>>> Gold - Chart <<<
>>> Click the chart to see on full screen <<<
As above chart says, if unable to cross 27800, the fall my continue. Just sell on Rise. Cheers!!!
Tuesday, December 16, 2014
Sell Gold from 27200. SL 27800
Dear All,
>>> Gold - Chart <<<
As above chart says, if unable to cross 27800, the fall my continue. Just sell on Rise. Cheers!!!
>>> Gold - Chart <<<
As above chart says, if unable to cross 27800, the fall my continue. Just sell on Rise. Cheers!!!
Nifty on 100 DMA - 8054
Dear All,
>>> What Happened to Indian Stock Market - What's the Impact <<<
Crude oil prices fell over $1 per barrel and below $60 for the first time since July 2009 in early European trading on Tuesday as Chinese factory activity slowed and stumbling emerging market currencies dented demand expectations.
The People's Bank of China has already lowered interest rates in order to boost growth.
In Russia, the central bank hiked its key interest rate by 6.5 percentage points to 17 percent on Tuesday in an attempt to halt a collapse in the rouble.
In India, the Reserve Bank has been intervening in support of the struggling rupee in recent sessions, triggered by a worsening trade deficit, and in Indonesia the rupiah dropped to its lowest value in 16 years against the U.S. dollar amid spiking emerging market volatility
Selling pressure in the Indian market has intensified in the last twelve sessions and the Sensex has corrected by nearly 1,850 points or 6.5 per cent even as crude oil prices have been on a decline.
The Nifty touched 100 DMA on intraday. You can refer the below chart for the same.
>>> FOMC Meet <<<
The Federal Open Market Committee (FOMC) will begin its two-day meet today. This meeting comes in the wake of tumbling crude oil prices. The Fed may recalibrate its stance on when it would start raising rates again. Analysts expect the Fed to dilute its stand to keep interest rates at near zero for a 'considerable time.'
So is it a Time for Worry :-
My answer is NO. No need to Worry at all.
Of course - Indian Rupee falling and hence stock market too crashing - But all due to Global Issues, Nothing serious after Newly Elected Modi - Has changed the view on every ones eye.
Earlier this month, analysts at top global brokerage such as Citigroup & Macquarie have raised their target level for both the Sensex & the Nifty for a period of next 12 months.
Goldman Sachs also joined the bandwagon of other investment banks such as Citigroup and Macquarie which have reiterated their positive outlook for Indian markets. The investment bank sees over 15 per cent upside in the year 2015.
Asoka Woehrmann, CIO, Deutsche Asset & Wealth Management, is very positive on India. "We are overweight by 5 per cent and I do think India is for us,
So far RBI kept the high interest rate - it could ease monetary policy early next year provided inflationary pressures do not reappear and the government controls the fiscal deficit which widened to a one-and-a-half year high of $16.86 billion in November.
"We are looking for a 75 to 100 bps rate cut between January and March next year. One thing though I would caution is that we tend to look at inflation and interest rates going together," says Ananth Narayan, Co-Head of Wholesale Banking, South Asia, Standard Chartered Bank.
Lets move on to charts ...
>>> Nifty - Hourly Chart <<<
Almost 61.8% correction and touched 100 DMA. Break below may test 7917. But we expect some recovery. Lets wait for the world market movement for it.
>>> What Happened to Indian Stock Market - What's the Impact <<<
Crude oil prices fell over $1 per barrel and below $60 for the first time since July 2009 in early European trading on Tuesday as Chinese factory activity slowed and stumbling emerging market currencies dented demand expectations.
The People's Bank of China has already lowered interest rates in order to boost growth.
In Russia, the central bank hiked its key interest rate by 6.5 percentage points to 17 percent on Tuesday in an attempt to halt a collapse in the rouble.
