Saturday, March 25, 2017

Weekly Review 27th March 2017

Dear All,

The Securities and Exchange Board of India (Sebi) on Friday directed Mukesh Ambani’s Reliance Industries Ltd (RIL) to disgorge Rs 447.27 crore, made “unlawfully” by dealing in shares of its erstwhile subsidiary, Reliance Petroleum (RPL).

The markets regulator also barred RIL from the futures and options (F&O) segment for a year and asked it to settle all existing open positions. It will also have to pay 12 per cent interest on the disgorgement amount since November 29, 2007.

El Nino impact :-

IMD officials on Friday said that India is likely to emerge unscathed from the El Nino weather pattern as it is expected to set in only during the latter part of the four-month monsoon season which should lift sentiment on D-Street this coming week.

Australia’s most respected weather forecast department has predicted El Nino this year which could potentially derail the rural recovery party, although it is still early to worry about this.

Macroeconomic data :-

A flurry of macroeconomic data is expected on Friday, March 31. The government will unveil external debt data followed by infrastructure output data for the month of February, foreign reserves, bank deposit growth on a year-on-year (YoY) basis and bank loan growth.

India's annual infrastructure output growth slowed to 3.4 percent in January from 5.6 percent in the previous month on a fall in refinery production. The output growth came in at 4.8 percent for the first 10 months of the current fiscal year, which ends in March 2017.

>>> Nifty Daily Chart <<<

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

Bulls are Alive But not Safe. After a Big Bang Victory on UP Election from Ruling BJP - Price made a Break out above 8990 - Till then a Lot of DOJI - HANGING MAN - HAMMER - Shows Bulls are Alive - But Not Safe.

>>> Nifty Hourly Chart <<<

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

Between 9020 & 9135 - movement looks like a CAT ON A WALL. A break below 8968-8976 May trigger some major correction.

>>> Bank Nifty Weekly Chart <<<

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

After FM's Speech about Funding and Handling of NPA of PUS Banks - Made a Revival - which helped Bank Nifty's UPmove. Though on Weekly Chart it was a Hanging Man.

>>> Bank Nifty Daily Chart <<<

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

Cross above 21190-21200 may trigger fresh rally till 22000.

>>> Bank Nifty Hourly Chart <<<

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

21170 remains as a Crucial Resistance for Next Week Move. Cross above may trigger fresh rally till 21500.

>>> TVS MOTOR - Booked Rs.28000 Proit <<<

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

Last Week We have Booked a Profit of Rs.28000 on TVS Motor Short.

>>> MCDOWELL-N - Holding Long <<<

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

We are holding long since 2160 - Break above the wedge may trigger fresh Rally.

>>> Performance till 25th March 2017 <<<

>>> Click the chart 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 - Services <<<