Final Hurdle @ 7809

Dear All,

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

No doubt many are frustrated by the volatility on Market. Many forced to went short or may have purchased PUT Options. So above chart is the answer for all your troubles and loss. Yes we are in the Last Leg of upmove. The nature of this Last leg should be volatile in nature. One should buy on every dips and must avoid Shorts. Must trade with lot of patience.

>>> Nifty - Hourly Chart - Posted on 18th July 2014 <<<

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

On Last weekly review wrote clearly - about the Moving Average Cross over and 7661 Resistance. See what happened today.

>>> Happened <<<

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

Its a good rally today. Finally Nifty facing hurdle at all time high of 7809. So lets wait and see.

>>> DR.Reddy's Lab - As posted on 17th July 2014 <<<

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

We told to Buy Dr.Reddy's Lab on 17th July. See what happened today.

>>> Happened and Yet to <<<

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

First target met with a profit of Rs.7625. Price made a high of 2733 - More rally on card.

>>> BIOCON <<<

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

No doubt we are long in this counter from 512 onwards. Clear break out shows more rally possible. Just buy and enjoy. Cheers!!!

Resistance 7726-7731

Dear All,

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

Seems like bears coming back into the game. First Sign of weakness if Price can't cross the Key Resistance above 7726-7731. Hourly Chart shows some break down on price and RSI. So its time to be cautious. Traders must avoid aggressive Longs and must enter into defensive stocks.

>>> MCLEODRUSS <<<

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

Mcleodruss - Looks bullish. Support @ 277, if holds then good rally possible. We have booked part profit of Rs.5000 today. Just buy on dips - more rally possible. Cheers!!!

Weekly Review - 21.07.2014

Dear All,

>>> Nifty - Daily Chart <<<

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

Daily chart looks like relief rally - hence the fall marked as wave (a) or (4). So to make it confirm about the rally to continue - we need more confirmation - Lets see in detail on hourly chart.

FII's started buying since last week - indicates the rally may continue.

>>> Nifty - Hourly Chart <<<

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

Moving Average Crossed now. But still 7661 remains a hurdle. So lets wait and see.

>>> Bank Nifty <<<

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

Bank nifty - RSI on a break out mode. Price yet to give a break out.

>>> Last week Chart Performance <<<

>>> Rcom <<<

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

>>> Bank India <<<

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

>>> Andhra Bank <<<

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

>>> M&MFin <<<

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>>> IDBI <<<

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>>> Jindal Steel <<<

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>>> Performance - till 18th July - 2014 <<<

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

>>> L&T Finance Holding Ltd., - Special Coverage - Follow Up <<<

Reserve Bank of India’s recent move to ease infrastructure loans is a positive.

L&T Finance Holdings' Q1 results on July 23, 2014


>>> As Posted on 27th June - 2014 <<<

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

Last time the bounce did not happen as expected and hit a low of 67. So lets see what the chart says now.

>>> What to Happen <<<

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

RSI gave a clear break out - So we need a break our from Price above the channel - as shown on chart. If breaks then rally to continue. Cheers!!!

Resistance @ 7660-61

Dear All,

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

One more choppy trading today. Looks like a "A Cat on a Wall". So what's Cooking ???. As per the above chart - Nifty may see a hurdle at 7660-61, if able to cross may see a good upmove and short covering. Moving Average Cross over should be watched. Unlike previous sessions - Cross over has not completed yet. If gets completed, then rally to continue. So let's wait and see.

>>> JINDALSTEL <<<

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

Ofcourse first target not met, stock made a high of 303. so far we made 10,000. Well - looks like more moves pending.

>>> DRREDDY <<<

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

Yes - a Clear break out on chart. Just Buy for rally. Cheers!!!

Break Out or Bear Trap ?!?!?!

Dear All,

>>> Nifty As Posted Yesterday <<<

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

Wrote Yesterday that we are long from 7460 and waiting for rally, See what happened !

>>> Happened and Yet to <<<

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

Yes we got our First Target at 7600 from 7460. Chart looks like a break out. Should we expect more rally ??. Lets See.

>>> Bank Nifty <<<

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

Yes Bank Nifty also looks like a break out. We are long in many bank stocks this week. So just get ready to enjoy more rally.

>>> Bank India - As Posted Yesterday <<<

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

Wrote Yesterday more rally coming on Bank of India. See what happened ???

