>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Key resistance 7890. Lets wait and Watch. Cheers!!!
Tuesday, May 10, 2016
Next Resistance @ 7890
Dear All,
>>> Nifty Hourly Chart <<<
Key resistance 7890. Lets wait and Watch. Cheers!!!
>>> Nifty Hourly Chart <<<
Key resistance 7890. Lets wait and Watch. Cheers!!!
Monday, May 09, 2016
Key Resistance @ 7870
Dear All,
>>> Nifty Hourly Chart <<<
Nifty finds its resistance @ 7870 today, Cross above may give further rally. We have booked our Longs @ 7870 with 120 Points Profit.
>>> Bank Nifty Hourly Chart <<<
We Have booked our long on Bank Nifty @ 16700 with 400 Points Profit. Cheers!!!
>>> Nifty Hourly Chart <<<
>>> click the chart to see on full screen <<<
Nifty finds its resistance @ 7870 today, Cross above may give further rally. We have booked our Longs @ 7870 with 120 Points Profit.
>>> Bank Nifty Hourly Chart <<<
>>> click the chart to see on full screen <<<
We Have booked our long on Bank Nifty @ 16700 with 400 Points Profit. Cheers!!!
Saturday, May 07, 2016
Weekly Review - 09.05.2016
Dear All,
> CURRENCY WAR ERUPTS AS G7 NATIONS RACE TO DEVALUE <
This week brought heightened volatility to the currency market as the view that a full-fledged currency war to see who can devalue and weaken its currency the most is well underway gathered pace. Australia’s central bank fired its shot on Tuesday, when it cut its benchmark interest rate to a record-low 1.75%, prompting the Aussie to tumble more than 2% against the U.S. dollar. Meanwhile, the People's Bank of China on Wednesday set the yuan's daily reference rate at 6.4943 to the dollar, weakening the currency by about 0.6% (USD/CNY). The cut by China's central bank was the biggest downward move since it devalued the currency in August and rattled markets worldwide. Elsewhere, the euro rose to an eight-month high earlier this week, despite repeated attempts by European Central Bank officials to talk down the currency. The biggest loser of all so far is Bank of Japan Governor Haruhiko Kuroda, who saw the yen strengthen to an 18-month high against the U.S. dollar this week after the BoJ held off from expanding its monetary stimulus late last month.
>>> Fed rate hike odds for June move even lower after nonfarm payroll miss <<<
The likelihood of the Federal Reserve (Fed) increasing interest rates at its next meeting dropped even further on Friday after the monthly employment report for April missed expectations.
The U.S. economy created only 160,000 nonfarm payrolls in April, missing consensus estimates for 202,000 new job contracts and causing concern over the state of the labor market.
The Fed was closely following the health of jobs stateside as part of its determination to support the U.S. economy.
Odds dropped on the poor jobs report with federal funds futures pricing in the probability of a rate hike at the end of the Fed’s next meeting on June 15 to just 6%, according to CME Group data, compared to 10% before the publication of the nonfarm payrolls and 20% a month ago.
On Wednesday, Minneapolis Fed president Neel Kashkari had indicated that, as long as inflation remained low, the Fed should concentrate on its employment mandate.
The federal fund futures pointed to December as the market’s best guess for the next move in policy tightening with a probability of 52%.
Despite the low probability of a move in June, four Fed officials attempted to convince the market on Thursday that the door was still open to the possibility.
>>> LAST WEEK - HAPPENING <<<
The Nikkei purchasing managers’ index (PMI) survey showed that rate of manufacturing growth decreased to 50.50 in April from the eight-month high of 52.4 in March as rise in new orders lost steam.
Also, growth in India's services firms fell to a four-month low of 53.7 in April from 54.3 in March on the back of new business growing slower than the previous months.
In contrast, the combined output of eight crucial infrastructure sectors jumped to a 16-month high of 6.4 per cent in March due to a double-digit growth in refinery products, fertilizers, cement and electricity.
