Thursday, September 28, 2017

9700 If breaks Again - Fall to continue

Dear All,


>>> Nifty Daily Chart <<<

>>> Click the chart to see on full screen <<<
If this analysis - goes wrong - Price will again Break below 9700 and may take a fresh low with Heavy Selling.

>>> Nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<
335 Correction - if goes wrong - More correction to come in, Else Bulls will roar again. Cheers!!

>>> N4A & Whatsapp <<<'

Monday, September 25, 2017

Support @ 9815. Resistance @ 9890 - 9940 - 9980

Dear All,

>>> Nifty Hourly Chart <<<

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

Break below 9815 may test 9730 or below. Resistance @ 9890 - 9940 - 9980.

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

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

We are Long, Above channel - Break Out and Rally Possible. Cheers!!!

Sunday, September 24, 2017

Weekly Review - 25th September 2017

Dear All,


The market had started the previous week on a strong note, with the Nifty hitting a record high of 10,178.95 (on September 19). However, the sell-off in the later part of the week (especially on Friday when it lost 1.5 percent) wiped out those gains and the index ended the week below the psychological 10,000-mark, with a 1.2 percent loss on likely another hydrogen bomb test by North Korea and after S&P downgraded China's credit rating.

After this correction, the market may see some bounce-back amid consolidation initially in the coming week. But the rally may not be sustainable due to ongoing geopolitical tensions between the US and North Korea. Now, Iran also successfully tested its new medium-range missile despite warnings from Washington.

Apart from the above factors, FII trend, monsoon update and currency movement will also remain on the participant. Major fall is unlikely in the coming week, unless geopolitical tensions are intensified.

North Korea :-

North Korea's reply to the US Trump's tweet on Thursday saying it may consider testing a hydrogen bomb in the Pacific Ocean hit market sentiment globally.

So investors will closely watch developments in North Korea.

Experts feel this North Korea tension will remain the main factor to watch out for, at least till it subsides completely.

Meanwhile, China on Saturday said it would limit oil exports to North Korea under UN sanctions over its nuclear and missile development. The world's second largest economy will also ban textile imports from the North.

Rupee :-

On Friday, fiscal woes due to reports of likely government's stimulus to revive economy caused selling pressure in the rupee on last Friday morning. However, it recovered all its losses in the later part of the session to end flat due to RBI's intervention, and selling of dollars by exporters & banks.

Many experts feel if the government gives stimulus then the FY18 target for fiscal deficit may not be achieved.

"A stimulus can potentially increase the central government's fiscal deficit to 3.5-3.7 percent of GDP in FY18, from the budgeted 3.2 percent target (3.5 percent of GDP achieved in FY17), depending on the size of the stimulus (0.3-0.5 percent of GDP). This would be a setback to the fiscal consolidation momentum that was endured through the past few years," Deutsche Bank said.

Macro data :-

The macro economic data on infrastructure output for August and foreign exchange reserves for the week ended September 22 (which already crossed USD 400 billion in previous week) will be released on Friday after market hours.

India’s budget balance; external debt for the quarter ended June 2017; deposit growth; and bank loan growth data will also be announced on Friday after market hours.

Global cues :-

Japan's Manufacturing PMI for September will be released on Monday while Bank of Japan will announce minutes of the monetary policy committee meeting on Tuesday.

In US, new home sales data for August will be declared on Tuesday and final GDP data for Q2 on Thursday.


>>> Nifty Daily Chart <<<

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

Still ABCDE on Focus and if the channel breaks - may invalidate the count. Serious Correction Possible.

>>> Nifty Hourly Chart <<<

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

On Hourly Chart - Some Hope left for Bulls - If 9948 or 9925 holds - a Recovery can be Strong.

>>> Bank Nifty Daily Chart <<<

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

Capital inadequacy - Bond Sell Off - Weaness in Rupee - Slowdown in Growth - Leads to Banking Space Sell off. New Policy announcement from govt. may trigger movement on both side. Price already out of the channel shows the serious Warning from Bear. 24330 & 24220 Plays an important role to Bulls.

>>> Bank Nifty Hourly Chart <<<

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

Gaps are getting filled. Lets wait for clarity next week.

