LAST FALL RETRCED BY 80%..........

today we have seen high of 19792.....

last fall was from 20204 to 18144......

80% level comes at 19792..

tomorrow RBI policy is to be announced. on last 2 occasions we have seen correction after policy announcements.

we may see some corrections from tomorrow......

TATA STEEL CHARTS

tata steel monthly and weekly charts are attached herewith.

will we see a good bounce from here ?

LARSEN AS ON 4.03.2013

comments on chart

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update as on 8.03.2013

larsen on fire........

book profits

ALTERNATIVE BULLISH WAVE COUNT

as per ellioticians a top is made at 20204 ( 6112 for nifty ).

tried to make an alternative wave count which is bullish.

this is not a recommendation to buy. it is more probable that we might have topped at 20204.

let us c , how market behaves.......

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update as on 8.03.2013

today's high made so far is at 19582......so far we have retraced by 57 % of total fall.more over we are now in gap made betn 19555 & 19620..61.8% retracement level is at 19652.

so now we are at trend decider area. normally pull backs do not move beyond 61.8% lvl mostly.so if we are in bearish mode we might have made top at 19582 or we may make it soon and reverse down wards.

on decisive move above 19742, lower top made after 20204 bullish option will be more probable......

interesting area....

BIG FALLS

LOOK AT FALLS IN DIFFERENT INDICES FROM RECENT TOPS.

LARGE CAPS : 7 %

MID CAP : 15 %

SMALL CAP : 20 % 

EK BOUNCE TO BANTA HAI FROM TOMORROW LOWS........A RELIEF RALLY.......? 

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update as on 11.03.2013

we have seen good bounce back from lows made at 18760.
today's high is at 19755 very close to lower top made at 19742. it is advisable to book profits in long positions taken at lower levels.

Bullish Alternative

market is correcting since 29.01.2013 and higher probabilities are of making intermediate top at 20204.looking at strength in today's market which may be a short covering due to f n o expiry on 28th as well as budget, an alternative is attached herewith.breach of 19k again will make it invalid.

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 !