Weekly Review - 18th July, 2016

Dear All.

>>> Nifty Weekly Chart <<<

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

As given on chart

>>> Nifty Daily Chart <<<

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8630 and RSI trend line must restrict the bulls.

>>> Nifty Hourly Chart <<<

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Price and RSI shows some weakness, must confirm it.

>>> Bank Nifty Daily Chart <<<

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Bank Nifty showing lot of strength and helping the entire market, No doubt in it. So the Capital Infusion from govt. on PSU Banks and Outcome of Results and NPA updates may dictate the trend of Nifty Bank Index. More action left.

>>> WockPharma - Posted on 30th June,2016 <<<

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Posted earlier on 30th June, 2016 - Stock may rally. See what happen.

>>> WockPharma - Booked Profit 36000/- on 12th July, 2016 <<<

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Booked Profit Rs.36000/-

>>> Petronet - Posted on 09th July 2016 <<<

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Wrote on 09th July - a Possible correction for Petronet. See what happened.

>>> Petronet - Profit Booked Rs.30,000/- on 13th July, 2016 <<<

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Booked Profit Rs.30,000/-

>>> SunPharma Hourly - Posted on 13th July, 2016 <<<

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Wrote on 13th July, We are short on sunpharma - See what happened.

>>> SunPharma - Profit Booked Rs.5400/- on 15th July, 2016 <<<

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Booked near 772 with Rs.5400 Profit.

>>> HINDALCO - Posted on 14th July <<<

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Hindalco Posted on 14th July and still Open.

>>> Performance till 15th July, 2016 <<<

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8630 - Above - Everything may come to Bulls Side

Dear All,

>>> Nifty Weekly Chart <<<

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As per comments given on chart.

>>> SunPharma - As Posted Yesterday <<<

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Posted Yesterday - Sunpharma may correct, See what happened.

>>> Sunpharma - Happened - May Correct Further <<<

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We are holding our shorts, and chart suggest more correction possible.

>>> HINDALCO - Daily Chart<<<

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A GraveStone Doji Yesterday and a Doji today - Near Crucial Resistance - Signals a Bearish tone. We have Shorted and holding for a Good Correction. Cheers!!!

Hanging Man - Caution Sign ???

Dear All,

>>> Nifty Daily Chart <<<

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

Hanging man on the channel top. Can't Jump into any conclusion - Unless we get more confirmation. May be a Warning sign too.

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

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

Posted on Weekly Review - Petronet may see a possible Correction.

>>> PETRONET - Booked Profit Rs.30,000 <<<

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

PETRONET - We have booked our Short near 287 with Rs.30,000/-. Chart suggest that - More fall possible.

>>> SUNPHARMA - Hourly Chart <<<

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

Have Shorted SunPharma and Holding for a Correction. RSI and Price Broken the Channel Support - Indicates a Possible Correction. Cheers!!!

Resistance @ 8530,8580 & 8630

Dear All,

>>> Nifty Daily Chart <<<

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

Channel Resistance @ 8530, Above may test 8580 & 8630

>>> WOCKPHARMA - Booked Profit Rs.36000/- <<<

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

We are long from 920 and today we booked @ 980 with Rs.36000/- Cheers!!!

Resistance @ 8470

Dear All,

>>> Nifty Hourly Chart <<<

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Above 8470, may test 8550,8580 and 8630.

>>> Bank Nifty Hourly Chart <<<

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Above 18420 - May test next Resistance @ 18820. Cheers!!!

Weekly Review - 11th July, 2016

Dear All,

The Congress is generating political heat and lining up allegations of 'scams' in the run up to the monsoon session of Parliament in which the Modi government's declared priority is 'to isolate Congress' and push the GST bill through

Political circles foresee a stormy monsoon session following Congress raising the carbine issue, even as it persisted with 'telecom scam'. Congress seems to be readying with the 'carbine plank' to return fire after the BJP targeted it over the Agusta-Westland scam in the last session.

Meanwhile The benchmark S&P 500 stock index traded above its record close on Friday as Wall Street rallied after a much-larger-than-expected print in jobs growth confirmed the U.S. economy has regained speed after a first-quarter lull.

After a dismal payrolls report for May that raised concerns about the health of the economy, employers added 287,000 jobs in June, beating market expectations for the first time in four months.

