PANKAJ SHAH

Friday, July 9, 2010

MARKET

LOOK AT CHART ATTACHED.

BLOG WILL NOT BE UPDATED UPTO 16/7/10

Thursday, July 8, 2010

STOP LOSS BELOW 17400 ON CLOSING BASIS

STOP LOSS BELOW 17400 ON CLOSING BASIS FOR LONG POSITIONS. WE HAVE SEEN BREAK OUT ON INTRADAY BASIS FROM DOWN WARD CHANNEL BUT IT IS NOT DECISIVE. IN WEEKLY CHART ALSO IT HAS CLOSED WITHIN CHANNEL.EVEN IF IT CLOSES DECISIVELY PROFIT BOOKING IS ADVISABLE.

USE THIS RALLY TO GENERATE CASH. GO ON REDUCING EXPOSURE. OR HEDGE YOUR POSITIONS.

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for wave count followers good link of Ilangoji's blog with both options.

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgStJFj-TOnJfKvjEozh_55OQwTcDnYfX23XYijHw_v-46dVcMprAW6pj9nj7D7ucnAYMqPf3-wbUjgxXprdY2mhctpe9Ca5uQEEIVH9MCkYzpeux1ZkLldCyNVjgh4lDQaOHx5Zhy2j_8/s1600/0.0.PNG

US DOLLAR INDEX

LOOK AT CHART OF US DOLLAR INDEX ATTACHED HEREWITH.ITS MOVEMENT MAY GUIDE

US FOR FURTHER MOVES IN EQUITY MARKET.BELOW 83.3LEVEL NEXT SUPPORT ZONE IS

BETN 80 AND 82 ZONE . 200 DMA IS NEAR 82 AND 200EMA IS SHOWN IN CHART.NORMALLY

WEAKNESS IN US DOLLAR INDEX HAD HELPED FOR UP MOVES IN EQUITY MARKETS AND

GOLD.

Tuesday, July 6, 2010

VENUES REMEDIES AS ON 5.7.10

LOOK AT CHART ATTACHED.

Saturday, July 3, 2010

SUPPORT AND RESISTANCE TRENDLINES/ UPDATE - 2

LOOK AT SELF EXPLANATORY CHARTS .
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UPDATE AS ON 30.6.2010

MARKET OPENED WEAK ON GLOBAL WEAKNESS. WE HAVE TESTED TODAY 17400 ZONE AND BOUNCED FROM THERE. AS ON TODAY WE HAVE MAINTAINED SUPPORT GIVING TREND LINE.NOW IT IS TO BE SEEN IN COMING DAYS CAN WE BREAK RESISTANCE GIVING TREND LINE ON HIGHER SIDE OR NOT?

ON CROSSING 17850/17920 ZONE WE MAY SEE LEVELS OF 18300. ANY CLOSE BELOW 17400 ZONE MAY INVITE SELL OFF.

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UPDATE AS ON 3.7.10

MARKET HAS CONTINUED CORRECTION.NOT CROSSED RESISTANCE TREND LINE.

OUT PERFORMANCE IN MID AND SMALL CAP IS CONTINUED WITH LACK LUSTER SENSEX AS EXPECTED.

GOLD IS SHOWING CORRECTION . FURTHER UPMOVES CAN BE SEEN ONLY ON CROSSING 1265 ZONE.

US DOLLAR INDEX HAS CONTINUED ITS WEAKNESS AND IT MAY ALSO REACH TO CRITICAL SUPPORT ZONE IN COMING DAYS.

OUR MARKETS HAVE CORRECTED LESS IN COMPARISION TO GLOB AL MARKETS.

CHINA WEAKNESS HAS IMPACT ON METALS AND CRUDE ALSO.FII FUND FLOW WILL DECIDE FURTHER DIRECTION.

TECHNICALLY STILL BOTH BULLISH AND BEARISH OPTIONS ARE OPEN. SO FAR WE HAVE NOT CLOSED BELOW FIRST IMP SUP AREA AT 17400. BELOW THAT NEXT RETRACEMNT AREA IS NEAR 17200 AND 17080 BEING 50/61.8 % LVLS OF RISE FROM 16560 TO 17920.

POWER STOCKS ARE SHOWING MORE STRENGTH IN LAST FEW DAYS.CALLS OF NHPC AND NTPC ARE GIVEN. SJVN CAN BE ALSO CONSIDERED ABOVE 25 ON CLOSING BASIS.

IN COMING WEEKS CASH GENERATION IS MUST BCZ FINALLY WE WILL ALSO FOLLOW GLOBAL MARKET TRENDS.

Friday, July 2, 2010

BUY NTPC ABOVE 203

BUY NTPC ABOVE 203.

STOP LOSS BELOW 196 ON CLOSING BASIS.

Wednesday, June 30, 2010

SUPPORT AND RESISTANCE TRENDLINES/ UPDATE - 1

LOOK AT SELF EXPLANATORY CHARTS .

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UPDATE AS ON 30.6.2010

MARKET OPENED WEAK ON GLOBAL WEAKNESS. WE HAVE TESTED TODAY 17400 ZONE AND BOUNCED FROM THERE.AS ON TODAY WE HAVE MAINTAINED SUPPORT GIVING TREND LINE.NOW IT IS TO BE SEEN IN COMING DAYS CAN WE BREAK RESISTANCE GIVING TREND LINE ON HIGHER SIDE OR NOT?

ON CROSSING 17850/17920 ZONE WE MAY SEE LEVELS OF 18300. ANY CLOSE BELOW 17400 ZONE MAY INVITE SELL OFF.