MARKET

REFER THE LINK

http://pankaj564.blogspot.com/2010/04/market_17.html

as referred in this link on 19/04/10 stop loss of 17488 was triggered and sell on rise was to be followed.

after breaking 17488 we made a bottom of 17277 on 19/04/10 and made lower top of 17827 on 26/04/10.

today we broke 17277 level. so as per 1-2-3 pattern short positions can be taken  bcz we have seen 

new low below 17277.

 stop loss for the short positions shd be 17827 which was lower top made on 26/04/10.

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UPDATE AS ON 7.05.10 AT 9.45 A.M.
WE HAVE SEEN BOTTOM OF 16720 IN GAP DN OPENING TODAY. WE HAVE CORRECTED BY APPRX 7% FROM TOP OF 18048. WE R CLOSE TO 200DMA AT 16632.PART PROFIT BOOKING CAN BE DONE IN SHORT POSITIONS ADVISED SO WE CAN SELL AGAIN AT HIGHER LVL.
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UPDATE AS ON 11.5.10
AS PER EXPECTATION MARKET HAS GIVEN A GOOD BOUNCE TO SELL AGAIN AS ADVISED.

STOCK TO WATCH : KAMANWALA HOUSING

KAMANWALA HOUSING LISTED ON BSE SCRIP CODE 511131 IS SHOWING STRENGTH 

WITH VOLUME AND HAS GIVEN A BREAK OUT AS SHOWN IN CHART.BUY WITH 

A STOP LOSS BELOW 57 ON CLOSING BASIS.

MARKET

LOOK AT CHARTS ATTACHED. DAILY AS WELL AS WEEKLY CHARTS ARE ATTACHED.

OBSERVATIONS:

IN WEEKLY CHART TREND LINE WAS BROKEN ON MONDAY AND MKT HAS CLOSED BELOW TREND LINE.

IN WEEKLY CHARTS AFTER A LONG TIME LOWER TOP LOWER BOTTOM FORMATION IS SEEN.

IN DAILY CHARTS YESTERDAY'S LOW WAS AT CRITICAL SUPPORT ON TREND LINE RUNNING FROM BOTTOM OF 15652.

AS PER 1-2-3 PATTERN OUR STOP LOSS LEVEL IS AT 17488 

WHICH IS LAST BOTTOM MADE BEFORE LAST TOP OF  18048.

ON BREACH OF 17488 TREND WILL BE REVERSED.IT WILL BE A MARKET TO SELL ON RISE TILL WE SEE 

HIGHER BOTTOM HIGHER TOP FORMATION AGAIN.

LOOKING AT WEAKNESS IN GLOBAL MARKETS AND SGX NIFTY 

STOP LOSS OF 17488 MAY GET TRIGGERED ON MONDAY.

DEFENSIVE STOCKS LIKE HUL AND COLGATE ARE SHOWING BUYING INTEREST IN WEAK MARKET.

BEARISH OPTION

LOOK AT CHART

WILL WE TAKE SUPPORT ON TRENDLINE AND BOUNCE?

LOOK AT CHART , WE ARE AT A GOOD SUPPORT TODAY.

 WILL WE BOUNCE AND MOVE FOR A LAST UP MOVE ?

astro predictions by BEJAN DARUWALA

Bejan Daruwalla needs no introduction. He is the world's most famous astrologer today and appears regularly on TV shows around the world. He is also a best-selling author and columnist. Currently his articles are published in The Sunday Times of India (Mumbai, Kolkata, Delhi and Chennai), Telegraph (Kolkata), Navhind Times (Goa), Dell Annual Horoscope 1998 (New York), News India (New York) and Berkley Communications (London). While, senior astrologer Dharmesh Joshi believes every problem has a solution. He possesses an excellent understanding of real life issues and its dynamics which he successfully addresses in the solutions he provides. His knowledge of Indian scriptures enables him to provide precise astrological remedies. Commodity markets and astro remedies are his areas of expertise.Dharmesh Joshi speaks to Beyond Market on behalf of Bejan Daruwalla for GaneshaSpeaks.com on the global economy, the current financial year, the best performing sectors among others.
bejan and joshi
Q. Do the stars suggest that the global economy is out
of recession?
The global economy is not completely out of recession. The recession started in January 2008 and now we can safely say that the worst is over. However, the recovery will still take a long time and there are a few patches of turbulence before the economy recovers fully. I presume that the world economy will be out of the blues by 2011.

