Pranab Vs RBI Vs Nifty

Great News !!! Pranab may resign as the Finance Minister on June 24 after filing his nomination for the President's post and the Prime minister is likely to take over the Finance portfolio. Sources also say that P Chidambaram or Sushil Shinde may replace Pranab as the Leader of the Lok Sabha.

so what Mr. Pranab achieved as FM during his time ???



Pranab is the First FM to be Under Pressure in India ???

High Inflation / Negative GDP Growth / Sky flying Oil Prices / Raised Taxes = its true that no one likes Pranab as FM.

So Now the Big Question is WHO IS THE NEXT F M ???

I hope there is no chance for PC as he is still in trouble with Swami who is making allegation against him in 2G Spectrum Case.

Will Montek can Replace him - i think after his foreign trip and also Toilet Controversy had taken a big blow to his reputaion..



So will Sushil Shinde succeed ??? Will the Indian Markets cheer up for him to be the New FM ????

Will RBI fulfill market expectation on Monday ???



Due to Poor Industrial Growth and High Inflation - Market expecting an aggressive rate cut on Monday - will Subbaroa satisfy Nifty with his Action ???

So finally Les See whats on Nifty Eod Chart



Please click the above chart for a clear picture.

Given above is the Eod chart shows a clear break out from the above trend line and almost near the 200 dma, a cross above this means no doubt a big bull trigger for next week. Two gaps left on the top 5180 and 5226 - means no doubt Nifty will fill it .



On Hourly Chart No doubt we are in 3rd Wave - means Bulls has already triggered for a good Upmove in coming days. Resis 5190 / 5235 / 5280 / 5342 for Next Week. Strong Support @ 5047

Fridays Performance :-

(15/Jun/2012 11:05:28): ****NIFTY-ALERT**** :- Buy Nifty (Spot) Only above 5108-10 Level for a Possible Upmove for 5136 / 5190 & 5235. Nifty Weak Below 5070 may slide upto 5060 / 5040 & 5000.


(15/Jun/2012 12:13:32): ****NIFTY-ALERT**** BUY TRIGGERED

(15/Jun/2012 14:13:43): Nifty on INtraday Day High - 5131. Buy given @ 5108. Hold Your Longs for Given Target with SL.

Nifty made a High of 5146 and Clients are Holding for the Given Target on Monday. I may Extend the Target or Advise to Book Profit during Market Hours depending on the Market Conditions

Note:- Open Trading Account with Marwadi Shares and Finance - Madurai Branch - We give Excellent Advice - Back Office Support - Best Brokerage - Online Trading Software. For Account Opening Queries Call me at:- 9677924975 / 9362081313 - 0452 - 3018000

Bears are Back Again!!!

>>>Click the Chart to Enlarge <<< >>>NIFTY<<<

As I wrote Yesterday - Once the Key Support 5095 broken, Nifty fell down to test the next Support at 5056.

As given on Chart - Nifty has completed 1st Wave and Started a Corrective sw(2). Since 23.6% retrace 5056 was broken today, a fall upto 38.6% upto 5000 can't be ruled out. A gap down opening is also possible for tomorrow.

Today's Performance :-

*****NIFTY-ALERT***** :- Nifty Spot Looks weak below 5095 may slide upto Next Supp Level @ 5056/5000. Resistance 5124-28.

*****NIFTY-UPDATE***** :- Nifty Spot achieved first Target 5056. Small Traders Book Profit, Others HOld for Next Target. Sell given at 5095. Profit 39 X 50 = Rs 1950. Enjoy




>>>Click the Chart to Enlarge <<< >>>>> SBIN <<<<<

Today's Stock Performance :-

*****STOCK-ALERT***** State Bank of India :- Weak Below 2185-80, may slide upto 2140/2110 & 2070. SL 2210-15.

SBI Sell given @ 2185. Cmp:2152. Profit 125X 33 = Rs 825 Hold the Shorts for Target with SL

As per Attached chart SBIN has completed A-B-C wave and started falling. Today our Short Call Performed well. Tomorrow if SBIN Breaks 2140 then a Possible fall upto 2075 not ruled out.

