>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
7900 & 7840 - Support. Lets See.
Monday, December 26, 2016
Key Support @ 7900 & 7840-45
Dear All,
>>> Nifty Hourly Chart <<<
7900 & 7840 - Support. Lets See.
>>> Nifty Hourly Chart <<<
7900 & 7840 - Support. Lets See.
Sunday, December 25, 2016
Weekly Review 26th, December 2016
Dear All,
"Those who failed to take the decision have pushed the country to grave peril -- I have saved the country, as I had promised to do," Modi Said on a Public Rally.
The Modi government is likely to press ahead with its anti-black money drive in 2017 too, with the focus shifting to benami property. Saturday he also hinted at increasing taxes on capital markets, adding that his government would not hesitate from taking tough decisions such as demonetisation. “Those who profit from financial markets must make a fair contribution to nation-building through taxes. For various reasons, the contribution of tax from those who make money on the markets has been low,” said Modi during his speech at an event organised by capital market regulator Securities and Exchange Board of India (Sebi).
“Earlier, there was a feeling that some investors were getting an unfair deal by using certain tax treaties. As you know, those treaties have been amended by this government. Now it is time to re-think and come up with a good design which is simple and transparent, but also fair and progressive,” the PM said.
FII's certainly don't like these kinds of Uncertainty - Hence forth - No wonder they are pulling back. It was certainly a year of unexpected events, Brexit and Trump win were low probability events. Demonetisation, though, was totally unexpected.
The majority of these unforeseen events were bunched in the second half of the year. In the first half, investors’ sentiment was still upbeat. A normal monsoon after two years of drought, and the implementation of the Seventh Pay Commission were widely expected to boost consumer demand, especially in rural India. The consensus earnings per share (EPS) estimates for Sensex companies for fiscal 2017 were at their highest on 4 May at Rs1,659.21, according to Bloomberg data.
While the long-term impact of demonetisation is unclear, economists and investors agree the economy will take a hit in the short run. The much-awaited earnings recovery, which was on the horizon, now looks at least two quarters away.
The consensus EPS estimate of BSE’s 30-share Sensex is now at Rs1,455.47, a 10.47% decline from Rs1,625.21 at the start of fiscal 2017, according to Bloomberg. Firm commodity prices, particularly crude oil, is also likely to erode profit margins. This may not have been accounted for by analysts in earnings estimates.
>>> Nifty Weekly Chart <<<
Just a simple analysis by a Trend line - Price and RSI breaking the trend line.
>>> Nifty Daily Chart <<<
Price action from next trading days may give a clear picture.
>>> Nifty Hourly Chart <<<
Its a Perfect 1-5 downside and test the channel bottom - as far as the channel support holds - I expect a pull back.
>>> Bank Nifty Weekly Chart <<<
Its simple - Price test 38.2% retrace. 100 WMA may give support.
>>> Bank Nifty Daily Chart <<<
Hope a three wave down is completed at present.
>>> Performance for the month end of Dec, 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
"Those who failed to take the decision have pushed the country to grave peril -- I have saved the country, as I had promised to do," Modi Said on a Public Rally.
The Modi government is likely to press ahead with its anti-black money drive in 2017 too, with the focus shifting to benami property. Saturday he also hinted at increasing taxes on capital markets, adding that his government would not hesitate from taking tough decisions such as demonetisation. “Those who profit from financial markets must make a fair contribution to nation-building through taxes. For various reasons, the contribution of tax from those who make money on the markets has been low,” said Modi during his speech at an event organised by capital market regulator Securities and Exchange Board of India (Sebi).
“Earlier, there was a feeling that some investors were getting an unfair deal by using certain tax treaties. As you know, those treaties have been amended by this government. Now it is time to re-think and come up with a good design which is simple and transparent, but also fair and progressive,” the PM said.
