TECHNICAL VIEW

TECHNICAL VIEW FOR 30122015:

NIFTY:

NIFTY Continued It Up Ward Move And Closed Above 7915 For Two Consecutive Days

But 7960 Is A Resistance And We Have A PROBABLE Topping Pattern Called '' A DOJI '' On Both NIFTY & BNF Eod Charts So Caution Is Advised Now

8000-8034 Still Possible But NF Has A New STOP At 7889

A 15 Minute CLOSE Below 7889 Will Bring In Sharp Down Move For NF

NIFTY Closing Below 7902 And 7888 Will Be  Bearish

NIFTY EOD:

BANK NIFTY:

A Target Of 17038 Was Given A Few Days Back For BANK NIFTY And It Was Reached Yesterday

Expect Volatility As Settlement Closing Coming Up

17125 Is Next Target & Resistance For BNF

BNF Closing Below 16886-16865 Zone Will Be Bearish And BNF Can Come Down To 16730-16600 Again On CLOSING Below This Zone

A DOJI Candle Pattern On BANK NIFTY Chart Too Which Suggests A TOP May Be Nearby

EOD CHART Of BANK NIFTY:

WEEKLY CHART BOOK 28122015

TECHNICAL ANALYSIS Of NIFTY & BANK NIFTY For The WEEK 28122015:

NIFTY:

After A Big Down Move In August-2015 We Had Seen Three Counter Rallies One From 7539 To 8338 Second From 7700 To 8000 And The Third Again From 7551

In My Opinion This 300+ NIFTY Up Move Can Be The First Leg Of A New Bull Wave

There Are IFs And BUTs And We May Have Better Clue By Next Week Or Maximum By Next Fortnight As Every Thing Depends Upon The Correction Of The Recent Up Move Which Is Due Any Time

We Will Have A Firm HIGHER BOTTOM Against The Previous Low Of 7551 After We Can Have A Temporary TOP May Be Around 8000

And The PROCESS Of The HIGHER BOTTOM Formation Will Decide If We Are Already In A NEW BULL Wave Or Not

Watch Levels On Each Day Suggested Here To Have A Better View On The Markets

NIFTY EOD:

We Have A GAP At 7912 In NIFTY So A CLOSE Above 7912 Early NEXT WEEK Will Take NIFTY Towards 7934-7980 First And I Expect A Correction Again

If NIFTY Really Reaches 7980 Then The Correction From There Will Be An ALL IMPORTANT Move To Watch

If Correction Remains SLOW & MILD It Will Present A Great Buying Opportunity

If SEVERE & SPEEDY We Will Analyze It Accordingly

On The WEEKLY Charts The 'PIERCING LINE 'Candle Reversal Pattern Has Done The Trick And A WEEKLY CLOSE Above 8034 Will Put NIFTY In A Strong Bullish Move

On Intraday Charts There Was Some Base Formation Around 7850 Which Was Broken For A While On Thursday And Recovered Smartly Again Above 7850

So A CLOSE Below 7830 Any Day Will Also Initiate A Corrective Down Move Again

BANK NIFTY:

In My Last Weekly Report I Observed That BANK NIFTY Did Not Move With As Much Strength As NIFTY Had But During Last Week BANK NIFTY Too Crossed Some Important Hurdle At 16600 And Has A Good Weekly Close Above 16600

The LONG TERM Trend line Which Was Earlier Broken On Weekly Charts But Last Week BANK NIFTY Gave A Close ABOVE This Trend Line Suggesting The BREAK Was A False One

17034-17142 Are Two Up Side Targets First

A CLOSE Below 16730 Should Be Considered Weak For BANK NIFTY

EOD BANK NIFTY:

WEEKLY BANK NIFTY:

WEEKLY CHART BOOK

TECHNICAL VIEW FOR THE WEEK 21122015:

Let Us First Re Define The TRENDs

SHORT TERM : UP (In Danger Below 7706)

MEDIUM TERM : DOWN ( Up Only On A Close Above 8034)

LONG TERM: UP

The Week Gone By Has Created A Number Of Probabilities For The Future Of Our Markets Not Only For Next Week But For Coming Few Weeks

I Had Bearish View For The Medium Term And Was Expecting A FREE FALL Kind Of Bearish Ness But ONLY BELOW 7554-7539 Also With A View To Have Some Recovery From 7554-7539 And ANY BIG TREND Can Get INITIATED Only From INTRADAY Recovery So As A Technical Analyst I Must Follow All Time Frames And Conclude About My Views On Direction

On The EOD Charts Since 7551 Gave Support One More Time One May Think Of A DOUBLE BOTTOM Price Pattern Formed On Weekly Charts

WEEKLY CHART OF NIFTY:

At 7849 NIFTY Got Resisted At A Fibonacci Retracement And Also It Was Just A GAP Feeling Done

The First Important Probability Is That This Up Move Is The FIRST LEG Of A New Bull Move As On EOD Charts It Looks Like A '' V '' Shape Recovery

For This To Be True NIFTY Must NOT CLOSE Below 7700 Next Week And After Finding Support Around 7700 It Should Again CLOSE Above 7776 (7810 NF)

