>>> Click the chart to see on full screen <<<
A-B-C-D-E still On.
>>> Click the chart to see on full screen <<<
Above 5 min chart suggest a-b-c corrective upmove, which faces resistance at 6323 and 6335. Lets See.
Tuesday, January 21, 2014
Resistance Still on 6323 & 6335
Dear All,
A-B-C-D-E still On.
Above 5 min chart suggest a-b-c corrective upmove, which faces resistance at 6323 and 6335. Lets See.
A-B-C-D-E still On.
Above 5 min chart suggest a-b-c corrective upmove, which faces resistance at 6323 and 6335. Lets See.
Monday, January 20, 2014
Still a Sell on Rise - Resistance 6306,6323 & 6335
Dear All,
Given above is a 5 mins chart. Since the movements are becoming very complicated and volatile - its necessary for us to give a clear picture and using the 5 mins chart.
Today upmove shall be an a-b-c and hence the resistance 6306 if crossed, then we may see 6323 and 6335 - which i feel once again as a sell on rise.
>>> Indusindbk - Missed Call <<<
Our Short hit SL with a loss of Rs.8000. Earlier advised to book part profit for small traders are 420 for a profit of Rs.5000. So its a Missed Call.
>>> Click the chart to see on full screen <<<
Given above is a 5 mins chart. Since the movements are becoming very complicated and volatile - its necessary for us to give a clear picture and using the 5 mins chart.
Today upmove shall be an a-b-c and hence the resistance 6306 if crossed, then we may see 6323 and 6335 - which i feel once again as a sell on rise.
>>> Indusindbk - Missed Call <<<
>>> Click the chart to see on full screen <<<
Our Short hit SL with a loss of Rs.8000. Earlier advised to book part profit for small traders are 420 for a profit of Rs.5000. So its a Missed Call.
Saturday, January 18, 2014
Weekly Review 20.01.2014
Dear All,
Markets surged 1.5% in the volatile week ended January 17 led by rate sensitive shares after the sharp decline in December WPI raised hopes that the Reserve Bank of India is likely to maintain status quo on key policy rates. However, the broader markets witnessed profit taking after gains in the previous weeks underperforming the benchmark indices.
Most of the gains were seen in earlier part of the week supported by global cues after weaker-than-expected US jobs data increased the probability that the US Fed may not increase the quantum of stimulus cuts.
The wholesale inflation declined to a five-month low in December on lower vegetable prices. WPI-based inflation stood at 6.16% from 7.52% a month ago, as per the data released by Ministry of Commerce and Industry. This is the first time since May that headline inflation has declined from the previous month. In November, the WPI inflation was at a 14-month high
Key Events to Watch Next Week :-
HDFC, L&T, Cairn India, Asian Paints and UltraTech Cement will be some of the major companies announcing their third quarter earnings.
FII investment trends will also be in focus as they have remained net buyers of nearly Rs 1,600 crore in January so far.
The movement of the rupee against the US dollar will also be on the radar of market participants.
Caution is also likely to prevail ahead of the RBI's policy review on Jan. 28.
Metal shares are set to take their cue from China's Q4 GDP on Monday.
>>> Nifty - Daily <<<
After hitting 6346 high on 16th Jan - Nifty fell down to hit a low of 6246 on 17th Jan 2014. As marked on chart it seems like wave 2 completed. The fall should be fast only if breaks below 6140-50. As said last week, I still advice more caution on Nifty - as I feel that this may be a beginning of a big or deep correction.
>>> Nifty - Hourly <<<
As said above if 6140-6150 holds then bounce back possible as there is an bullish alternative like a-b-c-d-e pattern. So important to watch the level.
>>> Bank Nifty <<<
Bank Nifty shows a clear reversal from the pitchfork lower channel - Since RBI policy on 28th Jan, its more important to watch banking sector. If unable to cross the lower channel - fall may continue.