On the global front, Japanese stocks tumbled as the yen surged to 1-1/2-year high against the dollar while the Chinese shares plunged on deceleration in China's manufacturing activity in April 2016.
>>> WHAT'S NEXT <<<
Trend in global markets, FII stance, the movement of rupee and crude oil price will set the tone for the markets in the coming week.
HUL, Zee Entertainment Enterprises, Kotak Mahindra Bank, Asian Paints, Nestle India, Glenmark Pharma, Cadila Healthcare among others will announce their quarterly results next week.
Meanwhile, government is scheduled to unveil industrial production data for March and the consumer price index (CPI) data for April 2016 on Thursday.
On the global front, the Bank of England (BOE) monetary policy committee members will vote on where to set the rate and Germany's Q1 Gross Domestic Product (GDP) data will be unveiled on Friday, 13 May 2016.
>>> Nifty Daily Chart <<<
RSI getting support from trend line, if holds, price may see a pull back rally soon.
>>> Nifty Hourly Chart <<<
Many alternatives available here on all front. Here is one among it. If this count is not wrong - We may see an C Wave Rally. 7680 is a good support and a break above the wedge may see a good pull back rally from here.
>>> Bank Nifty Hourly Chart <<<
Bank Nifty Hourly - Assumed as A-B-C. If not wrong, Wave C on the way. Key support as mentioned on chart should hold for a rally.
>>> TATAMOTORS - Profit Booked Rs.30,000/- <<<
Tata Motors - Rs.30,000 Profit Booked.
>>> ASHOKLEYLAND - Profit Booked Rs.28000/- <<<
Booked Profit Rs.28000/-
>>> BIOCON - Shorted for a Correction <<<
Shorted Biocon for a good correction. Hope Wave (3) rally ended and may correct from here.
>>> Performance till 06th May, 2016 <<<
For details of our service - send email to niftyforall@yahoo.com or whatsapp @ 9677924975
> CURRENCY WAR ERUPTS AS G7 NATIONS RACE TO DEVALUE <
This week brought heightened volatility to the currency market as the view that a full-fledged currency war to see who can devalue and weaken its currency the most is well underway gathered pace. Australia’s central bank fired its shot on Tuesday, when it cut its benchmark interest rate to a record-low 1.75%, prompting the Aussie to tumble more than 2% against the U.S. dollar. Meanwhile, the People's Bank of China on Wednesday set the yuan's daily reference rate at 6.4943 to the dollar, weakening the currency by about 0.6% (USD/CNY). The cut by China's central bank was the biggest downward move since it devalued the currency in August and rattled markets worldwide. Elsewhere, the euro rose to an eight-month high earlier this week, despite repeated attempts by European Central Bank officials to talk down the currency. The biggest loser of all so far is Bank of Japan Governor Haruhiko Kuroda, who saw the yen strengthen to an 18-month high against the U.S. dollar this week after the BoJ held off from expanding its monetary stimulus late last month.
>>> Fed rate hike odds for June move even lower after nonfarm payroll miss <<<
The likelihood of the Federal Reserve (Fed) increasing interest rates at its next meeting dropped even further on Friday after the monthly employment report for April missed expectations.
The U.S. economy created only 160,000 nonfarm payrolls in April, missing consensus estimates for 202,000 new job contracts and causing concern over the state of the labor market.
The Fed was closely following the health of jobs stateside as part of its determination to support the U.S. economy.
Odds dropped on the poor jobs report with federal funds futures pricing in the probability of a rate hike at the end of the Fed’s next meeting on June 15 to just 6%, according to CME Group data, compared to 10% before the publication of the nonfarm payrolls and 20% a month ago.
On Wednesday, Minneapolis Fed president Neel Kashkari had indicated that, as long as inflation remained low, the Fed should concentrate on its employment mandate.
The federal fund futures pointed to December as the market’s best guess for the next move in policy tightening with a probability of 52%.
Despite the low probability of a move in June, four Fed officials attempted to convince the market on Thursday that the door was still open to the possibility.
