Weekly Review 25th September, 2016

Dear All,

>>> Nifty Daily Chart <<<

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

RSI turning down and price trying to break the trend line support. Caution advised.

>>> Nifty Hourly Chart <<<

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

Price forming a irregular correction, to confirm the same, price must break below the triangle like pattern as shown on above chart. We are holding our shorts. Any sell off below 8700 may invite bears with full strength.

>>> Bank Nifty Daily Chart <<<

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

Bank Nifty - If the channel breaks - Possible to correct more, Else may try for upmove.

>>> Bank Nifty Hourly Chart <<<

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We are holding short from 20140 and still waiting for a more such correction.

>>> JUBLFOOD - Booked Profit Rs.22500/- <<<

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

JublFood - Booked Profit and Closed.

>>> LUPIN - Exited with Loss <<<

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Exited LUPIN Long with Loss. Price broken down the channel, shows more correction possible. We don't have any Open position in LUPIN.

>>> AJANTPHARM - Possible Correction <<<

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We have short in AjantPharma. Price completed 1-5 Rally and hope there should be some correction next week.

>>> Performance till 23rd Sep, 2016 <<<

>>> 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
Note:- For details of our service - email to us @ niftyforall@yahoo.com or whatsapp @ 9677924975

Key Resistance @ 8896 & 8906

Dear All,

>>> Nifty Hourly Chart <<<

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

Price may face some important resistance @ 8896 & 8906.

>>> Bank Nifty Hourly Chart <<<

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

Bank Nifty facing resistance @ 12260-270 - above - Rally to continue.

>>> JUBLFOOD - We Booked Profit Today @ Rs.22500/- <<<

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

Booked Profit with Rs.22500/-. Above chart shows - Price may rally more if able to cross above 987. Cheers!!!

Support @ 8740-55 - If breaks May test 8690.

Dear All,

>>> Nifty Hourly Chart <<<

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

Price if breaks below 8740-55 - may test next support @ 8690.

Key Support 8750-55

Dear All,

>>> Nifty Hourly Chart <<<

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

Key Support @ 8750-55 - If breaks - Expect more fall.

>>> AdaniPort - Posted on Weekly Review <<<

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

Wrote on weekly reivew - AdaniPort may possibly correct. See what happened.

>>> AdaniPort - Happened <<<

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

We have shorted and waiting for a good correction. Lets See. Cheers!!!

Nifty Resistance @ 8830 & 8860

Dear All,

>>> Nifty Hourly Chart <<<

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

Price may face resistance @ 8830 & 8860, Fail to cross above these level may invite fresh sell off. Support @ 8690.

Weekly Review - 19th September, 2016

Dear All,

Indian equities climbed the most in 10 days, led by automakers, as Asian stocks ended a six-day run of losses after investor expectations for an US interest-rate increase eased and foreigners turned buyers of local shares for the first time in four days.

“Data shows that the US economy is still weak and a rate hike can happen only later,” said C.A. Rudramurthy B.V., head of research at Vachana Investments Pvt. in Bengaluru. “There are no negatives for the Indian markets right now, except the recent uncertainty about the Fed hike. We expect the liquidity-driven rally to continue.”

Globally, Asian stocks firmed on Friday after weak US data reduced already low expectations of an interest rate increase by the Federal Reserve next week, sending the Treasury yield curve surging to its steepest level in 2-1/2 months.

India's trade deficit declined sharply to 38.1% to $7.67 billion in August 2016 from $12.39 billion in August 2015. Exports fell 0.3% to $21.52 billion in August 2016 over August 2015. Imports fell 14.09% to $29.19 billion in August 2016 over August 2015.

The Bank of England unanimously voted to leave interest rates unchanged at record low of 0.25% after a monetary policy review yesterday and hinted of a rate cut as soon as November, despite the Brexit bounce back.

Foreigners bought $52 million of shares on Thursday after pulling $210 million in the previous three sessions as demand for risk assets cooled amid concern central banks are reluctant to boost stimulus. Foreigners have bought $6.2 billion of Indian equities this year, the most in Asia after Taiwan and South Korea.

Finance Minister Arun Jaitley on Friday expressed hope that the Reserve Bank will keep in mind the decline in retail inflation while deciding on interest rates at its policy review meeting on October 4.

>>> Nifty Daily Chart <<<

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

Price and RSI got support from Channel, shows momentum may continue after some consolidation.

>>> Nifty Hourly Chart <<<

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

Price may test 8690 or 8615 as shown on above chart.

>>> Bank Nifty Daily Chart <<<

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

If 19720 breaks - Next Support can be @ 19190.

>>> Bank Nifty Hourly Chart <<<

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

Can be an Irregular Correction mode on Bank Nifty Hourly Chart. Possible may test 19380 or below.

>>> SBIN - Booked Profit Rs.42000/- <<<

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

Last Week - Made a Profit on SBIN - With Rs.42000/-

>>> AdaniPort - Booked Profit Rs.30,000/- <<<

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

Last Week - Booked Profit on AdaniPort - Rs.30,000/-

>>> STAR - Posted on 12th September, 2016 <<<

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

Wrote on 12th September - We have shorted for a good correction. See what happened.

>>> STAR - Booked Profit Rs.27500/- <<<

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

Last Week - Booked Profit of Rs.27500/- on STAR.