>>> Ultracemco - As Updated on 15th Jan - 2013 <<<<
Ultracemco gave on 15th Jan - see what happened.
>>> Happened <<<
Yes We booked at 1750.
>> Performance <<<
Markets surged 1.5% in the volatile week ended January 17 led by rate sensitive shares after the sharp decline in December WPI raised hopes that the Reserve Bank of India is likely to maintain status quo on key policy rates. However, the broader markets witnessed profit taking after gains in the previous weeks underperforming the benchmark indices.
Most of the gains were seen in earlier part of the week supported by global cues after weaker-than-expected US jobs data increased the probability that the US Fed may not increase the quantum of stimulus cuts.
The wholesale inflation declined to a five-month low in December on lower vegetable prices. WPI-based inflation stood at 6.16% from 7.52% a month ago, as per the data released by Ministry of Commerce and Industry. This is the first time since May that headline inflation has declined from the previous month. In November, the WPI inflation was at a 14-month high
Key Events to Watch Next Week :-
HDFC, L&T, Cairn India, Asian Paints and UltraTech Cement will be some of the major companies announcing their third quarter earnings.
FII investment trends will also be in focus as they have remained net buyers of nearly Rs 1,600 crore in January so far.
The movement of the rupee against the US dollar will also be on the radar of market participants.
Caution is also likely to prevail ahead of the RBI's policy review on Jan. 28.
Metal shares are set to take their cue from China's Q4 GDP on Monday.
>>> Nifty - Daily <<<
>>> Click the chart to see on full screen <<<
After hitting 6346 high on 16th Jan - Nifty fell down to hit a low of 6246 on 17th Jan 2014. As marked on chart it seems like wave 2 completed. The fall should be fast only if breaks below 6140-50. As said last week, I still advice more caution on Nifty - as I feel that this may be a beginning of a big or deep correction.
>>> Nifty - Hourly <<<
>>> Click the chart to see on full screen <<<
As said above if 6140-6150 holds then bounce back possible as there is an bullish alternative like a-b-c-d-e pattern. So important to watch the level.
>>> Bank Nifty <<<
>>> Click the chart to see on full screen <<<
Bank Nifty shows a clear reversal from the pitchfork lower channel - Since RBI policy on 28th Jan, its more important to watch banking sector. If unable to cross the lower channel - fall may continue.
>>> Ultracemco - As Updated on 15th Jan - 2013 <<<<
>>> Click the chart to see on full screen <<<
Ultracemco gave on 15th Jan - see what happened.
>>> Happened <<<
>>> Click the chart to see on full screen <<<
Yes We booked at 1750.
>> Performance <<<
>>> Click the chart to see on full screen <<<
Thursday, January 16, 2014
Can't Hold above 6341
Dear All,
A-B-C-D-E formation - looks like E on the downside to start.
Wait for the first weakness..
>>> Click the chart to see on full screen <<<
A-B-C-D-E formation - looks like E on the downside to start.
>>> Click the chart to see on full screen <<<
Wait for the first weakness..
Wednesday, January 15, 2014
Resis - 6341 - 6358 - 6381
Dear All,
Wave B on the move. Extending as a-b-c. So lets wait for the Resistance to decide.
>>> ULTRACEMCO <<<
Ultra Tech - We are long form 1672 onwards. Made a High of 1720. Lets See.
>>> Click the chart to see on full screen <<<
Wave B on the move. Extending as a-b-c. So lets wait for the Resistance to decide.
>>> ULTRACEMCO <<<
>>> Click the chart to see on full screen <<<
Ultra Tech - We are long form 1672 onwards. Made a High of 1720. Lets See.
Tuesday, January 14, 2014
Not crossing 6188
Dear All,
World market in deep red, Nifty managed with a minor loss of 20 to 30 pts with high volatile and choppy session. 6232 a minor support and 6188 resisted.