FII's certainly don't like these kinds of Uncertainty - Hence forth - No wonder they are pulling back. It was certainly a year of unexpected events, Brexit and Trump win were low probability events. Demonetisation, though, was totally unexpected.
The majority of these unforeseen events were bunched in the second half of the year. In the first half, investors’ sentiment was still upbeat. A normal monsoon after two years of drought, and the implementation of the Seventh Pay Commission were widely expected to boost consumer demand, especially in rural India. The consensus earnings per share (EPS) estimates for Sensex companies for fiscal 2017 were at their highest on 4 May at Rs1,659.21, according to Bloomberg data.
While the long-term impact of demonetisation is unclear, economists and investors agree the economy will take a hit in the short run. The much-awaited earnings recovery, which was on the horizon, now looks at least two quarters away.
The consensus EPS estimate of BSE’s 30-share Sensex is now at Rs1,455.47, a 10.47% decline from Rs1,625.21 at the start of fiscal 2017, according to Bloomberg. Firm commodity prices, particularly crude oil, is also likely to erode profit margins. This may not have been accounted for by analysts in earnings estimates.
>>> Nifty Weekly Chart <<<
>>> Click the chart to see on full screen <<<
Just a simple analysis by a Trend line - Price and RSI breaking the trend line.
>>> Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
Price action from next trading days may give a clear picture.
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Its a Perfect 1-5 downside and test the channel bottom - as far as the channel support holds - I expect a pull back.
>>> Bank Nifty Weekly Chart <<<
>>> Click the chart to see on full screen <<<
Its simple - Price test 38.2% retrace. 100 WMA may give support.
>>> Bank Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
Hope a three wave down is completed at present.
>>> Performance for the month end of Dec, 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, December 22, 2016
Next Support @ 7950-60 & 7920
Dear All,
>>> Nifty Hourly Chart <<<
Price corrected its maximum of 161.8% for Wave C to. Hence 7950-60 must hold.
>>> Axis Bank - Hourly Chart <<<
Entered long near the base line and expecting a pull back soon. Cheers!!!
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Price corrected its maximum of 161.8% for Wave C to. Hence 7950-60 must hold.
>>> Axis Bank - Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Entered long near the base line and expecting a pull back soon. Cheers!!!
Wednesday, December 21, 2016
Lets Wait and Watch 8030
Dear All,
>>> Nifty Hourly Chart <<<
Its a painful December so far - Either Side Traders have lost their money - Lot of confusions and Daily Changing Policies of RBI - Panic Statement of some Economist on TV Channel - almost made the Entire trading community to slip till the edge of Chaos. So far no light at this tunnel.
Its a Duty of an Analyst to clarify atleast to some extend by his chart to show how and where the market is hedging. So tried a bit to clarify to our reader - as per above given Chart. So tomorrow - If 8030 holds at the end of the day - Lets expect a pull back soon. Cheers!!!
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Its a painful December so far - Either Side Traders have lost their money - Lot of confusions and Daily Changing Policies of RBI - Panic Statement of some Economist on TV Channel - almost made the Entire trading community to slip till the edge of Chaos. So far no light at this tunnel.
Its a Duty of an Analyst to clarify atleast to some extend by his chart to show how and where the market is hedging. So tried a bit to clarify to our reader - as per above given Chart. So tomorrow - If 8030 holds at the end of the day - Lets expect a pull back soon. Cheers!!!
Tuesday, December 20, 2016
Below 8080 may test 8030
Dear All,
>>> Nifty Hourly Chart <<<
Must hold 8080, else next support may be 8030. Price need to break above the wedge for a healthy rally.
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Must hold 8080, else next support may be 8030. Price need to break above the wedge for a healthy rally.
Monday, December 19, 2016
Support @ 8080 & 8030
Dear All,
>>> Nifty Hourly Chart <<<
Every candle bar shows the choppiness and Pain which pull down Volatility index below 15 in favour of Option Writers. Current fall assumed as wave B - Looks like an Falling Wedge may get support @ 8080 or 8030.
