Weekly Review - 10.09.2015

Dear All,

>>> Nifty Daily Chart <<<

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

If the upmove till 8654 as Wave B, then the current trend line as shown on above chart plays an important bear role. Next Week - Nifty may feel more pressure from bears, if the trend line get resisted continuously. The Head and Shoulder pattern formation is still valid and hence every one knows what will be the result. Above 8654 - current Pattern and counts get truncated and upmove to continue.

>>> Bank Nifty Daily Chart <<<

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

Last week RBI Denied Rate Cut. Rising NPA on PSU Banks looks scary. IIP and Inflation data on 12th Aug may be an important trigger. Just like Nifty - Bank Nifty also resisted by a trend line - as shown on above chart.

>>> ARVIND <<<

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

We are short on Arvind from 321 with a good profit. Both Price and RSI confirmed the Down Trend - Looking for more such Fall.

>>> LICHSGFIN <<<

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

We are holding our Short on LIC. Key Resistance 524 - Unable to Cross means - expect more correction. Price must break the Trend lines as shown on chart for such weakness.

>>> ASIANPAINTS <<<

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

If the above EW count on this script is not wrong, Expect a good correction. Key Resistance @ 924 & 927. We have shorted at 910 and looking for some fall.

>>> DISHTV <<<

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

Yes - Again a Bearish counter. Price and RSI confirmed the fall - after breaking their trend line. We are in short also. Expect more correction if the price holds below the trend line. Cheers!!!

Cat on a Wall - Resistance @ 8590 & 8680

Dear All,

>>> Nifty Hourly Chart <<<

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

Price if sustains above 8590 - may rally till 8680. Still the H&S formation intact. Lets wait for confirmation tomorrow - Weekend - Friday may give us a clue. Cheers!!!

Above 8565. But Still On Danger Zone. Caution Advised.

Dear All,

>>> Nifty Hourly Chart <<<

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

Nifty crossed 8565, But still Price unable to hold or move above the channel line as shown on chart - Shows the weakness. RSI - Not moving along with Price - shows the -ve Divergence. Still Nifty on Danger Zone, Caution advised.

>>> Bank Nifty Hourly Chart <<<

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

RSI - made a warning signal - Broken down. Price unable to hold above 19000 and resisted on the channel - As shown on chart. Again Caution advised.

>>> ARVIND - As Posted on 03rd Aug, 2015 <<<

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

Posted on 03rd Aug - Wrote - Fall likely. See what happened.

>>> ARVIND - Happened <<<

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

RSI - If breaks the Trend line - More fall likely.

>>> LICHSGFIN <<<

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

We had short position and LICHSGFIN - More fall likely. Cheers!!!

Support Taken @ 50 HMA - 8449 - Resistance @ 8565

Dear All,

>>> Nifty Hourly Chart <<<

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

Pattern looks like an Head and Shoulder. Price should break on either side like 8565 or 8449 to decide any trend. Lets wait and see.

Key Resistance 8565. RBI to decide the Trend.

Dear All,

>>> Nifty Hourly Chart <<<

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

8565 - Key Resistance - Cross above may trigger some rally, Else correction.

>>> Bank Nifty Hourly Chart <<<

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

RBI Decision may trigger heavy volatile. Key Resistance 19000 to decide the trend.

>>> ARVIND <<<

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

ARVIND - Looks Bearish - Below 311 - More fall likely. Caution Advised. Cheers!!!

Weekly Review - 03.08.2015

Dear All,

>>> Nifty Daily Chart <<<

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

Wrote last week - about the possible fall - Price made a low of 8320. Bounce back from support 50 DMA. Lets see in detail on Hourly chart - about whats next.

>>> Nifty Hourly Chart <<<

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

8565 - may act as a resistance - Unable to cross may - resume the fall again.

>>> Bank Nifty Daily Chart <<<

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

Next Week RBI Policy - Bank Nifty on Lime Light again. Last week 19230 resisted and Price made a good correction. Rajan to decide the move.

>>> Bank Nifty Hourly Chart <<<

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

Expanding triangle - as shown on chart - Price may find its resistance at the top of the channel.


>>> GLENMARK - Posted on 20th July, 2015 <<<

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

Wrote on 20th July - Glenmark may correct. See what happened.

>>> GLENMARK <<<

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

We Booked Rs.33000/- On Glenmark.

>>> SIEMENS - Posted on 20th July, 2015 <<<

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

Wrote on 20th July, 2015 - Siemens may fall. See what happened.

