INFRA STOCKS

look at chart attached of srei infra 

INFRA STOCKS

ON FRIDAY INFRA STOCKS HAS SHOWN GOOD MOVES WITH VOLUMES.

CHARTS OF GMR INFRA AND RIIL ARE ATTACHED HEREWITH.

SENSEX

FRIENDS,

FIRST OF ALL I WILL LIKE TO ADD FEW LINKS WHICH WILL GUIDE US WHERE WE R HEADED.

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEicRQgm30xjq0n5ZSWYruB2XwTj9VxmxoF3u6Vh1RCNfqp4xSUUnDTAcwO6PyeCTPnJC3Q0fWeEIaOUPaCVPWWRd_rJU66VC165DGtULVMPh-ToZ2paJ9XYA2wrypXJQNMxtISOsYDh4EmU/s1600/sensex+option+2+new+as+on+27.11.09

I WILL LIKE TO ADD HERE THAT UP MOVE SHOWN FROM 15331 AS WAVE B.c IS NOW MATCHING WITH AN OPTION THAT WE R IN 5TH WAVE OF RALLY STARTED FROM 8047.I AM NOT AN ELLIOT EXPERT SO I DONT WANT TO GO IN DEBATE OF WAVE COUNTS.I AM CONCERNED WITH CORRECT DIRECTION OF MARKET.

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxSL4bUvohovBqbQdZUgQyxK15iTmCeok-U6toZom0e3EjGqcQAjoWnxN9Ry9UtQF9fqfuhQHnALEorMW96kF7WzGqOF4UqbyLTZvM8vRBR-k2xJDg3sl5yJ6BYTEEB9iD96dZ4aXV4DeK/s1600-h/SENSEX+AS+ON+31.12.2009-771802.PNG

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYwlWtcGYst956AcGWMRVY50WNoECHInI7hos_bUQBlqzyaQb2b062Df0UI0zD28llA2drj23k94FI9ak-onlwboHSG4UQn19-8m4BswrLBwhJDHGfYqOme0ZdcrMzwSWV6C1hTYHposH2/s1600-h/sensex+as+on+4.1.2010-763485.PNG

ON 6/1/10 WE REVERSED FROM 17790 VERY CLOSE TO OUR TARGET OF 17800+.

WHAT NEXT?

look at chart attached. we may correction upto 17186/17000 or 16814 as per 38.2/50/61.8% retracements  from where we may see last up moving euphoric leg of this rally which may prove to be a strong budget rally.

immediate stop loss is at 16578.