SENSEX MONTHLY CHART AS ON 1.02.2013

comments on chart.

RELIANCE UPDATE

refer following link and comments of it.

http://www.pankaj564.blogspot.in/2012/12/reliance-as-on-28122012.html

we had seen intermediate top on 21/2013 of 955 we have seen today low of 880. we are very close to support area around 875/880. we may take re entry in the stock.

NIFTY BEES

i had recommended to go for SIP of nifty bees in following mail.

i think nearly 30% appreciation has come in nifty so sip can get returns of more than 15%......

time to book profit and start SIP again.........

http://pankaj564.blogspot.in/2011/12/nifty-bees-sip.html

TUESDAY, DECEMBER 20, 2011

NIFTY BEES SIP

attached here with details of nifty bees from NSE web site.

best to invest fixed amount at regular interval , say rs 10000.00 every month or 5000.00 every fort night, or smaller amounts every week.......... best averageing , mechanised investment in best stocks in emotionless manner........

all the best !

Nifty BeES Nifty BeES, the first ETF in India, is being introduced by BENCHMARK, an Asset Management Company on January 8, 2002. Nifty BeES trades on the Capital Market segment of NSE. Each Nifty BeES unit is 1/10th of the S&P CNX Nifty Index value. Nifty BeES units are traded and settled in dematerialised form like any other share in the rolling settlement. ISIN code INF732E01011 NSE symbol NIFTYBEES Series EQ Reuters code NBES.NS Face value Rs. 10 Benchmark Mutual Fund calculates and disseminates real-time NAV for Nifty BeES on its websitewww.benchmarkfunds.com and on Reuters Page BEES01. For further details you may visit the website www.benchmarkfunds.com Advantages of Nifty BeES Nifty BeES is Simple: Nifty BeES can be bought / sold like a share through any NSE terminal at prices available on the screen. The underlying portfolio of Nifty BeES very closely replicates that of the S&P CNX Nifty. Hence, Nifty BeES tracks the movement of S&P CNX Nifty. Nifty BeES is Economical: Nifty BeES is a no load scheme. The annual expense ratio including management fees is a maximum of 0.80% of the Daily Average Net Assets, which is one of the lowest for any mutual fund scheme in India. The costs reduce further to 0.65%, for assets over Rs.500 crore. Nifty BeES is Convenient: As it is listed and traded on the NSE, Nifty BeES can be bought / sold throughout the trading day just by a call to your broker. This gives you the power to react swiftly to changes in the market. You can even place limit orders. Nifty BeES can be held in your DP account with other portfolio holdings. Nifty BeES is Liquid: The structure of Nifty BeES attracts liquidity from various sources such as buying / selling by investors, arbitrage with index futures, arbitrage by authorized participants with the underlying shares. Nifty BeES is Neutral: The performance of Nifty BeES is simply the result of performance of shares in the S&P CNX Nifty Index and demand & supply in the market. There is no Fund manager bias. Nifty BeES is Transparent: As Nifty BeES replicates the S&P CNX Nifty, investors can know at any given point of time where and how much is invested in each stock. Nifty BeES gives Instant Diversification: Investing in just one unit gives exposure to fifty shares of the S&P CNX Nifty. This allows investors to spread risk with one single decision. Nifty BeES is an Equitable Structure: The unique "in-kind" mechanism of creating / redeeming Nifty BeES by exchanging a pre-defined portfolio ensures that long-term investors do not bear the cost of short term trading as observed in traditional Open-ended structure. This insulates long-term investors from short-term trading activity.

HAPPY NEW YEAR !

Sat, Dec 29, 2012 at 15:14 Market rally may continue in 2013: Bejan Daruwalla

http://www.moneycontrol.com/news/astrology/market-rally-may-continue2013-bejan-daruwalla_801174.html

RELIANCE AS ON 28.12.2012

RELAINCE is trading in a strong resistance area around 850. on crossing this zone decisively it can show more strength.