>>> SIEMENS - Happened <<<

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

As Expected - Price hit all the Three Targets.

>>> DISHTV - Posted on 27th July - Weekly Review <<<

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

Wrote on 27th July - Weekly Review - DISHTV may correct - See what happened.

>>> DISHTV - Happened <<<

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

Hit Target with a profit of Rs.40,000/-

>>> Performance for the month end as on 31st July, 2015 <<<

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

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

Relief Rally may continue - Resistance 8476 & 8512

Dear All,

>>> Nifty Hourly - As Posted Yesterday <<<

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

Wrote Yesterday - about the Relief Rally above 8395. See what happened.

>>> Nifty 15 Mins Chart <<<

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

As expected - Nifty rallied towards 8458, Hope more such rally till 8476 or 8512 as shown on above chart. Lets See. Cheers!!!

Support 8315 - If Holds - Then Relief Rally Possible

Dear All,

>>> Nifty Hourly Chart <<<

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

8315 - If holds - Price may revive for a Relief Rally. Watch the Resistance Zones as mentioned on chart.

>>> GLENMARK - As Posted on 20th July, 2015 <<<

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

Wrote on 20th July, 2015 - about a possible correction.

>>> GLENMARK - Happened <<<

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

Target 955 Done today. Booked a handsome Profit of Rs. 33000.

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

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

Wrote on Weekly Review - Dish Tv may correct. See what happened.

>>> DISHTV - Happened <<<

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

Target 108 Achieved. Booked a Super Profit of Rs.40,000/- Hip Hip Hurray !!!

Below 8315 - Fall till 8210-8200

Dear All,

>>> Nifty Hourly Chart <<<

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

We are still on short - with 200 points profit. Below 8315 more fall likely till 8210 - 8200.

>>> GLENMARK - Posted on 20th July, 2015 <<<

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

We have posted the above chart on 20th July - mentioned about this possible correction. See what happened.

>>> GLENMARK - Happened <<<

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

Almost a 100 Points fall - We made almost Rs.25000 Profit so far. If the Channel as mentioned on chart breaks then more fall likely.

>>> DISHTV - Posted on Weekly Review <<<

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

Posted on weekly review - a Possible correction on the stock around the corner. See what happened.

>>> DISHTV - Happened <<<

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

As expected - Price made a low of 112. we are almost in a profit of Rs.24000/- Still hoping for more fall.

>>> APOLLOHOSP <<<

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

Last time our Short on Apollo Hospital failed and we exited on Loss. This time we look for a good fall and Profit. We have created Short position today from 1350 and expecting today's fall to continue. Cheers!!!

8380 Broken - More Fall Likely

Dear All,

>>> Nifty Hourly Chart <<<

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

Price below 8380 - Looks like RSI supporting the bear for the next support at 8200.

Weekly Review - 27.07.2015

Dear All,

>>> Nifty Daily Chart <<<

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

A Picture is better than 1000 Words. Hope the above chart says you all the story - you are missing so far. Price retraced towards the neck line of the Head and shoulder. If this is not wrong - then Market is in great danger. Expect the unexpected fall and news to come out soon. Caution


>>> Bank Nifty Daily Chart <<<

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

Same as above nifty. So far the Wave X completed as a-b-c-d-e. If this is not wrong - worst is yet to come. If able to break above the key resistance 19230 or above, rally to continue. Caution again.

>>> ULTRACEMCO - As posted on 20th July, 2015 <<<

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

As Posted on Chart.

>>> GLENMARK - Posted on 20th July, 2015 <<<

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

Posted on 20th July - Glenmark about the possible correction. See what happened.

>>> GLENMARK - Happened <<<

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

Expecting the fall to continue - in coming days also.

>>> SIEMENS - Posted on 20th July, 2015 <<<

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

Siemens - Wrote - for a possible correction. See what happened.

>>> SIEMENS - Happened <<<

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

First Target met @ 1440 with a Profit of Rs.12500. Still look for the fall to continue.

>>> DISHTV - Posted on 21st July, 2015 <<<

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

It was a Intraday Profit of Rs.12000. Lets see whats next ??

>>> DISHTV - Whats next <<<

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

Negative divergence on Indicators while Price continue to move up. Stay caution at higher level. Both Price and RSI - if breaks the trend line as shown on chart - correction may start.

>>> PERFORMANCE till 24th July, 2015 <<<

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

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