Where is the Bottom ?

Dear All,
>>NIFTY<<

> Click the chart to see chart on full screen<

Support 5960 and 5940.

Resistance 5986, 6010,6030 and 6050

>>SBIN<<

> Click the chart to see chart on full screen<

Should cross the Channel Line for Upmove. Lets See!!! Cheerss!!!

Weekly Review 04.02.2013

Dear All,

The RBI in its third quarter monetary policy review on Tuesday surprised the market by cutting short-term lending rate called repo by 0.25% to 7.75% and Cash Reserve Ratio (CRR) by similar margin to 4%, releasing Rs 18,000 crore primary liquidity into the system.

The Reserve Bank of India also lowered its growth projection for the Indian economy as new investment demand continues to remain muted. The banking regulator now expects the domestic gross domestic product (GDP) growth at 5.5% in the current financial year. It had earlier projected 6.5% growth in July, 2012. But lowered it to 5.8% three months later as investment demand slowed, consumption spending moderated and export performance eroded.

Growth in Indian manufacturing slowed to a three-month low in January, as new export orders lost momentum, a business survey showed on Friday, underscoring the risks to India's economy from weak global demand, particularly in Europe.

The HSBC Markit manufacturing Purchasing Managers' Index (PMI), declined to 53.2 in January, after rising to a six-month high of 54.7 in December.

Nifty ended over 1% lower in the week to February 1 weighed down by profit booking in rate sensitive stocks after the Reserve Bank of India at its policy meet struck a cautious note on further easing as it awaits government's plan to control the rising fiscal deficit and said that inflation continues to remain above its comfort zone.

>>> NIFTY <<<

Last week our entire Supports got broken, Nifty broken even 6008 and its time for us to find out the alternative (counts) analysis for next week and coming days too..

As Such we have 2 alternatives discussed below :-

Alternative - 1 :-

>Click the chart to see on full screen<

Entire Support given last week has been broken and hence forth re-counted,above give is first alternative.

Last leg of 5th wave is going on, in that case (i),(ii),(iii),(iv) and (v) or a,b,c,d and e must be there and 5965 should give a good support.

Alternative - 2 :-

>Click the chart to see on full screen<

Second alternative shows that wave (1) got completed and broken the important trend line support for a wave 2 correction which was divided as a,b and c. If 5970 gets broken 5890 shall be tested soon.

>>> BANK NIFTY <<<

As given Last Week :-

>Click the chart to see on full screen<

>Click the chart to see on full screen<

> Happened and Yet to :- <

>Click the chart to see on full screen<

As Said Last week 12523 gave a good support and end its 4th sub wave. On going may be 5(ii) as 5(i) completed its journey at 12960. Support between 12580 to 12600.

>> PERFORMANCE <<

For Queries and Details contact niftyforall@yahoo.com

Cheers!!!

No Where to Go - Supp 6030 / 6008

Dear All,

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Expiry day was Quiet and Now Nifty should find its support at 6030 and 6008.

>>> GAIL <<<

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Gail - Looks like a Tripple Bottom and if Support given Here means - A Good Bounce - Get Ready to Catch it. Cheers!!!

Expiry to Decide Nifty Direction ?

Dear All,

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

As said last 2 days Nifty holding 6045 and unable to surpass 6080. Volatile trade persist as a result of Result season. Now Nifty should cross 6084 and 6096 Resistance as shown on chart for any further upmove to break 6111.8 high. If breaks 6045 or 6008 on the downside then may test 5980.

Since tomorrow is a Expiry Day, its going to be an Interesting day. Lets See. cheers!!!


Follow Up Stock - >>> TATA GLOBAL <<<

As given on 7th Januaury - 2013

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

As given on 11th Januaury - 2013

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

Gave Chart on 07th and 11th January shows that Stock has lost it Support and ready for a clear fall. As Said Tata Global touched a low of 143 Today. Now Whats Next ???

