Weekly Review 08.06.2015

Dear All,

>>> Nifty Weekly Chart <<<

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

Above weekly Chart - Shows how the Candle Sticks played an important role so far. Bearish Doji on the top confirmed the fall, while a Hammer and Doji at the bottom of the chart near 8000 and 7960 made a base for the bulls.

But last week candle was a bearish engulfing, which closed below previous three candles and 50 Week moving average is a concern for the bulls now.
So next week is going to be decision making week for bulls and bears.

8000 and 7960 going to play a key role, if breaks below may give strength for bear and the fall may continue.

>>> Nifty Daily Chart <<<

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

An example chart given above, which was like a mirror on the daily chart - Shows that the Grave Stone doji near 161.8% retrace looks like a Bullish one. As mentioned on the chart, if the price closed below 8000 or 161.8% retrace, then the fall may continue.

>>> Nifty Hourly Chart <<<

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

On Hourly chart - Last 2 and half day fall had a Positive Divergence from RSI. A break below 8046 or 8060 may confirm the downtrend with more fall.

>>> Bank Nifty Weekly Chart <<<

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

It was on the RBI's Rate Cut changed the entire way of the market, Particularly Bank Nifty. Above Weekly Chart shown the Bearish Engulfing Candle - which closed below the previous three candle - shows the strength of the fall and Bear.
Now its the Channel Support and 50 Week Moving Average to decide the way and trend of the Bank nifty. Break below the Channel support and 50 WMA may confirm the fall further.

>>> Bank Nifty Daily Chart <<<

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

Price below 200 DMA. Last hope is the Channel and Previous Low 17250, if breaks, fall to continue. Else - As mentioned on chart, Price is moving for a 5th wave and Subwave (iii) must start for a good rally.

>>> Bank Nifty Hourly Chart <<<

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

Just like Nifty - Bank Nifty also had a positive divergence on RSI. Lets see how it react next week.

>>> Stock for the Week <<<

>>> BATA INDIA - As Posted on 03rd June, 2015 <<<

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

Wrote - Bata India - As our Holding. After making a rally towards 1045, stock reversed. See whats next !!!

>>> BATA INDIA - Happened <<<

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

Wave B forming an abcde pattern, If breaks below the given support, fall to continue, Else Price may bounce again.

>>> ACC - As Posted on 04th June, 2015 <<<

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

Wrote on 04th June, 2015 - about our long on the stock. But the Price did not moved up as expected. Lets see whats next !!!

>>> ACC - Happened <<<

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

Good Support @ 1420, breaks below, Fall may continue.

>>> TCS - Hourly Chart <<<

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

We are short on TCS from 2620, looking for a more fall. Cheers!!!

Brave Hearts - Buy Now.

Dear All,

>>> Nifty Daily Chart <<<

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

Bullish Hammer on Daily Chart. Previous such candle yielded a good result. Lets see how it works this time ???

>>> Bank Nifty Hourly <<<

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

Bank Nifty retraced 161.8% of Wave A, and tested the channel as shown on chart. We entered Long today near 17530 and now with a Profit of almost 200 Points. Expecting more rally soon.

>>> ACC - Hourly Chart <<<

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

Expecting a rally on the above stock. Cheers!!!

Are You Still Bearish ???

Dear All,

>>> Nifty Hourly Chart - Posted Yesterday <<<

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

Yesterday - Wrote clearly - More fall likely on Nifty - See what happened today.

>>> Nifty Hourly Chart - Happened today <<<

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

As expected Nifty tested the 2nd Support @ 8102. The current fall is for wave C, which is almost 161.8% of Wave a. If this analysis is not wrong, and if 8102 support holds, expect a good rally from here. Yes, We have entered long here.

>>> Bank Nifty Hourly - Posted Yesterday <<<

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

Wrote on Bank Nifty also, Yesterday - More fall likely to fill the gap left on the downside. See what happened today.

>>> Bank Nifty Hourly - happened <<<

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

Bank Nifty tested 17600 or tested the Break out Channel as shown on Chart. But the gap is yet to be filled. But if the support @ 17600 holds then Look for a rally, We have no Position Yet in BN.

