Can't Hold 7727

Dear All,

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Unable to cross 7727. Market remains choppy and volatile. So lets wait.

>>> HindZinc <<<

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We booked and Exited also. Cheers!!!

Next Resistance @ 7727

Dear All,

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7650 Crossed today with a Gap Up. So the counts changed as 1,2,3. Hence forth wave (III) may get complete if unable to hold above 7727. Correction may set in if the given resistance did not cross and hold.
>>> IDBI <<<

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IDBI if breaks the wedge then free fall for wave C. We had a Part Profit Booking for Rs.8000. Just Sell more if breaks the wedge and Earn. Cheers!!!

Resistance @ 7650

Dear All,

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Yesterday - wrote 7635-40 as resistance - today 7650 act as a channel resistance as shown on chart. If unable to cross may give a correction. Caution advised.

>>> L&TFH - As Posted on Last Weekly Review <<<

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

Its our Special Coverage stock last weekly reivew. See what happened today.
>>> L&TFH - Happened and Yet to <<<

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First Target met with a Profit of 11200. Still lot of upmove left. Lets Wait.

>>> AMBUJACEM <<<

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Made a Profit of Rs.5000, Exited too. Cheers!!!

Resistance @ 7635-40

Dear All,

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

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Last Weekly Review - Wrote about the Resistance at the Pitchfork. See What happened.

>>> Nifty - Happened and Yet to <<<

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Today price break out above the pitchfork, So now the possible Resistance above 7635-40, if unable to cross may see correction. Else if crosses then rally to continue.

>>> UCO BANK <<<

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UCO Bank - Met First Target with a Profit of 16000/-.

>>> IDFC <<<

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IDFC - Met First Target with a Profit of Rs.8000/-

Weekly Review - 30.06.2014

Dear All,


>>> Nifty - Hourly Chart <<<

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

Nifty Continue to correct as abc-x-abc. So possible near term support shall be around 7390. One should remain Patience with wait and watch Policy.

>>> Chart Performance of the Week <<<

>>> BHEL - As Posted on 23rd June, 2014 <<<

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

Wrote on 23rd June - about Break out on BHEL.


>>> BHEL - Happened <<<

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Booked 20K as Part Profit.

>>> SSLT <<<

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SSLT gave us 10k as Part Profit.

>>> MCLEODRUSS - As Posted on 24th June 2014<<<

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Wrote for many weeks about McLeodRussel - See what happened.

>>> MCLEODRUSS - Happened <<<

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Rallied and Hit all Targets with a Profit of 21000.

>>> SPIC - As Posted on 21st June, 2014 <<<

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SPIC - given on Special Coverage - Cash Stocks - to Buy in Bulk.

>>> SPIC - Happened and Yet to <<<

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25.80 high made. Still lot of potential to rally more. Keep Buying for more rally.

>>> PERFORMANCE <<<

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Write to us for more details on niftyforall@yahoo.com

>>> L&TFH - Special Coverage <<<

L&T Finance Holdings was seen as one of the favourites to get a new banking licence because its parent Larsen & Toubro has a diversified ownership. Public shareholding in Larsen & Toubro was 96.42 per cent at the end of March, 2013.

According to an analyst with a domestic brokerage, Larsen & Toubro may propose to set up NOFHC instead of L&T Finance Holdings to meet the eligibility criteria for a Banking License. L&T Finance Holdings offers diverse range of financial products and services across corporate, retail, housing and infrastructure sectors as well as mutual fund products and investment management services. It has presence across 23 states in India.

There are rumours on the air about L&T Finance and Yes Bank Merger or to Buy Stakes on Yes Banks. Its like an Back Door Entry into a Banking Foray.

Both Yes Bank and L&T Finance have denied news reports on their merger talks. In a stock exchange notice, Yes Bank said, it “does not comment on speculative news appearing in the media”, adding that the “bank keeps on evaluating capital raising alternatives, and has obtained board approval to raise equivalent of $500 million of fresh capital in...fiscal 2014-15”. L&T Finance, too, does not comment on speculative news. “As a part of its normal course of business, the company keeps evaluating opportunities on both organic and inorganic basis. The investors/stock exchanges would be informed as and when definitive developments take place,” it said.

Still the speculation is not dying down

Also Commercial vehicles maker AMW Motors has tied up with L&T Finance to provide retail financing options for its range of medium and heavy haulage vehicles and tippers, the company said on 25th June, 2014.

The agreement will help provide loans for the entire range of AMW vehicles such as tippers, the new AMW haulage range and other special purpose vehicles.

So lets go to Technicals and See What Chart Says...

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Just Buy for Rally...Cheers!!!

