NiftyforAll

Tuesday, December 23, 2014

Gold - Sell Activated below 26620

Dear All,

Our Sell call on Gold Activated below 26620. If you have missed our Previous Post - Here we give it again to understand the Call Once again.

>>> Gold - As Posted on 16th Dec, 2014 <<<

On 16th Dec, Wrote clearly with chart to Sell gold on rise from 27200 with a Stop Loss @ 27800 for the Upcoming fall. See what Happened.

>>> Gold - As Posted on 19th Dec, 2014 <<<

On 19th Morning We updated to Add more sell Only below 26620 - If breaks more call on card.

>>> Gold - Broken 26620 - Whats Next <<<

Yes Broken 26620 as wrote earlier. We have advised for a fall since 27200 onwards. Now You can add sell below 26620. Those who are holding short can Modify to Cost and Hold short. Cheers!!!

Resisted near 8372. What's Next ???

Dear All,

>>> Nifty - As Posted Yesterday <<<

As mentioned yesterday 8372 was a good resistance and RSI need to give a break out for a good upmove. See what happened.

>>> NIFTY - Happened & Yet to <<<

Resisted near 8372, made a high of 8364. RSI - failed to cross above the trend line as shown on chart. Today 8270 and 8210 - mentioned as a good support. Now closed below 8270 means - may test 8210 possibly.

>>> BHARTIARTL - As Posted on 18th Dec, 2014 <<<

Bharti - We are long since 342. See what happened today.

>>> BHARTIARTL - Happened & Yet to <<<

Price made a high of 356.50 today and we made a part Booking of Rs.5000. As per above chart - Price and RSI are moving bullish. More upside on card. We are waiting for our Target. Cheers!!!

Monday, December 22, 2014

Next Resistance @ 8372

Dear All,

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

As wrote on weekly review - Nifty managed to cross above 8294. Let's see what't next ??

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

We had a long since 8060 and booked on final target 8300. Possible upside left till 8372. If managed to cross 8372, then don't remain short. Watch RSI for a clear picture.

>>> NTPC - As given on Weekly Review <<<

As per Weekly - See what happened to our Buy call on NTPC..?

>>> NTPC - Happened <<<

Booked Profit Rs.20,000 @ first Target 140. Cheers!!!

Saturday, December 20, 2014

Weekly Review - 22.12.2014

Dear All,

News of the Week :-

The GST, which was hammered out after series of meetings with the states, is a "win-win" for both Centre and States and will provide for levy of 1 per cent additional tax by states for inter-state transfer of goods for two years.

"GST will ensure seamless transfer of goods and services, absence of Inspector Raj and no tax on tax," Jaitley told reporters soon after tabling the 122nd Constitution Amendment Bill in the Lok Sabha.

What is Goods and Services Tax (GST)?

It is an inclusive value added tax levied on the manufacture, sale and consumption of goods and services at national level. There is no difference between taxable goods and taxable services, and they are imposed at a uniform rate in a supply chain of goods and services until they reach the end consumer. There are various advantages of GST both for the industry and for the end consumer which can be summarized in the following points:

· When introduced, it would abolish multiple taxes on goods and services; hence prices of goods and services could be simplified and justified. This will also result in reduction of effective tax rates to one or two flat rates.

· It is easy to understand, easy to administer and spread uniformity across the country. GST removes distortion in the economy from the cascading effect of tax system. It also would result in reduction of compliance cost and increase of voluntary compliance.

· It improves efficiency in manufacturing and distribution, reduces the cost of production of goods and services, while at the same time increasing demand and production of goods and services.

· Due to its neutral business procedure, organizational structure, business models, geographic location and the product substitutes, GST helps promote economic efficiency and sustainable long term growth.

· GST improves exports capability of a country and gives an edge in overseas market for goods and services produced in India.

· It reduces corruption, harassment and litigation which are some of the burning issues, besides, it also widens the tax base and increment in revenue of State and Central Government. Last but not the least; it reduces the administrative cost of the Government.

A single rate GST will replace central excise, state VAT, entertainment tax, octroi, entry tax, luxury tax and purchase tax on goods and services to ensure seamless transfer and end of "inspector raj" as well as "tax on tax," he said. "It will be single most tax reform after 1947."

While liquor has been completely kept out of the GST, petroleum products like petrol and diesel will be part of the new regime from a date to be decided at a future date by the GST Council, which will have two-third of its members from states. All decisions in the Council will require 75 per cent votes.

Also the states where goods originate can levy 1 per cent additional tax over GST to make up for any revenue loss for the first two years.

As regards the compensation to the states on account of any possible loss of revenue following implementation of the GST, Jaitley said there will be 100 per cent compensation in first three years, 75 per cent in the fourth year and 50 per cent in the fifth year.

The Bill will be considered for passing in the Budget session of Parliament beginning February, the Minister said, adding he did not feel the necessity of the legislation being referred again to a Standing Committee.

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

Wrote last week - 8180 and 15 week MA as support. See what Happened.

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

RSI still looking side ways. A green coloured Hanging man - closed inside the channel and managed to hold 15 & 25 Week MA shows Bulls still breath.

