Resistance @ 7860 - 50 HMA

Dear All,

>>> Nifty Hourly Chart <<<

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

Prices resisted at 50 Hour Moving Average, Cross above may trigger next rally.

More Rally Coming Soon. Stay Long.

Dear All,

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

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

Wrote on last weekly review - if support 7690 or 7710 holds, expect a bounce back. See what happened today.

>>> Nifty Hourly Chart - Happened <<<

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

As expected, Nifty took support near 7710, made a low of 7714 and started moving up. Tomorrow 7870 and 7940 may act as resistance.

>>> APOLLO TYRE - We are Long <<<

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

We are Long in Apollo Tyre, Expecting a good rally. If the price breaks the small channel on the bottom of the chart, Expect a good short covering and fresh rally soon.

>>> ADANI PORT - We are Long <<<

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

We are Long on Adani Port also. RSI on break out mode, price must follow the same, for a good rally and short covering. Lets wait and See. Cheers!!!

Weekly Review - 16.11.2015

Dear All,

Markets ended lower for the third straight week after foreign funds continued to press sales in equities while slump in commodities prices led to a sell-off in global markets. Further, sluggish September industrial output and rise in October consumer price inflation also dampened investor sentiment.

Industrial output grew at a slower-than-expected pace of 3.6% in September, dampened by a slower expansion in the mining sector. Further, the retail inflation climbed to a four-month high of 5% in October as food prices escalated on supply deficiency in pulses. Consumer price index based inflation stood at 4.41% in September 2015.

Foreign funds remained net sellers after robust US jobs data raised prospects of a rate hike by the US Fed. Foreign institutional investors were net sellers in equities to the tune of Rs 713 crore on Friday, as per NSDL data. During the first two weeks of November FIIs were net sellers in equities worth Rs 2,505 crore.

Meanwhile, global index provider MSCI at its semi-annual index review on Thursday announced the inclusion of Cadila Healthcare, Maruti Suzuki, Ashok Leyland and Tata Motors to its MSCI India index and removed DLF and Oil India. The changes are effective from November 30, 2015.

Surprisingly, defensive sectors such as IT, pharma and FMCG also witnessed selling pressure with pharma stocks losing the most after weak earnings from Sun Pharma and Dr Reddy's said it has received a warning letter from the US Food and Drug Administration (FDA) over quality control issues at three of its manufacturing facilities.

>>> Nifty Daily Chart <<<

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

Above daily chart shows how the Price are mirrored with previous such movements like support and resistance. Hence next week We can expect Price to take support near 7730 or 7723, In such a case, Expect a good relief rally.

>>> Nifty Hourly Chart <<<

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

May be, Nifty trying to form a Head and Shoulder. In such a case, Price may try to get support near 7730,7710 or 7690. If holds these support, Expect a bounce back to form the right shoulder. Hope the above chart and strategy gives you a clear idea of whats next on nifty.

>>> Bank Nifty Hourly Chart <<<

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

Just like Nifty - Bank Nifty also - may move up to form its right shoulder for H&S. Price need to break out of the channel for test the resistance as shown on chart.

>>> Performance till 13th Nov, 2015 <<<

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

For details of our service - Send email to niftyforall@yahoo.com or whatsapp @ 9677924975.

Support @ 7770 - Wish you all a Happy New Year !!!

Dear All,

>>> Nifty Hourly Chart <<<

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

Key Support 7770, if holds, expect a possible rally till the resistance as shown on above chart.

>>> LT - 5 Mins Chart <<<

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

Above chart is a 5 Mins, Last leg of Fall completed as 1-5. We are long in LT. More rally on card if breaks the Trend line - as shown on chart. Wish you all a Happy New Year. Cheers!!!

Relief Rally (Diwali) Rally - till 7988 or 8055

Dear All,

>>> Nifty Hourly Chart <<<

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

Covered our Short with 500 Points Profit. We have initiated short @ 8320 and covered today near 7800.
Now above hourly chart says, recovery on card. RSI on the edge of break out, Price may test 7988 or 8055 as a relief rally or diwali rally.

>>> YESBANK - Posted Last Week <<<

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

Wrote last week - We have shorted Yes Bank. See what happened.

>>> YESBANK - Booked Profit <<<

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

Booked full profit @ 740.

