>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Once again its a volatile session. Now Nifty faces resistance @ 7108 and 7148. Support @ 6960 & 6940. Lets wait for a Break on either side to decide. Cheers!!!
Wednesday, February 17, 2016
Resistance @ 7148. Support @ 6960 & 6940
Dear All,
>>> Nifty Hourly Chart <<<
Once again its a volatile session. Now Nifty faces resistance @ 7108 and 7148. Support @ 6960 & 6940. Lets wait for a Break on either side to decide. Cheers!!!
>>> Nifty Hourly Chart <<<
Once again its a volatile session. Now Nifty faces resistance @ 7108 and 7148. Support @ 6960 & 6940. Lets wait for a Break on either side to decide. Cheers!!!
Tuesday, February 16, 2016
Key Support @ 7034
Dear All,
>>> Nifty Hourly Chart - Posted Yesterday <<<
Wrote Yesterday - as 7190 as a Key Resistance, See what happened.???
>>> Nifty Hourly Chart - Happened <<<
As wrote yesterday - Price resisted @ 7190 and started falling. Now the key support @ 7034 if breaks - may test 6995 & 6940 also. Lets wait and See. Cheers!!!
>>> Nifty Hourly Chart - Posted Yesterday <<<
>>> Click the chart to see on full screen <<<
Wrote Yesterday - as 7190 as a Key Resistance, See what happened.???
>>> Nifty Hourly Chart - Happened <<<
>>> Click the chart to see on full screen <<<
As wrote yesterday - Price resisted @ 7190 and started falling. Now the key support @ 7034 if breaks - may test 6995 & 6940 also. Lets wait and See. Cheers!!!
Monday, February 15, 2016
Key Resistance @ 7190
Dear All,
>>> Nifty Hourly - Posted on Hourly Chart <<<
Wrote on Weekly Review - We are Long. See what happened.
>>> Nifty Hourly - Happened - Booked Profit <<<
Nifty rallied as expected, Booked Near about 300-320 Profits.
>>> Axis Bank - Posted on Weekly Review <<<
Wrote on Weekly Review - Long on Axis Bank also. See what happened.
>>> Axis Bank - Profit Booked <<<
Profit Booked on Axis Bank @ 418 with a Profit of Rs.27000/-
>>> Adani Port - Posted on Weekly Review <<<
Wrote on Weekly Review - Have entered Adani Port for second time also. See what happened today.
>>> AdaniPort - Profit Booked <<<
Booked Profit near 188 with Rs.17600/-
>>> DLF - Profit Booked <<<
Made a Good Profit of Rs.40,000/- Cheers!!!
>>> Nifty Hourly - Posted on Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Wrote on Weekly Review - We are Long. See what happened.
>>> Nifty Hourly - Happened - Booked Profit <<<
>>> Click the chart to see on full screen <<<
Nifty rallied as expected, Booked Near about 300-320 Profits.
>>> Axis Bank - Posted on Weekly Review <<<
>>> Click the chart to see on full screen <<<
Wrote on Weekly Review - Long on Axis Bank also. See what happened.
>>> Axis Bank - Profit Booked <<<
>>> Click the chart to see on full screen <<<
Profit Booked on Axis Bank @ 418 with a Profit of Rs.27000/-
>>> Adani Port - Posted on Weekly Review <<<
>>> Click the chart to see on full screen <<<
Wrote on Weekly Review - Have entered Adani Port for second time also. See what happened today.
>>> AdaniPort - Profit Booked <<<
>>> Click the chart to see on full screen <<<
Booked Profit near 188 with Rs.17600/-
>>> DLF - Profit Booked <<<
>>> Click the chart to see on full screen <<<
Made a Good Profit of Rs.40,000/- Cheers!!!
Saturday, February 13, 2016
Weekly Review - 15.02.2016
Dear All,
Key benchmark indices suffered huge losses, mirroring a sharp decline in the global equities as participants remained jittery on worries of a global economic slowdown. Volatility in crude oil prices and weakness in corporate earnings continued to haunt investors, resulting in persistent capital outflows.
In the week ended February 12, markets recorded the biggest weekly percentage drop since July 2009. The S&P BSE Sensex tanked 1,631 points, or 6.6 per cent, to settle below 23,000, at 22,986.12 and the broader Nifty plunged 508 points, or 6.7 per cent, to settle below 7,000, at 6,981.