On Weekly Chart NIFTY Has A Candle Reversal Pattern Called A '' PIERCING LINE''

The Second Probability Is That The 4 Days Rally Was Just A Corrective Up Side And Has Ended At The GAP

In This Case We Will See New Lows Once NIFTY Closes Below The BULLISH GAP  (7740-7706 For NF) At 7715-7700

The Third Probability Is That We Will Neither See A Strong Rally Soon Nor Will We See A Break Below 7554-7539 Zone And The Move That We Will Witness Be A TIME CONSUMING Base Formation

There Are Two Reasons To Believe This

Earlier A CANDLE REVERSAL Pattern Was Used To Work Immediately But Nowadays Strong TREND REVERSALs Needs TWO CANDLE PATTERNS So In Our Case We Will See One More Test Of Lows And NIFTY Will Have One MORE Bullish Candle Pattern ON WEEKLY CHARTs Before This Down Trend Reverses

2nd Reason Is A Seemingly LOWER TOP Formations On WEEKLY CHARTs Of NIKKEI & DOW

Here Are These Two Charts

DJIA WEEKLY CHART:

As Can Be Seen On Above DOW JONES WEEKLY Chart A LONG TERM Trend Line Was Broken And There Was A  Pull Back In Which DOW Went Back Above It But LAST TWO Weekly Close Has Been Again BELOW The Trend Line Suggesting A Severe Correction Has Initiated With A LOWER TOP Formation

NIKKEI WEEKLY CHART:

NIKKEI Went To New Highs After A Break Out From FLAG Pattern

A SHARP Down Move Got Support At The Same FLAG But Now A CLEAR LOWER TOP Seems To Have Formed Suggesting A SHARP Trend Reversal To Happen Here Too

If The World Markets Have Entered Corrective Mode INDIA Would Not Be Spared

BANK NIFTY:

The FOUR Day Rally In NIFTY Was Very Good But The Same Was Not Very Convincing To Have A Bullish View About It

If BNF Closes Below 16490 The Down Move Will Speed Up Here

For BANKNIFTY A Close Below 16544 Will Be Weak And Especially A CLOSE Below 16362 Will Be EXTREMELY BEARISH

BANK NIFTY EOD:

2015 IS ABOUT TO END:

After A Bull Move Started From Late 2013 We Had Seen A ROARING Bull Market Through 2014 Till MARCH 2015

Since March 2015 We Are Watching A SLOW & STEADY Correction Which DOES NOT SEEM To Be A BEAR MARKET To Me

A BULL MARKET Like What We Have Seen Can Not End In Just An Year

On The Yearly Chart 2015 Can Be Marked Just As A PAUSE

My Worry For Early 2016 Is One POSIIBLE PANIC LOW Once / IF NIFTY Moves Decisively Below 7539-7554 Zone As WORLD Markets Are About To Enter SHARP Corrective Mode

NIFTY YEARLY:

FOR TODAY:

Here Is An Hourly NIFTY FUTURE Chart Where In One Can See A CHANNEL BREAK DOWN And GAP Resistance

The BULLISH GAP Support Is At 7740-7706 Which Is The TREND DECIDER Price Zone For Today And For Next Few Days As Well

NF HOURLY:

TECHNICAL VIEW For 16122015: HOPE WITH CAUTION

TECHNICAL VIEW FOR 16122015:

NIFTY:

A Nice Follow Up Move For NIFTY After The Bullish PIERCING LINE Candle Pattern On Monday

First Hour Of Trade Is Very Important Today

As NF Will Move Up To 7760-7780 If It Continues To Trade Above 7725

Weakness Will Be Seen Again If NF Trades Below 7780

But 7626 Is The SAR For Bullish Trades But Any Thing Can Happen After FED Announcement Tonight

Markets May Have Discounted A One Time Increase In Rates But It Is Prudent To Wait And Watch

NIFTY FUTURE Chart:

BANK NIFTY:

BANKNIFTY Has Touched 16200 Which Was TARGET/SUPPORT And We Are Witnessing Mild Recovery From Supports

We Have A 'DOJI STAR'' Candle Pattern For BNF Which Needs A STRONG BULLISH CANDLE Today To Suggest A Reversal

BNF Has Resistance At 16500 And A Fifteen Minute CLOSE Above 16500 Can Take BNF To 16625-16680 Price Zone Which Is SHORT TERM TREND REVERSAL ZONE

An EOD Close Above 16680 Can Take BNF Higher

I Would Suggest Shorts Below 16275 Only .

