Fed Vs Nifty

Dear All,

The Federal Open Market Committee will end its two-day policy meeting today, with the outcome expected at around mid-night (Indian Standard Time).Market participants are waiting for any cues on tapering of third-round of bond-buying programme popularly known as ‘quantitative easing’ after Fed Chairman Ben S. Bernanke said asset purchases could be scaled back should the U.S. employment outlook show “sustainable improvement.”

>>>> NIFTY <<<<

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No major change in Levels as 5870 not breaking on the upside. So Lets wait.

>>> Bank Nifty <<<

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Bank Nifty seems like completed first leg of downside for sw(a) or (1) and cross above the falling wedge shall give a corrective upmove, Price almost crossing 50hma may add strength to the bulls.

>>> Bharti Airtel - Follow Up <<<

Updated on Blog as on 17th June, 2013

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Happaned and Yet to

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Price gave a clear break shows more upside coming.

>>> Voltas <<<

Updated on face book at 11:40 am today

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Break out given - More upside coming.

5870 Resisting

Dear All

Bernanke likely to signal tapering :

Fed Chief Ben Bernanke is likely to signal on Wednesday the central bank is close to reducing its $85-billion-a-month asset-purchase program. Bernanke is likely to deliver an upbeat message on how the strength of the economy will soon justify a taper, with a signal that this in no way brings forward a rise in short-term interest rates, according to the report.Rising bond yields are likely to make the Fed cautious about acting too quickly after its first move.

So if this Happens, then No Way FII's may start pulling out Money from Our Market Too. Going to be Interesting tomorrow.

>>> NIFTY <<<

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No change on levels as said yesterday.

>>> Exide Industries <<<

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Exide on Bear Phase. Should Fall from here. If break the Triangle then Free fall not ruled out. Lets See.

Resistance 5870

Dear All,

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5870 Key Resistance for sub wave (4). If not crosses then fall to resume, else this count invalid and upmove should continue.

>>> Bharti Airtel <<<

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Bharti Airtel ready for Break out above the channel. Lets See

Weekly Review - 17.06.2013

Dear All,

> Nifty - Daily Chart <

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Above daily chart broken the support line and traded below 200dma for 2 days, and a bounce on friday to touch back the support turned resistance line seems like a relief rally or sub wave (iv).

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Above plotted line on chart shows the possible down move in coming days. Friday upmove i have numbered as sub wave (iv) and if able to move above 5940 may invalid this count. If 5940 is not crossed, then the fall should continue as shown on chart.

>>> Nifty - Hourly Chart <<<

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Above Hourly chart - shows the move as an extension in nature, the Upmove should be resisted at two Points like 5828 and 5862 form where the fall should resume once again. Move past these resistance invalided this count.

>>> Bank Nifty - Daily <<<

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Bank Nifty completed Wave (3) or (C) should find support at 11226 as shown on chart.

>>> SBIN <<<

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SBIN after breaking the important support line it seems like forming an Expanding Triangle like pattern. Ongoing 3rd Wave had a potential to fall till 1900 and 1740. Lets see.

>>> Performance <<<

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Last Hope for Bulls - 5638

Dear All,

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Major reason why I feel nifty may get support in near terms means, FII may not go for aggressive selling from here. The reason is FIIs who invested even about 40 days ago, the losses, if they exit market, on the currency exchange rate itself will be close to 9 per cent. It does not make sense for them to sell now.

Though the falling rupee has dampen the sentiment is true and the fall continues in Nifty. Stocks are beaten down more than enough.

Last Hope for Bulls stands near 5638, if broken then the Bear phase should extend more, as I see change in direction and counts as below.

>>> Nifty - Alernative - Breaish View <

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Cheers!!!

Holding the Support But No Strength ?!?!?!?!

Dear All,

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Yes, Holding the support but still no strength. Details on chart.

5854 Broken, Next 5750

Dear All,

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Yesterday's alternative count failed as it broken the channel given. Today broken 5854 and confirmed wave (c). Now Wave (c) retracing 127.2% of wave (a) which may complete Wave B at 5750. Approx 372 Points fall form 6132. So Nifty may return from 5760-5750 levels soon. Lets See!!!

Re Vs Nifty

Dear All,

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The rupee today fell by a whopping 71 paise to hit a new life-time low of 57.77 in the late morning trade on persistent dollar demand from importers and and banks amid the US currency gaining overseas.

Chief economic adviser Raghuram Rajan, said the weakness in rupee could be a temporary phenomenon. "India has large CAD, and currencies of emerging markets (with) large CAD have depreciated more. This could be temporary phenomenon. But again let me reiterate government is not supportive of weakening of rupee and we would like more stability," he said.

Finance Minister P Chidambaram, too, had said there was no cause for alarm and the currency would soon find its stable level.

Falling Rupee raising concerns whether the Reserve Bank of India (RBI) would ease policy rates in its upcoming meet next week.

Unlike I predicted Last week about Bullish Wolf Wave, Nifty made a very choppy + volatile trade after a gap up opening today morning, ended day in negative zone after weakness in rupee worried market.

So its inevitable to find a alternative move on Nifty. Here it is...

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I dont think there shall be any steep correction or panic fall with immediate, instead the ongoing move shall be in the form of a-b-c-d-e format (only if 5854 gets broken) which may get complete at 5754 or near to it. It shall be like a 'Flag' Like Pattern, and a break out above the flag needed for an upmove after the fall gets complete.

