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At Last A Clean Sweep Negative Week: Market Movement
At Last A Clean Sweep Negative Week: Market Movement
At Last A Clean Sweep Negative Week: Market Movement
Toyota Kirloskar Motor Breaks Ground for Building New Community Health Centre
inBy Agency-In
Bidadi to provide quality healthcare for local communities
line with the growing healthcare ties, Toyota Kirloskar Motor increasing local demand for CHC is likely to be com-
its commitment to support needs of the local communi- (TKM) today held a the occasion along with se- pleted in the next 24 to 30
quality healthcare. CHCs are
groundbreaking ceremony nior Government officials months. The new CHC facil-
ATTENTION facilities run by the Govern-
The material contained in the Economic Revolution is for a new Community Health and TKM senior official Mr. ity, when ready, will benefit
based on Fundamental and Technical analysis & other ment of Karnataka to provide
Centre (CHC) at Bidadi, near K V Rajendra Hegde, General more than 120,000 people
scientific methods and also the knowledge and belief of author. affordable and comprehen-
Error can not to be rulled out. The information given is of Bangalore. Dr. C N Manager, EA(State), CSR, from the local communities
sive primary and preventive
General advisory nature only. The Editor, the Publisher and Ashwathnarayan, Hon'ble BIA, and PR. besides highway accident
the Author does not take any consequences arising out of it. medical, dental and mental
Deputy Chief Minister and The Corporate Social victims.
All rights reserved. Reproducing to whole or in part of any healthcare. TKM is invest-
matter including featurs without permision is not permitted. Dr. K Sudhakar, Hon'ble Responsibility (CSR) project Apart from constructing
ing INR 120 million for con-
Legal jurisdiction is Ahmedabad only. The material given in Minister of Health and Fam- was conceived following the the new CHC facility, TKM
the Economic Revolution is the views of author only, it not structing a new two-storied
ily Welfare, Government of appeal to corporates by the will invest in building outpa-
means that Editor is agree with it, so Editor, the Publisher building within the existing
and the printer is not resposible for the contains in writers Karnataka, and Mr. A Ramanagara District Health tient rooms for paediatrics,
CHC premises in Bidadi on
article. Manjunath, Hon'ble MLA of Office for building healthcare OBG, anaesthetics and den-
Narendra Joshi, Editor,The Economic Revolution. the Bangalore-Mysore high-
Magadi constituency graced infrastructure to cater to the tal specialities.
way. Construction of the new
THE 3
Date: 01.02.2021 to 07.02.2021
ECONOMIC REVOLUTION FINANCIAL WEEKLY
Profitable sales below 50218 in Gold & boom at Madhav Ranade Trading levels
(M) 09371002943
66066 in Silver when update on 3711 for Crude oil
Little update pro
or email : 1st / 5th February
move found in Crude oil
with quite volatile trend
COMODITY CORNER
sumamura@dataone.in
2021
from the beginning to the
end of January where the
ASHISH NAYAK BUDGET - BIGGEST NEGATIVE TRIGGER IN LAST 10 MONTHS … IS IT ? ? ?