>>> CNXPSUBank - Daily Chart <<<

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

Watch PSU Banking Space - for a Make or Break Move next Week.

>>> SBIN - Hourly Chart - Posted on 16th Sep, 2017 <<<

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

Wrote on above Post - Price may correct if breaks the support.

>>> SBIN - Hourly Chart <<<

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

Almost near the support if holds - may come back again.

>>> CNXPHARMA - Daily Chart <<<

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

Pharma Index might consolidate or correct after making a stunning rally. Watch all Pharma Stocks for consolidation.

>>> DRReddy Daily Chart - Posted on 13th Aug, 2017 <<<


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

Posted on 13th Aug - Weekly Review - Price near 2000 - Mentioned as a Turn Around Story for DrReddy. See What happened.

>>> DRReddy Daily Chart - 500 Points Rally so far <<<

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

Expect some consolidation before further rally. Support @ 2445 - 2395 - 2350. Resistance @ 2500. Congrats for those who made a Stunning Profit.

>>> CNXIT - Daily Chart - Posted on 16th Sep, 2017 <<<

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

Wrote - Support 10420 as Support.

>>> CNXIT - Daily Chart > Next Possible Rally <<<

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

Possible for a Triangle Break out if 10420 Support HOlds.

>>> NIFTY - MidCap50 - Hourly Chart <<<

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

Price must hold 4770 & 4710 for a Pull Back Rally.

>>> CNXMetals Hourly Chart <<<

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

Metal Stocks should hold 3480 & 3460 for a Pull back rally, Else sell to continue.

>>> Performance till 22nd Sep, 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

>>> N4A on WhatsApp <<<

Thursday, September 21, 2017

Support @ 10080 - 10060 - 10040

Dear All,

>>> Nifty Hourly Chart <<<

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

If Support breaks below 10080-10060-10040 > More fall likely. Bulls must cross above 10130 for Testing 10180.

>>> Bank Nifty Hourly Chart <<<

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

If 24740 or Channel Support holds - Expect a Rally again.

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

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

Wrote last weekly Review - Pharma may Rally 300 Points if crosses above 9395. Told to Watch Pharma Stocks also.

>>> CNXPharma - More Rally Possible <<<

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

Price almost tested 9663 almost 700 points rally made. Today was a day for Pharma Stocks. More Rally possible if Price breaks above the Falling wedge.

>>> MCDowell - Hourly Chart - Posted Yesterday <<<

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

Posted Yesterday - We have shorted as shown on above chart.

>>> McDowell - Hourly Chart - Booked Profit Rs.22500/- <<<

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

We have Booked our Shorts today with Rs.22500/- More Fall likely if breaks below the support line shown on chart.

>>> N4A on Whatsapp <<<

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

Send Request with your Name.

Wednesday, September 20, 2017

Support @ 10130 If breaks may test 10115 & 10100.

Dear All,

>>> Nifty Hourly Chart <<<

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

Below 10130 - May test 10115 or 10100.

>>> MCDOWELL-N - Hourly Chart - We have Short Position <<<

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

We have Short Position and Looking for more correction as per above chart. Cheers!!!

Monday, September 18, 2017

Support @ 10140 - 10125 - 10110. Resistance @ 10170 & 10200

Dear All,

>>> Nifty Hourly Chart <<<

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

We have booked our Profit with 100 Points.

>>> BankBaroda - Posted on 12th Sep, 2017 <<<

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

Posted on 12th Sep, 2017 - BOB is a Break Out.

>>> BankBaroda - Booked Rs.35000/- Profit today <<<
>>> click the chart to see on full screen <<<

Booked Profit Rs.35000/- today. Above 149 - Next Resistance @ 151.

Saturday, September 16, 2017

Weekly Review - 18th September, 2017

Dear All,


Monsoon Update :-

The Street will closely look at the data released by weather authorities such as the India Meteorological Department (IMD) and entities such as Skymet.
As per a report by Kotak Institutional Equities, the as of September 13, rainfall has been 6 percent below normal, with weekly rainfall being 31.4 percent below normal. This could be taken note of by investors who had placed their bets on good monsoon to be a driver for rural, agri and consumer stocks. They had seen a rally since May when the first forecast reports were out.

