>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Key Support 9086 & 9050 If breaks may trigger a 100+ Point Correction Possible. Else Rally may continue...
Tuesday, March 21, 2017
Support 9086 & 9050
Dear All,
>>> Nifty Hourly Chart <<<
Key Support 9086 & 9050 If breaks may trigger a 100+ Point Correction Possible. Else Rally may continue...
>>> Nifty Hourly Chart <<<
Key Support 9086 & 9050 If breaks may trigger a 100+ Point Correction Possible. Else Rally may continue...
Saturday, March 18, 2017
Weekly Review 20th March 2017
Dear All,
Yogi Adityanath, alias Ajay Singh Bisht, the five-time MP from Gorakhpur is all set to become the chief minister of Uttar Pradesh.
An eventful week it was. BJP's landslide victory in Uttar Pradesh, US Federal Reserve's less hawkish tone and an update on Goods and Services Tax (GST) pushed the Nifty50 index to its fresh lifetime highs thrice in a holiday-truncated week.
Investors believe the win boosts Modi's re-election prospects in 2019 and will encourage him to advance his ambitious economic reform agenda. It also comes as analysts are growing confident of a recovery in earnings because of stronger economic growth: Macquarie estimates earnings-per-share for the NSE could surge 16 percent in the year starting in April, compared with a 5 percent rise in the previous fiscal year and 4 percent in 2014/15.
The under current in the market is strong as new money from both FIIs and DIIs continue to pour in spite of high valuation. Rupee has strengthened to a fresh 16 months high led by foreign inflows. Further, fall in crude prices and positive cues from GST council meeting added color to this rally.
NEXT WEEK: In the absence of major domestic and global cues, the investors will track the developments on the GST Bill.
>>> Nifty Weekly Chart <<<
Above is the Weekly Chart of Nifty. While all are Bullish on entire market after Price breached above 8990, I have made an alternate count here. It doesn't mean that I am totally bearish and advising to short or exit market. Discussed here is an alternative Only.
While all are singing on a same tone - I am looking for an alternative. While every one started ignoring Indicators, speaking about only the Price break out after some major events - I am still wonder why the market still making a choppy and volatile move.
In my experience - so far i have learned - market won't move in the way what the majority are thinking. Hence its very important to identify the change in trend to protect your capital and to identify forthcoming Opportunities.
As mentioned on above chart - If price able to close above the key resistance 9220-40 on weekly basis - No doubt price may move till 9500 and even 10K. But the million dollar question is, Is this so simple to predict a market like this - in such a simple way??.
>>> Nifty Daily Chart <<<
>>> Nifty Hourly Chart <<<
>>> Bank Nifty Weekly Chart <<<
>>> Click the chart to see on full screen <<<
Bank Nifty Breaks the Previous high and closed above, but with a Red Doji on top of the Chart - is a Concern.
>>> Bank Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
Price need to trade above 21200 to reach 21500 and 22000. If breaks the wedge along with RSI - may trigger selling.
>>> Bank Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Price need to hold 21130 to protect from 200+ correction - Key Resistance 21460-21500.
>>> BAJFINANCE - Break Or Make <<<
>>> Click the chart to see on full screen <<<
Its a Break or Made Move on BajFinance - Lets Wait and See.
>>> Performance till 17th March, 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
>>> N4A-Services <<<
Yogi Adityanath, alias Ajay Singh Bisht, the five-time MP from Gorakhpur is all set to become the chief minister of Uttar Pradesh.
An eventful week it was. BJP's landslide victory in Uttar Pradesh, US Federal Reserve's less hawkish tone and an update on Goods and Services Tax (GST) pushed the Nifty50 index to its fresh lifetime highs thrice in a holiday-truncated week.
Investors believe the win boosts Modi's re-election prospects in 2019 and will encourage him to advance his ambitious economic reform agenda. It also comes as analysts are growing confident of a recovery in earnings because of stronger economic growth: Macquarie estimates earnings-per-share for the NSE could surge 16 percent in the year starting in April, compared with a 5 percent rise in the previous fiscal year and 4 percent in 2014/15.
The under current in the market is strong as new money from both FIIs and DIIs continue to pour in spite of high valuation. Rupee has strengthened to a fresh 16 months high led by foreign inflows. Further, fall in crude prices and positive cues from GST council meeting added color to this rally.
NEXT WEEK: In the absence of major domestic and global cues, the investors will track the developments on the GST Bill.