Overall weakness in corporate earnings, correction in crude oil prices, liquidity crunch, government paralysis, inability to pass any major reforms such as Goods and Services Tax (GST), a tough stance by the Reserve bank of India, especially at a time when the world economies are looking at negative interest rates, rising non-performing assets (NPAs) are some of the other major reasons to add to the misery of markets
Federal Reserve chairwoman in a testimony to Congress stated that a global economic turmoil and massive sell-off in global equity markets could spook the US economy. Back home, India’s gross domestic product (GDP) expanded at a slower pace of 7.3 per cent in the December quarter of the current financial year, compared to a 7.7 per cent growth recorded in the September quarter. However, the GDP growth projection for the current financial year has been revised to 7.6 per cent. But amid the massive sell-off in global equities, investors ignored the growth estimates.
On Monday, markets are likely to react to the Consumer Price Inflation for January and Industrial Production data for December released on Friday. Index of Industrial Production (IIP) contracted an annual 1.3 per cent in December. Meanwhile, annual consumer price inflation edged up to a 17-month high of 5.69 per cent in January, driven up by higher food costs, according to a government data showed on Friday. Data on inflation based on the Wholesale Price Index (WPI) for January is due to be released by the government on Monday.
>>> Nifty Daily Chart <<<
Friday trade - gave a Red Color Hanging man. Need to wait and Watch.
>>> Nifty Hourly Chart <<<
Earlier - We have exited our Long below 7180 and re-entered long near 6870. Looking for some more rally.
>>> Bank Nifty Daily Chart <<<
Entire market changed when bank nifty breaks below 14740-80. Now next Support around 13300.
>>> Bank Nifty Hourly Chart <<<
14180 & 14400 acts as a resistance, as we may see some relief rally on bank nifty also.
>>> AXISBANK - HOURLY - FOLLOW UP <<<
Booked Axis Bank Profit two times and re-entered again. Hope will rally again.
>>> ADANIPORT - Hourly Chart <<<
We have booked a Profit of Rs.12800 on Friday and re-entered again. Lets See.
>>> Performance till 12th Feb, 2016 <<<
Kindly send your queries about services to niftyforall@yahoo.com or whatsapp @ 9677924975
Key benchmark indices suffered huge losses, mirroring a sharp decline in the global equities as participants remained jittery on worries of a global economic slowdown. Volatility in crude oil prices and weakness in corporate earnings continued to haunt investors, resulting in persistent capital outflows.
In the week ended February 12, markets recorded the biggest weekly percentage drop since July 2009. The S&P BSE Sensex tanked 1,631 points, or 6.6 per cent, to settle below 23,000, at 22,986.12 and the broader Nifty plunged 508 points, or 6.7 per cent, to settle below 7,000, at 6,981.
Overall weakness in corporate earnings, correction in crude oil prices, liquidity crunch, government paralysis, inability to pass any major reforms such as Goods and Services Tax (GST), a tough stance by the Reserve bank of India, especially at a time when the world economies are looking at negative interest rates, rising non-performing assets (NPAs) are some of the other major reasons to add to the misery of markets
Federal Reserve chairwoman in a testimony to Congress stated that a global economic turmoil and massive sell-off in global equity markets could spook the US economy. Back home, India’s gross domestic product (GDP) expanded at a slower pace of 7.3 per cent in the December quarter of the current financial year, compared to a 7.7 per cent growth recorded in the September quarter. However, the GDP growth projection for the current financial year has been revised to 7.6 per cent. But amid the massive sell-off in global equities, investors ignored the growth estimates.
On Monday, markets are likely to react to the Consumer Price Inflation for January and Industrial Production data for December released on Friday. Index of Industrial Production (IIP) contracted an annual 1.3 per cent in December. Meanwhile, annual consumer price inflation edged up to a 17-month high of 5.69 per cent in January, driven up by higher food costs, according to a government data showed on Friday. Data on inflation based on the Wholesale Price Index (WPI) for January is due to be released by the government on Monday.
>>> Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
Friday trade - gave a Red Color Hanging man. Need to wait and Watch.
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Earlier - We have exited our Long below 7180 and re-entered long near 6870. Looking for some more rally.
>>> Bank Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
Entire market changed when bank nifty breaks below 14740-80. Now next Support around 13300.
>>> Bank Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
14180 & 14400 acts as a resistance, as we may see some relief rally on bank nifty also.
>>> AXISBANK - HOURLY - FOLLOW UP <<<
>>> Click the chart to see on full screen <<<
Booked Axis Bank Profit two times and re-entered again. Hope will rally again.