>>> Happened and Yet to <<<

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

Yes Price Should find its support near 140, if breaks then 131 next Support. So will it hold 140 for Upmove ???? Lets See!!! Cheers!!!

6045 & 6008 Support

Dear All,

As gave Yesterday :-

>Click the Chart to See on full Screen<

Happened and Yet to :-

>Click the Chart to See on full Screen<

As Wrote Yesterday Nifty holding the Support 6045 although it break at 3:15 and made a low of 6042 and managed to close 6050.

Support for Tomorrow :- 6045 and 6008.

Lets See !!! Cheers!!!

RBI to Decide Nifty Move !

Dear All,

> Click the Chart to See on Full Screen <

It was a Choppy trade in Nifty ahead of RBI's Monetary Policy tomorrow. Since no Major Movement and also we have discussed a lot in last week, lets look into a very close look at in 5 min Chart about whats happening in today's move.

Above chart is a 5 mins chart - forming a 1-5 movement. The Count invalid below 6045 or to say it as a Intermediate Reversal.

Since FOMC meet also to be held for 29th and 30th of January, there can be a lot of Volatile due to news flow.

Support 6051 and 6045

Resistance 6083 - 86 and 6105

Lets See!!!

Weekly Review - 28.01.2013

Dear All,

>>> Re-Cap from Last Week's Update <<<

>>Click the Chart to See on Full Screen<<

In Last weekly Review, Have assumed that sw(iii) is completed and sw(v) may get extended as shown above with possibilities, instead (iii)rd of (v)th extended as a diagonal as shown below.

>>Click the Chart to See on Full Screen<<

So the fall happened after an ending diagonal for the (iv)th sub wave happened as below.

>>Click the Chart to See on Full Screen<<

Happened and Yet to :-

As said last week 6020 gave a good support with Channel shows the end of (iv) th wave and upmove looks like (v)th wave. Now 6080 and 6100 act as a Resistance next week and cross above can give a new high in coming days. Short Sellers should take care of their stop loss. Lets see.

>>> Bank Nifty <<< As given Last Week :-

>>Click the Chart to See on Full Screen<<

Updated on 24th Jan, 2013 :-

>>Click the Chart to See on Full Screen<<

Happened and Yet to :-

>>Click the Chart to See on Full Screen<<

Last Weekly Review wrote that 12523 as a support, which gave a good support for last week for an upmove. As shown on above chart it seems like a break out and a possible upmove should continue in next week also.

>>>ANDHRA BANK<<< as given last friday

>>Click the Chart to See on Full Screen<<

Happened as follows :-

>>Click the Chart to See on Full Screen<<

Sent on Jan 24, 2013 02:35:30 PM *****N4A-STOCK-ALERT***** Buy ANDHRABANK near 112-113. SL below 107. Target 117 and 122 (all spot lvl

Sent on Jan 25, 2013 02:52:43 PM ****N4A-STOCK-UPDATE**** ANDHRA BANK NEAR FIRST TARGET 117. BOOK 4000 x 4 = RS.16000/- SL CTC http://niftyforall.blogspot.in


>>PERFORMANCE<<

>>Click the Chart to See on Full Screen<<

Cheers!!!

Again 6020 !!!

Dear All,

>click the chart to see on full screen<

Nifty Support 6020 again on Hold, also 100dma making sense for Bulls. Lets wait and see.


D Subbarao, P Chidambaram discuss economic situation

RBI Governor D Subbarao, who will announce the quarterly monetary policy on January 29, today discussed the prevailing macro-economic situation with Finance Minister P Chidambaram.


"Our next quarterly review policy is scheduled for Tuesday. As per standard practice, I have come to review macro economic situation with the Finance Minister," he told reporters after the meeting here.

The third-quarter monetary policy review is keenly watched by the industry as well as the market because the central bank has not lowered the key interest rate (repo rate) since March on concerns of inflation.

