Above 8794 - Fresh Short Covering & More Rally.

Dear All,

Rating agency Moody’s Investors Service on Thursday gave a much-needed booster to the Narendra Modi government ahead of the prime minister’s visit to France, Germany and Canada by revising India’s sovereign credit rating outlook to positive from stable.

However, the agency reiterated India’s sovereign credit rating at the lowest investment grade of Baa3, pointing out its weaker performance relative to peers on fiscal, inflation and infrastructure-related metrics.

The decision to upgrade the country’s rating outlook was taken at a meeting of the rating committee of Moody’s on 7 April. “The main points raised during the discussion were: The issuer’s economic fundamentals, including its economic strength, have materially increased. The issuer’s institutional strength/framework has materially increased. The issuer’s fiscal or financial strength, including its debt profile, has not materially changed,” the rating agency said in a statement.

India’s chances of a sovereign rating upgrade over the next 12-18 months is greater as investments are expected to revive, growth to improve and inflation to stay modest, Moody’s sovereign rating analyst Atsi Sheth said on Thursday.


>>> Nifty Daily - Posted on 28th March, 2015 <<<

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

Above chart posted on 28th March, 2015. We have advised our Clients to go Long from 8450. See what happened today.

>>> Nifty Daily - Happened <<<

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

So the entire scenario may change if nifty able to cross above 8794 as shown on chart. Fresh Short Covering and Rally possible. So why and how, Lets see in detail on 5 min chart - which can be an alternative with Bulls side.

>>> Nifty - 5 Mins Chart <<<

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

Above 5 mins chart marked as an alternative for an upward bias. It looks like the upmove is an extension waves with lot of volatile. Hence if this chart is not wrong, expect more rally to come in.

>>> Bank Nifty - Posted on 30th March, 2015 <<<

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

If you are a regular reader, You might not have forgotten the above chart posted on 30th March, 2015 - Weekly Review.

>>> Bank Nifty Daily - Happened <<<

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

Trust Us. We are Long since 18000. Today Bank Nifty Spot Crossed an important Resistance 18800. Next Resistance @ 19130. RSI on a clear Break Out. So Expect More Rally.

>>> TATASTEEL <<<

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

We are long in Tata STeel from 434. Both Price and RSI on a Excellent Break out, Buy on Every Dips for a Good and Fast Rally. Cheers!!!

Resistance @ 8730-35. Support @ 8620 - 8550 & 8500

Dear All,

>>> Nifty Hourly Chart <<<

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

Key Resistance 8730-35 - If not crossed, may see correction towards 8620,8550 and 8500. Cross above 8735 may test 8794.

>>> ITC - Posted on 29th March, Weekly Review <<<

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

Posted the above chart and wrote to Buy at 316. See what happened.

>>> ITC - Happened <<<

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

Its a 30 Points Rally in Just 6 Trading Days and Yes - We booked Rs.30,000 Profit today.

>>> ALBK <<<

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

We are long in ALBK and Expecting a Rally from here. Cheers!!!

Support @ 8594 & Resistance @ 8694 & 8794

Dear All,

>>> Nifty Hourly Chart <<<

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

RBI gave a negative result with no change in Interest Rate. Market turned bearish after the RBI decicion and recovered towards Positive zone on the later part of the Day. 8594 gave a good support and still 8694 resisting the bulls. Cross above 8694 may move to the next level 8794.

>>> Hindalco - As Posted Yesterday <<<

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

Wrote Yesterday that - We are long on Hindalco - See what happened today ???

>>> Hindalco - Happened & Yet to <<<

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

We made a Part Booking for 10K today. Still look for a good rally.

>>> ARVIND <<<

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

If the Channel Resists the Upmove as shown on chart, Expect a Free Fall. Cheers!!!

RBI to decide Next Resistance 8694 & 8794

Dear All,

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

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

Above chart published on Weekly Review. See what happened.

>>> Nifty Hourly - Happened <<<

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

Clear Cross over on Moving Averages and Clear Break out on RSI. Now Expect more rally.


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

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

As posted on Weekly Review - See what happened??.