>>> LAST WEEK - HAPPENING <<<
The Nikkei purchasing managers’ index (PMI) survey showed that rate of manufacturing growth decreased to 50.50 in April from the eight-month high of 52.4 in March as rise in new orders lost steam.
Also, growth in India's services firms fell to a four-month low of 53.7 in April from 54.3 in March on the back of new business growing slower than the previous months.
In contrast, the combined output of eight crucial infrastructure sectors jumped to a 16-month high of 6.4 per cent in March due to a double-digit growth in refinery products, fertilizers, cement and electricity.
On the global front, Japanese stocks tumbled as the yen surged to 1-1/2-year high against the dollar while the Chinese shares plunged on deceleration in China's manufacturing activity in April 2016.
>>> WHAT'S NEXT <<<
Trend in global markets, FII stance, the movement of rupee and crude oil price will set the tone for the markets in the coming week.
HUL, Zee Entertainment Enterprises, Kotak Mahindra Bank, Asian Paints, Nestle India, Glenmark Pharma, Cadila Healthcare among others will announce their quarterly results next week.
Meanwhile, government is scheduled to unveil industrial production data for March and the consumer price index (CPI) data for April 2016 on Thursday.
On the global front, the Bank of England (BOE) monetary policy committee members will vote on where to set the rate and Germany's Q1 Gross Domestic Product (GDP) data will be unveiled on Friday, 13 May 2016.
>>> Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
RSI getting support from trend line, if holds, price may see a pull back rally soon.
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Many alternatives available here on all front. Here is one among it. If this count is not wrong - We may see an C Wave Rally. 7680 is a good support and a break above the wedge may see a good pull back rally from here.
>>> Bank Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Bank Nifty Hourly - Assumed as A-B-C. If not wrong, Wave C on the way. Key support as mentioned on chart should hold for a rally.
>>> TATAMOTORS - Profit Booked Rs.30,000/- <<<
>>> Click the chart to see on full screen <<<
Tata Motors - Rs.30,000 Profit Booked.
>>> ASHOKLEYLAND - Profit Booked Rs.28000/- <<<
>>> Click the chart to see on full screen <<<
Booked Profit Rs.28000/-
>>> BIOCON - Shorted for a Correction <<<
>>> Click the chart to see on full screen <<<
Shorted Biocon for a good correction. Hope Wave (3) rally ended and may correct from here.
>>> Performance till 06th May, 2016 <<<
>>> click the image to see on full screen <<<
For details of our service - send email to niftyforall@yahoo.com or whatsapp @ 9677924975
Thursday, May 05, 2016
Key Resistance Above 7777
Dear All,
>>> Nifty Hourly Chart <<<
Support @ 7698 & 7680 must hold for a reversal, 7777 Resistance should be crossed to confirm the same.
>>> BIOCON - Hourly Chart <<<
We have entered short near 622 and looking for a good correction. Cheers!!!
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Support @ 7698 & 7680 must hold for a reversal, 7777 Resistance should be crossed to confirm the same.
>>> BIOCON - Hourly Chart <<<
>>> Click the chart to see on full screen <<<
We have entered short near 622 and looking for a good correction. Cheers!!!
Wednesday, May 04, 2016
Support @ 7680
Dear All,
>>> Nifty Hourly Chart <<<
We have advised to book profit on Nifty today. Nearly 280-300 Points Profit.
>>> Bank Nifty Hourly Chart <<<
We have advised to book Profit on Bank Nifty near 16300 with 400 Points profit.
>>> TATAMOTORS - Posted on Last Weekly Review <<<
We advised for a correction on TataMotors - last weekly review. See what happened.
>>> TATAMOTORS - Profit Booked Rs.30,000 <<<
Yes We Booked Rs.30,000/- on Tata Motors.
>>> ASHOKLEYLAND - Posted on Last Weekly Review <<<
Ashok Leyland - Advised on Weekly Review for a good Correction. See what happened.
>>> ASHOKLEYLAND - Booked Profit @ 102.50 - Profit Rs.28000/- <<<
Have Booked near 102.50 with Rs.28000/- Profit. Cheers!!!