9376988765, 9924279825
prices remained respec-
tively $50 and Rs.3800 in
rosenayak.1984@yahoo.com Indices weekly levels
below levels of $1800 Rs.51022 & upper levels position trading weekly DATE 1st / 5th FEB 2021
Nymex & MCX crude oil. can be around 51022 by stocks / indices go entry Target Stoploss
MCX crude oil opened with decrease over $200
as being healthy sales crossing 50218 with huge cnx nifty short 13622 13517/412/307/202/097/12992 13727
near Rs.3518 earlier in volume and closing on it. long 13727 13832/937/14042/147/252/357 13622
January & made high at ignoring the psychologi-
cal surface of $2000 at Bear in mind $1804 as BSE SENSEX short 46150 48600/200/47800/400/47000 46750
Rs.3960 before creating near support when $1898 long 46750 47350/950/48550/49150/750/50350 46150
Rs.3520 as one month the beginning of the New
as near resistance for bank nifty short 30500 30050/29600/150/28700/250 30950
low. We said profitable Year after all; it remained
Comex gold. long 30950 31400/850/32300/750 30500
selling will remain un- in normal upward. MCX
MCX silver opened cnx IT short 24800 24450/100/23750/400/050 25150
changed below 185 and gold made its high at
near Rs.68800 in early long 25150 25500/850/26200/550/900 24800
191 in Natural gas by ar- Rs.51750 by opening
January & made its US INDICES
ticle but, the barrier was near Rs.50139 early in
weekly low near Rs.64000 dow 30 short 29980 29600/220/28840/460 30360
not crossed throughout January finally it showed
before making Rs71250 long 30360 30740/31120 29980
the week where normal up Rs.48750 as weekly
as weekly high. We said S&P100 short 1707 1689/71/53/35/17/1599 1725
sales looked around 191 low. We said by our last
last week that the profit- long 1725 1743/61/79/97 1707
levels. As per we men- week article that the prof-
able sales will be un- nasdaq composite short 13160 13020/12880/740/600 13300
tioned 191 target on 185 itable sales will remain
changed below 67000 long 13300 13440/580/720/860/14000 13160
levels was achieved eas- unchanged below 49400
and 67876 in MCX silver dollar index short 90.58 90.38/90.18/89.98/89.78/89.58/89.38 90.78
ily & stated 174 as near and 49822 in MCX gold
this levels did not cross long 90.78 90.98/91.18/91.38/91.58/91.78/91.98 90.58
support did not break where it outlined low be-
steady tree days of the DOLLAR PRICES FOR GOLD / SILVER
during the week and low Rs.48800 with reduc- CRUDE short 55.32 54.8/54.28/53.76/53.22 55.84
tion over Rs.900 after week where it made low
showed price at Rs.220 near Rs.65500 with sell long 55.84 56.36/56.88/57.4 55.32
with bounce over Rs.23 profitable sales out from GOLD short 1845 1827/09/1791/73/55/27/19/01 1863
high levels Rs.49750 & off from 67500 consis-
after the strong buying tently. We advised to out long 1863 1881/99/1917/35 1845
out from low 177 - we had mentioned 48624 as near SILVER short 26.61 26.35/26.09/25.83/25.57/25.31 26.87
support did not break paid members for making
gave a steady boom call boom trade in Silver when long 26.87 27.13/27.39/27.65/27.91 26.61
in Copper to our mem- during week and showed
up high price at 49800 it was running below Iamwritingfirsttimein2021. petrolium sector to the hilt thus tential damage the budget pro-
bers focusing support of 66000 by this they got I took off in December 2020 due showing 48 % higher excise col- posals can cause.
595 where they got Rs.15 after rallying from low
strong profit. We also to personal reasons and the lection. NOW MAY BE THE During the correction please
to Rs.20 of return imme- price 48700 apart from;
mentioned Rs.65400 as COVID hit me in first week Janu- TIME FOR CIGARETTES try and look at following stocks
diately. The readers who we declared $1800 as the ary 2021 putting me in hospital ANDSOMESPECIALCOVID from long term investment
crucial support was not near support where a
want to join in our Com- strong rally remained for 14 days. NOW IAM BACK TAX ON PERSONAL AND angle.
modity trading call mem- broken throughout the HOMEANDRECUPERATING. CORPORATE INCOMETAX. DIVIS LAB ( 3000/3200 )
week and not crossed around the levels. MCX
bership they can call us We will have budget pre- This tax/ cess can be as high as BRITANNIA(3300/3500)
$1895 stated as the bar- silver forms rounding sented on Monday 1st Febru- 3 to 5 % depending on your tax HUL (2000/2100) ASIAN
or message on the given bottom formation on
number to write your full rier. Comex gold showed ary. I am afraid that this budget bracket. PAINTS (2200/2300)
$35 when MCX gold re- January one month chart is going to be a maha big ac- IN THAT CASE, WHAT DON'T MISS GOLD
name. Now you can ac- which indicates about
ported decline over counting exercise by consider- WILL HAPPEN TO CORPO- AROUND 1750 DOLLAR
cess our articles & rec- rally from near support ing all rosy projections for FY22. RATE PROFITABILITYAND LEVEL.
ommendations on Rs.1100 within a month.
