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April 2015 Snapshot Nifty & BankNifty

Nifty & Bank Nifty Nifty 50 -Apr 2015 Snapshot Special Report

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Page 1: Nifty & Bank Nifty Nifty 50 -Apr 2015 Snapshot Special Report

April 2015 Snapshot – Nifty & BankNifty

Page 2: Nifty & Bank Nifty Nifty 50 -Apr 2015 Snapshot Special Report

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CONTENTS

Technical Analysis (M.A., PIVOTS, FIBO)

S&P CNX Nifty

Banknifty

Latest Updates

Page 3: Nifty & Bank Nifty Nifty 50 -Apr 2015 Snapshot Special Report

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TECHNICAL VIEW

Moving averages

Moving Averages 21 Day 50 Day 100 Day 200 Day

Daily 8650 8749 8592 8245

Weekly 8638 8155 7143 6275

Fibonacci retracement levels (Daily)

SCRIPT 0.0% 23.6% 38.2% 50.0% 61.8% 100.0%

NIFTY 8323 8529 8655 8758 8861 9192

Weekly Pivot

SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4

Nifty 9085 9003 8921 8888 8839 8806 8757 8675 8593

Monthly Pivot

SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4

Nifty 9826 9466 9106 8980 8746 8620 8386 8026 7666

Page 4: Nifty & Bank Nifty Nifty 50 -Apr 2015 Snapshot Special Report

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Chart Analysis :- S&P CNX NIFTY

Nifty daily Chart

Nifty weekly Chart

Page 5: Nifty & Bank Nifty Nifty 50 -Apr 2015 Snapshot Special Report

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Observations

• The highs of the last two sessions have been broken on the upside in last trading

session and Nifty Futures closed at 8855.45.

• The upward journey continued in Nifty futures for a week and closed with the gains

of around 50+ points in last trading session i.e. on 13/04/2015.

• Currently Nifty future is trading above the short term 21 & 50 daily SMA which are

at 8650 and 8749.

• Nifty is consistently showing recovery from lower levels in the last couple of weeks

and any bearish signal candlestick patterns such as hanging man are not effective.

• On daily charts the positive crossover signal of MACD is considered as a trend

continuation signals for Nifty Futures as MACD is lagging indicator.

Conclusion

The short term trend of Nifty Futures is intact and continues to be up. Now if Nifty

futures gives closing above 61.8 % retracement level (i.e.8873) then further upward

trend may continue towards 9000 & then to the life time high. Immediate support is

to be considered are around 8760-8770 levels.

Page 6: Nifty & Bank Nifty Nifty 50 -Apr 2015 Snapshot Special Report

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Indicator Analysis

Signal (0 -

10)

RSI RSI is 62.0. According to RSI analysis, nifty just got

above it's resistance level and showing good signal.

9.0

MACD MACD: 14.3 and Signal Line: -24.6. According to

MACD analysis, nifty is technically strong.

8.0

Simple Moving Average According to simple moving average analysis, nifty

is in a uptrend. Support level is at 8.71e+03.

9.0

Exponential Moving Average According to exponential moving average analysis,

nifty is in a strong uptrend. Major support levels

are 8663.539, 8644.923, 8159.351.

10.0

Bollinger Bands %b is 0.931. According to bollinger bands, nifty has

moved strongly towards upper band, which is a

positive signal.

9.0

Fibonacci Retracement According to fibonacci retracement, price is above

all levels. Major support is at 8794.4809 and

8694.175. And resistance is at 9119.2.

2.0

Page 7: Nifty & Bank Nifty Nifty 50 -Apr 2015 Snapshot Special Report

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BANKNIFTY

Moving averages

Moving Averages 21 Day 50 Day 100 Day 200 Day

Daily 18681 18873 18912 17355

Weekly 19047 16895 14153 12411

Fibonacci retracement levels (Daily)

SCRIPT 0.0% 23.6% 38.2% 50.0% 61.8% 100.0%

BANKNIFTY 17710 18425 18870 19235 19595 20740

Weekly Pivot

SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4

BANKNIFTY 19468 19268 19068 18962 18868 18762 18668 18468 18268

Monthly Pivot

SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4

BANKNIFTY 20966 20207 19448 19152 18689 18393 17930 17171 16412

Page 8: Nifty & Bank Nifty Nifty 50 -Apr 2015 Snapshot Special Report

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Daily chart

Weekly chart

Page 9: Nifty & Bank Nifty Nifty 50 -Apr 2015 Snapshot Special Report

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On the above chart Banknifty is trading in range bound levels. Currently it has given

closing below 38.2 % retracement level (ie.18872) and there is strong resistance of

19040-19110 so sustaining above the 50% retracement (ie.19234) may lead a bullish

rally in Banknifty.

On the daily chart Banknifty has been consolidating and it is trading below the

crucial resistance of 19110 and in weekly chart also it has not broken upside

resistance so selling might be seen for short term and if it manages to sustain

above 19250 then it will create a good buying opportunity for traders up to the

level of 19550.

Indicator Analysis Signal (0

- 10)

RSI RSI is 51.7. According to RSI analysis, banknifty is technically weak. 1.0

MACD MACD: -92.5 and Signal Line: -164.0. According to MACD analysis, banknifty is marginally strong.

7.0

Simple Moving Average

According to simple moving average analysis, banknifty is facing resistance from its 50-day simple moving average at 18978.37 and

support level is at 1.86e+04.

2.0

Exponential Moving Average

According to exponential moving average analysis, banknifty is in a uptrend. Support level is at 1.88e+04.

9.0

Bollinger Bands %b is 0.691. 5.0

Fibonacci Retracement

According to fibonacci retracement, price is above 38.2% level. Support is at 18797.4686. Resistance levels are 19130.5 and

19463.5314.

3.0

Page 10: Nifty & Bank Nifty Nifty 50 -Apr 2015 Snapshot Special Report

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Latest Updates

April 11, 2015

Industrial index production at 5% in March

Industrial output shows some signs of revival with the IIP in February accelerating by 5 percent, led by mining and manufacturing sectors.

April 13, 2015

Food prices drive March CPI lower to 5.17%

Retail inflation, as measured by the consumer price index (CPI), slowed to 5.17

percent year-on-year in March, government data released today showed,

compared to 5.37 percent in February. The fall was largely broad-based with

food inflation, which constitutes nearly half the index, coming in at 6.14 percent

compared to 6.79 percent in February, clothing and footwear slowed to 6.27

percent YoY from 6.38 percent, though fuel and light inflation perked up a bit.

Accelerating by 5 percent, led by mining and manufacturing sectors.

April 14, 2015

India's GDP growth rate to reach 8% by 2017: World Bank

In India, GDP growth is expected to accelerate to 7.5 percent in fiscal year 2015/16. It could reach 8 percent in FY 2017/18, on the back of significant acceleration of investment growth to 12 percent during FY 2016-FY 2018. The country is attempting to shift from consumption to investment-led growth, at a time when China is undergoing the opposite transition, it said. The bank's twice-a-year South Asia Economic Focus report projected steady increase in regional growth from 7 percent in 2015 to 7.6 percent by 2017 .

Page 11: Nifty & Bank Nifty Nifty 50 -Apr 2015 Snapshot Special Report

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