>>> SBIN - Posted on Weekly Review <<<

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

Wrote on Weekly Review - We are long on SBIN, looking for a target of 248. See what happened today.

>>> SBIN - Happened <<<

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

Booked Profit @ 248. Cheers!!!

Weekly Review - 09.11.2015

Dear All,

>>> Week Ahead :- <<<

Ahead of the festival of lights, markets missed out on Diwali dazzle as the uncertainty surrounding two major events Bihar exit poll outcome and Fed comment indicating an interest rate hike marred sentiment.

Bihar Exit Polls - shows Modi's image may be in trouble. Stocks market looks Bihar election as an important trigger, as Modi needs majority to gain from Upper house to pass important bills like GST.

Hence Sunday's results may have an impact on Monday opening.

FED already signalling or promising Rate Hike on december, which may not be an good news for EM's like india.

Results are not Good :-

In the last two weeks, there has been a remarkable divergence in the way the global equity markets have performed and Indian markets. On one hand, the US indices have rallied almost 2-3% while Indian markets have corrected by almost 5%. On the other hand, our markets are nearing their 2015 lows while the US indices are few percentage points away from their lifetime highs. The disappointment in earnings for many key frontline stocks including few private sector banks, muted performance from IT names and lot of earnings miss from midcaps.

The final batch of September quarterly results due next week will be keenly watched by the market participants. Britannia, Sun Pharma, BPCL, HPCL, REC, Hindalco, NMDC, NALCO and Coal India are scheduled to release their Q2 numbers in the coming week.

The government is scheduled to unveil the CPI data for October and the IIP data for September on Thursday, respectively.

More actions left on a Upcoming short week. Lets go to technicals.


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

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

Wrote last weekly review - 50 DMA may support, If not, Fall to continue. See what happened.

>>> Nifty Daily - Happened <<<

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

Broken all supports like, previous low 7995, 50 DMA and trend line. Caution advised.

>>> Nifty Hourly Chart <<<

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

Price made a low of 7927 on friday and maintain above the support, Next week if breaks, then may test 7843.

>>> Bank Nifty Daily Chart <<<

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

Bank Nifty also on 50% Fib Support near 16895, If breaks next support @ 16628.

>>> LICHSGFIN - Profit Booked <<<

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

Profit Booked near First Target as given on chart.

>>> SIEMENS - Profit Booked <<<

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

Profit Booked near First Target @ 1290.

>>> YESBANK - Follow Up - Holding Short <<<

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

Yes Bank - Holding Short, which made a low of 750 on friday.

>>> SBIN - Long <<<

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

Position Open still with SLCTC. Cheers!!!

>>> Performance till 06th Nov, 2015 <<<

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

Send your Enquiries for details of our service to niftyforall@yahoo.com.

Broken Major Support - Caution Advised.

Dear All,

>>> Nifty Daily Chart <<<

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

Broken all support today. 7995, Trend Line and 50 Day Moving Average broken. RSI also broken trend line. Tomorrow support @ 7938 if breaks, then Next Support @ 7844 & 7710. Weekend tomorrow, Exit Polls on Bihar Election - Interesting day ahead.

>>> YESBANK - Hourly Chart <<<

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

Yes Bank - Have Shorted @ 780. Expecting more fall as shown on chart. Cheers!!!

Support If holds 8030 - Expect a Bounce Again.

Dear All,

>>> Nifty 5 Mins Chart <<<

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

Tested 8030 at the end of the day. As shown on above chart - I hope its an a-b-c and wave c retraced almost 127.2% of Wave a. Hence tomorrow Support 8030 or 8020 if holds, expect another recover, which may find its resistance till 8130 and 8165.

8030 If holds - More Rally on Card.

Dear All,

>>> Nifty 5 Mins Chart <<<

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

8030 Support if holds - Expect more rally to come in. Next Resistance @ 8130 or 8166.Cheers!!!

Are You Ready for a Relief Rally ???

Dear All,

>>> Nifty 5 Mins Chart <<<

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

Above chart is a 5 mins, since the fall is in extension. As per, Price took support @ 7995 and bounced back. If able to cross above the channel as shown on chart, expect some relief rally on card.

>>> LICHSGFIN - Profit Booked <<<

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

LICHSGFIN - Was a followup stock for last one month and we booked a handsome profit today @ 470.