Some analysts said the strong jobs number could put an interest rate hike from the Federal Reserve back on the table, even as concerns linger over the global economic impact from Britain's vote last month to leave the European Union.

>>> Nifty Daily Chart <<<

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

So far price moving as ABC and C wave getting extended on its last leg. Price may face resistance @ 8430 above may test 8630.

>>> Nifty Hourly Chart <<<

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Above hourly chart - resisted at the middle of the channel and supported @ 8290. More rally above 8360 and 8430.

>>> Bank Nifty Daily Chart <<<

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Resistance @ 18100 - above, Price may see fresh rally.

>>> Bank Nifty Hourly Chart <<<

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18100 or 18150 plays a key role as resistance. Above which price may see more rally.

>>> PETRONET - Daily Chart - Correction Ahead <<<

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We are short in Petronet. Price and RSI suggest a good fall.

>>> WOCKPHARMA - Hourly Chart - More Rally on Card <<<

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We are long since 920 and if price crosses above 960 - more rally possible till 1000+. Cheers!!!

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

For service related queries - email us to niftyforall@yahoo.com or whatsapp @ 9677924975.

Support @ 8320,8267 & 8227

Dear All,

>>> Nifty Hourly Chart <<<

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

Below 8320 - Price may test 8267 and 8227. Global pressure may ease the price till the support level.

>>> ACC - Follow Up <<<

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ACC - We are holding our short, If price breaks below 1585 as shown on above chart, More fall likely till next support.Cheers!!!

Next Resistance @ 8430

Dear All,

>>> Nifty Daily Chart <<<

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

Next Resistance may be extended till 8430 or even 8635.

>>>WockPharma - As Posted on 30th June, 2016<<<

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Posted on 30th June, for a Possible upmove on Wock Pharma. See what happened.

>>> WockPharma - Rally to continue <<<

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WockPhara on Rally. Above 960 More rally possible. We are long since 920. Cheers!!!

Weekly Review - 04th July, 2016

Dear All,

After a mixed March quarter, market participants are eyeing a stable June quarter from India Inc, which will start declaring their numbers from this week.

GST hopes from monsoon session: The monsoon session of Parliament is scheduled to start on July 18, but hope of a likely passage of the GST bill has already started building. Any positive development on that front is likely to push the market higher.

Monsoon data: Monsoon rains have covered DELHI, Punjab and Haryana along with western Uttar Pradesh, according to the weather office. The monsoon has covered most parts of northern India close to the normal date of July 1 despite a week's delay in its onset in Kerala.

Better rainfall should help bring down food prices, which have risen sharply. A good monsoon and a low inflation print will strengthen the case for the Reserve Bank of India to slash interest rates further.

>>> Nifty Daily Chart <<<

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

Price on the 5th wave upmove after getting support form 50DMA. RSI Break out and Candle formation on Friday should be watched.

>>> Nifty Hourly Chart <<<

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Price must hold above 8308 to continue upmove.

>>> Bank Nifty Daily Chart <<<

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Price need to cross above 18042 - to continue upmove.

>>> Bank Nifty Hourly Chart <<<

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RSI break out and followed by Price rally - shall be valid only if price able to cross and hold above 18100 as per hourly chart.

>>> ORIENTBANK - Posted as on 27th June, 2016 <<<

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Posted on 27th June - Orient Bank - for a good UPmove.

>>> ORIENTBANK - Profit Booked <<<

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Profit Booked @ 108 with Rs.33000/-

>>> Performance for the month end June 2016 <<<

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

End or New Trend ???

Dear All,

>>> Nifty Hourly Chart <<<

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

Price moving for the last wave - Resisted today @ 61.8% or near 8308.

>>> WOCKPHARMA - Hourly Chart <<<

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WockPharma - Both Price and RSI on a Break out mode. We are long and holding for a good upmove. Cheers!!!

Next Watch out for 8220-30

Dear All,

>>> Nifty Hourly Chart <<<

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

Next Resistance to watch out for 8220-30.

Resistance @ 8150-54

Dear All,

>>> Nifty Hourly Chart <<<

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

Hope price trying to fill the gap, may find its resistance @ 8150. Keep watching.

>>> ACC - Hourly Chart <<<

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Looks like a end of 1-5 Rally on the stock. If So, Expect some correction soon. We are short and waiting for a good correction. Cheers!!!