MARKET?

comments on chart

RETRACEMENT OVER?

on 3.11.09 we had shown in chart that we can see a strong bounce from here and market has bounced by 1186 points so far.

 

what next ?

 

i have shown 2 more charts.

 

in 5 day chart i have shown small sub wave counts of upmove from 15331 to 16517 which follows fibo nos accurately.more over -ve divergence is also seen there. of course correction in prices is to be seen yet.

 

in a weekly chart we have reached today at critical resistance as shown in weekly charts.

 

so it is time to be cautious in long positions taken at lower levels.61.8% resistance level is at 16667 very close to prev low level of 16606.

 

Pankaj Shah

ZANDU PHARMA, MONSANTO, WARREN TEA

CHARTS OF ZANDU PHARMA, MONSANTO AND WARREN TEA ARE ATTCHED.


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UPDATE ON 27.11.09

WARREN TEA HAS CLOSED TODAY AROUND 220.

CHEERS!
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UPDATE ON 6.1.2010
MONSANTO 1800+
ZANDU HAS GIVEN EMAMI SHARES SO VERY GOOD RETURNS FOR ZANDU SHARE HOLDERS

SENSEX

COMMENTS ON CHART

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UPDATE AS ON 7.11.09
AS PER EXPECTATION WE HAVE SEEN GOOD BOUNCE IN LAST COUPLE OF DAYS. WE HAVE CROSSED 38.2% LEVEL AND AFTER TESTING 16283 WE HAVE CLOSED EXACTLY AT 38.2% LEVEL.PROFIT BOOKING SHD BE DONE IN BUYING DONE AT LOWER LEVELS.

SENSEX AS ON 3.11.09

LOOK AT CHART ATTACHED.
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UPDATE AT 4.50 P.M. ON 4.11.09

CHEERS !

MARKET UP BY MORE THAN 500POINTS AS PER EXPECTED AND SHOWN IN CHART!

WAKE UP BEAR!

this mail was sent on 9/10/09.

we saw reversal from 16/10/09


http://pankaj564.blogspot.com/2009/10/wake-up-bear.html

BEARS WHO ARE CALLING FOR A MARKET REVERSAL - DREAM ON

have a look at link.

Blog: sandip sabharwal
Post: BEARS WHO ARE CALLING FOR A MARKET REVERSAL - DREAM ON
Link: http://sandipsabharwal.blogspot.com/2009/10/bears-who-are-calling-for-market.html

DOW

DOW HAS ALSO CORRECTED HEAVILY IN LAST WEEK AND

 

IS POISED AT CRITICAL ZONE OF 50EMA AS SHOWN IN CHART.

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UPDATE ON 3.11.09 6 P.M.

DOW GAVE A STRONG BOUNCE. BUT TODAY ALL MKTS R WEAK. DOW TO FOLLOW WORLD MKTS AND TO TUMBLE AGAIN?

TATA TEA

LOOK AT CHART
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SENSEX WAVE COUNT

LOOK AT THE LINK. I SHARED MY BULLISH VIEW WITH iLANGOJI AND HE HAS SENT CHART FOR SAME.

 

A BULLISH OPTION I HAVE DISCUUSED IN LAST 2 MAILS.

 

NOW WE CAN FOLLOW THIS VIEW WITH STRICT STOP LOSS OF YESTERDAY'S LOW 15994

 

 

http://tradeinniftyonly.blogspot.com/2009/10/sensex-chart-by-pankaj.html

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UPDATE AT 4.00PM 30/10/2009

WITH HELP OF +VE GLOBAL MKTS WE OPENED UP AND WENT UPTO 16360 AND REVERSED FROM THERE.SO FIRST LVL SHOWN IN CHART OF CLOSE ABOVE 16375 NOT WORKED AND WE HAVE CORRECTED BELOW YESTERDAY'S LOW.SO BULLISH VIEW NOT TO BE CONSIDERED.

MORE OVER TODAY WEEKLY MACD HAS GIVEN SELL SIGNAL. SO BETTER TO SELL ON PULL BACK RALLIES