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
We have advised to book profit on Nifty today. Nearly 280-300 Points Profit.
>>> Bank Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
We have advised to book Profit on Bank Nifty near 16300 with 400 Points profit.
>>> TATAMOTORS - Posted on Last Weekly Review <<<
>>> Click the chart to see on full screen <<<
We advised for a correction on TataMotors - last weekly review. See what happened.
>>> TATAMOTORS - Profit Booked Rs.30,000 <<<
>>> Click the chart to see on full screen <<<
Yes We Booked Rs.30,000/- on Tata Motors.
>>> ASHOKLEYLAND - Posted on Last Weekly Review <<<
>>> Click the chart to see on full screen <<<
Ashok Leyland - Advised on Weekly Review for a good Correction. See what happened.
>>> ASHOKLEYLAND - Booked Profit @ 102.50 - Profit Rs.28000/- <<<
>>> Click the chart to see on full screen <<<
Have Booked near 102.50 with Rs.28000/- Profit. Cheers!!!
Tuesday, May 03, 2016
Support @ 7740.
Dear All,
>>> Nifty Hourly Chart <<<
Price should get support from 7740 for a bounce back, Else fall to continue as usual. We are short from 7970.
>>> Bank Nifty Hourly Chart <<<
We are short from 16690. Above chart shows a possible h&s break down, if true, fall to continue. Lets wait and see. Cheers!!!.
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Price should get support from 7740 for a bounce back, Else fall to continue as usual. We are short from 7970.
>>> Bank Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
We are short from 16690. Above chart shows a possible h&s break down, if true, fall to continue. Lets wait and see. Cheers!!!.
Monday, May 02, 2016
Support @ 7790 & 7777
Dear All,
>>> Nifty Daily Chart <<<
Most crucial support 7790 & 7777 must confirm the above break down on chart. Lets wait and watch.
>>> Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
Most crucial support 7790 & 7777 must confirm the above break down on chart. Lets wait and watch.
Saturday, April 30, 2016
Weekly Review - 02nd May, 2016
Dear All,
The Bank of Japan on Thursday kept its monetary policy steady keeping the negative interest rate unchanged. Further, the central bank trimmed FY17 GDP growth forecast to 1.2% from 1.5% earlier for 2016-17 which led to a sell-off in global stocks
Meanwhile, the US Federal Reserve at its two-day policy meet which ended Wednesday kept interest rates unchanged but signalled confidence in the US economic outlook, paving the way for a possible rate hike at its next policy meet in June.
Reliance Industries ended down 5.4% on profit taking post its results announcement. The stock had appreciated nearly 10% in the last two months ahead of its fourth quarter earnings. Meanwhile, on account of the huge Rs 1.13 lakh crore capex for the ongoing refinery and petro-chemical expansions and the proposed launch of Jio telecom, its gross debt increased to Rs 1,81,079 crore in the March quarter compared with Rs 1,78,07 crore in the December quarter.
Global events along with the movement in crude oil prices and foreign fund flows will dictate the market trend in the week ahead.
Markit Economics will release the India Manufacturing PMI for April 2016 on May 2 and Nikkei India Services PMI will release the data on May 4.
Stock specific action will be seen post the March quarter earnings with Adani Ports, Eicher Motors and Hero MotoCorp set to announce their results next week.
Auto companies will be in focus as they will release their April sales numbers.
>>> Nifty Weekly Chart<<<
Price unable to hold above 50% retrace or 7972 should be watched carefully. Two consecutive red candle tested 50 wma and closed below it, shows weakness. Caution advised.
>>> Nifty Daily Chart <<<
Bulls must cross above 7970-90 and should hold RSI trend line for a healthy rally. Else Bear may re-enter again.
>>> Nifty Hourly Chart <<<
Price may get support @ 7790,7740 & 7716. Break below these levels may confirm the down trend.