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Every candle bar shows the choppiness and Pain which pull down Volatility index below 15 in favour of Option Writers. Current fall assumed as wave B - Looks like an Falling Wedge may get support @ 8080 or 8030.
Saturday, December 17, 2016
Weekly Review - 19th December, 2016
Dear All,
In a unanimous decision, the Federal Open Market Committee (FOMC) raised the target federal funds rate by 25 basis points to between 0.50% and 0.75% and signalled a faster pace of increases in 2017 and 2018, heightening fears that higher interest rates in US would trigger foreign investment outflows from emerging markets including India towards the US.
The wholesale price index (WPI)-based inflation fell to a five-month low of 3.15% in November from 3.39% in the previous month, while the Consumer Price Index (CPI)-based inflation fell to 3.63% in November — a record low in the new series — from 4.2% in October as the rate of rise in food prices were dampened by the cash crunch following the demonetisation of high-value currency notes from November 8 onwards.
The next week will start with yearly deposit growth data along with foreign reserves data, followed by bank loan growth. Globally, the data like US existing home sales and crude oil inventories will remain in focus.
Meanwhile, foreign investors sold over Rs 1280 crore worth of equities in four days to Thursday, data available with National Securities Depository suggested. On Friday, they sold equities worth Rs 90 crore, provisional data available with the BSE showed.
>>> Nifty Weekly Chart <<<
Since we have posted a Bullish candle stick formation for last 2 weeks - We need to analyse last formation also. Its an inside candle - Usually an inside Red candle shall be considered negative of the upper side of the chart - Since its formed on the lower side - a chance of 50:50 can be taken. Candle formed between 100 & 50 WMA should be watched. Break above or below may be an trigger for either side.
>>> Nifty Daily Chart <<<
Its a painful consolidation week and many traders lost their patience also. Received many suggestion and Target from many traders, even criticism for my bullish view. Even a Negative stance taken by RBI and FED did not trigger a major sell off both times. Means the markets in the hands of Option Writers. A complicated wave move with lot of extensions and changing sub waves keeps changing their respective supports. So far my chart did not suggest a major sell off immediately. Above Pole and flag formation also showing an upmove.
>>> Nifty Hourly Chart <<<
Its an Irregular ABC - Hence the probability of B can be till 8080 or 8030 on the downside. Complexity of Wave B movement - give more choppy and pain. So lets wait for Wave B to get complete.
>>> Bank Nifty Daily Chart <<<
Lot of Bad News - Expectations - Restless Comments - Ruthless Targets - Bank Nifty Chart - Must be a Most Debated and Argued Chart in recent time I hope. Demonetisation = RBI Disappointment - FED Rate Hike - IT & ED Raids on All Pvt and PSU Banks - All News are factored in the above Chart.
So I feel the above chart - may trigger a rally till 18960 & 19270 till it take the recent low. Hope the W-X-Y count is almost completed and RSI also showing a lot of Positive divergence - If breaks above the trend line - Bulls may gain strength.
>>> CNX - IT - 400 Point Profit and Still Moving UP <<<
More rally above 10300.
>>> Oriental Bank Of Commerce - Hourly Chart <<<
We are Holding Long in OBC and if the Support holds as shown on above chart - Expect a rally soon.
>>> ACC - Possible Rally Soon <<<
Support Line - Must hold for a Good Rally till the top of the channel - We are long and expecting a Rally. Cheers!!!
>>> Performance till 16th Dec, 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
>>> N4A - Services <<<
Send your Service related queries to niftyforall@yahoo.com and whatsapp @ 9677924975
In a unanimous decision, the Federal Open Market Committee (FOMC) raised the target federal funds rate by 25 basis points to between 0.50% and 0.75% and signalled a faster pace of increases in 2017 and 2018, heightening fears that higher interest rates in US would trigger foreign investment outflows from emerging markets including India towards the US.