Macro data :-

In the US, Markit Composite, manufacturing and Services PMI data for September 2017 will be unveiled on Friday. Also, In Europe, manufacturing and services PMI releases from France, Germany, and the Eurozone as a whole will be released on Friday.
Among other things, India is set to release its current account data for the second quarter, while Europe and US will declare its CPI numbers and the housing market index. Along with it, US will also announce crude oil inventory data, while Bank of Japan will hold its monetary policy meeting. There could be announcements on rate action front there.

FOMC meet :-

The market here could look out for cues from the meeting of Federal Open Market Committee meeting. The US central bank could start cutting its balance sheet, but rate hike expectations are nil for this meeting.
"The Fed's tone and stance during next week's FOMC statement and press conference will play a major role in setting expectations for interest rates, the Fed's balance sheet reduction plans, and the U.S. dollar going forward," said James Chen, head of research at Forex.com in Bedminster, New Jersey, reported CNBC.

Global cues :-

The Street could keep a track of geopolitical movements as well. Over the past week, there were active developments on the North Korean front, which kept the market on its feet. In fact, the rogue nation’s leader also fired a missile which flew over Japan, leading to some panic in the market.
Such tensions do not look like they will ebb for a while. War of words between different leaders continue and any other retaliation from either of the countries involved in the conflict could further spook the markets. Having said that, experts also said that the impact on the market is also getting lighter.
Market expert Ambareesh Baliga also pointed out that Germany’s Federal elections slated will be held on Sunday, September 24. The event will select the member of the government which will have ramifications on who will get elected as German Chancellor.

>>> Nifty Daily Chart <<<

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


Above 10131 > May test New High. Price moving as ABCDE, Wave E may test New High with fresh rally.

>>> Nifty Hourly Chart <<<

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


Price Resisted Near 10115 - must cross again to test 10130 & 10180. Support remains @ 10050 & 10000.

>>> Bank Nifty Daily Chart <<<

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

Price need to cross above 24995 for a healthy rally.

>>> Bank Nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<
Support 24790-820 if Breaks - may test 24710 & 24620.

>>> CNX PSU Bank Nifty - Hourly Chart <<<

>>> Click the chart to see on full screen <<<
Possible Rally till or above channel expected. PSU banking stocks may rally more.

>>> SBIN - Posted on 12th Sep, 2017 <<<

>>> Click the chart to see on full screen <<<
Wrote on 12th Sep - SBIN may rally if breaks above the triangle like pattern.

>>> SBIN - Consolidation Happening <<<

>>> Click the chart to see on full screen <<<
More Consolidation expected - may test the below support line also. We have Exited our Long.

>>> BankBaroda - Posted on 12th Sep 2017 <<<

>>> Click the chart to see on full screen <<<
Posted as Holding Long on BOB.

>>> BankBaroda - More Rally Possible <<<

>>> Click the chart to see on full screen <<<
Resistance @ 149 & 151 > Above More Rally possible.

>>> CNXPharma - Above 9395 More 300 Points Rally Possible <<<

>>> Click the chart to see on full screen <<<
More Rally above 9395. Watch again all Pharma Stocks - Rally coming.

>>> SUNPHARAMA - Daily Chart - Break Out on Card <<<

>>> Click the chart to see on full screen <<<
Sunpharma - Getting Ready for a BreakOut from Falling Wedge. We don't have any Long.

>>> CNXIT - Daily Chart <<<

>>> Click the chart to see on full screen <<<
IT Index turning Bullish - If holds 10420 - Expect a Good Rally. Watch all IT Stocks.

>>> INFY - Upmove Possible <<<

>>> Click the chart to see on full screen <<<
Expect Price to test 930 & 967 on the Upperside.

>>> CNXMETAL - Daily Chart <<<

>>> Click the chart to see on full screen <<<
Caution advised on Metal Stocks.

>>> NiftyMidCap50 -Daily Chart - Posted on 02nd Sep, 2017 <<<

>>> Click the chart to see on full screen <<<
Have wrote on 02nd Sep 2017 > MidCap to Rally till 4900. See what happened.

>>> NiftyMidCap50 - Daily Chart

>>> Click the chart to see on full screen <<<
Above 4960 > 100 Points rally possible.

>>> Performance till 15th Sep, 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

>>> N4A on Whatsapp <<<