In India, the Reserve Bank has been intervening in support of the struggling rupee in recent sessions, triggered by a worsening trade deficit, and in Indonesia the rupiah dropped to its lowest value in 16 years against the U.S. dollar amid spiking emerging market volatility
Selling pressure in the Indian market has intensified in the last twelve sessions and the Sensex has corrected by nearly 1,850 points or 6.5 per cent even as crude oil prices have been on a decline.
The Nifty touched 100 DMA on intraday. You can refer the below chart for the same.
>>> FOMC Meet <<<
The Federal Open Market Committee (FOMC) will begin its two-day meet today. This meeting comes in the wake of tumbling crude oil prices. The Fed may recalibrate its stance on when it would start raising rates again. Analysts expect the Fed to dilute its stand to keep interest rates at near zero for a 'considerable time.'
So is it a Time for Worry :-
My answer is NO. No need to Worry at all.
Of course - Indian Rupee falling and hence stock market too crashing - But all due to Global Issues, Nothing serious after Newly Elected Modi - Has changed the view on every ones eye.
Earlier this month, analysts at top global brokerage such as Citigroup & Macquarie have raised their target level for both the Sensex & the Nifty for a period of next 12 months.
Goldman Sachs also joined the bandwagon of other investment banks such as Citigroup and Macquarie which have reiterated their positive outlook for Indian markets. The investment bank sees over 15 per cent upside in the year 2015.
Asoka Woehrmann, CIO, Deutsche Asset & Wealth Management, is very positive on India. "We are overweight by 5 per cent and I do think India is for us,
So far RBI kept the high interest rate - it could ease monetary policy early next year provided inflationary pressures do not reappear and the government controls the fiscal deficit which widened to a one-and-a-half year high of $16.86 billion in November.
"We are looking for a 75 to 100 bps rate cut between January and March next year. One thing though I would caution is that we tend to look at inflation and interest rates going together," says Ananth Narayan, Co-Head of Wholesale Banking, South Asia, Standard Chartered Bank.
Lets move on to charts ...
>>> Nifty - Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Almost 61.8% correction and touched 100 DMA. Break below may test 7917. But we expect some recovery. Lets wait for the world market movement for it.
Monday, December 15, 2014
Nifty Support @ 8156 & 8175.
Dear All,
>>> NIFTY <<<
Lets wait and watch for the support and also for a Break out for a decision.
>>> BPCL <<<
Heavy volatile on Market and We hit another Stop Loss on BPCL with a Loss of Rs.6000/- Now above chart - shows the channel and 100 DMA broken. More fall likely. We may re-enter the stock as per market condition. Cheers!!!
>>> NIFTY <<<
>>> Click the chart to see on full screen <<<
Lets wait and watch for the support and also for a Break out for a decision.
>>> BPCL <<<
>>> Click the chart to see on full screen <<<
Heavy volatile on Market and We hit another Stop Loss on BPCL with a Loss of Rs.6000/- Now above chart - shows the channel and 100 DMA broken. More fall likely. We may re-enter the stock as per market condition. Cheers!!!
Saturday, December 13, 2014
Weekly Review - 15.12.2014
Dear All,
Indian indices - worst performing due to global factors.
IIP down and CPI at the lowest on record. INR looks more volatile due to global markets on the back of fall on crude oil prices.
Trade Data for November to be due on next week.
U.S Fed's Two day meeting from Tuesday.
>>> Nifty - Weekly Chart <<<
RSI - looks like a break down. Price yet to give a confirmation on weekly chart.
>>> Nifty - Daily Chart <<<
On Daily Chart - 8175 or 50% retrace may support to bulls. Break below may see a fall upto 8068 or 61.8% retrace.
>>> Nifty - Hourly Chart <<<
Time wise correction towards 23.6% or 50% retrace approaching. RSI on a clear Positive Divergence, If breaks above may trigger a fast short covering. Looks like a buy on dips strategy is nearing. Lets wait for it.
