Fwd: Fw: [ISG:141681] blog

---------- Forwarded message ----------
From: ekam ber <ekamber@gmail.com>
Date: 2009/5/8
Subject: Fw: [ISG:141681] blog
To: pankaj564@gmail.com

dear pankaj ji

Wish you all the best and a grand success of your blog. I will surely post my comments by the weekend .

with regards

ekamber

 

 

 

5 day chart as on 8.05.09

--
The easiest way to make ourselves healthy is to see that others are healthy, and the easiest way to make ourselves happy is to see that others are happy - Swami Vivekananda

Re: market topped out at 12272 ?

Thanks, Pankaj for consolidating all the analysis at a centralized place which is easily accessible.

 

Though market is set for  correction, mid caps are still shooting up.

 

Also, with the recent economic data turning positive and also the budget session set to be in June-July - there will be certain sectors and companies which will do good and these are bound to be good pick in the next correction.

 

If time permits and also if you have access to data - can a sector wise future performance forecast along with nifty/sensex outlook be assembled on your blog.

 

This is just a suggestion and certainly everyone will benefit (including me) :-)

 

Thanks,

Sudhir

 

 

On Fri, May 8, 2009 at 4:16 PM, Pankaj shah <pankaj564@gmail.com> wrote:

looking at today's market i feel there is a good probability that we might have completed 5th wave on 6/05/09 at 12272/3717.

we have broken 11899 which lvl i was considering as first warning.
gann turning days were from 4/5/09 to 7/05/09 with high and low of 12272/11635. so even by that count if we break 11635 that will also lead towards coorection.

more over there was a gap at 11430-11635 on 4/05/09 that will be a support. more over in candle stic chart also we will be getting support around 11500.

if we look at weekly charts we have a gap 11492-11635. if we open gap down on monday below 11635 it will be a perfect island reversal, a bearish signal.

let us c. what happens next week.

 

Pankaj Shah

market topped out at 12272 ?

looking at today's market i feel there is a good probability that we might have completed 5th wave on 6/05/09 at 12272/3717.

we have broken 11899 which lvl i was considering as first warning.
gann turning days were from 4/5/09 to 7/05/09 with high and low of 12272/11635. so even by that count if we break 11635 that will also lead towards coorection.

more over there was a gap at 11430-11635 on 4/05/09 that will be a support. more over in candle stic chart also we will be getting support around 11500.

if we look at weekly charts we have a gap 11492-11635. if we open gap down on monday below 11635 it will be a perfect island reversal, a bearish signal.

let us c. what happens next week.

 

Pankaj Shah

market near critical support 11900

market is very close to critical support at 11900.if it is violated be cautious.
gann turning days were from 4/5/09 to 7/05/09. high and lows of these days are 12272 and 11635.
Pankaj Shah

blog

Dear Friends,

 

i have been sending mails  sincelong. no  of friends has advised me to start blog to make it more userfriendly.

i have tried to do so.just view it and give yr views and comments to improvise it.

 

blog address:

 

www.pankaj564.blogspot.com 

 

i have put some useful links on it.

 

INVESTMENT SUPER GROWTH : its a nice forum for invsetors who want to create wealth. it is owned by Kukkuji and is having more than 8000 members. those who r not members, i advise them to be members and to have very good information abt investment.

 

NIFTY CHART: this link takes us to nifty daily chart by default.we can use it for intraday also.we can use it for technical analysis of stocks also.

 

SENSEX CHART ; this link takes us to bse sensex intraday by default, can be used for daily, weekly, monthly charts for sensex and stocks.

 

VOLUME; this link takes us to moneycontrol .com site where we can see change in average volumes.   it  will help to take buying decisions in break outs.

 

BLOGS; i have put links to blogs of INDER BHATIA and NOORESHJI which will be useful.

 

WORLD MARKETS: this link takes us to world markets

 

YAHOO 5 day chart : this link shows chart of last 5 days which will help to short term traders

 

YAHOO sensex chart: it is a sensex chart on yahoo finance. log chart facility is available here.

 

Pankaj Shah