>>> ADANIPORT - Hourly Chart <<<
>>> Click the chart to see on full screen <<<
We have booked a Profit of Rs.12800 on Friday and re-entered again. Lets See.
>>> Performance till 12th Feb, 2016 <<<
>>> Click the image to see on full screen <<<
Kindly send your queries about services to niftyforall@yahoo.com or whatsapp @ 9677924975
Wednesday, February 10, 2016
Where is the Bottom ?!?!?!?
Dear All,
>>> Nifty Daily Chart <<<
7180 tested today. As per above chart, We had it as last support. Must hold for a recovery.
>>> Bank Nifty Daily Chart <<<
14570-80 Second Support must hold for a recovery.
>>> Bank Nifty Hourly Chart <<<
Bank Nifty Hourly on a Clear Positive Divergence, If holds - Expect a good Recovery. Will it happen ??? Lets Wait for tomorrow. Cheers!!!
>>> Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
7180 tested today. As per above chart, We had it as last support. Must hold for a recovery.
>>> Bank Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
14570-80 Second Support must hold for a recovery.
>>> Bank Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Bank Nifty Hourly on a Clear Positive Divergence, If holds - Expect a good Recovery. Will it happen ??? Lets Wait for tomorrow. Cheers!!!
Tuesday, February 09, 2016
Support @ 7260
Dear All,
>>> Nifty Hourly Chart <<<
Price almost near 7260, as per chart, if this ABC wave is not wrong, Expect U turn any time. Cheers!!!
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Price almost near 7260, as per chart, if this ABC wave is not wrong, Expect U turn any time. Cheers!!!
Monday, February 08, 2016
Below 7380-60 - Can test 7260
Dear All,
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Late Afternoon fall started - which breaks the channel. Tomorrow if breaks below 7358 more fall till 7260. Let's wait and watch. Cheers!!!
>>> AXISBANK - Hourly Chart - Posted on Weekly Review <<<
>>> Click the chart to see on full screen <<<
Wrote on Weekly Review - Price to rally above 404. See what happened.
>>> AXISBANK - Happened <<<
>>> Click the chart to see on full screen <<<
Almost a Profit of Rs.27000/- on our second entry on Axis Bank. Cheers!!!
Sunday, February 07, 2016
Weekly Review - 08.02.2016
Dear All,
Last Week :-
The Reserve Bank of India in its sixth bi-monthly monetary policy review maintained status quo on interest rates, with the repo rate kept unchanged at 6.75 per cent and the cash reserve ratio (CRR) unaltered at four per cent. The central bank stated that further rate cuts will depend on reform measures announced in the Union Budget 2016 to be announced on February 29.
On the macroeconomic front, India’s manufacturing data for January expanded to a four-month high, while Services PMI hit a 19-month high, thus showing revival in the sector, seasonally adjusted Nikkei India Manufacturing Purchasing Managers' Index and Nikkei India services purchasing managers' index showed.
Crude oil ended the week lower, snapping two weeks of gains, ahead of the crucial meet between the Opec and non-Opec countries to tackle the supply glut issue.
Week Ahead :-
On Monday, February 8, the market would react to gross domestic product (GDP) data for the quarter ended December 2015. GDP rose 7.4 per cent for the second quarter of financial year 2015-16.
India Ratings and Research (Ind-Ra) in a report said the economy was expected to grow 7.6 per cent in the October-December quarter - which is the fastest pace of expansion in five quarters.
Industrial production data for December, 2015 and CPI data for January will be released on Friday, February 12. Industrial production declined 3.2 per cent in November, 2015, over the year-ago period.
Going into the next week, macroeconomic data, global market trends, investments by foreign institutional investors (FIIs), rupee movement against the dollar and crude price movement will dictate market trends
In the coming week, market participants will eye GDP data on Monday and CPI and IIP data on Friday.
Chinese markets will be closed next week on account of the Lunar New Year.
>>> Nifty Weekly Chart <<<
A red coloured Hanging man - shows indecision. Next Week Range between 7350 to 7600 to decide.
>>> Nifty Daily Chart <<<
RSI almost on the verge of Break Out, Price need to break above the trend line for a healthy upmove.
>>> Nifty Hourly Chart <<<
Key Resistance @ 7505, 7530 & 7545 should be crossed before 7605.
>>> Bank Nifty Daily Chart <<<
Bullish Candle on Bank Nifty Chart - Shows - it can change the entire market to bullish next week.