>>> Bank Nifty Hourly Chart <<<
Same like Nifty 50 - Bank Nifty also moving on a ABCDE pattern. Price may find its resistance @ 16840 & 16920 above may see rally and Support @ 16550 & 16570 if breaks - may fall to continue. We have entered short on Nifty Bank and will decide as per next week movement.
>>> RELIANCE - As Posted on Last Weekly Review <<<
Have wrote on last weekly review - a day after better than expected Q4 Results - mentioned clearly that Charts showing weakness and looking for a possible fall. See what happened.
>>> RELIANCE - Booked Rs.16000/- Profit <<<
We made a panic Exit with Profit of Rs.16000/-. But price achieved our target 990 and made a low of 980.
>>> TataMotors - Hourly Chart <<<
Holding with a Profit of Rs.7500/- Looking for more such correction.
>>> ASHOK LEYLAND - Daily Chart <<<
Holding Short on Ashok Leyland also.
>>> KOTAKBANK - Hourly Chart <<<
Shorted Kotak Bank also and expecting a good correction from here. Cheers!!!
>>> Performance for the month end of April, 2016 <<<
For details of our service send email to niftyforall@yahoo.com or whatsapp @ 9677924975.
The Bank of Japan on Thursday kept its monetary policy steady keeping the negative interest rate unchanged. Further, the central bank trimmed FY17 GDP growth forecast to 1.2% from 1.5% earlier for 2016-17 which led to a sell-off in global stocks
Meanwhile, the US Federal Reserve at its two-day policy meet which ended Wednesday kept interest rates unchanged but signalled confidence in the US economic outlook, paving the way for a possible rate hike at its next policy meet in June.
Reliance Industries ended down 5.4% on profit taking post its results announcement. The stock had appreciated nearly 10% in the last two months ahead of its fourth quarter earnings. Meanwhile, on account of the huge Rs 1.13 lakh crore capex for the ongoing refinery and petro-chemical expansions and the proposed launch of Jio telecom, its gross debt increased to Rs 1,81,079 crore in the March quarter compared with Rs 1,78,07 crore in the December quarter.
Global events along with the movement in crude oil prices and foreign fund flows will dictate the market trend in the week ahead.
Markit Economics will release the India Manufacturing PMI for April 2016 on May 2 and Nikkei India Services PMI will release the data on May 4.
Stock specific action will be seen post the March quarter earnings with Adani Ports, Eicher Motors and Hero MotoCorp set to announce their results next week.
Auto companies will be in focus as they will release their April sales numbers.
>>> Nifty Weekly Chart<<<
>>> click the chart to see on full screen <<<
Price unable to hold above 50% retrace or 7972 should be watched carefully. Two consecutive red candle tested 50 wma and closed below it, shows weakness. Caution advised.
>>> Nifty Daily Chart <<<
>>> click the chart to see on full screen <<<
Bulls must cross above 7970-90 and should hold RSI trend line for a healthy rally. Else Bear may re-enter again.
>>> Nifty Hourly Chart <<<
>>> click the chart to see on full screen <<<
Price may get support @ 7790,7740 & 7716. Break below these levels may confirm the down trend.
>>> Bank Nifty Hourly Chart <<<
>>> click the chart to see on full screen <<<
Same like Nifty 50 - Bank Nifty also moving on a ABCDE pattern. Price may find its resistance @ 16840 & 16920 above may see rally and Support @ 16550 & 16570 if breaks - may fall to continue. We have entered short on Nifty Bank and will decide as per next week movement.
>>> RELIANCE - As Posted on Last Weekly Review <<<
>>> click the chart to see on full screen <<<
Have wrote on last weekly review - a day after better than expected Q4 Results - mentioned clearly that Charts showing weakness and looking for a possible fall. See what happened.
>>> RELIANCE - Booked Rs.16000/- Profit <<<
>>> click the chart to see on full screen <<<
We made a panic Exit with Profit of Rs.16000/-. But price achieved our target 990 and made a low of 980.
>>> TataMotors - Hourly Chart <<<
>>> click the chart to see on full screen <<<
Holding with a Profit of Rs.7500/- Looking for more such correction.
