>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Price may face resistance @ 8830 & 8860, Fail to cross above these level may invite fresh sell off. Support @ 8690.
Monday, September 19, 2016
Nifty Resistance @ 8830 & 8860
Dear All,
>>> Nifty Hourly Chart <<<
Price may face resistance @ 8830 & 8860, Fail to cross above these level may invite fresh sell off. Support @ 8690.
>>> Nifty Hourly Chart <<<
Price may face resistance @ 8830 & 8860, Fail to cross above these level may invite fresh sell off. Support @ 8690.
Saturday, September 17, 2016
Weekly Review - 19th September, 2016
Dear All,
Indian equities climbed the most in 10 days, led by automakers, as Asian stocks ended a six-day run of losses after investor expectations for an US interest-rate increase eased and foreigners turned buyers of local shares for the first time in four days.
“Data shows that the US economy is still weak and a rate hike can happen only later,” said C.A. Rudramurthy B.V., head of research at Vachana Investments Pvt. in Bengaluru. “There are no negatives for the Indian markets right now, except the recent uncertainty about the Fed hike. We expect the liquidity-driven rally to continue.”
Globally, Asian stocks firmed on Friday after weak US data reduced already low expectations of an interest rate increase by the Federal Reserve next week, sending the Treasury yield curve surging to its steepest level in 2-1/2 months.
India's trade deficit declined sharply to 38.1% to $7.67 billion in August 2016 from $12.39 billion in August 2015. Exports fell 0.3% to $21.52 billion in August 2016 over August 2015. Imports fell 14.09% to $29.19 billion in August 2016 over August 2015.
The Bank of England unanimously voted to leave interest rates unchanged at record low of 0.25% after a monetary policy review yesterday and hinted of a rate cut as soon as November, despite the Brexit bounce back.
Foreigners bought $52 million of shares on Thursday after pulling $210 million in the previous three sessions as demand for risk assets cooled amid concern central banks are reluctant to boost stimulus. Foreigners have bought $6.2 billion of Indian equities this year, the most in Asia after Taiwan and South Korea.
Finance Minister Arun Jaitley on Friday expressed hope that the Reserve Bank will keep in mind the decline in retail inflation while deciding on interest rates at its policy review meeting on October 4.
>>> Nifty Daily Chart <<<
Price and RSI got support from Channel, shows momentum may continue after some consolidation.
>>> Nifty Hourly Chart <<<
Price may test 8690 or 8615 as shown on above chart.
>>> Bank Nifty Daily Chart <<<
If 19720 breaks - Next Support can be @ 19190.
>>> Bank Nifty Hourly Chart <<<
Can be an Irregular Correction mode on Bank Nifty Hourly Chart. Possible may test 19380 or below.
>>> SBIN - Booked Profit Rs.42000/- <<<
Last Week - Made a Profit on SBIN - With Rs.42000/-
>>> AdaniPort - Booked Profit Rs.30,000/- <<<
Last Week - Booked Profit on AdaniPort - Rs.30,000/-
>>> STAR - Posted on 12th September, 2016 <<<
Wrote on 12th September - We have shorted for a good correction. See what happened.
>>> STAR - Booked Profit Rs.27500/- <<<
Last Week - Booked Profit of Rs.27500/- on STAR.
>>> AdaniPort - Shorted Again - Expect a Correction Again <<<
Price Resisted @ the Trend line - Possible Correction again. We have shorted and Holding for a good correction.
>>> Performance till 16th September, 2016 <<<
Above performance is not a Promise or guarantee for the given Profits or Loss.Performance given based on 1 lot at a time and clients Profit differ as per the margin availability and Number of Lots taken by them. We may or may not re-enter the Calls given here hit Stop Loss, as per market movement. The charts given above are just for educational purpose only and we don't recommend any Entry / Buy or Exit / Sell. Reader must taken their own decision or consult their qualified Analyst before making any decision.
Indian equities climbed the most in 10 days, led by automakers, as Asian stocks ended a six-day run of losses after investor expectations for an US interest-rate increase eased and foreigners turned buyers of local shares for the first time in four days.
