Resistance 8400 & 8420

Dear All,

>>> Nifty - Hourly Chart <<<

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

It looks like posting a same chart again and again to me. Still side ways movement continues with lot of choppiness. 8400 and 8420 may act as an immediate resistance.

>>>> SRTRANSFIN - As Updated Yesterday <<<

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Wrote to sell the stock.

>>> SRTRANSFIN - Happened <<<

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Moved against our expectation - Exited with a Loss near to Rs.4000. Position Closed.

>>> Apollo Tyre <<<

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We are short in Apollo Tyre, Made a part booking @ 232. Stock made a intraday low of 229. Looks like more fall coming. Stay Short. Cheers!!!

Crude Oil - Buy on Dips - 4605 & 4520

Dear All,

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

4605 and 4520 - Support. Buy on Dips. Crude on last leg on Fall. Buy on Dips for a Big Bounce. Cheers!!!

Support 8290 & 8260

Dear All,

>>> Nifty - Hourly <<<

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

Side way move continues. If Price breaks above the small channel - shown on Chart - may trigger some buying. Though many indicators are on negative mode - its not a wise idea to go long. So lets wait and watch.

>>> Bank Nifty <<<

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Break down on Bank Nifty also. Lets See.

>>> SRTRANSFIN <<<

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Yes we are in short. Price gave a break down - after completing wave B, 127.2% retrace of Wave A. So if I am not wrong - expect a good correction from here onwards. Cheers!!!

Weekly Review - 10.11.2014

Dear All,

>>> Nifty Chart - Weekly <<<

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Three day trading last week - gave a red doji. May be a warning from Bear, but we still need more confirmation for a meaningful correction.

>>> Nifty Chart - Daily <<<

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8350 or 38.2% retrace looks important for Bulls. Both and Price and RSI must cross above for a next bullish upmove.

>>> Nifty Chart - Hourly <<<

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Lets wait for the next move.

>>> Bank Nifty - Daily Chart <<<

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38.2% retraced like Nifty and hit the resistance at 17360 with a Red colured Dragon Fly Doji. So we need confirmation this week for a clear decision.

>>> Last Week - Updates <<<

>>> Arvind - As posted on 06th Nov, 2014 <<<

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Wrote - Arvind was on a IHS break out.

>>> Arvind - Happened <<<

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Yes - We exited Long.

>>> ACC - As Updated on 03rd Nov, 2014 <<<

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Wrote - ACC is set for a fall.

>>> ACC - Happened <<<

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Break down failed and Exited short with loss.


>>> Performance till 07th Nov, 2014 <<<

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Send your email to niftyforall@yahoo.com for more details.

Support 8315 & 8300

Dear All,

>>> Nifty - Hourly - Updated on 03rd Nov, 2014 <<<

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Wrote on 03rd Nov, RSI broken the trend line.


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

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RSI continue its journey on the downside. Price still needs to break down below support line 8315 or 8300. Lets wait for it.

>>> ARVIND <<<

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Looks like a IHS. Buy for a good upmove. Cheers!!!

Resistance @ 8350

Dear All,

>>> Nifty - Daily Chart <<<

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

Almost 630 Points rally form 7723 to 8350 - which is 38.2% of Wave 1-3. So if 8350 Resistance - fails to cross - Expect some correction. Details on Hourly chart also.

>>> Nifty - Hourly Chart <<<

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

Retraced 100% of Wave (a)/(1) for Wave (c)/(3). RSI broken and if stays below, expect correction.

>>> ACC - As Updated Last Weekly Review <<<

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Wrote on last weekly Review - ACC - Finding a Resistance - Lets See the update also.

>>> ACC - Happened and Yet to <<<

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Yes - We are in Short. RSI confirmed the Break down. Now Price must confirm - Once break below 50 hma and Pitch fork. Just Sell.

Weekly Review :- 03.11.2014

Dear All,

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

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

Last week wrote - the above as a relief rally and what happened was a speedy rally due to flow of many good news from domestic and international side. We hit Stop Loss in all our shorts. So whats next ?. Lets See.