Q. What does the current financial year look like?
There will be a correction around the second half of October '09 after which the market will be somewhat a float. I foresee a correction once again in the second and third week of January '10 (around the period of Makar Shankaranti) and the markets position will be very crucial during the first half of April '10. During the first 20 days of May '10 the market breadth will be negative wherein the market will seem healthy. However, these may be false sentiments. The market will show a negative trend during the last quarter of 2010 creating panic among investors. In short, if we are to summarize:
After 17th Oct '09: Correction
5th Jan '10 to 21st Jan '10: Correction
2nd Apr '10 to 16th Apr '10: Very Crucial
2nd May '10 to 19th May '10: Market breadth negative
30th Sept '10 to 1st Nov '10: Negative trend
7th Dec '10 to 31st Dec '10: Panic among investors

Q. What is the maximum level you see the Sensex and Nifty touching this financial year?
Sensex is expected to touch a maximum level of 18,500 and a minimum level of 13,200, while the Nifty is likely to touch a maximum level of 5,500 and a minimum level of 3,900.

Q. Where do you see the indices five years from now?
Sensex will touch the 50,000 mark in the next five years.

Q. Which sectors according to you would be among the best performers?
I feel pharmaceutical, energy, banking, FMCG and media will be the best performing sectors.

Q. What is your take on sectors like realty and retail that have taken a beating?
Mars, the karaka planet for realty was in Gemini till 5th October, which is an inimical house and then transits to Cancer on 6th October, which is its fall sign. Similarly Venus, the karaka planet for retail is in Leo till 10th October 2009 which is its inimical house after which it will transit to Virgo, which is its fall sign. Hence, these two sectors have been afflicted and are bound to remain so in the next year.

Q. Since equity markets are improving do you think the commodity markets will maintain their upward trend?
Yes, I certainly feel that the commodity markets will maintain the upward trend.

Q. What is the future of gold and crude oil?
The future of gold is bright and the range that I foresee would be between Rs 14,500 and Rs 17,500 per 10 grams while crude will be highly fluctuating but range-bound. Both will bear good returns over long-range investments.

Q. Do you see India as a super power among global economies?
No. I don't see India as a super power among global economies.

GaneshaSpeaks was founded in 2003 by Hemang Arun Pandeet and has steadily grown to be one of the most favoured destinations for astrological guidance using Indian vedic astrology principles. GaneshaSpeaks is a brand owned by SiddhiVinayak Astrology Services Pvt Ltd. GaneshaSpeaks involves Shree Bejan Daruwalla's principles of astrology in delivering personalized experience to each of its customers. The GaneshaSpeaks team consists of young, dynamic and raring-to-go individuals who strive for excellence in all areas of work.

BAJAJ HIND GOOD ABOVE 141 FOR SHORT TERM

 BAJAJ HIND LOOKS GOOD ABOVE 141 FOR SHORT TERM. WITH STOP LOSS BELOW 135

BUY VENUS REMEDIES FOR SHORT TERM CMP 274

BUY VENUS REMEDIES FOR SHORT TERM CMP 274

sensex

SUB WAVES ARE SHOWN FOR THIS UPMOVE FROM 15652.

BUY HIND UNI LEVER AT 221

HIND UNILEVER IS SHOWING +VE DIVERGENCE IN DAILY AS WELL AS WEEKLY CHARTS.

IT IS AT 61.8 % RETRACEMNET LEVEL OF LAST RISE FROM 166 TO 306.

CAN BE BOUGHT AT CMP 221.

ITS A LONG TERM INVESTMENT CALL.