The wholesale price index (WPI)-based inflation fell to a five-month low of 3.15% in November from 3.39% in the previous month, while the Consumer Price Index (CPI)-based inflation fell to 3.63% in November — a record low in the new series — from 4.2% in October as the rate of rise in food prices were dampened by the cash crunch following the demonetisation of high-value currency notes from November 8 onwards.
The next week will start with yearly deposit growth data along with foreign reserves data, followed by bank loan growth. Globally, the data like US existing home sales and crude oil inventories will remain in focus.
Meanwhile, foreign investors sold over Rs 1280 crore worth of equities in four days to Thursday, data available with National Securities Depository suggested. On Friday, they sold equities worth Rs 90 crore, provisional data available with the BSE showed.
>>> Nifty Weekly Chart <<<
>>> Click the chart to see on full screen <<<
Since we have posted a Bullish candle stick formation for last 2 weeks - We need to analyse last formation also. Its an inside candle - Usually an inside Red candle shall be considered negative of the upper side of the chart - Since its formed on the lower side - a chance of 50:50 can be taken. Candle formed between 100 & 50 WMA should be watched. Break above or below may be an trigger for either side.
>>> Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
Its a painful consolidation week and many traders lost their patience also. Received many suggestion and Target from many traders, even criticism for my bullish view. Even a Negative stance taken by RBI and FED did not trigger a major sell off both times. Means the markets in the hands of Option Writers. A complicated wave move with lot of extensions and changing sub waves keeps changing their respective supports. So far my chart did not suggest a major sell off immediately. Above Pole and flag formation also showing an upmove.
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Its an Irregular ABC - Hence the probability of B can be till 8080 or 8030 on the downside. Complexity of Wave B movement - give more choppy and pain. So lets wait for Wave B to get complete.
>>> Bank Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
Lot of Bad News - Expectations - Restless Comments - Ruthless Targets - Bank Nifty Chart - Must be a Most Debated and Argued Chart in recent time I hope. Demonetisation = RBI Disappointment - FED Rate Hike - IT & ED Raids on All Pvt and PSU Banks - All News are factored in the above Chart.
So I feel the above chart - may trigger a rally till 18960 & 19270 till it take the recent low. Hope the W-X-Y count is almost completed and RSI also showing a lot of Positive divergence - If breaks above the trend line - Bulls may gain strength.
>>> CNX - IT - 400 Point Profit and Still Moving UP <<<
>>> Click the chart to see on full screen <<<
More rally above 10300.
>>> Oriental Bank Of Commerce - Hourly Chart <<<
>>> Click the chart to see on full screen <<<
We are Holding Long in OBC and if the Support holds as shown on above chart - Expect a rally soon.
>>> ACC - Possible Rally Soon <<<
>>> Click the chart to see on full screen <<<
Support Line - Must hold for a Good Rally till the top of the channel - We are long and expecting a Rally. Cheers!!!
>>> Performance till 16th Dec, 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
>>> N4A - Services <<<
Send your Service related queries to niftyforall@yahoo.com and whatsapp @ 9677924975
Thursday, December 15, 2016
Support @ 8080 & 8030
Dear All,
The dollar surged against its peers Thursday and most Asian markets tumbled after the Federal Reserve indicated it will likely embark on a steeper path of interest rate hikes over the next year.While the decision to lift rates had been a certainty, a plan to hike them three times rather than the expected twice jolted trading floors. The news sent the dollar soaring well past 117 yen and its highest level since February, while it also bulldozed other currencies, particularly higher-yielding, riskier, units and those of emerging market nations.
In her post-announcement conference, Yellen said the rise was a reflection of “the confidence we have in the progress that the economy has made and our judgment that progress will continue”.