>>> Nifty Weekly Chart <<<
>>> Click the chart to see on full screen <<<
Above is the Weekly Chart of Nifty. While all are Bullish on entire market after Price breached above 8990, I have made an alternate count here. It doesn't mean that I am totally bearish and advising to short or exit market. Discussed here is an alternative Only.
While all are singing on a same tone - I am looking for an alternative. While every one started ignoring Indicators, speaking about only the Price break out after some major events - I am still wonder why the market still making a choppy and volatile move.
In my experience - so far i have learned - market won't move in the way what the majority are thinking. Hence its very important to identify the change in trend to protect your capital and to identify forthcoming Opportunities.
As mentioned on above chart - If price able to close above the key resistance 9220-40 on weekly basis - No doubt price may move till 9500 and even 10K. But the million dollar question is, Is this so simple to predict a market like this - in such a simple way??.
>>> Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<Here in daily I have mentioned clearly how do i validate my counts. The Low 7893 was 50% of previous rally which i have taken as wave B. Current rally for wave C of B has taken 61.8% of Wave A. So Friday High 9218 is very Crucial on Weekly Basis. Totally I understood this move as a irregular ABC.
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<I have marked the above hourly chart as 1-5, might have lot of confusions and subwaves. Price firmly managed to hold 100HMA. As per the above count - Price on the last leg of 5th wave and hence may find its resistance @ 9220 - 9240 - 9280.
>>> Bank Nifty Weekly Chart <<<
Bank Nifty Breaks the Previous high and closed above, but with a Red Doji on top of the Chart - is a Concern.
>>> Bank Nifty Daily Chart <<<
Price need to trade above 21200 to reach 21500 and 22000. If breaks the wedge along with RSI - may trigger selling.
>>> Bank Nifty Hourly Chart <<<
Price need to hold 21130 to protect from 200+ correction - Key Resistance 21460-21500.
>>> BAJFINANCE - Break Or Make <<<
Its a Break or Made Move on BajFinance - Lets Wait and See.
>>> Performance till 17th March, 2017 <<<
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 <<<
Thursday, March 16, 2017
Resistance @ 9165 - 9190 - 9220 & 9240
Dear All,
>>> Nifty 5 Mins Chart <<<
Price moving ahead - may find its resistance @ 9165 - 9190 - 9220 & 9240
>>> Nifty 5 Mins Chart <<<
>>> Click the chart to see on full screen <<<
Price moving ahead - may find its resistance @ 9165 - 9190 - 9220 & 9240
Tuesday, March 14, 2017
Resistance @ 9110 - Support @ 9070 - 9040 - 9015
Dear All,
>>> Nifty 5 Mins Chart <<<
Resistance @ 9110. Support @ 9070 - 9040 - 9015
>>> DRREDDY - Daily Chart <<<
Support Line if holds - Expect a Bounce - We are Long. Cheers!!!
>>> Nifty 5 Mins Chart <<<
>>> Click the chart to see on full screen <<<
Resistance @ 9110. Support @ 9070 - 9040 - 9015
>>> DRREDDY - Daily Chart <<<
>>> Click the chart to see on full screen <<<
Support Line if holds - Expect a Bounce - We are Long. Cheers!!!
Monday, March 13, 2017
Weekly Review - 14th March, 2017
Dear All,
The US Federal Reserve is almost certain to hike rates on Wednesday but that has been fully factored in by markets abroad and in the country. So, the overwhelming victory of the Bharatiya Janata Party (BJP) in the state Assembly elections would be a big boost for the rupee, though bonds will continue to be driven by other factors, said experts.
The scale of the Bharatiya Janata Party’s (BJP) victory in Uttar Pradesh may embolden the central government to push for economic and social reforms.
Experts say that the remaining two years of the current government at the centre will see bolder initiatives than even the politically risky demonetisation move. These may include labour reforms, revisiting the issue of land acquisition and improving governance.
Some experts, however, warned that investors should not get carried away, given the shaky macroeconomic backdrop, poor earnings growth and a likely interest rate hike by the US Federal Reserve later this week.
Post elections, the market will focus on bigger events lined up like Fed action on rates, monsoon, March quarter results and GST implementation. The markets have been putting behind bigger events quite faster, as was seen in Brexit and US elections
>>> Nifty Weekly Chart <<<
So far Price unable to cross above 8990. After UP Results - SGX Nifty Rally on Monday - shows Nifty may Rally above the Key Resistance 8990. Hence our earlier counts negated and making a new count. Above weekly chart suggest a More rally possible - Provided the Daily chart also support the same - as the price was in last leg rally. So lets see whats next on daily chart also.