BNF EOD CHART:

WEEKLY CHART BOOK

TECHNICAL VIEW FOR THE WEEK 14122015:

NIFTY:

I Had Very Categorically Defined The SHORT & MEDIUM Term TRENDs As DOWN And As NIFTY Was Unable To CROSS & CLOSE Above 8000-8034 Selling Pressure Was Very Well Anticipated

I Had Clearly Said The One Should Not Get Surprised If NIFTY Can Reach 7610-7554 Without Having Any Bounce There Was One Day Recovery From 7610 But As NIFTY FUTUREs Could Not Cross 7725 And Moved Back Below 7678 The Hope Based Rally Shattered Away

Be Warned Again As NOW We Really May See A FREE FALL Kind Of A Situation

Clearly Volumes Have Dried Up And BUY LOW-SELL HIGH Kind Of Traders Showing No Interest Once Below 7554-7530 NIFTY May Well Witness A FREE FALL On Any Day

7725 Is The NF Level To Watch For Whole Next Week For Any Meaning Full Recovery In Markets

7539-7554 Are Two Levels To Watch For Today And Tomorrow As 7539 Was NIFTY Low For August We May See Some INTRADAY Bounce Back From There

CLOSING A Five Minute Candle Back Above 7610 After Touching 7554-7539 Can Produce Some More INTRA Day Rallies But It Will Be Difficult To Close A Day Above 7703

It  Is A Week Of Big News From FED Markets Will Be Volatile

If 7554-7539 Can Not Give Much Support And NIFTY Continues To Fall There Is A Great Fibonacci Setup Around 7331-7296-7278 Zone Which Becomes The Next Target Zone Below 7539

NIFTY FIBONACCI SET UP:

For The WEEKLY Picture  A Weekly Close Above 7771 In Next Couple Of Weeks Can Change The Trend On Short Term Basis

Else We Will Have A Series Of LOWER TOP-LOWER BOTTOM Formation On Charts

WEEKLY NIFTY:

This EOD NIFTY Chart Was Posted A Few Weeks Back

BANK NIFTY:

NIFTY Bounced Back From 7610 And NF Crossed And Closed Above 7678-7696 Zone So I Was Compelled To Give Upper Targets  Of 7760-7803 ONLY Above 7725 Luckily NF Could NOT Cross 7725 And BANK NIFTY Was The Culprit For Fridays Strongly Negative Close

BANK NIFTY Could Not Cross Any Up Side Resistance And Nearly Met My Target Of 16200 Below 16600 As It Made A LOW Of 16260

An Hourly Close Below 16200 Will Bring BANK NIFTY To 16046 As One Target & Support

BANK NIFTY Is Clearly Heading Towards New Lows And Even 15800 Is Possible Very Soon

We Will Watch How It Behaves Around There But This Recent Down Wave Seems Very Relentless And We May See Levels Like 14900-14300 As Well

BANK NIFTY EOD CHART:

THE WEEKLY PICTURE:

BANK NIFTY Has BROKEN The Rising Trend Line Which Connects AUG 13 And FEB 14 Lows On WEEKLY Chart

This Suggests That IF We Do Not See A STRONG Weekly Closing Above 17039 In Next Couple Of Weeks BANK NIFTY Is Bound To Reach The LOWER END Of The CHANNEL Drawn On The Weekly Chart

WEEKLY BANK NIFTY:

A CRUCIAL BREAK DOWN

TECHNICAL VIEW FOR 09122015:

NIFTY:

NIFTY Opened With One More Gap Tried To Recover But In The Last Hour Sell Off CLOSED Below 7725-7714 Zone

7800 For NF And 7771 For NIFTY Becomes An Immediate Resistant Now Or If The BREAK DOWN Is False Today NIFTY Have To CLOSE The First Hour Above 7725

For Some Real Up Side Corrective NIFTY Will Have To Close Above The TREND LINE Shown On The Chart

If This Happens We May See Some Corrective Just Because Of Extreme Over  Sold Indicators But Dont Get Surprised If NIFTY Straight Away Reaches 7610-7554

NIFTY EOD:

NF Today Has Targets / Supports At 7682 And 7648 So Watch How NF Behaves At These Two Levels

BANK NIFTY:

16600 Has Been Our Prime Target And 16200 Next

I Had Posted An HOURLY CHART Of BNF A Few Days Back Showing The Up Move In A BEARISH CHANNEL Resulting This Down Move

This Channeled Move Too Gives Us Targets Of 16352 And 16045

A CLOSE Above 16934 /17039 Can Again Reverse The Very SHORT TERM TREND Else We Should See Down Side Targets Very Soon

BANK NIFTY:;

CHARTs

WEEKLY CHART BOOK

TECHNICAL VIEW FOR THE WEEK 07122015:

NIFTY:

8000 Was My First Target For NIFTY And Due To High Premium In November NF Before The Crash NF Did Touch 8000 But NIFTY Missed It By Some 28 Points

I Wrote A Few Weeks Back When Some Strength Was Observed That Selling Will Resume From Around 8000 And The Same Has Happened

Two DOJI STARs And A Big BEARISH Candle Signaled The Down Move And Below 7956-7934 I Had Suggested Down Side Targets Too

The Recent Fall Has Come Up With BEARISH GAPs Which Will Make It Tougher For The Bulls To Fight Back

I Had Presented The Following Chart Before The Start Of The Fresh Down Move Where I Suggested 8000 As A Strong Resistance And New Bull Move ONLY ABOVE 8817

EOD NIFTY :

As Can Be Seen STOPs At 7879 & 7812 Are Triggered But Some Support Seen At The Short Term TREND LINE

Here Is The Updated Chart

7853 Is The LEVEL To Watch For Any Up Side For The Next Week

NIFTY As On WEEKLY CHART :