“Data shows that the US economy is still weak and a rate hike can happen only later,” said C.A. Rudramurthy B.V., head of research at Vachana Investments Pvt. in Bengaluru. “There are no negatives for the Indian markets right now, except the recent uncertainty about the Fed hike. We expect the liquidity-driven rally to continue.”
Globally, Asian stocks firmed on Friday after weak US data reduced already low expectations of an interest rate increase by the Federal Reserve next week, sending the Treasury yield curve surging to its steepest level in 2-1/2 months.
India's trade deficit declined sharply to 38.1% to $7.67 billion in August 2016 from $12.39 billion in August 2015. Exports fell 0.3% to $21.52 billion in August 2016 over August 2015. Imports fell 14.09% to $29.19 billion in August 2016 over August 2015.
The Bank of England unanimously voted to leave interest rates unchanged at record low of 0.25% after a monetary policy review yesterday and hinted of a rate cut as soon as November, despite the Brexit bounce back.
Foreigners bought $52 million of shares on Thursday after pulling $210 million in the previous three sessions as demand for risk assets cooled amid concern central banks are reluctant to boost stimulus. Foreigners have bought $6.2 billion of Indian equities this year, the most in Asia after Taiwan and South Korea.
Finance Minister Arun Jaitley on Friday expressed hope that the Reserve Bank will keep in mind the decline in retail inflation while deciding on interest rates at its policy review meeting on October 4.
>>> Nifty Daily Chart <<<
>>> click the chart to see on full screen <<<
Price and RSI got support from Channel, shows momentum may continue after some consolidation.
>>> Nifty Hourly Chart <<<
>>> click the chart to see on full screen <<<
Price may test 8690 or 8615 as shown on above chart.
>>> Bank Nifty Daily Chart <<<
>>> click the chart to see on full screen <<<
If 19720 breaks - Next Support can be @ 19190.
>>> Bank Nifty Hourly Chart <<<
>>> click the chart to see on full screen <<<
Can be an Irregular Correction mode on Bank Nifty Hourly Chart. Possible may test 19380 or below.
>>> SBIN - Booked Profit Rs.42000/- <<<
>>> click the chart to see on full screen <<<
Last Week - Made a Profit on SBIN - With Rs.42000/-
>>> AdaniPort - Booked Profit Rs.30,000/- <<<
>>> click the chart to see on full screen <<<
Last Week - Booked Profit on AdaniPort - Rs.30,000/-
>>> STAR - Posted on 12th September, 2016 <<<
>>> click the chart to see on full screen <<<
Wrote on 12th September - We have shorted for a good correction. See what happened.
>>> STAR - Booked Profit Rs.27500/- <<<
>>> click the chart to see on full screen <<<
Last Week - Booked Profit of Rs.27500/- on STAR.
>>> AdaniPort - Shorted Again - Expect a Correction Again <<<
>>> click the chart to see on full screen <<<
Price Resisted @ the Trend line - Possible Correction again. We have shorted and Holding for a good correction.
>>> Performance till 16th September, 2016 <<<
>>> click the chart to see on full screen <<<
Above performance is not a Promise or guarantee for the given Profits or Loss.Performance given based on 1 lot at a time and clients Profit differ as per the margin availability and Number of Lots taken by them. We may or may not re-enter the Calls given here hit Stop Loss, as per market movement. The charts given above are just for educational purpose only and we don't recommend any Entry / Buy or Exit / Sell. Reader must taken their own decision or consult their qualified Analyst before making any decision.
Thursday, September 15, 2016
Watch 8750-60 - Above Rally
Dear All,
>>> Nifty Hourly Chart <<<
Price managed to Hold 8700 and watch out for 8750-60 for more rally.
>>> START - Daily Chart - Posted on 12th Sep, 2016 <<<
Wrote on Monday - We are long and expecting a Rally. See what happened.
>>> START - Daily Chart - Hold Long for More Profit <<<
Price rally till 1040 today - Expecting more such rally as per above chart. Cheers!!!
