CNX Pharma - OutLook - What's Next ???

Dear All,

>>> CNX - Pharma - Index Out Look <<<

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

8635 & 8780 Remains as a Strong Support. Pharma Index indicates a Revival in this Sector soon. Cheers!!!

Resistance @ 9630 - 9680 - 9700

Dear All,

>>> Nifty Hourly Chart <<<

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

Price may Resist at 9630 - 9680 - 9700.

Key Resistance 9680

Dear All,

>>> Nifty Daily Chart <<<

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Moving towards 9680.

>>> Bank Nifty Daily Chart <<<<

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Resisted @ 23460. Caution Advised.

>>> CIPLA - We Have Long Position <<<

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

We are Long in CIPLA - waiting for More rally. Cheers!!!

Weekly Review - 29th May, 2017

Dear All,

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

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Last Week wrote - Above 9530 - Next Move till 9680.

>>> Nifty Daily Chart <<<

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

As mentioned last week Price moving towards 9680, after breaking above 9530.

>>> Nifty Hourly Chart <<<

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Price should cross above key resistance 9600 for next move till 9680.

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

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Posted on Last Weekly Review - Price may test 23460, if crosses above 23020.

>>> Bank Nifty Daily Chart <<<

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Above 23020 > Next Move till 2460.

>>> TataMotors - Booked Rs.20,000/- Profit <<<

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Booked Rs.20,000/- Profit.

>>> CanBK - Booked Profit Rs.40,000/- <<<

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Booked Rs.40,000/- Profit.

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

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We are Long and Holding for a Good Rally.

>>> Adani Power - What's Next After a Bad Results - We are Long <<<

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

Adani Power - Fell down from 46.35 to 27.30 - almost 40% after supreme court turned down the company’s compensatory tariff proposal for Mundra plant against the increased imported coal cost from Indonesia.
Hope the 40% fall - almost priced in the Negative News. So what's Next for the Stock ??
There can be an improvement in the business environment due to allocation of Coal linkage under the new policy Shakti or the Scheme to Harness and Allocate Koyla (Coal) will allow the company to access domestic coal, and do away with the need for compensatory tariffs for our power plants going forward.
Technically 27.30 is a Good Support and if the price holds, Expect a Good Bounce from here onwards. We are Long.

>>> Performance for the month end of May 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

Above 9520 > Next Rally till 9580 & 9680

Dear All,

>>> Nifty Hourly Chart <<<

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

Excellent Rally on Expiry day - Filled the gap on top. Price should cross above 9520 or 9532 for a rally towards 9580 and 9680.

>>> CANBK - Rally Possible if Break's Out <<<

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We are Long and waiting for a valid break out above the wedge.

>>> TataMotors - Posted on 23rd May, 2017 <<<

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Posted Previous day to Results on 23rd May, 2017 - as Price on a Break Out.

>>> TataMotors - Booked Profit Rs.20,000/- <<<

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Booked Rs.20,000/- Cheers!!!

Below 9340 - More Correction Likely

Dear All,

>>> Nifty Hourly Chart <<<

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

Price may correct more if breaks below 9340 today's Low.

>>> Tata Motors = Posted Yesterday <<<

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Posted Yesterday - Price may rally - If Results are Good.

>>> Tata Motors - Holding Long <<<

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Price made a Clear Break out - Shows more rally ahead. We are Holding our Long. Cheers!!!

Below 9367 may test 9270

Dear All,

>>> Nifty Hourly Chart <<<

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Support 9367 if breaks may test next support below 9270, Else Price may try to bounce back again.

>>> TataMotors - Will the Break Out Sustain After Results <<<

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Looks like a Break Out - if manages to cross above 50DMA - Expect Rally and Short Covering.

Weekly Review - 22nd May, 2017

Dear All,

GST Blues :-

While the rates prescribed by the Goods and Services Tax (GST) council are a mixed bag for India Inc, some segments such as adhesives, coal and lignite, hair oil, luxury cars, soaps, two-wheelers, and toothpaste are expected to benefit from lower duties. On the other hand, manufacturers of chocolates, paints, sanitary ware and white goods will be adversely affected due to higher taxes. The ET Intelligence Group analyses sector-wise impact of the GST rate structure.