Next Support @ 7474

Dear All,

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Looks like a More complicated corrective wave. Hope the chart is clear and no more explanation needed on it.

Not Crossing 7590.

Dear All,

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As said yesterday - today also unable to cross resistance 7580-90. Lets wait and See.

Resistance 7580-7590

Dear All,

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Today's bounce back looks like correction almost ended and market ready to ignore Iraq civil war. So Budget may be the next cue and may keep moving as Pre-Budget Rally.

7580-90 or 61.8% Retrace looks important to cross. Lets See.

>>> BHEL - As Posted Yesterday <<<

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Wrote Y'day - BHEL to Buy. See What Happened.

>>> Happened and Yet to <<<

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Yes - We had a Part Booking for Rs.10,000. So wait for more rally also.

>>> SSLT <<<

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One more Profit booked with 10,000 profit. So again buy on dips for a good rally.

>>> MCLEODRUSS <<<

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Following Mcleod for last 2 Weeks and still not yet given a Proper Break Out. Today's move looks like nearing to a good break out. So get ready and Buy Buy Buy for a Good Rally. Cheers!!!

Supported @ 7445. Resistance @ 7552

Dear All,

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Today's fall almost completed 100% retrace of Wave (a) as on chart. Supported @ 7445 and Next Key Resistance @ 7552.

>>> BHEL <<<

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Break Out - Break Out - Break Out - Just Buy Buy Buy for Rally.

Weekly Review - 23.06.2014

Dear All,

>>> Rupee Vs Dollar <<<

>>> As Posted on 31st May, 2014 <<<

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

Last time I have warned about the possible Rupee fall as per attached chart. At the time of posting this chart we don't have any news or event which support the rupee fall. See what happened later.

>>> Happened and Yet to <<<

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

Gulf Civil War may be give as a reason now for the break out here on Rupee chart. But we have the technical reason for this. So now if this break out continues, all of you know what will happen.

>>> Nifty - As Posted Last Weekly Review <<<

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Last week mentioned about the support on Nifty. See what happened

>>> Happened and Yet to <<<<

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As expected last time, support did not hold. Instead - Both Price and RSI broken the support. So technically the fall may continue.

>>> Nifty - Hourly Chart <<<

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Hourly chart says the possible fall till 7360-7320.


>>> Bank Nifty <<<

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Bank Nifty too shows weakness. Lets Wait and See.

>>> Chart of the Week <<<

>>> INFY <<<<

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>>> ULTRACEMCO <<<

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>>> BHEL <<<<

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>>> Performance <<<

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Just email us for details of our service.

>>> SPECIAL COVERAGE - SPIC <<<

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Yes Yes Yes - Just Buy Buy Buy and Enjoy SPIC.

7500 Holding.

Dear All,

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Volatile trade - 7500 holding still. Lets wait for clarity.

>>> Maruti <<<

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We are short on Maruti. Now if breaks the support as shown on chart - expect free fall. Just Sell and Earn. Enjoy.

Support @ 7530 & 7510

Dear All,

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Sudden Fall due to Gulf Crisis and followed by INR hit a low of 60.43. Nifty resisted @ 7662 or 78.6% fib level as shown on chart. So Now 7530 and 7510-7500, Support if breaks then fall to continue.

We hit a stop loss too. Nifty may remain volatile till the gulf news gets fade. PM's meeting on Inflation followed by Budget dates may increase nervous and hence caution advised on either side.

To say in simple words - safety is First and I feel lot of Retailer may have trapped or Hit SL on last 4-5 days.

So better wait for more clarity.

>>> MCLEODRUSS <<<

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Have already covered this as a Special Coverage on Last Weekly review. Fall in tea out put followed by Increase in Price of Tea may benefit Mcleodruss.

On Chart a Flat / Pole like pattern visible and if break above the channel - Get ready for a good rally. So Forget Nifty and Buy this tea stock for excellent gain. Cheers!!!

Resistance 7640-50

Dear All,

>>> Nifty - Posed Yesterday <<<

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Wrote Yesterday 7487 as a good support - if holds then bounce back possible. See what happened.

>>> Nifty - Happened and Yet to <<<

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As expected - Nifty took support from 7487 and rallied more than a 100 points today. Now 7640 or 7650 remains a key resistance. If unable to cross may trigger a fresh selling. On the other side - if able to cross the given resistance may trigger a fresh rally once again.

>>> INFY <<<

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INFY - Booked on first Target with a Profit of 11250.

>>> BHEL <<<

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We are Long on BHEL form 239, reached 249 and made a part Booking for Rs.20,000. Chart ready for a big break out - Just buy and enjoy.