NiftyforAll

Thursday, February 19, 2015

Resistance @ 8913-8915. Support @ 8766 & 8735

Dear All,

>>> NIFTY - Hourly Chart <<<

Looks like an small expanding triangle. If 8913-15 Can't Cross, may test 8766 and 8735 on the downside.

>>> Bank Nifty - Hourly Chart <<<

Earlier on the Day - Have alerted our Clients about the possibilities of testing 18876, Exactly test 18876 as given. Later a Buy call was given to our clients, as posted on chart. Buy given near 18990-19000. Price Made a High of 19260 today itself.

If the Resistance 100 Hour Moving Average crosses as shown above, then Expect a good Rally. We had our Longs, will wait till our Targets get achieved.

>>> TATA MOTORS <<<

We shorted near 583 and had a Part Booking of Rs.5000. Above chart shows - the corrective upmove ended after filling the gap. Now if the price breaks the channel as shown on chart, then expect a free fall.

>>> Just Dial - As Posted Yesterday <<<

Yesterday we have posted the above chart on Just Dial, Mentioned to Buy. See what happened today.

>>> Just Dial - Happened and Yet to <<<

As Expected today Just Dial Moved UP even in the negative market, We are holding our Long, Waiting for a good upmove. If the Trend line breaks out - as shown on chart, Expect a good rally. Cheers!!!

Wednesday, February 18, 2015

Resistance @ 8885. Support @ 8766

Dear All,

>>> Nifty <<<

Resistance 8885 and Support @ 8766.

>>> Just Dial <<<

Just Buy Just Dial. We are Long. Cheers!!!

Monday, February 16, 2015

Support @ 8766 & 8735

Dear All,

>>> Nifty Hourly Chart <<<

Above Chart reveals how Moving Average Cross Over helping the Bulls. As per EW markings, Current upmove started as 1-5 from 8470 and currently price moving down as corrective phase for wave (iv), support should be at 8766 and 8735. Once the (iv)th sub wave get completes the upmove should resume once again. Just remain Long till then.

>>> RCOM <<<

We are Long in Rcom since 71. Price closed today @ 75. As shown on above chart, If price breaks the Trend line - Fresh Short Covering and Rally to come in. RSI already in a Break Out Mode. Just Buy Buy and Buy. Cheers!!!

Saturday, February 14, 2015

Weekly Review - 16.02.2015

Dear All,

After poor Q3 results from many companies, SBI made a Better than Expected result on Friday, though raise in NPA boosted sentiment in our Market. After lose in Delhi election, BJP expected to give a reforms oriented budget scheduled on Feb 28th, 2015. Upbeat German data boosted sentiments in European Market also gave strength to the bulls.

The government on Monday estimated India’s economic growth this financial year at 7.4%, against 6.9% in 2013-14, as the country changed its definition of gross domestic product (GDP) and the base year for calculating it.

Consumer Price Index (CPI)-based inflation rose in January compared to December, another set of data showed while the Industrial growth slowed to 1.7 per cent in December from 3.9 per cent in November, owing to low consumer durable goods and mining output. The Reserve Bank of India has set a target of restricting inflation to eight per cent by January 2015 and six per cent in January 2016.

We have covered our Shorts on Nifty and Entered Long on 10th Feb @ 8530 with a big Target. Lets see more about it on technical Charts as follows.

>>> Nifty - Weekly Chart <<<

Very Good support given from 15 Week Moving Average to Bulls. A Bullish Candle looks in favour of Bulls in coming weeks also. Short Sellers watch Your Stop loss.

>>> Nifty Daily Chart <<<

As shown on above Daily Chart - Price should move towards the upper end of the channel as a Pre-Budget Rally. Probably above 9000+.

>>> Nifty Hourly - As Posted on 12th Feb, 2015 <<<

As Posted on 12th Feb, Our Nifty long on first Target.

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

Mode a 300 Points Profit so far. Two hurdles for bulls on hourly chart Next Week. 8840 and 8884 may resist.

