ANIL WANTS TO END TUSSLE WITH MUKESH

In a surprise move, industrialist Anil Ambani today reached out to estranged elder brother Mukesh saying all disagreements can be sorted out in a cordial and conciliatory manner.
Returning from a pilgrimage to Kedarnath and Badrinath on the eve of Dipawali, Anil said in a statement he has "maintained the greatest of love, affection and respect for Mukesh ... Over past four years have left no stone unturned to find a solution."
Calling for a generous heart, a willing mind and accommodating spirit to resolve the issue, he said that there could be no better gift to mother Kokilaben, adding the elder statesmen and family friends wanted end to current impasse.
The two brothers are engaged in a bitter court battle over allocation of gas and the Supreme Court will commence hearing of the case from October 20.
No comments can be obtained immediately from Mukesh Ambani's spokesperson.
Today's overtures from Anil Ambani follow a controversy over marketing margins that RIL was charging Reliance Infrastructure (R-Infra) to supply KG gas to a power plant in Andhra Pradesh. Last week, R-Infra agreed to pay the marketing margins but said it would do so under protest.
Meanwhile, in today's statement, Anil Ambani said he hoped that his feelings would be reciprocated and sought "divine inspiration and blessings to heal the wounds with Mukesh Ambani".
It may be recalled that Prime Minister Manmohan Singh had earlier expressed a wish that the two brothers come together in the larger national interest and similar sentiments were echoed by Finance Minister Pranab Mukherjee and other senior government functionaries.

SOURCE : BUSINESS STANDARD

ALL INDICES AT CRITICAL SUPPORT ON TREND LINE

LOOK AT ALL CHARTS.

 

BSE 30,BSE 100, BSE 200 AND BSE 500 ALL ARE AT CRITICAL SUPPORT ON TREND LINE RUNNING FROM MARCH

FIBO TIME CLUSTER

as on today we are in a classic time cluster as per fibo.

 

daily charts

 

from low of 7697 made on 27/10/08 we have completed 231 days , next fibo no 233

 

from low of 8047 made on  6/03/09 we have completed 144 days, a perfect fibo no

 

weekly charts

 

from recent bottom of 13220 nade on 17/07/09 we have completed 12 weeks, next fibo no 13

 

monthly charts

 

from top of 21206 in jan 2008 we are running in 21 st month , a fibo no

 

from bottom of 7697 made in oct 2008 we have completed 12 months next fibo 13

 

from bottom of 8047 made on march 2009 we have completed 7 months next fibo no is 8.

WAKE UP BEAR!

i shared with inder weekly trend is down !

he reacted WAKE UP BEAR (sid )!

SENSEX AS ON 8.10.2009

COMMENTS ON CHART

STOCKS TO WATCH FOR TRADING :METALS, CAPITAL GOODS AND BANKS

WATCH STOCKS FROM METALS, CAPITAL GOODS AND BANKS FOR TRADING .

SENSEX WAVE COUNT BY ILANGO

LOOK AT CHART FOR WAVE COUNT

watch 16834 for short term

moves from 16495
16495 to 16834 up
16834 to 16613 dn
16613 to 17196 up
17196 to 16836 dn so far
if we sustain this lvl of 16834 we can see a small bounce.

5 DAY CHART AS ON 25.09.09 AND 30.09.09

COMMENTS ON CHART

MARKET AND STOCKS FOR NEXT WEEK

LOOK AT CHARTS ATTACHED HEREWITH.

STOCKS LOOKING TECHNICALLY GOOD ARE AS FOLLOWS.

IOC/ HPCL/BPCL (MAY BE BCZ OF OIL INDIA LISTING ON 30/9)

PHARMA STOCKS

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UPDATE ON 26.09.09
looking at weekly charts pharma stocks r on overbought side so it may advisable to book profit in pharma stocks also on further run up.
oil and gas sectotor has been consolidating since jun tops. it needs a strong brek out from current lvls to outperform.

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UPDATE ON 29.09.09

PHARMA STOCKS GIVE GOOD UPMOVE.

OIL AND GAS SECTOR ALSO GAVE GOOD RUN IN LEADERSHIP OF ONGC AND GAIL.

IOC , HPCL AND BPCL R DN TODAY.CAN GIVE MOVE UP TOMORROW ON LISTING OF OIL INDIA.