Fwd: STOCK TO WATCH GDL CMP RS. 93.00

BUY GDL CMP 93

TARGET 100

STOP LOSS 90

Fwd: SENSEX AS ON 19.08.09

COMMENTS ON CHART.

14283 CAN BE KEPT AS STOP LOSS FOR LONG POSITIONS.

5000 HITS IN 3 MONTHS TIME.

DEAR FRIENDS,

I STARTED BLOG IN MAY 2009 AND I STARTED SITE METER FROM 21/5/09 AND TODAY IT HAS CROSSED 5000 MARK !

I THANK YOU ALL FOR THE RESPONSE. IT WILL KEEP ME WORKING HARDER TO GIVE BETTER READING MATERIAL.

I HAVE STARTED TODAY SECTION OF MOMENTUM STOCKS FOR TARDING. ON GETTING COMMENTS I WILL CONTINUE IF IT IS USEFUL.


PANKAJ SHAH

Fwd: sensex as on 18.08.09

COMMENTS ON CHART

MOMENTUM STOCKS FOR TRADING

i start herewith a section where i will give some stocks where momentum is seen and can be used by readers for trading.i will give cmp only. keep stop loss as per yr risk apetite and profit target as per yr comfort.
avaya global 124.5
tricom 17
onmobile 528
geodesic 123
micro tech 137

IOC 587, part profit booking can be done on rise

i had recommended ioc at 571 with target higher than 700 but looking at mkt conditions and probability of getting sensex zone around 14300 i recoomend to book profit in ioc as per yr comfort and keep trailing stop loss.cmp is 587.

Fwd: SENSEX AS ON 17.08.09

VIEWS ON ATTACHED CHART

Fwd: TECHNICAL PICK IOC CMP RS 571.00

TECHNICAL PICK IOC CMP RS . 571.00 TARGET RS .750 STOP LOSS 550 TIME FRAME 3 TO 5 WEEKS.

MARKET STATUS

market has obliged by vindicating my optimistic view for today and gave a strong rally of more than 3 %.we have closed today above 3/5/8/13/21/34/50  all imp dma levels.more over we have retraced fall from 16002 to 14703 by more than 61.8 % and closed just above that .if we sustain above these levels we can see new high for sensex.

 

all stocks i discussed yesterday has moved up by 2 to 5%.it was a broadbased rally. good IIP nos,tax code discussions by fin minister, positive outlook by US has triggered this bullishness forgetting  -ve triggers like swine flu and poor monsoon.

 

in this rally we are observing a typical pattern of trend reversal. whenever we are close to end of correction we see a doji or hammer pattern and next day we observe gap opening and big move of 400/500 points like we saw today.after such moves we have seen sideways moves in index for few days which confuse mkt players. better be stock specific and take yr decisions.

Fwd: MARKET UPDATE

http://pankaj564.blogspot.com/2009/08/fwd-sensex-as-on-110809.html 

 

i had shown parellel trend line set up yesterday and discussed abt probable 5 sub waves of upmove started from 13220. today due to weak global weakness we corrected heavily in morning but recovered smartly later to make a perfect hammer.  it  is a bullish candlestic pattern. it needs follow up next day.today we have closed within channel i had shown yesterday and hope for 5th sub wave is still alive.

 

if we look at individual stock charts like sbi, acc,tata motors,kotak bank,ambuja cement, maruti....all of them have taken support on a trendline from where  they must bounce or on break of trendline chances of total bull run in those stocks come in danger.so i hope we will move up tomorrow to complete final sub wave.

 

when i am writing this update US markets r up by more than 1 % , that will also help us to open up.

 

cement, auto, banking are stronger sectors at presnt.