Note:- Open Trading Account with Marwadi Shares and Finance - Madurai Branch - We give Excellent Advice - Back Office Support - Best Brokerage - Online Trading Software. For Account Opening Queries Call me at:- 9677924975 / 9362081313 - 0452 - 3018000

Bulls are not Safe Now?

As Wrote Yesterday Nifty Spot did not break 5090 - made a low of 5095 and moved up and breaks the Key resistance 5124. Now the Important question is where are We?

I have changed my Counts today - as Nifty broken the Key Resistance 5124.

As per the attached chart - it seems Nifty have completed sw-4 (as key 5124 has been taken out today) and sw-5 is running. As per chart - sw(5) also nearing an end as 1-5 marked on 5th has been nearing an End.

Tomorrow if Nifty breaks the Trend Line as given on Chart - Nifty may Invite Sell off - Key Support @ 5095 / 5056 & 5000.
Key Resistance @ 5150 / 5190 & 5232.
If Nifty able to Break above 5150 may test rest of the Resistance Levels as the 5th wave can get Extended further.
Cheers!!!

Bull Trap or Bear Trap

Nifty Opened Gap down and Managed to Recover Breaks 5124 once and closed at 5111.75 (sw(2)(b). Now if Nifty able to trade above 5124 with good volume Only I suppose to Say Bulls are strength to move up. But I see this move as a Bear Case to fall for sw(2)(c) as marked on chart.

Tomorrow is a Inflation Day. 5090 Plays as Important Support, break below this may lead to a fall upto 5040 & 4990.

As Said earlier, If Nifty able to trade above 5124 with volume, these counts becomes Invalid and to assume that sw(3) must have started, which i shall post tomorrow. So Play Safe and Earn Profit on Every Move.

Note:- For Advice during trading Hours - Best Profit making calls on Both Yahoo and SMS - Open a Trading Account with Marwadi Shares and Finance Ltd., Madurai Branch - Best Advice / Best Brokerage / Best Service and Back Office Support with Excellent Trading Software for Online Traders also.

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Bear Comes First - News Comes Next

Asked you "Shall I call the Bear on Friday" ??? - As said Nifty down from 5124 to 5041 -
If 5040 gets Broken, then 4990 & 4950 are the Next Support to Watch.

Today's Performance :-

****NIFTY-ALERT**** :- If Nifty Breaks 5103 then may fall utp 5080 & 5060. Resistance 5124.

See the Low of Nifty Today.

Shall I Call the Bear Again ???

As I wrote Yesterday Bull Relaxed till today Afternoon, came down and almost filled the Gap - made a low of 4995. Later Part of the Trading was Jumped for sw(5).

For Monday Nifty faces a Key Resistance at 5095 to 5104 on spot, channel resistance line as given on chart.

On the Hourly Chart We had a Bearish Grave Stone doji which may an indication that Nifty has completed the Wave 1 -

Now its time for Consolidation to Corrective wave 2. So It is Advised to Book Profit Near the Resistance line so that I can Call the Bear for the Wave 2.

Today Following Calls send to Our Trading clients in Marwadi Shares:-

*****NIFTY-ALERT***** Buy Nifty above spot level 5025. SL 4990. Target 5080/5120 /5150 and 5190.

Almost achived the First Target. Those who are holding still should Book On Monday.

Lets wait for Next Week to Welcome Bear Once again and Nifty to get Consolidate.
Happy Week end for all, Till then Cheers!!!

Note:- Those who are Interested to receive such Profit Making Calls should Open a Trading Account with Us in Marwadi Shares - Madurai Branch. Call me in:- 9677924975 / 9362081313 or 0451-3108000.
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Let the Bull Relax before another Run

As I wrote Yesterday a cross above 5011 can take nifty to 5055, and today Nifty Exactly hit a High of 5058.3 which is 161.8% Retrace and completed sub wave (iii). Now Nifty should consolidate for sw(iv) before any further Upmove. A Possible downside Upto 4988-4990 to fill the gap as marked on Chart can't ruled out for tomorrow.



Attached is the Eod chart of Nifty - As it Crossed and closed above 50dma is a good and Healthy sign for Bulls in coming days as it can hold on closing basis. But need to Cross the Resistance Channel can give a Bullish Trigger in coming days. Interesting days are Yet to come - Lets wait for it. Cheers!!!

The Bulls are Back!!!