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Price managed to Hold 8700 and watch out for 8750-60 for more rally.
>>> START - Daily Chart - Posted on 12th Sep, 2016 <<<
>>> Click the chart to see on full screen <<<
Wrote on Monday - We are long and expecting a Rally. See what happened.
>>> START - Daily Chart - Hold Long for More Profit <<<
>>> Click the chart to see on full screen <<<
Price rally till 1040 today - Expecting more such rally as per above chart. Cheers!!!
Wednesday, September 14, 2016
Support @ 8700
Dear All,
>>> Nifty Hourly Chart <<<
Its a Channel Support & 8700 must decide the fate of the Bulls. Lets wait and See. Cheers!!!
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Its a Channel Support & 8700 must decide the fate of the Bulls. Lets wait and See. Cheers!!!
Monday, September 12, 2016
Support @ 8700-8705
Dear All,
>>> Nifty Hourly Chart <<<
8700-8705 - Good Support, If holds expect a 'U' Turn on Wednesday Trade.
>>> SBIN - Posted on Weekly Review <<<
Wrote on Weekly Review - We had a short on SBIN. See what happened ??
>>> SBIN - Profit Booked today with Rs.42000/- Profit <<<
Booked Profit with Rs.42000/-.
>>> ADANIPORT - Posted on Weekly Review <<<
Posted on Weekly Review - AdaniPort may see a good Correction, and mentioned - as we had short position. See what happened.
>>> ADANIPORT - Booked Profit Rs.30,000/- <<<
Booked Rs.30,000 and Closed.
>>> STAR - Expect a Rally <<<
We are long and Waiting for a Rally. Price completed Wave B and may rally for Wave C as shown above on chart. Cheers!!!
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
8700-8705 - Good Support, If holds expect a 'U' Turn on Wednesday Trade.
>>> SBIN - Posted on Weekly Review <<<
>>> Click the chart to see on full screen <<<
Wrote on Weekly Review - We had a short on SBIN. See what happened ??
>>> SBIN - Profit Booked today with Rs.42000/- Profit <<<
>>> Click the chart to see on full screen <<<
Booked Profit with Rs.42000/-.
>>> ADANIPORT - Posted on Weekly Review <<<
>>> Click the chart to see on full screen <<<
Posted on Weekly Review - AdaniPort may see a good Correction, and mentioned - as we had short position. See what happened.
>>> ADANIPORT - Booked Profit Rs.30,000/- <<<
>>> Click the chart to see on full screen <<<
Booked Rs.30,000 and Closed.
>>> STAR - Expect a Rally <<<
>>> Click the chart to see on full screen <<<
We are long and Waiting for a Rally. Price completed Wave B and may rally for Wave C as shown above on chart. Cheers!!!
Sunday, September 11, 2016
Weekly Review - 12th September, 2016
Dear All,
The sentiments are bullish everywhere, although high valuation concerns are there all over the Street. Foreign portfolio investors (FPIs) have invested Rs 2,121 crore so far in September while domestic institutional investors (DIIs) have had net redemptions to the extent of Rs 110 crore, an indication that domestic investors are still not convinced about the India story.
Surprisingly only 48 lakh active clients had traded last week on any single day, which is too microscopic when seen from the country's demographic perspective. No wonder the depth in the Indian market is so shallow, which is why any concerted selling by FPIs results in a massive price erosion in stocks.
New Reserve Bank of India Governor Urjit Patel is likely to continue with the neutral stance on liquidity that the central bank adopted in April under Raghuram Rajan and this will play a key role in the transmission of rate cuts, suggest experts.
Ensuring adequate liquidity via open market operations (OMO) is clearly on top of the agenda of the new RBI governor. RBI will conduct open market operations (OMO) on Thursday to purchase government bonds to infuse about Rs 10,000 crore liquidity.
OMO stands for an open market operation, which is conducted by RBI. The central bank conducts OMO by way of sale or purchase of government securities to or from the market with an objective to adjust rupee liquidity conditions in the market on a durable basis.
