NiftyforAll

Sunday, April 12, 2015

Weekly Review - 13.04.2015

Dear All,

Markets have registered gains for the second straight week after global rating agency Moody’s raised India’s credit outlook to ‘positive’ from ‘stable’, anticipating policymakers' actions will lift India’s economic growth.

A stellar performance by Reliance Industries’ (RIL) after a significant recent gas discovery, MJ-1, coupled with a strong rally in the fast moving consumer goods (FMCG) stocks on renewed buying interest at attractive valuations lifted the benchmark indices higher.

In the week ended April 10, the 30-share Sensex ended up 619.24 points, or 2.19 per cent, at 28,879.38 and the 50-share Nifty ended up 194.10 points or 2.26 per cent, at 8,780.35.

The broader markets outperformed the benchmark indices as investors bought mid-cap and small-cap shares at attractive valuations. BSE mid-cap index advanced 342.60 points, or 3.19 per cent, and small-cap index gained 699.61 points, or 6.28 per cent.

“The market showed a steady trend last week with a positive bias with buying emerging at every correction. The highlight was, however, the mid-cap and small-cap segments of the market which saw strong buying in several counters. For the coming week, some consolidation could be seen with moves mirroring sentiments post the beginning of the corporate results particularly TCS (Tata Consultancy Services), which could have a bearing on the IT pack. However, positive price action could continue in the mid-cap small-cap segments,” said K Subramanyam, co-head (equity advisory) at Altamount Capital.

Key events of the week
The Reserve Bank of India (RBI) governor Raghuram Rajan on Tuesday held repo rate unchanged at 7.5 per cent, as expected. Further, the cash reserve ratio, which is the amount of deposits that lenders must keep with RBI, was also left unchanged at four per cent. Moody’s ratings revised India’s sovereign rating outlook to ‘positive’ from ‘stable’ on Thursday, a step closer to an upgrade of the credit rating.

According to the Society of Indian Automobile Manufacturers, domestic passenger car sales grew 2.64 per cent to 176,011 units in March from 171,491 units in the same month of last year and motorcycle sales last month dipped 5.22 per cent to 8,59,521 units against 9,06,901 units a year earlier.

Real estate companies’ shares closed higher on the bourses on media reports that the Union government cleared amendments to the Real Estate (Regulation and Development) Bill, 2013, paving the way for legislation on regulators for the sector. Anant Raj, HDIL, Sobha Realty, Oberoi Realty and Unitech gained up to 31 per cent.

Further, markets will react to the industrial production data for February released on Friday after market hours. Also, investors will cautiously await for the consumer price index and the wholesale price index, which will be unveiled next week.

>>> Nifty Weekly Chart <<<

Clear Support taken from 8274, Nifty bounced for the last 2 weeks - Nearly 500 Points.

>>> Nifty Daily Chart - As Posted on 28th March, 2015 <<<

Have wrote 8269-73 as a good Support. See what happened after that.

>>> Nifty Daily Chart - Happened <<<

Yes, We are long from 8450. Now if 8794 crosses - Fresh Rally Possible. RSI on a Break Out.

>>> Nifty Hourly Chart <<<

Moving Average Cross over gives more strength. Price if able to cross above 8794 may trigger Fresh Rally and short covering.

>>> Nifty 5 Minuit Chart <<<

Its an Alternative count for an Uptrend. Possibly it must be right if Nifty cross and holds above 8794.

>>> Bank Nifty Daily Chart <<<

Price still moving inside the channel. 17720 gave support at the channel. We are long since 8000 as on 27th March, 2015. Almost we have a 800 Point gain so far.

>>> Bank Nifty - As Posted on 27th March, 2015 <<<

If you are a regular reader - You must not have forgotten the above chart. See what happened now.

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

100 day moving average and 18800 key resistance. Cross above may move till 19130. Just hold Your longs.

>>> Stock Performance of the Week <<<

>>> ITC - As Posted on 28th March, 2015 <<<

Wrote on 28th March to Buy ITC. See what Happened !

>>> ITC - Happened <<<

Booked Profit @ 346 and Made Rs.30,000.

>>> ALBK - Posted on 08th Apr, 2015 <<<

Wrote on 08th April to Buy Albk. See what happened?

>>> ALBK - Happened and Yet to <<<

Both Price and RSI on a good Break out. Get Ready for a good Rally. Don't forget to buy on dips.

>>> Hindalco - As Posted on 07th April, 2015 <<<

More Rally Possible, Just buy on Every dips for a Good Rally.

>>> TATA STEEL <<<

349 - Resistance if able to cross - More Rally on Card. Just Buy on dips.

>>> Performance till 10th April, 2015 <<<

Please send email to niftyforall@yahoo.com for details of our service.

Thursday, April 09, 2015

Above 8794 - Fresh Short Covering & More Rally.

