Above 7760 - Next Resistance @ 7820

Dear All,

>>> Nifty Hourly Chart <<<

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

Price may see 7820 if crosses above 7760.

>>> Bank Nifty Daily Chart <<<

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Bank Nifty with a Red Colored Hanging man near key resistance 16265, Lets rajan decide what's next. Cheers!!!

Weekly Review - 04th April. 2016

Dear All,

Markets will watch out for the RBI policy meet next week and a rate cut of above 50 bps could be a positive surprise. However, 25 bps is already factored in the markets. One of the key cues that we would look at is the earning season and how the monsoons will actually pan out.

World stocks gained during major part of the week after US Federal Reserve chair Janet Yellen indicated that the central bank would move cautiously in regards with interest rate hike.

On the macro-economic front, economic data released by the government on Thursday showed that the output of eight core industries comprising nearly 38 per cent of the weight of items included in the Index of Industrial Production (IIP) surged 5.7 per cent in February 2016, the highest rate of expansion in the past 15 months.

Bank shares edged higher on expectations of rate cut by RBI. Further, the central bank on Tuesday clarified some of the provisions relating to the Marginal Cost of Funds based Lending Rate (MCLR) system, which came into effect from April 1, 2016.

WEEK AHEAD:-

The major event next week is the first bi-monthly monetary policy of the Reserve Bank of India (RBI) for FY16-17 on Tuesday amid clamor for a 25 bps rate cut.

Markit Economics will unveil the outcome of a monthly survey on India's manufacturing sector for March 2016 on Monday.

The initial public offer (IPO) of Chennai-based microfinance lender Equitas Holdings opens for bidding on Tuesday.

On the political front, six-phase polling for assembly election in West Bengal and two-phase polling for assembly election in Assam kicks off on 4th April, 2016


>>> Nifty Weekly Chart <<<

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Its a Hanging Man on Weekly Chart. Bearish Cross over should be noted down. Caution Advised.

>>> Nifty Hourly Chart <<<

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Hourly chart suggest a bounce possible if 7666 holds.

>>> Bank Nifty Daily Chart <<<

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RBI Policy on 05th April, 2016. Looks like market expecting more from Rajan. Any dis-appointed move from rajan may Upset Bulls.

>>> Bank Nifty - Hourly Chart <<<

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

Its an expanding - zig zag upmove, finds its resistance @ 16265.

>>> CEAT LTD - Posted on Last Weekly Review <<<

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Wrote on last weekly review - we have entered short on CEAT Ltd for the third time. See what happened.

>>> CEAT Ltd - Booked a Good Profit <<<

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Booked a Good Profit of Rs.42000/-

>>> Apollo Tyres - Holding <<<

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Apollo tyre - Still on Hold.

>>> BharathForge - Booked Profit <<<

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Have Booked Rs.13000/- Profit.

>>> BOSCHLTD - SL HIT FIRST TIME & BOOKED PROFIT SECOND TIME <<<

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Thursday - SL hit and Re-entered short on Friday - Booked a Good Profit of Rs.21000/- Cheers!!!

>>> Performance for the month end of March, 2016 <<<

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

Kindly send your service details to niftyforall@yahoo.com or whatsapp @ 9677924975

Peaceful Expiry Near 7760

Dear All,

>>> Nifty Daily Chart <<<

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

A Doji near Key Resistance 7760, Expiry happened Peacefully.

>>> BharatForge - Posted Yesterday <<<

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Wrote Yesterday about Bharatforge to correct. See what happened today.

>>> BharatForge - Profit Booked <<<

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Bharat Forge - Booked Profit today @ First Target 268. Cheers!!!

Approaching 7760.

Dear All,

>>> Nifty Hourly Chart <<<

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7760 As wrote many times, approached. WE have booked our long near 7740.

>>> Bharath Forge <<<

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We have shorted today. Since the Price resisted @ channel top and EW seems to have completed 1-5 upmove, Expecting some correction. Cheers!!!

7580 - Still Holding.

Dear All,

>>> Nifty Hourly Chart <<<

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

7580 Still holding as a good support. We Have Long position and waiting for a good upmove.

>>> Apollo Tyre - Hourly Chart <<<

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WE have shorted Apollo Tyre and holding for a good correction. Cheers!!!

Support @ 7580, Expect a Bounce again.

Dear All,

>>> Nifty Hourly Chart <<<

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

Support @ 7580, Expect a bounce if holds.

>>> CEAT Ltd - As Posted on Weekly Review <<<

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

Posted on weekly review that - We are on Short side for a good correction. See what happened.

>>> CEAT LTD - Profit Booked <<<

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

Booked Profit near 1048. Cheers!!!

Weekly Review - 28.03.2016

Dear All,

With no immediate trigger for the stock market in the coming week, market participants will watch out for global trends, investment by foreign portfolio investors (FPIs), movement in crude oil price and March F&O expiry to dictate market trend.

The week is likely to remain volatile, as traders would roll over positions in the derivative segment from the near-month series to the April series on or before Thursday, which also happens to be the last trading day of the current financial year.

The market has decisively pierced the stiff resistance at 7,600, but in the absence of any near-term triggers, it is likely to go through consolidation in the coming week. However, hope of a rate cut towards the end of the week could push banking stocks as well as the broader markets higher.

The country’s current account deficit (CAD) narrowed to $7.1 billion (1.3 per cent of gross domestic product) in the quarter ended December 2015, from $7.7 billion (1.5 per cent of GDP) in the year-ago period.

