Weekly Review - 15.07.2013

Dear All,

>>> Nifty - Daily <<<

>Click the chart to see on full screen<

5970 Crossed and closed shows strength of Bull. Also Hanging man add more green signal to Bulls. Though one should keep in mind that the current upmove is only a Corrective in nature and upside is only limited.

>>> Nifty - Hourly <<<

>Click the chart to see on full screen<

Above Hourly Chart should be very clear for those who read this blog regularly. I have previously absorbed the possible break out when B wave was triangle nature as a-b-c-d-e. So current upmove should be Wave C. As per Fib Golden Ratio 78.6% or 6088 should be the next target. But I still feel it can also crossed for 6095 or even 6140 may tarsget. Let See...

>>> Bank Nifty <<<

>Click the chart to see on full screen<

I think no explanation needed for Bank Nifty, as its very easy to understand/


>>> Hits of Last Week <<<

>>> Lic House Fin <<<

>Click the chart to see on full screen<

>>> Sesa Goa <<<

>Click the chart to see on full screen<

>>> Indus Ind Bank <<<

>Click the chart to see on full screen<

>>> PERFORMANCE <<<

Upmove Started. Resistance 5960

Dear All,

>Click the chart to see on full screen <

So finally Nifty broken out as said and wrote for wave C. Now resistance at 5960 and if break on the upper side a Valid IHS break will come into effect and should move towards our target as mentioned on previous post. Lets Wait and see.

>>> LIC HSG FIN <<<

>Click the chart to see on full screen <

Lic Hsg Fin if breaks above the Falling Wedge, Expect big short covering and Fresh Buying on card.

>>> Sesa Goa <<<

>Click the chart to see on full screen <

As expected we got result and profit on sesagoa. Yes we bought at 143 and booked at 149 on second target. Still it looks like it had potential to move up above 154. Lets see.

Support 5790

Dear All,

>Click the chart to see on full screen <

As wrote Yesterday, Nifty forming an triangle like pattern as a-b-c-d-e as shown on chart. Now I feel 5790 is a good support and should bounce from there if not broken. So lets wait and See.

Wait for an Upmove

Dear All,

> Click the chart to see on full screen <

Crucial Support 5790 and Resistance 5860. If unable to cross Resistance means Wave b should consolidate further as a-b-c-d-e like a triangle, else if crosses 5860 may confirm the end of wave b and should move up for wave c.

IHS in Progress ???

Dear All,

>Click the chart to see on full screen<

Nifty seems like forming an IHS firmly, as today it got the base line support as shown on chart. If this base line not broken it may bounce towards the IHS Break out on the neck line. Else if gets broken means, may drift towards the gap left below. Lets See.

>>> Bank Nifty <<<

>Click the chart to see on full screen<

Bank Nifty got its best Support at its golden ration 78.6%. Its seems like bouncing back to fill atleast for filling the two gaps left above. Lets See.

Weekly Review :- 08.07.2013

Dear All,

As said Last week Nifty started moving up as I mentioned this as Relief Rally. Now the Scenario is 2 way. Lets see whats all it.

>>> NIFTY <<<

Scenario 1 :-

> Click the chart to see on full screen <

Above count is valid as per the Resistance Level given, If broken those Resistance level, then Second Scenario should come into effect and so the upmove should continue. Else Fall should start from here onwards.

Scenario 2 :-

> Click the chart to see on full screen <

As per the Second Scenario Nifty is forming a 3-3-5 Flat correction, means B wave had a high possibility of moving up as IHS may come into effect towards the Target of 6100 and there after C wave may not fall below 5566. So I prefer not to short at current level to avoid Loss.

>>> Tata Motors <<<

> Click the chart to see on full screen <

Above chart given on Friday, So lets see what Happened now..

Happened and Yet to :-

> Click the chart to see on full screen <

Hope the directions given on chart is clear, No need for explations.

>>> UCO BANK <<<

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Expect more fall in Uco Bank if 68 is not crossed. We are already in Profit with SL CTC. Let See.

>>> SESAGOA <<<

> Click the chart to see on full screen <

Sesagoa support at 140 should move up from here. Lets see.

>>> Performance <<<

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

Above Performance is up to first week of July 05, 2013. We are adding new clients for this month. Queries are invited on niftyforall@yahoo.com

Relief Rally should Continue

Dear All,

>Click the chart to see on full screen<

As Said Yesterday 5760-67 gave a good support and Nifty started moving up. Should continue till the upper channel as shown on chart. So lets wait..

>>> Tata Motors <<<

>Click the chart to see on full screen<

Tata Motor - We had a good Profit today. Now Price on important juncture where if crosses above the channel, good upmove coming, else more consolidation left. Lets wait and see

Support 5760-67

Dear All,

As said Yesterday Nifty Came down to the 3rd support for sub wave (4) and I hope should bounce back form here with the support of 5760-67, Possible Target near 5900. Lets See.

>>> TechM<<<

>Click the chart to see on full screen <

Today TechM low made 965. We had a Sell call at 1035. First Target met at 980. Expecting a Fall if channel breaks as shown on chart.

>>> Reliance Capital <<<

>Click the chart to see on full screen <

Reliance Capital also met our Target Today. Cheers!!!

