Weekly Review - 22.09.2014

Dear All,

>>> Nifty - Daily Chart <<<

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

Above chart simply explains the possibilities of testing the lower end of the channel. So lets see what are the other possibilities on the hourly chart.

>>> Nifty - Hourly Chart <<<

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

Friday Nifty resisted at 8160, if unable to cross then high possibilities of drifting on the downside. Interim Supports like 8108, 8076, 8050 and 8024 - if breaks then danger ahead. Price may test 7935 and 7860.

>>> Bank Nifty - Hourly Chart <<<

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

Hope the above chart is very clear and readable. As per chart 16200 looks like a firm resistance. Bulls must cross over to avoid bear attack. Else possibilities of testing 15700 very high. Caution advised for aggressive longs.

>>> Last Week's Stock Performance <<<

>>> Andhra Bank <<<

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

>>> Biocon <<<

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

>>> Tata Steel <<<

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

>>> Rcom <<<

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

>>> Unitech <<<

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

>>> Hindustan Petroleum <<<

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

>>> Performance <<<

>>> Click the image to view on full screen <<<

Email us on niftyforall@yahoo.com for details.

Next Resistance @ 8125 & 8180

Dear All,

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

After clarity from FED that record low interest will stay for some more days, Nifty surged today 140 Points. So now its time to look into next resistance. 8125 and 8180 if crossed then no worries for bull. Else we may see correction.

>>> Tata Steel - As Posted Yesterday <<<

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

Yesterday we have posted this chart and advised to buy. See what happened today.

>>> Tata Steel - Happened and Yet to <<<

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

Stock rallied almost 20 Points from 490 to 510 and our Profit stood at Rs.20,000. More Rally if break above the given channel.

>>> Rcom - As Posted Yesterday <<<

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

Said Yesterday - Rcom to turn around from here onwards. See what happened.

>>> Rcom - Happened and Yet to <<<

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

From 100 to 105 with a Profit so far Rs.10,000. More Action Left. Keep Buying on every dips.

>>> UNITECH <<<

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

We Booked a Bumper Profit of Rs.42500 today. Unitech Rallied almost 14% near 26.50. Chart shows a clear break out. More rally possible. Keep Buying and enjoy. Cheers!!!

Resistance @ 8010 & 8030

Dear All,

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

Key Resistance 8010 and 8030 - If unable to cross then fall to resume once again till 7860. Fed to announce its decision today. Hold your breath and get ready for a roller coaster.

>>> BIOCON <<<

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

We booked Profit Yesterday @ 480 with Rs.7500. Today Stock hit our Target of 470. Watch the channel, if breaks again, then free fall to start.

>>> Tata Steel - As Posted Yesterday <<<

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

Wrote Yesterday to Buy Tata Steel - See what happened today !!!

>>> Tata Steel - Happened and Yet to <<<

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

Yes We booked Part Profit of Rs.10,000 today. So Keep Buying - Fresh Buying and Short covering to come in.

>>> Rcom <<<

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

Yes we have Booked 5000 Part Profit. Just buy buy and buy again. Nothing Else. Cheers!!!

Support @ 7905 & 7860

Dear All,

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

Today's fall was a bit fast and hurting too. The ByPoll Results are not in favour of BJP in UP and Rajastan and Two days FED Meet are the reasons sited for the today's Fall. Our Long also hit Stop Loss at 7950.

Now Lets review what's next. Price closed below 38.2% of Fib Level. Channel support 7905 as shown on chart, if breaks then 7860 should be the next support.

>>> Bank Nifty <<<

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

Bank Nifty Support @ 15830 and 15615.

>>> Tata Steel <<<

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

Tata Steel is a Buy. Lets See. Cheers!!!

Support @ 8020 & 7980

Dear All,

>>> Nifty - As Posted on Weekly Review <<<

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

Wrote clearly on the weekly review about the downside support @ 8050 & 8020. See what happened.

>>> Nifty - Happened and Yet to <<<

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

Broken 8050 and trading near 8020 Support. Next support at 7980. Lets see what happen.