Finally Bulls are Back with Vengeance.. Hoping that ECB will ease Monetary Policy & Rate Cut by Reserve Bank of India later this month.

As wrote Yesterday Nifty broken 4895 and jumped with strength. As per previous EW counts it seems Nifty has successfully completed Wave C and triggered a 3rd Wave up move (like 1-5 move pattern). Today Wave 3(1)(iii) is underway, as marked on chart (iii) sub wave have almost retraced 127.2% which is 5010.25. A cross above 5011.25 may take nifty upto 5055 which is 161.8% retrace.
Cheers!!!

Will Germany Rescue Euro Zone ??

Yes Germany will Rescue Euro Zone Says "CEO - Deutsche Bank".

"Destruction is much more expensive than further construction. A demolition of the euro zone will create chaos in Europe and probably also in many parts of the world".

The above Words are Much more Important for our Market too.

At the Same time U.S. is pressing the government of German Chancellor Angela Merkel to do more to strengthen the euro zone.

Now the Outlook for G-7 Finance Ministers Tele Conferance is very Important for tomorrow Trade.

Also the Focus to be given on Federal Reserve Chairman Ben Bernanke before a congressional panel on the economic outlook and monetary policy on Thursday.

In this situation - Lets Look at How Nifty going to react for the Rest of the Week.



As I wrote Yesterday nifty Unable to Hold above 4895 Spot, it shows the 5 wave downside not yet finished. As marked on Chart if the Upmove today was sw(4) then the fall for sw(5) is Ready. If so then the fall can be like 4803 / 4774 / 4744 / 4702 and 4650.

Above 4895 all these counts became Invalid and Upmove should Continue for a Resistance like 4925 and 4967.

Lets Wait and See - Cheers!!!

Its again a Bear Attack

Hi Every Body,
First I apologize for Not Updating on Friday - due to my Personnel works.

Bears continuous to attack Our Indian market due to global Factors.



Spanish Prime Minister's Call for "Robust Banking Union"

France Finance Minister Said "aid for troubled European banks should come through the European Stability Mechanism rather than through governments"

The yield on the 10-year U.S. Treasury note increased four basis points to 1.49 percent.

above head lines tells us clearly that still the global Equity markets are still not out of Danger Yet.




Given above is the Daily Chart of NIFTY which shows that we are in the ABC correction - C(5) is going on.
Click on the Picture to Enlarge it and view clearly.



So for a Clearer Picture, see this 5 Mins enlarged Chart. As per this 2 alternative counts has been given. Yellow color i to v has completed at 127.2% @ 4770. Else Green Color shows extended 3rd sub wave has been completed at 4770, Resistance are at 4875 and 4895, cross above these level may invalidate green counts. Lets wait and see!!

Again Friday

Nifty made a Gap down below 4945, made a Low of 4884 which is 61.8% retrace of the Previous Raise. Now if this Golden Ratio able to hold, then its clear that we have completed the sw(iv) as marked on chart. Resistance for Tomorrow are 4967 / 4992 / 5018 / 5054 and 5100. Lets wait for the Weekend Move. Cheears

Again EXPIRING Day for NIFTY

Its a Very Complicated Extenstion wave on Nifty Upmove, Shows a Consolidation for sw(4) needed on the Expiry Day.
I have mentioned a two possibilities here. If today's low 4945 is held then a Possible upmove upto 4990 before a fall for sub wave C. Else if broken may lead to a fall upto 4915 to complete the 4th sub wave. Lets wait for the Results on Expiry Session. Cheers.

Should I Go Long Now ???

>>>NIFTY<<<

As Said Yesterday Nifty touched the 127.2% Retrace @ 5017-20 and also Broken the Raising Wedge Channel and closed at 4984. Now Support at 4950-54, if able to Hold for tomorrow on closing basis, then we may Rally upto 5075 & 5180 in Short Term. Lets wait and See.

Bulls - In the Line of Fire

Nifty Crossed 4870 and closed at 4990. Now Key Resistance 5017 / 5035 & 5075. Break out above the Channel Line as marked on Chart shows that Bulls still have strength to Run to give us a Relief. Lets See.

>>>Crompton Greaves<<<<

Crompton Greaves almost ended the Fall and shows a Good Jump today with Reasonable Volume. Cmp:110.5. Immediate Target 120, above that can shows a Good Up move in coming Days. Lets See.