For NIFTY I Have Been Presenting A BROADENING PATTERN Since Last Few Months And Around 8300 NIFTY Got Resisted @Its Upper End Also At The Low Of 7539 NIFTY Got Support At The LOWER END Of The Same Pattern

In The Fall From 8300 As NIFTY Came Down Twice To 7700/7726 As I Found Some Strength Targets Of Up To 8034 Were Suggested But I High Lighted This Comment In My WEEKLY CHART BOOK Dated 23112015

'' Both Short And Medium Term Trend Remains Down Unless NIFTY Closes Back Strongly Above 8034 ''

As On Today Again Both Trends Remains Down Only

On A Note Of Caution If NIFTY Remains Below 7853-7880 For Next Couple Of Days And Then BREAKS BELOW 7700 We Will Not See 7539 Working As Support In A Big Way

BANK NIFTY:

BANK NIFTY Had A BETTER Up Move As It Met Target Of 16600 And Did Not Move Much Down When NIFTY Moved To 7726 Twice And So BANK NIFTY Moved Up To Reach The Target Of 17500 Nicely

But I Clearly Suggested That Any FURTHER Up Side Was POSSIBLE Only If BANK NIFTY Can Close Above 17500

Twice It Touched 17500 Around But Could Not CLOSE A Day Above It

Mid Week I Suggested Down Move Below 17262 And BANK NIFTY Too CLOSED The Week Below Important Level Of 17970

For Next Few Days BANK NIFTY Has Strong Resistance At 17100-17219 And A CLOSE ABOVE 17219 Can Again Move Bank Nifty On The Upside

During The Week A CLOSE Below 16600 Will Give Down Side Targets Of 16200-15900

WEEKLY CHART:

EOD BANK NIFTY CHART:

WEEKLY CHART BOOK 30112015

TECHNICAL VIEW FOR THE WEEK 30112015:

NIFTY:

Technically Last Two Trading Days Made The Week End Candle Looks Very Strong

On The CLOSING Basis After Such A Good Weekly Close NIFTY Seems To Have Nearly Similar Pattern Like A DOUBLE BOTTOM

A Short Term Double Bottom At 7700 And A Medium Term Double Bottom At 7655 And 7730

The Medium Term Structure Looks Like This

WEEKLY  NIFTY:

It Is Much Better In BANK NIFTY As A HIGHER BOTTOM

For The Next Week 8034 Remains The Level From Where Some Supply May Resume But NIFTY Manages A WEEKLY CLOSE Above 8034 We May Sell Levels Like 8109-8217

7812 And The SUPPORT TRENDLINE Shown On This EOD NIFTY Chart Are New STOP & REVERSE For Bullish Trades

And If We Have A Weekly Close Above 8119 We Will Resume A New Bullish Trend

EOD NIFTY:

FOR MONDAY:

NF Has Supports At 7936-7914 And Some Resistance At 7987

Day Traders Can Go Short BELOW 7936 With A STOP At 7953 And Targets Of 7936-7914

BANK NIFTY :

In My Last Weekly Chart Book I Wrote This For BANKNIFTY

'' BANK NIFTY Has Just Started Move Better Than NIFTY As NIFTY Nearly Touched 7700 Twice But BANK NIFTY Remained Above 17600 Although The Comparative Level Is 16200

Price Structure Too Looks As If BNF May Have Made A HIGHER BOTTOM But The Problem Poor Weekly Closing''

The HIGHER BOTTOM Possibility Seems To Be Working With A Nice Weekly Close

For The Coming Week 17300-17250 Are KEY SUPPORT Levels And BNF Should Remain Above Them On CLOSING Basis To Maintain The Positive Structure

A Good And Strong Close Above 17500 Will OPEN UP Further Up Side For BANK NIFTY

If We Get Two CONSECUTIVE CLOSE Below 16931 All The BULLISH Possibilities Will Get Negated

Probabilities Are Very HIGH In Favour Of BULLs But 16931 Can Be The STOP For BANK NIFTY

EOD BANK NIFTY:

On Friday Itself In My Pre Market Technical View I Suggested A BIG Day Was Due For BNF And We Did See A STRONG Bullish Day

To Continue The Trend A STRONG Close Above 17500 Will Take BNF Towards 17900 Easily

TECHNICAL VIEW 26112015

TECHNICAL VIEW FOR 26112015:

NIFTY:

Such A Tight Range Of Nifty Make It Extremely Difficult To Predict The Next Move

Selling Pressure Continues When Ever NIFTY Tries To CROSS 7870-7880 Zone But Still Bears Are Unable To Breach 7819 DECISIVELY

There Was A Panic Low Of 7807 But NF Quickly Started Trading Above 7819

We Will Have A Big Day Soon

Go Long On An Hourly Close Above 7880 And Go Short On A 15 Minute Close Below 7806

Settlement Day Can Be Volatile So If After Closing Below 7806 NF Trades Above 7837 Another Turn Around Will Be Possible

BANKNIFTY:

