Support @ 7490.

Dear All,

>>> Nifty Daily Chart <<<

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

7490 & 7550 Holding Still. Lets Wait and Watch.

Weekly Review - 11.01.2016

Dear All,

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

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

Last weekly Review - Have mentioned that - Price facing resistance @ 7965. See what happened.

>>> Nifty Weekly Chart - Happened <<<

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

It was a heavy fall - after resisted at 7965. Next Support @ 7550 and 7490.

>>> Nifty Daily Chart <<<

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

Inside bar shows some momentum for the bulls. Until the price holds above the previous low, upmove possible any time.

>>> Nifty Hourly Chart <<<

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

Hourly Chart gives a clear picture of Wave A and Wave B. Wave B retraced almost 100% of Wave A, Mean a Possible bounce back for Wave C on card. But if the low breaks, the count becomes invalid.

>>> Bank Nifty Daily Chart <<<

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

Its a 100% correction for Wave C till 16050. Must hold for a strong bounce back. Lets See.

>>> SKSMicro - Daily Chart <<<

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

We have shorted @ 540 Level for a good Fall.

>>> ADANIPORT - SL HIT & EXITED WITH LOSS <<<

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

Highly Volaitle Stock, costed us a Loss of Rs.20K, when we entered twice. Above chart suggest a good support @ 240 Level, If holds, Bounce back can be strong.

>>> HINDALCO Daily Chart <<<

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

Good Support @ 75 Level, If holds Expect a strong bounce back.

>>> Performance till 08th Jan, 2016 <<<

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

Send email to niftyforall@yahoo.com or whatsapp @ 9677924975 for details of our service. Cheers!!!

Support @ 7540 & 7490

Dear All,

>>> Nifty Daily Chart <<<

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

If you are a regular reader, you must know that, I have written many times - 7945 is a key resistance - Unable to cross may trigger a big sell off. As mentioned a lot of Fall happened till today. So what's Next. Price must hold 7540 or 7490 for a Meaningful come back. Else the fall may continue.

>>> Nifty Hourly Chart <<<

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

Above count is invalid if breaks below 7550.

>>> BANK NIFTY - Hourly Chart <<<

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

Bank Nifty looks like - Completed Wave C fall as 100% of Wave A. If holds above 16000 Bounce back may come in. Else fall to continue. Lets See.

>>> HINDUNILVR - Posted Yesterday <<<

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

We have advised our clients to short HUL Yesterday. See what happened.

>>> HINDUNILVR - Profit Booked @ 830 <<<

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

We Booked Profit @ 830. Cheers!!!

Watch 7710 & 7690 to Save the Bull

Dear All,

>>> Nifty Hourly Chart <<<

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

Watch 7710 or 7690 for more confirmation on either side.

>>> Bank Nifty - Posted on 04th Jan, 2016 <<<

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

Bank Nifty - Have posted on 04th Jan, 2016 - That we are in short in Bank Nifty - See what happened.

>>> Bank Nifty Hourly Chart - Booked Profit <<<

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

Have advised to cover short position with 350 points profit. Key Support if 16378 breaks, more fall ahead. Else bounce back on card.

>>> HINDUNILVR <<<

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

HUL - We have short position and expecting more fall. Cheers!!!

Must Hold 7760 for a Relief Rally

Dear All,

>>> Nifty Hourly Chart <<<

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

Took Profit near 7760 on our shorts. Tomorrow if breaks below 7760 support, price may try to fill the gap left near 7690.

>>> Bank Nifty Hourly Chart <<<

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

16525 must hold for a bounce back, else price may test 16376 on the downside. Cheers!!!

Broken 7850. Watch Next Support @ 7740.

Dear All,

>>> Nifty Daily Chart <<<

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

Daily Price - Unable to reach 100 DMA, Resisted @ 7965 and started falling as expected.

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

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

Posted on Weekly Review - Hourly chart - on a Raising Wedge pattern. See what happened.

>>> Nifty Hourly Chart <<<

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

As expected Price broken down the wedge and started falling, We are short in nifty from 7900, Holding.

>>> Bank Nifty Daily Chart <<<

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

Price unable to cross 50 DMA and failed to cross 17090 shows the weakness. We have advised our clients to take position below 16730 and holding. If 16190 breaks, more fall likely.

>>> VOLTAS - Holding Short <<<

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

Last month our position on voltas hit sl and made a loss. We have re-entered agian near 321 and holding still for a good fall. Lot Size is 1600. Cheers!!!

Weekly Review - 04.01.2016

Dear All,

>>> Nifty Weekly Chart <<<

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

Price moving above 100 Week moving average. 7965 Key Resistance, if Price able to hold above it, Next Possible move till 8097.

>>> Nifty Daily Chart <<<

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

Price closed above 50DMA. Now Price should cross key resistance 7965,8040 & 8097.

>>> Nifty Hourly Chart <<<

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

Hourly chart - moving on the last leg with raising wedge. Break above may trigger some more rally. Break below may trigger sell off.

>>> Bank Nifty Weekly Chart <<<

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

Bank Nifty to face a key resistance from 17090 and 17495.

>>> Bank Nifty Hourly Chart <<<

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

Key Resistance 17090 and 17110. Cross above may reach till next resistance 17325.