Choppiness to Prevail

Dear All,

>Click the chart to see on full screen<

Nifty faced a Resistance near 5900 and hence drifting down may take support at 5840,5800 and 5767 for a possible sub wave (4). Once sw (4) gets complete may state moving upward to complete a-b-c corrective upmove. Lets See.

>>> Ranbaxy <<<

>Click the chart to see on full screen<

Cheers!!!

Next Resistance 5936 & 5955

Dear All,

>Click the chart to see on full screen<

5890 Crossed today, hence 5936 & 5955 are the Next Resistance.

>>> Hindalco <<<

>Click the chart to see on full screen<

Yes We booked our First Target on Hindalco at 102 Today, as We had a Buy at 95-97 on Last week. If break above the channel line then a possible bullish break out. Lets wait and see.

Weekly Review 01.07.2013

Dear All,

****NOTE**** FACING SOME PROBLEM ON THIS BLOG WHILE UPDATING CHARTS. TRYING TO RECTIFY IT. WILL DO MY BEST AT THE EARLIEST AS POSSIBLE.

>>> Nifty - Daily <<<

>Click the chart to see on full screen <

Same Daily chart You must be well know if you are a regular reader of this blog. As per this Chart, I hope a downfall must start from here onwards.

>>> Nifty - Hourly <<<

>Click the chart to see on full screen <

Hourly Chart suggest possible end of rally near 5850, else 5890 and 5917 act as a strict resistance where (iv)th sub wave may end. Whereas 5890 resist as trend line as shown on chart.

>>> Bank Nifty <<<

>Click the chart to see on full screen <

Bank Nifty above 11595 or 23.6% act as support where as 11943 and 12224 should act as a resistance. While Nifty is almost up 280 point up from the low of 5566, Bank nifty just showing sign of movement indicates us some thing cooking inside. Also Banking License announcement may be this week may trigger Bank Nifty on either side. So interesting week ahead. Lets see.

Rally to Continue

Dear All,

>Click the chart to see on full screen<

.
So, Relief Rally is On. Should Continue as per Target marked on chart. Let See.

Wait for Relief Rally

Dear All,

>Click the chart to see on full screen<

No change in view. Market remains volatile + choppy ahead of expiry. So wait for a relief rally unless the below channel gets broken as shown on chart.

Relief Rally ??? or Trap ???

Dear All,

>Click the chart to see on full screen<

Nifty crossed 5618 resistance as mentioned yesterday. Bounced back from the channel support as shown on chart. Possible targets are given as 5723 and 5820 levels. Lets See.

>>> Ranbaxy <<<<

>Click the chart to see on full screen<

Looks like Ranbaxy may bounce from here. Lets See.

Also Have posted lot of charts on Face Book on this Heading "So Guess ???? What's Next ??????" Yesterday and today. Visit our page for more such charts.

Cheers

Resistance 5618

Dear All,

>Click the chart to see on full screen<

5586 done first Target as mentioned on weekly review.
Now Nifty faces resistance at 5618
Support 5566 & 5510.

>>> Bharti Airtel <<<

>Click the chart to see on full screen<

Bharti Airtel - Gave on the Weekly Review as a break out candidate, today came down and I feel 280 as Last support

Weekly Review 24.06.2013

Dear All,

There is no need to react and panic over the rupee's fall, Finance Minister P Chidambaram said on Friday, a day after the Indian unit it an all-time low against the dollar.

>>> NIFTY - DAILY - Updated on 15th June, 2013 <<<

>Click the chart to see on full screen <

Said 2 weeks before, mirror like formation happening and fall can resume any time.
>>> Happened and Yet to <<<

>Click the chart to see on full screen <

Nifty continue to fall for Wave C. Since C(3) is extension in nature, volatile should be there. Means more downside left.

>>>> Nifty - Hourly <<<

>Click the chart to see on full screen <

Since 3rd wave is On, 5th Leg downside should resume once the 4th sub wave gets completed. So a relief upmove should be seen before resuming a fall. Possible Targets are given on chart.

>>> Bank Nifty <<<

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

Bank Nifty channel support and seems like completed wave (1) or (a) shows possible bounce back from here.

>>> Bharti Airtel <<<

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

Since last week I'm bullish on Bharti, Friday closing looks like a Break out, If i'm not wrong Next week Bharti should give a decent gain. Lets see.

>>> Voltas <<<

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

Voltas on wave c, should move up for the target mentioned on chart.

>>> SBIN <<<

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

SBIN need a break out above this channel for a Possible Rally as shown on chart.

>>> ZEE Limited <<<

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

238.5 Should be taken out for 245 upmove. Lets See

>>> Performance <<<

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

For details send email to niftyforall@yahoo.com.

Next Support 5607-5610

Dear All,

>Click the chart to see on full screen<

As I was writing this week 5870 is an Important Resistance, failed to cross and started falling for the last down wave. Today has brken 5683, previous low shows the strength of the bear. So whats next ???

>>> Nifty - 5 mins chart <<<

>Click the chart to see on full screen<

Above is a closure view on Nifty from 5 Min chart. Next support between 5607-5610.

Following message send during trading hrs.

Sent on Jun 20, 2013 12:40:01 PM ****N4A-NIFTY-VIEW**** NIFTY SPOT IF BREAKS 5683, THEN NEXT SUPP 5640,5590 & 5510. RESIS 5830 & 5870.

5646 Low made today itself, Cheers!!!