17120 And 16960 Has Been The TRADING RANGE For BNF

We Rarely See Such A Small Range For BNF So Expect A 500-700 BNF Move Very Soon

The Last Few Days PRICE STRUCTURE For BANK NIFTY On EOD Chart Can Confuse Any One And A Positional Trader Must Wait For A Decisive Close At Least On An Hourly Basis

A 15 Minute CLOSE Below 16960 Will Be Enough For BNF To Drag Down To Around 16870-16810 Levels

While For The Up Side BNF Should Trade Above 17122 For A Possible 100-150 Points Up Move

WEEKLY CHART BOOK AND TECHNICAL VIEW FOR 24112015

TECHNICAL VIEW FOR THE WEEK 23112015:

NIFTY:

In My Last Weekly Chart Book The High Light Was This

'' Some Positive Move May Happen If NIFTY Closes An Hour Above 7819 Watch  7819 On EOD Closing Basis Also And If After Closing Above 7819 NIFTY Again Closes Below 7819 We May See Levels Below 7700 Too''

Nifty Did Close Above 7819 Went Up To 7860 Again Closed Back Below 7819 And Touched 7727 Again Luckily Not Breaking 7700

One More Time 7819 Was Crossed And NIFTY Touched 7917 Against My Target Of 7937

For The Coming Week 7819 /7700 On The Down Side And 7937 On The Up Side Will Be TREND DECIDER Levels

We Will See 200-250 Points Move On Breach Of Levels On EITHER SIDE

Both Short And Medium Term Trend Remains Down Unless NIFTY Closes Back Strongly Above 8034

NIFTY EOD 20112015:

As We Look At This Monthly Chart Of NIFTY It is Evident That As The October Month Could Not Give A Positive Close Above 8300 The Bearish Ness Continues Even Though The LONG TERM Trend Remaining Bullish

The BROADENING Pattern Continues To Unfold And A LONG TERM Investor Must Either Wait For NIFTY To Reach The LOWER END Of The Pattern To Invest In A Big Way

NIFTY MONTHLY CHART:

BANK NIFTY View :

BANK NIFTY Has Just Started Move Better Than NIFTY As NIFTY Nearly Touched 7700 Twice But BANK NIFTY Remained Above 17600 Although The Comparative Level Is 16200

Price Structure Too Looks As If BNF May Have Made A HIGHER BOTTOM But The Problem Poor Weekly Closing

I Believe That A Close Above 17500 Is Needed For BNF To Show Some Really Bullish Move While A CLOSE Below 16600 Will Be Extremely Bearish

EOD BANKNIFTY :

As One Can See This BANK NIFTY Chart The Short Term Support Trend line Is Very Critical

The Probability Of A HIGHER BOTTOM Will End Once BNF Closes Below This Trend Line

For Day Traders :

BUY NF Above 7871---STOP 7856---Target 7892-7907

SELL NF Below 7817--STOP  7833---Target 7800-7782

buy BNF Above 17155--STOP 17120--TARGET 17200-17240

SELL BNF BELOW 16990--STOP 17035--TARGET 16940-16906

 TECHNICAL VIEW FOR 24112015:

NIFTY:

NIFTY Remained In A Small Range Through The Day

I Expected NF To Reach 7900 If It Trades Above 7871 But NF Touched Only 7880 And Below 7856 NF Went Down But Again Could Not Breach 7819 And Made A LOW Of 7822 And Closed Way Higher

We Have A Holiday Mid Week And Settlement On 26th So NIFTY May Remain Range bound Today Too

7880--7819 Is The TREND DECIDER Zone For Today

If Today We Can Have A CLOSE Above 7900 We May See 8034 On Friday But Again 7819 Must Be Held

NIFTY EOD CHART:

BANK NIFTY:

Since Last Few Days While NF Tasted 7826 One More Time But BNF Has Remained Side Ways Showing A Little More Strength

We Will Soon See A Big Day For BNF And If It Can Continue Trading Above 17050 Either Today Or On 26th BNF Will Give A Strong POSITIVE CLOSE

16960-16920 Is The Support Zone BELOW Which We Will See A BIG DOWN Day

A Weekly Close Above 17360-17500 Will Be EXTREMELY Positive And Will Indicate GST Bill Getting Through Soon

BANK NIFTY EOD:

What #MODISARKAR Achieved In 18 Months ?

FOR MODI HATERS. FULL MEAL FOR TUMMY FULL.

READ TILL END.

ONE YEAR MODI GOVERMENTS ACHIVEMENTS
V/S
57 YEAR'S CONGRESS GOVERMENTS ACHIEVEMENTS...

A STUDY...!

1. Jawahar Lal Nehru - 16 years 286 days
2. Indira Gandhi - 15 years 91 days
3. Rajiv Gandhi - 5 years 32 days
4. Narasimha Rao - 4 years 11 months
5. Manmohan Singh - 10 years 4 days

In total 57 years, 2months- Congress ruled india & could not get "
Achche din" and we now expect achche din
in 12 months. One can conclude that we were fools then & now we are impatient. 
We have elected a prime minister not a
magician !!

Narendra Modi's effect of making more foreign
visits ?
A).. Barack Obama and China supports
India's bid for permanent UNSC seat.

