Weekly Review - 24th April, 2017

Dear All,

French elections:- One of the biggest determinants of the movement of financial markets across the globe would be the outcome of French presidential election. France goes to the polls on Sunday for the first round of a bitterly-fought presidential election, crucial to the future of Europe and a closely-watched test of voters' anger with the political establishment.

D-Street's Big Daddy to release Q4 report card:- Mukesh Ambani-owned oil-to-telecom conglomerate Reliance Industries(RIL) is slated to release its Q4 results on Monday (April 24). According to market analysts, the company is likely to report over 5 per cent year-on-year growth in net profit for the quarter ended March 31, 2017.

F&O expiry:- The market will remain volatile as traders roll over positions in the futures & options (F&O) segment from the April series to May series. The near-month derivatives contracts will expire on Thursday, April 27, 2017.

ECB to announce monetary policy:- The European Central Bank (ECB) will announce monetary policy decision in Frankfurt on Thursday (April 27). German Finance Minister Wolfgang Schaeuble has pressed ECB to follow US Fed and change course away from an ultra-accommodative monetary policy.

Other global cues:- In the US, Minneapolis Federal Reserve Bank President Neel Kashkari will be the keynote speaker at the sixth Annual Fink Investing Conference at UCLA Anderson in Los Angeles, California on Monday. Data on new home sales measuring the number of newly constructed homes with a committed sale during March 2017 will be announced on Tuesday. Meanwhile, any development in the ongoing geopolitical tension between the US and North Korea can weigh on global markets, including india.

>>> Nifty Weekly Chart <<<

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

Previous High 9120 Under risk. Weekly closing above 9120 is a must for Bulls Survival. RSI turning down shows - Might be a False break out.

>>> Nifty Daily Chart <<<

>>> Click the chart to see on full screen <<<
Have wrote about 9274 Last week also. Price can't cross it and Started correcting. RSI on Sell Side.

>>> Nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<
Price took support @ 9275, If continue to Hold - Expect a Bounce, as the Correction might have completed as ABC.

>>> Bank Nifty Daily - Posted on Last Weekly Review <<<

>>> Click the chart to see on full screen <<<
Posted Last weekly review - 21780 as Key Resistance.

>>> Bank Nifty Daily - Happened <<<

>>> Click the chart to see on full screen <<<
21780 Still Remains a Key Resistance - RSI continue to break down.

>>> Bank Nifty Hourly <<<

>>> Click the chart to see on full screen <<<
Price if manage to hold above 21400 - Expect a Sharp bounce again.

>>> HindZinc - Posted on 20th April, 2014 <<<

>>> Click the chart to see on full screen <<<
Posted on 20th April, 2017 - We have Re-Entered again for a Good Upmove.

>>> HindZinc - 5 mins Chart - Holding Long <<<

>>> Click the chart to see on full screen <<<
Sharp Sell Off after the result day Gain. Re-Entered Long again @ Lower Level, Holding for a Possible Rally.

>>> JustDial - Booked Rs.40,000 Profit <<<

>>> Click the chart to see on full screen <<<
Booked Profit Rs.40,000/-

>>> ACC - We are Holding Short <<<

ACC, has posted a decline of 9 per cent in its consolidated net profit for the quarter ended March 31 at Rs 211 crore against Rs 232 crore in the previous corresponding quarter. After demonetisation, sales had been impacted during the October-December quarter.

>>> Click the chart to see on full screen <<<
ACC - making a double top. If so - Expect a sharp correction - after a poor results declared on Friday. Due to Capacity expansion - top line lifted by 9% Sales Growth from 0.67MT to 0.72MT.


>>> Performance till 21st April, 2017 <<<

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

Above performance is not a Promise or guarantee for the given Profits or Loss.Performance given based on 1 lot at a time and clients Profit differ as per the margin availability and Number of Lots taken by them. We may or may not re-enter the Calls given here hit Stop Loss, as per market movement. The charts given above are just for educational purpose only and we don't recommend any Entry / Buy or Exit / Sell. Reader must taken their own decision or consult their qualified Analyst before making any decision.

>>> N4A - Services <<<

Resistance @ 9150 - 9175 - 9200

Dear All,

>>> Nifty Hourly Chart <<<

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

As wrote Yesterday - Price got support @ 9080 - May face Resistance @ 9150 - 9175 - 9200.

>>> Just Dial - Posted Yesterday <<<

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

Wrote Yesterday - We are Long in Just Dial - See what happened today.

>>> Just Dial - Booked Profit Rs.40,000/- <<<

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

Booked Profit today @ 528 with Rs.40,000/-

>>> HindZinc - Exited with Loss Earlier <<<

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

Earlier - Our Long on HindZinc - Hit SL. Today We Entered Long again. See what happened.