>>> Bank Nifty Hourly Chart <<<
RSI on a Break out, Price need to cross and hold above 50 and 100 hma for a good rally.
>>> Axis Bank - Follow Up <<<
Have Re-entered Axis Bank again. Key Resistance 404, If crosses, More rally on card.
>>> AdaniEnt - Follow Up <<<
Holding Long in Adani Ent. Waiting for Trend line break out to rally.
>>> SIEMENS - Hourly Chart - Long <<<
Break out from the wedge. We are Long. Lets Wait and See. Cheers!!!
Send all your service related queries to niftyforall@yahoo.com or whatsapp at 9677924975
Last Week :-
The Reserve Bank of India in its sixth bi-monthly monetary policy review maintained status quo on interest rates, with the repo rate kept unchanged at 6.75 per cent and the cash reserve ratio (CRR) unaltered at four per cent. The central bank stated that further rate cuts will depend on reform measures announced in the Union Budget 2016 to be announced on February 29.
On the macroeconomic front, India’s manufacturing data for January expanded to a four-month high, while Services PMI hit a 19-month high, thus showing revival in the sector, seasonally adjusted Nikkei India Manufacturing Purchasing Managers' Index and Nikkei India services purchasing managers' index showed.
Crude oil ended the week lower, snapping two weeks of gains, ahead of the crucial meet between the Opec and non-Opec countries to tackle the supply glut issue.
Week Ahead :-
On Monday, February 8, the market would react to gross domestic product (GDP) data for the quarter ended December 2015. GDP rose 7.4 per cent for the second quarter of financial year 2015-16.
India Ratings and Research (Ind-Ra) in a report said the economy was expected to grow 7.6 per cent in the October-December quarter - which is the fastest pace of expansion in five quarters.
Industrial production data for December, 2015 and CPI data for January will be released on Friday, February 12. Industrial production declined 3.2 per cent in November, 2015, over the year-ago period.
Going into the next week, macroeconomic data, global market trends, investments by foreign institutional investors (FIIs), rupee movement against the dollar and crude price movement will dictate market trends
In the coming week, market participants will eye GDP data on Monday and CPI and IIP data on Friday.
Chinese markets will be closed next week on account of the Lunar New Year.
>>> Nifty Weekly Chart <<<
>>> click the chart to see on fulls screen <<<
A red coloured Hanging man - shows indecision. Next Week Range between 7350 to 7600 to decide.
>>> Nifty Daily Chart <<<
>>> click the chart to see on fulls screen <<<
RSI almost on the verge of Break Out, Price need to break above the trend line for a healthy upmove.
>>> Nifty Hourly Chart <<<
>>> click the chart to see on fulls screen <<<
Key Resistance @ 7505, 7530 & 7545 should be crossed before 7605.
>>> Bank Nifty Daily Chart <<<
>>> click the chart to see on fulls screen <<<
Bullish Candle on Bank Nifty Chart - Shows - it can change the entire market to bullish next week.
>>> Bank Nifty Hourly Chart <<<
>>> click the chart to see on fulls screen <<<
RSI on a Break out, Price need to cross and hold above 50 and 100 hma for a good rally.
>>> Axis Bank - Follow Up <<<
>>> click the chart to see on fulls screen <<<
Have Re-entered Axis Bank again. Key Resistance 404, If crosses, More rally on card.
>>> AdaniEnt - Follow Up <<<
>>> click the chart to see on fulls screen <<<
Holding Long in Adani Ent. Waiting for Trend line break out to rally.
>>> SIEMENS - Hourly Chart - Long <<<
>>> click the chart to see on fulls screen <<<
Break out from the wedge. We are Long. Lets Wait and See. Cheers!!!
Thursday, February 04, 2016
Good Support @ 7338-40
Dear All,
>>> Nifty Hourly Chart <<<
Making more complicated with last down wave, 7370 or 7340 must support bulls.
>>> Bank Nifty Hourly Chart <<<
Watch 14740 or 14650 for support to bulls as per above chart. Lets wait and see. Cheers!!!
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Making more complicated with last down wave, 7370 or 7340 must support bulls.
>>> Bank Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Watch 14740 or 14650 for support to bulls as per above chart. Lets wait and see. Cheers!!!
Wednesday, February 03, 2016
Support @ 7338 & 7280
Dear All,
>>> Nifty 5 Mins Chart <<<
So far - as per my assumption - Price moved up till 7600 as 1-5 and started correcting as abc. Wave C is retracing till 7338 with 261.8% retrace. If 2338-40 breaks fall can be till 7280 to fill the gap as shown on chart.