>>> Click the chart to see on full screen <<<
World market in deep red, Nifty managed with a minor loss of 20 to 30 pts with high volatile and choppy session. 6232 a minor support and 6188 resisted.
Monday, January 13, 2014
Resistance 6188 & 6323
Dear All,
After last week - Friday's sudden fall - today's upmove surprised every one. Its wave B upmove - making an a-b-c correction. Now as per chart given above - I guess 6288,6310 and 6323 are the key resistance. Wave b should complete here and then should fall for Wave c. Downside target should be 6100 and 6050.
>>> ARVIND <<<
After a Part Profit in Arvind - Hit SL at 152. Closed the trade with Loss.
>>> Click the chart to see on full screen <<<
After last week - Friday's sudden fall - today's upmove surprised every one. Its wave B upmove - making an a-b-c correction. Now as per chart given above - I guess 6288,6310 and 6323 are the key resistance. Wave b should complete here and then should fall for Wave c. Downside target should be 6100 and 6050.
>>> ARVIND <<<
>>> Click the chart to see on full screen <<<
After a Part Profit in Arvind - Hit SL at 152. Closed the trade with Loss.
Saturday, January 11, 2014
Weekly Review :- 13.01.2014
Dear All,
Will Arvind Kejriwal's AAP a new Bear for the equity market?
The impressive debut by Arvind Kejriwal's Aam Aadmi Party (AAP) in the Delhi assembly polls has caused a flutter not only in political circles but in the equity market as well
Many are wondering whether AAP, which has announced its national ambitions, may end up cutting into the votes of the established political parties in the general election likely in May, lowering their seat tally and thereby the chances of a stable government at the Centre.
Most fund managers surveyed in the fourth Business Today's Morningstar Asset Allocation Survey felt the BJP-led National Democratic Alliance had a good chance of forming the next government at the centre and 67 per cent of them expected the market to rise if the NDA came to power.
But there is apprehension that the rising popularity of AAP could spoil electoral equations and lead to a fractured mandate.
Markets do not like uncertainty. Last month, the Sensex had touched its all-time high of 21,483.73 on a reasonable expectation that the NDA government would come to power by June. But with AAP in the fray, the NDA's chances of getting a majority have receded.
>>>Nifty - Daily <<<
Have published this chart many time before and said the possibilities for a fall. This week move has confirmed the fall as there is a break down on price and RSI also. Now CAUTION ADVISED.
>>> Nifty - Hourly <<<
Hourly Chart resisted at 6223 as directed earlier. Alerted all my clients to exit all longs on friday. Next support 6130 if unable to hold may trigger next round of sell off.
>>> Bank Nifty Daily <<<
Bank Nifty also broken the a-b-c-d-e raising wedge, RSI too confirming the bear trend. CAUTION ADVISED.
>>> SBIN - Follow Up - As Updated on 13th Nov, 2013 <<<
SBIN - As updated after the last quarterly result - as expected price made a high of 1925 and then fell down. So lets see whats next.
>>> Happened and Yet to <<<
So now the channel broken and moving towards the target of 1518 or even below. Caution advised on Longs.
>>> Performance <<<
Will Arvind Kejriwal's AAP a new Bear for the equity market?
The impressive debut by Arvind Kejriwal's Aam Aadmi Party (AAP) in the Delhi assembly polls has caused a flutter not only in political circles but in the equity market as well
Many are wondering whether AAP, which has announced its national ambitions, may end up cutting into the votes of the established political parties in the general election likely in May, lowering their seat tally and thereby the chances of a stable government at the Centre.
Most fund managers surveyed in the fourth Business Today's Morningstar Asset Allocation Survey felt the BJP-led National Democratic Alliance had a good chance of forming the next government at the centre and 67 per cent of them expected the market to rise if the NDA came to power.
But there is apprehension that the rising popularity of AAP could spoil electoral equations and lead to a fractured mandate.