>>> Bank Nifty - Daily Chart <<<
Friday released IIP saw the sharpest contraction in three years of 4.2% in October, though retail inflation dipped to 4.3%, putting pressure on RBI to cut rate to boost growth. Factory output as measured by Index of Industrial Production (IIP) declined due to contraction in manufacturing, capital goods and consumer items.
The market and a handful of economists have been asking for a stimulus in the form of a rate cut ever since consumer price inflation (CPI) started softening earlier this year. Many believe RBI is already too late in acting on lowering the benchmark rates, as they believe by targeting inflation alone, Rajan is ignoring growth.
So Interesting Week ahead for Bank Nifty - As many eyebrows are now raising - will RBI cut Rate or Ignore as usual.
>>> BankNifty - Hourly Chart <<<
17990 - Support. Lets wait and see.
>>> Chart Performance - Next Week <<<
>>> Ashok Leyland <<<
Second time we are making a big profit. Next Support @ 45.
>>> BIOCON <<<
Touched a low of 447 almost near the first target.
>>> ALBK <<<
Albk - If 124 breaks - fall should continue.
>>> ICICI Bank <<<
ICICI bank - Clearly broken the 3 month old trend line - should fall more.
>>> Loss of the Week <<<
I wish to share some of the Stop Loss hit this week - And also lets us see where these stocks are moving next.
>>> Tata Steel <<<
Our Long call on Tata Steel hit SL @ 433 with a loss of Rs.3000. After the break of 433 price continue to slide and it seems like can touch the next support @ 342 or another 60 points from here.
>>> Reliance Infra <<<
Reliance Infra hit for two times and with a Part profit also. Important support 540 taken away on friday - But still the stock with lot of Positive divergence - shows its still a buy on dips. Lets See.
>>> Performance till 12th Dec, 2014 <<<
For details - send email to niftyforall@yahoo.com
>>> COMMODITY - Updates <<<
>>> Gold - As Posted on 09th Dec, 2014 <<<
Wrote on 09th Dec, 2014 Morning to Buy Gold above 26570. See what happened.
>>> Gold - Happened <<<
Hit 27330 after our Buy call. Great Profit made.
>>> Gold - What's Next <<<
If unable to cross and hold above 27410 - Sell on Every Rise for a good fall. Looks like the relief rally is over.
>>> Copper <<<
A Cat on a Wall. Wait for a Break out or a fall. Cheers!!!
Indian indices - worst performing due to global factors.
IIP down and CPI at the lowest on record. INR looks more volatile due to global markets on the back of fall on crude oil prices.
Trade Data for November to be due on next week.
U.S Fed's Two day meeting from Tuesday.
>>> Nifty - Weekly Chart <<<
>>> Click the chart to see on full screen <<<
RSI - looks like a break down. Price yet to give a confirmation on weekly chart.
>>> Nifty - Daily Chart <<<
>>> Click the chart to see on full screen <<<
On Daily Chart - 8175 or 50% retrace may support to bulls. Break below may see a fall upto 8068 or 61.8% retrace.
>>> Nifty - Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Time wise correction towards 23.6% or 50% retrace approaching. RSI on a clear Positive Divergence, If breaks above may trigger a fast short covering. Looks like a buy on dips strategy is nearing. Lets wait for it.
>>> Bank Nifty - Daily Chart <<<
>>> Click the chart to see on full screen <<<
Friday released IIP saw the sharpest contraction in three years of 4.2% in October, though retail inflation dipped to 4.3%, putting pressure on RBI to cut rate to boost growth. Factory output as measured by Index of Industrial Production (IIP) declined due to contraction in manufacturing, capital goods and consumer items.
The market and a handful of economists have been asking for a stimulus in the form of a rate cut ever since consumer price inflation (CPI) started softening earlier this year. Many believe RBI is already too late in acting on lowering the benchmark rates, as they believe by targeting inflation alone, Rajan is ignoring growth.
So Interesting Week ahead for Bank Nifty - As many eyebrows are now raising - will RBI cut Rate or Ignore as usual.
