Can't Hold above 6341

Dear All,

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A-B-C-D-E formation - looks like E on the downside to start.

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Wait for the first weakness..

Resis - 6341 - 6358 - 6381

Dear All,

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Wave B on the move. Extending as a-b-c. So lets wait for the Resistance to decide.

>>> ULTRACEMCO <<<

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Ultra Tech - We are long form 1672 onwards. Made a High of 1720. Lets See.

Not crossing 6188

Dear All,

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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.

Resistance 6188 & 6323

Dear All,

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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 <<<

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After a Part Profit in Arvind - Hit SL at 152. Closed the trade with Loss.

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 <<<

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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 <<<

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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 <<<

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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 <<<

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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 <<<

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So now the channel broken and moving towards the target of 1518 or even below. Caution advised on Longs.


>>> Performance <<<

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Support 6148 & Resistance 6180

Dear All,

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Explanations on the chart.

>>> JP Associates <<<

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More fall likely in JP Associates below the Support Line. Cheers!!!

6170 & 6223 to Decide

Dear All,

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Explanations on Chart. Cheers!!!

Broken Support - Sell on Rise

Dear All,

>>> NIFTY - DAILY <<<

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Yes its almost a Bear Caution - as RSI broken the Trend line and Nifty broken 6175 and 6150.

>>> NIFTY - HOURLY <<<

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Nifty Hourly Chart - 6130 & 6050 may hit soon. Lets See.

>>> BANK NIFTY - DAILY <<<

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Bank Nifty RSI broken and a clear signal from Bear. Caution Advised.

>>> BANK NIFTY - HOURLY <<<

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Hope no explanation needed for the above chart

6178 Still Holding

Dear All,

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5178 still holding... No change so far...Lets wait and see...

>>> JSW ENERGY <<<

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Yes We are long in JSW Energy..Cross above 53.70 - will give a fresh upmove.

Weekly Review :- 06.01.2014

Dear All,

>>> NIFTY - DAILY <<<

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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 <<<

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I hope no explanation required on the above chart. Send message clearly that 6178 is a good support for nifty on friday.

>>> BANK NIFTY <<<

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Explanation on chart..

>>> HIT CALLS OF THE WEEK <<<

>>> CESC <<<

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>>> BHEL <<<

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>>> MISSED CALL OF THE WEEK <<<

>>> BANK INDIA <<<

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>>>> GODREJIND <<<

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>>> COAL INDIA <<<

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>>> PERFORMANCE FOR THE MONTH ENDED DEC 2013 <<<

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>>> New Year Special Offer - 2014 <<<

ONLY 1 DAYS LEFT

Support 6216 & 6178

Dear All,

>>>NIFTY<<<

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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 <<<

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Yes we shorted at 465 and fell down sharply till 445 and hit first target with a Profit of Rs.20,000/-

>>> Godrej Ind <<<

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Godrej Ind hit our sl with a loss of Rs.6000.

>>> BHEL <<<

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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 <<<

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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

6290 Interim Support

Dear All,

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6290 or channel support to help bulls for upmove.

>>> Bank Nifty <<<

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>>> New Year Special Offer - 2014 <<<

>>> Click the below Link and check the new year Special Offer. <<<

ONLY 4 DAYS LEFT
New Year Special Offer

Choppy Trade Ends 2013 at 6304

Dear All,

Wish you All a Very Happy New Year - 2014

Happy to announce the New Year Special Scheme - 2014.

>>> NIFTY <<<

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Volatile market made Nifty to trade below the resistance and outside the channel. Need to wait for more clarity.

>>> Bank of India <<<

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Hit Stop Loss with a loss of Rs.8000/-

>>> Zeel <<<

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Yes we are short in Zeel. If Support 275.70 breaks then free fall not ruled out. Lets See.... Cheers!!!

6321 Resisted again

Dear All,

Wish you all a Very Happy New Year 2014.

>>> NIFTY <<<

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Unable to cross 6321 again and need to break 6263 for more weakness. Lets wait and see.