Markets do not like uncertainty. Last month, the Sensex had touched its all-time high of 21,483.73 on a reasonable expectation that the NDA government would come to power by June. But with AAP in the fray, the NDA's chances of getting a majority have receded.
>>>Nifty - Daily <<<
>>> Click the chart to see on full screen <<<
Have published this chart many time before and said the possibilities for a fall. This week move has confirmed the fall as there is a break down on price and RSI also. Now CAUTION ADVISED.
>>> Nifty - Hourly <<<
>>> Click the chart to see on full screen <<<
Hourly Chart resisted at 6223 as directed earlier. Alerted all my clients to exit all longs on friday. Next support 6130 if unable to hold may trigger next round of sell off.
>>> Bank Nifty Daily <<<
>>> Click the chart to see on full screen <<<
Bank Nifty also broken the a-b-c-d-e raising wedge, RSI too confirming the bear trend. CAUTION ADVISED.
>>> SBIN - Follow Up - As Updated on 13th Nov, 2013 <<<
>>> Click the chart to see on full screen <<<
SBIN - As updated after the last quarterly result - as expected price made a high of 1925 and then fell down. So lets see whats next.
>>> Happened and Yet to <<<
>>> Click the chart to see on full screen <<<
So now the channel broken and moving towards the target of 1518 or even below. Caution advised on Longs.
>>> Performance <<<
>>> Click the chart to see on full screen <<<
Thursday, January 09, 2014
Support 6148 & Resistance 6180
Dear All,
Explanations on the chart.
>>> JP Associates <<<
More fall likely in JP Associates below the Support Line. Cheers!!!
>>> Click the chart to see on full screen <<<
Explanations on the chart.
>>> JP Associates <<<
>>> Click the chart to see on full screen <<<
More fall likely in JP Associates below the Support Line. Cheers!!!
Wednesday, January 08, 2014
6170 & 6223 to Decide
Dear All,
Explanations on Chart. Cheers!!!
>>> Click the chart to see on full screen <<<
Explanations on Chart. Cheers!!!
Tuesday, January 07, 2014
Broken Support - Sell on Rise
Dear All,
>>> NIFTY - DAILY <<<
Yes its almost a Bear Caution - as RSI broken the Trend line and Nifty broken 6175 and 6150.
>>> NIFTY - HOURLY <<<
Nifty Hourly Chart - 6130 & 6050 may hit soon. Lets See.
>>> BANK NIFTY - DAILY <<<
Bank Nifty RSI broken and a clear signal from Bear. Caution Advised.
>>> BANK NIFTY - HOURLY <<<
Hope no explanation needed for the above chart
>>> NIFTY - DAILY <<<
>>> Click the chart to see on full screen <<<<
Yes its almost a Bear Caution - as RSI broken the Trend line and Nifty broken 6175 and 6150.
>>> NIFTY - HOURLY <<<
>>> Click the chart to see on full screen <<<<
Nifty Hourly Chart - 6130 & 6050 may hit soon. Lets See.
>>> BANK NIFTY - DAILY <<<
>>> Click the chart to see on full screen <<<<
Bank Nifty RSI broken and a clear signal from Bear. Caution Advised.
>>> BANK NIFTY - HOURLY <<<
>>> Click the chart to see on full screen <<<<
Hope no explanation needed for the above chart
Monday, January 06, 2014
6178 Still Holding
Dear All,
5178 still holding... No change so far...Lets wait and see...
>>> JSW ENERGY <<<
Yes We are long in JSW Energy..Cross above 53.70 - will give a fresh upmove.
>>> Click the chart to see on full screen <<<
5178 still holding... No change so far...Lets wait and see...
>>> JSW ENERGY <<<
>>> Click the chart to see on full screen <<<
Yes We are long in JSW Energy..Cross above 53.70 - will give a fresh upmove.
Saturday, January 04, 2014
Weekly Review :- 06.01.2014
Dear All,
>>> NIFTY - DAILY <<<
50dma - RSI - Channel supported bulls to close green on Friday. Lets see what are the possibilities left open for Bull and Bear next week on Hourly Chart also.