If there is excess liquidity, RBI resorts to sale of securities and when liquidity conditions get tighter, RBI buys securities from the market.
Nifty Weekly chart formed a Inverted Hammer. While some experts turned cautious, others believed one should not read too much into Friday's trading pattern and the view of buy-on-dips market remains intact.
"I do not think we should read too much into this trend. It is after all just a readjustment of the weekly trends. We have managed to hold on to the gains that we built in during the week, giving up a little bit towards the end of the week. My expectation is that the weak hands are probably getting bailed out or being forced to bail out and they will be back in action next week," said CK Narayan, Founder, Chart Advise.
So more to watch on Trend - before taking a firm decision. Lets See technicals...
>>> Nifty Weekly Chart <<<
After many weeks - Price showing a Inverted Hammer - Possibly It may be a trend reversal also. Caution advised.
>>> Nifty Daily Chart <<<
Looks like ABC completed, and if not wrong, Expect some good correction soon.
>>> Nifty Hourly Chart <<<
Above hourly chart suggest - Price topped out on the expanding triangle, hope a fall is unavoidable.
>>> Bank Nifty Daily Chart <<<
Bank Nifty - Above counts - Looks like - completed ABC upmove. But due to the complex nature of the wave - we need to still wait for some more confirmation on either side to decide any action.
>>> Bank Nifty Hourly Chart <<<
Last leg of rally - tested the channel top of pitchfork. Looks like Bulls getting tiered and need to confirm the bears entry with more confirmation.
>>> SBIN - Possible Correction <<<
We have short position on SBI, looking for a good correction.
>>> ADANIPORT - Possible Correction <<<
We have short position on Adani Port, Looking for a good correction.
The sentiments are bullish everywhere, although high valuation concerns are there all over the Street. Foreign portfolio investors (FPIs) have invested Rs 2,121 crore so far in September while domestic institutional investors (DIIs) have had net redemptions to the extent of Rs 110 crore, an indication that domestic investors are still not convinced about the India story.
Surprisingly only 48 lakh active clients had traded last week on any single day, which is too microscopic when seen from the country's demographic perspective. No wonder the depth in the Indian market is so shallow, which is why any concerted selling by FPIs results in a massive price erosion in stocks.
New Reserve Bank of India Governor Urjit Patel is likely to continue with the neutral stance on liquidity that the central bank adopted in April under Raghuram Rajan and this will play a key role in the transmission of rate cuts, suggest experts.
Ensuring adequate liquidity via open market operations (OMO) is clearly on top of the agenda of the new RBI governor. RBI will conduct open market operations (OMO) on Thursday to purchase government bonds to infuse about Rs 10,000 crore liquidity.
OMO stands for an open market operation, which is conducted by RBI. The central bank conducts OMO by way of sale or purchase of government securities to or from the market with an objective to adjust rupee liquidity conditions in the market on a durable basis.
If there is excess liquidity, RBI resorts to sale of securities and when liquidity conditions get tighter, RBI buys securities from the market.
Nifty Weekly chart formed a Inverted Hammer. While some experts turned cautious, others believed one should not read too much into Friday's trading pattern and the view of buy-on-dips market remains intact.
"I do not think we should read too much into this trend. It is after all just a readjustment of the weekly trends. We have managed to hold on to the gains that we built in during the week, giving up a little bit towards the end of the week. My expectation is that the weak hands are probably getting bailed out or being forced to bail out and they will be back in action next week," said CK Narayan, Founder, Chart Advise.
So more to watch on Trend - before taking a firm decision. Lets See technicals...
>>> Nifty Weekly Chart <<<
>>> Click the chart to see on full screen <<<
After many weeks - Price showing a Inverted Hammer - Possibly It may be a trend reversal also. Caution advised.
>>> Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
Looks like ABC completed, and if not wrong, Expect some good correction soon.
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Above hourly chart suggest - Price topped out on the expanding triangle, hope a fall is unavoidable.
>>> Bank Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
Bank Nifty - Above counts - Looks like - completed ABC upmove. But due to the complex nature of the wave - we need to still wait for some more confirmation on either side to decide any action.
