Above 8290-95 - May Test Next Resistance @ 8320

Dear All,

>>> Nifty 5 Mins Chart <<<

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

It was a break down earlier - along with RSI - Failed and Hit SL for our Short. Now - If Price Manage to move above 8290-95 or 8320 - More rally possible. We don't have any position right now. Will decide as per movement.

Choppy Trade must - make or Break 8210 or 8280.

Dear All,

>>> Nifty Hourly Chart <<<

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

Choppy Trade must break 8210 or move above 8280.

Weekly Review - 09th Jan, 2014

Dear All,

Nifty tested its crucial hurdle at 8,300 in Friday’s session, but couldn’t hold on to it due to profit taking at higher levels. The expert believes the recovery in banking and finance majors along with other heavyweights has raised hopes of further up-move ahead. However, he suggests keeping an extra caution in stock selection as a decent rebound from the bottom has already happened.

Important events of the week :-

Manufacturing activities contracted for the first time in a year, as PMI slipped to 49.6 points in December, down from 52.3 in November. This also marked the biggest month-on-month decline in the index in eight years or since November 2008 when the global economy had slipped into a severe downturn after the Lehman collapse. 
An impasse over the division of administrative turf between the Centre and states, higher compensation due to demonetisation and definition of coastal states persisted at GST Council meet, indicating that a roll-out of the new indirect tax regime is difficult not only from April 1, but also from July 1, 2017. The next meeting will now be held on January 16. 
Shares of information technology (IT) companies came under pressure this week after two US Congressmen reintroduced a bill to curb the use of H-1B visas, on which the Indian IT sector is particularly dependent.
Minutes from the Fed's December meeting showed policymakers were unsure about the potential impact of President-elect Donald Trump's policies on the economy. They noted upside risk to growth forecasts and suggested aggressive path of rate increase if inflationary pressures rise. 

MARKET NEXT WEEK :-

The earnings season for the third quarter will start from next week with companies such as 8kMiles, IndusInd Bank, BajajCorp, Infosys and MCX kicking off the inninigs. Investors will react to Central Statistics Office’s projection of Gross domestic product (GDP) growth data released yesterday, which pegged economic growth at an optimistic 7.1% in 2016-17, lower than 7.6% in the previous financial year. Strong US nonfarm payroll data, out yesterday, will also be a key market trigger. Investors will also await industrial production, manufacturing output and inflation data scheduled to be released on Thursday.

>>> Nifty Daily Chart - Is this a Valid Head & Shoulder <<< 

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

Is this a Valid Head & Shoudler given above ?? If Yes - You know what to do. Nothing more to say.

>>> Nifty Daily Chart <<<

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

Price tested 38.2% retrace or trend line as shown above - raises concern.

>>> Nifty Hourly Chart <<<

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RSI singals first Bear sign. Price must break below 8210 may give way for next 8150 & 8100.

>>> Bank Nifty Daily Chart <<<

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

Again Bank Nifty on an Important Juncture. Tested 18315 or 23.6%, If cross above may trigger another 400+ Points rally.

>>> Bank Nifty Hourly <<<

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

Cross above 18315 may test next Resistance @ 18500.


>>> Asian Paints - Profit Booked Rs.12000/- <<<

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

Booked Rs.12000/- Profit on Asian Paints.

>>> CoalIndia - Profit Booked Rs.13600/- <<<

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

Made 8 Points or Rs.13600/- Profit.

>>> Divis Lab - Exited with Loss Rs.3000/- <<<

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

Exited with Loss of Rs.3000/-

>>> Performance till 06th Jan, 2017 <<<

>>> 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

Key Resistance @ 8280 & 8320

Dear All,

>>> Nifty 5 Mins Chart <<<

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

Price moved as 1-5 and last wave 5 have almost retraced 127.2% of wave 1-3. Now 8280 act as a key resistance - if crosses may test 8320 on the upper side.

>>> Nifty 5 Mins chart <<<

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

Last leg of wave - elaborated here - ABCDE - Today's gap Up opening and followed by Price resisted at channel top or near 8280 should be considered. Cross abvoe 8280 may test 8320. Else a Possible Correction may start any time. Let's wait for the weekend trade. Cheers!!!

Support @ 8180 & Resistance @ 8220 & 8250

Dear All,

>>> Nifty 5 Mins Chart <<<

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

Price moving inside a small range of 8180 to 8220 since last 2 days. Above chart suggest, if 8180 breaks correction may resume. Else Price may re-test channel top. Key Resistance may be 8220 & 8250 on the upperside.

Support @ 8180 & 8150

Dear All,

>>> Nifty 15 Mins Chart <<<

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

Price forming an diagonal on top of the channel - Must hold 8180 and 8150.

>>> Divis-Lab - SL hit & Exit - Loss Booked <<<

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

Exited below 790 and Booked Loss.

>>> COALINDIA - Daily Chart - We are Long <<<

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

We are Long. Price given a break out and if holds - may continue to rally. Cheers!!!

Key Resistance @ 8180 - 8200 - 8230

Dear All,

>>> Nifty 15 Mins Chart <<<

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

Price moving inside the channel as 1-5 may find its resistance near 8180 - 8200 - 8230.

