Monday, February 28, 2011

sensex as on 28.2.2011

look at attached chart.

--
Concentrate all your thoughts upon the work at hand. The sun`s rays do not burn until brought to a focus.



- Alexander Graham Bell 
 


Saturday, February 26, 2011

nifty as on 25.2.2011

LOOK AT CHART ATTACHED

--
Concentrate all your thoughts upon the work at hand. The sun`s rays do not burn until brought to a focus.



- Alexander Graham Bell 
 

Thursday, February 24, 2011

ARE U A TRADER ? TRY IT......

1.Do analysis take a position

2.Keep a smart stop loss. Stop loss triggered ? You’re out of the position. The position goes in the direction you predicted ? Move to step 3

3.The market is communicating that you are right, in that case, add to the position.

4.Trail the position with smart stop losses.

5.Out of the position only when your stop gets you out.

Monday, February 14, 2011

MARKET BOUNCES...............

on friday sensex made low of 17296 and bounced back strongly and closed in green after a long time.since we have broken 200dma/ema since no of days and we are staying below that level for more than 7/8 days probability of more correction in coming days is more than making new high.

after making top at 21109 we made first low at 18955 and lower top at 20665. next bottom was formed on friday at 17296.so most probably we are retarcing fall from 20665 to 17296.retracemnt levels of 38.2/50/61.8% are 18583/18981/19378.

we should remember that 200 dma is placed near 18800. zone around 200 dma will become a strong resistance for this pull back.watch levels of 18981 and 19378.

Wednesday, February 9, 2011

LETTER OF THE EDITOR OF "THE TIMES OF INDIA " TO THE PRIME MINISTER OF INDIA



LETTER OF THE EDITOR OF "THE TIMES OF INDIA " TO THE PRIME MINISTER OF INDIA

Must Read ! Very Powerfully Worded.

Bravo - Prakash Bajaj, Editor of Times of India .

"I am born and brought up in Mumbai for last fifty eight years.
Believe me, corruption in Maharashtra is worse than that in Bihar
Look at all the politicians, Sharad Pawar, Chagan Bhujbal, Narayan Rane, Bal
Thackray , Gopinath Munde, Raj Thackray, Vilasrao Deshmukh all are
rolling in money. Vilasrao Deshmukh is one of the worst Chief
ministersI have seen. His only business is to increase the FSI
every other day, make money and send it to Delhi , so Congress can fight next
election. Now the clown has found new way and will increase FSI for
fishermen, so they can build concrete houses right on sea shore. Next
time terrorists can comfortably live in those houses, enjoy the
beauty of the sea and then attack our Mumbai at their will.

Recently, I had to purchase a house in Mumbai. I met about two dozen
builders. Everybody wanted about 30% in black. A common person
like me knows this and with all your intelligent agency & CBI, you and your
finance ministers are not aware of it. Where all the black money
goes? To the underworld isn't it? Our politicians take help of these
goondas to vacate people by force. I myself was victim of it. If you have time
please come to me, I will tell you everything.

If this has been a land of fools, idiots, then I would not have ever
cared to write to you this letter. Just see the tragedy. On one
side we are reaching moon, people are so intelligent; and on the other side,
you politicians have converted nectar into deadly poison.I am
everythingHindu, Muslim, Christian, Schedule caste, OBC, Muslim
OBC, Christian Schedule caste, and Creamy Schedule caste; only what I am not is
INDIAN. You politicians have raped every part of Mother India by
your policy of divide and rule.

Take example of our Former President Abdul Kalam. Such an intelligent
person; such a fine human being. But you politician didn't even
spare him and instead choose a worthless lady who had corruption charges and
insignificant local polititian of Jalgaon WHO'S NAME ENTIRE
COUNTRY HAD NOT HEARD BEFORE. Its simple logic your party just wanted a rubber
stampin the name of president. Imagine SHE IS SUPREME COMMANDAR OF
INDIA 'S THREE DEFENSE FORCES. what moral you will expect from our defence
forces? Your party along with opposition joined hands, because
politicians feel they are supreme and there is no place for good person.

Dear Mr Prime minister, you are one of the most intelligent
persons, a most learned person. Just wake up, be a real SARDAR. First and
foremost, expose all selfish politicians. Ask Swiss banks to give
names of all Indian account holders. Give reins of CBI to independent
agency. Let them find wolves among us. There will be political
upheaval, but that will be better than dance of death which we are
witnessing every day. Just give us ambience where we can work
honestlyand without fear. Let there be rule of law. Everything
else will be taken care of.

Choice is yours Mr. Prime Minister. Do you want to be lead by one
person, or you want to lead the nation of 100 Crore people?


Prakash B. Bajaj
Editor Mumbai-Times of India