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Thursday, October 05, 2017

Support @ 9885. Resistance @ 9946

Dear All,

>>> Nifty Hourly Chart <<<

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

Price if breaks again below 9885 - may test 9850 - 9815 - 9790. Cheers!!!

Wednesday, October 04, 2017

Above 9330 > More Rally till 9990

Dear All,

>>> Nifty Hourly Chart <<<

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

Booked Out Long with 180 Points Profit. Above 9930 may trigger rally till 9990, Else may correct. Cheers!!!

Monday, October 02, 2017

Weekly Review - 03rd Oct, 2017

Dear All,


Foreign investors are turning their back on Indian shares as they pulled out over Rs 11,000 crore from stocks in September due to geopolitical concerns, a slowdown in corporate earnings and higher valuations.

The net outflow by foreign portfolio investors (FPIs) follows the withdrawal of Rs 12,770 crore from equities in August. Prior to that, they had pumped in over Rs 62,000 crore in the past six months (February to July).

According to the latest depository data, the FPIs withdrew a net Rs 11,392 crore (USD 1.75 billion) in September. However, they pumped in Rs 4,430 crore in debt markets during this period.

After taking into account the latest outflow, the total investment by the FPIs in equity markets stood at Rs 34,350 crore (about USD 5.2 billion) so far this year.

Slowing growth in corporate earnings coupled with high valuations and strength in the US Dollar leading to weakness in the rupee might have led to selling by FPIs.

Besides, India's GDP growth slowed to 5.7 per cent in the first quarter of 2017-18 amid concerns over disruption in business activity due to issues in GST implementation.

Further, corporate earnings registered a negative growth in the same quarter, pushing back recovery and heightening concerns on expensive valuation.


RBI policy review: Will it surprise :-

The fourth bimonthly rate-setting meeting of the financial year of RBI’s Monetary Policy Committee (MPC) is scheduled for October 3-4. With inflation firming up and the rupee coming under pressure, many economists feel the central bank will vote to keep the repo rate unchanged at 6 per cent.

Auto stocks await festive sales report :-

Shares of auto companies are likely to stay in focus in the coming week as they will start releasing their monthly sales numbers for September starting October 1, 2017. Automakers put up a stellar show in August. With festive fervour all around, the figures for September are likely to be robust too.

Macro data may spoil the mood :-

A slew of economic data due next week will play a crucial role in market’s movement. Reeling under the pathetic GDP growth rate of 5.7 per cent and huge selloff by foreign investors, the market really needs some major positive news and trigger to get back to its rhythm.

However, at this point of time, it looks like a far-fetched thing as the fiscal deficit touched 96.1% of the Budget estimate for FY18 at the end of August as the government kept its foot on the spending pedal to support the economy while revenues came in at their usual modest pace in the opening months of the financial year.

Nikkei India PMI Manufacturing and Nikkei India PMI Services data for September are slated to release on Oct 3 and Oct 5, respectively. Geopolitical tensions, rupee movement and crude prices will also play a key role in determining market’s course during the next week.

>>> Nifty Daily Chart <<<

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

Break below 9685 or 9650 may trigger more fall. Else Rally to resume again.

>>> Nifty Hourly Chart <<<

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

Support 9775 - 9760 if holds - May test Resistance @ 9880 & 9940.

>>> Bank Nifty Daily Chart <<<

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

Price Need to hold the channel for Rally - Else Fall to continue.

>>> Bank Nifty Hourly Chart <<<

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

Break below 23375 - Fall to continue. Above 24240 - Rally to continue.

>>> CNX - PSUBANK - Daily Chart <<<

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

PSU BANK Index may bounce back if holds the support. Watch all PSU Bank Stocks.

>>> SBIN - Hourly Chart <<<

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

We are Long and Hoping for a Recovery.


>>> CNXPHARMA - Hourly Chart <<<

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

9000 Support if Holds - More Rally Again.

>>> DRREDDY's Lab - Hourly Chart <<<

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

Trend Line support - If holds - Expect More Rally.

>>> CNXMetal Index Chart - Hourly Chart <<<

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

Metal looks for rally above 3570 to fill the gap left above till 3640. Watch All Metal Stocks.

