Monthly Archives: November 2013

Nifty & Bank Nifty Weekly Technical Outlook for 18th Nov, 2013

Bank Nifty Daily Chart

Bank Nifty Daily Chart

Nifty Daily Chart

Nifty Daily Chart

Everything we hear is an opinion, not a fact. 

Everything we see is a perspective, not the truth. – Marcus Aurelius 

As always there will be difference of opinion between two generations, and that difference gives birth to revolution and new practices. Market trading was very different than what it is now. We all know the mantra which we used to hear from our earlier generation, that “Buy It & Forget It”, and trust us we come to in close contacts with few gentleman’s who made lot of money and still enjoying their fruits in their retirement. But, now everything has become dynamic, investment has transformed into trading, FII’s buying and selling pattern has changed in last couple of years. Earlier, they use to look at yearly returns, than they started looking at Monthly, than Weekly and now they are concerned about intraday volatility and momentum, still there are few who follow old practice, so we’ll not claim that everybody is in same foot. Point we are trying to make is, all long term forecast (some are making predictions as well, don’t know how), are good to prove the smartness and understanding of individual analyst, but is that good for your trading. Answer lies to you.

At Way2Profits, we try to follow one simple practice, to stay with trend (if it’s there), sometimes we fail and sometimes we manage to catch it in right manner, fortunately, last week we were at right side, hopefully next week. To read, our understanding, you just have to Click here to register, and our report will get deliver in your mail box by Sunday evening. And yes, we neither make any forecast, nor we have magic stick for making predictions.

Nifty and Bank Nifty Technical Analysis for 14 Nov’13

Nifty as on 13 Nov’13– 5989.60 (-28.45)    Bank Nifty as on 13 Nov’13– 10523.40 (-59.70)

Nifty and Bank Nifty both closed near to our expected levels, and now it’s thrilling situation for us, whether market breaks or holds above this levels, or just gives false breakout and take reverse? We don’t know, what is going to happen.

In today’s session we might see some profit booking, as Moharram Holiday of 14 Nov is postponed by one day i.e. on 15 Nov, and then after we have weekend, so probably traders may not carry their position.

We keep close eye on 5980 and 10500 levels.

Keep visiting Way2Profits, for unbiased Daily view on the Nifty and Bank Nifty.

Nifty and Bank Nifty Technical Analysis for 13 Nov’13

Nifty as on 12 Nov’13– 6018.05 (-60.75)    Bank Nifty as on 07 Nov’13– 10583.10 (-175.40)

Since from Muhurat Trading session market is consistently falling, seven sessions are already done and we are down by almost 400 points from the highs of 6400 levels.

Now, we have our own doubts regarding this further fall in the market. Simply, from pre and post Diwali sessions media and experts were bullish. Below, 5900 or 5800 levels, this whole sponsorship programme can go haywire and retail would not be interested to enter at all.

What next. We see support in Nifty at 5980, if this level is taken away then we have further 100 points fall, so keep close eye on 5980, we expect some support here.

Similarly, in Bank Nifty below 10550-10500 we see big fall in Bank Nifty. At this juncture it is evident that Bank Nifty could go down, but if it will go down than everybody has to pay for it. So, fingers crossed.

Keep visiting Way2Profits, for unbiased Daily view on the Nifty and Bank Nifty.

Nifty and Bank Nifty Technical Analysis for 12 Nov’13

Nifty as on 11 Nov’13– 6078.80 (-61.95)    Bank Nifty as on 11 Nov’13– 10758.50 (-154.70)

In our weekly report we said “Nifty has support from swing low of 6079” and it closed there. Looking at movement of Nifty it seems that it is ready to test 5975 levels, but volatility may not allow us to take right decision during the market hours.

Bank Nifty is in make or break situation, but finally it closed day with near Doji Candle, which is sign of indecision, amongst market players; optimistic traders must be searching buying opportunity in the session, while we would prefer to wait, as momentum is indicating downside move, but price action is deciphering support.

Keep visiting Way2Profits, for unbiased Daily view on the Nifty and Bank Nifty.

Nifty & Bank Nifty Weekly Technical Outlook for 11th Nov, 2013

Bank Nifty Daily Chart

Bank Nifty Daily Chart

Nifty Daily Chart

Nifty Daily Chart

The man with Insight enough to admit his limitations comes nearest to perfection- Johann Wolfgang von Goethe

So far, everybody is back in action after Diwali Holiday. Till date, we are following similar kind of move which we witnessed three year back on 5 Nov Diwali 2010, which was the final top for the year and top was tested only in recent past. Does that mean Top is already placed? Whenever market reaches to this kind tops and bottoms, there is always going to be a big tussle between Bulls and Bears and no party would allow single thread to keep loose.

In this situation it is very easy to make Bold Statements that “Top is Placed” or “It is just The Beginning – Chap”. At Way2Profits our approach is very clear, daily we approach market with fresh perspective in mind, and give you unbiased view on the market. To read, our understanding of the market you need to register your email id here and get our report delivered to mail box, at no cost Click here to register

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  • If you are already registered and receiving newsletter in weekend, then no need to re-register, again, you’ll receive report timely.
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PMS Status as on 07 Nov’ 2013

PMS STATUS AS ON 07 NOV

 

PMS has given 14.75% return on existing invested capital, also we have booked some profit earlier which is of the value of INR 716 (which is not taken in % calculation). Now, we like to exit from one stock TVS Motors. We’ll update if we add any stock in the portfolio.