>>> Andhra Bank - As Updated on 11th Sep, 2014 <<<

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

If you are a regular reader - You know what we are in Andhra Bank - Have advised to stay long in andhra bank for more than a week. On 11th Sep told that if the channel shown on chart breaks then unstoppable movement. See what Happened.

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

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

Clear break out and hit first Resistance @ 80 and may test next resistance @ 82.70. Lets See.

>>> Syndicate Bank - As Updated on 11th Sep, 2014 <<<

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

We are long from 115. Wrote to Buy the stocks many times. See what Happened.

>>> Syndicate Bank - Happened <<<

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

Believe it or not, Its True. If you are a regular reader - you must have watched the Syndicate Bank regular updates. Today we have booked maximum profit of Rs.60,000 on syndicate bank. Cheers!!!

Weekly Review - 15.09.2014

Dear All,

Sorry for the delay in updating our Weekly Review - My System Crashed and took time to recover it.

>>> Nifty - Monthly Chart <<<

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

Monthly Chart RSI is on Lime Light now. Looks like breaking out. So bulls may celebrate once again with cheers!!!. Lets wait and See.

>>> Nifty Daily Chart - As Posted on Last Weekly Review <<<

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

Wrote last week 8106 is a key resistance to cross above it.

>>> Nifty Daily Chart - Happened and Yet to <<<

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

Last Week though crossed unable to hold above it. Lets watch it this week.

>>> Nifty - Hourly Chart <<<

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

Yes, If unable to cross the given resistance - then nifty may test the support like 8050 and 8020.

>>> Performance - Till 12th of Sep, 2014 <<<

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

Please mail us to niftyforall@yahoo.com for details.

Resistance @ 8118 & 8133. Support @ 8050 & 8020

Dear All,

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

Earlier on the day we booked almost 50 point - that we have taken long @ 8080 Yesterday. Now Nifty broken the small channel as shown on chart above. Hence a pull back till 8118 or 8133 can be used to exit long. Possible downside supports are 8050 and 8020. We suggest to Buy on dips.

>>> Bank Nifty <<<

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

Channel Support on Bank Nifty - is a clear sign of support for Bulls. No Worries.

>>> Andhra Bank - As Posted Yesterday <<<

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

Wrote Yesterday - Andhra Bank is a clear Break out and buy Buy and buy for a Rally. See what happened.

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

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

After Yesterday's break out - today We had an excellent Rally with one more break out. Buy more if the last channel resistance also breaks tomorrow.

>>> IOB - As Posted Yesterday <<<

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

Wrote Yesterday IOB as a Break Out from a Falling Wedge... See what happened today.

>>> IOB - Happened and Yet to <<<

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

Yes we Booked @ first Target with a Profit of Rs.28000.

>>> Syndicate Bank - As Updated on 09th Sep, 2014 <<<

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

Wrote on 09th Sep, 2014 - We are Long on Syndicate Bank - Said that a Fresh Buying and short covering possible if breaks the upper channel - See what happened today.

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

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

Its a Jackpot of Rs.40,000 in a single call. Syndicate Bank rallied from 115 to 125 and gave us Rs.40,000. Chart says every thing. No more words to say.

>>> BHEL <<<

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

Yes We are long in BHEL. Made Rs.5000 on Part Profit also. Now one can Buy Buy and Buy again - Good Rally and Short covering coming. Cheers!!!

Support @ 8080

Dear All,

>>> Nifty - As Updated Yesterday <<<

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

Yesterday wrote clearly that 8090-8080 was a good support from the channel given on chart. See what happened.

>>> Nifty - Happened and Yet to <<<

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

Price dropped towards the channel and if the support holds, expect a bounce back tomorrow. Yes we are long in Nifty now.

>>> Bank Nifty <<<

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

As far as the trend line holds expect a good bounce till the resistance as shown on chart.

>>> Andhra Bank - As posted on weekly Review <<<

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

Wrote on last weekly review to Keep averaging the stocks. See what happened today.

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

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

Break Out on chart. Now lets wait for a fresh rally and short covering.

>>> IOB <<<

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

Clear Break out from the Falling Wedge. We have booked part profit from our long at 63 with a profit of Rs.20,000. One can Buy now for a great rally from here onwards. Cheers!!!