Near down Zigzag is 66066 and 64000 & low If one takes govt forecast THE NIFTY EPS PROJEC- MOREANDMOREINDI-
Google by searching may be near 64143 break- for GDP as 11 % for FY22, con- TIONS BASED ON WHICH ANS ARE NOW LOOKING
Ashish Nayak opening below 48500 to
ing 66066 with heavy sidering a cut of 7.5 % for FY 21 MARKETIS RUNNING FAR TO DIVERSIFYBYINVEST-
investing.com. A lope 47833 in MCX gold which …. It will be only 3 or 4 % more AHEAD OF FUNDAMEN- ING OUTSIDE INDIA AND
volume and staying close
was seen over $4 and 28 can be considered as over 2020 GDP. THAT'S A TALS. ALSOINPHYSICALASSETS
beneath it. Nearest
cents in Nymex crude oil near support when an HARD FACT !!! I EXPECT SOME SERI- LIKE GOLD AND SILVER.
Donchian channel
when Rs.359 in MCX update pro move can be THEN HOW CAN BE OUSCORRECTIONTOSETIN KEEPING THAT IN MIND, I
breakout is opening at
crude oil during January seen in the decline of 71720 to 73239 in Silver TAXREVENUEBUOYANCY AFTER THE BUDGET AND HV STARTED GIVING
month. Rs.48500 due to short which can be considered BE 15/20 % OVER FY20 LEV- WE MAY TEST LAST WEEKLYLEVELSFORUSIN-
covering. Lower price ELS ??? it could be at best 8/10 MARCH2020HIGHSANDGO DICES/GOLDANDSILVER.I
MCX crude oil makes as near resistance when
may be below Rs.47833 %. EVEN A BIT LOWER TO- HOPE THESE WILL BE
measured move up pat- normal profitable sales Government has milked the WARDS 12000. That is the po- USEFULL.
tern on one month tech- breaking Rs.48500 with can be found in the rise
heavy volume and stay-
nical chart which gives
cues for remaining boom
from the crucial support
ing close beneath it. En-
tire technical indicators
of below 71720 and up-
per rate may be at 73239
crossing 71720 and clos-
Nifty Support level 13000 and 12660 resistance 14300
Nifty Support level
Rs.3711 and Rs.3556 are coming out from the ing on it. Keep in mind 13000 and 12660 TECHNICAL TREND
when lower rate may be overbought phase slowly $24.70 as support when resistance 14300, nifty
seen at Rs.3556 breaking which is good move for $29.42 as resistance for looks overbought and Sanjay Lad
Rs.3711 with huge vol- short tong terms. We are Comex silver. (M)9820920530
expected to come down to
ume and staying close looking 4 to 7 percentage Disclaimer WEBSITE : www.stockacademy.co.in
support levels as per
beneath it. Entire techni- of movement in Metals These recommenda-
higher time frame charts.
cal indicators are coming and Energy in upcoming tions are based on the But overall trend is bullish as per Qly and monthly charts.
day by the chart patterns theory of technical Some stocks to trade as follows use proper stop loss and read and follow disclaimer
out from the overbought
and the accurate recom- analysis and personal on www.cmilonline.com
phase slowly. Closer up-
mendation will provide observations. This does Name of Stock Action Resistance Support Stop loss Target
per Bollinger band is
to our paid & deal mem- not claim for profit ADANI ENT SHORT SELL 520/540 550 420
opening at 3988 to 4200
bers in time. MCX gold & Loss. We are not BANK OF BAROD SHORT SELL 72 76 60/55
in MCX crude oil which responsible for any profit BHEL SHORT SELL 38 40 30
can be considered as creates Iceland top CHOLA SHORT SELL 420/440 460 340
breakout formation on or losses made by trad- CIPLA BUY 780 760 900
near resistance. Next time ers and investors. It is
one month technical DLF SHORT SELL 270/280 290 220
$56 will work as near re- only the outlook of the HDFC BANK BUY 1300 1280 1400
sistance when $47 as chart which revels un- HERO MOTOR BUY 3100 3080 3500
changing profitable sales market with reference to
near support for Nymex IDFC FIRST SHORT SELL 48 50 35
its previous perfor-
crude oil. below the near resis- INDIAN OIL SHORT SELL 98 100 85
mance. All Judicial you ULTRATECH SHORT SELL 5400 5500 5000
Comex gold showed tance Rs.50218 and
are advised . TECHM SHORT SELL 975 1000 900
6 THE
FINANCIAL WEEKLY
ECONOMIC REVOLUTION Date: 01.02.2021 to 07.02.2021
Levels will confirm next Trend after Union-Budget under the shadow of crashing Global markets
Technical Analysis,Research & Weekly Outlook
(Feb 01 to Feb 05,2021) Enjoy Daily Profit
Nifty-EOD Chart Analysis Lalit dhingra e mail:lalitdhingra@yahoo.com
(Waves structure) web -www.enjoydailyprofits.blogspot.com
Nifty-EOD Chart (29-Jan-2021):- M). 09935006507,09889997271
Technical Patterns and
Formations in EOD charts
Conclusions
1- Corrective Wave-C
(After Putting All Studies Together)
completion and Impulsive 1- Long Term Trend is up.