>>> CNXIT Index - Daily Chart <<<

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

Price broken down shows - Correction possible.

>>> Performance for the month end of Sep 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 - Whatsapp <<<






Thursday, September 28, 2017

9700 If breaks Again - Fall to continue

Dear All,


>>> Nifty Daily Chart <<<

>>> Click the chart to see on full screen <<<
If this analysis - goes wrong - Price will again Break below 9700 and may take a fresh low with Heavy Selling.

>>> Nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<
335 Correction - if goes wrong - More correction to come in, Else Bulls will roar again. Cheers!!

>>> N4A & Whatsapp <<<'

Monday, September 25, 2017

Support @ 9815. Resistance @ 9890 - 9940 - 9980

Dear All,

>>> Nifty Hourly Chart <<<

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

Break below 9815 may test 9730 or below. Resistance @ 9890 - 9940 - 9980.

>>> RECLtd - Hourly Chart - We are Long <<<

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

We are Long, Above channel - Break Out and Rally Possible. Cheers!!!

Sunday, September 24, 2017

Weekly Review - 25th September 2017

Dear All,


The market had started the previous week on a strong note, with the Nifty hitting a record high of 10,178.95 (on September 19). However, the sell-off in the later part of the week (especially on Friday when it lost 1.5 percent) wiped out those gains and the index ended the week below the psychological 10,000-mark, with a 1.2 percent loss on likely another hydrogen bomb test by North Korea and after S&P downgraded China's credit rating.

After this correction, the market may see some bounce-back amid consolidation initially in the coming week. But the rally may not be sustainable due to ongoing geopolitical tensions between the US and North Korea. Now, Iran also successfully tested its new medium-range missile despite warnings from Washington.

Apart from the above factors, FII trend, monsoon update and currency movement will also remain on the participant. Major fall is unlikely in the coming week, unless geopolitical tensions are intensified.

North Korea :-

North Korea's reply to the US Trump's tweet on Thursday saying it may consider testing a hydrogen bomb in the Pacific Ocean hit market sentiment globally.

So investors will closely watch developments in North Korea.

Experts feel this North Korea tension will remain the main factor to watch out for, at least till it subsides completely.

Meanwhile, China on Saturday said it would limit oil exports to North Korea under UN sanctions over its nuclear and missile development. The world's second largest economy will also ban textile imports from the North.

Rupee :-

On Friday, fiscal woes due to reports of likely government's stimulus to revive economy caused selling pressure in the rupee on last Friday morning. However, it recovered all its losses in the later part of the session to end flat due to RBI's intervention, and selling of dollars by exporters & banks.

Many experts feel if the government gives stimulus then the FY18 target for fiscal deficit may not be achieved.

"A stimulus can potentially increase the central government's fiscal deficit to 3.5-3.7 percent of GDP in FY18, from the budgeted 3.2 percent target (3.5 percent of GDP achieved in FY17), depending on the size of the stimulus (0.3-0.5 percent of GDP). This would be a setback to the fiscal consolidation momentum that was endured through the past few years," Deutsche Bank said.

Macro data :-

The macro economic data on infrastructure output for August and foreign exchange reserves for the week ended September 22 (which already crossed USD 400 billion in previous week) will be released on Friday after market hours.

India’s budget balance; external debt for the quarter ended June 2017; deposit growth; and bank loan growth data will also be announced on Friday after market hours.

Global cues :-

Japan's Manufacturing PMI for September will be released on Monday while Bank of Japan will announce minutes of the monetary policy committee meeting on Tuesday.

In US, new home sales data for August will be declared on Tuesday and final GDP data for Q2 on Thursday.


>>> Nifty Daily Chart <<<

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

Still ABCDE on Focus and if the channel breaks - may invalidate the count. Serious Correction Possible.

>>> Nifty Hourly Chart <<<

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

On Hourly Chart - Some Hope left for Bulls - If 9948 or 9925 holds - a Recovery can be Strong.