>>> BankNifty - Hourly Chart <<<
>>> Click the chart to see on full screen <<<
17990 - Support. Lets wait and see.
>>> Chart Performance - Next Week <<<
>>> Ashok Leyland <<<
>>> Click the chart to see on full screen <<<
Second time we are making a big profit. Next Support @ 45.
>>> BIOCON <<<
>>> Click the chart to see on full screen <<<
Touched a low of 447 almost near the first target.
>>> ALBK <<<
>>> Click the chart to see on full screen <<<
Albk - If 124 breaks - fall should continue.
>>> ICICI Bank <<<
>>> Click the chart to see on full screen <<<
ICICI bank - Clearly broken the 3 month old trend line - should fall more.
>>> Loss of the Week <<<
I wish to share some of the Stop Loss hit this week - And also lets us see where these stocks are moving next.
>>> Tata Steel <<<
>>> Click the chart to see on full screen <<<
Our Long call on Tata Steel hit SL @ 433 with a loss of Rs.3000. After the break of 433 price continue to slide and it seems like can touch the next support @ 342 or another 60 points from here.
>>> Reliance Infra <<<
>>> Click the chart to see on full screen <<<
Reliance Infra hit for two times and with a Part profit also. Important support 540 taken away on friday - But still the stock with lot of Positive divergence - shows its still a buy on dips. Lets See.
>>> Performance till 12th Dec, 2014 <<<
>>> Click the image to see on full screen <<<
For details - send email to niftyforall@yahoo.com
>>> COMMODITY - Updates <<<
>>> Gold - As Posted on 09th Dec, 2014 <<<
>>> Click the image to see on full screen <<<
Wrote on 09th Dec, 2014 Morning to Buy Gold above 26570. See what happened.
>>> Gold - Happened <<<
>>> Click the image to see on full screen <<<
Hit 27330 after our Buy call. Great Profit made.
>>> Gold - What's Next <<<
>>> Click the image to see on full screen <<<
If unable to cross and hold above 27410 - Sell on Every Rise for a good fall. Looks like the relief rally is over.
>>> Copper <<<
>>> Click the image to see on full screen <<<
A Cat on a Wall. Wait for a Break out or a fall. Cheers!!!
Thursday, December 11, 2014
Support @ 8280
Dear All,
As wrote Yesterday 8325 can't hold and test 8280. Now if 8280 can hold, then expect some relief rally.
>>> CENTURYTEX <<<
If the channel Support holds as shown on chart, Expect a good Recovery. Cheers!!!
>>> Click the chart to see on full screen <<<
As wrote Yesterday 8325 can't hold and test 8280. Now if 8280 can hold, then expect some relief rally.
>>> CENTURYTEX <<<
>>> Click the chart to see on full screen <<<
If the channel Support holds as shown on chart, Expect a good Recovery. Cheers!!!
Wednesday, December 10, 2014
Relief Rally Possible ???
Dear All,
>>> Nifty - As posted Yesterday <<<
Wrote yesterday 8325 as a support. See what happened.
>>> Nifty - Happened and Yet to <<<
Made a low @ 8317 and started moving up. Looks like a relief rally possible as shown on chart.
>>> RelInfra <<<
We are long since 554. Now if breaks above the wedge - Expect Short Covering and Fresh Buying. Cheers!!!
>>> Nifty - As posted Yesterday <<<
>>> click the chart to see on full screen <<<
Wrote yesterday 8325 as a support. See what happened.
>>> Nifty - Happened and Yet to <<<
>>> click the chart to see on full screen <<<
Made a low @ 8317 and started moving up. Looks like a relief rally possible as shown on chart.
>>> RelInfra <<<
>>> click the chart to see on full screen <<<
We are long since 554. Now if breaks above the wedge - Expect Short Covering and Fresh Buying. Cheers!!!