>>> HIND Zinc - Entered Long Again @ 274 <<<

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

We entered Long today @ 274 and Holding for More Rally. Cheers!!!

Support @ 9080 & 9060

Dear All,

>>> Nifty Hourly Chart <<<

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

Its a WXY Correction. If not wrong - 9080 or 9060 may give a good support for a Upmove.

>>> JUST DIAL - We are Long <<<

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

We are Long - Looking for a Falling Wedge Break out and Rally. Cheers!!!

Support @ 9080 - 9060 - 9020

Dear All,

>>> Nifty Hourly Chart <<<

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

Once again a volatile session - along with geo political news flow. Price rallied till 9217 and breaks below 9130 again to test 9095. Next Support @ 9080 - 9060 - 9020.

>>> HindZinc - Stop Loss Hit & Booked Loss <<<

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

Price broken down the support 277 and Next support @ 267. Earlier we entered long - Hit Stop Loss. We may or may not re-enter as per market movement. Cheers!!!

Below 9130 > Open for 9080 & 9020

Dear All,

>>> Nifty Hourly Chart <<<

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

Price if breaks again and trades below 9130 - may test 9080 and 9020.

>>> Coal India - Exited Long @ Cost <<<

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

Exited our Long @ Cost with out Loss - No Position. Cheers!!!

Weekly Review - 17th April, 2017

Dear All,

Rising geopolitical tensions, disappointing March quarter earnings numbers from InfosysBSE -3.86 % and the double whammy of a contraction in February industrial output and a sharp jump in retail inflation to a five-month high in March were enough to roil the domestic market last week. Not to mention, US President Donald Trump's comment that the dollar was getting ‘too strong’, which put another nail in the coffin.

Among key events, IT bellwether Infosys on Thursday disappointed investors, reporting a 2.83 per cent drop in consolidated net profit at Rs 3,603 crore for the quarter ended March 31 compared with Rs 3,708 crore posted for the sequential quarter ended December 31, 2016.

Will the market manage to beat the blues and make a comeback this coming week? Nobody can say that, but there are a host of triggers that are going to set the mood of the market. Going by the buzz on Dalal Street, here is a list of top five factors that may sway the market next week.

Geopolitical worries: The ongoing geopolitical tension is likely to have a strong impact on global financial markets, including India. The situation took an ugly turn on Tuesday when North Korea warned of a nuclear attack on the US at any sign of American aggression, as a US Navy strike group steamed toward the western Pacific - a force US President Donald Trump described as an "armada".

Trump, who has urged China to do more to rein in its impoverished ally and neighbour, said in a tweet that North Korea was "looking for trouble" and the US would "solve the problem" with or without Beijing's help.

Earnings: A slew of corporate earnings, including those from IT giant Tata Consultancy Services (TCS), are lined up for the week ahead, which may chart market direction during the week.

Inflation number: The government is scheduled to release wholesale price-based inflation for March on Monday (April 17). The WPI inflation stood at 6.55 per cent (provisional) for the month of February 2017 (over February 2016) as compared to 5.25 per cent (provisional) for the previous month and -0.85 per cent during the corresponding month of the previous year.

Global cues: On the global front, China is expected to release industrial production data for February 2017 on Monday whereas the US industrial production data for March 2017 is set to release on Tuesday. In addition, the US Fed's Beige Book is slated to release on Wednesday.

Also, the preliminary Markit PMI Composite index for euro zone 2017 for April is due on Friday, April 21.


>>> Nifty Daily Chart <<<

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

After resisting on 9274, Price tested 9150 Support.

>>> Nifty Hourly Chart <<<

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

Key Support 9150 if breaks - Next Support 9130 is a Last hope for bulls, Break below may trigger heavy sell off.

>>> Nifty 5 Mins Chart <<<

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

Above given is a 5 mins chart, most complicated wave - where many traders might have hit stop loss on either side. As per, Counted as WXY - must hold 9150 & 9130, Else Sell off may trigger.

>>> Bank Nifty Daily Chart <<<

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

Price must Trade above 21780 for fresh rally. Staying below 21700 not a good sign.

>>> Bank Nifty Hourly Chart <<<

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

Support @ 21630 - Below trend line - Price may correct. Above 21780 Possible Rally.

>>> PEL - Posted 06th April, 2017 <<<

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

PEL - Mentioned on 06th April as Shorted.

>>> PEL - SL hit and Exited with Loss <<<

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

Exited @ 1980 with Rs.9000 Loss.