Wave-1 beginning from 2- Intermediate Term Trend is down.
7511.10 on 24-03-2020 3- Short Term Trend has turned down.
2- Wave-1(9889.05 on 30- Immediate maximum target of Nifty was told at 14754.25 on 16-01-2021 and Nifty crashed
04-2020) 1156 points from 14753.55 which was 0.70 points below the given level and it means that given
3- Wave-2(8806.75 on 18- Waves structure is still valid because last Friday closing was below 55-Day SMA(13654) after
05-2020) more than 13% retracement.
4- Wave-3(12025.50 on As eruption of new variant of Coronavirus therefore all the Global markets are crashing
15-10-2020) and most markets closed in deep Red last Friday. Although Union-Budget will be tabled next
5- Wave-4(11535.50 on 30-10-2020) Monday and Indian markets will react according to its announcements as well as next session
6- Impulsive Wave-5 completion with recent top formation at 14753.55 on 21-01-2021 will be highly volatile therefore firstly sustaining beyond following crucial levels should be
and correction beginning firstly watched in next week to understand final reaction of Indian markets on Union-Budget
7- Correction continuation with recent bottom formation at 13596.75 on 29-01-2021 and new variant of Coronavirus:-
Next supports are as follows:-
Conclusions from EOD chart analysis 1-13500-13546
(Waves structure) 2-13193-13286
3- 23.6% retracement levels- 13044
Waves structure which started from 7511.10 on 24-03-2020 completed at 14753.55
Next resistances are as follows:-
on 21-01-2021 and its correction started that is in continuation with recent bottom 1-13841-13898
formation at 13596.75 on 29-01-2021. 2-14120-14194
3-14455-14619
Nifty-EOD Chart Analysis 4-14701-14753
(Averages & Stochastic) Although Nifty closed below last 25 sessions lowest after loosing 270 points in last hour
last Friday but consolidation patterns formations between 13730-13816 in last 2 sessions
Nifty-EOD Chart (29-Jan-2021):- therefore firstly sustaining it beyond should be watched in the coming week for next Trend
Technical Patterns and confirmation after Union-Budget Next Monday as well as under the shadow of crashing
Formations in EOD charts Global markets due to new variant of Coronavirus.
1- Averages
A- 5-Day SMA is today
at 14006
B- 13-Day SMA is today
at 14325
Weekly Levels
C- 55-Day SMA is today
Haresh Motiani hareshmotiani1961 @yahoo.co.in
http://www.trendchazer.com
at 13654 (M). 9327009035
D- 200-Day SMA is to-
day at11558
LTP STOP T-1 T-2 T-3 T-4 T-5
2- Stochastic %K(5) is at 6.11 & %D(3) is at 8.14 LOSS
AJANTPHARM 1766.0 BUY 1741 1787 1809 1817 1845 1846
Conclusions from EOD chart analysis AXISBANK 662.9 BUY 655 683 687 688 697 706
CASTROLIND 128.2 BUY 125 129 130 133 136 141
(Averages & Stochastic) CENTURYTEX 418.9 BUY 408 428 437 438 442 451
Correction continuation with slipping below 55-Day SMA(13654) which is Inter- COLPAL 1603.3 BUY 1542 1607 1631 1653 1666 1696
CONCOR 433.5 BUY 426 436 446 455 458 463
mediate Term Trend turning down confirmation.
