absolutely correct ! as per this data for 2012 pivot data comes R2-R1-P-S1-S2 ............ 22614 19034 17085 13505 11556 mkt moves as per my 1-2-3 pattern for short term trades above last top 16049 structure may become +ve , today's top at 16005.on crossing 16049 higher bottom of 15358 becomes stop loss for longs.
as per trend lines resistances are apprx 16100/17000 and final reversal for medium term comes on crossing 17908.......
ver easy to give stats, very difficult to take investment decisions...thats why i gave nifty bees option in last mail.....go on accumulating nifty bees on every dip in pyramid manner.......or buy of same amount at regular interval , a mechanised SIP.....
sensex kite is flying high.........! time to be cautious or hedge or part profit booking , we have retraced aprrox 50% of fall from 17908 to 15135.50% lvl comes at 16521, todays high around 16500. look at fibo nos of this upmove in daily chart, 3 gaps also in up move from 15358.
ohhhhhhh pankaj - ji...... i missed ur stock..selected essar oil & voltas and booked out but thinking of buying if any correction comes.
thanks after long time u r posting individual stock. coincidentally i requested u @ VFM forum to post ur sensex chart i came here and seen ur updation :)
time permits pls. keep posting here or @ VFM. tks n advance
some thing is cooking in PSUs like MMTC, HIND COPPER , STC ........some action in budget for fiscal deficit management....stc has already given good move...mmtc and h copper roaring to follow........
we have moved by apprx 2700 pts from bottom of 15135 and 2500 pts from higher bottom at 15358. time to book profits and wait for dips to buy.yet price action has not shown any reversal but rsi is showing -ve div .
be prepared for some correction in couple of days to follow........
on break out from a consolidation range today , traded in larsen, torrent power,booked profits also.... added guj alkali for short term... added ind hotel for investment for medium term..... high risk hig return period started
20% up move completed almost today without any meaningful correction from bottom of 15135...........thoda darna jaruri hai.....in longs , have to be with uptrending stocks only with alert to get out quickly....fund flow continuing from FII..jab tak fund flow hai market ke thath hai !....
today's top is at interesting level(18423). if we draw trend lines connecting bottom of 15745 and top of 17003 , second line connecting bottom of 17314 and top of 17908 both converge at today's top.
along with ONGC other stock looking strong is ITC above 205 zone........indices may correct soon but we may find few stockls to out perform like ongc itc...
as expected and expressed on 17th feb, sensex made an intermediate top around 18500.we are correcting from 18500 zone and today we have reached near 17300 zone. we are reaching near strong support area betn 16800 to 17300. we have retraced apprx 38.2% of last rise from 15358 to 18523 at today's low of 17312.
at the same time we find bearish observation that we have breached prev low made of 17382 and made new low at 17312 after a lower top formation at 18001.so for short positions level of 18k becomes a stop loss.
covered larsen sold at higher level. added torrent power, a defensive bet as well as seems that it has got good buying support around 215 which can be kept as strict stop loss on closing basis.
sensex went up to 18k and reversed ......now broke 17k intra day basis.patterns r quite similar for fall from 18524 to 17009 & 18040 to 16920.....second fall apprx 75% of first fall in value.... time wise almost similar......spinning top followed by gap up opening next day was was seen when we made bottom of 17009 and today also we have made similar candle. at bottom of 17009 we have broken intra day 200 day simple mov avg and closed above, today we have broken and closed near 200 dma .....have we made an intermediate bottom today on expiry.......as we have seen no of times direction changes with new F n O series.as per fibo next imp support comes around 16800 and during up move from 15k to 18.5 k we have made a good bottom around 16800.technically speaking we shd not stay below 200dma for more than 3 dys....momentum is not seen in selling....price action from tomorrow onwards will be highly imp....march end NAV is also a factor to kept in mind.
today sensex top was around 17530, it is 80% retracement of fall from 17687 to 16920(A) and 38.2% retracement of fall from 18523 to 16920 (B) ) ....... up move from this high of 17530 will indicate strength to cross 17687,next fibo 50% of fall ( B ),17722.....
charts of fintech and mcx are getting stronger...... more up moves may confirm end of total correction for FINTECH.
sensex got stopped at 17664.........in an expected range of 17600-17700. today's low so far 17075 is apprx 80% of total rise from 16921 to 17664...it will be healthy if we reverse from here in up ward direction.otherwise we may have to see a low below 16921.........
one more support near 17k ..... and reversal up wards. tomorrow rbi policy ....+ve action by RBI may end correction and up ward break out may be seen..... of course it will be volatile also due to result season.... 17k to 17.4 k immediate range.........below 17k 16.8k a strong and last reliable support....... i m optimistic for up ward direction. let us c what market shows.... 5.00pm 16.04.2012
added FDC at 81...slow mover in pharma sector.sound company, finished buy back in jan 2012 around 96 rs., 200% div payer...weekly and daily both showing +ve divergence in rsi
20621.61 20664.8 15135.86 15454.92
ReplyDeleteIs the above OHLC figures of sensex are right?? by the way "bulls horns"??? :)
tks n advance
regds
absolutely correct !
