SENSEX

LOOK AT CHART

STOCKS TO WATCH

STOCKS TO WATCH FOR BUYING FOR VERY SHORT TERM. 

KEEP STOP LOSS AS PER YOUR COMFORT.

TISCO CMP 654

SAIL CMP 238

NIRMA CMP 225

MUKAND CMP 70

MARUTI CMP 1458

5 DAY SENSEX CHART

COMMENTS ON CHART

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PRICE HAS NOT SUPPORTED +VE DIVERGENCE. YESTERDAY LOW IS NOT SUSTAINED SO MORE WEAKNESS TO BE SEEN

DYNAMATE TECH

CHART ATTACHED
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cheers ! dynamite 1100+
6% up

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TARGET ACHIEVED TODAY ITSELF. TESTED 1199.

GEOMETRIC

CHART ATTACHED

CORE PROJECT

CHART ATTACHED

INFRA STOCKS

look at chart attached of srei infra 

INFRA STOCKS

ON FRIDAY INFRA STOCKS HAS SHOWN GOOD MOVES WITH VOLUMES.

CHARTS OF GMR INFRA AND RIIL ARE ATTACHED HEREWITH.

SENSEX

FRIENDS,

FIRST OF ALL I WILL LIKE TO ADD FEW LINKS WHICH WILL GUIDE US WHERE WE R HEADED.

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEicRQgm30xjq0n5ZSWYruB2XwTj9VxmxoF3u6Vh1RCNfqp4xSUUnDTAcwO6PyeCTPnJC3Q0fWeEIaOUPaCVPWWRd_rJU66VC165DGtULVMPh-ToZ2paJ9XYA2wrypXJQNMxtISOsYDh4EmU/s1600/sensex+option+2+new+as+on+27.11.09

I WILL LIKE TO ADD HERE THAT UP MOVE SHOWN FROM 15331 AS WAVE B.c IS NOW MATCHING WITH AN OPTION THAT WE R IN 5TH WAVE OF RALLY STARTED FROM 8047.I AM NOT AN ELLIOT EXPERT SO I DONT WANT TO GO IN DEBATE OF WAVE COUNTS.I AM CONCERNED WITH CORRECT DIRECTION OF MARKET.

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxSL4bUvohovBqbQdZUgQyxK15iTmCeok-U6toZom0e3EjGqcQAjoWnxN9Ry9UtQF9fqfuhQHnALEorMW96kF7WzGqOF4UqbyLTZvM8vRBR-k2xJDg3sl5yJ6BYTEEB9iD96dZ4aXV4DeK/s1600-h/SENSEX+AS+ON+31.12.2009-771802.PNG

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYwlWtcGYst956AcGWMRVY50WNoECHInI7hos_bUQBlqzyaQb2b062Df0UI0zD28llA2drj23k94FI9ak-onlwboHSG4UQn19-8m4BswrLBwhJDHGfYqOme0ZdcrMzwSWV6C1hTYHposH2/s1600-h/sensex+as+on+4.1.2010-763485.PNG

ON 6/1/10 WE REVERSED FROM 17790 VERY CLOSE TO OUR TARGET OF 17800+.

WHAT NEXT?

look at chart attached. we may correction upto 17186/17000 or 16814 as per 38.2/50/61.8% retracements  from where we may see last up moving euphoric leg of this rally which may prove to be a strong budget rally.

immediate stop loss is at 16578.

PHARMA STOCKS

FRONT LINE PHARMA STOCKS LIKE CIPLA, RANBAXY HAVE CLOSED WELL AND MAY PERFORM BETTER IN COMING DAYS.