>>> >>> Block Buster Chart of the Week <<<

>>> Grasim - As Posted on 09th Feb, 2015 <<<

Wrote on 09th Feb, We have booked 25K and look for a bounce back to re-enter short. See what happened.

>>> Grasim - As Posted on 12th Feb, 2015 <<<

As updated on 12th Feb, We have re-entered short @ 3860 for a sell off agian. Lets Wait and See.

>>> BIOCON <<<

We are long since 429 and we still hold for a good upmove. Price if breaks above channel as shown on chart, Expect a big upmove next week. Just buy and enjoy the rally.

>>> Hexaware <<<

UPmove competed as 1-5 as shown above. Expect a sell off if the Trend line doesn't crosses.

>>> PERFORMANCE - As On 13th Feb, 2015 <<<

You can send us email to niftyforall@yahoo.com for details.

Thursday, February 12, 2015

Hurdle @ 8733 & 8795

Dear All,

>>> Nifty - As Posted Yesterday <<<

Yesterday - Updated as - if breaks above 8646 - may test 8671 and 8733. See what happened ???

>>> NIFTY - Happened and Yet to <<<

Today we have booked 160 Pts on our Long. Now 8733 & 8795 Act as a Stiff Resistance, Unable to cross may trigger sell off.

>>> Bank Nifty - As Posted Yesterday <<<

After RSI break out - Have written yesterday to look for a short covering, See what happened.??

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

19250 and 19567 must be the key resistance. Lets wait and see.

>>> GRASIM - As Posted on 09th feb, 2015 <<<

Earlier we have booked Rs.25000/- On Short call, and mentioned that the price may bounce back as shown on chart. See what happened.

>>> GRASIM - Happened and Yet to <<<

As expected or written on 09th Feb Post, Price bounce back till 3931. We have re-entered Grasim short @ higher level again. Lets Wait and see for a good correction. Cheers!!!

Wednesday, February 11, 2015

More Rally above 8646 ?!?!

Dear All,

>>> NIFTY - As Posted Yesterday <<

Wrote Yesterday - Need Nifty may bounce back. See what happened ?

>>> NIFTY - Happened and Yet to <<<

As expected Price rallied and RSI on a good break out. Now price should break above 8646 for a rally towards 8671,8733 and 8795.

>>> Bank Nifty - As Posted Yesterday <<<

Wrote on Bank Nifty also to expect a bounce back, after RSI gave a good break out. See what happened.

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

Price rallied still 19051 and expect more such upmove.

>>> HEXAWARE <<<

Almost completed 1-5 Rally. Now if channel can't break out, Expect a good Sell Off. Cheers!!!

Tuesday, February 10, 2015

Resistance @ 8645

Dear All,

>>> NIFTY <<<

Volatile day. Tomorrow if trades above 8645 - Good Bounce expected.

>>> Bank Nifty <<<

completed 1-5 downside. RSI on break out mode. Wait for rally.

Monday, February 09, 2015

Support @ 8520 / 8466 & 8400

Dear All,

Greek collision with Europe / Muted Earnings on Q3 / Delhi Exit Polls in favour of AAP - Nifty made a gap down and continue to fall. Above chart shows the fall was like W-X-Y. 8520 - 8466 and 8400 Should support Nifty.

>>> GRASIM - As Posted on Weekly Review <<<

Wrote on Weekly Review - Head and Shoulder Broken - See what happened ?

>>> GRASIM - Happened and Yet to <<<

Almost 200 Points fall from 3900. Almost Profit of Rs. 25000/- so Far. Now we expect some relief rally on stock, from where expect a sell off once again. Cheers!!!

Saturday, February 07, 2015

Weekly Review - 09.02.2015

Dear All,

Markets Friday ended lower for a sixth straight day due to disappointing third quarter numbers posted by blue-chip companies, including Tata Motors. Concerns that the Bharatiya Janata Party (BJP) might face defeat in the Delhi Assembly elections also weighed on investor sentiment. Market posted a second straight weekly loss, mainly dragged by weak corporate earnings and increase in bad loans at state-owned banks.