>>> Bank Nifty Daily Chart <<<

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

Capital inadequacy - Bond Sell Off - Weaness in Rupee - Slowdown in Growth - Leads to Banking Space Sell off. New Policy announcement from govt. may trigger movement on both side. Price already out of the channel shows the serious Warning from Bear. 24330 & 24220 Plays an important role to Bulls.

>>> Bank Nifty Hourly Chart <<<

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

Gaps are getting filled. Lets wait for clarity next week.

>>> CNXPSUBank - Daily Chart <<<

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

Watch PSU Banking Space - for a Make or Break Move next Week.

>>> SBIN - Hourly Chart - Posted on 16th Sep, 2017 <<<

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

Wrote on above Post - Price may correct if breaks the support.

>>> SBIN - Hourly Chart <<<

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

Almost near the support if holds - may come back again.

>>> CNXPHARMA - Daily Chart <<<

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

Pharma Index might consolidate or correct after making a stunning rally. Watch all Pharma Stocks for consolidation.

>>> DRReddy Daily Chart - Posted on 13th Aug, 2017 <<<


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

Posted on 13th Aug - Weekly Review - Price near 2000 - Mentioned as a Turn Around Story for DrReddy. See What happened.

>>> DRReddy Daily Chart - 500 Points Rally so far <<<

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

Expect some consolidation before further rally. Support @ 2445 - 2395 - 2350. Resistance @ 2500. Congrats for those who made a Stunning Profit.

>>> CNXIT - Daily Chart - Posted on 16th Sep, 2017 <<<

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

Wrote - Support 10420 as Support.

>>> CNXIT - Daily Chart > Next Possible Rally <<<

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

Possible for a Triangle Break out if 10420 Support HOlds.

>>> NIFTY - MidCap50 - Hourly Chart <<<

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

Price must hold 4770 & 4710 for a Pull Back Rally.

>>> CNXMetals Hourly Chart <<<

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

Metal Stocks should hold 3480 & 3460 for a Pull back rally, Else sell to continue.

>>> Performance till 22nd Sep, 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 on WhatsApp <<<

Thursday, September 21, 2017

Support @ 10080 - 10060 - 10040

Dear All,

>>> Nifty Hourly Chart <<<

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

If Support breaks below 10080-10060-10040 > More fall likely. Bulls must cross above 10130 for Testing 10180.

>>> Bank Nifty Hourly Chart <<<

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

If 24740 or Channel Support holds - Expect a Rally again.

>>> CNXPharma -Hourly Chart - Posted Last Weekly Review <<<

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

Wrote last weekly Review - Pharma may Rally 300 Points if crosses above 9395. Told to Watch Pharma Stocks also.

>>> CNXPharma - More Rally Possible <<<

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

Price almost tested 9663 almost 700 points rally made. Today was a day for Pharma Stocks. More Rally possible if Price breaks above the Falling wedge.

>>> MCDowell - Hourly Chart - Posted Yesterday <<<

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

Posted Yesterday - We have shorted as shown on above chart.

>>> McDowell - Hourly Chart - Booked Profit Rs.22500/- <<<

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

We have Booked our Shorts today with Rs.22500/- More Fall likely if breaks below the support line shown on chart.

>>> N4A on Whatsapp <<<

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

Send Request with your Name.

Wednesday, September 20, 2017

Support @ 10130 If breaks may test 10115 & 10100.

Dear All,

>>> Nifty Hourly Chart <<<

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

Below 10130 - May test 10115 or 10100.

>>> MCDOWELL-N - Hourly Chart - We have Short Position <<<

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

We have Short Position and Looking for more correction as per above chart. Cheers!!!

Monday, September 18, 2017

Support @ 10140 - 10125 - 10110. Resistance @ 10170 & 10200

Dear All,

>>> Nifty Hourly Chart <<<

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

We have booked our Profit with 100 Points.

>>> BankBaroda - Posted on 12th Sep, 2017 <<<

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

Posted on 12th Sep, 2017 - BOB is a Break Out.

>>> BankBaroda - Booked Rs.35000/- Profit today <<<
>>> click the chart to see on full screen <<<

Booked Profit Rs.35000/- today. Above 149 - Next Resistance @ 151.