>>> Nifty Daily Chart <<<
9220 - 9240 can be the first Resistance.
>>> Nifty Hourly Chart <<<
Many times wrote - Hourly chart so far managed to hold 100 HMA - As per above chart - Price on 5th wave and may test resistance @ 9040 - 9080 - 9120 - 9240 & 9280.
>>> Bank Nifty Daily Chart <<<
Price may test 21200 above may travel till 22000/-
>>> Bank Nifty Hourly Chart <<<
Hourly chart - Resistance 21090 & 21200 >>> Above may test 21430 to 21500/-
>>> Performance till 10th March, 2017 <<<
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 US Federal Reserve is almost certain to hike rates on Wednesday but that has been fully factored in by markets abroad and in the country. So, the overwhelming victory of the Bharatiya Janata Party (BJP) in the state Assembly elections would be a big boost for the rupee, though bonds will continue to be driven by other factors, said experts.
The scale of the Bharatiya Janata Party’s (BJP) victory in Uttar Pradesh may embolden the central government to push for economic and social reforms.
Experts say that the remaining two years of the current government at the centre will see bolder initiatives than even the politically risky demonetisation move. These may include labour reforms, revisiting the issue of land acquisition and improving governance.
Some experts, however, warned that investors should not get carried away, given the shaky macroeconomic backdrop, poor earnings growth and a likely interest rate hike by the US Federal Reserve later this week.
Post elections, the market will focus on bigger events lined up like Fed action on rates, monsoon, March quarter results and GST implementation. The markets have been putting behind bigger events quite faster, as was seen in Brexit and US elections
>>> Nifty Weekly Chart <<<
>>> Click the chart to see on full screen <<<
So far Price unable to cross above 8990. After UP Results - SGX Nifty Rally on Monday - shows Nifty may Rally above the Key Resistance 8990. Hence our earlier counts negated and making a new count. Above weekly chart suggest a More rally possible - Provided the Daily chart also support the same - as the price was in last leg rally. So lets see whats next on daily chart also.
>>> Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
9220 - 9240 can be the first Resistance.
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Many times wrote - Hourly chart so far managed to hold 100 HMA - As per above chart - Price on 5th wave and may test resistance @ 9040 - 9080 - 9120 - 9240 & 9280.
>>> Bank Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
Price may test 21200 above may travel till 22000/-
>>> Bank Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Hourly chart - Resistance 21090 & 21200 >>> Above may test 21430 to 21500/-
>>> Performance till 10th March, 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
Thursday, March 09, 2017
"EXIT" Poll Vs Nifty
Dear All,
Markets have been consolidating and moving in a tight range ahead of the outcome of the assembly poll outcome in key states of Punjab, Uttar Pradesh (UP), Goa, Uttarakhand and Manipur – to be announced on March 11. Analysts say the outcome could create distractions (or positives) for the government and will be interpreted as a referendum on the government’s demonetisation drive.
Results of exit polls for Assembly elections in five states indicate that the election results, especially of the biggest state Uttar Pardesh, can result in a drastically changed political landscape of the country. They can not only usher in major changes within parties but also radically change political future of many leaders. Most exit poll results show the Bharatiya Janata Party (BJP) gaining; the Congress, Samajwadi Party (SP) and Bahujan Samaj Party losing; and Aam Aadmi Party making major gains even if it does not win in Punjab and Goa.
Incidentally, Samajwadi Party chief Akhilesh Yadav had on Tuesday had said that he would be willing to host BSP chief Mayawati for tea. On Thursday, Yadav told BBC that in the eventuality of a hung assembly he was not averse to a tie-up with the BSP. Mayawati and Mulayam Singh Yadav had a pre-poll alliance in 1993, which enabled them to jointly defeat the BJP in the wake of the Ram Janmabhoomi movement, but have been sworn enemies ever since the infamous 'Guest House' incident in 1995.
If the BJP triumphs in UP, the PM can justifiably claim it to be a referendum in favour of his November 8 demonetisation decision. A favourable electoral verdict, say sources, will embolden his government to go after tax evaders and complete the unfinished agenda of demonetisation.
The electoral victories would also help BJP emerge the largest party in the Rajya Sabha in 2018, and reach closer to the majority mark. The lack of numbers in the Rajya Sabha has hobbled the Modi government in its efforts to push through some of its legislative agenda.
