SENSEX AS ON 29.12.2010

comments on chart.

ELLIOT WAVES BY CALDRO

for elliot wave followers 

a beautiful link with good charts showing wave counts.

http://caldaro.wordpress.com/2010/12/01/indias-sensex/

SANDIP SABHARWAL : Turning to a positive stance in the short run as consensus extremely bearish

interesting mail from SANDIP SABHARWAL 

link of blog :  

http://www.sandipsabharwal.com/2010/12/turning-to-positive-stance-in-short-run.html

SENSEX AS ON 17.12.2010

3 charts are attached herewith. 

as shown in 60 min chart we are still moving in a downward channel and are at upper trend line.

as discussed on 3.12.2010, as shown in monthly chart support at green trend line ( which represents break out sideways 

channel) is taken.during last 2 weeks time mid cap n small cap stocks are corrected more in comparison of large cap.

if we see break out from downward channel , long positions can be taken in quality mid cap stocks only. since we are 

close  to year end, nav lifting exercise as well as dec qtr results may give upmoves in such stocks.

for wave count a link from blog of Ilangoji is attached herewith which shows different options.

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjspQjbXqZSoRU3qje0nPMhj52IrNXOJTteFy3biDvp-CZ-91Vo9R4O0jKs3QrNOui59AcPJ6I5-OU8LZSzdqQarfJ9wYCRabAruJXsaTAuNH-0pCbFYP7Y4dMDnAnSVNUFDTV-iXD62G_A/s1600/0.PNG

FKONCO was recommended 

http://pankaj564.blogspot.com/2009/10/fkonco.html

it closed at 109 yesterday.it has corrected from top near 190.  its illiuid scrip. patient investors can add it. in daily chart 

rsi is showing positive divergence. 

sensex weekly chart as on 9.12.10

look at weekly chart attached. after testing 20218 we are moving down again.sentiment is damaged.

long positions can be taken only after cross over of dnward channel which is looking very difficult 

in damaged sentiment. monthly chart upward channel is also broken.

5 DAY SENSEX CHART AS ON 9.12.10

LOOK AT CHART.

MARKET AS ON 7.12.10

look at chart added as on 7.12.2010

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after testing 18955 market has moved up in last week and corrected 50% of fall from 21109 to 18955.

2 charts are attached herewith , one is monthly chart which i s indicative of broader picture.

second one is 60 minute chart showing short term movements and expected support and resistance areas.

comments are in charts.looking at sentiment by actions from regulatory body be selective 

in stocks preferably in large caps only and with strict stop losses .

MARKET AS ON 3.12.10

after testing 18955 market has moved up in last week and corrected 50% of fall from 21109 to 18955.

2 charts are attached herewith , one is monthly chart which i s indicative of broader picture.

second one is 60 minute chart showing short term movements and expected support and resistance areas.

comments are in charts.looking at sentiment by actions from regulatory body be selective 

in stocks preferably in large caps only and with strict stop losses .