Weekly Review - 08.12.2014

Dear All,

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

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

Just wanna remind you what we have posted last week about Nifty ?. When all Channels and media's are talking about nifty with a Target of more than 1 Lakh plus after 10 or 15 Years - Praising PM - Modi's Effort will push Nifty to new high - I don't think it wont help for a trader like us - who trade to book profit next week or next month or even an investor who take a call for 1 to 2 Year.

We need to look in to market which will give us a result next day / next week or next month. So lets move ahead with chart and nothing else.

Last Week I wrote - 8617 or near by shall be an interim top, Advised every one to stay caution.

Though nifty had a very choppy week - Made a high of 8627 and made a low of 8505, Moved inside a range of just 120 pts. Looks like Nifty waiting for some thing else.

I am sure that many have confused with Nifty movement and might have incurred loss heavily in this upmoving market than a bear market crash.

Many midcap stocks have started correcting - mean while nifty continue to keep holding on the top, Means some heavy players are on distribution phase, while retailers are still buying. So what will happen once their distribution completes.

So Stay caution - If you are not a short trader - atleast take care of your long.

>>> Nifty - Hourly Chart <<<

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

Hourly chart - Shows how clearly price trading below the trend line - Final leg was moved as a-e. Clear sign from Bear. Stay caution - next week.

>>> Bank Nifty - Daily Chart <<<

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

Final Leg retraced exactly 50%. If unable to cross above it next week may trigger a heavy sell off. Cross above it may move towards 61.8% retrace as shown on chart.

>>> Bank Nifty - Hourly Chart <<<

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

First bear signal - Price and RSI broken down on Hourly chart. Lets see how its going to work on Next Week.

>>> Weekly Stock Charts <<<

>>> ASHOK LEYLAND <<<

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

Yes we are on short again form 55 level. Earlier we have booked our short @ 50 level and this week shorted again @ 55. Expect some good fall from here onwards.

>>> ICICI BANK - As Posted on 04th Nov, 2014 <<<

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

04th Nov, Wrote - ICICI bank might have completed its 1-5 wave upmove. Lets see whats next

>>> ICICI BANK - Happened and Yet to <<<

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

Watch out for the two supports given on chart. If breaks then Fall to continue.

>>> Biocon <<<

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

Keep Selling on every rise - Free Fall to continue if unable to cross above 475 level.

Send Your Queries to niftyforall@yahoo.com for Details

Resistance 8624 & 8700

Dear All,

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

Explanations as given on chart.

>>> Apollo Tyre - As Updated on last weekly review <<<

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

Apollo Tyre - given on last weekly reivew.

>>> Apollo Tyre - Happened <<<

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

Stopped Out on Short. Now - Price moving up - may touch the top of the channel as show on chart. Lets wait and see.

>>> ICICI Bank <<<

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

If able to cross today high, expect selling in coming days. Cheers!!!

Below 8530. Watch 50 HMA @ 8520

Dear All,

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

Above chart shows - how price move up from 7723 and trying to break below the trend line also. Now 50 Hourly Moving average looks important and if breaks below may trigger some serious selling. Lets wait and see.

Support @ 8534 & Resistance @ 8610

Dear All,

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

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

Wrote last weekly review - 8610 may resist. See what happened.

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

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

Immediate Support @ 8534. RBI Decision tomorrow. Interesting day tomorrow. Get ready for roller coaster. Cheers!!!

Weekly Review - 01.12.2014

Dear All,

>>> NIFTY - Monthly Chart <<<

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

Wave 1 = Wave 3. Exactly a 4086 Points Rally has been completed since 4531. So till Friday 8617 is a 100% completion of Wave 1. Until we get a solid break down - the rally may once again keep continuing. But remember all the divergence are negative and if there is a correction - it can be a dangerous and damaging fall. Caution advised

>>> Nifty - Hourly Chart <<<

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

Looks like Price topping out. GDP Data released on Friday and RBI Policy on Dec 02nd - may give a lot of volatile next week. Interesting week ahead. Lot of discipline needed protect your capital. Though we remain on short and will continue to add position.

>>> Bank Nifty - Hourly Chart <<<

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

How many of you can believe that a Major index like banking index can move up with a negative divergence nearing to a month. If you don't believe, its a fact. Major fire works may happen post RBI Decision. Lets wait for it.

>>> Weekly Chart Performance <<<

>>> Ashok Leyland - Happened <<<

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

Updating about Ashok Leyland for last 2 weeks and finally We booked on our first Target at 50 with a Bumper Profit of Rs.66000. Price hit a low of 48 also.

>>> Yes Bank - Happened <<<

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

Last week we had a sell call on weekly review to sell Yes Bank. As expected a low of 671. We had a part booking at 680 with a profit of Rs.10,000 and hit SL @ CTC.

>>> Stocks for Next Week <<<

>>> ICICI Bank - As Updated on 25th Nov, 2014 <<<

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

Above chart was updated on 25th Nov for a Sell call. Later we booked also @ 1710 with a Profit of Rs.10,000. But on friday rally - Price moved up. So whats next !!!

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

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

Above hourly chart - looks like - Price on a last leg of upmove. If this is not wrong - then expect a good correction. If you are short in this stock as per our previous update, continue to hold it. Though we have an RBI decision on card - Keep shorting on every rise. Expect a good fall next week.

>>> Apollo Tyre <<<

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

Yes, We are short in apollo Tyre. Keep Selling on every rise also. Cheers!!!

>>> Performance for the month end of Nov, 2014 <<<

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

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

Resistance @ 8512 & Support @ 8430

Dear All,

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

Lets wait and see how the Support & Resistace violated on either side.

