Weekly View Nifty & Tataelxsi
Above is Nifty Future last Six Months chart
Nifty trading range around 8565-8730 in last 24 sessions
& almost 165 points variations
This Week Nifty Trend Decider levels are 8565 & 8715
Nifty ,if breaks 8565 & closes below the level
then next supports are 8485, 8425 and 8300
Nifty Future facing resistance 8715…….
If breaks & closes above this level
Try to check 8825 & 8885 levels!! (chances are remote only)
Simple ideas “Can do shorts at higher levels and stop of 8730”
“Below 8565……… will add more power to Bears”
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Above is last Six months chart of TATAELXSI
Chart is showing,that stock has taken strong support at 1595
Traders closely watch at 1595 level……….
Once if breaks & close below this level
then next supports at around 1525, 1450 and 1390 for short term!!
Suppose if not breaks then will take support at 1595
and try to move 1650 & 1680+
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RBI governor (Urjit Patel): 10 Key Points
1.Monetary policy expert
Patel is one the four deputy governors at the RBI. He heads the monetary policy department.
2.Appointed by the Congress
He was appointed by the UPA government in 2013.
3.Extended term
His term, which was supposed to end this year, was extended by three years in January.
4.Rajan’s trusted collaborator
Reserve bank officials consider him to be incumbent RBI governor Raghuram Rajan’s closest lieutenant.
5.Academic credentials
Patel has an M.Phil from Oxford University, and a PhD (economics) from Yale University.
6.IMF experience
He worked on the India, US, Myanmar, and Bahamas desks at the International Monetary Fund (IMF) from 1990 to 1995.
7.RBI advisor
He served as an IMF advisor to the RBI from 1996 to 1997.
8.Consultant to the Finance ministry
Patel also worked as an consultant with the Department of Economic Affairs of India’s Ministry of Finance from 1998 to 2001.
9.Other professional experience
Before his 2013 RBI appointment, he was an advisor to the Boston Consulting Group, an American think-tank.
10.A landmark reform
A committee headed by Urjit Patel recommended shifting the focus away from wholesale prices, and targeting consumer inflation with an aim to check volatile prices. In March last year, the Reserve Bank and the Ministry of Finance – headed by Arun Jaitley – agreed on a consumer inflation target of 4 percent, with a leeway of 2 percent more or less, by the financial year 2016-2017. The decision to use inflation-targeting is considered to be one of the most important changes to monetary policy since the 1991 reforms.
Weekly View NIfty & Ambujacem
This is Three Month chart of Nifty Future
Nifty Future hammered at higher levels like 8700-8760 in last 15 days
Now facing strong resistance & crucial level around 8760
Once if breaks & Closes above this level……… then will move 8888 & 8940+
Nifty Future considers support at around 8600 & 8545
Don’t shorts at support levels……!!
So closely watch at 8600 & 8760
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This is Ambujacem Three Month chart
Chart is showing Triple Top formation at 278………
Means strong resistance at 278
Once if breaks 278 & closes above this level
then next resistance 287 (Two Year high) & 305 levels
So closely watch 278!!
Gann View 22-26 Aug 2016
The view remains the same.
To go further high Nifty must give a close above 8740-8751 zone.
A short trade must be initiated in the zone of 8720-8750
A short trade must be initiated in the zone of 8720-8750
with SL @ 8770 on closing basis.
Major resistance level are 8711-8728-8742, 8805,
Major support levels are 8535, 8461-8430, 8356-27.
Next pressure dates are 27/28th Aug.
Major resistance level are 8711-8728-8742, 8805,
Major support levels are 8535, 8461-8430, 8356-27.
Next pressure dates are 27/28th Aug.
Important & major time cycle is going to complete
on these dates + astrologically these dates are important.
* the impact of pressure dates are + - 1 day can be seen.
* the impact of pressure dates are + - 1 day can be seen.
Source: DPK
Nifty & Infy Chart Update
This is last Three Month chart of Nifty spot
Nifty spot hammered at higher level like 8720-8730
So very crucial resistance around above this level
Once if breaks 8730 and closes above the level…….. Try to move 8845 & 8900
Nifty spot considers support @ 8540-8520
Bears are waiting to enter below 8540!!……… There after non stop panic will start!!
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This is INFY last Three Month Chart
Chart shows, INFY facing strong resistance around 1097
If crosses this level & Closes above the level………. Try to check 1135 & 1160 levels
Strong support at 1050……… Once if breaks & closes below the level
Finding next supports 1010, 970 and 930 level
Traders put close eye on 1097 & 1050 levels!!
****************************
As posted on 1st Aug was a pressure date
and till date Nifty is not able to give a close
above the high made (8711) on 1st Aug
and this level was also posted in the resistance zone,
and from 8711 we have got more than 150+ points twice..
This is the accuracy of Gann levels.
To move further upside Nifty needs to give a close above 8740
for the targets of 8790-8805-8855.
Major resistance level are 8711-8728-8742, 8805,
Major support levels are 8535, 8461-8430, 8356-27.
Next pressure dates are 17-18, & 27/28th Aug.
and till date Nifty is not able to give a close
above the high made (8711) on 1st Aug
and this level was also posted in the resistance zone,
and from 8711 we have got more than 150+ points twice..
This is the accuracy of Gann levels.
To move further upside Nifty needs to give a close above 8740
for the targets of 8790-8805-8855.
Major resistance level are 8711-8728-8742, 8805,
Major support levels are 8535, 8461-8430, 8356-27.
Next pressure dates are 17-18, & 27/28th Aug.
Courtesy for Gann levels: DPK
Excel Technical Analysis
Technical Analysis program in Excel
You must have office 2007 or higher for this file to run properly.
