ONGC ON A CRITICAL LEVEL

COMMENTS ON CHART

*****************************************

29.09.09

ONGC HAS GIVEN GOOD RUN UP TODAY. CLOSED AROUND 1195 , MORE UPMOVE EXPECTED TOMORROW.

OIL INDIA ALLOTMENT LINK

http://mis.karvycomputershare.com/ipo/

TENTETATIVE WAVE COUNT IF WE R ON 5TH WAVE

in continuation of yesterday's mail tenetative wave counts r shown.

--

SENSEX WAVE COUNT WITH 5 SUB WAVES AS ON 18.09.09

COMMENTS ON CHART.

STOCKS FOR NEXT WEEK

IF MARKETS ARE POSITIVE FOLLOWING STOCKS CAN BE TRADED FOR NEXT WEEK.

 

STRICT STOP LOSS TO BE FOLLOWED.

 

RPOWER

RIIL

GMR INFRA

CIPLA

GLENMARK

ADANIENTERPRISE

ADANI POWER

BAJAJ HINDUSTAN

SENSEX AS ON 17.09.09

COMMENTS ON CHART.

BUY AMBUJA CEMENT FOR INTRA DAT CMP 101

BUY AMBUJA CEMENT FOR INTRA DAY AT 101. SL 99

STOP LOSS TRIGGERED..

VIVEK PATIL VIEW

ATTACHED HEREWITH CHART SHOWN BY VIVEK PATIL

ALERT : SENSEX TESETED 16632

Friends

today we have tested 16632. it is a monthly resistance if we look at monthly chart of last 2 yrs. in 6/2008 16632 was high.

it is close to 61.8% to retracement level of fall from 21206 to 7697

PE of sensex is at 22 which is a historical resistance for sensex in normal years except bubble years like 1992/2000/2008.

if we sustain above this zone of 16632 for 3 days then we shd think any bullish direction otherwise we can see correction from here.

vivek patil has been referring 7 legged wave structure with apprx target of 16700(G wave) and time target of this move was maxm upto today.

be cautious here in taking any long positions.

Pankaj Shah

FEDERAL BANK

LOOK AT CHART OF FEDERAL BANK.

******************************************************************************

FEDERAL MOVES UP AS PER EXPECTATION WITH GOOD VOLUMES HIGH SO FAR 248+

CHEERS !