FIBO TIME CLUSTER

as on today we are in a classic time cluster as per fibo.

 

daily charts

 

from low of 7697 made on 27/10/08 we have completed 231 days , next fibo no 233

 

from low of 8047 made on  6/03/09 we have completed 144 days, a perfect fibo no

 

weekly charts

 

from recent bottom of 13220 nade on 17/07/09 we have completed 12 weeks, next fibo no 13

 

monthly charts

 

from top of 21206 in jan 2008 we are running in 21 st month , a fibo no

 

from bottom of 7697 made in oct 2008 we have completed 12 months next fibo 13

 

from bottom of 8047 made on march 2009 we have completed 7 months next fibo no is 8.

WAKE UP BEAR!

i shared with inder weekly trend is down !

he reacted WAKE UP BEAR (sid )!

SENSEX AS ON 8.10.2009

COMMENTS ON CHART

STOCKS TO WATCH FOR TRADING :METALS, CAPITAL GOODS AND BANKS

WATCH STOCKS FROM METALS, CAPITAL GOODS AND BANKS FOR TRADING .

SENSEX WAVE COUNT BY ILANGO

LOOK AT CHART FOR WAVE COUNT

watch 16834 for short term

moves from 16495
16495 to 16834 up
16834 to 16613 dn
16613 to 17196 up
17196 to 16836 dn so far
if we sustain this lvl of 16834 we can see a small bounce.

5 DAY CHART AS ON 25.09.09 AND 30.09.09

COMMENTS ON CHART

MARKET AND STOCKS FOR NEXT WEEK

LOOK AT CHARTS ATTACHED HEREWITH.

STOCKS LOOKING TECHNICALLY GOOD ARE AS FOLLOWS.

IOC/ HPCL/BPCL (MAY BE BCZ OF OIL INDIA LISTING ON 30/9)

PHARMA STOCKS

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UPDATE ON 26.09.09
looking at weekly charts pharma stocks r on overbought side so it may advisable to book profit in pharma stocks also on further run up.
oil and gas sectotor has been consolidating since jun tops. it needs a strong brek out from current lvls to outperform.

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UPDATE ON 29.09.09

PHARMA STOCKS GIVE GOOD UPMOVE.

OIL AND GAS SECTOR ALSO GAVE GOOD RUN IN LEADERSHIP OF ONGC AND GAIL.

IOC , HPCL AND BPCL R DN TODAY.CAN GIVE MOVE UP TOMORROW ON LISTING OF OIL INDIA.

videocon

Videocon may be better known for consumer durables, but the company's little known oil exploration business is the star and the promoters may be set to make that into a money-spinner.

Videocon Industries,India's leading consumer durables maker, surprisingly, does not have sale of electronic appliances as its major revenue churner. Instead, it's the oil and gas exploration and production business, which is the cash cow.

According to sources, Videocon is looking at unlocking their value by either hiving off the business or going for a public listing overseas. While chairman Venugopal Dhoot did not reveal the details, he accepted that an expert has been roped in to look into the various options.

Venugopal Dhoot, chairman of Videocon Industries, said, "We expect good recovery from Brazil in a year or two and our oil and gas business is currently doing extraordinarily well.

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29/09/09

videocon moves up , tested 258.

5 DAY CHART AS ON 25.09.09

COMMENTS ON CHART

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29.09.09

break out from triangle on up ward side gives move of 200+ points today.

cheers !