>>> SIEMENS - Profit Booked <<<

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

SIEMENS - Follow up stock for a longer time, Booked Profit today @ 1290. Cheers!!!

Weekly Review - 02.11.2015

Dear All,

Elections in Bihar :-

Bihar election on lime light. A win on Bihar - looks more important for MODI - to pass important bills like GST. Even a Negative Exit Poll Results may trigger some sort of Selling - in a already nervous mounted market.

Results are not encouraging :-

Markets were likely disappointed by the results of a few banks / capital goods / other companies, which failed to meet expectations.
Among Q2 corporate earnings, SBI, Tata Steel, Cipla, BHEL, Tata Motors, ONGC, DLF, Indian Oil Corporation, Ashok Leyland, Bank of Baroda will announce the results in the coming week.

Automobile companies will be in focus as companies will start announcing monthly sales volume data for the month of October.

MAT on FPI's :-

FPI's are still waiting for the clarity on MAT. In the past ten days, about half a dozen FPIs have received letters from income-tax assessing officers asking them to clarify on whether they have a PE in India.

The recent notices have been received by FPIs who were among those that had approached the Dispute Resolution Panel, an alternative resolution mechanism, on the MAT issue. The offshore portfolio investors who were under the impression that the Shah panel report would end the MAT controversy, are now trying to figure out whether these notices from the assessing officers could prolong the dispute.

Since the CBDT press release said that FPIs would be exempt from MAT only if they don't have PE in India, the DRP would want to examine whether the FPIs have a PE in India. It would be interesting to see how tax authorities analyse the existence of PE in India since FPIs generally operate from abroad and have agreements with independent third parties in India such as brokers and custodians.

Global Data's Ahead :-

The Nikkei India Manufacturing Purchasing Managers' Index (PMI) data for the month of October 2015 is due on Monday.

On the global front, China's Caixin Manufacturing PMI, US Nonfarm Payrolls report, US Unemployment Rate report will be unveiled next week.

Lets go to Technical's..

>>> Nifty Weekly Chart <<<

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

Almost a 290 Points fall in a week time. Price closed below 50,25 & 15 WMA, may test 100 WMA on the downside or even the channel bottom.

>>> Nifty Daily Chart <<<

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

We created short on nifty from 8320. 50 DMA may support Price, if fails, price may continue to fall.

>>> Nifty Hourly Chart <<<

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

8055 tested. As I have warned many times on whatsapp, if breaks below next week, expect fall to continue.

>>> Bank Nifty Daily <<<

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

Resisted @ 18030. Friday price managed to hold 50 DMA and Support 17175. If managed to hold, expect some recovery, Else fall to continue.

>>> Bank Nifty Hourly <<<

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

Getting support from 17175 or channel, if holds expect recovery to test 50 hma before next fall.

>>> LICHSGFIN - Follow Up <<<

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

LICHSGFIN - is a follow up again. We rolled over - our Short position. As per above chart, if the support line breaks, fall to continue.

>>> YESBANK - Profit Booked <<<

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

Booked Profit Rs.13500/-

>>> M&M - Profit Booked <<<

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

Profit Booked Rs.12500/-

>>> SIEMENS - Follow Up <<<

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

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

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

Many calls are hidden, since its rolled over to next month. Since next month lot size are changing, we have shown loss in oct month as per existing lot size. New or monthly clients subscription period has been extended as per. For details of calls and our service, email us to niftyforall@yahoo.com

Support @ 8090 & 8055

Dear All,

>>> Nifty Hourly Chart <<<

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

We are short from 8320. Almost 200 Points profit. Next Support @ 8090 and 8055.

>>> M&M - Posted on 19th Oct, Weekly Review <<<

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

It was a long follow up and had a lot of patience to hold M&M short. See what happened.

>>> M&M - Happened <<<

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

Covered short at 1220 with a profit of Rs.12500/- Cheers!!!

Expiry Day >>> Watch 8190 & 8090.

Dear All,

>>> Nifty Hourly Chart <<<

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

Expiry day tomorrow. 8190 and 8090 to be watched. We are holding short from 8320. Recovery is a selling opportunity.

>>> YES BANK - Posted on 26th Oct, 2015 <<<

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

We have updated about Yes Bank for a Possible fall on 26th Oct, 2015. See what happened.

>>> YESBANK - Happened <<<

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

Profit Booked on first Target with Rs.13500/- Cheers!!!