WITH VOLUME AND HAS GIVEN A BREAK OUT AS SHOWN IN CHART.BUY WITH
A STOP LOSS BELOW 57 ON CLOSING BASIS.
Friday, April 30, 2010
STOCK TO WATCH : KAMANWALA HOUSING
Saturday, April 17, 2010
MARKET
OBSERVATIONS:
IN WEEKLY CHART TREND LINE WAS BROKEN ON MONDAY AND MKT HAS CLOSED BELOW TREND LINE.
IN WEEKLY CHARTS AFTER A LONG TIME LOWER TOP LOWER BOTTOM FORMATION IS SEEN.
IN DAILY CHARTS YESTERDAY'S LOW WAS AT CRITICAL SUPPORT ON TREND LINE RUNNING FROM BOTTOM OF 15652.
AS PER 1-2-3 PATTERN OUR STOP LOSS LEVEL IS AT 17488
WHICH IS LAST BOTTOM MADE BEFORE LAST TOP OF 18048.
ON BREACH OF 17488 TREND WILL BE REVERSED.IT WILL BE A MARKET TO SELL ON RISE TILL WE SEE
HIGHER BOTTOM HIGHER TOP FORMATION AGAIN.
LOOKING AT WEAKNESS IN GLOBAL MARKETS AND SGX NIFTY
STOP LOSS OF 17488 MAY GET TRIGGERED ON MONDAY.
DEFENSIVE STOCKS LIKE HUL AND COLGATE ARE SHOWING BUYING INTEREST IN WEAK MARKET.
Friday, April 16, 2010
WILL WE TAKE SUPPORT ON TRENDLINE AND BOUNCE?
WILL WE BOUNCE AND MOVE FOR A LAST UP MOVE ?
astro predictions by BEJAN DARUWALA
Bejan Daruwalla needs no introduction. He is the world's most famous astrologer today and appears regularly on TV shows around the world. He is also a best-selling author and columnist. Currently his articles are published in The Sunday Times of India (Mumbai, Kolkata, Delhi and Chennai), Telegraph (Kolkata), Navhind Times (Goa), Dell Annual Horoscope 1998 (New York), News India (New York) and Berkley Communications (London). While, senior astrologer Dharmesh Joshi believes every problem has a solution. He possesses an excellent understanding of real life issues and its dynamics which he successfully addresses in the solutions he provides. His knowledge of Indian scriptures enables him to provide precise astrological remedies. Commodity markets and astro remedies are his areas of expertise.Dharmesh Joshi speaks to Beyond Market on behalf of Bejan Daruwalla for GaneshaSpeaks.com on the global economy, the current financial year, the best performing sectors among others.
bejan and joshi
Q. Do the stars suggest that the global economy is out
of recession?
The global economy is not completely out of recession. The recession started in January 2008 and now we can safely say that the worst is over. However, the recovery will still take a long time and there are a few patches of turbulence before the economy recovers fully. I presume that the world economy will be out of the blues by 2011.
Q. What does the current financial year look like?
There will be a correction around the second half of October '09 after which the market will be somewhat a float. I foresee a correction once again in the second and third week of January '10 (around the period of Makar Shankaranti) and the markets position will be very crucial during the first half of April '10. During the first 20 days of May '10 the market breadth will be negative wherein the market will seem healthy. However, these may be false sentiments. The market will show a negative trend during the last quarter of 2010 creating panic among investors. In short, if we are to summarize:
After 17th Oct '09: Correction
5th Jan '10 to 21st Jan '10: Correction
2nd Apr '10 to 16th Apr '10: Very Crucial
2nd May '10 to 19th May '10: Market breadth negative
30th Sept '10 to 1st Nov '10: Negative trend
7th Dec '10 to 31st Dec '10: Panic among investors
Q. What is the maximum level you see the Sensex and Nifty touching this financial year?
Sensex is expected to touch a maximum level of 18,500 and a minimum level of 13,200, while the Nifty is likely to touch a maximum level of 5,500 and a minimum level of 3,900.
Q. Where do you see the indices five years from now?
Sensex will touch the 50,000 mark in the next five years.
Q. Which sectors according to you would be among the best performers?
I feel pharmaceutical, energy, banking, FMCG and media will be the best performing sectors.
