IN CHART SHOWING BEJAN DARUWALA'S PREDICTION OLD CHART IS PUT .
IT IS FOR REFERENCE OF HIS PAST PREDICTIONS.
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update as on 1.10.2010
new high made today
short term stop loss level is raised to 19864
MORE I READ YOUR EVERY CHARTS I FEEL LIKE RUNNING AWAY FROM MARKET AS STILL LOT OF STEAM IS LEFT IN MARKET TO RISE.
ReplyDeletePLS LET US KNOW WHAT MR DARUWALA PREDICTS FOR OCTOBER
Dear Manherji,
ReplyDeletegive due respect to price action.prices can go to upper boundary, can go to lower boundary also.
Daruwala's predictions are on chart itself.
if u want to read more stuff go thru this link.
http://pankaj564.blogspot.com/2010/04/astro-predictions-by-bejan-daruwala.html
again i repeat here also it is for reference only. watch price action.
Pankaj Shah
Oops..before i ask something you posted all :)
ReplyDeleteI am smelling "fishy" here as cleaner index reached 20300 ofcourse just 200 points away from your level (previously u replied to me) hats off.. thing is 'i have to concentrate more on price action" just missed yesterday i covered @ 6010. today didn't long. but shorted and waiting.
Regarding the "astro" thanks for the msg. Wah, if it happens, first sugar and ghee to you. finally the 'verdict" went like a "dewali flowerpot".. buzzzzz as i expect. :) now fearing about the "index" the same way.. everybody is telling since aug. fall is gng to come.. still not "yet" :( ulta hogaya tho?? anyway what you said is right "price" that's more impt.than other.
thanks a ton for your post.
r u following "spiral Dates" (US index based) it's giving peak levels on 1st, 8,9,10,15 and 25 th october. Let us see how it "folds" . watching price "action" (BB fight)
ReplyDeleteSo, "fall" is not possible?? but our index is "very much grinding" at the same place is a worry, whether it's for jump or down but heavy put writing in 6100
.channel ht was apprx 2000/2500 pts in sensex adding to 18000 target comes at 20000/20500 and looking at momentum we may see it in sep series itself or latest by first week of oct. - YOUR REPLY..to me simply superb analysis.
ReplyDeleteNow really scary about my "shorts" :(
pankaji sorry to disturb you (after disturbing i am asking sorry :D) if you hv seen any wave counts change in the week end please post.
ReplyDeleteDear Sujatha,
ReplyDeleteseries of questions! u were also on fire like mkt?
yes as per channel break out target zone was apprx 20.5 to 21k (to be frank i was not confident, i just gave targets as per technical studies)and emotions do problem when our heart asks for correction bcz we r short and mkt goes higher n higher we cant enjoy rallies also. so i have taken both actions, churning on cash basis along with puts ranging from 5200 to 6000 for oct series.they will work as a hedge as well as if astro predictions come true will give some money also.i am also stuck with erosion in premiums.but this time at least i am in better shape that i have taken all positions in oct series, so time decay has eroded prems but hopes are alive to cover them back if we come dn from upper end of channel to lower end.on net basis every week money is withdrawn.
now mkt specific ....
near upper end of channel(blue)
with small correction without breaking even first short term reversal lvl, revised new one today.qtr ending, fno expiry, ayodhya verdict all over. at this ht we r observing double action, at every pause short covering and new long positions both r pushing higher.day by we r getting over bought , on dly basis rsi 79 and on weekly basis may be near 75. definitely its time to reduce exposure.i reproduce from last mail..
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" reg bullishness in index stocks i will like to draw yr attention towards qtr ending on 30/9/10 and result season will start. and normally we have seen when evr we are closer to qtr ending mkt follows result calender.IT pack normally is first so we have seen some build in IT stocks in recent days. same way we may see as per results schedule of big company in the sector and build up in sector.....
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actually what i said for result calender will show its action now.i saw today all buyings in last week started moving up. we may see sector specific moves in coming weeks and huge swings.
real direction will be seen by currency moves. US is in a protection mode at cost of other currencies.whenever we see action in us dollar by fed things may reverse in very much sharp way. refer us dollar index chart for past.us dollar index has come dn by more than 10% from 88+ zone.i am watching it as a major reference after PRICE ACTION .
i will be busy socially for 2 dys , more in next week, will be waiting for sugar and ghee to encash my puts. GOD bless u!
regards!