>>> ASHOK LEYLAND - Daily Chart <<<
>>> click the chart to see on full screen <<<
Holding Short on Ashok Leyland also.
>>> KOTAKBANK - Hourly Chart <<<
>>> click the chart to see on full screen <<<
Shorted Kotak Bank also and expecting a good correction from here. Cheers!!!
>>> Performance for the month end of April, 2016 <<<
>>> click the chart to see on full screen <<<
For details of our service send email to niftyforall@yahoo.com or whatsapp @ 9677924975.
Thursday, April 28, 2016
Support @ 7822 & 7777
Dear All,
>>> Nifty Hourly Chart <<<
Price broken the first Support @ 7865 today and Next Support 7822 & 7777 if breaks tomorrow, fall may continue in may series also. We are holding our shorts from 7970.
>>> ASHOK LEYLAND <<<
Price resisted on the top of the channel and completed its last leg of 1-5 rally. Now if breaks below 104, more fall likely. We have shorted today and holding for a good correction. Cheers!!!
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Price broken the first Support @ 7865 today and Next Support 7822 & 7777 if breaks tomorrow, fall may continue in may series also. We are holding our shorts from 7970.
>>> ASHOK LEYLAND <<<
>>> Click the chart to see on full screen <<<
Price resisted on the top of the channel and completed its last leg of 1-5 rally. Now if breaks below 104, more fall likely. We have shorted today and holding for a good correction. Cheers!!!
Wednesday, April 27, 2016
More Upmove Pending.
Dear All,
>>> Nifty 5 Mins Chart <<<
Above 5 mins chart looks like 1-5, and hope last leg of 5 the wave rally pending. If this is not wrong, Price may face resistance at 8000 and 8055.
>>> Bank Nifty Hourly Chart <<<
Bank Nifty - may surpass 17000 again to test the channel top. Cheers!!!
>>> Nifty 5 Mins Chart <<<
>>> click the chart to see on full screen <<<
Above 5 mins chart looks like 1-5, and hope last leg of 5 the wave rally pending. If this is not wrong, Price may face resistance at 8000 and 8055.
>>> Bank Nifty Hourly Chart <<<
>>> click the chart to see on full screen <<<
Bank Nifty - may surpass 17000 again to test the channel top. Cheers!!!
Tuesday, April 26, 2016
Support Taken @ 7826. Next Resistance @ 8000 & 8055
Dear All,
>>> Nifty Hourly Chart <<<
Price Spiked after making a low of 7822, almost from our support 7826. Next key resistance @ 8000 & 8055.
>>> Bank Nifty Hourly Chart <<<
Key Resistance @ 17000 or 17100. Cheers!!!
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Price Spiked after making a low of 7822, almost from our support 7826. Next key resistance @ 8000 & 8055.
>>> Bank Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Key Resistance @ 17000 or 17100. Cheers!!!
Monday, April 25, 2016
Support @ 7826
Dear All,
>>> Nifty Hourly Chart <<<
7826 an important support - if breaks may test 7777. We are holding our Shorts for more fall.
>>> RELIANCE - DAILY - As posted on Weekly Review <<<
Wrote on Weekly Review - Price if breaks the channel - Possible correction on monday. See what happened.
>>> RELIANCE - Happened <<<
In spite of good results on Q4, Price today broken the channel support with Big Volume as shown on above chart. We have short position from 1048 and Holding still. Its seems like price may continue to fall. Lets Wait and See. Cheers!!!
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
7826 an important support - if breaks may test 7777. We are holding our Shorts for more fall.
>>> RELIANCE - DAILY - As posted on Weekly Review <<<
>>> Click the chart to see on full screen <<<
Wrote on Weekly Review - Price if breaks the channel - Possible correction on monday. See what happened.
>>> RELIANCE - Happened <<<
>>> Click the chart to see on full screen <<<
In spite of good results on Q4, Price today broken the channel support with Big Volume as shown on above chart. We have short position from 1048 and Holding still. Its seems like price may continue to fall. Lets Wait and See. Cheers!!!