B).. $35 billion investment by Japan over a
period of 5 years and along with it their
expertise in making bullet trains.

C).. Australia is set to sign a Nuclear Power
deal with India to supply around 500 tonnes
of Uranium to India.

D).. Satya Nadella (Microsoft), Indra Nooyi
(Pepsico), Sheryl Sandberg (Facebook), Jeff
Bezos (Amazon), Mark Zuckerberg
(Facebook) discusses possible investments.

E).. Israel inks $5 million deal for Joint
Educational Research programme.

F).. $20 billion investment from Xi and his
Chinese counterparts.

G).. 2 billion Euros support from France for
sustainable development in India.

H).. Airbus to increase outsourcing in India
from 400 million euros to 2 billion euros over
the next five years.

I).. French National Railways has agreed to
co-finance an execution study for a semi-
high speed project on upgradation of the
Delhi-Chandigarh line to 200 kmph.
J).. Canada agrees to supply 3,000 metric
tonnes of uranium to India from this year to
power Indian atomic reactors.
--
While we are all yearning for a
transformation, development, etc. There is
someone who is actually setting up the
infrastructure for it.
--
Marketing of 'Brand India' has never been so
important !!!
--
Number of days Modi stayed abroad touring
15 countries as a PM on official trips = 45days
-
Number of days Rahul stayed abroad (Bangkok) & spent supporters money
without informing his voters = 57days
--
Let's be sensible to analysis & make a
judgment that who spent peoples money & who brought money to India.
--

1 year of Modi Govt NO Scam or waste of peoples money

Can some one ask Congress- whose GOVT
was in power when below most of scams
were happening ? How many are punished
by Congress during their regime ?
List of CONGRESS SCAMS ?

2013 - VVIP Chopper Scam
2012 - Coal Mining scandal - INR 1,070,000
crore
2012 - Karnataka Wakf Board Land scam -
INR 200,000 crore
2012 - Andhra Pradesh land scandal - INR
100,000 crore
2012 - Service Tax and Central Excise Duty
scam - INR 19,159 crore
2012- PSU financial irregularities -
INR 17,000 crore
2012 - Maharashtra stamp duty scandal -
INR 640 crore
2012 - Ministry of External Affairs gift
scandal
2012 - Himachal Pradesh pulse scandal
2012 - Flying Club fraud - INR 190 crore
2012 - Jammu and Kashmir PHE scandal
2012 - Jammu and Kashmir recruitment
scandal
2012 - Jammu and Kashmir examgate
2012 - Jammu and Kashmir Cricket
Association scandal - Approximately INR 50
crore
2012 - Andhra Pradesh liquor scandal
2011 - UP NRHM scandal - INR 10,000 crore
2011 - ISRO's S-band scam
2011 - KG Basin Oil scam
2011 - Goa mining scam
2011 - Bellary mining scam
2011 - Bruhat Bengaluru Mahanagara Palike
scam - INR 3,207 crore
2011 - Himachal Pradesh HIMUDA housing
scam
2011 - Pune housing scam
2011 - Pune land scam
2011 - Orissa pulse scam - INR 700 crore
2011 - Kerala investment scam - INR 1,000
crore
2011 - Maharashtra education scam - INR
1,000 crore
2011 - Mumbai Sales Tax fraud - INR 1,000
crore
2011 - Uttar Pradesh TET scam
2011 - Uttar Pradesh MGNREGA scam
2011 - Orissa MGNREGA scam
2011 - Indian Air Force land scam
2011 - Tatra scam - INR 750 crore
2011 - Bihar Solar lamp scam - INR 40 crore
2011 - BL Kashyap - EPFO scam - INR 169
crore
2011 - Stamp Paper scam - INR 2.34 crore
2010 - 2G spectrum scam and Radia tapes
controversy
2010 - Adarsh Housing Society scam
2010 - Commonwealth Games scam
2010 - Uttar Pradesh food grain scam
2010 - LIC housing loan scam
2010 - Belekeri port scam
2010 - Andhra Pradesh Emmar scam - INR
2,500 crore
2010 - Madhya Pradesh MGNREGA scam -
INR 9 crore
2010 - Jharkhand MGNREGA scam
2010 - Indian Premier League scandal
2010 - Karnataka housing board scam
2009 - Madhu Koda mining scam
2009 - Goa's Special Economic Zone (SEZ)
scam
2009 - Rice export scam - INR 2,500 crore
2009 - Orissa mining scam - INR 7,000 crore
2009 - Sukhna land scam - Darjeeling
2009 - Vasundhara Raje land scam
2009 - Austral Coke scam - INR 1,000 crore
2008 - Cash for Vote Scandal
2008 - Hasan Ali black money controversy
2008 - The Satyam scam
2008 - State Bank of Saurashtra scam - INR
95 crore
2008 - Army ration pilferage scam - INR
5,000 crore
2008 - Jharkhand medical equipment scam -
INR 130 crore
2006 - Kerala ice cream parlour sex scandal
2006 - Scorpene Deal scam
2006 - Navy War Room Spy Scandal
2006 - Punjab city centre project scam - INR
1,500 crore
2005 - IPO scam
2005 - Oil for food scam
2005 - Bihar flood relief scam - INR 17 crore
2004 - Gegong Apang PDS scam
2003 - Taj corridor scandal
2003 - HUDCO scam
2002 - Stamp paper scam - INR 20,000 crore
2002 - Provident Fund (PF) scam
2001 - Ketan Parekh securities scam
2001 - Barak Missile scandal
2001 - Calcutta Stock Exchange scam
2000 - India-South Africa match fixing scam
2000 - UTI scandal - INR 32 crore
1997 - Cobbler scandal
1996 - Hawala scandal
1996 - Bihar land scam - INR 400 crore
1996 - SNC lavalin power project scandal -
INR 374 crore
1996 - Bihar fodder scandal - INR 950 crore
1996 - Sukh Ram telecom equipment scam
1996 - C R Bhansali scandal - INR 1100 crore
1996 - Fertiliser import scandal - INR 133
crore
1995 - Purulia arms drop case
1995 - Meghalya forest scam - INR 300 crore
1995 - Preferential allotment scandal - INR
5,000 crore
1995 - Yugoslav Dinar scandal - INR 400
crore
1994 - Sugar import scandal
1992 - Harshad Mehta securities scandal -
INR 5,000 crore
1992 - Palmolein Oil Import Scandal, Kerala
1992 - Indian Bank scam - INR 1,300 crore
1990 - Airbus scam
1989 - St Kitts forgery
1987 - Bofors Scam
1981 - Cement Scandal including A R
Antulay - INR 30 crore
1976 - Kuo oil scam - INR2.2 crore
1974 - Maruti scam
1971 - Nagarwala scam - INR 60 lakh
1965 - Kaling tubes scam
1964 - Pratap Singh Kairon scandal
1962 - National Defense Fund (during
Chinese War)
1960 - Teja loan scam - INR 22 crore
1958 - The Mundhra scam - INR 1.2 crore
1956 - BHU funds misuse - INR 50 lakh
1951 - Cycle import scandal
1948 - Jeep scam - INR 80 lakh
1947 - INA Treasure Scam (transported from
Japan to India, and got
-