Road Block for a Bull??

Resistance seems to be Slowing down Bulls Upmove. 4953-54 / 4976-77 are the Stiff Resistance. Cross above these levels may Bring 5035.

Fail to Cross above 4976-77 means - end of sw(4) and a Fall can't be ruled out.

Lets Wait and See !!! Till then Happy Weekend.

At Last The Bull is BackN

Finally Relief Rally or Bulls Trigger ???? Days Should Decide the Trend. As per My Count if this is Sw4(c) then Nifty Should move upto 4971 / 5017 and 5074. Key Level for Bulls Trigger at 5154 - If able to Cross then we should confirm that Downside is Finished. Else once again the fall can resume after achieving the given Level.

Lets wait and See. Cheers!!!

Today's Performance:-

(5/24/2012 9:18:54 AM): *****NIFTY-ALERT**** :- Buy NIFTY SPOT above 4850 for a Target of 4870 / 4890 & 4920. SL below 4830.

5/24/2012 3:19:15 AM):*****NIFTY-UPDATE***** Morning Buy Given at 4850. All Target Achieved. Book Full profit at 4920

Break Out??? Still No Shadow of Bulls Yet

Nifty able to come out of the channel as marked on chart, shows that sub wave 2 finished.

Below 4789 entire count Becomes Invalid.

Lets Wait & See!

Austerity Vs Economy

Finance minister Pranab Mukherjee on Wednesday said he would impose new austerity measures, howsoever unpopular they may be, to address India's fiscal problems and spur growth.

But the Truth is Different -

The ‘tour expenses’ of the Union council of ministers in the current financial year (2011-12 ) has surprisingly shot up 10 times, from a budgeted estimate of Rs 46.95 crore to Rs 499.9 crore in the revised estimates.

President Pratibha Patil's foreign travel has cost the public exchequer a whopping Rs. 205 crore on her foreign visits, surpassing the record of all her predecessors. Patil has undertaken 12 foreign trips covering 22 countries across four continents. A further sum of nearly Rs. 36 crore has been incurred by the Ministry of External Affairs on accommodation, local travel, daily allowance and "miscellaneous" expenses, according to the information provided by the ministry.
Patil has so far visited Brazil, Mexico, Chile, Bhutan, Vietnam, Indonesia, Spain, Poland, Russia, Tajikistan, the UK, Cyprus, China, Laos, Cambodia, the UAE, Syria, Mauritius, South Korea, Switzerland and Austria spending a total of 79 days abroad.

Lok Sabha Speaker Meira Kumar travelled abroad 29 times in 35 months incurring a total expenditure of nearly Rs 10 crore. Total expenses on these visits were Rs 9.89 crore. She also gave gifts worth Rs 11.66 lakh to her hosts.

Hence - the So Called Austerity Measure as said by Pranab Mukherjee is not Only Happening in Central Govt, its spread thought Out India in all States too. See How the Indians Money Paid as Tax is Wasted.

J.Jayalalithaa celebrated a year in office as chief minister of Tamil Nadu with ads on the front page of many English dailies Spend nearly Rs.25 Crore.

Several million rupees are spent on print media ads on the birth and death anniversaries of national leaders. It is tough to understand how India can afford to spend taxpayers’ money this way when there is dire need of reforms as growth languishes near 3-year lows, current account deficit rises and the rupee sinks.

So there is no Bar between a President or Chief Minister of State or a Cabinet Minister - in Spreading such a So Called Austerity Measures.

Les See some of the Upcoming Foreign Tours by our Cabinet Minsters :-

1) Urban Development Minister Kamal Nath is travelling to Tokyo this week, as part of the CII delegation to celebrate 60 years of diplomatic relations between India and Japan.

2) Environment Minister Jayanthi Natarajan is travelling to Rio De Janeiro for the Earth Summit, scheduled from June 20 to June 22.

3) HRD and Telecom Minister Kapil Sibal is scheduled to visit the US for a week next month — a trip on which he will combine work related to both his ministries.

4) Civil Aviation Minister Ajit Singh is headed to the USA to take possession of the Dreamliner aircraft.

5) Commerce Minister Anand Sharma will be travelling to Brussels in June for the EU-India negotiations on FTA.

