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Friday, October 24, 2014

Weekly Review 27.10.2014

Dear All,

>>> Nifty - Daily - As posted last weekly review <<<

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

Wrote Last week the importance of 100dma & Support - 1 for bulls. See what happened.

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

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

As expected relief rally happened last week. Though We don't expect it to continue, as it can be a throw back. So lets see in details what's next on hourly chart.

>>> Nifty - Hourly - As posted last weekly review <<<

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

Wrote Last weekly Review - If the Wedge bottom holds then expect a rally as given on chart. See what happened.

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

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

Yes, All our Target Achieved and made a high of 8030. So now 8030 looks as a strong resistance. If unable to cross above and break below the raising wedge may trigger a sell off. Caution advised. Yes we have shorted too.

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

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

Last week wrote - Relief rally ON since price was above 100 dma. As said rally continues and lets see whats next ???

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

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

Bulls need to cross the Resistance Trend line as shown on chart to move further Up. But the present rally should be a throw back rally, as it already broken the trend line. If this chart is not wrong, then expect some fast sell off in coming days. Yes we are in short mode in bank nifty also. Lets See.

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

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

Wrote Last Week - Bank Nifty was a Break out Candidate. See what happened.

>>> Bank Nifty - Hourly - As Posted on 20th Oct, 2014 <<<

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

Yes we made 390 Points and wrote about next resistance too. See what happened.

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

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

Resisted at 161.8% - If unable to cross above then expect a fall. Just Sell. We are in Short on Bank Nifty also.

>>> Last Week Chart Performance <<<

>>> Tata Power - As Posted Last Weekly Review <<<

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

Wrote last week to Buy Tata Power - See what happened.

>>> Tata Power - happened <<<

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

Earlier we had an exit with a loss of Rs.16000 (ref Performance Sheet), has been recovered by the second entry with a profit of Rs.20,000. Now 87 SL looks important and there is a minor break down. Lets See.

>>> Arvind - As Posted on 21st Oct, 2014 <<<

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



We are long since 281. See what happened.

>>> Arvind - Happened <<<

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

Yes We booked 34000 Profit near 298.

>>> Performance <<<

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

Send email to niftyforall@yahoo.com for details.

>>> Stock of the Week - Apollo Tyre <<<

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

Just Sell and Earn

Tuesday, October 21, 2014

Resistance @ 7934

Dear All,

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

Resistance @ 7934, if unable to cross then may test the given support. Else upmove to continue.

>>> Tata Power <<<

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

Last weekly Review - Have given Tata Power. Earlier we exited with a loss and re-entered and made a profit of Rs.20,000/-. Stocks still looking good for a rally.

>>> ARVIND <<<

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

We are long since 281 from Yesterday. Today stock made a high of 296 - almost near to our First Target. We had a Part Profit of Rs.20,000/-. More Rally coming. Cheers!!!

Monday, October 20, 2014

Aluminium - Target Achieved - Book Profit

Dear All,

>>> Aluminium - As Posted on 14th Oct, 2014 <<<

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

Wrote on 14th Oct to Buy Aluminium at 118. See what happened.

>>> Aluminium - Happened <<<

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

Almost hit 121 today. Book Profit.

Copper - Get Ready to Buy near 402

Dear All,

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

Copper - Buy near 402. cmp: 406. Keep Support 392-394 as SL. Cheers!!!

Resisted @ 7898

Dear All,

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

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

Wrote on last weekly review - about a wedge break out and possible Target. See what happened today !!!

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

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

Second Target @ 7898 done. Lets look for next 2 levels also.

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

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

Wrote - we are long in Bank Nifty - See what happened today.

>>> Bank Nifty - Happened <<<

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

Almost 390 Points Profit on a gap up opening. So lets wait and see what happens about the next resistance. Cheers!!!

Sunday, October 19, 2014

Weekly Review - 13.10.2014

Dear All,

>>> Nifty Daily - Chart <<<

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

Price holding 100dma, inside the Wedge, above 7750, So expect relief rally. So whats the target???, Lets see it on Hourly chart in detail.