Support @ 8430

Dear All,

>>> Nifty <<<

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

8430 - if breaks then fall may continue.

Failed to Hold 8500 !!!

Dear All,

>>> Nifty <<<

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

Failed to hold 8500 and the Ascending expanding triangle break out also. We need more confirmation to find out next move. Lets wait and watch.

>>> Ashok Leyland - As Updated on 17th Nov, Weekly Review <<<

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

We wrote on 17th Nov, Weekly Review to Sell Ashok Leyland @ 56 onwards. See what happened today.

>>> Ashok Leyland - Happened <<<

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

Its a Real Jackpot for Us. We are short from 56 onwards and we booked our First Target today at 50 with a Jackpot of Rs.66000/-. Price also touched a low of 48. Get ready for more fall, Keep selling.

>>> Yes Bank - Updated on 22nd Nov, 2014 <<<

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

Wrote on last weekly review to sell Yes Bank with reason. See what happened.

>>> Yes Bank - happened and Yet to <<<

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

As said - Price started breaking down. We booked some part profit of Rs.10000. Break below the neck line may trigger more fall. Keep Selling on every rise.

>>> Bata India - As Updated on 20th Nov, 2014 <<<

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

Wrote on 20th Nov, 2014 to Sell bata india below the support line. See what happened.

>>> Bata India - Happened and Yet to <<<

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

Broken the second support line - Expect more fall.

>>> ICICI Bank <<<

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

If unable to cross above the top Channel - the a correction is un-avoidable. Just Sell.

8598-8600 may Resist

Dear All,

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

Nifty above the first Resistance - Looks like momentum is still on. So lets wait for the 2nd One.

Weekly Review :- 24.11.2014

Dear All,

>>> NIFTY <<<

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

An unexpected Rate Cut from Chinese Central Bank - Hawkish comment from Draghi - Expectation fuelled Nifty to rally to new high near 8490. From 03rd Nov to till date - Nifty continue to trade inside the Ascending Expanding Traingle or say - its Struggling inside it. 8490 or the Channel top may give a tuff Struggle for bulls once again to cross above it.

To be clear - Many stocks have stopped participating with Nifty's upward journey in the last week. So wait and watch for next move - next week.

>>> BANK NIFTY <<<

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

After breaking out the channel 13th Nov, till last friday - Price continue to rise for a 5th extended wave and resisted last friday. Looks like the 5th wave completed. Lets wait for the next move.

>>> Stocks Performance - Last Week <<<

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

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

Wrote clearly last week about colpal - its a Red Doji on top - Sell and earn it. See what happened.

>>> ColPal - Happened and Yet to <<<

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

Just in a Week - we made a hand full of Profit Rs.13750. Out First Target 1900 reached form 2010. Still stocks looking for more slide.

>>> Ashok Leyland - As Updated Last Weekly Review <<<

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

AshokLeyland was a Jack Pot Call we wrote about it Last Week. If you have shorted it, then you must have made a Big Money. See what happened.

>>> Ashok Leyland - Happened and Yet to <<<

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

We had a Part booking @ 53. Lot size is 11000. Price reached a low of 51.70. More fall on card. Sell on every rise. Get ready to make tonnes of money soon.

>>> CESC - As Updated on 17th Nov, 2014 <<<

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

Wrote clearly on 17th Nov, looks like a Head and Shoulder formation on chart. See what happened.

>>> CESC - Happened and Yet to <<<

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

We booked @ first Target 720 with a Profit of Rs.15000. If the price break the neck line, just imagine the fall and the profit. Get ready to count your tonnes of money soon.

>>> Andhra Bank - As Updated on 19th Nov, 2014 <<<<

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

Andhra Bank also we wrote to sell on 19th Nov at 89. See what happened.

>>> Andhra Bank - Happend <<<

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

Price reached 84 next day with a Profit of Rs.20,000.

>>> Bata India - As Updated on 20th Nov, 2014 <<<

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

So far we have booked Rs.10,000 and still looking for more fall. Keep selling on every rise for a good fall in coming days.

>>> Yes Bank - As Updated on 20th Nov, 2014 <<<

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

We have short Yes Bank on last Thursday - Same day RBI have give a green signal to FII's for buying Shares in Yes Bank. Thanks for many of our blog readers who have send email to us regarding the same on thursday evening itself. We also exited with Loss and Sold again at higher level. Why ??? See the below given chart.

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

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

Above hourly chart - first broken the channel and next day jumped and touched the channel again. Looks like a head and shoulder if unable to cross above the resistance line.

Ok apart form technicals there is a news also. You all must have heard about KotaK - Ing Vysya Bank Deal. Here is the news which i feel as a bad news for Yes Bank.

Kotak Mahindra, with total assets of Rs.95,430 crore on a stand-alone basis, was behind Yes Bank Ltd’s Rs.1.16 trillion of assets at the end of September. The acquisition of ING Vysya Bank will take Kotak Mahindra Bank’s assets to Rs.1.6 trillion, giving it a sizeable lead over Yes Bank.

If the above news if not good for Yes Bank - then lets see what will happen next Week. Come Les't Celebrate the fall and enjoy. Cheers!!!

>>> Performance till 21st Nov, 2014 <<<

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

send email to us on niftyforall@yahoo.com for more details.

Crude Oil - Buy Triggered above 4720 - Target 4820 & 4890

Dear All,

>>> Crude Oil - As updated on 18th Nov, 2014 <<<

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

Wrote on 18th Nov, 2014 to Buy above 4720.

>>> Crude Oil - Happened and Yet to <<<

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

Yes Buy Triggered Now. Get Ready for 4820 and 4890. Just buy and Enjoy the rally. Cheers!!!