Is it a "SELL ON RISE" or "SELL EVERY THING" - What to do !!!

Dear All,

>>> Nifty Daily - As Posted Yesterday <<<

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

Warned Yesterday about the Second Trend line - See what happened.


>>> Nifty Daily - Happened <<<

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We are short in Nifty from 8540-45, Continue to Hold the Short and advised to add more at higher level. Today Price almost reached 8337. More than 200 Point Profit in 2 Weeks of time.
So what's Next - Chart suggest - the Trend has turned as "Sell on RSI". Price if breaks the Neck line - as shown on above chart - Expect More Fall on Card.

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

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

Wrote on Weekly Review - Trend line resistance may turn into a Bear. See what happened.

>>> Bank Nifty Daily - Happened <<<

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Nearly a 1000 Points fall in just 2 days. It looks like - nothing is in favour of Bull now. Chart suggest more fall coming. Lets See.

>>> LICHSGFIN - Posted on Weekly Review <<<

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Wrote - on Weekly REview - We had short on LIC Housing. See what happened.

>>> LICHSGFIN - Happened <<<

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So far we are in a profit or more than Rs.15000/- Expecting more fall.

>>> ASIAN PAINTS - Posted on Weekly Review <<<

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Posted on Weekly Review - Chart facing resistance @ 924 and if unable to cross - may trigger a correction. See what happend.

>>> ASIAN PAINTS - Happened <<<

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Yes - We made Rs.10,000 in just a 3 Day fall.

>>> DISHTV - Posted on Weekly Review <<<

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As usual - Dish TV also posted on Weekly REview - Just See what happened.

>>> DISHTV - Happened <<<

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Good Profit of Rs.20,000 made. Cheers!!!

Next Support @ 8436 & 8386

Dear All,

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

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

Remember what we have updated on Weekly Review - Just see the Resistance line ... See what happened.!!!

>>> Nifty Daily - Happened <<<

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Resistance Line - Helped to bear for a good Sell Off..RSI if breaks - More Sell of with the Second trend line as shown on chart. Caution Again.

>>> Nifty Hourly Chart <<<

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Next Support - from the channel - As shown on chart. If 8436 Holds - possible recovery - Else may test Next Support at 8386 and even below.


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

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Wrote on Weekly REview - Arvind - to fall more. See what happened !

>>> ARVIND - Happened <<<

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Booked Profit Rs.30,000 Today. Cheers!!!

Next Support 8495 - If breaks More Fall Ahead

Dear All,

>>> Nifty Hourly Chart <<<

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

Head and Shoulder Valid Still and see how the Selling comes near the Resistance line as we have warned many days to stay caution. We are still in short.
Now a minor channel formed - as shown on chart - should break for further selling. Break below the neck line may trigger a heavy selling pressure. We have warned many many days - and still advising caution.


>>> Bank Nifty HOurly - Posted on 05th Aug, 2015 <<<

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

On 05th Aug, Posted the above chart, wrote clearly - 19000 and the Channel keeps resisting - See what happened today !!!

>>> Bank Nifty Hourly - Happened <<<

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As expected - Sudden selling happened today - Price still resisted by the trend line as shown on chart. So expect more such selling in coming days also.

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

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Wrote on Weekly Review - LIC Housing may fall any time if breaks the trend line - See what happened today !!

>>> LICHSGFIN - Happened <<<

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Price if continue to hold below the broken trend line as shown on chart - May test the next support line as shown on chart. Cheers!!!

Weekly Review - 10.09.2015

Dear All,

>>> Nifty Daily Chart <<<

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

If the upmove till 8654 as Wave B, then the current trend line as shown on above chart plays an important bear role. Next Week - Nifty may feel more pressure from bears, if the trend line get resisted continuously. The Head and Shoulder pattern formation is still valid and hence every one knows what will be the result. Above 8654 - current Pattern and counts get truncated and upmove to continue.

>>> Bank Nifty Daily Chart <<<

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

Last week RBI Denied Rate Cut. Rising NPA on PSU Banks looks scary. IIP and Inflation data on 12th Aug may be an important trigger. Just like Nifty - Bank Nifty also resisted by a trend line - as shown on above chart.

>>> ARVIND <<<

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

We are short on Arvind from 321 with a good profit. Both Price and RSI confirmed the Down Trend - Looking for more such Fall.

>>> LICHSGFIN <<<

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We are holding our Short on LIC. Key Resistance 524 - Unable to Cross means - expect more correction. Price must break the Trend lines as shown on chart for such weakness.

>>> ASIANPAINTS <<<

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If the above EW count on this script is not wrong, Expect a good correction. Key Resistance @ 924 & 927. We have shorted at 910 and looking for some fall.