The US bond yield and the dollar strengthened post the announcement, which is negative for emerging markets, including India, as the risk of outflows goes up. Our indices contained the losses on the back of buying in IT stocks supported by a strong dollar against the rupee. Sentiment took a hit as fears grew that a rate hike in the US would mean higher pace of capital outflows from emerging markets, including India, into US bonds that are considered as a safer investment option.
The Fed's anticipated policy path, and expectations US President-elect Donald Trump will set growth on a higher gear, are keeping Asian policymakers on edge as capital gets sucked out from the fragile export-dependent regional economies toward dollar-based assets
>>> Nifty Hourly Chart <<<
Its a complicated move - hence volatile is by its nature. Support like 8110 - 8080 and 8030 must hold for Wave C rally.
>>> Bank Nifty Hourly Chart <<<
Price consolidating inside the expanding triangle for many days - though big events like RBI & FEB Can't break above or below the Triangle shows the strength of the Option Writers. So its quite natural - a PUT or Call Buyer might have incurred a Loss so far.
>>> CNX-IT Posted on 13th Dec, 2016 <<<
Posted on 13th Dec, 2016 - IT Index on a Break Out. We are Long & See what happened.
>>> CNX - IT - More Rally above 10,300 <<<
Above 10300 - More Rally ahead as shown on chart. Cheers!!!
>>> N4A - Services <<<
Send Your Service enquiries to niftyforall@yahoo.com or whatsapp @ 9677924975.
The dollar surged against its peers Thursday and most Asian markets tumbled after the Federal Reserve indicated it will likely embark on a steeper path of interest rate hikes over the next year.While the decision to lift rates had been a certainty, a plan to hike them three times rather than the expected twice jolted trading floors. The news sent the dollar soaring well past 117 yen and its highest level since February, while it also bulldozed other currencies, particularly higher-yielding, riskier, units and those of emerging market nations.
In her post-announcement conference, Yellen said the rise was a reflection of “the confidence we have in the progress that the economy has made and our judgment that progress will continue”.
The US bond yield and the dollar strengthened post the announcement, which is negative for emerging markets, including India, as the risk of outflows goes up. Our indices contained the losses on the back of buying in IT stocks supported by a strong dollar against the rupee. Sentiment took a hit as fears grew that a rate hike in the US would mean higher pace of capital outflows from emerging markets, including India, into US bonds that are considered as a safer investment option.
The Fed's anticipated policy path, and expectations US President-elect Donald Trump will set growth on a higher gear, are keeping Asian policymakers on edge as capital gets sucked out from the fragile export-dependent regional economies toward dollar-based assets
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Its a complicated move - hence volatile is by its nature. Support like 8110 - 8080 and 8030 must hold for Wave C rally.
>>> Bank Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Price consolidating inside the expanding triangle for many days - though big events like RBI & FEB Can't break above or below the Triangle shows the strength of the Option Writers. So its quite natural - a PUT or Call Buyer might have incurred a Loss so far.
>>> CNX-IT Posted on 13th Dec, 2016 <<<
>>> Click the chart to see on full screen <<<
Posted on 13th Dec, 2016 - IT Index on a Break Out. We are Long & See what happened.
>>> CNX - IT - More Rally above 10,300 <<<
>>> Click the chart to see on full screen <<<
Above 10300 - More Rally ahead as shown on chart. Cheers!!!
>>> N4A - Services <<<
Send Your Service enquiries to niftyforall@yahoo.com or whatsapp @ 9677924975.
Wednesday, December 14, 2016
Support @ 8150 & 8130
Dear All,
>>> Nifty Hourly Chart <<<
Price need to hold the support @ 8180, 8160 & 8130.
>>> Axis Bank - Posted Yesterday <<<
Wrote Yesterday - Price on a Break out - for the second time. See what Happened.
>>> Axis Bank - Booked Profit Rs.22800/- <<<
Booked with Rs.22800/- Profit. Cheers!!!
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Price need to hold the support @ 8180, 8160 & 8130.