>>> Bank Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Last leg of rally - tested the channel top of pitchfork. Looks like Bulls getting tiered and need to confirm the bears entry with more confirmation.
>>> SBIN - Possible Correction <<<
>>> Click the chart to see on full screen <<<
We have short position on SBI, looking for a good correction.
>>> ADANIPORT - Possible Correction <<<
>>> Click the chart to see on full screen <<<
We have short position on Adani Port, Looking for a good correction.
Wednesday, September 07, 2016
Resisted @ 8950
Dear All,
>>> Nifty Hourly Chart <<<
Unable to hold above 8950 and RSI broken the Trend line shows some weakness.
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Unable to hold above 8950 and RSI broken the Trend line shows some weakness.
Tuesday, September 06, 2016
Resistance @ 8950
Dear All,
>>> Nifty Daily Chart <<<
8950 Key Resistance - If crosses - More rally till 9060.
>>> Bank Nifty Hourly Chart <<<
Bank Nifty facing resistance @ 20430-460, Cross above see more rally. Cheers!!!
>>> Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
8950 Key Resistance - If crosses - More rally till 9060.
>>> Bank Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Bank Nifty facing resistance @ 20430-460, Cross above see more rally. Cheers!!!
Sunday, September 04, 2016
Weekly Review 06th September, 2016
Dear All,
The market may see positive opening on Tuesday after data showed slower growth in US non-farm payrolls in August, which have reduced the chances of a Fed rate hike in the near future. Non-farm payrolls in US rose by 1.51 lakh in August against 2.75 lakh in the previous month, with weakness visible in construction and manufacturing sector hirings. The numbers came in lower than 1.8 lakh jobs anticipated in a Reuters' poll.
All eyes would be on Urjit Patel, the new RBI Governor, who will take charge from Raghuram Rajan on Tuesday. Any comment by the new governor on inflation and banks' asset quality would influence the market mood.
Manufacturing PMI readings in China and similar data in Europe will be keenly tracked on Monday.
The European Central Bank's policy decision on benchmark interest rate and Japanese GDP numbers will be released on Thursday. Chinese CPI and PPI readings and back home industrial production and manufacturing output data for July will sway the market sentiment on Friday.
>>> Nifty Weekly Chart <<<
Price crossed above first hurdle and may test second hurdle 8844. Above 8844 - More rally and fresh high possible.
>>> Nifty Daily Chart <<<
After getting support @ 8540, RSI made a fresh break out and rally with Price shows the Strength.
>>> Nifty Hourly Chart <<<
Price and RSI on the Trend line support must help the bulls to rally.
>>> Bank Nifty Daily Chart <<<
Price if holds above the channel as shown on chart - more upmove possible.
>>> Bank Nifty Hourly Chart <<<
Bank NIfty may test 20050 or 20150 near the channel top as shown on chart.
>>> BHARTIARTL - Expecting a Bounce <<<
After some heavy sell off on RIL AGM Day's - JIO Announcement - Price looking for a possible bounce as shown on chart. We are long and expecting some rally soon.
>>> LUPIN - Possible Upmove <<<
LUPIN may bouce if price holds the channel support as shown above. We are long and expecting a bounce from here.
>>> Performance for the month end of August, 2016 <<<
Above performance is not a Promise or guarantee for the given Profits or Loss.Performance given based on 1 lot at a time and clients Profit differ as per the margin availability and Number of Lots taken by them. We may or may not re-enter the Calls given here hit Stop Loss, as per market movement. The charts given above are just for educational purpose only and we don't recommend any Entry / Buy or Exit / Sell. Reader must taken their own decision or consult their qualified Analyst before making any decision.
The market may see positive opening on Tuesday after data showed slower growth in US non-farm payrolls in August, which have reduced the chances of a Fed rate hike in the near future. Non-farm payrolls in US rose by 1.51 lakh in August against 2.75 lakh in the previous month, with weakness visible in construction and manufacturing sector hirings. The numbers came in lower than 1.8 lakh jobs anticipated in a Reuters' poll.
