AVERAGING UP

A big mistake is selling your winners to buy more of your losers. Do the opposite. The biggest gains come from averaging up.

RELIANCE INDUSTRIES CMP 998. acculmulate

Reliance ind is reaching near support zone on trend line.crude prices are coming down. gas price matter still pending but that will become a good trigger in coming days.good area to accumulate for 3 to 6 months.

RELIANCE INDUSTRIES AS ON 21.07.2014

​LOOK AT CHART ATTACHED​

GRASIM

NIFTY at crucial zone.

​nifty has made low of 7596 very close to top made after up move started from 7441 at 7593.if nifty does not breach 7593, we can keep hope for making new high at 7859 or 7941.​

breach of 7593 will negate this view.


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update on 9.07.2014

7593 broken, bullish view rejected. as per attached chart a pull back can be expected.

CIPLA ON FIRE

​chart of CIPLA as on 17.06.2014 is attached herewith.

cmp 435....buy with sl on closing basis below 420.​

**************************************************
 With reference to the news item appearing in a leading financial web portal titled "Promoters of Company to sale stake to MNC", Cipla Ltd has clarified to BSE as under :

"This news item is purely baseless and speculative in nature. We have consistently denied such rumours in the past and continue to do so. From the enclosure forwarded by you, we observe that the news item has appeared on a website’s message board over which Company has no control. ....

LTFH

chart attached of L&T fh........

GOLD BEES AT CRUCIAL SUPPORT ?

​​look at attached chart.

28.05.2014

UPDATE :

today gold bees gap down opening below support of 2535.........

bigger fall expected now .

globally also gold breaks support yesterday night....we may see fast fall in coming couple of weeks because US Dollar is also strengthening.

kpl post links

http://www.vfmdirect.in/2014/05/candlesticks-explained.html

http://www.vfmdirect.in/2014/05/fibonacci-series-and-numbers.html

--
"Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible." 

6400 or 7400

Tomorrow election results will be declared. exit polls have indicated NDA victory.

History of exit polls is not reliable. clear mandate may take nifty quickly to 7400 or more.

Most probable option in my view:20/30 seats gap from 272 and it will take us higher slowly with clarity of support from other parties. 

Least probable option is very poor tally of NDA with reference to exit polls and that will take us quickly to support of 6400.