>>> Nifty 5 Mins Chart <<<
>>> Click the chart to see on full screen <<<
So far - as per my assumption - Price moved up till 7600 as 1-5 and started correcting as abc. Wave C is retracing till 7338 with 261.8% retrace. If 2338-40 breaks fall can be till 7280 to fill the gap as shown on chart.
Tuesday, February 02, 2016
Support @ 7420 & 7380
Dear All,
>>> Nifty Hourly Chart <<<
Resisted @ 7600. Price unable to hold above the MA's Cross Over. RSI shows a break down from trend line. 7420 if holds, a IHS like pattern visible, may support bulls. Overall - its a cat on wall. Lets wait and see.
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Resisted @ 7600. Price unable to hold above the MA's Cross Over. RSI shows a break down from trend line. 7420 if holds, a IHS like pattern visible, may support bulls. Overall - its a cat on wall. Lets wait and see.
Monday, February 01, 2016
Key Resistance @ 7600-7605 - Above Rally till 7675 - 7715
Dear All,
>>> Nifty Hourly Chart <<<
7600-605 resisted. Above 7605 - Expect one side rally till 7675 or 7715. Stay Long. Cheers!!!
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
7600-605 resisted. Above 7605 - Expect one side rally till 7675 or 7715. Stay Long. Cheers!!!
Saturday, January 30, 2016
Weekly Review - 01.02.2016
Dear All,
>>> Last Week Happened <<<
Positive cues from the global front such as bounce back of crude and Bank of Japan’s decision to keep the interest rates negative also supported the markets on friday - for a good come back rally.
In the first nine months of 2015-16 (April-December), the Centre’s fiscal deficit touched touched Rs 4.9 lakh crore, or 87.9 per cent of the Rs 5.5 lakh crore estimated in the Union Budget, as per the official data released on Friday.
Meanwhile, China's central bank, the People's Bank of China annouced a infusion of 440 billion yuan through open market operations to cater to the demand for funds ahead of the lunar year holiday.
The US Federal Reserve at its two-day policy meet kept interest rates unchanged citing growth concerns and said that it was "closely monitoring" global economic and financial developments.
>>> Week Ahead <<<
Market partcipants will be eagerly awaiting the Reserve Bank of India's first monetary policy review in 2016 at its meeting scheduled on Tuesday, February 02, 2016.
Auto stocks will be in focus as they would start releasing sales numbers for the month of January 2016.
The next week will be data heavy as we will have automobile sales numbers, PMI data and the Reserve Bank governor taking a decision on rates. This is the last meeting of the RBI before the budget and with the clean-up by banks as desired by RBI and government fiscal deficit being under control the RBI governor could cut rates by 25 bps. Markets to continue the momentum of the week with any rate action by the RBI governor acting as fuel to the fire. Auto stocks should be in focus with sales numbers as should budget beneficiaries
Further, manufacturing and services PMI data for January from Nikkei India will also be closely watched.
Last weekly Review - we have mentioned clearly that - Nifty chart on break out mode - as expected - after some consolidation - price rallied on friday. We expect price to continue moving upper side next week also. Lets go to technicals.
>>> Nifty Weekly Chart - Posted Weekly Review <<<
Last Weekly review - wrote as - Bullish Dragon fly doji on chart. Recovery on the way. See what happened.
>>> Nifty Weekly Chart - Happened <<<
Its a Bullish candle followed by a Dragon fly doji, Price made a high of 7575 last friday, Shows bulls are gaining strength.
>>> Nifty Daily Chart - Posted Last Weekly Review <<<
Wrote last weekly review - On Daily chart - Price made a false break down. Expect a fast recovery soon. See what happened.
>>> Nifty Daily Chart - Happened <<<
Price made a 3 days consolidation and zoomed on friday, shows - more rally coming soon.
>>> Nifty Hourly Chart - Posted Last Weekly Review <<<
It was a Bullish Wolf Wave - as posted last weekly review. See what happened.
>>> Nifty Hourly Chart - Happened <<<
Price broken previous low 7555 as shown on chart - If holds, can move till 7715. We are highly bullish with wolf wave pattern, as posted last weeklky review. We are Holding long for a big target.
>>> Bank Nifty Daily Chart <<<
Price need to cross the trend line - and flow of results from leading bank stocks may decide the trend. Though if price manage to cross the trend line - Fresh rally and short covering possible any time.