>> BANK NIFTY << >> As given on Weekly Review <<

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>> Happened and Yet to <<

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As wrote on Last Weekly Review - Bank Nifty holding 12523 and if holds tomorrow, then possibility of bounce is high.

>>SBIN <<

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SBIN looks like getting a channel support and 2420 and 2440 act as a support as i assumes that 5th sub wave should start from here.

>>ANDHRA BANK <<

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Andhra Bank on Channel Support and 100 dma. Lets wait for a Bounce.

Between 6020 to 6060 !!!

Dear All,

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Nifty took support at 6020 and touched 6060 as shown on chart. Now if breaks on either side to decide trend. Lets wait.

>>Unitech<< Gave Yesterday :-

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Happened Today :-

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Performance :-

Sent on Jan 22, 2013 09:17:29 AM ****N4A-STOCK-ALERT**** Sell UNITECH below 37.90. SL above 38.90. Target 35 (all spot lvl)

Sent on Jan 23, 2013 02:50:26 PM ****N4A-STOCK-UPDATE**** UNITECH NEAR FINAL TARGET 35. SELL GIVEN AT 37.90. ALMOST 20,000 PROFIT. ENJOY

Low Made 34.60

>>AUROPHARMA<<<

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AuroPharma - on a Head and Shoulder formation, Break below the base line may trigger and Sell off and free fall not ruled out.


Cheers!!!

Support 6010 ???

Dear All,

As gave Yesterday :-

>Click the chart to see on full screen<

Happened and Yet to :-

>Click the chart to see on full screen<

Yesterday wrote Yesterday, Ending diagonal broken today and fell down.
Now Nifty has Support as follows 6045, 6010 and 5982

>>UNITECH<<

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Unitech just broken down the Intermediate Support, as the fall is confirmed with Negative divergence on MACD and RSI too broken down.

Let see.

Ending Diagonal ??

Dear All,

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Earlier have suggested about the possible extension of 5th wave, and now it seems like an ending diagonal.

Break below may give a good fall.


>>> DLF <<<

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DLF below 20dma and MACD and RSI on Negative Divergence - Long Holders Stay Cautious.


>>RELINFRA<<

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Sent on Jan 17, 2013 01:34:22 PM ****N4A-STOCK-ALERT**** Buy RELINFRA above 530. SL below 524. Target 535,542 and 548(all spot lvl)

Sent on Jan 21, 2013 11:41:14 AM ****N4A-STOCK-UPDATE**** RELINFRA near 2nd Target 542. Buy given at 530. Profit 500x12=Rs.6000/-

Achieved 548 also, Made a High of 551. All Target Done. Profit 500 X 18 = Rs.9000/-

Weekly Review - 21.01.2013

Dear All,

Last Week Market moved up on News flows like GAAR and Positive Inflation data.

Now Mr.PC is busy in bringing down fiscal deficit, if he takes aggressive steps can spike inflation which may prevent RBI from cutting rates. Deregulation of diesel price is not a good news for Inflation.

Challenges ahead for Mr.PC is reforms in mining policies related to land acquisition and steps to bring down inflation shall going to be more difficult in coming days.

Although FM had assured India Inc that "The government will take all steps to contain fiscal deficit and pursue reforms to deal with economic challenges" and pointed out that " he had a plan to restrict the fiscal deficit to 3 per cent of GDP by 2016-17".

Pre-Election Year :-

Market usually worries in Pre-Election Year as there can be a Vote Bank Budget, as Last time Mr. PC did the following in 2008 before election.

In 2008, a year before general elections, Chidambaram announced a scheme to waive farm loans, which ended up touching 36.8 million farmers and cost the government Rs 65,000 crore.

He also accepted the recommendations of the Sixth Pay Commission for government employees, costing the government Rs 47,500 crore, including Rs 27,000 crore as arrears from 2006.

Meanwhile at present Govt not ready to wait till the budget as Government has just hiked Railway passenger freight after a period of 10 yrs and also cut the subsidy for diesel to deregulated.

