US DOLLAR INDEX

LOOK AT CHART ATTACHED.

BUY EXCEL INFO AT 41 FOR LONG TERM

EXCEL INFO IS SHOWING +VE DIVERGENCE IN WEEKLY CHARTS.

BUY IT AT CMP 41. FOR LONG TERM INVESTMENT.

TRENDLINES AS ON 5.6.10

look at chart . it will help to trade in coming days.
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update as on 7.6.10 at 4.30 pm

inverse H n S pattern invalid due to break of neck line today.

due to weak global markets we have corrected and broken rising wedge. we have gone below green trend line that was giving support. now green T line will be giving resistance and lower dark T line will be our support. for tomorrow 5050-5100 will be resistance zone and 4961 is a stop loss for long positions as per 1-2-3 pattern which was last higher low.

MARKET AT A CRITICAL STAGE

OBSRVATIONS;

 

2 CHARTS ARE ATTACHED.

 

POSITIVE:

 

HIGHER LOW HIGHER HIGH SEEN FIRST TIME AFTER CORRECTING FROM TOP IN DAILY CHARTS.

 

INVERSE HEAD N SHOULDER PATTERN WITH NECK LINE AROUND 16971/17000 ZONE

 

NEGATIVE:

 

STRONG RESISTANCE IN MONTHLY CHART

 

100 EMA TESTED TODAY . INABILITY TO CROSS SAME WILL START DOWN WARD MOVES AGAIN.

 

50% RETRACEMENT OF FALL FROM TOP OF 18048 TO 15960 CLEARED AT 17004 ,61.8% AT 17250.

 

TREND LINE IN DAILY CHARTS GIVE STRONG RESISTANCE AT 17400/5200 ZONE.

 

STRETEGY:

 

KEEP STRICT STOP LOSS OF 16544/4961 FOR ALL LONG POSITIONS.

 

 

HEIDELBERG CEMENT

CHART ATTACHED

SENSEX AS ON 21.5.2010/ stop loss at 4961

LOOK AT CHART ATTACHED.

IN LAST UPDATE ON MARKET .....

http://pankaj564.blogspot.com/2010/05/sensex-wave-counts-as-on-14510.html

WE HAD EXPECTED THAT WE HAVE  TOPPED AT 18048 AND WAVE COUNT WAS SHOWN.

MOSTLY WE HAVE COMPLETED DNMOVE AND WE MAY SEE UPMOVE FROM HERE. EVEN IF SMALL DNMOVE IS LEFT OUT 

THAT SHD BE USED TO COVER SHORT POSITIONS.

LARGE CAP STOCKS CAN BE BOUGHT  ON DELY BASIS FOR SHORT TERM BCZ MOSTLY UPMOVE COMING FROM HERE 

MAY BE A SECOND UPMOVING WAVE TO BE FOLLOWED BY THIRD DNMOVING WAVE.ON START OF THIRD WAVE 

SELLING CAN BE DONE AGAIN.

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UPDATE AS ON 29.5.10
MARKET MADE NEW LOW BELOW 16187 AND WAVE COUNT IS INVALID.ALTHOUGH AS PER EXPECTATION BOUNCE IS SEEN AFTER LOW OF 15960 AND WE HAVE CROSSED 200 DMA AND CLOSED ABOVE IT FOR A DAY.NEXT BIG HURDLE IS AT 100 DMA AROUND 17000 AREA. IT CAN GIVE VERY VERY TOUGH RESISTANCE.

WE WILL OBSERVE THAT AREA AND WILL DO PART PROFIT BOOKING IN BUYING DONE AT LOWER LEVELS TO REDUCE COST.

AS PER 1-2-3 PATTERN YET WE HAVE TO SEE HIGHER BOTTOM HIGHER TOP PATTERN. TILL THAN CAUTIOUS AND DEFENSIVE APPROACH IS MUST.
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DEFENSIVE STOCKS LIKE HUL, NIRMA,COLGATE, ITC AND SUGAR STOCKS MAY PERFORM BETTER IN COMING DAYS.
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UPDATE AS ON 1.6.10
AS EXPECTED 17K PROVED TO BE A TOUGH RESISTANCE. CLD NOT CROSS YESTERDAY'S TOP AT 16971. PART PROFIT BOOKING HELPED TO REDUCE COST.

WATCH 16200/16350 ZONE , IF THESE LEVELS R NOT BROKEN AND WE MOVE UP WE MAY SEE HIGHER LEVELS AFTER CROSSING 17K.VIOLATION OF THIS ZONE MAY TAKE US TO A NEW LOW.
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update as on 3.6.10 10.23 am
we have seen higher low higher high on crossing 16971.so as per 1-2-3 pattern stop loss for long positions at low of monday. for nifty lvl is 4961. for sensex due to freak trade of ril level is confusing.it may be around 16500-550.