Q. What is your take on sectors like realty and retail that have taken a beating?
Mars, the karaka planet for realty was in Gemini till 5th October, which is an inimical house and then transits to Cancer on 6th October, which is its fall sign. Similarly Venus, the karaka planet for retail is in Leo till 10th October 2009 which is its inimical house after which it will transit to Virgo, which is its fall sign. Hence, these two sectors have been afflicted and are bound to remain so in the next year.
Q. Since equity markets are improving do you think the commodity markets will maintain their upward trend?
Yes, I certainly feel that the commodity markets will maintain the upward trend.
Q. What is the future of gold and crude oil?
The future of gold is bright and the range that I foresee would be between Rs 14,500 and Rs 17,500 per 10 grams while crude will be highly fluctuating but range-bound. Both will bear good returns over long-range investments.
Q. Do you see India as a super power among global economies?
No. I don't see India as a super power among global economies.
GaneshaSpeaks was founded in 2003 by Hemang Arun Pandeet and has steadily grown to be one of the most favoured destinations for astrological guidance using Indian vedic astrology principles. GaneshaSpeaks is a brand owned by SiddhiVinayak Astrology Services Pvt Ltd. GaneshaSpeaks involves Shree Bejan Daruwalla's principles of astrology in delivering personalized experience to each of its customers. The GaneshaSpeaks team consists of young, dynamic and raring-to-go individuals who strive for excellence in all areas of work.
Thursday, April 15, 2010
BAJAJ HIND GOOD ABOVE 141 FOR SHORT TERM
BAJAJ HIND LOOKS GOOD ABOVE 141 FOR SHORT TERM. WITH STOP LOSS BELOW 135
Tuesday, April 13, 2010
Friday, April 9, 2010
BUY HIND UNI LEVER AT 221
HIND UNILEVER IS SHOWING +VE DIVERGENCE IN DAILY AS WELL AS WEEKLY CHARTS.
IT IS AT 61.8 % RETRACEMNET LEVEL OF LAST RISE FROM 166 TO 306.
CAN BE BOUGHT AT CMP 221.
ITS A LONG TERM INVESTMENT CALL.
Thursday, April 8, 2010
INVERSE HEAD N SHOULDER BREAK OUT IN GOLD
look at chart attached. inverse head and shoulder pattern can be seen. we may see 1200+ usd lvls in coming days.
violation of neck line will make pattern invalid.
************************************************************
UPDATE AS ON 12.05.10
GOLD TESTED TODAY 1244 DOLLAR.
TARGET ACHIEVED. PART PROFIT BOOKING IS ADVISED
Tuesday, April 6, 2010
RPOWER INVERSE HEAD N SHOULDER
CHART ATTACHED.
**************************************************************************************************
TARGET ACHIEVED.
TODAY'S HIGH 159.9
CLOSE 158.8
Monday, April 5, 2010
MARKET AND STOCK IDEAS
sensex crossed 17793. so now our stop loss gets revised from 17337 to next higher bottom at 17488.
stock ideas:
tata investments cmp 514 can be bought for short term with stop loss below 488 on closing basis.
til cmp 344 can be bought with stop loss below 330 on closing basis
sona koya cmp 19 , can be bought above 19.5 with stop loss below 18.3 on closing basis
reliance capital cmp 781 can be bought with stop loss below 752 on closing basis
FOLLOW STOP LOSSES STRICTLY.
Saturday, April 3, 2010
MARKET
observations:-
sensex is still making higher high higher low pattern.
trend line from bottom of 15652 still intact.
pace has slowed down.divergence in favour of mid can and small cap stocks can be seen
bcz A/D ratio has started showing positive nos on dn days also.
result calender effects in coming few weeks will be seen.
reliance has started up move again after closing around 1071.
in weekly chart rsi has crossed trend line after a very long time although with -ve divergence.
in weekly chart macd is just testing trigger line. crossover will show positive moves.
in daily chart rsi is still showing -ve divergence.
we are up by nearly 13% from last major bottom of 15652.
stop loss for long positions is at 17337. since we are far away from bottom,
stop loss should be followed strictly. on crossing 17793 stop loss will be revised to next
higher bottom at 17488.
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