Tuesday, December 09, 2014
Gold - Update - Target Achieved @ 27100. Book Profit
Dear All,
>>> Gold - As given in the Morning Update <<<
>>> Gold - Happened and Yet to <<<
>>> Gold - As given in the Morning Update <<<
>>> Click the chart to see on full screen <<<Morning wrote to Buy gold above 26570 for a Target above 27000+. See what happened now.
>>> Gold - Happened and Yet to <<<
>>> Click the chart to see on full screen <<<Target achieved and now trading above 27150. Almost 500 Point Rally in same day. Enjoy and book Jackpot Profit. Cheers!!!
Broken 8430. Next Support @ 8325 & 8280.
Dear All,
>>> Nifty - As Posted Yesterday <<<
Said Yesterday - 8430 Support - See what happened.
>>> Nifty - Happened and Yet to <<<
Almost a 100 points fall once 8430 breaks. Now 8325 or 8280 Should support Bulls. Lets wait and see.
>>> Ashok Leyland - As Posted on Last Weekly Review <<<
Yes, We are short from 55 level. See what happened today.
>>> Ashok Leyland - Happened <<<
First Target met @ 50 with a Profit of Rs.55000.
>>> BIOCON - As Posted on Last Weekly Review <<<
Wrote - Biocon facing resistance @ 475 and completed wave B for a fall. See what happened today.
>>> BIOCON - Happened <<<
Low made 447.6 almost near the first target.
>>> ALBK - As Posted Yesterday <<<
Wrote yesterday - Both Price and RSI broken and may fall. See what happened.
>>> ALBK - Happened <<<
Made a partial Booking for Rs.10,000. Now the Support as given on chart if Holds, then some bounce possible.
>>> ICICI Bank - As posted on Last Weekly Review <<<
Wrote ICICI Bank should hold the two support line as given on chart.
>>> ICICI Bank - Happened and Yet to <<<
We shorted @ 360 and made a part booking @ 350 or Rs.12500/-. As per above chart - 2 month old trend line broken - looks like the trend turning towards bear. Cheers!!!
>>> Nifty - As Posted Yesterday <<<
>>> Click the chart to see on full screen <<<
Said Yesterday - 8430 Support - See what happened.
>>> Nifty - Happened and Yet to <<<
>>> Click the chart to see on full screen <<<
Almost a 100 points fall once 8430 breaks. Now 8325 or 8280 Should support Bulls. Lets wait and see.
>>> Ashok Leyland - As Posted on Last Weekly Review <<<
>>> Click the chart to see on full screen <<<
Yes, We are short from 55 level. See what happened today.
>>> Ashok Leyland - Happened <<<
>>> Click the chart to see on full screen <<<
First Target met @ 50 with a Profit of Rs.55000.
>>> BIOCON - As Posted on Last Weekly Review <<<
>>> Click the chart to see on full screen <<<
Wrote - Biocon facing resistance @ 475 and completed wave B for a fall. See what happened today.
>>> BIOCON - Happened <<<
>>> Click the chart to see on full screen <<<
Low made 447.6 almost near the first target.
>>> ALBK - As Posted Yesterday <<<
>>> Click the chart to see on full screen <<<
Wrote yesterday - Both Price and RSI broken and may fall. See what happened.
>>> ALBK - Happened <<<
>>> Click the chart to see on full screen <<<
Made a partial Booking for Rs.10,000. Now the Support as given on chart if Holds, then some bounce possible.
>>> ICICI Bank - As posted on Last Weekly Review <<<
>>> Click the chart to see on full screen <<<
Wrote ICICI Bank should hold the two support line as given on chart.
>>> ICICI Bank - Happened and Yet to <<<
>>> Click the chart to see on full screen <<<
We shorted @ 360 and made a part booking @ 350 or Rs.12500/-. As per above chart - 2 month old trend line broken - looks like the trend turning towards bear. Cheers!!!