>>> Axis Bank - Posted Yesterday <<<
>>> Click the chart to see on full screen <<<
Wrote Yesterday - Price on a Break out - for the second time. See what Happened.
>>> Axis Bank - Booked Profit Rs.22800/- <<<
>>> Click the chart to see on full screen <<<
Booked with Rs.22800/- Profit. Cheers!!!
Tuesday, December 13, 2016
Key Support @ 8150. Resistance @ 8230 & 8250
Dear All,
>>> Nifty Hourly Chart <<<
As wrote Yesterday - Price took support @ 8150 and started moving near 8230. Above 8230 may test 8250 as shown on chart.
>>> Bank Nifty Hourly Chart <<<
If holds above 18460 - may test 18650 soon.
>>> CNX-IT - Break Out <<<
Clear break out visible - if holds above the channel - more rally on card as mentioned on chart.
>>> AXISBANK - Break Out - We are Long Again <<<
Break out for the Second time after many bad news and consolidation - We are long and holding for a good Profit. Cheers!!!
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
As wrote Yesterday - Price took support @ 8150 and started moving near 8230. Above 8230 may test 8250 as shown on chart.
>>> Bank Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
If holds above 18460 - may test 18650 soon.
>>> CNX-IT - Break Out <<<
>>> Click the chart to see on full screen <<<
Clear break out visible - if holds above the channel - more rally on card as mentioned on chart.
>>> AXISBANK - Break Out - We are Long Again <<<
>>> Click the chart to see on full screen <<<
Break out for the Second time after many bad news and consolidation - We are long and holding for a good Profit. Cheers!!!
Monday, December 12, 2016
Support @ 8150
Dear All,
>>> Nifty 5 Mins Chart <<<
Support @ 8150.
>>> Nifty 5 Mins Chart <<<
>>> Click the chart to see on full screen <<<
Support @ 8150.
Saturday, December 10, 2016
Weekly Review - 12th Dec, 2016
Dear All,
It has been a choppy ride for the Indian equity markets that had been hit by the double whammy of demonetisation and the surprise victory of Donald Trump in the US Presidential elections, exactly a month ago on November 8. India’s Nifty (down 3.5%) was the second worst performing index in Asia after Philippines, and the fourth globally – after Mexico (down 5.9%), Brazil (4.3%) and Philippines (down 3.9%).
Markets will now depend on US Fed rate action, Union Budget 2017, growth in corporate earnings, progress made as regards the goods and services tax (GST) bill. Though the market has priced in a 25 basis point rate hike by the US Federal Reserve in December 2016, it is not prepared for an aggressive guidance for CY 2017.
>>> Nifty Weekly Chart - Posted Last Week <<<
Wrote last week - Price made a double confirmation on candle sticks side. Lets see what happened this week.
>>> Nifty Weekly Chart - Happened <<<
Price made a strong close than previous candle high and confirmed the Bulls Strength. Close above 50 & 100 WMA also give more strength.
>>> Nifty Daily Chart <<<
Price constantly moving above 200 DMA - may test 8340,8390 and 8420 next week.
>>> Nifty Hourly Chart <<<
Price moving above 200 HMA, may possibly test 8390 or above.
>>> Bank Nifty Weekly - Posted Last Weekly Review <<<
Price made a Bullish hammer last week - See what happened.
>>> Bank Nifty Weekly Chart - Happened <<<
Price almost test 61.8% for Wave (x) or (4) as shown above. A Bullish candle shows more rally possible.
>>> BankNifty Daily = Posted Last Weekly Review <<<
Bank Nifty almost inside the channel - Wrote last week - Price may take support @ the channel or may test 17750 on worst case. See what happened.
>>> Bank Nifty Daily Happened <<<
Price started moving above the channel shows some strength, may continue its rally next week also.
>>> Bank Nifty Hourly <<<
Bank Nifty Hourly - If able to cross above 18750 - More Fire Works Possible.