The CAD was also lower than $8.7 billion (1.7 per cent of GDP) recorded in the second quarter ended September 2015.

>>> Nifty Daily Chart <<<

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

A Red Hanging man on daily chart. 7730 not yet cross still. Next Resistance @ 7760.

>>> Nifty Hourly Chart <<<

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Hourly chart forming a wedge pattern with a key resistance of 7760. Break above that may lead to 7840-44.

>>> Bank Nifty Daily Chart <<<

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Price resisted @ 100 DMA and channel trend line. Cross above can test 16300+

>>> CEAT LTD - Hourly Chart - We have Shorted Again <<<

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

We are short from 1108. Price almost made a low of 1068.

Next Wall of Resistance @ 7758-60

Dear All,

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

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

Wrote Yeterday - Price should continue towards upside till 7758.

>>> Nifty Hourly Chart - Happened <<<

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

Price almost making a wedge pattern which may move till 7760. Lets wait and See. Cheers!!!

Next Resistance @ 7758-60

Dear All,

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

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

Wrote yesterday - Price may reach two resistance given on chart. See what happened.

>>> Nifty Hourly Chart - Happened <<<

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

Price crossed the first resistance and looking for the second near 7758-60

>>> DRREDDY - Hourly Chart <<<

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

We are long since 3140. Price made a high of 3199 and closed @ 3180. Hope Price will break the channel and rally. Cheers!!!

Weekly Review - 21st March, 2016

Dear All,

The market is heading for a truncated week as both NSE and BSE will remain closed for trading on Thursday on account of Holi and on Friday for Good Friday.

The next major trigger for the Indian market would be Match quarter results from India Inc as well as a rate cut by the Reserve Bank of India (RBI). The Q4 results season will start from the second week of April.

In the meantime, market direction will depend on global market trend, investment by foreign portfolio investors (FPIs) and movement of crude oil prices.

Domestic institutional investors (DIIs) pulled out more than Rs 6,500 crore from domestic equities over the past 11 sessions while FIIs pumped in close to Rs 11,933 crore in the past 11 sessions since the Union Budget.


>>> Nifty Weekly Chart <<<

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

RSI on a break out mode on Weekly chart. Moving Averages made a Bearish cross over. Price closed above 7580. We advice to stay cautious on Short Selling.

>>> Nifty Daily Chart <<<

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Wave (x) seems to be extending further. Above 7580 or 7620 rally can be extended still 7760.

>>> Nifty Hourly Chart <<<

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Price took support @ 7406 and bounced as sub wave (iv) - an irregular abc.

>>> Bank Nifty Weekly Chart <<<

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Like Nifty - Bank Nifty also made a Weekly Break out on chart. Lot of news around the media. Price ignored all factors and confirmed a break out on chart.If Price breaks above 15775 may see a rally till 16306.

>>> Bank Nifty Daily Chart <<<

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

Above chart shows how 15760-775 looks important. A Cross above 15775 may see a rally till Next Resistance as shown on chart.

>>> Bank Nifty Hourly Chart <<<

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

Last Friday rally looks tiered. I assume that it may an irregular abc, hence price may possibly correct till the lower end of the expanding triangle. Above 15775 - current marking or consolidation goes invalid and rally may continue.

>>> Apollo Tyre - As Posted Last Weekly Review <<<

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

wrote last weekly review - have entered Short for the third time in a row. See what happened.

>>> Apollo Tyre - Hit SL and Exited with Loss <<<

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

A sudden jump in index and stocks on later part of the trading on friday - crossed key resistance 175 and hit SL. We have managed to exit with a loss near 177. Will Enter again or not depending on next week move. We have no Open Position now on the mentioned stock.

>>> CEAT LTD - As Posted on Last Weekly Review <<<

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

Last Weekly review - mentioned - Have made some profit on CEAT LTD and may re-enter. See what happened.

>>> CEAT LTD - SL hit and Exited with Loss <<<

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

Hit Stop Loss above 1121 and Exited with Loss. Price trading above the Upper Trend line.

>>> TataMotors - As Posted on 16th March, 2016 <<<<

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

We continue to Hold short till it holds below Resistance 370.

>>> Performance till 18th March, 2016 <<<

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

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

7580 - The Wall is Strong Enough to Stop the Bulls.

Dear All,

>>> Nifty Hourly Chart <<<

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

Price once again resisted at 7580. Yesterday it was 7406 supported and today again resisted @ 7580. Price must break either side for confirmation and move. 7406, 7350 and 7250 act as a good support. Lets wait and see how week end trades for more clarity !!!

Support Taken @ 7406. Next Resistance @ 7525

Dear All,

>>> Nifty Hourly Chart <<<

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

As given Yesterday Price got support @ 7406 and bounced back to test the channel as shown on chart. Now 7525 act as a stiff resistance.

>>> Tata Motors - as Posted Yesterday <<<

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

Wrote Yesterday - Tata Motor to correct. See what happened today.

>>> Tata Motors - Happened <<<

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Have booked some profit near 153. Re-entered again at higher rate. Lets wait and see. Cheers!!!

Support @ 7424 & 7406

Dear All,

>>> Nifty Daily Chart <<<

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

As mentioned Yesterday - Price not able to cross above 7580. If given support 7424 and 7406 not able to hold, fall to continue. Fed Policy meeting may also have larger impact on Index. Stay caution.

>>> Tata Motors - Free Call Given <<<

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

Wave C retraced almost 127.2% of Wave A. Price hit the key resistance 368-70 and started falling. Next Support @ 359 if breaks - More fall ahead. Cheers!!!