So its like a No Trade Zone. Lets wait and See.

Weekly Review 10.06.2013

Dear All,

>>>> Nifty <<<<<

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I still feel like a IHS in still active unless price closes below the mentioned support like.

>>>Posted on 06th June, 2013<<<

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Though lot of bad news like falling rupee,US Fed withdrawing its monetary stimulus and the Reserve Bank of India not cutting rates as much as previously anticipated Charts shows lot of bullish signs and support. Key Events next week should decide the trend like Wednesday: April industrial output, May CPI inflation and Friday: May WPI inflation

>>> Bank Nifty <<<

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Bank Nifty on Crucial Supports Like 50 dma and the Trend line as shown on Yellow colored. Important evens on wednesday and Friday also impact Bank Nifty which may give a heavy action moves next week. Interesting week coming next. Get ready for it.

>>> Performance <<<

We welcome subscription queries, so send us email on niftyforall@yahoo.com for more details.

Bullish Wolf Wave - Get Ready for Upmove

Dear All,

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Yes, certainly its clear that Nifty on a Bullish wolf wave. Earlier I said 5854 and today made a low of 5869 which looks like a double bottom as marked on chart. Now the Scenario looks clear for a Bullish wolf wave and I hope Nifty may start moving up for 6200+ soon. So Interesting move coming. Lets See

>>> DLF <<<

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Yes, Worst is over for DLF. If this Double bottom is not broken, Get ready for a Good Upmove from here on-wards. Cheers!!!

5937 - Resistance to decide

Dear All,

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5937 if not crossed then fall should happen as said yesterday (please refer yesterday post) to fill the gap left at 5854, else if crosses the resistance, then an upmove (turn around) may happen. Lets see

5854 Next

Dear All,

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Should fill the gap left at 5854 as shown on chart.

>>> Rcom <<<

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So More fall coming on Rcom. Lets See

Support - 5916-20

Dear All,

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It Seems like 5916-20 getting support from Trend line as well as Andrew Pitchfork's channel bottom. If these Support not broken 5990, 6005 and 6030 should resist the Upmove. Lets See.

Weekly Review 03. 06. 2013

Dear All,

Falling Rupee, Fear of US fed may trim Stimulus, Fear of RBI may not Cut Rates made nifty to crack nearly 140 Pts on friday.

Though GDP data, which came largely in line with expectations. India's economy grew 4.8 per cent in the fourth quarter, compared with 4.7 per cent in the previous quarter. But GDP data pointed to a protracted weakness in economic growth. Also portfolio shuffling by foreign institutions ahead of changes on MSCI India index also contributed to the Fall.

Demand in the economy remained low, as private final consumption expenditure rose just 3.81 per cent in the fourth quarter, against 4.15 per cent in the previous quarter. Also, gross fixed capital formation, a proxy for investment rate, grew just 3.43 per cent, against 4.5 per cent in these two quarters.

Planning Commission Deputy Chairman Montek Singh Ahluwalia said: "I think there is evidence that the economy has bottomed out but we don't yet have evidence of strong recovery."

>>> Nifty - Daily <<<

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As Said last week, there is no change in the view.

>>>> Nifty - 5 Mins Chart <<<<

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Nifty completed wave B and started Wave C as shown on chart. So more fall coming next week also.

>>> Sbin - as on Last Weekly Review <<<

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>>> Sbin - Happened and Yet to <<<

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As said last week sbi broken down 2093 and confirmed the downside.

>>>> Bank Of India - Updated Last Weekly Review <<<

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>>>> Bank Of India - Happened and Yet to <<<

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Broken the Neck line..

>>> IbRealEst <<<<

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More fall coming on Ibrealest...?

>>> Performance <<<

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Crossed 6128

Dear All,

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Unlike Yesterday said, 6128 Crossed and Resistance line also broken on the upper side. So changed counts and views are given above. If the ongoing is a B Wave, then B wave is retracing bit high and may even touch the Upper channel of Pitchfork. So lets wait for clarity.

>>> Can Bank <<<

>>> Given Yesterday <<<

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>>> Happened and Yet to <<<

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Yesterday said CanBk to touch 415 and today Morning Booked as it is. Fresh call generated also done first target. Looking for more downside in days to come. Cheers!!!

Expiry Day

Dear All,

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No major change as it was a very choppy day ahead of Expiry. Still holding below the Resistance line as gave Yesterday. So lets wait for tomorrow for any more clarity.

>>> Can Bank - Updated as on 11th May, 2013<<<

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>>> Can Bank - Happened and Yet to <<<

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Unlike Previous Chart, we had some changes on counts, though the pattern looks like a possible H&S. Hence break below 415 and the base like or nick line may trigger a big fall on stock. We had a call on Can Bank today and done 2nd target also as give on chart. So lets see how H&S is going to perform.

Resistance 6128

Dear All,

>>> Nifty - 2 Hour Chart <<<

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Have some major changes on counts today as the Key level 6117 breached. Earlier have predicted the upmove as (iv)th wave, instead have marked as wave (b) and hence the Resistance might be 6128, if not crossed then possible to fall for wave (c) on the downside.

>>> Nifty - 5 Mins Chart <<<

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Attached above is a 5 min chart marked with key sub waves to facilitate for ABC (3-3-5) pattern. Hence 6228 if not crossed then a possible fall upto 5890 and 5830 for Wave C coming.