>>> Nifty Hourly Chart <<<
Price trying for a break out again, will the Exit Polls can make it. If so another round of rally possible before the actual results.
>>> INFY - We have short Position <<<
Shorted and Holding for good correction.
>>> PFC - Holding Long for UPmove <<<
Holding long for a rally if manage to hold the channel support as shown on above chart. Cheers!!!
Markets have been consolidating and moving in a tight range ahead of the outcome of the assembly poll outcome in key states of Punjab, Uttar Pradesh (UP), Goa, Uttarakhand and Manipur – to be announced on March 11. Analysts say the outcome could create distractions (or positives) for the government and will be interpreted as a referendum on the government’s demonetisation drive.
Results of exit polls for Assembly elections in five states indicate that the election results, especially of the biggest state Uttar Pardesh, can result in a drastically changed political landscape of the country. They can not only usher in major changes within parties but also radically change political future of many leaders. Most exit poll results show the Bharatiya Janata Party (BJP) gaining; the Congress, Samajwadi Party (SP) and Bahujan Samaj Party losing; and Aam Aadmi Party making major gains even if it does not win in Punjab and Goa.
Incidentally, Samajwadi Party chief Akhilesh Yadav had on Tuesday had said that he would be willing to host BSP chief Mayawati for tea. On Thursday, Yadav told BBC that in the eventuality of a hung assembly he was not averse to a tie-up with the BSP. Mayawati and Mulayam Singh Yadav had a pre-poll alliance in 1993, which enabled them to jointly defeat the BJP in the wake of the Ram Janmabhoomi movement, but have been sworn enemies ever since the infamous 'Guest House' incident in 1995.
If the BJP triumphs in UP, the PM can justifiably claim it to be a referendum in favour of his November 8 demonetisation decision. A favourable electoral verdict, say sources, will embolden his government to go after tax evaders and complete the unfinished agenda of demonetisation.
The electoral victories would also help BJP emerge the largest party in the Rajya Sabha in 2018, and reach closer to the majority mark. The lack of numbers in the Rajya Sabha has hobbled the Modi government in its efforts to push through some of its legislative agenda.
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Price trying for a break out again, will the Exit Polls can make it. If so another round of rally possible before the actual results.
>>> INFY - We have short Position <<<
>>> Click the chart to see on full screen <<<
Shorted and Holding for good correction.
>>> PFC - Holding Long for UPmove <<<
>>> Click the chart to see on full screen <<<
Holding long for a rally if manage to hold the channel support as shown on above chart. Cheers!!!
Wednesday, March 08, 2017
Support @ 8900 - 8860 - 8800
Dear All,
>>> Nifty Hourly Chart <<<
Price again got support from 100 HMA - Now 8900,8860 and 8800 Remains as a good support for Bull.
>>> CAIRN INDIA - Profit Booked Rs.31500/- <<<
We shorted Cairn India @ 293 and have booked our Short with Rs.31,500. Above chart shows the Wedge have broken - and fall may continue. We have no Position Now.
>>> AUROPHARMA - Possible Break Out - We are Long <<<
We are long and looking for a break out above the wedge - Lets See. Cheers!!!
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Price again got support from 100 HMA - Now 8900,8860 and 8800 Remains as a good support for Bull.
>>> CAIRN INDIA - Profit Booked Rs.31500/- <<<
>>> Click the chart to see on full screen <<<
We shorted Cairn India @ 293 and have booked our Short with Rs.31,500. Above chart shows the Wedge have broken - and fall may continue. We have no Position Now.
>>> AUROPHARMA - Possible Break Out - We are Long <<<
>>> Click the chart to see on full screen <<<
We are long and looking for a break out above the wedge - Lets See. Cheers!!!
Saturday, March 04, 2017
Weekly Review - 06th March, 2017
Dear All,
A surprisingly positive gross domestic product (GDP) growth data and globally US President Donald Trump’s non-combative speech to Congress may have taken the market to two-year high on the fourth trading day, the benchmark indices snapped five-week long gaining spree to end in red terrain as investors preferred to book profits ahead of the US Federal Reserve’s policy meeting on March 14-15 and back home state election results due on March 11.
To the surprise of economists and market participants, the Central Statistic Office (CSO) on Tuesday showed that GDP expanded by 7% in the third quarter, belying all fears of the demonetisation derailing economic activity. The pace of the growth, however, slowed from 7.4% logged in the September quarter, but CSO retained its first advance growth estimate for the entire financial year 2016-17 at 7.1%.