>>> DISHTV <<<

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Yes - Again a Bearish counter. Price and RSI confirmed the fall - after breaking their trend line. We are in short also. Expect more correction if the price holds below the trend line. Cheers!!!

Cat on a Wall - Resistance @ 8590 & 8680

Dear All,

>>> Nifty Hourly Chart <<<

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

Price if sustains above 8590 - may rally till 8680. Still the H&S formation intact. Lets wait for confirmation tomorrow - Weekend - Friday may give us a clue. Cheers!!!

Above 8565. But Still On Danger Zone. Caution Advised.

Dear All,

>>> Nifty Hourly Chart <<<

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

Nifty crossed 8565, But still Price unable to hold or move above the channel line as shown on chart - Shows the weakness. RSI - Not moving along with Price - shows the -ve Divergence. Still Nifty on Danger Zone, Caution advised.

>>> Bank Nifty Hourly Chart <<<

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

RSI - made a warning signal - Broken down. Price unable to hold above 19000 and resisted on the channel - As shown on chart. Again Caution advised.

>>> ARVIND - As Posted on 03rd Aug, 2015 <<<

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Posted on 03rd Aug - Wrote - Fall likely. See what happened.

>>> ARVIND - Happened <<<

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RSI - If breaks the Trend line - More fall likely.

>>> LICHSGFIN <<<

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We had short position and LICHSGFIN - More fall likely. Cheers!!!

Support Taken @ 50 HMA - 8449 - Resistance @ 8565

Dear All,

>>> Nifty Hourly Chart <<<

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

Pattern looks like an Head and Shoulder. Price should break on either side like 8565 or 8449 to decide any trend. Lets wait and see.

Key Resistance 8565. RBI to decide the Trend.

Dear All,

>>> Nifty Hourly Chart <<<

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

8565 - Key Resistance - Cross above may trigger some rally, Else correction.

>>> Bank Nifty Hourly Chart <<<

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RBI Decision may trigger heavy volatile. Key Resistance 19000 to decide the trend.

>>> ARVIND <<<

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ARVIND - Looks Bearish - Below 311 - More fall likely. Caution Advised. Cheers!!!

Weekly Review - 03.08.2015

Dear All,

>>> Nifty Daily Chart <<<

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

Wrote last week - about the possible fall - Price made a low of 8320. Bounce back from support 50 DMA. Lets see in detail on Hourly chart - about whats next.

>>> Nifty Hourly Chart <<<

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

8565 - may act as a resistance - Unable to cross may - resume the fall again.

>>> Bank Nifty Daily Chart <<<

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Next Week RBI Policy - Bank Nifty on Lime Light again. Last week 19230 resisted and Price made a good correction. Rajan to decide the move.

>>> Bank Nifty Hourly Chart <<<

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Expanding triangle - as shown on chart - Price may find its resistance at the top of the channel.


>>> GLENMARK - Posted on 20th July, 2015 <<<

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Wrote on 20th July - Glenmark may correct. See what happened.

>>> GLENMARK <<<

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We Booked Rs.33000/- On Glenmark.

>>> SIEMENS - Posted on 20th July, 2015 <<<

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Wrote on 20th July, 2015 - Siemens may fall. See what happened.

>>> SIEMENS - Happened <<<

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As Expected - Price hit all the Three Targets.

>>> DISHTV - Posted on 27th July - Weekly Review <<<

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Wrote on 27th July - Weekly Review - DISHTV may correct - See what happened.

>>> DISHTV - Happened <<<

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Hit Target with a profit of Rs.40,000/-

>>> Performance for the month end as on 31st July, 2015 <<<

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

For details of our Service - Send email to niftyforall@yahoo.com

Relief Rally may continue - Resistance 8476 & 8512

Dear All,

>>> Nifty Hourly - As Posted Yesterday <<<

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

Wrote Yesterday - about the Relief Rally above 8395. See what happened.

>>> Nifty 15 Mins Chart <<<

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As expected - Nifty rallied towards 8458, Hope more such rally till 8476 or 8512 as shown on above chart. Lets See. Cheers!!!

Support 8315 - If Holds - Then Relief Rally Possible

Dear All,

>>> Nifty Hourly Chart <<<

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

8315 - If holds - Price may revive for a Relief Rally. Watch the Resistance Zones as mentioned on chart.

>>> GLENMARK - As Posted on 20th July, 2015 <<<

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

Wrote on 20th July, 2015 - about a possible correction.

>>> GLENMARK - Happened <<<

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Target 955 Done today. Booked a handsome Profit of Rs. 33000.

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

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

Wrote on Weekly Review - Dish Tv may correct. See what happened.

>>> DISHTV - Happened <<<

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

Target 108 Achieved. Booked a Super Profit of Rs.40,000/- Hip Hip Hurray !!!