>>> CENTURYTEX - DAILY CHART <<<

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

Above 605, price zoomed till 619.50, top of the expanding triangle. If Price fails to cross the top of the channel - may correct. Above channel top, rally to continue.

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

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

For details of our service write to niftyforall@yahoo.com or whatsapp @ 9677924975

Support Received @ 7890. Above 7945 - Rally to continue.

Dear All,

>>> Nifty Hourly Chart <<<

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

Price almost re-tested 7945 after getting support from 7890. If able to hold above 7945 - Rally till 8040.
Wish all our Readers and Friends - A Very Happy New Year 2016. Let Your Wealth Start Multiplying from this New Year 2016. Cheers!!!

>>> New Year Scheme - 2016 <<<

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

New Year Scheme - is ON - Get Your Self Registered for 2016 full Year. Send us email @ niftyforall@yahoo.com or whatsapp @ 9677924975 for full details.

Below 7920 or 50 DMA - Bear Sign ???

Dear All,

>>> Nifty Daily - As Posted Yesterday <<<

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

Posted Yesterday - Hanging man - may be an Trend changer. See what happened today.

>>> Nifty Daily - Happened <<<

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

As expected and posted yesterday, Price not able to cross above 7945 and also can't hold 50 DMA. If price continues to trade below these levels, Price may see heavy selling soon. Caution. Cheers!!!

Should Hold 7920 & Should Cross above 7945 - For Rally

Dear All,

>>> Nifty Daily Chart <<<

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

Red Hanging Man near Key Resistance Should be watched. 7920 Should Hold and 7945 Should be crossed for Next Rally towards 8040. We are not holding any position now. Cheers!!!

Above 7920 or 50 DMA - More Rally Possible

Dear All,

>>> Nifty Daily Chart <<<

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

We are long since 7790. Today's price movement till our first target 7920. If able to cross above 50 DMA - More rally on card. waiting for it. Cheers!!!

Weekly Review - 28.12.2015

Dear All,

The short-term pressures are now shifted to the Budget with the winter session of Parliament ending this week. Meanwhile, markets are likely to remain range-bound with some volatility seen mostly in large-caps ahead of the December F&O expiry.

During the week, the government introduced the Insolvency and Bankruptcy Code 2015, or the bankruptcy Bill, in the Lok Sabha on Monday. The Bill has been introduced as a money Bill, which means it will not have to be passed in the Rajya Sabha, where the government has struggled to get legislative work done. Meanwhile, the winter session of Parliament ended on Wednesday.

India’s current account deficit (CAD) narrowed to $8.2 billion (1.6 per cent of gross domestic product) in the September 2015 quarter from $10.9 billion (2.2 per cent of GDP) in the year-ago quarter.

Markets are likely to remain volatile ahead of the expiry of December derivatives contracts, as traders roll-over positions to the January 2016 series. Meanwhile, oil explorers and select metal shares may extend gains tracking global crude and metal prices. Auto shares will be in focus ahead of their December sales figures that would be announced later during the week. On the global front, data on China's manufacturing PMI is scheduled for release on Thursday, December 31.

FIIs have been net buyers for the week for the first time after a lag of many weeks, which is an indication that the rally is likely to sustain and propel the market to new highs on the back of renewed inflow from FPIs. The government has taken proactive steps with regard to the GST by awarding contracts to Infosys to develop a central software platform. It is a loud indication that the policy will be implemented though the timing could be slightly delayed.

The bounce of the previous week testing 7,550 level of Nifty50 has further strengthened the market momentum. Led by short covering and renewed buying by FPIs, the market has firmly found support at these levels.

The market has priced in the negatives and discounted the US Fed increasing interest rates, postponement of the GST and paralysis of the government.

The market is now looking forward for cues to move ahead. However, as the year is heading toward December 31, people are in no mood to commit, and the market is thus expected to remain rangebound for the last week of the calendar.
The Nifty50 ended the week 1.49 per cent higher at 7,861.

>>> Nifty Daily Chart <<<

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

RSI on a clear break out, Price closed above 7850 or 38.2% retrace shows a good sign from Bulls. We are holding our long and looking for more rally next week also.

>>> Nifty hourly Chart <<<.

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

Moving average cross above in favour of bulls and price holding above the channel break out. Hourly chart also on bullish sign.

>>> Bank Nifty Daily Chart <<<

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

Clear break out from the pitchfork channel. RSI should break above the trend line for more healthy rally.

>>> Bank Nifty Hourly Chart <<<

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

Moving Average on a positive cross over, Price may try to fill the gap on the upper side above 17030. Possible to test the upper side of the channel also.

>>> BHEL - Hold Long <<<

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

Holding Long in BHEL.

>>> IDFC - Holding Long <<<

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

Holding Long in IDFC for a good rally.

>>> Performance till 24th Dec, 2015 <<<

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

For details of our service send email to niftyforall@yahoo.com or whatsapp @ 9677924975

>>> New Year Plan - 2016 <<<

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

Only few days left for "New Year Scheme - 2016" - Rush to Register and enjoy Your 2016 with Lot of happiness. Cheers!!!

Above 7852, Next 7920.

Dear All,

>>> Nifty Hourly Chart <<<

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

Crossed 7852, Sustain above may give more rally. We are long in Nifty and Holding for Target.

>>> BHEL - Holding Long <<<

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

We are long in BHEL from 171, Holding for more rally. Cheers!!!