>>> Nifty Hourly - Chart <<<

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

Yes Nifty heading towards 7830, 7900 and 7950, But price should hold the wedge bottom as shown on chart.

>>> Bank Nifty - Daily - Chart <<<

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

Broken the trend line, hence trend remain down, and presently trading above 100dma. So a relief (pull back) rally possible. Lets see what's next. Lets see it on Hourly chart.

>>> Bank Nifty - Hourly - Chart <<<

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

Yes 16000 and 16150 on card. And also we are long in Bank Nifty too.

Weekly Stock Pick :-

>>> Tata Power <<<

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

Tata Power broken out of the falling wedge. MACD on a positive divergence. Just Buy for rally.

>>> Performance <<<

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

Email to us on niftyforall@yahoo.com for details.

Thursday, October 16, 2014

Support @ 7730

Dear All,

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

Finally 7730 Should give support at the end of falling edge. Also 100dma to be watched. Lets See.!!!

Tuesday, October 14, 2014

Aluminium - Buy on Break Out

Dear All,

>>> Click the chart to see on full screen <<<
Buy on Break out. Cheers!!!

Gold - Update - 14.10.2014 - Profit Nearly 500 Points.

Dear All,

>>> Gold - As Updated on 23rd Sep, 2014 <<<

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

On 23rd Sep, 2014 - Wrote to Buy Gold near 26730 with Support of 26467. See what happened.

>>> Gold - Happened and Yet to <<<

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

Nearly 500 Pts Rally. Can Book Profit here. Once the Channel breaks as shown on chart - Fresh entry can be done. Cheers!!!

We need a Break Out from Falling Wedge !!!

Dear All,

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

Yes, MACD and RSI on a Positive Divergence. So if bulls need an Upper Hand - We need a break out from the Wedge. Lets Wait and See.

>>> RECLTD - As Posted on 09th Oct, 2014 <<<

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

Wrote on 09th Oct, 2014 - as a break out. See what happened today.

>>> RECLTD - Happened <<<

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

Booked Profit nearly 20,000.

>>> Rcom <<<

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

Earlier we have booked Rcom @ 107 and re-entered today with a revised SL. As per channel support - we expect more bounce from here. Lets See. Cheers !!!

Monday, October 13, 2014

Resistance @ 7893 & 7952

Dear All,

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

High Volatile - Market looks dangerous at every move. Lot of alternatives available in this complicated correction. The 3 Letters a b c can be kept any where on the above chart, looks matching. Hence I called this as a dangerous move. Lets wait for a clear picture very soon. Cheers!!!

Saturday, October 11, 2014

Weekly Review - 13.10.2014

Dear All.

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

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

Last week wrote about importance of 7841 and 50dma. Lets see what happened and Yet to ...

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

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

Breached trend line Support, 50dma and 7841. Now the trend remains sell and fall may continue.

>>> Nifty - Hourly Chart <<<

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

Thursday Rally halted @ 78.6% or 7965 and friday fall halted @ 7848 or 78.6%. So now we expect to rise till 8006 if the support 7848 or 78.6% holds next week.

>>> Bank Nifty - Hourly Chart <<<

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

Bank Nifty - Thursday Rally was retraced @ 127.2% of Wave a. Now if the 2 supports given on chart holds, then expect a pull back near 15940.

>>> Weekly Chart Performance <<<

>>> Tata Steel <<<

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

Made 20,000 in just 2 days. First Target met @ 460.

>>> Andhra Bank <<<

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

Booked Rs.12000 in 1 day. First Target met @ 68.

>>> RelCapital <<<

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

Part Profit Rs.20,000 in 1 day. Still a Buy on Dips.

>>> RECLTD - As Updated on 09th Oct, 2014 <<<

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

Have advised to buy RECLTD on 09th Oct, See what happened.

>>> RECLTD - Happened and Yet to <<<

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

RECLTD made a high of 256.8 on Friday. We had a part profit @ 253 with Rs.10,000.

>>> Performance <<<

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

Send email for more details to niftyforall@yahoo.com