>>> BATAINDIA <<<

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

We are Long in Bata India from 1010, Expecting a good rally above the wedge. Cheers!!!

Is This a Trend Reversal ???? Bull Market Over ????

Dear All,

>>> Nifty Hourly Chart <<<

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

Yesterday (On Monday) we have advised our clients to book 50% of the long, as it breaks some important support levels as mentioned on chart. Yesterday when nifty 8424 and Bank Nifty 18645 and 18600 - when it breaks - we asked less risky traders to book full or atleast 50% of the long.

So today market can't hold any of the supports like 8270 or 8245 and fell heavily. Next support like 8185 and 8102 may be on card.

>>> Bank Nifty Hourly Chart <<<

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

Yesterday (On Monday) - We have alerted our clients - when BN Spot breaks important support 18645, send message to book atleast 50% profit on Long taken at 18360.

Today when BN Spot breaks 18230 - we advised to exit remaining long also.

Now above chart - shows 17980 is an important support, if breaks - then price may try to fill the gap left on the downside.

Support @ 8390 & 8365

Dear All,

>>> Nifty Hourly Chart <<<

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

As we have mentioned on our Morning message on whatsup, Nifty resisted @ 8470. Tomorrow is a event day, RBI day. Price if unable to hold 8424, then may test the support at 8390 and 8365 before a bounce.

>>> Event Day - RBI's Monetary Policy <<<

Tomorrow is a day for Bank Nifty - To decide trend of the Market also.

Q4 GDP & HSBC's India's Manufacturing PMI - encouraging and better than expected. Monsoon is likely to arrive in kerala any time soon. Hence - So far data's are in Positive zone only.

Corporate results declared so far are not good or even dis-appointing. So RBI under heavy pressure to Cut the Rate.

Lets Also see Technical view on chart...

>>> Bank Nifty Daily Chart <<<

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

Above is a Daily Chart of Bank Nifty. Today Price resisted at 100 Day Moving Average. But RSI in a clear Break out Zone, Means nothing to worry for the time being. Of course Price closed below 18645 or 38.2% retrace should be watched. Lets also see in detail in 5 Minit chart.

>>> Bank Nifty 5 Minit Chart <<<

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

Above is a 5 Minit chart for Bank Nifty. It reveals how far Price moved up inside the channel. If this analysis is not wrong, then the move should be like ABCDE or ABC-X-ABC. 18600 or 18528 or Channel may support the bulls tomorrow. Chart suggest that the correction may used to buy on dips.


>>> BANKBARODA <<<

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

We are long since 161 in BankBaroda. Clear break out on chart suggest more rally possible. Waiting for a good Target. Cheers!!!

Weekly Review - 01.06.2015

Dear All,

>>> Nifty Weekly Chart <<<

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

Above weekly chart shows a mixed trend. A red colored Hanging man and Side way move on RSI after Break out happened last week. 15 and 25 WMA may act as a hurdle for the bulls. Though a gap up opening expected on Monday due to better than expected GDP data and govt. efforts to push the land ordinance for the third time. One should maintain a cautious approach until 8530 or 8520 surpass.

So far the corporate results are not encouraging. RBI decision on tuesday should be watched carefully. Apart from Interest rate decision, RBI's Outlook on the economy is much more important.

Slow down on china - FED decision to Hike Interest rate - Greek Worries - Gulf Turmoil etc., along with Global Currency War going to impact our economy heavily.

MODI 365 - So far Yielded no result to common man or corporate world.

So altogether - it looks like - the entire tunnel is full of darkness and no light seen yet. Lets see what the other charts also suggest.

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

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

Last week - We wrote on Daily chart - That we have booked our Longs on Nifty with 320 to 340 Point Profit. See what happened this week.

>>> Nifty Daily Chart - Happened <<<

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

Yes - We have entered Long again from 8320-40 Level, Now with a Profit of 100 Points. Price if able to cross 50 dma - may test 100 dma as shown on chart.