Dear All,

Rating agency Moody’s Investors Service on Thursday gave a much-needed booster to the Narendra Modi government ahead of the prime minister’s visit to France, Germany and Canada by revising India’s sovereign credit rating outlook to positive from stable.

However, the agency reiterated India’s sovereign credit rating at the lowest investment grade of Baa3, pointing out its weaker performance relative to peers on fiscal, inflation and infrastructure-related metrics.

The decision to upgrade the country’s rating outlook was taken at a meeting of the rating committee of Moody’s on 7 April. “The main points raised during the discussion were: The issuer’s economic fundamentals, including its economic strength, have materially increased. The issuer’s institutional strength/framework has materially increased. The issuer’s fiscal or financial strength, including its debt profile, has not materially changed,” the rating agency said in a statement.

India’s chances of a sovereign rating upgrade over the next 12-18 months is greater as investments are expected to revive, growth to improve and inflation to stay modest, Moody’s sovereign rating analyst Atsi Sheth said on Thursday.

>>> Nifty Daily - Posted on 28th March, 2015 <<<

Above chart posted on 28th March, 2015. We have advised our Clients to go Long from 8450. See what happened today.

>>> Nifty Daily - Happened <<<

So the entire scenario may change if nifty able to cross above 8794 as shown on chart. Fresh Short Covering and Rally possible. So why and how, Lets see in detail on 5 min chart - which can be an alternative with Bulls side.

>>> Nifty - 5 Mins Chart <<<

Above 5 mins chart marked as an alternative for an upward bias. It looks like the upmove is an extension waves with lot of volatile. Hence if this chart is not wrong, expect more rally to come in.

>>> Bank Nifty - Posted on 30th March, 2015 <<<

If you are a regular reader, You might not have forgotten the above chart posted on 30th March, 2015 - Weekly Review.

>>> Bank Nifty Daily - Happened <<<

Trust Us. We are Long since 18000. Today Bank Nifty Spot Crossed an important Resistance 18800. Next Resistance @ 19130. RSI on a clear Break Out. So Expect More Rally.

>>> TATASTEEL <<<

We are long in Tata STeel from 434. Both Price and RSI on a Excellent Break out, Buy on Every Dips for a Good and Fast Rally. Cheers!!!

Wednesday, April 08, 2015

Resistance @ 8730-35. Support @ 8620 - 8550 & 8500

Dear All,

>>> Nifty Hourly Chart <<<

Key Resistance 8730-35 - If not crossed, may see correction towards 8620,8550 and 8500. Cross above 8735 may test 8794.

>>> ITC - Posted on 29th March, Weekly Review <<<

Posted the above chart and wrote to Buy at 316. See what happened.

>>> ITC - Happened <<<

Its a 30 Points Rally in Just 6 Trading Days and Yes - We booked Rs.30,000 Profit today.

>>> ALBK <<<

We are long in ALBK and Expecting a Rally from here. Cheers!!!

Tuesday, April 07, 2015

Support @ 8594 & Resistance @ 8694 & 8794

Dear All,

>>> Nifty Hourly Chart <<<

RBI gave a negative result with no change in Interest Rate. Market turned bearish after the RBI decicion and recovered towards Positive zone on the later part of the Day. 8594 gave a good support and still 8694 resisting the bulls. Cross above 8694 may move to the next level 8794.

>>> Hindalco - As Posted Yesterday <<<

Wrote Yesterday that - We are long on Hindalco - See what happened today ???

>>> Hindalco - Happened & Yet to <<<

We made a Part Booking for 10K today. Still look for a good rally.

>>> ARVIND <<<

If the Channel Resists the Upmove as shown on chart, Expect a Free Fall. Cheers!!!

Monday, April 06, 2015

RBI to decide Next Resistance 8694 & 8794

Dear All,

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

Above chart published on Weekly Review. See what happened.

>>> Nifty Hourly - Happened <<<

Clear Cross over on Moving Averages and Clear Break out on RSI. Now Expect more rally.

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

As posted on Weekly Review - See what happened??.

>>> ITC - Happened <<<

We are long since 316 and price made a high of 341. Part profit of Rs.20,000/-. Expecting 346 - our first Target.

>>> HINDALCO <<<

We are long in Hindalco. Lets See. Cheers!!!

Saturday, April 04, 2015

Weekly Review 06.04.2015

Dear All,

Data's Pending for Next Week :-

The data on Services PMI is due on Monday, while investors will closely watch the Reserve Bank of India's monetary policy review on April 7.

Further, February IIP data will be released on 10 April. On global front, FOMC minutes and US jobless claims will be in focus.

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

It was a clear message on last weekly review - as the trend line should give support for the bulls.

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

We are long in Nifty since 8450. Almost 8600 or First Resistance 8594 done. Holding for next two resistance 8694 and 8794.

>>> Nifty Hourly Chart <<<

Clearly Explained how 100 Hour Moving Average plays an important roll so far. Hence a cross above this may result in a healthy rally.