>>> Asian Paints - Posted 29th Dec, 2016 <<<

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

Posted on 29th Dec, 2016 - Asian Paints may rally and we are long too.

>>> Asian Paints - Profit Booked today Rs.12000/- <<<

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

Booked today Rs.12000/- More rally possible if cross above the channel as shown above.

>>> Divis-Lab - 15 Mins Chart - We are Long <<<

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

We are Long and looking for a rally till channel top as shown on above chart. Cheers!!!

Weekly Review - 02nd Monday, 2017

Dear All,

Wish you All a Very Happy & Profitable New Year 2017.

Whatsapp at 9677924975 - Yearly Offer - Only till 05th Jan, 2017.

>>> Key Announcement on New Year Speech by Modi <<<

Prime Minister Narendra Modi on Saturday announced several measures for senior citizens, farmers, pregnant women, the MSME sector and home buyers. In his address to the nation on the New Year's Eve, Modi thanked people for enduring the ‘pain’ caused after the government's November 8 decision to demonetise Rs 500 and Rs 1,000 currency notes. The Reserve Bank of India (RBI) had on Friday increased the daily withdrawal limit from ATMs to Rs 4,500 from Rs 2,500 per card per day. This will be effective from January 1, 2017. The weekly withdrawal limit (Rs 24,000), however, remains unchanged. RBI said disbursals would be mostly in Rs 500 notes.

Here are 10 important takeaways from Prime Minister Narendra Modi's address to the nation on the New Year's Eve:

1. The government will bear 60 days' interest on select farm loans.
 
2. In 2017, the government is bringing new housing schemes. a) On home loans of up to Rs 9 lakh, for poor and middle class people will get 4% exemption on interest; b) on loans of up to Rs 12 lakh, the exemption will be 3%
 
3. PM announced schemes for women: Rs 6,000 assistance for pregnant women.
 
4. "I am overwhelmed by the public support after demonetisation," said Modi.
 
5. Modi says honest taxpayers will get benefit.
 
6. Thirty million kisaan credit cards will be converted into RuPay cards, said the PM.
 
7. 33% more homes would be build in rural areas under the Pradhan Mantri Awas Yojana. 
 
8. The credit guarantee of MSME will be increased to Rs 2 crore from Rs 1 crore.
 
9. The government will guarantee loans up to Rs 2 crore for small traders.
 
10. For senior citizens, 8% interest on deposits of up to Rs 7.5 lakh for 10 years. 


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

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

Wrote Last week - Wave C Upside Pending - Will be confirmed after Monday Move. As expected Buy Triggered on Monday and We went Long also. See what happened.

>>> Nifty Daily Chart - Happened <<<

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

Today we have booked Profit 230 - 240 Points.

>>> Nifty Hourly Chart <<<

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

Price gave a good break out - shows more upside possible.

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

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

Posted Last weekly review - Downside almost ended as W-X-Y wave - See what Happened.

>>> Bank Nifty - Happened <<<

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

Booked 350 Points Profit.

>>> MCDOWELL-N - Posted on 27th Dec, 2016 <<<

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

Posted on 27th Dec, for a good Rally till top of the channel. See what Happened.

>>> MCDOWELL-N - Booked Profit Rs.22500/- <<<

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

Profit Booked Rs.22500/-

>>> Asian Paints - Break Out - We are Long <<<

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

We are Long, Price on Break Out.

Wish you all our Clients & Reader - A very happy & Profitable New Year 2017 - Lets all make it a fantastic New Year 2017. For New Year Offer - Contact us on email @ niftyforall@yahoo.com or whatsapp @ 9677924975 - Valild only till 05th Jan, 2017.

Next Resistance @ 8150 & 8230

Dear All,

>>> Nifty Hourly Chart <<<

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

Price crossed key resistance @ 8100, may test next resistance @ 8150 & 8230.

>>> MCDOWELL-N - Hourly - Posed on 27th Dec, 2016 <<<

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

Wrote on 27th Dec, 2016 - Price ready for rally. See what happened.

>>> MCDOWELL-N - More Rally Possible till Channel Top <<<

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

More Rally Possible till the channel Top.

>>> Asian Paints - Hourly Chart - Ready for Break Out <<<

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

Looking for a Break out cum rally, We are long. Cheers!!!

Expiry Day - Support @ 8020 - 8000 & 7980

Dear All,

>>> Nifty 5 Min Chart <<<

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

Expect voaltile on Expiry Day. Support @ 8020 - 8000 - 7980.

Next Resistance @ 8050-60

Dear All,

>>> Nifty Hourly Chart <<<

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

Price must cross above 8050 - 8060 for a good rally. We are long since 7940 and Holding for More rally.

>>> MCDOWELL-N - Hourly Chart <<<

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

We are long in McDowell and Holding for a Rally. Price must the Support line as shown on above chart. Cheers!!!

Key Support @ 7900 & 7840-45

Dear All,

>>> Nifty Hourly Chart <<<

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

7900 & 7840 - Support. Lets See.

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 <<<

>>> 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