>>> CNX-IT Posted on 08th Dec, 2016 <<<
Wrote on 08th Dec, We have entered long and expecting price to move up. See what happened.
>>> CNX-IT - Booked Profit Rs.10,000/- <<<
Booked Rs.10,000/- Profit - Price gave a break out as shown on above chart - More rally possible.
>>> SBIN - Hourly Chart - Posted on 30th Nov, 2016 <<<
Posted on 30th Nov, about possible rally on SBI. See what happened.
>>> SBIN - Booked Profit Rs.30,000/- <<<
Profit booked @ 265 with Rs.30,000/- Profit.
>>> Performance till 09th Dec, 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
Send your Service queries to niftyforall@yahoo.com or whatsapp @ 9677924975
It has been a choppy ride for the Indian equity markets that had been hit by the double whammy of demonetisation and the surprise victory of Donald Trump in the US Presidential elections, exactly a month ago on November 8. India’s Nifty (down 3.5%) was the second worst performing index in Asia after Philippines, and the fourth globally – after Mexico (down 5.9%), Brazil (4.3%) and Philippines (down 3.9%).
Markets will now depend on US Fed rate action, Union Budget 2017, growth in corporate earnings, progress made as regards the goods and services tax (GST) bill. Though the market has priced in a 25 basis point rate hike by the US Federal Reserve in December 2016, it is not prepared for an aggressive guidance for CY 2017.
>>> Nifty Weekly Chart - Posted Last Week <<<
>>> click the chart to see on full screen <<<
Wrote last week - Price made a double confirmation on candle sticks side. Lets see what happened this week.
>>> Nifty Weekly Chart - Happened <<<
>>> click the chart to see on full screen <<<
Price made a strong close than previous candle high and confirmed the Bulls Strength. Close above 50 & 100 WMA also give more strength.
>>> Nifty Daily Chart <<<
>>> click the chart to see on full screen <<<
Price constantly moving above 200 DMA - may test 8340,8390 and 8420 next week.
>>> Nifty Hourly Chart <<<
>>> click the chart to see on full screen <<<
Price moving above 200 HMA, may possibly test 8390 or above.
>>> Bank Nifty Weekly - Posted Last Weekly Review <<<
>>> click the chart to see on full screen <<<
Price made a Bullish hammer last week - See what happened.
>>> Bank Nifty Weekly Chart - Happened <<<
>>> click the chart to see on full screen <<<
Price almost test 61.8% for Wave (x) or (4) as shown above. A Bullish candle shows more rally possible.
>>> BankNifty Daily = Posted Last Weekly Review <<<
>>> click the chart to see on full screen <<<
Bank Nifty almost inside the channel - Wrote last week - Price may take support @ the channel or may test 17750 on worst case. See what happened.
>>> Bank Nifty Daily Happened <<<
>>> click the chart to see on full screen <<<
Price started moving above the channel shows some strength, may continue its rally next week also.
>>> Bank Nifty Hourly <<<
>>> click the chart to see on full screen <<<
Bank Nifty Hourly - If able to cross above 18750 - More Fire Works Possible.
>>> CNX-IT Posted on 08th Dec, 2016 <<<
>>> click the chart to see on full screen <<<
Wrote on 08th Dec, We have entered long and expecting price to move up. See what happened.
>>> CNX-IT - Booked Profit Rs.10,000/- <<<
>>> click the chart to see on full screen <<<
Booked Rs.10,000/- Profit - Price gave a break out as shown on above chart - More rally possible.
>>> SBIN - Hourly Chart - Posted on 30th Nov, 2016 <<<
>>> click the chart to see on full screen <<<
Posted on 30th Nov, about possible rally on SBI. See what happened.
>>> SBIN - Booked Profit Rs.30,000/- <<<
>>> click the chart to see on full screen <<<
Profit booked @ 265 with Rs.30,000/- Profit.
>>> Performance till 09th Dec, 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
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