Meanwhile, Nikkei India Manufacturing Purchasing Managers’ Index (PMI) inched up to 50.7 in February from 50.4 in January, while Nikkei India Services PMI stood at 50.3 in February, up from 48.7 registered in January.
The US Federal Reserve looks set to hike interest rates in its next policy meeting on March 14-15 as leading policymakers including Chair Janet Yellen indicating the global economy seemed to have turned a corner, clearing the way for a rate hike “fairly soon”.
Yellen, in a speech on Friday signaled the Fed is set to raise interest rates this month if employment and other economic data hold up. She also said rates are likely to rise faster this year.
Traders now have priced in about an 85% chance of a hike during the March 14-15 policy-setting meeting, according to Thomson Reuters data. Those chances stood at roughly 30% at the start of the week.
>>> Nifty Weekly Chart <<<
Price must cross above the trend line to confirm the bulls march.
>>> Nifty Daily Chart <<<
8860 Supported Friday - though RSI gave a Sell Signal - Still Price need to confirm.
>>> Nifty Hourly Chart <<<
100 HMA so far or Even on Friday saved Bulls.
>>> Bank Nifty Weekly Chart <<<
If this is a Dark Cloud Cover - its a Warning sign from bear !!!
>>> Bank Nifty Daily Chart <<<
Price yet to break the trend line to support bear.
>>> Bank Nifty Hourly Chart <<<
Price need to hold 20460 for any strength to Bulls, else bear may gain strength again.
>>> CNX-IT - Daily <<<
We are advising Short on IT Nifty since last several days. Below news about H1B Visa Suspension may trigger a sell off in IT Index and Stocks Next Week.
The US government has temporarily suspended issuing premium H1B visas with effect from April 3, 2017. The US Citizenship and Immigration Services (USCIS) notification, however, said the pending applications for premium H1B visas and the ones filed before April 3 will be processed.
"The temporary suspension applies to all H1B petitions filed on or after April 3, 2017. Since FY18 cap-subject H1B petitions cannot be filed before April 3, 2017, this suspension will apply to all petitions filed for the FY18 H-1B regular cap and master’s advanced degree cap exemption,” noted in the USCIS ruling.
This means that the IT services firms cannot send their employees on urgent project requirement after April 3, thereby impacting their quarterly business numbers.
While US President Trump had called for tougher immigration laws for technology companies, and had threatened to impose taxes on companies that moved work offshore, in his first State of the Union address to a joint session of the US Congress last week, he proposed for having a merit-based immigration system like Canada, Australia and other nations.
>>> BHARATFIN - Posted on 27th Feb, 2017 <<<
Posted on 27th Feb, 2017 We have shorted BhartFin. See what happened.
>>> BHARATFIN - Booked Profit Rs.14000/- <<<
Booked 14K and mentioned that Price may fall more, if breaks below the channel as shown on chart. As mentioned price tested 757 low.
>>> BIOCON - Posted on 28th Feb, 2017 <<<
Posted on 28th Feb, 2017 - Biocon may correct badly.
>>> BIOCON - Booked Profit Rs.30,000/- <<<
Biocon - Booked Profit Rs.30,000/-
>>> JETAIRWAYS - Posted on 01st March, 2017 <<<
Posted on 01st March, 2017 - Price may correct.
>>>> JETAIRWAYS - Booked Profit Rs.22000/- <<<<
Booked Profit Rs.22000/-
>>> GRANULES - Booked Profit Rs.30,000/- on Short <<<
Shorted and Booked Profit Rs.30,000/-
>>> SBIN - Posted on 02nd March, 2017 <<<
Posted on 02nd March, 2017 for a Correction.
>>> SBIN - Booked Profit Rs.21000/- <<<
Booked Profit Rs.21000/-
>>> Performance for March month till 03rd March, 2017 <<<
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 queries about our services to niftyforall@yahoo.com or whatsapp @ 9677924975
A surprisingly positive gross domestic product (GDP) growth data and globally US President Donald Trump’s non-combative speech to Congress may have taken the market to two-year high on the fourth trading day, the benchmark indices snapped five-week long gaining spree to end in red terrain as investors preferred to book profits ahead of the US Federal Reserve’s policy meeting on March 14-15 and back home state election results due on March 11.
To the surprise of economists and market participants, the Central Statistic Office (CSO) on Tuesday showed that GDP expanded by 7% in the third quarter, belying all fears of the demonetisation derailing economic activity. The pace of the growth, however, slowed from 7.4% logged in the September quarter, but CSO retained its first advance growth estimate for the entire financial year 2016-17 at 7.1%.