>>> Happened <<<

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

Bank of India Rallied from 267 to 285 above the second target with a Profit of Rs.19000.

>>> Andhra Bank - As Posted Yesterday<<<

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

Yesterday - Wrote clearly - Andhra Bank completed Wave C and get ready for a pull back rally from here. See what happened today.

>>> Happened and Yet to <<<

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

We booked Part Profit for Rs.12000. So wait for more rally to come in.

>>> M&MFin <<<

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

M&MFin gave us Rs.10,000 Profit today. More rally coming !

>>> IDBI <<<

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

Yes again a Part Profit of Rs.8000. So wait for more upmove. Cheers!!!

Taken Support 7460

Dear All,

>>> Nifty - As Posted Yesterday <<<

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

Wrote Yesterday - Nifty can move up from here. See what happened.

>>> Happened and Yet to <<<

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

Yes we are long in Nifty. Still more to come.

>>> Bank of India - As Posted Yesterday <<<

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

Yesterday - wrote we are long on Bank of India. See what happened today.

>>> Happened <<<

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

Our First Target Achieved with a Profit of Rs.11000.

>>> Andhra Bank <<<

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

Just Buy Andhra Bank for a good Rally.

Support - 7420-7426

Dear All,

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

Another choppy day with out any major movement on screen. Yet we see channel support @ 7420 - 7426. Possible bounce back till the upper channel. Lets See.

>>> RCom <<<

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

Rcom - We Booked on First Target with Rs.10,000, But still lot of actions left on this counter as per chart attached above. Just wait and see.

>>> Bank of India <<<

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

Price took support @ 50% fib Level or Middle line of Pitchfork. Now if the support holds - get ready for a big bounce from here. Cheers!!!

Weekly Review - 14.07.0214

Dear All,

Nifty which had rallied to all-time highs finally succumbed to profit taking amid lack of major reforms announcement in the Budget and the uncertainty over implementation of the controversial General Anti-Avoidance Rules led to a sell off in the eventful week ended July 11.

GAAR :-

The Finance Ministry has clarified that no final decision has been taken on implementation of General Anti Avoidance Rules (GAAR).

This clarification came in the wake of reply given by the Government in Lok Sabha on Friday saying that GAAR will be introduced from April 1, 2015. This spooked the market which closed with loss. It may be noted that the previous government deferred introduction of GAAR for two years, that is, till March 31, 2015.

"The reply stated just the legal status. The Government is yet to take a view on introduction of GAAR," the Revenue Secretary Shaktikanta Das told in an interaction with industry captains on Saturday.

Foreign investors were pinning hopes on deferred applicability of the tax anti-avoidance law by another year to 2016. Comments by Nirmala Sitharaman, minister of state for finance, that GAAR would be applicable from April 1, 2015 led to a sell-off, said market players. The Budget was silent on the implementation of GAAR.

>>> Nifty - As Updated Last Friday <<<

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

Wrote last friday - Price and RSI broken the trend line. Advised caution...

>>> Happened and Yet to <<<

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

Yes, the fall continues... So where is the support... Lets see on Hourly chart also.

>>> Nifty - Hourly Chart <<<

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

Two Possibilities on the above hourly chart. First Wave B completed @ 7730.95 and the fall started for Wave C. Secondly Wave B is till continue with (a) and (b) completed on Wave B and a bounce for Wave (c) of B is pending.
Since RSI also holding when the price down on last friday - suggest a possible bounce back with a possible target of 7650 and 7700.

>>> Bank Nifty <<<

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

Bank Nifty have two possible alternatives. First wave (5) truncated and hence a larger a-b-c correction is ON.
Secondly Wave (4) is ON which may get supported @ 14240, 13885 or even a lower support @ 13380. Lets wait and see.

>>> Stock Performance Last Week <<<

>>> INFY <<<

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

>>> HCL Tech <<<

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

>>> Rel Infra <<<

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

>>> Performance Sheet for current Month - till 11th July 2014 <<<

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

Send email to niftyforall@yahoo.com for details.

Budget - Roller Coaster - Caution Ahead

Dear All,

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

Huge Swing on market - before and after budget. Though there was a rally during the day, unable to sustain, shows caution ahead. Nifty Price and RSI broken the Support Line. Now the strategy changing form " Buy on DIP's " to " Sell On Rise ". We also need more confirmation for it. Lets wait and see. Cheers!!!