>>> TechM - Made a Loss or Rs.13200/- <<<

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

Entered Long @ 445 and Exited with a Loss at 433 with Rs.13200/-

>>> Coal India - Holding Long <<<

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

Holding long for a good Rally.

>>> Performance till 13th April 2017 <<<

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

Above performance is not a Promise or guarantee for the given Profits or Loss.Performance given based on 1 lot at a time and clients Profit differ as per the margin availability and Number of Lots taken by them. We may or may not re-enter the Calls given here hit Stop Loss, as per market movement. The charts given above are just for educational purpose only and we don't recommend any Entry / Buy or Exit / Sell. Reader must taken their own decision or consult their qualified Analyst before making any decision

>>> N4A - Services <<<

Support @ 9170 & 9150. Resistance @ 9240-50

Dear All,

>>> Nifty Hourly Chart <<<

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

As wrote yesterday - Price failed to cross resistance 9250. Support @ 9150 & 9270. Cheers!!!

Resistance @ 9250

Dear All,

>>> Nifty Hourly Chart <<<

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

Price if breaks above Key Resistance 9250 > May trigger more rally.

>>> Bank Nifty Hourly Chart <<<

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

21700 Broken after lot of consolidation, might be wave 4 and hence staying above 21700 may trigger more rally. Cheers!!!

Weekly Review - 10th April 2017

Dear All,

The Indian markets posted their biggest single-day drop on Friday in nearly two weeks after US missile strikes on Syria. US launched a massive strike on a Syrian air base in retaliation to a chemical attack on civilians, stoking fears of a geopolitical flare-up.

The move triggered a risk-off sentiment among global investors with stocks slipping and gold and bonds inching up. The Indian markets, however, were among the worst-performing markets on Friday, with the benchmark Sensex and Nifty dropping 0.7 per cent each.

Unpleasant geopolitical developments are never good for markets and economies, Investors would “wait and watch” for reactions from countries related to the Syria civil unrest over the next few days before “acting decisively.

Monsoon :-

India witnessed near-normal monsoon last year after two years of droughts, and that helped raise food grain production and rural demand looked up too. But before those benefits could show up fully in the economic data, the nation is bracing for poor rainfall in the ensuing monsoon season. Private weather forecaster Skymet has projected below-normal rainfall this year because the emergence of a possible El Nino pattern.

Should that come true, it will disrupt the emerging growth pulses of the economy which has just about come to terms with the after-effect of the cash ban.

GST implementation:-

GST looks all set to be implemented from July 1, 2017, replacing the current cumbersome taxation system in India. Some estimates show the GDP will rise 2 per cent after GST implementation. With the implementation of GST, the unorganised sector will come under the tax net and can’t avoid tax payment any more.


>>> Nifty Weekly Chart <<<

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

Price made a Shooting Star again on Above weekly chart. On weekly basis price failed to close above 9200-9220 shows - Bulls are at risk. Possibly Bears may try to repeat what happened earlier as shown on chart.

>>> Nifty Daily Chart <<<

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

Two alternatives - Price resisted for Wave B or Wave 5 at 9274. In both cases correction is imminent. We had short positions too, looking for a Correction.

>>> Nifty Hourly Chart <<<

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

Price resisted @ 9274 - May test 9130 or 9020 or even below. Break Below 8968 may trigger More or Heavy Sell off.

>>> Bank Nifty Daily Chart <<<

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

Price failed to cross above 21700 for the 2nd consecutive week with lot of negative divergence.

>>> Bank Nifty Hourly Chart <<<

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

Bank Nifty Hourly Chart - Shows the end of 1-5 as last leg. Price should break below 21310 or 21275 to confirm the bear strength.

>>> ARVIND - Holding Short <<<

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

Holding Short on Arvind. Above Head & Should Like Pattern - If not Wrong, Expect a Good or Heavy Correction.

>>> PEL - Holding Short <<<

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

Holding Short on PEL. Price completed Raising Wedge as ABCDE, If not wrong, Expect a Good Correction. Cheers!!!

>>> N4A - Services <<<

Key Resistance @ 9274 & 9305

Dear All,

>>> Nifty Hourly Chart <<<

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

Key Resistance @ 9274 or 9305 - If not crossed - May Possible start correcting. Support 9240 - 9220 - 9170 & 9130


>>> PEL - Entered Short Today <<<

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

PEL has completed a raising Wedge as ABCDE, If unable to break above the channel top - Expect some Good Correction. Today we have entered short - anticipating the correction. Cheers!!!

Above 9240 > More Rally till 9380

Dear All,

>>> Nifty Hourly Chart <<<

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

Above 9240 may rally till 9380.

>>> McDowell - We are Long <<<

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

We entered long - and holding for some rally. Cheers!!!