MARKET

have a look at chart from blog of ilangoji.

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRdcG40-Ox3rUXI6NQnhlZglZPvXFh7cc1Pyw2GdQa4FWPZzbYsO-jAQsLNmUBoXe7uMQaqPfa6qWVzs-WhdIf0p6MYb8_kAAyvmhTOhL1DsLTQMqV7y78pLDM0doqJ4bYfYEKcFhYr38/s1600/0.PNG

ALTERNATIVE WAVE COUNTS BY ILANGOJI

HAVE A LOOK AT 2 ALTERNATIVES BY ILANGOJI

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhz9hkHBf1jAerXSW1sI878Geh5AvxeUdAw0NrluHwKZD_FzsHNQPRwD5aygNivyBZFRenJf3PTqYmyTzdxp-_lsn4cZL73ZW_H6vpw4ZL7yCLDlKNq7qR1cBvuII4idwwgLxlAwZin3Os/s1600/0.0.PNG

 

Fwd: BUY NTPC ABOVE 203

BUY NTPC ABOVE 203.

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

ntpc 204

HAVE WE TOPPED AT 18167 OR WE ARE VERY CLOSE TO TOP ?

WE ARE MOVING IN A SIDEWAYS CHANNEL SINCE TOP MADE AROUND 17500 LAST YEAR.LOWS ARE NEAR 15000/15500 

AND HIGHS ARE IN 18000/18167(top so far) RANGE.

GLOBAL MARKETS ARE IN RELATIVELY BAD SHAPE. WE MAY FOLLOW THEM.RESULT SEASON IS GOING TO BE OVER 

SOON.WE MIGHT HAVE TOPPED AT 18167 OR WE ARE VERY CLOSE TO IT.ONLY A DECISIVE CLOSE ABOVE THIS 

CHANNEL   CAN BRING BULLISH OPTIONS TECHNICALLY.

BREAK OUT OR BREAK DOWN FROM THIS CHANNEL MAY BRING TARGETS OF 23K OR 13K IN PLAY IN COMING 

QUARTERS.

I MAY GO TOTALLY WRONG IN MY VIEW ALSO.DO YOUR OWN STUDIES.

VIEWS ARE WELCOME.

PANKAJ SHAH

19.7.2010

US DOLLAR INDEX

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.

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Sunil Doshi said...

Please explain US-Dollar Index in Detail

July 16, 2010 11:51 AM 

us dollar index is explained very well in following link.

http://en.wikipedia.org/wiki/U.S._Dollar_Index

normally its movement is inverse to equity market movements.i had given observations in past in this link.

http://pankaj564.blogspot.com/2010/02/us-dollar-index-as-on-922010.html

MARKET

look at sensex daily and weekly charts attached.

us dollar index has tested 200 ema zone at 82. it is over sold in short term and we may see a bounce from here in us dollar index .still we are correcting in a downward parellel channel.break out from channel on higher side will be harmful for equity markets.further weakness in us dollar index will benefit equity markets.

attached chart is old chart.

sensex has made higher top at 18167 (prev top at 18048).weekly candle stic is inverted hammer.break of 17855 low of current week may bring further weakness.break of 17400 on closing basis will confirm end of upmove started from 15960.on daily chart support is at 17800.50 day ema is also around 17400.

power sector has not performed yet.

in US market all 3 indices has closed below 200 ema.

--
Concentrate all your thoughts upon the work at hand. The sun`s rays do not burn until brought to a focus.



- Alexander Graham Bell 
 

MARKET

LOOK AT CHART ATTACHED.

BLOG WILL NOT BE UPDATED UPTO 16/7/10

STOP LOSS BELOW 17400 ON CLOSING BASIS

STOP LOSS BELOW 17400 ON CLOSING BASIS FOR LONG POSITIONS. WE HAVE SEEN BREAK OUT ON INTRADAY BASIS FROM DOWN WARD CHANNEL BUT IT IS NOT DECISIVE. IN WEEKLY CHART ALSO IT HAS CLOSED WITHIN CHANNEL.EVEN IF IT CLOSES DECISIVELY PROFIT BOOKING IS ADVISABLE.

USE THIS RALLY TO GENERATE CASH. GO ON REDUCING EXPOSURE. OR HEDGE YOUR POSITIONS.

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for wave count followers good link of Ilangoji's blog with both options.

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgStJFj-TOnJfKvjEozh_55OQwTcDnYfX23XYijHw_v-46dVcMprAW6pj9nj7D7ucnAYMqPf3-wbUjgxXprdY2mhctpe9Ca5uQEEIVH9MCkYzpeux1ZkLldCyNVjgh4lDQaOHx5Zhy2j_8/s1600/0.0.PNG

US DOLLAR INDEX

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.

VENUES REMEDIES AS ON 5.7.10

LOOK AT CHART ATTACHED.