CUMMINSIND 666.35 BUY 619 691 722
As Short term Trend indicator has turned extremely over sold therefore signals of HINDZINC 274.75 BUY 271 279 285 292 302 308
a Pull Back rally which will be seen also if Global markets will not be in crashing mode IDFC 43.75 BUY 43 45 46 47 48 51
as were in previous week due to new variant of Coronavirus. JISLJALEQS 20.95 BUY 20 21 22 23 25 25
KSCL 546.0 BUY 538 549 555 560 561 564
MARICO 415.6 BUY 412 423 426 428 433 433
Nifty-EOD Chart Analysis NATIONALUM 47.9 BUY 47 48 49 50 51 52
NHPC 24.0 BUY 24 24 25 25 25 25
(Fibonacci retracement levels) PTC 60.75 BUY 59 61 62 63 64 67
Nifty-EOD Chart (29-Jan-2021):- SRTRANSFIN 1291.35 BUY 1158 1314 1342 1412 1418
TATAELXSI 2690.6 BUY 2556 2750 2755 2854 2993 3380
Technical Patterns and TVSMOTOR 560.7 BUY 526 565 572 574 593
Formations in EOD charts UBL 1299.7 BUY 1267 1308 1313 1336 1342 1373
Fibonacci retracement BIOCON 371.8 SELL 399 360 347 339 339 307
BRITANNIA 3501.1 SELL 3630 3486 3470 3401 3395 3284
levels of Whole Wave COALINDIA 125.9 SELL 133 126 126 126 122 121
Structure(7511.10-14753.55) DHFL 22.4 SELL 25 21 17 12 5
1- 13.0%- 13811(Cor- DISHTV 12.25 SELL 12 12 11 10 9 6
rected) DIVISLAB 3369.85 SELL 3516 3370 3292 3291 3111 3098
DRREDDY 4602.7 SELL 4965 4579 4380 4360
2- 23.6%- 13044 ESCORTS 1205.7 SELL 1260 1205 1191 1177 1147 1133
3- 27.0%- 12797 GLENMARK 471.55 SELL 489 471 470 459 458 452
4- 38.2%- 11986(Crucial) GMRINFRA 23.85 SELL 26 23 22 20 17
GRANULES 337.2 SELL 351 336 335 327 326 324
5- 50.0%- 11132(Crucial) 7- 70.7%- 9633 9- 78.6%- 9061 INFIBEAM 76.05 SELL 79 76 74 72 71 69
6- 61.8%- 10278(Crucial) 8- 76.4%- 9220 10-88.6%- 8337 IRB 108.45 SELL 113 108 106 105 101 100
MANAPPURAM 156.1 SELL 159 152 150 149 144 144
MCX 1643.45 SELL 1674 1639 1631 1621 1593 1590
Conclusions from EOD chart analysis MUTHOOTFIN 1105.85 SELL 1155 1094 1085 1047 1046 1029
NTPC 88.95 SELL 94 87 81 80 73 62
(Fibonacci retracement levels) Nifty 50 13634.6 SELL 14191 13633 13540 1 3 3 8 8 13193 12991
Nifty Bank 30565.5 SELL 31195 29924 29674 29347 28930 28414
As more than 13% correction has been happened therefore Fibonacci PEL 1311.45 SELL 1474 1260 1228 1198 1151 1118
retracement levels of Whole Wave Structure(7511.10-14753.55) has been up- RELIANCE 1841.95 SELL 1994 1818 1791 1753 1724 1696
TORNTPHARM 2608.15 SELL 2690 2600 2582 2526 2525 2491
dated because "ABC" correction according to its levels may be seen in the TORNTPOWER 308.8 SELL 315 300 295 294 292 285
coming weeks/months/years. TV18BRDCST 28.0 SELL 29 28 27 26 24 23
YESBANK 15.75 SELL 17 16 15 14 12 10
THE 7
Date: 01.02.2021 to 07.02.2021
ECONOMIC REVOLUTION FINANCIAL WEEKLY