ReplyDeleteas per this data for 2012 pivot data comes
R2-R1-P-S1-S2 ............
22614
19034
17085
13505
11556
mkt moves as per my 1-2-3 pattern for short term trades above last top 16049 structure may become +ve , today's top at 16005.on crossing 16049 higher bottom of 15358 becomes stop loss for longs.
as per trend lines resistances are apprx 16100/17000 and final reversal for medium term comes on crossing 17908.......
ver easy to give stats, very difficult to take investment decisions...thats why i gave nifty bees option in last mail.....go on accumulating nifty bees on every dip in pyramid manner.......or buy of same amount at regular interval , a mechanised SIP.....
Happy Investing......
Thank you very much for your guidance "pankaj-ji".
ReplyDeleteregards
finally sensex closes above 16100. its time to buy in dips with stop loss at 15358,( higher bottom level after bottom of 15135).
ReplyDeleteThank you Pankaj-ji. but donno still i am consciously long then and then booking profit as per cam and fibo.
ReplyDeleteHappy Makar Sankranthi to you and your family members. Hope ur "kite" is going to fly high @ ur place :)
regds
sensex kite is flying high.........!
ReplyDeletetime to be cautious or hedge or part profit booking , we have retraced aprrox 50% of fall from 17908 to 15135.50% lvl comes at 16521, todays high around 16500. look at fibo nos of this upmove in daily chart, 3 gaps also in up move from 15358.
finally booked profits only counts !
added AEGIS LOGISTIC at 167.
ReplyDeletewow !
DeleteAEGIS 183. booked part !
balance for higher targets !
tata global looking good for short term cmp 95.
mkt highly over bought . have to be stock specific. and alert for any reversal in large caps for profit booking.
HAVELLS at a crucial zone. if closes above 445 zone decisively , can give very good break out.......
ohhhhhhh pankaj - ji...... i missed ur stock..selected essar oil & voltas and booked out but thinking of buying if any correction comes.
ReplyDeletethanks after long time u r posting individual stock. coincidentally i requested u @ VFM forum to post ur sensex chart i came here and seen ur updation :)
time permits pls. keep posting here or @ VFM. tks n advance
wow !
ReplyDeletehavells good break out ! booked partly upto 462 bot at 444.
added petronet at 164 with sl of 160 for target of 170.
not posting in any other forum today due to time constraint.
tata global also showing good strength in weak market......star bucks development 103.......
ReplyDeletegood up move today .107+
Deletetested 120+ booked part....
Deleteadded colpal (colgate ) at 1003 for short term
ReplyDeletecolgate at channel resistace . if crossed , can give break out, otherwise some more correction decisive close above 1010 may give strength.
Deletefinally it crosses 1010 zone , let us c where it gives closing........added few more today....
Deletesome thing is cooking in PSUs like MMTC, HIND COPPER , STC ........some action in budget for fiscal deficit management....stc has already given good move...mmtc and h copper roaring to follow........
ReplyDeleteadded lovable at 407 ......... triangle break out ......downward channel break out........a highly volatile bet........keep strict stop loss.....
ReplyDeletelovable 434.........
Deleteadded small qty adani enterprise! again a risky bet ! to be handled with sl......
ReplyDeletewe have moved by apprx 2700 pts from bottom of 15135 and 2500 pts from higher bottom at 15358. time to book profits and wait for dips to buy.yet price action has not shown any reversal but rsi is showing -ve div .
ReplyDeletebe prepared for some correction in couple of days to follow........
on break out from a consolidation range today , traded in larsen, torrent power,booked profits also....
ReplyDeleteadded guj alkali for short term...
added ind hotel for investment for medium term.....
high risk hig return period started
20% up move completed almost today without any meaningful correction from bottom of 15135...........thoda darna jaruri hai.....in longs , have to be with uptrending stocks only with alert to get out quickly....fund flow continuing from FII..jab tak fund flow hai market ke thath hai !....
Deletel&tfin above 50+ showing strength.....added
ReplyDeleteLntfin 6% +..........
DeleteM n M fin added at 715......
ReplyDeleteMnM fin .........742 !
Delete770.......booked , more than 5% very quickly
Deleteadded pirmal glass at 120
ReplyDeletetoday's top is at interesting level(18423).
ReplyDeleteif we draw trend lines connecting bottom of 15745 and top of 17003 , second line connecting bottom of 17314 and top of 17908 both converge at today's top.
have we made intermediate top for short term? .
time will say......
ONGC coming out of consolidation after a long time.....in past bull run it was used to move up in expiry days .....
ReplyDeleteongc 294
ReplyDeleteENIL has closed above 240 zone. watch tomorrow for intra day buy n sell...............
ReplyDelete21.2.2012 3.35 pm
along with ONGC other stock looking strong is ITC above 205 zone........indices may correct soon but we may find few stockls to out perform like ongc itc...
ReplyDeletelarsen looks weak below 1430.........sold with strict stop loss.....
Deleteongc moving up as expected.....304.......
as expected and expressed on 17th feb, sensex made an intermediate top around 18500.we are correcting from 18500 zone and today we have reached near 17300 zone. we are reaching near strong support area betn 16800 to 17300. we have retraced apprx 38.2% of last rise from 15358 to 18523 at today's low of 17312.
ReplyDeleteat the same time we find bearish observation that we have breached prev low made of 17382 and made new low at 17312 after a lower top formation at 18001.so for short positions level of 18k becomes a stop loss.
covered larsen sold at higher level. added torrent power, a defensive bet as well as seems that it has got good buying support around 215 which can be kept as strict stop loss on closing basis.
seems we have made intermediate bottom around 17k.......in range betn 16.8 to 17.3k mentioned .......
ReplyDeletelarsen.on fire 1300+ again.of course restructuring news helped much....along with +ve mkt.....
budget rally...till mid march?
will like to put current market condition in simple manner.....
ReplyDeletestop loss for long positions 17k....
stop loss for short positions 18k......
RIIL looking ready to explode .........today close around 505.
ReplyDeleteSirji
ReplyDeleteToo much busy........:) all updation here only :) missing ur charts since long time :P
tks n regards
exactly ! correct observation !
ReplyDeletewill try to put charts from april if time permits !
sensex went up to 18k and reversed ......now broke 17k intra day basis.patterns r quite similar for fall from 18524 to 17009 & 18040 to 16920.....second fall apprx 75% of first fall in value.... time wise almost similar......spinning top followed by gap up opening next day was was seen when we made bottom of 17009 and today also we have made similar candle. at bottom of 17009 we have broken intra day 200 day simple mov avg and closed above, today we have broken and closed near 200 dma .....have we made an intermediate bottom today on expiry.......as we have seen no of times direction changes with new F n O series.as per fibo next imp support comes around 16800 and during up move from 15k to 18.5 k we have made a good bottom around 16800.technically speaking we shd not stay below 200dma for more than 3 dys....momentum is not seen in selling....price action from tomorrow onwards will be highly imp....march end NAV is also a factor to kept in mind.
ReplyDeletelet us c.....
wow ! what a reversal from expected levels....... what next...? res area as per trend line & fibo..... 17600-17700...above that very good up move....
ReplyDeletetoday sensex top was around 17530, it is 80% retracement of fall from 17687 to 16920(A) and 38.2% retracement of fall from 18523 to 16920 (B) ) .......
ReplyDeleteup move from this high of 17530 will indicate strength to cross 17687,next fibo 50% of fall ( B ),17722.....
charts of fintech and mcx are getting stronger......
more up moves may confirm end of total correction for FINTECH.
fintech 750.......
Deletefintech 780
Deletesensex got stopped at 17664.........in an expected range of 17600-17700. today's low so far 17075 is apprx 80% of total rise from 16921 to 17664...it will be healthy if we reverse from here in up ward direction.otherwise we may have to see a low below 16921.........
ReplyDeleteone more support near 17k ..... and reversal up wards.
Deletetomorrow rbi policy ....+ve action by RBI may end correction and up ward break out may be seen..... of course it will be volatile also due to result season....
17k to 17.4 k immediate range.........below 17k 16.8k a strong and last reliable support.......
i m optimistic for up ward direction. let us c what market shows....
5.00pm 16.04.2012
added FDC at 81...slow mover in pharma sector.sound company, finished buy back in jan 2012 around 96 rs., 200% div payer...weekly and daily both showing +ve divergence in rsi
ReplyDelete