Saturday, April 23, 2016
Weekly Review - 25.04.2016
Dear All,
Investments by foreign institutional investors, rupee movement and trends in global markets will be the key drivers of the market in the week ahead.
Axis Bank, Maruti Suzuki India, Bharti Airtel, Yes Bank, ICICI Bank, HCL Technologies, Vedanta, Interglobe Aviation, ACC, UltraTech Cement are few major companies among others that will unveil their Q4 numbers next week.
Markets are likely to remain volatile ahead of the expiry of April derivative contracts on Thursday, April 28.
Besides, the second part of the budget session of Parliament will commence on Monday, April 25.
On the global front, US Federal Reserve will hold its next two-day policy meeting on Tuesday, April 26 and Wednesday, April 27.
In Japan, two-day monetary policy meeting of Bank of Japan (BOJ) will be held on Wednesday, April 27 and Thursday, April 28.
>>> Nifty Weekly Chart <<<
Earlier a Bearish Hanging man and followed by a bearish candle formed near 7760 Failed and tested next resistance near 7970-7980. A Red Colour Doji near the Key Resistance should be noted with caution, also Price tested 50WMA.
>>> Nifty Daily Chart <<<
7970 acts a key Resistance for the 3rd time. Price must cross above to gain strength for bulls.
>>> Nifty Hourly Chart <<<
Price Resisted @ the top of the channel or at 7975. 7870 act as a good support.
>>> Bank Nifty Hourly Chart <<<
Above 16750 - Movement till 17000 on the way.
>>> CEATLtd - Booked Profit <<<
Booked Rs.35000 Profit on Friday, Still expecting more fall as the price and RSI on the negative side.
>>> RELIANCE INDUSTRIES <<<
Better than expected Q4 Results on Friday. But the above chart shows a rosy picture and looks like Price may correct sooner or later - possibly. WE have short position with SL and will decide the status as per Next week movement.
>>> Performance till 22nd April, 2016 <<<
Investments by foreign institutional investors, rupee movement and trends in global markets will be the key drivers of the market in the week ahead.
Axis Bank, Maruti Suzuki India, Bharti Airtel, Yes Bank, ICICI Bank, HCL Technologies, Vedanta, Interglobe Aviation, ACC, UltraTech Cement are few major companies among others that will unveil their Q4 numbers next week.
Markets are likely to remain volatile ahead of the expiry of April derivative contracts on Thursday, April 28.
Besides, the second part of the budget session of Parliament will commence on Monday, April 25.
On the global front, US Federal Reserve will hold its next two-day policy meeting on Tuesday, April 26 and Wednesday, April 27.
In Japan, two-day monetary policy meeting of Bank of Japan (BOJ) will be held on Wednesday, April 27 and Thursday, April 28.
>>> Nifty Weekly Chart <<<
>>> Click the chart to see on full screen <<<
Earlier a Bearish Hanging man and followed by a bearish candle formed near 7760 Failed and tested next resistance near 7970-7980. A Red Colour Doji near the Key Resistance should be noted with caution, also Price tested 50WMA.
>>> Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
7970 acts a key Resistance for the 3rd time. Price must cross above to gain strength for bulls.
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Price Resisted @ the top of the channel or at 7975. 7870 act as a good support.
>>> Bank Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Above 16750 - Movement till 17000 on the way.
>>> CEATLtd - Booked Profit <<<
>>> Click the chart to see on full screen <<<
Booked Rs.35000 Profit on Friday, Still expecting more fall as the price and RSI on the negative side.
>>> RELIANCE INDUSTRIES <<<
>>> Click the chart to see on full screen <<<
Better than expected Q4 Results on Friday. But the above chart shows a rosy picture and looks like Price may correct sooner or later - possibly. WE have short position with SL and will decide the status as per Next week movement.
>>> Performance till 22nd April, 2016 <<<
>>> Click the image to see on full screen <<<Kindly send email to niftyforall@yahoo.com for details of our service or whatsapp @ 9677924975.
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