Weekly Review - 29th May, 2017

Dear All,

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

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Last Week wrote - Above 9530 - Next Move till 9680.

>>> Nifty Daily Chart <<<

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As mentioned last week Price moving towards 9680, after breaking above 9530.

>>> Nifty Hourly Chart <<<

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Price should cross above key resistance 9600 for next move till 9680.

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

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Posted on Last Weekly Review - Price may test 23460, if crosses above 23020.

>>> Bank Nifty Daily Chart <<<

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Above 23020 > Next Move till 2460.

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

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Booked Rs.20,000/- Profit.

>>> CanBK - Booked Profit Rs.40,000/- <<<

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Booked Rs.40,000/- Profit.

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

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We are Long and Holding for a Good Rally.

>>> Adani Power - What's Next After a Bad Results - We are Long <<<

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Adani Power - Fell down from 46.35 to 27.30 - almost 40% after supreme court turned down the company’s compensatory tariff proposal for Mundra plant against the increased imported coal cost from Indonesia.
Hope the 40% fall - almost priced in the Negative News. So what's Next for the Stock ??
There can be an improvement in the business environment due to allocation of Coal linkage under the new policy Shakti or the Scheme to Harness and Allocate Koyla (Coal) will allow the company to access domestic coal, and do away with the need for compensatory tariffs for our power plants going forward.
Technically 27.30 is a Good Support and if the price holds, Expect a Good Bounce from here onwards. We are Long.

>>> Performance for the month end of May 2017 <<<

>>> 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