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

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

All explanations are on chart. Lets See more details on Nifty Hourly Chart also.

>>> Nifty - Hourly Chart <<<

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So the current upmove may be a-b-c or 1-2-3 - may face resistance @ 8330, 8420 and 8540.

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

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Wrote last week, upmove as a pull back rally. We hit our SL in Bank Nifty also, as market moved up above the trend and channel line. Lets see what happened and whats next !

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

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Crossed both Trend line and Channel. 17345 act as a Resistance.

>>> Bank Nifty - Hourly Chart <<<

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As per details on chart.

>>> ACC - Update <<<

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We initiated Short last week, still alive with the stop loss given on chart. If the channel as shown on chart breaks, then expect price to fall.

>>> Performance for the Month End - October 2014 <<<

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For details send email to niftyforall@yahoo.com

Gold - Update - 30.10.2014

Dear All,

>>> Gold - As Updated on 29th Oct, 2014 <<<

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As mentioned on above chart - All support broken and fell down. Now Whats next - Lets See.

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

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26560 Looks as a good Support. Price fell down as a-b-c and C wave completed its 1-5 fall as marked on chart. Now Expect a good bounce from here if 26560 holds. Cheers!!!

8180 - Is this a Double Top ???

Dear All,

>>> Nifty - As Posted Yesterday <<<

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Wrote Yesterday - channel acts as a resistance. Today the channel crossed and rallied till 8180. We hit Stop Loss. So lets see whats next.

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

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8180 looks like a double top, But if cross above 8180, some more upmove possible. So lets wait and see.

>>> Bank Nifty <<<

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RSI and MACD trying to give a Buy signal today. Should take care of that. If all happens with trend line break out on price, then rally to continue. Lets See. Cheers!!!

Crude Oil - Buy Triggered. Just Buy near 5080

Dear All,

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

Crude Oil - Buy Triggered. Just Buy near 5080. SL 4900. Good Rally coming.

Gold - Update - Fed Decision to Impact - 29.10.2014

Dear All,

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Fed Impact may give a heavy volatile on Gold. Caution.

Trend Line Resistance 8115

Dear All,

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Upmove still On. But Indicators still on negative side. Above Expanding Triangle on chart suggest caution still. FED to Decide the next course of move.


>>> Apollo Tyre - As Posted Yesterday <<<

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

Yesterday wrote - Price facing a resistance from a trend line, See what happened.

>>> Apollo Tyre - Happened and Yet to <<<

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As expected - Price resisted and still we need the price to break below the pitchfork for a good sell off.

>>> Bank of India <<<

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I hope the above chart is clear for you to understand that the BEAR is trying to make an entry in to the script. A Hanging man followed by a doji is a clear bear sign. But in case the price can move above the trend line - Upmove to continue. Else Heavy sell off may happen. Stay Cautious on Longs. Cheers!!!

Resistance @ 8035

Dear All,

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

Market made a pull back and resisted @ 8035. If able to cross and hold above 8035 and 8080 then rally may continue. Apart from technicals - Fed Decision today - should give a clear direction. Break below 7975 and 7935 should trigger a good fall. Lets Wait and See.

>>> Apollo Tyres - As Updated Last Weekly Review <<<

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Wrote - Apollo Tyre on Bearish side.

>>> Apollo Tyre - Happened and Yet to <<<

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We book a Part profit today. Late Trade had a spike which took support from the channel bottom as shown on chart. Now 222 should act as a key resistance.

>>> ACC <<<

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After making a V shape recovery - Stocks having a resistance at 1480-1482 level. If the channel gets break then expect a good sell off. Cheers!!!

Support @ 7975 & 7935

Dear All,

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

Broken the wedge. Now Supports 7975, 7935 and 7895 - Unable to hold, Expect more fall.

>>> Bank Nifty <<<

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

Lets wait for the channel to get break for a fall. Else may take an one more upmove.