Thursday, June 10, 2010
Wednesday, June 9, 2010
NIFTY FUTURE CHART FROM BLOG OF ILANGOJI
THIS LINK IS FOR NIFTY FUTURE CHART FROM ILANGOJI'S BLOG.
INTRADAY OPTIONS AS ON 9.6.10
LOOK AT CHART ATTACHED
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update as on 9.6.10 3.18 pm
we have broken green trend line giving support.
long positions not advisable.
Tuesday, June 8, 2010
Monday, June 7, 2010
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.
Saturday, June 5, 2010
TRENDLINES AS ON 5.6.10
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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.
Thursday, June 3, 2010
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.
Saturday, May 22, 2010
SENSEX AS ON 21.5.2010/ stop loss at 4961
IN LAST UPDATE ON MARKET .....
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.
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