NiftyforAll

Wednesday, October 11, 2017

Broken Down. Support @ 9922 - 9877 - 9830

Dear All,

>>> Nifty Hourly Chart <<<

Price broken down the wedge and trading below support 9977. Possibly may test 9922 - 9877 - 9830.

>>> NIFTY IT - Posted on Weekly Review <<<

Posted on Weekly Review - IT Index on Break Out mode.

>>> NIFTY IT - More Rally Above 10820 <<<

More Rally above 10820 - May test 10930 and 11040. We are Holding Long.

>>> TCS Daily Chart <<<

Above 2520 may test 2580. We are Long.

>>> MC-Dowell - Hourly Chart <<<

We are Long. Resistance 2415 and 2450. Cheers!!!

Tuesday, October 10, 2017

Resistance @ 10040 & 10060

Dear All,

>>> Nifty Hourly Chart <<<

Resistance 10040 and 10060 if manages to cross above may test 10140.

>>> DrReddy - Hourly Chart - Posted on 01st Oct, 2017 <<<

Posted on 01st Oct, 2017 that we are long and Resistance @ 2420.

>>> DrReddy - Booked Profit Rs.18,000/- <<<

Booked Profit Rs.18000/- Cheers!!!

Sunday, October 08, 2017

Weekly Review - 09th Oct, 2017

Dear All,

The domestic equity market bounced back during the week gone by on the back of positive global clues, especially those emanating from the US. The massive tax rate cuts proposed on corporate earnings from 35 per cent to 20 per cent have raised hope of accelerated earnings growth in the US economy, the repercussions of which were felt on the rupee.

Relenting to public backlash due to high diesel and petrol prices, the government has finally reduced the fuel prices by Rs 2. Ironically, the diesel price is current hovering at an all-time high even though crude prices stood around the $60 mark, which is way below their peak price of $130 a barrel seen about a decade ago. This anomaly between all-time high diesel prices and low crude oil prices has caused a lot of anger among the public, forcing the government to respond positively at last.

GST :-

The Street could react to the latest developments that took place on the GST front post market hours on Friday. The Goods and Services Tax (GST) Council on Friday cut rates on 27 items and 12 services, and approved sweeping changes in rules to soothe frayed nerves of millions of small enterprises and exporters that have been battling with procedural irritants, delayed refunds and technical glitches on returns filing. The Finance Minister Arun Jaitley-headed panel pushed for big changes in its 22nd meeting to iron out rough edges of the new tax system that has been hit by multiple pain points since it was rolled out on July 1.

The Council relaxed return filing rules for small and medium enterprises (SMEs), deferred the controversial reverse charge mechanism (RCM) till March 31, 2018, and hastened tax refunds for exporters battling cash crunch. Jaitley said that the annual turnover threshold on the composition scheme has been raised from Rs 75 lakh to Rs 1 crore.

Economic Data :-

The government next week will announce economic data such as index of industrial production (IIP) as well as CPI inflation. Manufacturing output, CPI and IIP data is expected on Thursday, October 11.

After lesser than expected GDP data and a weaker growth forecast, these data points become very crucial for the Street to take cues.

Global Events :-

Among larger global cues would be the minutes of the meeting held by the Federal Open Market Committee (FOMC). As such the US central bank has hinted at a rate hike this year, but the minutes would put further clarity on the direction which the bank is going to take, going forward.

Additionally, Japan would be declaring core machinery data, while US is set to declare core PPI data MoM and YoY basis. Additionally, US would also announce retail sales and CPI data.

Although this factor is already being considered by the Street, tensions between North Korea and US could also be in focus. Most recently, US President Donald Trump announced that the current situation was the calm before the storm.

Monsoon :-

A large part of the rally in the summers was on the back of hopes of good monsoon. While the country saw decent progress during monsoon, at the closure of the season, the country is set to see lower than expected rainfall.

The rainfall for southwest monsoon is 5 percent less than normal. “The distribution has been uneven, with excess rains in some parts and shortage in several other areas like Uttar Pradesh, Haryana, Punjab, Madhya Pradesh and parts of Maharashtra,” The Indian Express reported.

Quarterly Results :-

The domestic equity market seems to be gearing up for the quarterly numbers to be announced from the beginning of next week. This quarter would be the toughest and most unexpected one, wherein no one will be able to estimate the quarterly scorecard precisely. The market will, therefore, be reactive in nature, which will result in huge volatility in stock prices. That being so, the premium for options would be high compared with that in the past.

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

Posted on Last Weekly Review - Price to Rally. See what happened.

>>> Nifty Daily Chart <<<

Price almost rallied 300 Points last week alone. Now Crucial Resistance @ 9990 - If breaks above may test 10040 & 10070. Support @ 9950 - 9920 - 9875 - 9840.

>>> Nifty Hourly Chart <<<

9990 - Crucial Resistance. Fail to cross above may test 9920 - 9875 - 9840.

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

Wrote Price completed ABC for a bounce back.

>>> Bank Nifty Daily Chart <<<

As expected Price holding the Channel Support.

>>> Bank Nifty Hourly Chart <<<

Bank Nifty on a Make or break move. Above 24260 may rally, if breaks below 24000 may fall.

>>> CNX PSUBankNifty - Posted Last Weekly Review <<<

Posted Last Weekly Review - PSU Bank Index may bounce back.

>>> CNXPSUBank - Daily Chart <<<

PSUBank Index closed above 3070 > More rally if breaks the Wedge. Watch all PSU Bank Stocks for Rally.

>>> SBIN - Hourly Chart - Ready to Rally <<<

We are Long and Expecting a Good bounce.

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

Mentioned Support @ 10430, Not broken still.

>>> CNXIT - Daily Chart - Possible Break Out <<<

Above 10670-80 Good Short Covering and Rally on Card. Watch all IT Stocks.

>>> CNX-PHARMA - Hourly Chart - Posted Last Weekly Review <<<

Wrote on last weekly review for a next round of rally till 9500.

>>> CNX-PHRAMRA - Hourly Chart <<<

More Rally in Pharma INdex and all Pharma Stocks. Pharma Index may rally till 9640 & 9800.

>>> Nifty - MIDCAP50 - Daily Chart <<<

More Rally ahead for MidCap Index. Support @ 4750. Resistance 4835 is Holds - May Rally till 4910 and 4980. Watch all MidCap Stocks for Rally.

>>> BankIndia - Hourly Chart <<<

We may or may not enter. Price need to hold the support.

>>> N4A - Whatsapp <<<

You need to save our number to get the broadcast messages. New Request must be Pinged with Your Name.

Thursday, October 05, 2017

Support @ 9885. Resistance @ 9946

Dear All,

>>> Nifty Hourly Chart <<<

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 <<<

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 <<<

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

>>> Nifty Hourly Chart <<<

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

>>> Bank Nifty Daily Chart <<<

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

>>> Bank Nifty Hourly Chart <<<

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

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

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

>>> SBIN - Hourly Chart <<<

We are Long and Hoping for a Recovery.

>>> CNXPHARMA - Hourly Chart <<<

9000 Support if Holds - More Rally Again.

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

Trend Line support - If holds - Expect More Rally.

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

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

>>> CNXIT Index - Daily Chart <<<

Price broken down shows - Correction possible.

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

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

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

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 <<<

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

>>> Nifty Hourly Chart <<<

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

>>> Bank Nifty Daily Chart <<<

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 <<<

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

>>> CNXPSUBank - Daily Chart <<<

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

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

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

>>> SBIN - Hourly Chart <<<

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

>>> CNXPHARMA - Daily Chart <<<

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 <<<

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 <<<

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 <<<