This accepts only yahoo symbols, thats put ".NS" at end of symbol
like "RELIANCE" will become "RELIANCE.NS"
Before downloading this file, kindly download excel runtime and install on your pc.
You must trust all macros and run them.
This utility is on trial of 90 days but Dont worry, Activation is FREE OF COST.
Download:
Excel Runtime
Excel Technical Analysis Utility
How Nifty Moves...
How Nifty Moves......!!
1% move in tcs = 12.46 points move in nifty
1% move in ITC = 10.09 points move in nifty
1% move in infosys = 7.36 points move in nifty
1% move in maruti suzuki = 3.52 points move in nifty
1% move in LT = 4.66 points move in nifty
1% move in drreddy = 3.39 points move in nifty
1% move in icici bank= 4.66 points move in nifty
1% move in hdfc = 5.20 points in nifty
1% move in hdfc bank = 6.63 points move in nifty
1% move in tata motors = 2.44 points move in nifty
1% move in vedl = 1.05 points move in nifty.
1% move in hindalco = 1.33 points move in nifty
1% move in ongc = 6.01 points move in nifty
1% move in ultratech cement = 4.77 points move in nifty
1% move in tata steel = 2.26 points move in nifty
1% move in hcl tech = 3.1 points move in nifty
1% move in wipro = 3.5 points move in nifty
1% move in idea = 1.66 points in nifty
1% move in coal india = 2.10 points move in nifty
1% move in zeel = 0.81 points move in nifty
1% move in sunpharma = 2.98 points move in nifty
1% move in bosch = 2.14 points move in nifty
1% move in bajaj auto = 2.86 points move in nifty
1% move in heromoto= 1.98 points move in nifty
1% move in acc = 0.95 points move in nifty
1% move in axis bank = 3.52 points move in nifty
1% move in indusind bank = 3.18 points move in nifty
1% move in sbi = 5.88 points move in nifty
1% move in cipla = 1.44 points move in nifty
1% move in tech mahindra = 3.17 points move in nifty
1% move in hindustan unilever= 6.04 points move in nifty
1% move in ntpc = 2 points move in nifty
1% move in yes bank = 2.13 points move in nifty
1% move in bank of baroda = 1.88 points move in nifty
1% move in ambuja = 1.74 points move in nifty
1% move in asian paints = 1.17 points move in nifty
1% move in adani ports = 1.35 points move in nifty
1% move in reliance = 8.75 points move in nifty
1% move in gail = 1.77 points move in nifty
1% move in grasim = 2.34 points move in nifty
1% move in kotak bank = 4.32 points move in nifty
1% move in tata power = 0.83 points move in nifty
1% move in bharti airtel = 2.8 points move in nifty
1% move in bhel = 1.55 points move in nifty
1% move in cairn india = 1.62 points move in nifty
1% move in bpcl = 3.5 points move in nifty
1% move in M&M = 3.24 points move in nifty
1% move in pnb = 2.74 points move in nifty
1% Power grid = 0.87 points move in nifty
All Credits to Saroj
1% move in tcs = 12.46 points move in nifty
1% move in ITC = 10.09 points move in nifty
1% move in infosys = 7.36 points move in nifty
1% move in maruti suzuki = 3.52 points move in nifty
1% move in LT = 4.66 points move in nifty
1% move in drreddy = 3.39 points move in nifty
1% move in icici bank= 4.66 points move in nifty
1% move in hdfc = 5.20 points in nifty
1% move in hdfc bank = 6.63 points move in nifty
1% move in tata motors = 2.44 points move in nifty
1% move in vedl = 1.05 points move in nifty.
1% move in hindalco = 1.33 points move in nifty
1% move in ongc = 6.01 points move in nifty
1% move in ultratech cement = 4.77 points move in nifty
1% move in tata steel = 2.26 points move in nifty
1% move in hcl tech = 3.1 points move in nifty
1% move in wipro = 3.5 points move in nifty
1% move in idea = 1.66 points in nifty
1% move in coal india = 2.10 points move in nifty
1% move in zeel = 0.81 points move in nifty
1% move in sunpharma = 2.98 points move in nifty
1% move in bosch = 2.14 points move in nifty
1% move in bajaj auto = 2.86 points move in nifty
1% move in heromoto= 1.98 points move in nifty
1% move in acc = 0.95 points move in nifty
1% move in axis bank = 3.52 points move in nifty
1% move in indusind bank = 3.18 points move in nifty
1% move in sbi = 5.88 points move in nifty
1% move in cipla = 1.44 points move in nifty
1% move in tech mahindra = 3.17 points move in nifty
1% move in hindustan unilever= 6.04 points move in nifty
1% move in ntpc = 2 points move in nifty
1% move in yes bank = 2.13 points move in nifty
1% move in bank of baroda = 1.88 points move in nifty
1% move in ambuja = 1.74 points move in nifty
1% move in asian paints = 1.17 points move in nifty
1% move in adani ports = 1.35 points move in nifty
1% move in reliance = 8.75 points move in nifty
1% move in gail = 1.77 points move in nifty
1% move in grasim = 2.34 points move in nifty
1% move in kotak bank = 4.32 points move in nifty
1% move in tata power = 0.83 points move in nifty
1% move in bharti airtel = 2.8 points move in nifty
1% move in bhel = 1.55 points move in nifty
1% move in cairn india = 1.62 points move in nifty
1% move in bpcl = 3.5 points move in nifty
1% move in M&M = 3.24 points move in nifty
1% move in pnb = 2.74 points move in nifty
1% Power grid = 0.87 points move in nifty
All Credits to Saroj
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