COMMENTS BY SANDIP SABHARWAL ON US DOLLAR INDEX

read comments from SANDIP SABHARWAL ON US DOLLAR INDEX in given link. it is interesting!

http://www.sandipsabharwal.com/2009/12/is-us-dollar-index-bounce-back-enough.html

CHANGE IN TIMING FOR BSE EXCHANGE

 Tuesday, 15th December, 2009

 

To:  All Members of the Exchange

 

Sub:   Change in Trading timings – Equity and Equity Derivatives segments

Trading Members of the exchange are hereby informed that pursuant to SEBI circular SEBI/DNPD/Cir-47/2009 dated October 23, 2009, with effect from Friday, December 18, 2009, trading in the Equity and Equity Derivatives segments will commence from 9.45 a.m. onwards, instead of the present timing of 9.55 am onwards.

Consequently, the continuous trading session in both segments will be from 9.45 a.m. to 3.30 pm on all business days. There will be no change in timings of any other session in both the segments.

It is however, clarified that the Block Deal window timings in the Equity Segment of the exchange will remain the same as stipulated by SEBI vide its Circular MRD/DoP/SE/Cir  - 19/05 dated September 2,  2005 i.e. from 9.55 a.m. to 10.30 a.m. as at present.

In case trading members require any clarifications, they may please contact their respective Relationship Managers.

 

Mr. Dilip Oak

General Manager – I.T.

sensex view

WE HAVE SEEN TRIPPLE TOPS IN NIFTY AROUND 5180.WHICH IS A BEARISH SIGN TILL WE CROSS 5180 ZONE DECISIVELY.

 

I HAD GIVEN SENSEX OPTIONS ON 27.11.2009. IF WE ARE ON BULLISH TREND AS PER THAT CHART WE MUST SEE A BREAK

OUT FROM TRIANGLE WHICH IS SHOWN IN ATTACHED CHART.TODAY WE REVERSED JUST FROM THAT TREND LINE.

*******************************************
UPDATE AS ON 16.12.09 10.52 AM

WE R VERY CLOSE TO LOWER TRENDLINE OF TRIANGLE WHICH IS A FIRST SUPPORT AREA.
MORE OVER 50% OF LAST RISE FROM 16210 TO 17361 IS 16786. SIMILAR SUPPORT IN NIFTY IS ARND 4995.

WATCH BANK STOCKS

LOOKING AT BANK STOCKS CLOSING WE MAY SEE UPMOVE IN BANKING STOCKS IN COMING DAYS

MOSER BAER

BUY MOSER BAER AT 90.

KEEP A STOP LOSS BELOW 83 ON CLOSING BASIS

**********************************
UPDATE AS ON 15.12.09 4.50 P.M.

STOP LOSS OF MOSER BEAR IS TRIGGERED TODAY. WE HAVE CLOSED BELOW 83

Long term technicals - Turning extremely positive: SANDIP SABHARWAL

HIGHLY BULLISH MAIL FROM SANDIP SABHARWAL.

HAVE A LOOK AT IT.
http://www.sandipsabharwal.com/2009/12/long-term-technicals-turning-extremely.html

1-2-3 PATTERN

Friends,

 

we have seen top of 21206 in january 2008, we have seen bottom of 7697 in oct 2008.we have seen both greed and fear at their extreme.some exited from market smartly near top but got trapped again at very higher levels again.same way some smart players got entry at near bottom of 7697 exited early and still waiting for big correction.what is the solution for entry and exit at any time by simple method without going for analysis of no of fundamental or technical studies.

 

one thing i have found which is a very much important factor and that is PRICE  of the asset. by focussing only on price and observing it in simple manner as shown in attached chart thats 1-2-3 pattern,actually it is nothing but use of higher highs and higher lows with some discipline.

 

it can be used for any asset in the world without knowing any thing about it at any time irrespective of PE level.

 

it can be used in bearish period to sell first and buy later to minimise your losses.

 

only limitation of this pattern is sideways market for longer duartion like we have seen between oct 2008 and march 2009.

 

do some paper trading and than use it. u will become self sufficient.

reliance power on verge of a break out

look at chart attached

TRADING SYSTEM

FEW DAYS BACK I HAD DISCUSSED ABOUT 1-2-3 PATTERN TO BE USED AS A TRADING PATTERN.
I HAVE FOUND A SIMILAR PATTERN . LINK IS GIVEN BELOW.READ IT AND TRY TO IMPLEMENT.
http://techtraderreport.com/Articles/CountBack/GuppyCountBack.html

BUY RELIANCE INDUSTRIES CMP 1115