Educational Purpose Only. trend is friend. taal se taal mila. USE GOOGLE TRANSLATOR FOR YOUR LANGUAGE.

Sunday, 2 April 2017

weekly 3 - 7 april - new year alert for market at top

weekly 3 - 7 april - new year alert for market at top

market remain up for last 15 days above green line 500 ma noe at 9120 see chart

next supports are at 8350 8550 8850 ie 50/200/500 dma
bounce in dollar from 64.80 will indicate beginning of fall.

with less rollover and falling open interest from 3.5 to 2.5 cr indicate bull exiting at top and bear build current short position

 technical chart at economictimes of nifty on hourly  range bar give supports see chart



strong and weak stocks are getting equal

strong future  Stocks  32 / other 205 /1800
NHPC PTC CASTROLIND IOC MUTHOOTFIN 
SHREECEM IBREALEST TATACHEM DALMIABHA
YESBANK HINDUNILVR MARICO BANKNIFTY 
HDFC BEML ADANIENT FEDERALBNK ORIENTBANK 
ANDHRABANK ZEEL SINTEX TATAGLOBAL 
CEATLTD EXIDEIND GRANULES CAIRN 
HCLTECH SUZLON LT SSLT PATNI UNIONBANK 

weak future Stocks 9 / other 204 / 1800
GLENMARK KPIT IDFCBANK ASHOKLEY 
COREPROTEC APOLLOHOSP STAR 
NAGARFERT AUROPHARMA


Indian Markets: As per my WD Gann Analysis and Study of Time Cycles, Indian indexes Nifty and Sensex will also fall, however the severity will not like be Australian All Ordinaries Index. Indian Indexes might also bear the brunt of global melt down and could fall till 20 April 2017. Falling from 9210 to 8800, will be only 400 points correction or 4.5% correction as compared to Australian Index as I feel that Indian Nifty should outperform Australian Index.

  • Support: 8792 to 8833 is the support zone for Nifty
  • Time Target: Fall shall continue atleast till 20 April

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