All eyes would be on Urjit Patel, the new RBI Governor, who will take charge from Raghuram Rajan on Tuesday. Any comment by the new governor on inflation and banks' asset quality would influence the market mood.
Manufacturing PMI readings in China and similar data in Europe will be keenly tracked on Monday.
The European Central Bank's policy decision on benchmark interest rate and Japanese GDP numbers will be released on Thursday. Chinese CPI and PPI readings and back home industrial production and manufacturing output data for July will sway the market sentiment on Friday.
>>> Nifty Weekly Chart <<<
>>> Click the chart to see on full screen <<<
Price crossed above first hurdle and may test second hurdle 8844. Above 8844 - More rally and fresh high possible.
>>> Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
After getting support @ 8540, RSI made a fresh break out and rally with Price shows the Strength.
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Price and RSI on the Trend line support must help the bulls to rally.
>>> Bank Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
Price if holds above the channel as shown on chart - more upmove possible.
>>> Bank Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Bank NIfty may test 20050 or 20150 near the channel top as shown on chart.
>>> BHARTIARTL - Expecting a Bounce <<<
>>> Click the chart to see on full screen <<<
After some heavy sell off on RIL AGM Day's - JIO Announcement - Price looking for a possible bounce as shown on chart. We are long and expecting some rally soon.
>>> LUPIN - Possible Upmove <<<
>>> Click the chart to see on full screen <<<
LUPIN may bouce if price holds the channel support as shown above. We are long and expecting a bounce from here.
>>> Performance for the month end of August, 2016 <<<
>>> Click the image to see on full screen <<<
Above performance is not a Promise or guarantee for the given Profits or Loss.Performance given based on 1 lot at a time and clients Profit differ as per the margin availability and Number of Lots taken by them. We may or may not re-enter the Calls given here hit Stop Loss, as per market movement. The charts given above are just for educational purpose only and we don't recommend any Entry / Buy or Exit / Sell. Reader must taken their own decision or consult their qualified Analyst before making any decision.
Thursday, September 01, 2016
Below 8750 May test 8720
Dear All,
If breaks 8750 - May test 8720 - Next Support. We have booked just 40 Points today. Voltaile may continue again.
>>> Click the chart to see on full screen <<<
If breaks 8750 - May test 8720 - Next Support. We have booked just 40 Points today. Voltaile may continue again.
Wednesday, August 31, 2016
Support @ 8750 & 8720
Dear All,
>>> Nifty Hourly Chart <<<
8750 & 8720 acts as a good support. Cheers!!!
>>> Nifty Hourly Chart <<<
>>> click the chart to see on full screen <<<
8750 & 8720 acts as a good support. Cheers!!!
Tuesday, August 30, 2016
Must Cross 8750 for 8805 & 8875
Dear All,
>>> Nifty Hourly Chart <<<
Price need to hold above 8750 for fresh rally. Cheers!!!
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Price need to hold above 8750 for fresh rally. Cheers!!!
Monday, August 29, 2016
Support @ 8540 & 8490
Dear All,
>>> Nifty Daily Chart <<<
Price tested the trend line and made a bounce back. So 8540 & 8490 must break for a correction, Till then market may remain volatile again.
>>> Bank Nifty Hourly Chart - Posted on Weekly Chart <<<
Wrote on Weekly Review - BN support @ 19130 & 19030.
>>> Bank Nifty Hourly Chart - Happened <<<
100 Hma - Supported bulls and 19130 and 19030 continue remain as a good support. Cheers!!!
>>> Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
Price tested the trend line and made a bounce back. So 8540 & 8490 must break for a correction, Till then market may remain volatile again.
>>> Bank Nifty Hourly Chart - Posted on Weekly Chart <<<
>>> Click the chart to see on full screen <<<
Wrote on Weekly Review - BN support @ 19130 & 19030.
>>> Bank Nifty Hourly Chart - Happened <<<
>>> Click the chart to see on full screen <<<
100 Hma - Supported bulls and 19130 and 19030 continue remain as a good support. Cheers!!!
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