Gold :- Buy above 26570. Target above 27000+
Dear All,
>>> Click the chart to see on full screen <<<Buying may emerge only above 26570. Possible upmove above 27000. Keep SL below 26290. Lets See.
Monday, December 08, 2014
Support @ 8430
Dear All,
>>> Nifty <<<
Expanding Triangle - Support @ 8430 looks important.
>>> Ashok Leyland - As Updated on Last Weekly Review <<<
Wrote on last weekly review - Ashok Leyland on negative side. We had a sell position from 55 level. See what happened today?
>>> Ashok Leyland - Happened and Yet to <<<
We had a part booking at 53. Price made a low of 51.
>>> ICICI Bank - As posted on Weekly Review <<<
Wrote - ICICI bank should hold the two support. See what happened.
>>> ICICI bank - Happened and Yet to <<<
First Support Broken and Look for second support. If unable to hold - More correction possible.
>>> BIOCON - As Posted on Last Weekly Review <<<
Wrote - Last weekly review - 475 as a strict resistance for wave B. See what happened.
>>> BIOCON - Happened and Yet to <<<
We had a Part booking, holding the rest for the target. Lets See.
>>> ALBK <<<
We are on the sell side on ALBK. As given on chart - Both Price and RSI broken the support. Lets wait and See. Cheers!!!
>>> Nifty <<<
>>> Click the chart to see on full screen <<<
Expanding Triangle - Support @ 8430 looks important.
>>> Ashok Leyland - As Updated on Last Weekly Review <<<
>>> Click the chart to see on full screen <<<
Wrote on last weekly review - Ashok Leyland on negative side. We had a sell position from 55 level. See what happened today?
>>> Ashok Leyland - Happened and Yet to <<<
>>> Click the chart to see on full screen <<<
We had a part booking at 53. Price made a low of 51.
>>> ICICI Bank - As posted on Weekly Review <<<
>>> Click the chart to see on full screen <<<
Wrote - ICICI bank should hold the two support. See what happened.
>>> ICICI bank - Happened and Yet to <<<
>>> Click the chart to see on full screen <<<
First Support Broken and Look for second support. If unable to hold - More correction possible.
>>> BIOCON - As Posted on Last Weekly Review <<<
>>> Click the chart to see on full screen <<<
Wrote - Last weekly review - 475 as a strict resistance for wave B. See what happened.
>>> BIOCON - Happened and Yet to <<<
>>> Click the chart to see on full screen <<<
We had a Part booking, holding the rest for the target. Lets See.
>>> ALBK <<<
>>> Click the chart to see on full screen <<<
We are on the sell side on ALBK. As given on chart - Both Price and RSI broken the support. Lets wait and See. Cheers!!!
Friday, December 05, 2014
Weekly Review - 08.12.2014
Dear All,
>>> Nifty - Monthly Chart - As Posted on Last Weekly Review <<<
Just wanna remind you what we have posted last week about Nifty ?. When all Channels and media's are talking about nifty with a Target of more than 1 Lakh plus after 10 or 15 Years - Praising PM - Modi's Effort will push Nifty to new high - I don't think it wont help for a trader like us - who trade to book profit next week or next month or even an investor who take a call for 1 to 2 Year.
We need to look in to market which will give us a result next day / next week or next month. So lets move ahead with chart and nothing else.
Last Week I wrote - 8617 or near by shall be an interim top, Advised every one to stay caution.
Though nifty had a very choppy week - Made a high of 8627 and made a low of 8505, Moved inside a range of just 120 pts. Looks like Nifty waiting for some thing else.
I am sure that many have confused with Nifty movement and might have incurred loss heavily in this upmoving market than a bear market crash.
Many midcap stocks have started correcting - mean while nifty continue to keep holding on the top, Means some heavy players are on distribution phase, while retailers are still buying. So what will happen once their distribution completes.
So Stay caution - If you are not a short trader - atleast take care of your long.