Old but gold.. Mayonnaise Jar and 2 Beers

Mayonnaise Jar and two Beers.    When things in your life seem almost too much to handle, when 24 hours in a day are not enough, remember the mayonnaise jar and the two Beers.   A professor stood before his philosophy class and had some items in front of him. When the class began, he wordlessly picked up a very large and empty mayonnaise jar and proceeded to fill it with golf balls. He then, asked the students if the jar was full. They agreed that it was. The professor then, picked up a box of pebbles and poured them into the jar. He shook the jar lightly. The pebbles rolled into the open areas between the golf balls. He then, asked the students again if the jar was full. They agreed it was.  The professor next picked up a box of sand and poured it into the jar.  Of course, the sand filled up everything else. He asked once more if the jar was full. The students responded with a unanimous 'yes.'  The professor then, produced two beers from under the table and poured the entire contents into the jar effectively filling the empty space between the sand. The students laughed. 'Now,' said the professor as the laughter subsided, 'I want you to recognize that this jar represents your life. The golf balls are the important things--- Your family, Your children, Your health, Your friends and Your favourite passions--- And if everything else was lost and only they remained, your life would still be full.  The pebbles are the other things that matter like; Your job, Your house and Your car.  The sand is everything else---the small stuff.    'If you put the sand into the jar first,' he continued, 'there is no room for the pebbles or the golf balls. The same goes for life. If you spend all your time and energy on the small stuff you will never have room for the things that are important to you. 'Pay attention to the things that are critical to your happiness. Spend time with your children. Spend time with your parents. Visit with grandparents. Take time to get medical checkups. Take your spouse out to dinner. Play another 18. There will always be time to clean the house and fix the disposal. Take care of the golf ball first---the things that really matter. Set your priorities. The rest is just sand.'    One of the students raised her hand and inquired what the Beer represented. The professor smiled and said, 'I'm glad you asked. The Beer just shows you that no matter how full your life may seem, there's always room for a couple of Beers  or Pepsi's  with a friend.'    Please share this with someone you care about... I JUST DID! __._,_.___

SENSEX WAVE COUNTS AS ON 14.5.10

LOOK AT CHART ATTACHED.

http://pankaj564.blogspot.com/2010/05/market.html 

AS PER THIS MAIL STOP LOSS FOR SHORT POSITION WAS AT 17827.

NOW WE HAVE SEEN NEW LOW AT 16684. ON BREACH OF 16684 

STOP LOSS FOR SHORT POSITIONS SHOULD BE LOWERED TO 17389.

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UPDATE AS ON 18.5.10

PREV LOW OF 16684 WAS BREACHED YESTERDAY.
SO STOP LOSS FOR SHORT POSITIONS
LOWERED TO LOWER TOP AT 17389.
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LOW OF 16551 ALSO GOOOOOONE!
STOP LOSS FOR SHORT POSITIONS REVISED FROM 17389 TO 17000 NOW.
CHEERS!
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UPDATE AS ON 19.5.10 4.00 P.M.
WE HAVE SEEN LOW OF 16373 TODAY. WE HAVE CORRECTED BY 9% FROM TOP OF 18048.
WE ARE GETTING OVER SOLD ALSO.
MINOR +VE DIVERGENCE IS ALSO SEEN IN DAILY CHARTS.
IT WILL BE ADVISABLE TO BOOK PROFITS IN SHORT POSITIONS GRADUALLY FROM HERE ONWARDS.
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UPDATE AS ON 21.5.10 9.30 A.M.

CHEERS!
MARKET TESTED 16200 TODAY. TODAY WE MIGHT HAVE COMPLETED 3.5 OR 5.5 OF FIRST DNWAVE. COVER 50% OF YR SHORT POSITIONS AT LEAST.

TRENDLINES GIVING SUPPORT & RESISTANCE

LOOK AT CHART ATTACHED

MARKET VIEWS BY ILANGO

 link of chart is given below.

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg1P87gqY3-JHQruiCvKI19Ps0sI9TcdRzulkJhJrMN32stPnl84tz5L3vNGakOnKZG-UPYwxwilurRP98UfmFuDJvTY8NuOE-cVII7_3JM8gIJMyW5Noj6Hsw1VF3JoR-L4wpkEctXy3Y/s1600/0..PNG

more details can be read on his blog.