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

Its a Pipe formation candle formation, posted on last weekly review. See what happened next ???

>>> Bank Nifty Daily - Happened <<<

We are long since 18000. Almost 600 Pts Profit and expecting a more rally next week also.

>>> Bank Nifty Hourly Chart <<<

Watch out for the 100 HMA and Key resistance @ 18800 and 19130 on the upper side.

>>> ITC - Hourly Chart <<<

Break out on Hourly Chart. More rally likely. Cheers!!!

>>> Performance for the month end of March, 2015 <<<

Send Your email to niftyforall@yahoo.com for details of our service.

Tuesday, March 31, 2015

Support @ 8443,8410,8376 & 8330. Remain Long.

Dear All,

The annual infrastructure output growth slowed to 1.4% in February, mainly dragged down by a contraction in the production of steel, fertilisers and refinery products, government data showed on Tuesday.

The output had expanded 1.8% year-on-year in January and in February 2014 it was 6.1%.

The cumulative growth of core sectors during April-February stood at 3.8%.

Natural gas, steel and crude production declined to 8.1%, 4.4% and 1.9 percent respectively, according to data release by the ministry of commerce and industry.

In cumulative terms it was natural gas that witnessed maximum fall in April-February at 5.5% followed by crude oil at 1.1%.

Only coal, cement and electricity increased during the month by 11.6%, 2.7% and 5.2% respectively.

The infrastructure sector, which comprises coal, crude oil, oil refining, natural gas, steel, cement, electricity and fertilisers, accounts for 37.9 percent of India's industrial output.

>>> Nifty Hourly Chart <<<

Price holding above the trend line. Immediate Supports must be 8443,8410,8376 and 8330. 50 and 100 HMA should be the key resistance along with 8594,8694 and 8794.

>>> Bank Nifty Hourly Chart <<<

Immediate Support as given on above chart, if holds then upmove to continue. Just remain Long till then.Cheers!!!

Monday, March 30, 2015

8470 Crossed. Next Resistance @ 8594 & 8694.

Dear All,

Markets took a U- turn today, on the back of strong buying in the frontline stocks. Short sellers were forced to cover their shorts helped the markets to a certain extent. Global markets were also in the green helped the sentiments to improve.

Credit rating agency Moody’s said in its latest Credit Outlook report released on Monday that the government’s latest plan to revive the stranded gas-based power generation capacity through imports will help save $16 billion worth of investments and banks including IDBI, State Bank of India (SBI) and ICICI are set to be the biggest beneficiaries of the plan.

"China' stocks surged to yet another year-to-date high on the back of market expectations that the PBoC might provide even more monetary policy stimulus with Governor Xiaochuan saying that 'China can have room to act'," said Rabobank strategist Piotr Matys.

Markets across eastern Europe joined the rally, with Polish and Hungarian indices adding around 1 percent, while in Russia both rouble- and dollar-denominated shares rose.

Most technical analysts are not reading too much into today's up move and sees it as more of a technical pull back rally, and till the time 8500-8520 levels on Nifty is not crossed comfortably, there is always a possibility of markets falling towards support levels.

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

As Per our Hourly chart given above on weekly Review - Key Resistance 8470, 8594 and 8694. See what happened today ??

>>> Nifty Hourly - Happened <<<

Crossed First Resistance 8470. So next Move towards 8594 and 8694.

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

It was a clear message on weekly review that Bank Nifty on a break out mode for a good bounce. See what happened.

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

As expected Bank Nifty too bounced strongly, So Just wait for next two targets as given on chart.

>>> ITC Hourly Chart <<<

Part Profit of Rs. 10,000/- so far, More rally possible. Cheers!!!

Saturday, March 28, 2015

Weekly Review - 30.03.2015

Dear All,

It was yet another week of losses as both the benchmarks Sensex and Nifty plunged 2.7-2.8 percent from last week’s closing levels.

Just as market was reconciling to the prospect of a rate hike in the US, air strikes on Yemeni rebels caused crude prices to surge. Investors are worried that continuing strife in the Middle East could push crude oil prices up further.

The coming week is a holiday-shortened one as the market will remain closed on Thursday, 2 April 2015, on account of Mahavir Jayanti and on Friday, 3 April 2015, on account of Good Friday.

Technically, intermediate trend of the Nifty Future in short term is down. However it is expected to see some retracement of the current fall, say experts.

Here are top events which is likely to impact the markets in the coming week:

HSBC India Manufacturing Purchasing Managers' Index (PMI) for March 2015 is due on Thursday, 2 April 2015. Prior to that, the government will unveil Eight Core Infrastructure Industries data for February 2015 on Tuesday, 31 March 2015. And, they'll also unveil fiscal deficit data for February 2015 on the same day, i.e. 31 March 2015.

Lets move on to TA.

>>> Nifty Daily Chart <<<