>>> Nifty - Daily Chart <<<

As given on chart - Two alternatives discussed.

>>> Nifty - Hourly Chart <<<

If the current rally is for Wave B, then it may find resistance at 8294 and 8372. Unable to cross above the given resistance may trigger selling once again. Else, if crosses above, then expect a good short covering.

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

Wrote 18818 - as end of 50% retrace or a possible 5th wave top. See what happened.

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

As wrote last week - Bank Nifty started falling, But took support @ 38.2% retrace or on the channel as shown on chart. Looks like one more last leg of upmove is pending. Lets See in detail on Hourly Chart.

>>> Bank Nifty - Hourly Chart - As posted Last Weekly Review <<<

Wrote Last week - Trend line as a support. See what happened.

>>> Bank Nifty - Hourly Chart <<<

Took support Exactly at the trend line - We market it as sub wave (4) or 38.2% retrace. Now if able to cross 18580 or 78.6% retrace - let hope to see a new high.

>>> Charts of the Week <<<

>>>BHARTIARTL<<<

Stock traded on red, even on a bullish friday - due to RIL Buzz to announce their 4G roll out early next year, which may trigger a price war between these two telecom giants. But as per chart - it looks like a Bullish break out on RSI and Price. So lets wait for next move.

>>> NTPC - As posted on 18th Dec, 2014 <<<

Wrote on 18th dec, 2014 to Buy NTPC for a good UPmove. See what happened ?

>>> NTPC - Happened and Yet to <<<

We booked part Profit Rs.10,000. RSI on a fresh break out. Get ready for more rally.

>>> INDIACEM <<<

Hope India Cement on the last leg of a correction as 1-5. As per chart above it looks like 1-5 got completed and if this chart is not wrong - get ready for a rally.

>>> HDIL <<<

Stock on FnO Ban Period. As per above chart - 3-3-3 Correction got completed @ 58.60. If the chart is not wrong - get ready for a good rally soon.

For details - send email to niftyforall@yahoo.com

>>> Gold - As Posted on 16th Dec, 2014 <<<

Said - 27800 as a Resistance - if unable to cross - then Fall. See what happened.

>>> Gold - As Posted on 19th Dec, 2014 <<<

As wrote on 16th Dec, 2014, Price fell down till 26740. Also wrote to sell below 26620. Lets wait for it.

Friday, December 19, 2014

Gold - Update - Sell more below 26620

Dear All,

>>> Gold - As Posted on 16th Dec, 2014 <<<

Wrote on 16th Dec, 2014 to Sell Gold as per chart given above. See what happened.

>>> Gold - Update - Happened and Yet to <<<

As wrote Gold - Started its down move. Now if breaks below 26620, Get ready for more fall. Watch RSI for a bearish trend. Cheers!!!

Thursday, December 18, 2014

Relief Rally Started. Stay with Bulls.

Dear All,

>>> Nifty - As Posted Yesterday <<<

Wrote Yesterday - To watch Price and RSI for a Break out. See what happened today.

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

Price and RSI - Break out. Get Ready for the rally to achieve all the targets as given on chart. We are long in Nifty since Yesterday from 8060 Spot level.

>>> BHARTIARTL <<<

Yes - We are long since 342. As shown on chart - RSI on a break out mode. Lets Wait for the Pull Back rally.

>>> NTPC <<<

If Support holds as shown on chart - get ready for a short covering and fresh buying. We are long from 130. Cheers!!!

Wednesday, December 17, 2014

Buy on Dips. Get Ready for a Relief Rally.

Dear All,

1) Economists are watching closely to whether the Fed changes its pledge to hold rates steady for a “considerable time.” This will be a key signal about whether the Fed is cautious or confident that interest rates will go up in the middle of 2015. Retaining the pledge would signal the U.S. central bank is being more cautious.

2) The retreat in crude oil prices has been the biggest macro development since Fed Chairwoman Janet Yellen’s last press conference in September. In their speeches, top Fed officials have been emphasizing the benefits of lower oil prices for consumer’s wallets and have generally ignored the potential negative impacts, including on financial stability, from possible over-investment in the oil patch.

3) Economists raised their eyebrows after the Fed statement in October said that the likelihood of inflation running “persistently” below the Fed’s 2% annual target had diminished. After all, the strong dollar and the drop in oil prices seem to suggest the opposite. Since the last meeting, core inflation has been stagnant and headline inflation has dropped. Economists at Jefferies expect the Fed to acknowledge that low inflation is more of a risk.

>>> NIFTY - Daily Chart <<<

Nifty breaks 100 dma and also 61.8% golden ratio. So whats next ?. Channel may support nifty as shown on chart. Else may fall towards 78.6% or 7917 as shown on chart.

>>> Nifty - Hourly Chart <<<

Hope the above chart clearly explains how the nifty is moving. Due to a short 3rd wave - we are on a extended 5th wave down move. You can witness a lot of Positive divergence in it. Hence start buying nifty for a good upmove very soon. 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!!!

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.

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!!!

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!!!