***************************************************************************

update on 17.01.2013

reliance on fire..today seen 893........

cheers !

TECHNICAL VIEWS

TECHNICAL VIEW FROM VIVEK PATIL

http://content.icicidirect.com/mailimages/ICICIdirect_TechnicalOutlook_2013.pdf

TECHNICAL VIEWS FROM ICICI:

http://content.icicidirect.com/mailimages/ICICIdirect_TechnicalOutlook_2013.pdf

TECHNICAL VIEW OF LOKESHWARRI S.K., BUSINESS LINE 

December 30, 2012:  

Both the Sensex and the Nifty are set to end 2012 with aplomb, close to their yearly highs.

The first six months of the year were volatile with the indices staging a sharp rally in January and February only to give it all up by June. But the uptrend that began at the June trough continues to be in place towards the end of the year.

BSE mid and small cap indices that had suffered sharper declines in 2011 gained 38 per cent and 32 per cent respectively. But the long-term trend in these indices continues to be down. If the market turns volatile in 2013, the smaller stocks could see sharper declines.

LONG-TERM TREND

There is no alteration in the long-term trend we had outlined in the yearly outlook published for 2011 or 2012. To recount, we are assuming that the new cycle of a secular bull market began in 2001. One wave of this cycle ended at the January 2008 peak.

The second wave did not last long but was strong enough to lead to the assumption that the third wave of the secular bull market began in March 2009. In other words, it is highly unlikely that the Sensex will go back to 8047 or the Nifty to 2539 in the coming years. We stay with the first two long-term targets for the Sensex at 39,337 and 58,743 (to be achieved in the next 10 years). This count continues to be valid unless the Sensex closes below 13,000.

The corresponding long-term targets for the Nifty are 12,718 and 19,011. The long-term outlook will have to be altered only if the Nifty closes below 4000.

We had discussed an alternative count as well last year, the possibility of the move from 8047 in Sensex being the fifth of the long-term impulse wave. In this event, the supports for Sensex stay at 14,775 and 13,044. Nifty’s supports are at 4436 and 3916. According to this count too, the downside over the long term could be limited to 13,000 on the Sensex and around 4,000 on the Nifty.

The first part of the third wave from 8047 in the Sensex ended at the November 2010 peak of 21,108. The second part of this wave appears to be unfolding currently. The pattern thus far suggests that instead of being fast and deep, it will be long-drawn and shallow. We are already two years into this corrective move and it can easily extend for a year or more.

That sets the long-term trading range of 15,000 to 22,000 for the Sensex and between 4,500 and 6,500 in Nifty.

2013 OUTLOOK

In other words, 2013 could be more volatile than 2012. Sensex and Nifty could move on to new life-time highs, but it would be best to tread with caution at such times. There is the possibility of the indices reversing lower and going into sharp declines too.

We are not very clear on the pattern that the index is currently forming, but the indices could form a higher bottom in the next leg of the decline. Sensex could halt its decline around 17,000 and the Nifty around 5,000. Declines would, therefore, provide stock-picking opportunities for the long term.

The range for 2013 for Sensex is between 17,000 and 22,000 with outer limits at 15,000 and 31,500. The range for Nifty is between 5,000 and 6,500 with outer range at 4,500 and 8720. We will revisit the outlook during the year if the outer limits are breached.

TATA STEEL AS ON 18.12.2012

COMMENTS ON CHART !

***********************************

UPDATE AT THE END OF THE DAY .

BREAK OUT WITH GOOD VOLUMES AND TATA STEEL MOVES TO 415........

CHEERS .........

update as on 19.12.2012
tata steel tested 424 today.
cheers.......

TORRENT POWER AS ON 3.12.2012

COMMENTS ON CHART

*****************************
update as on 19.12.2012
target of traingle break out achived. torrent power tested 186 today.

SENSEX MONTHLY CHART AS ON 30.11.2012

Look at Monthly charts. Comments on charts.