>>> Nifty - Hourly Chart <<<
Hourly chart - Shows how clearly price trading below the trend line - Final leg was moved as a-e. Clear sign from Bear. Stay caution - next week.
>>> Bank Nifty - Daily Chart <<<
Final Leg retraced exactly 50%. If unable to cross above it next week may trigger a heavy sell off. Cross above it may move towards 61.8% retrace as shown on chart.
>>> Bank Nifty - Hourly Chart <<<
First bear signal - Price and RSI broken down on Hourly chart. Lets see how its going to work on Next Week.
>>> Weekly Stock Charts <<<
>>> ASHOK LEYLAND <<<
Yes we are on short again form 55 level. Earlier we have booked our short @ 50 level and this week shorted again @ 55. Expect some good fall from here onwards.
>>> ICICI BANK - As Posted on 04th Nov, 2014 <<<
04th Nov, Wrote - ICICI bank might have completed its 1-5 wave upmove. Lets see whats next
>>> ICICI BANK - Happened and Yet to <<<
Watch out for the two supports given on chart. If breaks then Fall to continue.
>>> Biocon <<<
Keep Selling on every rise - Free Fall to continue if unable to cross above 475 level.
Send Your Queries to niftyforall@yahoo.com for Details
>>> Nifty - Monthly Chart - As Posted on Last Weekly Review <<<
>>> Click the chart to see on full screen <<<
Just wanna remind you what we have posted last week about Nifty ?. When all Channels and media's are talking about nifty with a Target of more than 1 Lakh plus after 10 or 15 Years - Praising PM - Modi's Effort will push Nifty to new high - I don't think it wont help for a trader like us - who trade to book profit next week or next month or even an investor who take a call for 1 to 2 Year.
We need to look in to market which will give us a result next day / next week or next month. So lets move ahead with chart and nothing else.
Last Week I wrote - 8617 or near by shall be an interim top, Advised every one to stay caution.
Though nifty had a very choppy week - Made a high of 8627 and made a low of 8505, Moved inside a range of just 120 pts. Looks like Nifty waiting for some thing else.
I am sure that many have confused with Nifty movement and might have incurred loss heavily in this upmoving market than a bear market crash.
Many midcap stocks have started correcting - mean while nifty continue to keep holding on the top, Means some heavy players are on distribution phase, while retailers are still buying. So what will happen once their distribution completes.
So Stay caution - If you are not a short trader - atleast take care of your long.
>>> Nifty - Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Hourly chart - Shows how clearly price trading below the trend line - Final leg was moved as a-e. Clear sign from Bear. Stay caution - next week.
>>> Bank Nifty - Daily Chart <<<
>>> Click the chart to see on full screen <<<
Final Leg retraced exactly 50%. If unable to cross above it next week may trigger a heavy sell off. Cross above it may move towards 61.8% retrace as shown on chart.
>>> Bank Nifty - Hourly Chart <<<
>>> Click the chart to see on full screen <<<
First bear signal - Price and RSI broken down on Hourly chart. Lets see how its going to work on Next Week.
>>> Weekly Stock Charts <<<
>>> ASHOK LEYLAND <<<
>>> Click the chart to see on full screen <<<
Yes we are on short again form 55 level. Earlier we have booked our short @ 50 level and this week shorted again @ 55. Expect some good fall from here onwards.
>>> ICICI BANK - As Posted on 04th Nov, 2014 <<<
>>> Click the chart to see on full screen <<<
04th Nov, Wrote - ICICI bank might have completed its 1-5 wave upmove. Lets see whats next
>>> ICICI BANK - Happened and Yet to <<<
>>> Click the chart to see on full screen <<<
Watch out for the two supports given on chart. If breaks then Fall to continue.
>>> Biocon <<<
>>> Click the chart to see on full screen <<<
Keep Selling on every rise - Free Fall to continue if unable to cross above 475 level.
Send Your Queries to niftyforall@yahoo.com for Details
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