Events of the Week :-

GST rates are finally fixed. In general, they are non-inflationary and fair to the pockets of a vast majority of population. The rates are progressive, which will go a long way in reducing income inequality and promoting inclusive growth in the economy. The setting up of an investigation committee headed by former FBI Director Mueller to look into the charges of Russian interference during Trump’s Presidential campaign would be significant for global financial markets. If the charges are proved, then an impeachment would become certain, leading to massive selloffs in the US markets as was the case during President Richard Nixon in 1974, when the market had fallen 25 per cent after he resigned in August 1974 fearing an imminent impeachment.

>>> Nifty Daily Chart <<<

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

Price Resisted @ 9530, if able to Cross above, May see 9680 Soon.

>>> Nifty Hourly Chart <<<

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

9390 was a Good Support. We have advised our Clients to go Long with 9390 SL for 9680.

>>> Bank Nifty Daily Chart <<<

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

Price must cross above 23020 for another 450 points rally.

>>> CNXIT Daily Chart <<<

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Key Resistance 10700, If not crossed - Expect a good correction.

>>> HINDZINC - Holding Long <<<

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

Holding our Long as per chart.

>>> Performance till 19th May, 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

Below 9450 > Next Support @ 9360

Dear All,

>>> Nifty Hourly Chart <<<

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

Looks like a Wedge - Broken down. Below 9450 may test 9360.

>>> CNX-IT - Daily Chart <<<

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Price Resisted @ 10700 - Shows a Possible Correction.

>>> HindZinc - Booked Loss Today <<<

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We Booked Loss today. Price Violated 245, and if continues to trade below, may trigger more fall.

>>> PCJEWELLER - Booked Profit Rs.15000/- <<<

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Booked Profit Rs.15000/-. Possibly price may continue to fall as above chart. Cheers!!!

Above 9450 Price may Test 9560

Dear All,

>>> Nifty Hourly Chart <<<

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

Price crossed above 9460 and 9500 may test 9560.

>>> HindZinc - We are Long Again <<<

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We are Long again. Hope 250 Support Holds - for a Possible Rally.

>>> Apollo Tyre - Booked Profit Rs.18000/- <<<

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

We Booked Profit in Apollo Tyre today @ 234 with Rs.18000/- Profit. Possibly price may test 236 - 239 - 243. Cheers!!!

Weekly Review - 15th May, 2017

Dear All,

Following are the major factor in determining market movement in the coming week.

Economic indicators :-
The two key economic numbers –IIP and inflation – which were released on Friday after market hours are likely to have a bearing on the domestic stock market when it opens for trading on Monday. The CPI-based inflation dropped to a multi-year low of 2.99 per cent in April, putting pressure on RBI to cut interest rate after it took a hawkish stance in last policy review, citing upside risk to prices. Retail inflation stood at 5.47 per cent in April 2016.

On similar lines, the wholesale price index (WPI)-based inflation slipped to a four-month low of 3.85 per cent in April, as both food articles and manufactured items showed cooling in prices.

However, the industrial output data dampened the spirits as the numbers slipped to a four-month low contracting 1.2 per cent in February because of a decline in the manufacturing sector and lower offtake of capital as well as consumer goods, said a PTI report.

The Index of Industrial Production (IIP) had registered a 1.99 per cent growth in February last year. This apart, the government is expected to announce trade data for April on Monday (May 15).

Global cues :-
On the global front, China’s industrial production data for March 2017 is scheduled for release on Monday. US industrial production data for April 2017 is likely to be announced on Tuesday. Japan’s industrial production data for March 2017 is expected on Wednesday and the US initial jobless claims for the week ended May 12, 2017, is coming out on Thursday i.e. May 18.

>>> Nifty Daily Chart <<<

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

Above chart waved as 1-5, Need to confirm the end of 5th wave. Possibilities of extension can't be ruled out.

>>> Nifty Hourly Chart - Posted on 11th May, 2017 <<<

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

Posted - as the Price Resisted @ 9450.

>>> Nifty Hourly Chart - What's Next <<<

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As expected Price took support @ trend line, a break below, may trigger more correction.

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

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

Bank Nifty posted last weekly review - 22920 as a Key Resistance.

>>> Bank Nifty Daily - What's Next <<<

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

22920 tested might be an end for wave 3. If the analysis is not wrong - expect a good correction.

>>> Nifty-IT - Hourly Chart <<<

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CNX-IT Looks like some more bullishness left, Possibly may test 10437 & 10580. We Have no Position.

>>> HindZinc - Booked Rs.32000/- <<<

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Booked Rs.32000/-, Though We may re-enter again as per movement.

>>> Tata Elxsi - Daily Chart - We are Long <<<

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We are Long for a Good Rally.

>>> Performance till 12th May, 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