>>> AdaniPort - Shorted Again - Expect a Correction Again <<<

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

Price Resisted @ the Trend line - Possible Correction again. We have shorted and Holding for a good correction.

>>> Performance till 16th September, 2016 <<<

>>> 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.

Watch 8750-60 - Above Rally

Dear All,

>>> Nifty Hourly Chart <<<

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

Price managed to Hold 8700 and watch out for 8750-60 for more rally.

>>> START - Daily Chart - Posted on 12th Sep, 2016 <<<

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

Wrote on Monday - We are long and expecting a Rally. See what happened.

>>> START - Daily Chart - Hold Long for More Profit <<<

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Price rally till 1040 today - Expecting more such rally as per above chart. Cheers!!!

Support @ 8700

Dear All,

>>> Nifty Hourly Chart <<<

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

Its a Channel Support & 8700 must decide the fate of the Bulls. Lets wait and See. Cheers!!!

Support @ 8700-8705

Dear All,

>>> Nifty Hourly Chart <<<

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

8700-8705 - Good Support, If holds expect a 'U' Turn on Wednesday Trade.

>>> SBIN - Posted on Weekly Review <<<

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

Wrote on Weekly Review - We had a short on SBIN. See what happened ??

>>> SBIN - Profit Booked today with Rs.42000/- Profit <<<

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

Booked Profit with Rs.42000/-.

>>> ADANIPORT - Posted on Weekly Review <<<

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

Posted on Weekly Review - AdaniPort may see a good Correction, and mentioned - as we had short position. See what happened.

>>> ADANIPORT - Booked Profit Rs.30,000/- <<<

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

Booked Rs.30,000 and Closed.

>>> STAR - Expect a Rally <<<

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

We are long and Waiting for a Rally. Price completed Wave B and may rally for Wave C as shown above on chart. Cheers!!!

Weekly Review - 12th September, 2016

Dear All,

The sentiments are bullish everywhere, although high valuation concerns are there all over the Street. Foreign portfolio investors (FPIs) have invested Rs 2,121 crore so far in September while domestic institutional investors (DIIs) have had net redemptions to the extent of Rs 110 crore, an indication that domestic investors are still not convinced about the India story.

Surprisingly only 48 lakh active clients had traded last week on any single day, which is too microscopic when seen from the country's demographic perspective. No wonder the depth in the Indian market is so shallow, which is why any concerted selling by FPIs results in a massive price erosion in stocks.

New Reserve Bank of India Governor Urjit Patel is likely to continue with the neutral stance on liquidity that the central bank adopted in April under Raghuram Rajan and this will play a key role in the transmission of rate cuts, suggest experts.

Ensuring adequate liquidity via open market operations (OMO) is clearly on top of the agenda of the new RBI governor. RBI will conduct open market operations (OMO) on Thursday to purchase government bonds to infuse about Rs 10,000 crore liquidity.

OMO stands for an open market operation, which is conducted by RBI. The central bank conducts OMO by way of sale or purchase of government securities to or from the market with an objective to adjust rupee liquidity conditions in the market on a durable basis.

If there is excess liquidity, RBI resorts to sale of securities and when liquidity conditions get tighter, RBI buys securities from the market.

Nifty Weekly chart formed a Inverted Hammer. While some experts turned cautious, others believed one should not read too much into Friday's trading pattern and the view of buy-on-dips market remains intact.

"I do not think we should read too much into this trend. It is after all just a readjustment of the weekly trends. We have managed to hold on to the gains that we built in during the week, giving up a little bit towards the end of the week. My expectation is that the weak hands are probably getting bailed out or being forced to bail out and they will be back in action next week," said CK Narayan, Founder, Chart Advise.

So more to watch on Trend - before taking a firm decision. Lets See technicals...

>>> Nifty Weekly Chart <<<

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

After many weeks - Price showing a Inverted Hammer - Possibly It may be a trend reversal also. Caution advised.

>>> Nifty Daily Chart <<<

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Looks like ABC completed, and if not wrong, Expect some good correction soon.

>>> Nifty Hourly Chart <<<

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

Above hourly chart suggest - Price topped out on the expanding triangle, hope a fall is unavoidable.


>>> Bank Nifty Daily Chart <<<

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

Bank Nifty - Above counts - Looks like - completed ABC upmove. But due to the complex nature of the wave - we need to still wait for some more confirmation on either side to decide any action.

>>> Bank Nifty Hourly Chart <<<

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

Last leg of rally - tested the channel top of pitchfork. Looks like Bulls getting tiered and need to confirm the bears entry with more confirmation.

>>> SBIN - Possible Correction <<<

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We have short position on SBI, looking for a good correction.

>>> ADANIPORT - Possible Correction <<<

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

We have short position on Adani Port, Looking for a good correction.

Resisted @ 8950

Dear All,

>>> Nifty Hourly Chart <<<

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

Unable to hold above 8950 and RSI broken the Trend line shows some weakness.

Resistance @ 8950

Dear All,

>>> Nifty Daily Chart <<<

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

8950 Key Resistance - If crosses - More rally till 9060.

>>> Bank Nifty Hourly Chart <<<

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

Bank Nifty facing resistance @ 20430-460, Cross above see more rally. Cheers!!!