Monday, May 18, 2009
BLOG OF VIPUL SHAH
i have added a link of blog of Vipul Shah, my technical analysis guru.he is very good analyst. he was concentrating on technicals in past and now he is focusing on fundamental analysis.
take the benefit of his analysis.
take the benefit of his analysis.
EUPHORIA IN MKT : DONT BUY WITH LEFT OUT FEELING
mkt is already 10.7 % up and trading is halted. actually it has hit 2 circuits, bcz of base of march qtr closing.
now everbody is feeling LEFT OUT as 'LEFTS" are LEFT OUT from govt.we shd not be crazy to buy in this euphoria. wait for some cooling off. world mkts r correcting now. after this euphoria we will be back to normal business in line with global mkts.
Pankaj Shah
Sunday, May 17, 2009
MARKET AFTER ELECTION RESULTS
Indian voters are matured than politicians have expected and have given more seats than UPA had expected. we will be having more stable govt which has minimum black mailers.we can have reforms implemented easily.
markets were moving in a band of 11621-12272 since last 10 days with -ve divergence.
looking at euphoric sentiment post results we can have a gap up opening
which can be as high as 5%.
break out from barrier of 12272 can take us upto 12857 (38.2% of fall from 21206 to 7697) after crossing 12568(61.8% of fall from 15580 to 7697).more over crossing of 12568 will open the gates for 14500/16000 (50 and 61.8 % of fall from 21206 to 7697) in coming days.
if a big gap up opening is seen , we shd utilise to sell and book profits. we have seen no of gaps so far and this can be an exahustion gap and we can see trend reversal.buying at this lvl will not be favourable in short term.
200 day moving averages will now become good support areas to invest.
Pankaj Shah
markets were moving in a band of 11621-12272 since last 10 days with -ve divergence.
looking at euphoric sentiment post results we can have a gap up opening
which can be as high as 5%.
break out from barrier of 12272 can take us upto 12857 (38.2% of fall from 21206 to 7697) after crossing 12568(61.8% of fall from 15580 to 7697).more over crossing of 12568 will open the gates for 14500/16000 (50 and 61.8 % of fall from 21206 to 7697) in coming days.
if a big gap up opening is seen , we shd utilise to sell and book profits. we have seen no of gaps so far and this can be an exahustion gap and we can see trend reversal.buying at this lvl will not be favourable in short term.
200 day moving averages will now become good support areas to invest.
Pankaj Shah
Thursday, May 14, 2009
TREND LINE BROKEN
WE HAVE BROKEN TREND LINE WHICH WAS GIVING SUPPORT SINCE 6/03/09 FROM LVL OF 8047. NOW RANGE OF 11621-12272 HAS BECOME CRUCIAL FOR MKT. BREAK OUT FROM THIS RANGE WILL GIVE SHARP MOVE IN THAT DIRECTION OF APPRX 650 POINTS.
PANKAJ SHAH
Wednesday, May 13, 2009
ALERT: WE ARE AT 61.8% BARRIER
I give you here some retracement data since we made top of 21206 in jan 2008
first pull back after fall from 21206 to 15332 was up to 18835 61%
second pull back after fall from 18835 to 14677 was up to 17735 47%
third pull back after fall from 17735 to 12514 was upto 15580 59%
fourth pull back after fall from 15580 to 7697 is upto 12272 so far 58%
we are up by 59% from bottom of 7697.
we have faced sell off from this area twice, first on 6/5/09 and today again we faced sell off.
market will show strength only on crossing this strong resistance zone.
election results will be out on 16/05/09.
keep range of 11600-12272 in mind, on breaking 11600 we can see correction of whole upmove.
Pankaj Shah
first pull back after fall from 21206 to 15332 was up to 18835 61%
second pull back after fall from 18835 to 14677 was up to 17735 47%
third pull back after fall from 17735 to 12514 was upto 15580 59%
fourth pull back after fall from 15580 to 7697 is upto 12272 so far 58%
we are up by 59% from bottom of 7697.
we have faced sell off from this area twice, first on 6/5/09 and today again we faced sell off.
market will show strength only on crossing this strong resistance zone.
election results will be out on 16/05/09.
keep range of 11600-12272 in mind, on breaking 11600 we can see correction of whole upmove.
Pankaj Shah
Tuesday, May 12, 2009
Fwd: SENSEX 12 MAY
forwarding one more chart from Inder Bhatia.
Pankaj Shah
---------- Forwarded message ----------
From: Inder Bhatia <inder.mbhatia@gmail.com>
Date: 12 May 2009 20:03
Subject: SENSEX 13 MAY
To: Pankaj shah <pankaj564@gmail.com>
--
The easiest way to make ourselves healthy is to see that others are healthy, and the easiest way to make ourselves happy is to see that others are happy - Swami Vivekananda
---------- Forwarded message ----------
From: Inder Bhatia <inder.mbhatia@gmail.com>
Date: 12 May 2009 20:03
Subject: SENSEX 13 MAY
To: Pankaj shah <pankaj564@gmail.com>
--
The easiest way to make ourselves healthy is to see that others are healthy, and the easiest way to make ourselves happy is to see that others are happy - Swami Vivekananda
Fwd: sensex 11may
forwarding interesting chart from Inder Bhatia.
enjoy.
Pankaj Shah
---------- Forwarded message ----------
From: Inder Bhatia <inder.mbhatia@gmail.com>
Date: 11 May 2009 18:12
Subject: sensex 11may
To: Pankaj shah <pankaj564@gmail.com>
--
The easiest way to make ourselves healthy is to see that others are healthy, and the easiest way to make ourselves happy is to see that others are happy - Swami Vivekananda
---------- Forwarded message ----------
From: Inder Bhatia <inder.mbhatia@gmail.com>
Date: 11 May 2009 18:12
Subject: sensex 11may
To: Pankaj shah <pankaj564@gmail.com>
--
The easiest way to make ourselves healthy is to see that others are healthy, and the easiest way to make ourselves happy is to see that others are happy - Swami Vivekananda
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