>>> Bank Nifty Hourly Chart <<<
After some consolidation on hourly chart - last week - Price made an one more attempt to come back and managed to close above 50 & 100 HMA. If price remains above 50 & 100 HMA next week, Expect more recovery and rally.
>>> Performance for the month end of Jan, 2016 <<<
send you queries to niftyforall@yahoo.com or whatsapp @ 967724975
>>> Last Week Happened <<<
Positive cues from the global front such as bounce back of crude and Bank of Japan’s decision to keep the interest rates negative also supported the markets on friday - for a good come back rally.
In the first nine months of 2015-16 (April-December), the Centre’s fiscal deficit touched touched Rs 4.9 lakh crore, or 87.9 per cent of the Rs 5.5 lakh crore estimated in the Union Budget, as per the official data released on Friday.
Meanwhile, China's central bank, the People's Bank of China annouced a infusion of 440 billion yuan through open market operations to cater to the demand for funds ahead of the lunar year holiday.
The US Federal Reserve at its two-day policy meet kept interest rates unchanged citing growth concerns and said that it was "closely monitoring" global economic and financial developments.
>>> Week Ahead <<<
Market partcipants will be eagerly awaiting the Reserve Bank of India's first monetary policy review in 2016 at its meeting scheduled on Tuesday, February 02, 2016.
Auto stocks will be in focus as they would start releasing sales numbers for the month of January 2016.
The next week will be data heavy as we will have automobile sales numbers, PMI data and the Reserve Bank governor taking a decision on rates. This is the last meeting of the RBI before the budget and with the clean-up by banks as desired by RBI and government fiscal deficit being under control the RBI governor could cut rates by 25 bps. Markets to continue the momentum of the week with any rate action by the RBI governor acting as fuel to the fire. Auto stocks should be in focus with sales numbers as should budget beneficiaries
Further, manufacturing and services PMI data for January from Nikkei India will also be closely watched.
Last weekly Review - we have mentioned clearly that - Nifty chart on break out mode - as expected - after some consolidation - price rallied on friday. We expect price to continue moving upper side next week also. Lets go to technicals.
>>> Nifty Weekly Chart - Posted Weekly Review <<<
>>> click the chart to see on full screen <<<
Last Weekly review - wrote as - Bullish Dragon fly doji on chart. Recovery on the way. See what happened.
>>> Nifty Weekly Chart - Happened <<<
>>> click the chart to see on full screen <<<
Its a Bullish candle followed by a Dragon fly doji, Price made a high of 7575 last friday, Shows bulls are gaining strength.
>>> Nifty Daily Chart - Posted Last Weekly Review <<<
>>> click the chart to see on full screen <<<
Wrote last weekly review - On Daily chart - Price made a false break down. Expect a fast recovery soon. See what happened.
>>> Nifty Daily Chart - Happened <<<
>>> click the chart to see on full screen <<<
Price made a 3 days consolidation and zoomed on friday, shows - more rally coming soon.
>>> Nifty Hourly Chart - Posted Last Weekly Review <<<
>>> click the chart to see on full screen <<<
It was a Bullish Wolf Wave - as posted last weekly review. See what happened.
>>> Nifty Hourly Chart - Happened <<<
>>> click the chart to see on full screen <<<
Price broken previous low 7555 as shown on chart - If holds, can move till 7715. We are highly bullish with wolf wave pattern, as posted last weeklky review. We are Holding long for a big target.
>>> Bank Nifty Daily Chart <<<
>>> click the chart to see on full screen <<<
Price need to cross the trend line - and flow of results from leading bank stocks may decide the trend. Though if price manage to cross the trend line - Fresh rally and short covering possible any time.
>>> Bank Nifty Hourly Chart <<<
>>> click the chart to see on full screen <<<
After some consolidation on hourly chart - last week - Price made an one more attempt to come back and managed to close above 50 & 100 HMA. If price remains above 50 & 100 HMA next week, Expect more recovery and rally.
>>> Performance for the month end of Jan, 2016 <<<
>>> Click the image to see on full screen <<<
send you queries to niftyforall@yahoo.com or whatsapp @ 967724975
Thursday, January 28, 2016
Expiry Done...!!! Whats Next
Dear All,
>>> Nifty Daily Chart <<<
Expiry done. Trend line resisting still. Bullish Inverted hammer. So lets wait for tomorrow's week end closing to get clarity.
>>> Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
Expiry done. Trend line resisting still. Bullish Inverted hammer. So lets wait for tomorrow's week end closing to get clarity.
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