6) Agriculture Minister Sharad Pawar will be visiting New Zealand and England in the next few weeks.

7) Petroleum Minister Jaipal Reddy is slated to go to Turkmenistan in connection with the signing of the TAPI pipeline agreement

>>>NIFTY<<<

The Upmove form 4789 to 4937 is 5 wave structure shows the corrective upmove started and a Fall today is sw(2) with a irregular abc as given on chart. The 2nd wave should be deeper in nature as the first wave retraced fast from 4789 to 4889. So No doubt we shall Move up if the Friday Low 4789 is Not broken from here. Tomorrow Support at 4837 from where Nifty should Bounce to break the Crucial Resistance 4970.

Till Fridays Low is not taken out - Short Traders Must stay Cautious. Hope Nifty can make a "U" turn any time and Surprise the Bears.

Lets See! Cheers!!!

Ru "PEE"

The RU-"PEE" hit a Record Low of 55 Vs Dollar. But Still No Action from the Govt. Raising US Bond Yield,Falling Euro, Adverse Demand from Corporates and Oil Marketing companies also a Reason for the Sharp Fall in the So Called Rupee. So what the UPA Govt doing ??? What the Finance Minister & "Presidential Candidate" Mr. Pranab doing???

As the UPA has completed 3 Years in Power what they have did So Far????

What the People got from the UPA govt so far???

Telecom Scam / Common Wealth Scam / Adarsh Scam / Military Scam ..

So whats the Result:-

1)Standard & Poor's cut India's credit rating outlook to negative from stable reflecting the toll that hefty fiscal and current account deficits and political paralysis

2)Data released by the Central Statistics Office showed annual inflation rate based on all India general CPI (combined) for April on point-to-point basis (April 2012 over April 2011) at 10.36% as compared to 9.38% for March.

3)The index of industrial production or IIP fell 3.5 per cent against a forecast of 1.5 per cent growth. So whats does it Means ? Is this Just a Number or more than that ? - Slow Growth / Weak Manufacturing & Job Growth / RBI will not Cut Rates Rapidly / Poor or Bearish Stock Market

4)Several recent policy decisions by India have caused "significant concern" and "dampened sentiment" about its investment climate, US Ambassador to India, Nancy J Powell said

5)Morgan Stanley cuts India's 2012 economic growth forecast to 6.3% from prior 6.9%; 2013 forecast to 6.8% from 7.5%.

6)India's economic growth has slumped to a near three-year low and its current account deficit is the highest since 1980, a gap that is difficult to control when the rupee is at a record low.

7) Poor FDI and FII inflow

But what is the Answer for all these form our Prime Minister - See Below :-

Prime Minister Manmohan Singh's Congress Party blames unreliable allies in his coalition government for blocking major reforms aimed at opening up the economy to much-needed foreign investment and tackling obstacles in the way of growth, from creaking infrastructure to endemic corruption.

Hence forth whats Going to Happen to Our Equity Market - "Sell - Sell - Sell" Only

Weekly Nifty Trading Below 200 dma, Clear Sell Signal on Weekly MACD - Shows that Nifty in the Grip of Bear. Last Friday Nifty took Support at 4788 show that some Reversal may happen due to Over sold region, a Relief rally may be temporary in Nature - Fall may resume at any time. If the Top line of the Channels gets Broken - then Once agian the fall may start any time Badly.

On Hourly Chart - Nifty has Broken out of the Falling Wedge - Possibility of Nifty may touch 4950 - 5000 and 5130 as I wrote on Friday. Any Upmove from here Must be Corrective in Nature Only.

Lets have a Closed Look at Nifty 5 Mins - Seems like sw (1) completed and (2) in action. May touch the Yellow channel Line before Bouncing back tomorrow. 4860 acts as a good support.

Lets see. Cheers!!!

At last Nifty came out of the Channel - Seems to have completed sw(3) - which is almost 261.8% or sw(1) - exactly at 4790. Thanks to SBI results which is more than expected - Hope Bank Nifty may help Nifty to rally Next week.

Important Levels for Next Week:- Resistance :- 4920 - 5000 - 5065 - 5130.

Above 4920 Shall be treated as a break Out and the Rest of the Levels are Targets - Next Week.

Lets See!!!