Congress minsters have literally robbed we Indians
& now Congress men are asking when Modi is bring back the black money from foreign banks.

What an irony.....!!!!
But Indian citizens are better informed & well educated now. They know what is right...
Please share with all. Jai Hind.

WEEKLY CHART BOOK

TECHNICAL VIEW FOR THE WEEK 16112015:

NIFTY:

NIFTY Continued To Move Down Wards Proving A Clear Indication Given Here Correct

I Wrote Once NIFTY Breached The All Important Trend line That 7900-7700 Will Come Very Soon

7700 Can Give Some Support Especially Considering Oversold Indicators On Both Weekly And Daily Charts

7937 Becomes A Very Important Level For Next Week

Some Smart Recovery Will Be Seen If NIFTY Manages A CLOSE Above 7937

Some Positive Move May Happen If NIFTY Closes An Hour Above 7819 Watch  7819 On EOD Closing Basis Also And If After Closing Above 7819 NIFTY Again Closes Below 7819 We May See Levels Below 7700 Too

WEEKLY CHART BOOK

TECHNICAL VIEW FOR THE WEEK 09112015:

NIFTY:

Since Last Three Weeks (Even Before NIFTY Touched My TARGET Of 8328) I Started Warning About A DUE Down Side Correction

After Such A Good 800+ NIFTY Up Move NO ONE Can Say That A Severe Crash Is The ONLY Way Ahead ,Initially A Technical Analyst Can Define A Fresh Down Move As A CORRECTION Only

After Understanding The PRICE STRUCTURE On Different Time Frames Only One Can Say How Serious The So Called Correction Can Be

That Is Precisely Why Last Week When NIFTY Broke 8246/8180 I Suggested That There Will Be An Up move From 8000 And That Up Move Will Decide The Future Trends For Next Few Weeks

Here Are A Few Note From Earlier WEEKLY CHARTBOOKs

26102105:

'' As On The Weekly Chart 8315-8328 Were Important Targets Given Here And There Is A STRONG RESISTANCE Too Around 8300 But If We See This WEEKLY NIFTY Chart The Falling TRENDLINE VALUE Can Be Roughly Around 8370 For The Next Week

So At These Levels Caution is Advised For Longs And We Will See Some DOWNWARD Corrective Move Once NIFTY Closes Below 8246''

For BANKNIFTY

" 17500 Around Seems To Be The TREND DECIDER Level For The Medium Term For BNF''

02112015:

'' The Weekly Close Is EXTREMELY Negative With A Bearish Candlestick Pattern Called ''BEARISH ENGULFING'' Suggests A Sharp Trend Reversal

The Bigger Question Is If The Whole Rally Started From 7538 Has Ended At 8333 Or It Is Just A Corrective And In A New Up Move Nifty Will Cross 8333

Difficult To Call It ONLY A CORRECTION And Most Probably NIFTY Is To Continue Moving In A BROADENING PATTETN Meaning Even 7538 Too Is In Danger