>>> ITC - Happened <<<

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

We are long since 316 and price made a high of 341. Part profit of Rs.20,000/-. Expecting 346 - our first Target.

>>> HINDALCO <<<

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

We are long in Hindalco. Lets See. Cheers!!!

Weekly Review 06.04.2015

Dear All,

Data's Pending for Next Week :-

The data on Services PMI is due on Monday, while investors will closely watch the Reserve Bank of India's monetary policy review on April 7.

Further, February IIP data will be released on 10 April. On global front, FOMC minutes and US jobless claims will be in focus.

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

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

It was a clear message on last weekly review - as the trend line should give support for the bulls.

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

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

We are long in Nifty since 8450. Almost 8600 or First Resistance 8594 done. Holding for next two resistance 8694 and 8794.

>>> Nifty Hourly Chart <<<

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

Clearly Explained how 100 Hour Moving Average plays an important roll so far. Hence a cross above this may result in a healthy rally.

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

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

Its a Pipe formation candle formation, posted on last weekly review. See what happened next ???

>>> Bank Nifty Daily - Happened <<<

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

We are long since 18000. Almost 600 Pts Profit and expecting a more rally next week also.

>>> Bank Nifty Hourly Chart <<<

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

Watch out for the 100 HMA and Key resistance @ 18800 and 19130 on the upper side.

>>> ITC - Hourly Chart <<<

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

Break out on Hourly Chart. More rally likely. Cheers!!!

>>> Performance for the month end of March, 2015 <<<

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

Send Your email to niftyforall@yahoo.com for details of our service.

Support @ 8443,8410,8376 & 8330. Remain Long.

Dear All,

The annual infrastructure output growth slowed to 1.4% in February, mainly dragged down by a contraction in the production of steel, fertilisers and refinery products, government data showed on Tuesday.

The output had expanded 1.8% year-on-year in January and in February 2014 it was 6.1%.

The cumulative growth of core sectors during April-February stood at 3.8%.

Natural gas, steel and crude production declined to 8.1%, 4.4% and 1.9 percent respectively, according to data release by the ministry of commerce and industry.

In cumulative terms it was natural gas that witnessed maximum fall in April-February at 5.5% followed by crude oil at 1.1%.

Only coal, cement and electricity increased during the month by 11.6%, 2.7% and 5.2% respectively.

The infrastructure sector, which comprises coal, crude oil, oil refining, natural gas, steel, cement, electricity and fertilisers, accounts for 37.9 percent of India's industrial output.

>>> Nifty Hourly Chart <<<

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

Price holding above the trend line. Immediate Supports must be 8443,8410,8376 and 8330. 50 and 100 HMA should be the key resistance along with 8594,8694 and 8794.

>>> Bank Nifty Hourly Chart <<<

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

Immediate Support as given on above chart, if holds then upmove to continue. Just remain Long till then.Cheers!!!

8470 Crossed. Next Resistance @ 8594 & 8694.

Dear All,

Markets took a U- turn today, on the back of strong buying in the frontline stocks. Short sellers were forced to cover their shorts helped the markets to a certain extent. Global markets were also in the green helped the sentiments to improve.

Credit rating agency Moody’s said in its latest Credit Outlook report released on Monday that the government’s latest plan to revive the stranded gas-based power generation capacity through imports will help save $16 billion worth of investments and banks including IDBI, State Bank of India (SBI) and ICICI are set to be the biggest beneficiaries of the plan.

"China' stocks surged to yet another year-to-date high on the back of market expectations that the PBoC might provide even more monetary policy stimulus with Governor Xiaochuan saying that 'China can have room to act'," said Rabobank strategist Piotr Matys.

Markets across eastern Europe joined the rally, with Polish and Hungarian indices adding around 1 percent, while in Russia both rouble- and dollar-denominated shares rose.

Most technical analysts are not reading too much into today's up move and sees it as more of a technical pull back rally, and till the time 8500-8520 levels on Nifty is not crossed comfortably, there is always a possibility of markets falling towards support levels.

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

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

As Per our Hourly chart given above on weekly Review - Key Resistance 8470, 8594 and 8694. See what happened today ??

>>> Nifty Hourly - Happened <<<

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

Crossed First Resistance 8470. So next Move towards 8594 and 8694.