Meanwhile, Nikkei India Manufacturing Purchasing Managers’ Index (PMI) inched up to 50.7 in February from 50.4 in January, while Nikkei India Services PMI stood at 50.3 in February, up from 48.7 registered in January.
The US Federal Reserve looks set to hike interest rates in its next policy meeting on March 14-15 as leading policymakers including Chair Janet Yellen indicating the global economy seemed to have turned a corner, clearing the way for a rate hike “fairly soon”.
Yellen, in a speech on Friday signaled the Fed is set to raise interest rates this month if employment and other economic data hold up. She also said rates are likely to rise faster this year.
Traders now have priced in about an 85% chance of a hike during the March 14-15 policy-setting meeting, according to Thomson Reuters data. Those chances stood at roughly 30% at the start of the week.
>>> Nifty Weekly Chart <<<
>>> Click the chart to see on full screen <<<
Price must cross above the trend line to confirm the bulls march.
>>> Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
8860 Supported Friday - though RSI gave a Sell Signal - Still Price need to confirm.
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
100 HMA so far or Even on Friday saved Bulls.
>>> Bank Nifty Weekly Chart <<<
>>> Click the chart to see on full screen <<<
If this is a Dark Cloud Cover - its a Warning sign from bear !!!
>>> Bank Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
Price yet to break the trend line to support bear.
>>> Bank Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Price need to hold 20460 for any strength to Bulls, else bear may gain strength again.
>>> CNX-IT - Daily <<<
>>> Click the chart to see on full screen <<<
We are advising Short on IT Nifty since last several days. Below news about H1B Visa Suspension may trigger a sell off in IT Index and Stocks Next Week.
The US government has temporarily suspended issuing premium H1B visas with effect from April 3, 2017. The US Citizenship and Immigration Services (USCIS) notification, however, said the pending applications for premium H1B visas and the ones filed before April 3 will be processed.
"The temporary suspension applies to all H1B petitions filed on or after April 3, 2017. Since FY18 cap-subject H1B petitions cannot be filed before April 3, 2017, this suspension will apply to all petitions filed for the FY18 H-1B regular cap and master’s advanced degree cap exemption,” noted in the USCIS ruling.
This means that the IT services firms cannot send their employees on urgent project requirement after April 3, thereby impacting their quarterly business numbers.
While US President Trump had called for tougher immigration laws for technology companies, and had threatened to impose taxes on companies that moved work offshore, in his first State of the Union address to a joint session of the US Congress last week, he proposed for having a merit-based immigration system like Canada, Australia and other nations.
>>> BHARATFIN - Posted on 27th Feb, 2017 <<<
>>> Click the chart to see on full screen <<<
Posted on 27th Feb, 2017 We have shorted BhartFin. See what happened.
>>> BHARATFIN - Booked Profit Rs.14000/- <<<
>>> Click the chart to see on full screen <<<
Booked 14K and mentioned that Price may fall more, if breaks below the channel as shown on chart. As mentioned price tested 757 low.
>>> BIOCON - Posted on 28th Feb, 2017 <<<
>>> Click the chart to see on full screen <<<
Posted on 28th Feb, 2017 - Biocon may correct badly.
>>> BIOCON - Booked Profit Rs.30,000/- <<<
>>> Click the chart to see on full screen <<<
Biocon - Booked Profit Rs.30,000/-
>>> JETAIRWAYS - Posted on 01st March, 2017 <<<
>>> Click the chart to see on full screen <<<
Posted on 01st March, 2017 - Price may correct.
>>>> JETAIRWAYS - Booked Profit Rs.22000/- <<<<
>>> Click the chart to see on full screen <<<
Booked Profit Rs.22000/-
>>> GRANULES - Booked Profit Rs.30,000/- on Short <<<
>>> Click the chart to see on full screen <<<
Shorted and Booked Profit Rs.30,000/-
>>> SBIN - Posted on 02nd March, 2017 <<<
>>> Click the chart to see on full screen <<<
Posted on 02nd March, 2017 for a Correction.
>>> SBIN - Booked Profit Rs.21000/- <<<
>>> Click the chart to see on full screen <<<
Booked Profit Rs.21000/-
>>> Performance for March month till 03rd March, 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.
>>> N4A - Services <<<
>>> Click the image to see on full screen <<<
Send your queries about our services to niftyforall@yahoo.com or whatsapp @ 9677924975
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