>>> NIFTY - HOURLY <<<
I hope no explanation required on the above chart. Send message clearly that 6178 is a good support for nifty on friday.
>>> BANK NIFTY <<<
Explanation on chart..
>>> HIT CALLS OF THE WEEK <<<
>>> CESC <<<
>>> BHEL <<<
>>> MISSED CALL OF THE WEEK <<<
>>> BANK INDIA <<<
>>>> GODREJIND <<<
>>> COAL INDIA <<<
>>> PERFORMANCE FOR THE MONTH ENDED DEC 2013 <<<
>>> New Year Special Offer - 2014 <<<
ONLY 1 DAYS LEFT
>>> NIFTY - DAILY <<<
>>>> Click the chart to see on full screen <<<<
50dma - RSI - Channel supported bulls to close green on Friday. Lets see what are the possibilities left open for Bull and Bear next week on Hourly Chart also.
>>> NIFTY - HOURLY <<<
>>>> Click the chart to see on full screen <<<<
I hope no explanation required on the above chart. Send message clearly that 6178 is a good support for nifty on friday.
>>> BANK NIFTY <<<
>>>> Click the chart to see on full screen <<<<
Explanation on chart..
>>> HIT CALLS OF THE WEEK <<<
>>> CESC <<<
>>>> Click the chart to see on full screen <<<<
>>> BHEL <<<
>>>> Click the chart to see on full screen <<<<
>>> MISSED CALL OF THE WEEK <<<
>>> BANK INDIA <<<
>>>> Click the chart to see on full screen <<<<
>>>> GODREJIND <<<
>>>> Click the chart to see on full screen <<<<
>>> COAL INDIA <<<
>>>> Click the chart to see on full screen <<<<
>>> PERFORMANCE FOR THE MONTH ENDED DEC 2013 <<<
>>>> Click the image to see on full screen <<<<
>>> New Year Special Offer - 2014 <<<
ONLY 1 DAYS LEFT
Thursday, January 02, 2014
Support 6216 & 6178
Dear All,
>>>NIFTY<<<
>>> CESC <<<
Yes we shorted at 465 and fell down sharply till 445 and hit first target with a Profit of Rs.20,000/-
>>> Godrej Ind <<<
Godrej Ind hit our sl with a loss of Rs.6000.
>>> BHEL <<<
BHEL shorted at 175.5 and spot price fell down till 169, but Future price fell only Rs.5. Met our First Target with a Profit of Rs.10,000
>>> COAL INDIA <<<
Coal India also hit our Stop Loss at 285.50 with a Loss of Rs.3000.
>>> New Year Special Offer - 2014 <<<
ONLY 3 DAYS LEFT
>>>NIFTY<<<
>>> Click the chart to see on full screen <<<<Nifty fell down sharply - looks like a basket selling. After hitting 6354 or 78.6% fib lvl fell down sharply and find its support at 6217 or 61.8%. Next support at 6178 or 78.6%, break below these level may trigger for next level till 6130 or 6050.
>>> CESC <<<
>>> Click the chart to see on full screen <<<
Yes we shorted at 465 and fell down sharply till 445 and hit first target with a Profit of Rs.20,000/-
>>> Godrej Ind <<<
>>> Click the chart to see on full screen <<<
Godrej Ind hit our sl with a loss of Rs.6000.
>>> BHEL <<<
>>> Click the chart to see on full screen <<<
BHEL shorted at 175.5 and spot price fell down till 169, but Future price fell only Rs.5. Met our First Target with a Profit of Rs.10,000
>>> COAL INDIA <<<
>>> Click the chart to see on full screen <<<
Coal India also hit our Stop Loss at 285.50 with a Loss of Rs.3000.
>>> New Year Special Offer - 2014 <<<
ONLY 3 DAYS LEFT
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