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

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

Last week - Mentioned clearly - After a break out from IHS nifty crossed 8420 and said Nifty may see some consolidation. See what happened !!!

>>> Nifty Hourly Chart - Happened <<<

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

As Said Nifty corrected till 8270 from 8450 and tested the IHS Neck line. Price took support @ 8270 and started moving up again. After crossing 8420 resistance, it seems price may reach next resistance 8520 also.

>>> Nifty Hourly Chart - Posted on Last Friday <<<

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

Have mentioned as a Break out above 8330-35. See what happened

>>> Nifty Hourly - Happened <<<

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

As expected Break Out Happened above 8330-35 and Market rallied on friday. More rally soon to touch the channel top as shown on chart.

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

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

Last week on Bank Nifty we Booked almost a 900 to 1000 Points Profit. Also mentioned that there can be a consolidation too. See what happened.

>>> Bank Nifty Daily - Happened <<<

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

As expected Bank Nifty made a dip till 18225 from 18433. We have entered long at 18360 and holding for next week. News like better than expected GDP and forthcoming RBI Rate Cut may trigger more rally next week. We expect nifty to hit above 19000.

>>> Bank Nifty Hourly Chart <<<

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

Above 18755 Rally to continue till 19077.

>>> STOCK Performance <<<

>>> ACC <<<

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

We Booked a Profit of Rs.5000/-.

>>> LT <<<

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

We Booked a Profit of Rs.5000/-

>>> ORIENTBANK <<<

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

Profit so Far Rs.10,000. More rally coming soon.

>>> DLF - Send on Whatsup - on Friday <<<

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

Above chart was send to all whatsup clients - Holding the Long still and expect a Good Rally next week.

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

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

For details of our service - Send email to niftyforall@yahoo.com or chat with us on whatsup @ 9677924975

Support @ 8272. Break Out above 8330-35

Dear All,

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

8272, 100 Hour Moving Average and the channel support still holding. Break out above 8330-35 may give strength to Bulls. Week end trade tomorrow. Interesting day ahead. Cheers!!!

Support @ 8272. Resistance @ 8372 & 8431

Dear All,

>>> Nifty Hourly Chart <<<

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

As expected Nifty holding 8272. Now expect a pull back rally if the channel or 8272 holds, as shown on chart. Key Resistance 8372 and 8431.

>>> Bank Nifty Hourly Chart <<<

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

We are long in Bank Nifty from 18360, with 200 Points Profit. Expect more rally above 18645 level. Cheers!!!

Next Support @ 8313 & 8272

Dear All,

>>> Nifty Hourly Chart <<<

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

Today Support Taken at 8320. Break below 8320 may test 8313 and 8272. Expiry to decide.

>>> Bank Nifty Hourly Chart <<<

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

Bank Nifty took support @ 18280. Break below may test 18168 also.

>>> LT - Posted on 25th May, 2015 <<<

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

We have recommended a short to our Clients on LT @ 1650 on 25th May, 2015. See what happened.

>>> LT - Happened <<<

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

Yes We have covered our Short near 1610 with a Profit of Rs.5000/-

>>> ACC - As Posted on 25th May, 2015 <<<

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

Shorted @ 1520. See what happened.

>>> ACC - Happened <<<

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

Covered @ 1480 with a Profit of Rs.5000/-. Cheers!!!

Next Support @ 8355 & 8313.

Dear All,

>>> Nifty 5 Min Chart - Posted on Weekly Review <<<

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

Wrote on weekly review - Nifty may test the three support as given on chart. See what happened today.

>>> Nifty Hourly Chart <<<

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

As expected Nifty broken the first Support @ 8406. Almost near 2nd Support 8355. Tomorrow if 50 Hour Moving Average OR 8355 Holds, the there can be a bounce again before a fall. Expecting nifty to test the third support before expiry.

>>> ACC <<<

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

Wedge is broken and more fall likely.

>>> LT <<<

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

As shown on chart - If the channel Support unable to hold for tomorrow also, Expect more correction. Cheers!!!