Also Started 'Direct Cash Transfer' Scheme to replace the current delivery
mechanism of social schemes including subsidised food grains, kerosene and fertilisers. Of the total 34 welfare schemes, ones included under the first phase are Janani Suraksha Yojana, MGNREGS, District welfare schemes, Rural Development Schemes and student scholarships and stipends. Fertilizer, LPG, Kerosene and food have been kept out in the initial phase.

Its very hard to find out the result of Direct cash transfer scheme at this stage as it was aimed at vote bank in forth coming election.

But Govt should reduce its subsidy bill from 2.5% of GDP to 1.5% of GDP very soon to drive growth for India Inc.

Ok lets go to Technicals..

>>>NIFTY - DAILY <<<

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>Click Chart to see on full screen<

>>>NIFTY - HOURLY <<<

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Over all Picture shows On Daily as well as Hourly - a Bearish Scenario.

Only Daily Chart a Evening Star Near the Channel top seems to be a Cautious Signal.

Hourly Chart EW Count Suggest 2 Possible Alternatives:-

1) Friday’s Top 6083 shall be assued as end of 5th wave, if so,should break below 6024 and 6008 or the channel line supportto fall further.

2) or 5th wave making an extesntion as shown in green color,as 6083 is sw(i) and should find support near 6024 or 6008 for (ii)to bounce back for next upmove.

>>BANK NIFTY - HOURLY <<

>Click Chart to see on full screen<

Bank Nifty give above is Hourly Chart - Seems like 4th wave abcde consolidation of final leg of Upmove. Count is valid only if holds above 12523 as shown on chart with Red Arrow mark.

If this count is not wront, one more bounce not ruled out.

>>SBIN<<

>Click Chart to see on full screen<

SBI seems to have given a break out earlier and a volatile trade between the breakout line raises question about Break out.
As bank nifty also in the last leg of upmove, will SBI IHS pattern break out changes the entire outlook ????

>Performance<

>Click image to see on full screen<

Again Boncing !!!

Dear All,

>Click the Chart to see on full screen <

Unlike Yesterday, Nifty bounced after taking support near 5990.

Updated above chart is a alternative for bull scenario as Yesterday fall was market as a 4th wave. If that was the case so upmove may continue for few days, with lot of Volatile.

Support :- 5990,6010,6020,6030 and 6040
Resistance :- 6050 6070 and 6090

Lets see!!!

Bears are Back !!!

Dear All,

Gave Yesterday :-

>Click the Chart to see on full screen<

Yesterday wrote about channel Resistance

Happened and Yet to :-

>Click the Chart to see on full screen<

Today Nifty returned back before touching the Upper Resistance Line, Seems to be falling down towards the lower end of the channel.

Support :- 5990 5970 and 5940

Resistance :- 6020 and 6040

>Reliance Infra <

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Reliance Infra looks weak if breaks and trades below 532 may fall badly.

We had a sell on this stock and made profit as follows

Sent on Jan 16, 2013 09:23:54 AM ****N4A-STOCK-ALERT**** Sell RELINFRA below 552. SL above 557. Target 545 and 535 (all spot lvl) http://niftyforall.blogpsot.in

3:06:07 PM ****N4A-STOCK-UPDATE**** RELINFRA NEAR FINAL TARGET 535. BOOK 500 x 17=8500/- ENJOY


>PANTALOON RETAIL<

>Click the Chart to see on full screen<

Pantaloon Retail broken down the Head and Shoulder and gave us a Big Profit Today.

See the Performance as follows

11:21:36 AM ****N4A-STOCK-ALERT**** Sell PANTALOONR below 252. SL 258. Target 245 and 240 (all spot lvl)

3:20:20 PM ****N4A-STOCK-UPDATE****PANTALOON 242. SELL GIVEN AT252. PROFIT 2000x10=RS.20000/- BOOK PROFIT

Lets See!!! Cheeers!!!