Here Is The Weekly Chart That I Have Been Posting Nearly EVERY Week Showing The BROADENING PATTERN

NIFTY WEEKLY :

In A Nut Shell

"FROM AROUND BELOW 8400 ,NIFTY WAS PREDICTED TO MOVE DOWN AND 7678-7539 Were TARGETS GIVEN IN MY SUBSEQUENT ARTICLES

 FROM THERE SHOWING THE INVERTED HNS PATTERN WITH INCREASING STOP & REVERSE LEVELS NIFTY TARGETS OF 8315-8328 WERE CLEARLY DEFINED

A CORRECTION WAS SUGGESTED FROM 8328 WELL IN ADVANCE

AND THIS BROADENING PATTERN WAS DRAWN IN 2 MONTHS BACK WORKING NICELY"

Now Let Us Define Current Trends

LONG TERM : UP

MEDIUM TERM: DOWN

SHORT TERM: DOWN

With Bihar Poll Results Going Against The #NAMO Government We Will See A Big Gap Down Move Today

If NIFTY Sustains Below 7874 After The PROBABLE Gap Down Open We May See 7700 Very Soon

Some Corrections Will Come But If We Get 2/3 Consecutive Close Below 7874 Even 7538 Will Be In Danger With A STOP At 8000 Around

If Really There Is A BIG GAP Down Open Today And NIFTY FUTURE Reaches 7856 And DOES NOT BREAK It For First 15 Minutes There Can Be Some Recovery Later On The Day

Below 7856 Today Or Any Day NF Will Reach 7724 And During The Coming If There Is A STRONG BOUNCE Back NF Will Have To CLOSE Above 7856 First

For A While Markets Will Try And Find Out The Actual Implications On Policy Decisions Of #NAMO Government So WORLD EVENTs Will Drive Our Markets And Will Ignore The INDIA Specific Bullish Ness

HOURLY NIFTY FUTURE Chart:

BANK NIFTY:

Below 17565 BANK NIFTY Continued To Drift Slowly But Friday It Found Some Supports Just Below 17000 And It Closed Higher

17200-16800-16680 Were Down Side Targets Given Here Below 17565

If Today We See These LOWER Levels Around 16600 There Can Be Some Recovery But One Can Not Expect A Major Bullish Ness Unless BNF Closes Above 17200

On The WEEKLY CHART Bank Nifty Has A LONG TERM TRENDLINE Support Around 16600

Eventually This Support Too Can Get Broken But Hope Fully BANK NIFTY Will Continue To Move In The Down Ward Chanel For Some More Time

WEEKL CHART BANK NIFTY:

MARKET VIEW

TECHNICAL VIEW 06112015:

NIFTY:

I Suggested 8051 Could Give Some Support But Buying Was Advised ONLY ABOVE 8071 And A Short Sell Was Due Below 8049 With Targets Of 8020-7996 And Both Were Reached

On A Note How These Levels Can Be Used One May Have Observed That Below 8049 NF First Reached 8010 And Bounced Back  Up To 8052 Only To Tank Below 7996 It Shows How 8051 Worked As Resistance Once NF Went Below It

7996 Was Also Broken On CLOSING Basis And 7930 Was Our Target As NIFTY Closed At 7955

For NF I Have Observed That Two Different Fibonacci Levels Does Match At 7946 So If NF Moves Down To 7946 EXPECT A Corrective Bounce Back

A FIFTEEN Minute Close Above 8015 Can Push NF Up To 8049 Again

For One More Short Term Twist In The Trend NIFTY Needs To CLOSE Above 8031

NIFTY EOD:

BANK NIFTY:

There Was Nothing TECHNICALY POSITIVE In Last Few Days BANK NIFTY Move

That Was The Reason I Said BANK NIFTY Looks Weak On EOD Charts

On A Weak Closing BANK NIFTY Closed At 17995 And Down Side Targets /Supports Of 16800-16648 Are Still Open

A Smart CLOSE Above 17200 Is Required For Some Hope Based Short Term TREND REVERSAL

Even For Day Traders If BNF Moves Above 17200 There Will Be A Possible Up Side Up To 17340

A Major Positive Break Out Will Happen For BANK NIFTY Only If It Closes Above 16466

BANK NIFTY EOD:

TECHNICAL VIEW FOR 04112015:

NIFTY:

NIFTY Opened At 8086 Made A HIGH Of 8100 And CLOSED Back At 8060

I Had Suggested 8088-8100 As The First Resistance Zone

Watch 8100 For NIFTY In The First 15 Minutes Of Trades If Markets Opens Higher On The Back Of Global Cues

If NIFTY Sustains Above 8100 (NF Above 8129) Then We May See Levels Like 8130-8166 And NF Can Attempt At 8144-8183

8000 Remains Important Support For Now

NIFTY EOD:

BANKNIFTY :

BNF Should Sustain Above 17460-17508 For FIRST 15 Minutes Of Trades Today To Have Further Upside

A Decisive Close Is Required Above 17565 To Possibly Resume A New Uptrend

A CLOSE Below 17320-17200 Will Surely OPEN UP Further Down Side

BANK NIFTY: