PANKAJ SHAH

Happy New Year

2011-12-30T18:21:00.001+05:30

NIFTY BEES SIP

2011-12-20T12:25:00.001+05:30

attached here with details of nifty bees from NSE web site.

best to invest fixed amount at regular interval , say rs 10000.00 every month or 5000.00 every fort night, or smaller amounts every week.......... best averageing , mechanised investment in best stocks in emotionless manner........

all the best !

Nifty BeES, the first ETF in India, is being introduced by BENCHMARK, an Asset Management Company on January 8, 2002.

Nifty BeES trades on the Capital Market segment of NSE. Each Nifty BeES unit is 1/10th of the S&P CNX Nifty Index value. Nifty BeES units are traded and settled in dematerialised form like any other share in the rolling settlement.

ISIN code	INF732E01011
NSE symbol	NIFTYBEES
Series	EQ
Reuters code	NBES.NS
Face value	Rs. 10

Benchmark Mutual Fund calculates and disseminates real-time NAV for Nifty BeES on its website www.benchmarkfunds.com and on Reuters Page BEES01.

For further details you may visit the website www.benchmarkfunds.com

Advantages of Nifty BeES

Nifty BeES is Simple: Nifty BeES can be bought / sold like a share through any NSE terminal at prices available on the screen. The underlying portfolio of Nifty BeES very closely replicates that of the S&P CNX Nifty. Hence, Nifty BeES tracks the movement of S&P CNX Nifty.

Nifty BeES is Economical: Nifty BeES is a no load scheme. The annual expense ratio including management fees is a maximum of 0.80% of the Daily Average Net Assets, which is one of the lowest for any mutual fund scheme in India. The costs reduce further to 0.65%, for assets over Rs.500 crore.

Nifty BeES is Convenient: As it is listed and traded on the NSE, Nifty BeES can be bought / sold throughout the trading day just by a call to your broker. This gives you the power to react swiftly to changes in the market. You can even place limit orders. Nifty BeES can be held in your DP account with other portfolio holdings.

Nifty BeES is Liquid: The structure of Nifty BeES attracts liquidity from various sources such as buying / selling by investors, arbitrage with index futures, arbitrage by authorized participants with the underlying shares.

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DARUWALA SEES SENSEX AT 20K IN APRIL - SEPT 2013

2011-11-01T19:59:00.001+05:30

Bejan Daruwala, Astrologer is upbeat on India. According to his crystal ball gazing India is likely to be right at the top soon.

Continuing his bullish outlook, Daruwala sees SENSEX to be at 20000 in between April and September. He says that the avenues of progress is likely to be in hotel, food, chemicals, agriculture, oil and cosmetics.

"Here are the avenues of progress, expansion, growth, demand, supply and finally profit. So again I say it starts around December, a 20,000 Sensex between April to September next year. Again finally and this is very exciting, India for all her corruption is on her way to the top because of this. This is context, communication, IT, correspondence. So believe me and I am 81, an professor of English and every time I come here and I was on the financial times also, India slowly surely will come right on top," Daruwala says in an CNBC-TV18's special show Mahurat Trading.

http://www.moneycontrol.com/video/market-outlook/star-gazing-daruwala-sees-sensex-at-20kapr-sept-fy13_606071.html?utm_source=Article_Vid

HAPPY DIWALI : SENSEX AS ON 25.10.2011

2011-10-25T18:05:00.001+05:30

HAPPY DIWALI !

COMMENTS ON CHART .

Pankaj Shah

sensex monthly chart as on 13.10.2011

2011-10-14T12:16:00.000+05:30

comments on chart.

sensex monthly chart as on 16.9.2011

2011-09-17T12:32:00.001+05:30

comments on chart.

RETRACEMENT LEVELS

2011-08-31T11:06:00.001+05:30

retracement levels for last fall from 19132 to 15766 are given below:

38.2% 17052

50% 17449

61.8% 17846

78.6% 18412

must read

2011-08-29T12:26:00.001+05:30

Date: 23 Aug 2011 03:24
Subject: LETTER OF THE EDITOR OF "THE TIMES OF INDIA " TO THE PRIME MINISTER OF INDIA
To:
Must Read ! Very Powerfully Worded. Bravo - Prakash Bajaj, Editor of   Times of India .

LETTER OF THE EDITOR OF "THE TIMES OF INDIA " TO THE PRIME MINISTER 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 ministers I 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 intelligence 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 everything Hindu, Muslim, Christian, Scheduled Caste, OBC, Muslim OBC, Christian Scheduled Caste, and Creamy Scheduled 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 stamp in the name of president. Imagine SHE IS SUPREME COMMANDER OF INDIA 'S THREE DEFENCE FORCES. What morale 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 a good person.

Dear Mr Prime minister, you are one of the most intelligent person, 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 honestly and 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

PLEASE READ N FORWARD TO AS MANY PEOPLE IN YOUR CONTACT LIST..............

IF EVERYONE FORWARDING THIS MESSAGE EVERYDAY, ATLEAST 10 NEW PEOPLE, THEN IT WILL REACH 1.21 BILLIONS OF INDIA INCLUDING PRIME MINISTER.

  1ST DAY                   10.00

  2ND DAY                    100.00

  3RD DAY                        1,000.00

  4TH DAY                          10,000.00

  5TH DAY                            100,000.00

  6TH DAY                                1,000,000.00

  7TH DAY                                  10,000,000.00

  8TH DAY                                    100,000,000.00

  9TH DAY                                        1,000,000,000.00

  10TH DAY                                      1,210,193,422.00

PROFESSIONAL TIPS

2011-08-10T15:56:00.001+05:30

1. On Earnings:

Never depend on Single income make investment to create a second source.

2.On Spending:

If you buy things u dont need, soon you will have to sell things you need.

3.On Savings:

Dont save what is left after spending, spend what is left after savings.

4.On taking Risk:

Never test the depth of river with both feet.

5.On Investment:

Dont put your all eggs in a single basket.

GUJARAT GAS AS ON 21.7.2011

2011-07-22T10:59:00.001+05:30

look at chart. gujarat gas is on verge of break out. on close above 420 with volumes it will be a good break out.

nifty between 50dma and 200 dma

2011-07-16T11:49:00.001+05:30

look at chart. nifty is stuck between 50 dma and 200 dma.more over a triangle is also seen. break out from the triangle will give short term direction.

BHARTI SHIPYARD

2011-07-01T12:26:00.001+05:30

BHARTI SHIP YARD made a top of 865 in first week of Jan08 when sensex made top of 21200. after that it corrected upto 45.when sensex made bottom of 8047 in march 09.it was a huge fall of 820 and we saw pull back up to 353 in Jan 2010. it has tested 121 in last week.which is 75% retracement of rise from from 45 to 353.

daily chart is showing +ve diveregnce. stock can be added with stop loss below 120 on closing basis for long term investment. cmp is rs. 131.

sensex as on 28.6.2011

2011-06-29T12:38:00.003+05:30

Chart attached with comments.

************************************

update as on 1/07/2011

strength was maintained up to 30/06/2011.on crossing 18600 zone sensex tested strong resistance level around 19000 which is on down ward sloping trend line and sell off was seen today.movement in coming days will decide direction of market. decisive cross over of down ward trend line after some correction can be bullish otherwise more weakness to go for a new low.

BIOCON as on 13.6.2011

2011-06-15T12:13:00.002+05:30

look at chart attached.

inverse head and shoulder pattern is seen in biocon.

****************************************************

stock reversed from neck line.

NIFTY AS ON 9.06.2011

2011-06-10T10:38:00.001+05:30

look at nifty weekly chart attached.

we may see a big move in coming few weeks on breaking out from triangle.

nifty as on 16.5.2011 H n S

2011-05-17T19:19:00.001+05:30

look at nifty weekly chart.

actually it is HnS but by error INV HnS was written.

NIFTY HEAD n SHOULDER

2011-05-16T20:03:00.002+05:30

look at nifty weekly chart.

sensex

2011-05-05T16:39:00.001+05:30

comments on chart

sensex as on 26.4.2011

2011-04-26T19:36:00.001+05:30

look at attached chart.

WOLF WAVES

2011-04-21T16:19:00.001+05:30

VENUS REMEDIES AS ON 20.4.2011

2011-04-21T10:36:00.001+05:30

look at attached chart.

ADANI POWER

2011-04-20T18:00:00.001+05:30

chart of adani power is attached. stock is moving in a down ward channel. on closing above 120 can be added with stop loss below 115 on closing basis.

5day chart

2011-04-13T13:21:00.001+05:30

5 day chart attached

sensex as on 11.4.2011

2011-04-12T11:53:00.001+05:30

chart attached with comments.

10 things to know about Anna Hazare and Jan Lok Pal Bill

2011-04-08T16:47:00.001+05:30

1. Who is Anna Hazare?
An retired army man. Fought 1965 Indo-Pak War

2. What's so special about him?

He built a village Ralegaon Siddhi in Ahamad Nagar district, Maharashtra

3. So what?

This village is a self-sustained model village. Energy is produced in the village itself from solar power, biofuel and wind mills.

In 1975, it used to be a poverty clad village. Now it is one of the richest village in India. It has become a model for self-sustained, eco-friendly & harmonic village.

4. Ok,...?

This person, Anna Hazare was awarded Padma Bhushan and is a known figure for his social activities.

5. Really, what is he fighting for?

He is supporting a cause, the amendment of a law to curb corruption in India.

6. How that can be possible?

He is advocating for a Bill, The Jan Lokpal Bill (The Citizen Ombudsman Bill), that will form an autonomous authority who will make politicians (ministers), beurocrats (IAS/IPS) accountable for their deeds.

8. It's an entirely new thing right..?

In 1972, the bill was proposed by then Law minister Mr. Shanti Bhushan. Since then it has been neglected by the politicians and some are trying to change the bill to suit thier theft (corruption).

7. Oh.. He is going on a hunger strike for that whole thing of passing a Bill ! How can that be possible in such a short span of time?

The first thing he is asking for is: the government should come forward and announce that the bill is going to be passed.

Next, they make a joint committee to DRAFT the JAN LOKPAL BILL. 50% goverment participation and 50% public participation. Because you cant trust the government entirely for making such a bill which does not suit them.

8. Fine, What will happen when this bill is passed?

A LokPal will be appointed at the centre. He will have an autonomous charge, say like the Election Commission of India. In each and every state, Lokayukta will be appointed. The job is to bring all alleged party to trial in case of corruptions within 1 year. Within 2 years, the guilty will be punished. Not like, Bofors scam or Bhopal Gas Tragedy case, that has been going for last 25 years without any result.

9. Is he alone? Whoelse is there in the fight with Anna Hazare?

Baba Ramdev, retired IPS Kiran Bedi, RTI activist Arvind Kejriwal and many more.

Filmstars like Aamir Khan r also supporting his cause.

10. Ok, got it. What can I do?

At least we can spread the message. How?

Putting status message, links, video, changing profile pics.

At least we can support Anna Hazare and the cause for uprooting corruption from India.

At least we can hope that his Hunger Strike does not go in vain.

At least we can pray for his good health.

SENSEX AS ON 6.4.2011

2011-04-07T13:19:00.001+05:30

chart attached with comments.

sensex as on 31.3.2011

2011-04-01T15:24:00.001+05:30

CHART ATTACHED.

nifty as on 26.3.2011

2011-03-26T18:48:00.002+05:30

chart attached

*************************************

update on 30.3.2011

we have reached very close to upper boundary of channel,we may see some profit booking here.only on cross over beyond channel we may see further up move.

AUSTRALIA GHAYAL.........

2011-03-25T10:39:00.001+05:30

A SNAP FROM WORLD CUP MATCH AT AHMEDABAD

nifty as on 23.3.2011

2011-03-23T19:11:00.000+05:30

look at nifty charts . consolidation continues............

NIFTY CHART FROM BLOG OF ILANGO

2011-03-19T11:54:00.001+05:30

ENJOY WAVE COUNTS

sensex as on 18.3.2011

2011-03-18T16:43:00.000+05:30

sensex is still not able to close above 18500 zone. we are at crucial support on trend line shown in chart.breach of the same

will indicate new low.

sensex as on 11.3.2011

2011-03-12T12:53:00.000+05:30

as shown in charts we are not able to close above 18500 and 200 ema which is at 18650.

keep strict stop loss of 17632 for long positions on closing basis.

nifty as on 10.3.2011

2011-03-10T19:43:00.000+05:30

look at consolidation of nifty

Politiced Modern Betaal Story

2011-03-09T16:24:00.001+05:30

Hi !!!!

There is a modernised version of Betaal Story relevant to the present political situation. It is worth reading

Politiced Modern Betaal Story

Once there lived an old and pious man, renowned for his honesty. One day his neighbor, a rich merchant comes to him with a request. The merchant was leaving on a voyage and wants the old man to safeguard his wealth, until his
return. The old man agrees and with God as witness promises to protect and safeguard the merchant’s wealth. * **

*The old man then entrusts the safe keep of the merchant’s wealth to his son, from whom he takes an oath of propriety and honesty. Slowly the son starts dipping into the merchants wealth, people notice this and warn the old man of the son’s misdeeds. The old man calls his son asks him to explain, he also reminds him of his oath on following the right path. The son rubbishes the accusations as rumors and the idle gossip of jealous people, who could bear to see his prosperity. The old man accepts the son’s explanation and things go on as before.*

*The merchant returns and demands his wealth. The old man calls his son, who hands over a quarter of the merchant’s wealth saying that is all there was.The merchant realizing that he has been cheated approaches the King. The King listens to the merchant’s complaint and summons the old man. The old man comes to the court with his son and handing him over to the King says “your majesty, the merchant is right. My son has confessed to the crime. Please punish him.”* **

*The king has the son flogged and imprisoned. He then praises the old mans honesty and dismisses the case. But the merchant demands punishment for the old man saying, “I have still not received justice. I had entrusted my wealth to the old man which he swore by God to safeguard. The old man’s integrity is intact, but what of me, I have been robbed of my life’s savings, and made a pauper. It was the old man’s decision to entrust my wealth the son for safe keeping. As far as I am concerned the old man is the culprit, and should be punished.* **

* The king is astounded by this demand. The old man, was neither a party to the theft nor did he benefit from it. In fact, he had sent his son to jail. Yet, the merchant was asking for the old man’s punishment.*

*The Betal asks Vikramaditya, “What should be the Kings decision.”* **

· Vikramaditya’s replies, “Though the old man is innocent of the actual theft, he is guilty of dereliction of duty. The son’s crime was a straight forward one, the old man’s was a graver crime. He did nothing to protect the merchant’s wealth. Far from being vigilant he failed to take action even when he was warned of his son’s misdeeds. Because of his laxity the merchant is condemned to a life of penury. He should be punished.” **

*India 2010, Dr. Manmohan Singh, esteemed economist, former Governor of RBI, Deputy Chairman of Planning Commission, former Finance Minister, a man whose personal ethics and integrity are unblemished, takes oath to protect and safeguard the Nation and its assets. He appoints Raja, as his Cabinet Minister for IT & Telecom.*

* Unlike the story, this heist of a precious national asset is carried out in full view of Dr. Manmohan Singh and his cabinet colleagues. Newspapers across the country cry out at this outrage in front page headlines.*

* The Indian Constitution grants the Prime Minister absolute power in running the country. He is the head of the Government and the Union Cabinet functions at his pleasure. As per the Transaction of Business Rules the
Prime Minister has the unrestricted right to demand and get any file, any record from any Ministry. Dr. Man Mohan Singh could have at any time stopped this heist of a National asset, yet he chose to remain silent. The Minister’s failure to exercise his constitutional rights has caused irreparable loss to the Nation.*

* Dr. Singh did not profit personally from Raja’s shenigans, but his failure to act, to honor the oath of office, to protect and safeguard the nation and its wealth is unforgivable. Like the old man, he has sacked Raja from his ministerial berth, but does his culpability end there.*

* The people of India had entrusted their faith and the future of the Nation in Dr. Manmohan Singh, believing him to be a man of integrity and honesty, and not to Raja. Does dismissing Raja absolve Dr. Singh or like the old man is he guilty of dereliction of duty and failure to safeguard the Nation and its citizens. Does he deserve punishment?*

*It is for the Indian citizen to decide.

TREND LINES

2011-03-08T17:37:00.001+05:30

trendlines are shown in chart attached

2011-03-08T10:30:00.001+05:30

Do u Know Ur Value....!

A well-known speaker started off his seminar by holding up a Rupee 500 note.

In the room of 200, he asked, "Who would like this Rupee 500 note?"

Hands started going up. He said, "I am going to give this note to one of you but
first let me do this." He proceeded to crumple the note up. He then asked, "Who
still wants it?"Still the hands were up in the air.

"Well," he replied, "What if I do this?" And he dropped it on the ground and
started to grind it into the floor with his shoe. He picked it up, now all
crumpled and dirty. "Now who still wants it?"

Still the hands went into the air.
"My friends, you have all learned a very valuable lesson.

No matter what I did to the money, you still wanted it because it did not
decrease in value. It was still worth Rupee 500/-. Many times in our lives, we
are dropped, crumpled, and ground into the dirt by the decisions we make and
the circumstances that come our way. We feel as though we are worthless.

But no matter what has happened or what will happen, you will never lose your
value. You are special. Don't ever forget it! Never let yesterday's
disappointments overshadow tomorrow's dreams.

"VALUE HAS A VALUE ONLY IF ITS VALUE IS VALUED"

GODREJ IND AS ON 1.3.2011

2011-03-03T11:10:00.001+05:30

look at chart attached

sensex as on 1.3.2011

2011-03-01T17:59:00.001+05:30

look at chart . after along time again we r on verge of forming a higher bottom higher top formation.on closing above 18500 it

will be confirmed. stop loss for long position below 17632 on closing basis. i have attached 2 more charts of past days

observations shared somewhere else.

sensex as on 28.2.2011

2011-02-28T19:11:00.001+05:30

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

nifty as on 25.2.2011

2011-02-26T18:32:00.001+05:30

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

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

2011-02-24T10:20:00.000+05:30

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.

LIST OF HOLIDAYS AT BSE

2011-02-15T13:31:00.002+05:30

http://www.bseindia.com/about/listholi.asp

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

2011-02-14T10:25:00.002+05:30

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.

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

2011-02-09T12:26:00.001+05:30

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

NIFTY DOWN WARD CHANNEL

2011-01-31T19:27:00.001+05:30

LOOK AT DOWNWARD CHANNEL

SENSEX AS ON 31.1.2011

2011-01-31T16:35:00.001+05:30

comments on charts.

SENSEX AS ON 27.1.2010

2011-01-28T15:28:00.001+05:30

comments on chart

THE HAIRCUT

2011-01-22T13:22:00.001+05:30

One day a florist went to a barber for a haircut. After the cut, he asked about his bill, and the barber replied, 'I cannot accept money from you, I'm doing community service this week.' The florist was pleased and left the shop. When the barber went to open his shop the next morning, there was a 'thank you' card and a dozen roses waiting for him at his door.

Later, a cop comes in for a haircut, and when he tries to pay his bill, the barber again replied, 'I cannot accept money from you , I'm doing community service this week.' The cop was happy and left the shop. The next morning when the barber went to open up, there was a 'thank you' card and a dozen donuts waiting for him at his door.

Then a Member of Parliament came in for a haircut, and when he went to pay his bill, the barber again replied, 'I can not accept money from you. I'm doing community service this week.' The Member of Parliament was very happy and left the shop. The next morning, when the barber went to open up, there were a dozen other Members of Parliament lined up waiting for a free haircut.

And that, my friends, illustrates the fundamental difference between the citizens of our country and the politicians who run it.

sensex as on 17.1.2011

2011-01-18T11:24:00.001+05:30

market is correcting from recent top of 21109. we have seen 18779 yesterday. on daily charts we can see +ve divergence.we r close to 200ema and few points away from 200dma.50% retracement of last major up move from 15960 to 21109 is also close to 18500.last major break out from sideways channel was from 18475.

i have attached daily as well as weekly charts from Tony Caldro's report with his wave count.according to him we are on minor wave 4 c. looking at daily chart attached we can see +ve divergence in rsi ( 5 ).

have we completed 4 c and are we on next wave 5 upwards?

price action has to yet to confirm the same.

bearish wave count considers that we have topped out at 21109 and we have made lower top at 20665 and we are on 3rd down ward wave.

let us c what unfolds.

Open letter to our political leaders: India Inc

2011-01-18T10:21:00.002+05:30

17th-Jan-11 17:56

Alarmed at the widespread governance deficit, corruption that is corroding the fabric of the nation and issues like environmental concerns that are impeding economic development, a group of 14 India Inc leaders including Deepak Parekh, Azim Premji, N Vaghul, Keshub Mahindra, Jamshyd Godrej, Yezdi Malegam, Bimal Jalan, Justice BN Srikrishna, Anu Aga, Ashok Ganguly, M Narasimhan, A Vaidyanathan, Nachiket Mor and Justice Sam Variava have written an open letter to the country’s political leadership.

An Open Letter to our Leaders

We are a small group of like-minded citizens who are concerned with the general deterioration in the overall value system of the nation, but have abiding belief and commitment in India’s potential and prospects as a successful democracy. We are a fraction of a very large number of Indians who, we believe, share our hopes and aspirations but have no means to channel their views and opinions in India’s public domain.

In the last few months, the country has witnessed eruption of a number of egregious events, thanks to an active media eagerly tracking malfeasance. There are, at present, several loud and outraged voices, in the public domain, clamouring on these issues which have deeply hurt the nation. We do not wish to add to the confusion by joining that debate. What we are deeply worried about is not to allow India’s huge growth potential and poverty alleviation challenges to be diluted or digressed from, and which would be a great loss, especially to the poor and the dispossessed.

Our aim is to try and rise above the present clamour and seek a more confident and purposeful national environment.

As concerned citizens, who have full confidence in the country’s ability to reach its social and economic development potential, and who have a deep and abiding faith in India’s prospects for a vibrant, pluralist and successful democracy, we have put down a few thoughts. This letter is the beginning of our aim to develop specific actions and recommendations which shall be placed in the public domain, from time to time.
1. We are alarmed at the widespread GOVERNANCE DEFICIT almost in every sphere of national activity covering government, business and institutions. Widespread discretionary decision making have been routinely subjected to extraneous influences. The topmost responsibility of those at the helm of the nation’s affairs must be to urgently restore the self-confidence and self-belief of Indians in themselves and in the State as well as in Indian business and public institutions which touch the lives of every Indian. The judiciary is a source of some reassurance but creation of genuinely independent and constitutionally constituted regulatory bodies, manned by persons who are judicially trained in the concerned field, would be one of the first and important steps to restore public confidence.
2. Possibly, the biggest issue corroding the fabric of our nation is ‘CORRUPTION’. This malaise needs to be tackled with a sense of urgency, determination and on a war footing. The institution of Lok Ayuktas, vested with adequate powers, would go a long way in effecting the needed correction, as is evident from the example of Karnataka. There is a need for every State to have effective and fully empowered Lok Ayuktas and indeed for early introduction of the Lok Pal Bill at the national level, for the purpose of highlighting, pursuing and dealing with corruption issues and corrupt individuals. Apart from speedily installing independent Lok Ayuktas, it is essential that their investigative agencies and law enforcing bodies should be made independent of the Executive. Amongst several urgent steps needed, this is possibly the most critical one that the nation can immediately initiate in order to reassure its citizens that corruption will be most severely dealt with, both at the branch and at the root level.
3. Time is overdue for India’s elected representatives to DISTINGUISH BETWEEN DISSENT AND DISRUPTION, while in the era of coalitions, tolerance of compromise still remains a challenge. Elected legislators and leaders must acknowledge and demonstrate their collective role and responsibility in restoring a sense of purpose and confidence in national institutions.
4. It is widely acknowledged that the benefits of growth are not reaching the poor and marginalised sections adequately due to impediments to economic development. This is because of some critical issues like ENVIRONMENTAL CONCERNS and differences in perspectives between central and state governments.
5. It is imperative to establish ways and means, for every Indian, to feel that they have genuine equal opportunities, access to decision makers and a stake in India’s progress. Dealing determinedly with GOVERNANCE and aggressively against CORRUPTION, while openly debating these issues by elected legislators is the only means left to reassure our citizens.

We believe that through urgent, concerted action in which we are ready to lend a hand, positive change can be achieved.

WAKE UP INDIANS!

2011-01-12T12:21:00.001+05:30

first of all i will like to put a link which narrates what people can do if they wish. it is about NAVNIRMAN MOVEMENT of Gujarat which started with steep 20% rise in food bill in L.D.Engg. College at Ahmedabad and it turned into a great movement without a single political leader which compelled the chief minister to resign.mlas to resign, finally prime minister Mrs. Indira Gandhi was compelled to dissolve the assembly.

http://indiatoday.intoday.in/site/Story/2727/Cover%20Story/Pulse+of+the+people.html

if we compare it with current environment in our country, we see no of corruption issues coming out by politicians .prices of basic commodities are sky rocketing with great economist prime mister surrounded by corrupt leaders.even after scams are public the leaders are thick skinned that they reluctant to resign . size of scams are also going high n high.

Mrs. India Gandhi accepted corruption as a global phenomenon and it was accepted.people who deal with govt departments consider govt officials as their partners bcz they have to pay their fixed share whether they earn or loose.corruption percolating to more n more lower levels from top.

they are considering citizens fool and make drama of setting up committees which again are headed by tainted people, and waste of public money.

previously when we got freedom, leaders were coming in politics to serve nation. now most of them are coming as a business to make big money by unfair means.they are giving tickets to devils who can win elections for them.they are getting good remuneration now.

they are going for all types of discriminatory actions to divide Indians in their vote banks.they r diving on basis of religion, reservations and other parameters.

we Indians should now act unitedly to fight all these evils . system has been corrupted from top and going down n down. it is to be corrected from bottom thats by people only.

BEJAN DARUWALA Markets in 2011: What do the stars foretell?

2011-01-03T17:30:00.001+05:30

Q: What are the stars predicting for markets in 2011?

A: I am afraid that 2011 will be one of many mixed trends and variations. Astrology is all about timing. The first trend will be from January to July and that will be slightly tough. Terrorists will be active, there may be natural calamities, death of a leader, god forbid, is possible. Economic crunch is certain and this will not help buying, selling, producing power at all of the bigger nations and because of that they will not be able to invest in our country.

I am reasonably correct, not always but reasonably. I have an average of 75%. The first trend is from January to July end which is the tough one. The second trend is from August 2011 to January 2012. And the third trend will start from February-March 2012. I can promise you that that the buying power of India, the economic muscle of India, the infrastructure of India, the education and the health of India will be pure gold. So we are on the way up.

So I would say wait for one year. Trust this Ganesha devotee, Hanuman devotee, trust this man who also loves Allah. Wait for a year and all of you will give me sweetmeats. But wait for a year.

larsen as on 31.12.2010

2011-01-03T12:23:00.000+05:30

chart with comments of larsen attached herewith.

SENSEX AS ON 29.12.2010

2010-12-29T18:56:00.001+05:30

comments on chart.

ELLIOT WAVES BY CALDRO

2010-12-23T11:12:00.001+05:30

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

2010-12-22T12:46:00.001+05:30

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

2010-12-17T17:18:00.001+05:30

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.

http://1.bp.blogspot.com/_ot1WH5p4Xr4/TQoiQ3f5AWI/AAAAAAAAOts/j48r7ASDzqg/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

2010-12-10T10:53:00.001+05:30

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

2010-12-09T11:28:00.001+05:30

LOOK AT CHART.

MARKET AS ON 7.12.10

2010-12-07T19:28:00.001+05:30

look at chart added as on 7.12.2010

***************************************************************

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

2010-12-04T13:24:00.001+05:30

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 .

SENSEX AS ON 23.11.2010

2010-11-23T17:06:00.001+05:30

look at charts attached. comments on chart.l

A Story of Appreciation - Must read

2010-11-23T16:56:00.001+05:30

This is a powerful message in our modern society.

We seemed to have lost our bearing & our sense of direction.

One young academically excellent person went to apply for a managerial position in a big company.

He passed the first interview, the director did the last interview, made the last decision.

The director discovered from the CV that the youth's academic achievements were excellent all the way, from the secondary school until the postgraduate research, never had a year when he did not score.

The director asked, "Did you obtain any scholarships in school?" the youth answered "none".

The director asked, " Was it your father who paid for your school fees?" The youth answered, "My father passed away when I was one year old, it was my mother who paid for my school fees.

The director asked, " Where did your mother work?" The youth answered, "My mother worked as clothes cleaner. The director requested the youth to show his hands. The youth showed a pair of hands that were smooth and perfect.

The director asked, " Have you ever helped your mother wash the clothes before?" The youth answered, "Never, my mother always wanted me to study and read more books. Furthermore, my mother can wash clothes faster than me.

The director said, "I have a request. When you go back today, go and clean your mother's hands, and then see me tomorrow morning.*

The youth felt that his chance of landing the job was high. When he went back, he happily requested his mother to let him clean her hands. His mother felt strange, happy but with mixed feelings, she showed her hands to the kid.

The youth cleaned his mother's hands slowly. His tear fell as he did that. It was the first time he noticed that his mother's hands were so wrinkled, and there were so many bruises in her hands. Some bruises were so painful that his mother shivered when they were cleaned with water.

This was the first time the youth realized that it was this pair of hands that washed the clothes everyday to enable him to pay the school fee. The bruises in the mother's hands were the price that the mother had to pay for his graduation, academic excellence and his future.

After finishing the cleaning of his mother hands, the youth quietly washed all the remaining clothes for his mother.

That night, mother and son talked for a very long time.

Next morning, the youth went to the director's office.

The Director noticed the tears in the youth's eyes, asked: " Can you tell me what have you done and learned yesterday in your house?"

The youth answered, " I cleaned my mother's hand, and also finished cleaning all the remaining clothes'

The Director asked, " please tell me your feelings."

The youth said,

Number 1: I know now what is appreciation. Without my mother, I would not be successful me today.

Number 2: by working together and helping my mother, only I now realize how difficult and tough it is to get something done.

Number 3: I have come to appreciate the importance and value of family relationships.

The director said, " This is what I am looking for to be my manager. I want to recruit a person who can appreciate the help of others, a person who knows the sufferings of others to get things done, and a person who would not put money as his only goal in life. You are hired."

Later on, this young person worked very hard, and received the respect of his subordinates. Every employee worked diligently and as a team. The company's performance improved tremendously.

A child, who has been protected and habitually given whatever he wanted, would develop "entitlement mentality" and would always put himself first. He would be ignorant of his parent's efforts. When he starts work, he assumes that every person must listen to him, and when he becomes a manager, he would never know the sufferings of his employees and would always blame others. For this kind of people, who may be good academically, may be successful for a while, but eventually would not feel sense of achievement. He will grumble and be full of hatred and fight for more. If we are this kind of protective parents, are we really showing love or are we destroying the kid instead?*

You can let your kid live in a big house, eat a good meal, learn piano, watch a big screen TV. But when you are cutting grass, scrubbing or cleaning the floor, running errands, please let them experience it. After a meal, let them wash their plates and bowls together with their brothers and sisters. It is not because you do not have money to hire a maid, but it is because you want to love them in a right way. You want them to understand, no matter how rich their parents are, one day their hair will grow gray, same as the mother of that young person. The most important thing is your kid learns how to appreciate the effort and experience the difficulty and learns the ability to work with others to get things done.

DISCLAIMER:
The text of this email may contain information, which is proprietary and/or confidential or privileged in nature belonging to Kotak Mahindra Asset Management Co. Ltd. The recipient if not the addressee should not use this message if erroneously received and access to this email by anyone other than the addressee is unauthorized. The recipient if not the intended addressee should delete the message. The recipient acknowledges that Kotak Mahindra Asset Management Co Ltd. may be unable to exercise control or ensure or guarantee the integrity of the text of the email message and the text is not warranted as to completeness and accuracy and is subject to change without notice. The recipient further acknowledges that the views contained in the email message are those of the sender and may not necessarily reflect those of KMAMCL. Before opening and accessing the attachment please check and scan for virus.

If there is any reference to any scheme of Kotak Mutual Fund in this mail, such reference shall not be construed as advise for investment in the scheme or as literature for selling the scheme; receipient of this mail may read the offer document available on www.kotak.com to uderstand the details of the scheme and risks associated with it. If there is any reference to tax treatment with respect to any dividends, interest or capital gains or any such returns on any scheme of Kotak mutual fund, such reference shall not be construed as tax advise; receipeint of this mail shall consult his/her tax advisor for clarity and understanding tax implication.

TRENDLINES GIVING SUPPORT & RESISTANCE

2010-11-18T17:00:00.001+05:30

LOOK AT CHART . TREND LINES GIVING SUPPORT AND RESISTANCES ARE SHOWN.WE H AVE CLOSED BELOW 50 DMA FOR

LAST 2 DYS.ON INTRADAY BASIS WE BROKE SUPPORT ZONE OF 19700/800 ZONE BUT ON CLOSING BASIS IT IS STILL

INTACT.

MARKET

2010-11-16T12:20:00.001+05:30

after making top of 20855 we saw correction up to 19769 and started moving up again and made new top at 21109.

19700/19800 has been a strong sup in sep and oct month.after making top at 21109 and making a new closing all time high

market is correcting. watch 19700/19800 zone. break of same may bring more pain. next strong support zone may come at

apprx 19200 on trend line connecting prev bottoms of 15960 and 17820.cross over of 20500 may give first indication of end of

ongoing correction.

HPCL AS ON 15.11.2010

2010-11-15T19:09:00.002+05:30

LOOK AT CHART ATTACHED.

COMMENTS ON CHART

***********************************

update as 1.12.10

hpcl has corrected alongwith market, has reached to a crucial sup zone, those holding can average here

HAPPY DIWALI

2010-11-04T15:52:00.001+05:30

Dear All,

May this Diwali Light up

new dreams, fresh hopes,

undiscovered avenues,

different perspectives,

everything bright

& beautiful and

fill all your

days with

pleasant surprises

and moments.

Wish you all

a very very happy &

colorful Deepavali.

SENSEX AS ON 29.10.2010

2010-10-30T19:04:00.001+05:30

after last top at 20855 we have seen lower top at 20452. on Friday we bounced from strong sup area around 19800 from where no of bottoms are seen in chart.still we are in downward channel.coming days will be full of events which can have impact on markets and we may see volatility also.

* RBI policy - change in interest rates

* FED meeting- announcement of further actions

* Coal India listing - refunds credit

* Obama visit to India - IT/ Defense industry related announcements

us dollar index and Indian rupee is also in sideways . quarterly earning season is almost over. liquidity from foreign flows , the major trigger for rally will be decided in coming days . so we may see decisive move after clarity in next week.

decisive break of 19800 can generate sharp dnmoves bcz of tentative inverse head n shoulder pattern shown in chart.

decisive close above 20350 or decisive move above 20450 may indicate end of correction started from 20855 .

fibo levels for reference.

17820 to 20855

38.2 % 19696

50 % 19338

61.8 % 18979

20855 to 19769

38.2 % 20184

50 % 20312

61.8 % 20440

SENSEX AS ON 25.10.2010

2010-10-25T17:44:00.001+05:30

LOOK AT CHART ATTACHED.

SENSEX AS ON 15.10.2010

2010-10-17T13:21:00.008+05:30

as shown in chart we crossed recent top of 20706 and made new high of 20855 and have broken last low of 20107 which was made before top of 20855. sensex closed at 20125 on Friday . we have seen higher high and higher low pattern since may end from 15960. on decisive moves below 20107 that pattern will change and we will be in sell mode with stop loss of last top made at 20855.

actually we should watch market in global perspective more precisely, we should look at global currencies .us dollar index has gone below 77 where it may get support and bounce may be seen. as shown in daily chart of us dollar index +ve divergence is seen in rsi chart but price action is yet to give confirmation.with weakness in dollar funds are flow to relatively stronger economies. change of direction of the same may change direction of fund flow.

if profit booking seen in last week is for mega ipo of coal India only prices shd not correct more.watch price action. sharp moves in currencies may bring sharp corrections in equity,gold and crude markets.

***************************************************************

UPDATE AS ON 18.10.10

STOP LOSS OF 20107 TRIGGERED DECISIVELY. SELL WITH STOP LOSS OF 20855

****************************************************************

update as on 20.10.2010

we have made lower top of 20332 on 19.10.2010 and broken bottom of 19870 made on 18.10.2010

STOP LOSS REVISED FOR SELL POSITIONS FROM 20855 TO 20332.

*******************************************************************

UPDATE AS ON 23.10.2010

WE HAVE RETRACED UP TO APPRX LOWER TOP FORMED AROUND 20350 AND CORRECTED AGAIN.50% RETRACEMENT LVL OF FALL FROM 20855 TO 19823 IS ALSO AT 20339.US DOLLAR INDEX AND RUPEE HAS ALSO SHOWN SIMILAR PATTERNS.

DECISIVE MOVE ABOVE 20350 ZONE WILL BRING MORE STRENGTH.OTHERWISE WEAKNESS WILL CONTINUE.

STOP LOSS FOR LONG POSITIONS

2010-10-13T15:46:00.001+05:30

NIFTY CROSSED PREV TOP OF 6222 AND MADE NEW TOP AND SENSEX ALSO TESTED PREV TOP (VERY CLOSE )

SO STOP LOSS LEVELS FOR LONG POSITIONS ARE REVISED AS GIVEN BELOW.

stop loss levels for short/medium and long term

short term 20107

medium term 17820

long term 15960

US DOLLAR IND RUPEE MONTHLY CHART

2010-10-07T12:52:00.001+05:30

LOOK AT CHART AND AND READ COMMENTS ON CHART.

Business Standard: Sebi sticks to September 30 deadline for FII restructuring

2010-09-30T11:56:00.001+05:30



Sebi sticks to September 30 deadline for FII restructuring

The Securities and Exchange Board of India (Sebi) has clarified that it would not extend the September 30 deadline for foreign institutional investors (FIIs) to restructure themselves as broad-based entities.
Read More



www.business-standard.com Email This Article

MARKET UPDATE AS ON 29.9.10

2010-09-29T18:42:00.004+05:30

LOOK AT 5 CHARTS ATTACHED HEREWITH.

IN CHART SHOWING BEJAN DARUWALA'S PREDICTION OLD CHART IS PUT .

IT IS FOR REFERENCE OF HIS PAST PREDICTIONS.

**********************************************************

update as on 1.10.2010

new high made today

short term stop loss level is raised to 19864

CHANNELS

2010-09-21T17:47:00.003+05:30

LOOK AT CHANNELS AND COMMENTS ON CHART.

**********************************************************

update as on 28.9.2010

stop loss levels for short/medium and long term

short term 19772

medium term 17820

long term 15960

MARKET VIEWS BY ILANGO

2010-09-17T18:43:00.001+05:30

refer the link given below.excellent analysis is given which shows future trends options!

great work by Ilangoji.

enjoy!

http://tradeinniftyonly.blogspot.com/2010/09/nifty-gains-245-point-after-160pt.html

MICHHAMI DUKKADAM

2010-09-13T09:59:00.001+05:30

MICHHAMI DUKKADAM!

BEJAN DARUWALA'S PREDICTIONS

2010-09-06T18:09:00.001+05:30

REFER THIS LINK

http://pankaj564.blogspot.com/2010/04/astro-predictions-by-bejan-daruwala.html

REFER CHART ATTACHED AND SEE PERFECTNESS SEEN SO FAR FOR REVERSALS.

MARKET UPDATE AS ON 31.8.10

2010-08-31T18:02:00.003+05:30

update as on 7.9.10

on crossing 80% retracement level short covering and new long positions took market again today at top of channel.some profit booking may be seen here.

80% retracemnt zone (18350/5515) which was resistance previously may give support.

stop loss for long positions at 17820/5350

*************************************************

update as on 31.8.10

today we broke channel referred in chart dated 27.8.10, broken prev top made at 5367, broke 50dma / 50 ema zone all on intra day basis , tested critical support zone of 5350 also ( EXACT LOW 5349) and came back in the channel on closing basis.

since we r retracing from 5550 zone as discussed earlier and we have seen broad based selling from there only we shd be cautious for all long positions, we should not buy considering simply cheaper than higher price seen before.

as discussed we have seen smart money chasing defensive stocks like pharma, fmcg and power stocks.today good up move was seen in all major fmcg counters when mkt reversed from 5350.

retracement levels where we may get resistance in up move in coming days which may be used for generating cash.

38.2 % 18070/5427

50 % 18148/5450

61.8 % 18225/5473

80 % 18344/5510

********************************************************************************************************

20.8.10

my view is to alert all that we are poised at critical point in market. at a resistance of a channel running from long time and at critical fibo ratios time wise and price wise which can change direction in market.if this top of 5545 is crossed decisively then only we can see bullish moves immly otherwise chance of correcting are more.

us dollar index is on up move after correcting up to expected 80/82 zone and on crossing 83 again it will bring more n more weakness in us markets and up to what time we can be decoupled ?most of global markets have started weakening. liquidity is a driving force to sustain bullishness. when valuation are attractive in other markets or assets liquidity will shift and that can bring corrections.

better to move to defensive bets like fmcg/pharma/power time being for preservation of capital with some appreciation.let KING MARKET decide its direction.price has not shown any weakness. higher high and higher lows are seen.

one more technical matter, island reversal seen after first up move when lower top of 18895 was made (after top of 21206) is just filled. will we cross this zone?

****************************************************************************************************

18.8.10

NIFTY STILL IN CHANNEL. LOOKING AT RED RESISTANCE LINE RESISTANCE MAY COME BETN 5520 TO 5560 APPRX.

VIEWS OF MADHU KELA

2010-08-31T12:29:00.003+05:30

DEAR INVESTOR

Hinting at near doubling of investments made in stocks, Anil Ambani group's renowned fund manager Madhusudan Kela has predicted that the benchmark Sensex will cross 30,000-point level in the next 3-5 years. Although cautious about the market outlook in the next three months, Kela told PTI that he was highly bullish in the longer term.

Kela will be taking over as the Chief Investment Strategist at Anil Ambani group's financial services arm Reliance Capital from September 21, following his elevation from Head of Equities at Reliance Mutual Fund currently.

"I am bullish about the stock market's performance in the medium to long term and expect the Sensex may even go beyond 30,000 level in the next 3-5 years. FII inflows are also expected to be robust in the long term," Kela said.

A surge in Sensex to over 30,000 level, from near 18,000 points currently, would mean close to 100 per cent rise in the next 3-5 years.

However, he is bearish about the short term and thinks the stock market may be impacted if FIIs start selling amid uncertainty in global markets.

"I expect the stock market may see a correction of around 10 per cent in the next three months if FII inflows, which are fuelling the stocks at present, become subdued. And there is not enough demand from domestic investors to keep the market afloat," Kela added.

Foreign Institutional Investors (FIIs) have poured in as much as Rs 11, 447.60 crore so far in August, according to data available on the Securities and Exchange Board of India (Sebi) website.

With improving global economic conditions, the FII investments have been robust this year with their total inflows close to Rs 60,000 crore so far in 2010.

The BSE benchmark index Sensex had settled at below the 18,000 mark at 17,998.41 down 227 points on Friday last week.

From January to August, the Sensex has been moving mostly in the range of 16,000-17,000 levels, though it had touched its highest level of 18,475 points for the first time since February 2008 on August 19.

Asked if Indian equities at present were overvalued as compared to their peers in BRIC (Brazil, Russia and China and India), Kela said, "foreign investors are still bullish on Indian stocks as they are still under owned by them as compared to Chinese equities."

With his new responsibilities, Kela would play a crucial role in expanding Reliance Capital's businesses, mentoring portfolio managers and providing strategic inputs and guidance on investments across the RCAP group of firms

R COM AS ON 30.8.10

2010-08-30T18:37:00.000+05:30

LOOK AT CHART ATTACHED

NIFTY AS ON 27.8.10

2010-08-28T18:48:00.002+05:30

look at chart attached.

stocks looking positive for next week : ongc & ntpc

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update on 30.8.10

ongc showing strength, power grid has also started moving up can be watched for

short term upmove.

NIFTY IN CHANNEL AS ON 19.8.10

2010-08-20T17:17:00.003+05:30

NIFTY STILL IN CHANNEL. RESISTANCE MAY COME BETN 5520 TO 5560 APPRX.

look at bigger channel with interesting fibo levels.

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one more technical matter,gap seen when island reversal was seen after first up move when lower top of 18895 was made (after top of 21206) is just filled. will we cross this zone?

NIFTY IN CHANNEL AS ON 19.8.10

2010-08-19T19:23:00.001+05:30

look at bigger channel with interesting fibo levels.

NIFTY IN CHANNEL AS ON 18.8.10

2010-08-18T18:11:00.001+05:30

NIFTY STILL IN CHANNEL. LOOKING AT RED RESISTANCE LINE RESISTANCE MAY COME BETN 5520 TO 5560 APPRX.

GMR INFRA AS ON 17.8.10

2010-08-18T10:28:00.001+05:30

LOOK AT CHART OF GMR INFRA

UPDATE ON SBI AS ON 13.8.10

2010-08-14T19:18:00.001+05:30

LOOK AT CHART ATTACHED, COMMENTS ON CHART

are we moving in a channel?

2010-08-13T17:58:00.001+05:30

look at chart. are we moving in a channel?

so far we are in channel!

are we moving in a channel?

2010-08-12T15:50:00.001+05:30

look at chart. are we moving in a channel?

SENSEX AS ON 10.08.2010

2010-08-11T10:38:00.001+05:30

CHART SHOWING SUPPORTS

NEED OF INSURANCE

2010-08-11T10:35:00.001+05:30

If you have dependants and financial responsibilities towards them, then you certainly need insurance. Having a family means dependants; this in turn means financial commitments. Financial commitments come in the form of loans, children's education, Medical expenses etc.

When you insure your life, in effect what you are doing is insuring your earning capacity. This guarantees that your dependants will be able to continue living as the same status as before without hardships.
Most insurance plans available today come with a savings element built into it which would enable you to have a comfortable retirement.

These policies help you plan not only for protection against death but also for a financially independent future.

The amount of premiums payable depends upon the type of policy, term of policy sum and your age. You could pay these premiums monthly/half-yearly/annually.

US DOLLAR INDEX / UPDATE AS ON 10.8.10

2010-08-10T17:07:00.001+05:30

update as on 10.8.10

us dollar index has tested 80 zone approximately and bounced from there with +ve divergence in daily chart as shown in attached chart.equity markets move in inverse direction normally.read more comments on charts.

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8.7.10

LOOK AT CHART OF US DOLLAR INDEX ATTACHED HEREWITH.ITS MOVEMENT MAY GUIDE

US FOR FURTHER MOVES IN EQUITY MARKET.BELOW 83.3LEVEL NEXT SUPPORT ZONE IS

BETN 80 AND 82 ZONE . 200 DMA IS NEAR 82 AND 200EMA IS SHOWN IN CHART.NORMALLY

WEAKNESS IN US DOLLAR INDEX HAD HELPED FOR UP MOVES IN EQUITY MARKETS AND

GOLD.

MARKET

2010-08-10T12:06:00.001+05:30

STOP LOSS LEVELS

SHORT TERM 18118/5431

MEDIUM TERM 17395/5210

LONG TERM 15960/4796

SO FAR WE ARE OBSERVING HIGHER LOWS AND HIGHER HIGHS.BE CAUTIOUS IN LONG POSITIONS.

ON WEAKNESS IN EURO US DOLLAR INDEX IS SHOWING STRNGTH AFTER TESTING APPRX 80 ZONE.DAILY CHARTS ARE

SHOWING +VE DIVERGENCE AND PRICE IS ALSO SHOWING +VE ACTION. STRENGTH IN US DOLLAR INDEX MAY BRING

WEAKNESS IN EQUITY MARKETS.

views of Shrikant Chouhan, Technical analyst

2010-08-09T12:31:00.000+05:30

The week past and expected

The market is under compression mode as the market is failing to trade above 5450/5470 levels even though the world

markets are doing well. As per daily chart the market is diverging negatively which is an indication of pause of the current

trend or likely shift in coming few days. Even if we look at the daily trend of the market then one can clearly notice that

it is under rising wedge formation that suggests us phase of distribution. Currently it has final support at 5350/17840 but

it seems difficult to break in the near term.

As per our past experience and findings it seems that it will spend time between 5350 and 5520 (maximum on the higher

side) and dismissal of the range will trigger "massive break out or break down on either side. We feel that the market will

break the lower band but while looking at world markets and status of the domestic currency it may even break upward

range. On the dismissal of the lower range we may expect minimum 5200/17370 lower side.

Sector specific: Banks, IT, Auto and Consumer durables may do well however, buying is advisable only at major supports

or on declines. Reality and Cement stocks one can trade on recoveries from lower levels and not on dips. Capital goods,

Infra, Pharmaceuticals and Metal stocks may find resistance at higher levels as profit taking will minimize the upside for

the same. Even midcap and small cap stocks may come under pressure of profit taking as the current move seems to be

over extended; be cautious or choose while investing at current and at higher levels.

Nifty Strategy: For the day, selling is advisable below 5430 with a tight stop loss above 5460 and for the target 5380 and

5365. In the second half, if the market sustains above 5460 then buying is advisable with a stop loss below 5430 for the

target 5490 and 5520.

updates from VIVEK PATIL

2010-08-09T12:18:00.000+05:30

9/08/10

updates from vivek patil.

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Even if we do see further rallies, the question right now is whether the same would keep facing profit-booking, even if they do hit higher

levels. Previous two new highs of Jul'10 did get sold into, firstly at 18167, and then at 18238. In fact, the bigger picture since last Oct

shows all news highs of this rally attracted selling, each time Sensex shaving off 2100 to 2400 points.

Structurally, the "i" leg appears to be developing as a Contracting Triangle. The "c" leg was 61.8% of "a", and "d" was 61.8% of

"b", forming into contraction. The "e" leg will achieve 61.8% ratio to "c" leg at about 17325.

Though not resisted at 80% retracement level, topping formations can even show Double Tops or measured higher highs.

Topping action usually turns out to be a tricky affair, and the same will be expected as long as the Sensex keeps its head

below the maximum potential of 18357.

That potential was also explained as the upper end of the year-long channel shown on the Daily chart.

To keep any bullish option open for the next week, Sensex should not only move above last week's high of 18295, but

also above 18357 level.

SBI LOOKING WEAK

2010-08-06T15:17:00.002+05:30

LOOK AT CHART .

TIME TO SHORT SBI SHARES. ONE CAN BUY PUTS ALSO TO SHORT .

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IF WE TRY TO WORK OUT UPMOVE FROM 894 TO 2663 IN 5 SUB WAVES

* 894 TO 1935

* 1935 TO 1512

* 1512 TO 2500

* 2500 TO 1863

* 1863 TO 2663

MARKET

2010-07-28T19:28:00.001+05:30

have a look at chart from blog of ilangoji.

http://4.bp.blogspot.com/_ot1WH5p4Xr4/TFAexLq1ZLI/AAAAAAAAKq8/JSj0rUukcBY/s1600/0.PNG

ALTERNATIVE WAVE COUNTS BY ILANGOJI

2010-07-21T10:23:00.001+05:30

HAVE A LOOK AT 2 ALTERNATIVES BY ILANGOJI

http://2.bp.blogspot.com/_ot1WH5p4Xr4/TEZUJKKNBSI/AAAAAAAAKgE/IYenh5sVs3g/s1600/0.0.PNG

Fwd: BUY NTPC ABOVE 203

2010-07-19T13:19:00.001+05:30

BUY NTPC ABOVE 203.

STOP LOSS BELOW 196 ON CLOSING BASIS.
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update as on 19.7.10

ntpc 204