Resistance @ 8690 & 8720

Dear All,

>>> Nifty Hourly Chart <<<

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

8690 & 8720 - as Resistance on Friday.

>>> Bank Nifty Hourly Chart <<<

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19050-19150 Not able to cross for many days - So lets watch it for Next...Cheers!!!

Support @ 8580 & 8540. Resistance @ 8630 & 8660

Dear All,

>>> Nifty Hourly Chart <<<

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Price need to break again the channel support for a possible correction. Else Price must break above the upper resistance channel for more rally.

>>> BIOCON - Daily chart <<<

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Assumed as wave 3 completed. If Price extends above 261.8% more rally may come in. Lets wait and See.

Support @ 8575 & 8540

Dear All,

>>> Nifty Hourly Chart - Posted Yesterday <<<

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Wrote yesterday - price & rsi must cross above the trend line for a comfortable rally. See what happened.

>>> Nifty Hourly Chart <<<

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Price unable to cross above the trend line and started moving down. Now the Price and RSI must break below the support for a meaningful correction. Expect heavy volatile ahead of Events like BOJ & FEB along with Expiry. Cheers!!!

Above 8630 ???

Dear All,

>>> Nifty Weekly Chart <<<

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

Weekly chart suggested 8630 - had crossed today. So let see the other possibilities.

>>> Nifty Hourly Chart <<<

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Let's wait till Price and RSI breaks the Upper Trend line. Till then wait and watch.


>>> DRREDDY - Posted on Weekly Review <<<

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Wrote on Weekly Review - About Possible correction on Daily Chart of DrReddy's Lab. See what happened.

>>> DRREDDY - Booked Profit Rs.30,000 <<<

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Today We booked DrReddy's Lab Short near 3460 with Rs.30,000 Profit. Cheers!!!

Weekly Review - 25th July 2016

Dear All,

>>> Nifty Weekly Chart <<<

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8630 continue to resist on weekly chart.

>>> Nifty Daily Chart <<<

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No Clear direction on daily chart for the past 7 trading session. RSI must cross above the trend line.

>>> Nifty 5 Mins chart <<<

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A Lot have been seen and discussed on hourly chart - as there is no change in it, as the price moving inside a small range. Hence we have posted the 5 mins chart to find out the direction. It looks like the price have completed 1-5 and a clear picture to emerge only above 8580 or 8630. Support should be 8480.

>>> Bank Nifty Daily Chart <<<

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Price looks like - completed ABC rally near 19150. RSI showing a sign of break down, should break the larger trend line to confirm more fall.

>>> Bank Nifty Hourly Chart <<<

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On Hourly Frame, if the RSI breaks above the trend line, may test the upper band with price too.

>>> WOCKPHARMA - Booked Rs.44400 Profit <<<

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It was a good Profit on WockPharma - Achieved second target on intraday itself with Rs.44,400.

>>> SBIN - Posted on 18th July, 2016 <<<

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Last monday - Posted on SBI - that a Possible correction on card. We have short position also. See what happened.

>>> SBIN - More Fall Likely <<<

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Holding Short for more such correction.

>>> HINDALCO - Posted on 21st July 2016 <<<

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Wrote on 21st July - We have short position on Hindalco - Holding for a correction. See what happened.

>>> HINDALCO - Booked Profit - Fall may continue <<<

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Yes the Price almost tested our first target 130. As per above chart - a Possible bounce till the trend line shown. Lets see.

>>> DRREDDY - Daily Chart <<<

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Price reached as ABC, If unable to cross above - Expect correction next week.

>>> Performance till 22nd July, 2016.

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For details of our service email us to niftyforall@yahoo.com

Resisted Again @ 8580. Watch Support @ 8480

Dear All,

>>> Nifty Hourly Chart <<<

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Second time 8580 Resisted and Price started falling down. Now watch support @ 8480 for weakness.

>>> Bank nifty Hourly Chart <<<

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Index Mover - Bank Nifty confirmed the correction on both RSI and Price. Hope the entire market should listen carefully. We are holding short in Bank Nifty also.

>>> HINDALCO - Daily Chart <<<

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Hindalco - Broken Support on Price and RSI - We are holding short and expecting a possible correction.

>>> SBIN - Daily Chart <<<

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SBI - Price broken out of Wedge - may try to fill the gap left below - as shown on chart. We are holding short and expecting the price to fill the gap sooner or later. Cheers!!!

Cat Still on the Wall

Dear All,

>>> Nifty Hourly Chart <<<

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Still need confirmation.

>>> Bank Nifty Hourly <<<

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18830 - Support should break or the trend line to give hold for Bears, else price may continue its rally

>>> WOCKPHARMA - Booked Profit Rs.44400/- Intraday <<<

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

WockPharma - Booked Rs.44400/- On intrday itself.

8580 & 8630 continue to Resist

Dear All,

>>> Nifty Hourly Chart <<<

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Price may come under pressure - until 8580 or 8630 @ a resistance zone.

>>> Bank Nifty Hourly Chart <<<

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Bank Nifty - First Bear Sign from RSI. Hope Stock market not satisfied with Govt. Fund Infusion. If this is not wrong, Expect more sell off in day to come. Cheers!!!

Resisted @ 8580

Dear All,

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

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Posted on Weekly Review - to watch channel middle line and RSI for game changer.

>>> Nifty Hourly Chart - Happened Today <<<

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As expected RSI and Price broken down.

>>> Bank Nifty Hourly Chart <<<

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Price resisted @ the channel top - Suggest a caution sign. Must get confirmation from RSI for a valid correction. Since Bank Nifty - is the Mother of all index, A correction here is a caution for entire market.


>>> SBIN - Hourly Chart <<<

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If this Raising wedge - breaks below the channel and RSI support it, Correction can be some what deep!!!. We are holding short and expecting the same. Cheers!!!

Weekly Review - 18th July, 2016

Dear All.

>>> Nifty Weekly Chart <<<

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As given on chart

>>> Nifty Daily Chart <<<

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8630 and RSI trend line must restrict the bulls.

>>> Nifty Hourly Chart <<<

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Price and RSI shows some weakness, must confirm it.

>>> Bank Nifty Daily Chart <<<

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Bank Nifty showing lot of strength and helping the entire market, No doubt in it. So the Capital Infusion from govt. on PSU Banks and Outcome of Results and NPA updates may dictate the trend of Nifty Bank Index. More action left.

>>> WockPharma - Posted on 30th June,2016 <<<

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Posted earlier on 30th June, 2016 - Stock may rally. See what happen.

>>> WockPharma - Booked Profit 36000/- on 12th July, 2016 <<<

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Booked Profit Rs.36000/-

>>> Petronet - Posted on 09th July 2016 <<<

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Wrote on 09th July - a Possible correction for Petronet. See what happened.

>>> Petronet - Profit Booked Rs.30,000/- on 13th July, 2016 <<<

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Booked Profit Rs.30,000/-

>>> SunPharma Hourly - Posted on 13th July, 2016 <<<

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Wrote on 13th July, We are short on sunpharma - See what happened.

>>> SunPharma - Profit Booked Rs.5400/- on 15th July, 2016 <<<

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Booked near 772 with Rs.5400 Profit.

>>> HINDALCO - Posted on 14th July <<<

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Hindalco Posted on 14th July and still Open.

>>> Performance till 15th July, 2016 <<<

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