trend line and started moving down. Now the Price and RSI must break below the support for a meaningful correction. Expect heavy volatile ahead of Events like BOJ & FEB along with Expiry. Cheers!!!

Monday, July 25, 2016

Above 8630 ???

Dear All,

>>> Nifty Weekly Chart <<<

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

Weekly chart suggested 8630 - had crossed today. So let see the other possibilities.

>>> Nifty Hourly Chart <<<

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

Let's wait till Price and RSI breaks the Upper Trend line. Till then wait and watch.


>>> DRREDDY - Posted on Weekly Review <<<

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

Wrote on Weekly Review - About Possible correction on Daily Chart of DrReddy's Lab. See what happened.

>>> DRREDDY - Booked Profit Rs.30,000 <<<

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

Today We booked DrReddy's Lab Short near 3460 with Rs.30,000 Profit. Cheers!!!

Saturday, July 23, 2016

Weekly Review - 25th July 2016

Dear All,


>>> Nifty Weekly Chart <<<

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

8630 continue to resist on weekly chart.

>>> Nifty Daily Chart <<<

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

No Clear direction on daily chart for the past 7 trading session. RSI must cross above the trend line.

>>> Nifty 5 Mins chart <<<

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

A Lot have been seen and discussed on hourly chart - as there is no change in it, as the price moving inside a small range. Hence we have posted the 5 mins chart to find out the direction. It looks like the price have completed 1-5 and a clear picture to emerge only above 8580 or 8630. Support should be 8480.

>>> Bank Nifty Daily Chart <<<

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

Price looks like - completed ABC rally near 19150. RSI showing a sign of break down, should break the larger trend line to confirm more fall.

>>> Bank Nifty Hourly Chart <<<

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

On Hourly Frame, if the RSI breaks above the trend line, may test the upper band with price too.

>>> WOCKPHARMA - Booked Rs.44400 Profit <<<

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

It was a good Profit on WockPharma - Achieved second target on intraday itself with Rs.44,400.

>>> SBIN - Posted on 18th July, 2016 <<<

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

Last monday - Posted on SBI - that a Possible correction on card. We have short position also. See what happened.

>>> SBIN - More Fall Likely <<<

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

Holding Short for more such correction.

>>> HINDALCO - Posted on 21st July 2016 <<<

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

Wrote on 21st July - We have short position on Hindalco - Holding for a correction. See what happened.

>>> HINDALCO - Booked Profit - Fall may continue <<<

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

Yes the Price almost tested our first target 130. As per above chart - a Possible bounce till the trend line shown. Lets see.

>>> DRREDDY - Daily Chart <<<

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

Price reached as ABC, If unable to cross above - Expect correction next week.

>>> Performance till 22nd July, 2016.

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

For details of our service email us to niftyforall@yahoo.com

Thursday, July 21, 2016

Resisted Again @ 8580. Watch Support @ 8480

Dear All,

>>> Nifty Hourly Chart <<<

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


Second time 8580 Resisted and Price started falling down. Now watch support @ 8480 for weakness.

>>> Bank nifty Hourly Chart <<<

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


Index Mover - Bank Nifty confirmed the correction on both RSI and Price. Hope the entire market should listen carefully. We are holding short in Bank Nifty also.

>>> HINDALCO - Daily Chart <<<

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


Hindalco - Broken Support on Price and RSI - We are holding short and expecting a possible correction.

>>> SBIN - Daily Chart <<<

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


SBI - Price broken out of Wedge - may try to fill the gap left below - as shown on chart. We are holding short and expecting the price to fill the gap sooner or later. Cheers!!!

Wednesday, July 20, 2016

Cat Still on the Wall

Dear All,

>>> Nifty Hourly Chart <<<

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

Still need confirmation.

>>> Bank Nifty Hourly <<<

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

18830 - Support should break or the trend line to give hold for Bears, else price may continue its rally

>>> WOCKPHARMA - Booked Profit Rs.44400/- Intraday <<<

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

WockPharma - Booked Rs.44400/- On intrday itself.

Tuesday, July 19, 2016

8580 & 8630 continue to Resist

Dear All,

>>> Nifty Hourly Chart <<<

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

Price may come under pressure - until 8580 or 8630 @ a resistance zone.

>>> Bank Nifty Hourly Chart <<<

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

Bank Nifty - First Bear Sign from RSI. Hope Stock market not satisfied with Govt. Fund Infusion. If this is not wrong, Expect more sell off in day to come. Cheers!!!

Monday, July 18, 2016

Resisted @ 8580

Dear All,

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

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

Posted on Weekly Review - to watch channel middle line and RSI for game changer.

>>> Nifty Hourly Chart - Happened Today <<<

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

As expected RSI and Price broken down.

>>> Bank Nifty Hourly Chart <<<

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

Price resisted @ the channel top - Suggest a caution sign. Must get confirmation from RSI for a valid correction. Since Bank Nifty - is the Mother of all index, A correction here is a caution for entire market.


>>> SBIN - Hourly Chart <<<


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

If this Raising wedge - breaks below the channel and RSI support it, Correction can be some what deep!!!. We are holding short and expecting the same. Cheers!!!

Sunday, July 17, 2016

Weekly Review - 18th July, 2016

Dear All.


>>> Nifty Weekly Chart <<<

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

As given on chart

>>> Nifty Daily Chart <<<

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

8630 and RSI trend line must restrict the bulls.

>>> Nifty Hourly Chart <<<

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

Price and RSI shows some weakness, must confirm it.

>>> Bank Nifty Daily Chart <<<

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

Bank Nifty showing lot of strength and helping the entire market, No doubt in it. So the Capital Infusion from govt. on PSU Banks and Outcome of Results and NPA updates may dictate the trend of Nifty Bank Index. More action left.

>>> WockPharma - Posted on 30th June,2016 <<<

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

Posted earlier on 30th June, 2016 - Stock may rally. See what happen.

>>> WockPharma - Booked Profit 36000/- on 12th July, 2016 <<<

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

Booked Profit Rs.36000/-

>>> Petronet - Posted on 09th July 2016 <<<

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

Wrote on 09th July - a Possible correction for Petronet. See what happened.

>>> Petronet - Profit Booked Rs.30,000/- on 13th July, 2016 <<<

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

Booked Profit Rs.30,000/-

>>> SunPharma Hourly - Posted on 13th July, 2016 <<<

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

Wrote on 13th July, We are short on sunpharma - See what happened.

>>> SunPharma - Profit Booked Rs.5400/- on 15th July, 2016 <<<

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

Booked near 772 with Rs.5400 Profit.

>>> HINDALCO - Posted on 14th July <<<

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

Hindalco Posted on 14th July and still Open.

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

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