Below-expected quarterly numbers were largely responsible for poor show this week. The PSU bank numbers raised concerns over their asset quality. Tata Motors’ results also failed to meet expectations.

Going ahead, markets will focus on the outcome of the Delhi Assembly elections, remaining quarterly numbers and the Budget. A growth-oriented Budget with structural reforms will lead to further re-rating of the markets. However, any disappointment in the Budget will be a negative for the markets.

Power stocks also saw a sell-off on Delhi elections worries. The Aam Aadmi Party (AAP), considered to be the front-runner, has promised cut in rates and to audits power companies.

Most opinion polls peg Arvind Kejriwal-led AAP to win the Delhi elections. If the opinion polls turn out to be true the market could come under further selling pressure.

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

As we posted on Last weekly Review about Nifty Daily - More downside left from 8809. See what happened ??

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

An Interim Support may help the BULL, But if breaks the Support again, Price may drift heavily. Lets see whats are the chances left in Hourly chart also.

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

Yes, We had our Short on Nifty - As the Price broken the channel - See what happened and what's Next !!!

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

Price may get support @ 8616 or 50% Golden Retrace @ 8616. If breaks 8616 then price may test the second support @ 8527. Should watch RSI also, if helps the bull, then a fast rebound possible.

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

Bank Nifty - As posted on Last Weekly Review - Price fell down from 19844 to 18786. Now lets see what's Next ?.

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

Price may get an interim support as shown on above chart. Lets see in detail on Hourly Chart too.

>>> Bank Nifty Hourly <<<

Price falling as 1-5, almost nearing to end its 5th wave fall. Its very clear that bear getting weak on the 5th wave fall. When the price fell down from 19991 to 18818 - RSI not supporting or falling along with Price. As per EW Price may get its support at the end of 5th wave @ 18650. In such a case - expect a speedy pull back.

>>> Blockbuster Stock's - Charts of the Week <<<

>>> CANBK - As posted on 22nd Jan, 2015 <<<

Wrote to Sell CanBk - As the formation was a Bearish Raising Wedge.

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

Yes, We wrote on Last Weekly Review also - Canbk to Short Sell on every rise. See what happened ??

>>> CanBk - Happened <<<

Patience Paid. Yes, Price broken down from the raising wedge and Our Short on CanBk gave us a Profit of Rs.26000/-.

>>> ASHOKLEY - As Posted on 29th Jan, 2015 <<<

On 29th Jan, 2015 - We updated with a Ashok Leyland Chart for Short Selling. We had our short from 69 Onwards. See what happened.

>>> ASHOKLEY - Happened as on 04th Feb, 2015 <<<

Ashok Leyland - Short call fetched us Rs.48000 Profit.

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

Mentioned on chart, UPmove ended as 1-5 and we shorted @ 880 (wrongly quoted as 885 on chart).

>>> YESBANK - Happened as on 03rd Feb, 2015 <<<

Price hit our First Target 800, Yes Bank gave us a Profit of Rs.40,000 on the first Target.

>>> TATAMOTORS - As Posted on 04th Feb, 2015 <<<

Wrote on 04th Feb, 2015, that we are short on Tata Motors from 610 onwards. See what Happened ?.

>>> TATAMOTORS - Happened <<<

After the Poor Results, Price made a gap down opening and we hit our First Target and made a profit of Rs.30,000/-

>>> GRASIM <<<

Yes - We initiated Short on Grasim at 3900. On Friday, Price broken below 3800 - looks like a Head and Shoulder Break down. We had our Part Booking of Rs.12500. More fall expected Next Week.

>>> PERFORMANCE - As on 06th Feb, 2015 <<<

For details of our Service - Send email us to niftyforall@yahoo.com. Cheers!!!