>>> Bank Nifty Hourly Chart - As Posted on Weekly Review <<<

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

It was a clear message on weekly review that Bank Nifty on a break out mode for a good bounce. See what happened.

>>> Bank Nifty Hourly Chart - Happened <<<

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

As expected Bank Nifty too bounced strongly, So Just wait for next two targets as given on chart.

>>> ITC Hourly Chart <<<

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

Part Profit of Rs. 10,000/- so far, More rally possible. Cheers!!!

Weekly Review - 30.03.2015

Dear All,

It was yet another week of losses as both the benchmarks Sensex and Nifty plunged 2.7-2.8 percent from last week’s closing levels.

Just as market was reconciling to the prospect of a rate hike in the US, air strikes on Yemeni rebels caused crude prices to surge. Investors are worried that continuing strife in the Middle East could push crude oil prices up further.

The coming week is a holiday-shortened one as the market will remain closed on Thursday, 2 April 2015, on account of Mahavir Jayanti and on Friday, 3 April 2015, on account of Good Friday.

Technically, intermediate trend of the Nifty Future in short term is down. However it is expected to see some retracement of the current fall, say experts.

Here are top events which is likely to impact the markets in the coming week:

HSBC India Manufacturing Purchasing Managers' Index (PMI) for March 2015 is due on Thursday, 2 April 2015. Prior to that, the government will unveil Eight Core Infrastructure Industries data for February 2015 on Tuesday, 31 March 2015. And, they'll also unveil fiscal deficit data for February 2015 on the same day, i.e. 31 March 2015.

Lets move on to TA.

>>> Nifty Daily Chart <<<

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

Exactly the Last hope for bulls at 8270. Break below 8270 may see 7826.

>>> Nifty Hourly Chart <<<

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

As per explanations given on chart.

>>> Bank Nifty Daily Chart <<<

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

Pipe formation near the channel shows Bounce ahead.

>>> Bank Nifty Hourly Chart <<<

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

Minor break out see on RSI and If Price continues to do the same, Expect some bounce from here.

>>> ITC <<<

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

Accumulate.

>>> UNION BANK <<<

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

Accumulate.

>>> Performance till 27th March, 2015 <<<

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

Send your emails for niftyforall@yahoo.com for complete service details.

Are you Still Bullish. Ok, then Buy.

Dear All,

>>> Nifty Daily Chart <<<

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

So whats happening on Market. Why Nifty fell down so drastically today on Expiry Day. Every one had a big question. So here is the answer for all your doubts and queries.
Above is a daily chart of Nifty. Wave C took nifty to a new high of 9119 on 04th March, 2015. Today Nifty made a low of 8326, almost a 793 Points fall in less than a month. Nifty cooled of heavily and touches the Trend line support today.

>>> Nifty Hourly Chart <<<

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

So the above hourly chart tell us how Wave (X) was defined. Made a Low of 8326 and filled the gap as shown above. Let's see more details on 5 mins chart.


>>> Nifty 5 Mins Chart <<<

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

5-3-5 was well explained on the above 5 mins chart. 5th wave on both (w) and (y) had a length of nearly 290 points. So overall figure tell us the Bulls are still healthy and alive. Lets wait and see.

>>> Bank Nifty Hourly Chart <<<

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

Nothing more to say about the above chart. Its an A-B-C and C wave made a 100% fall of Wave A. So what else left to say in this chart. Only 1 word left to say. BUY. Cheers!!!

Get Ready to Buy on Expiry Day ??? Will You !!!

Dear All,

>>> Nifty - 5 Mins Chart <<<

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

Almost nearing for a Buy. Cheers!!!

Resistance 8620 & 8645

Dear All,

>>> Nifty Hourly Chart <<<

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

Key Resistance 8620 and 8645. As per above chart, Price on the last leg of fall. Hence 8620 or 8645 resisted the movement, may trigger a fall towards 8450.

>>> Bank Nifty - As Posted Yesterday <<<

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

Yesterday - Wrote clearly 18430 as a support. See what happened today.

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

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

Below 18430, May test 17860 as shown on above chart. Cheers!!!