psychology of market players

Fwd: MARKET STATUS

Friends

 

two charts r attached today. in daily chart we saw a bounce from a critical support level which was intimated yesterday with a 5 day chart.downward channel break out value was achieved yesterday only.what next?

 

next technical hurdles r 15950 and 16000 prev immediate tops , on crossing them we will observe trendline of triangle shown in chart where we get resistance.

 

in weekly chart time equality is shown. if u recall my analyst friend Dr. Spandan Joshi had shown wave count as Ba, Bb and Bc for upmove from 8047 and according to him time taken for Bb+Bc shd be equal to time taken by Ba.i have shown in weekly chart the same. next week it will be time equality zone.so be cautious here onwards in long positions bcz rsi, macd and momentum all r showing -ve divergence.any decisive move out of this triangle with rise in volumes and change in other indicators can change this view.

 

now for long positions after 13220,14684 higher bottom is 15357 which shd be used as strict stop loss.

 

for next few days trading we can look at bank shares like allahabad bank, andhra bank, kotak bank...and few other stocks which r looking good technically like adlab, mll, sesa goa. but with strict stop loss since we are reaching to a very critical time zone.

 

i may go wrong in my views. do yr own studies before taking  decision.

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

update on 7.09.2009 4.30 p.m.
15950/16000 hurdles r crossed today. now trendline resistance comes around 16300where we can see strong resistance.profit booking suggested at 16300 zone.

IOC bonus issue

IOC board to meet on 13/9/09 to declare BONUS issue

Scrip Code:530965   Company:Indian Oil Corporation Ltd

04 September 2009

Subject:	IOC Board to consider Bonus Issue
Announcement:	Indian Oil Corporation Ltd (IOC) has informed BSE that a meeting of the Board of Directors of the Company will be held on September 13, 2009, inter alia, to consider issue of bonus shares, subject to the approval of the shareholders.

5 DAY CHART AS ON 4.09.09

LOOK AT CHART ATTACHED .

 

COMMENTS ON CHART

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

market gives break out from channel and moves up by 290 points!

cheers!

MOVING AVERAGES

attached herewith a chart showing moving averages of nifty 50 stocks (30d/50dand 200 day)

 

red and blue clor indicates where they r quoted a on today.

 

look at no of stocks which r trading below 30day. not healthy.

 

no of stocks r trading near 50 dma.

 

time to be watchful for short and medium term.

 

good thing in this stastics is that all stocks r tarding above 200 dma.

 

Company Name	Current	Change	- SIMPLE MOVING AVERAGE -
	Price	%	30 Days	50 Days	200 Days
ABB	729.25	-0.24	704.57	717.57	546.72
ACC	769	-1.2	829.09	811.39	635.16
Ambuja Cements	99.85	1.27	100.9	97.97	79.81
Axis Bank	888.6	-0.07	886.46	859.52	596.73
Bharti Airtel	404.95	-1.85	409.32	406.21	361.11
BHEL	2,196.55	-0.19	2,249.43	2,207.26	1,722.73
BPCL	554.55	2.58	497.71	477.99	405.69
Cairn India	255.55	-0.33	245.12	238.05	194.56
Cipla	266	-1.63	273.21	269.7	222.56
DLF	412.85	0.45	391.51	361.57	268.59
GAIL	357.75	3.73	332.18	324.94	255.46
Grasim	2,607.50	0.03	2,686.91	2,605.39	1,790.17
HCL Tech	302.65	-2.09	265.35	236.8	158.14
HDFC	2,382.10	-0.51	2,416.44	2,405.06	1,855.35
HDFC Bank	1,435.40	-0.23	1,444.05	1,442.68	1,153.33
Hero Honda	1,547.75	-0.82	1,530.51	1,504.78	1,131.90
Hindalco	103	-0.82	103.14	94.49	67.17
HUL	267.65	0.19	269.49	269.09	250.33
ICICI Bank	735.95	-0.02	746.49	731.89	529.13
Idea Cellular	79.8	0.06	78.52	76.27	60.64
Infosys	2,187.20	1.03	2,059.78	1,956.19	1,502.78
ITC	226.8	-0.55	234.5	223.53	190.91
Jindal Steel	3,170.90	-0.02	3,022.07	2,831.91	1,673.27
Larsen	1,514.75	-1.14	1,505.01	1,493.17	1,028.46
Mah and Mah	813.05	-1.47	822.45	783.86	504.86
Maruti Suzuki	1,507.40	-0.13	1,382.67	1,271.16	853.73
NALCO	328.9	-0.53	320.83	308.26	249.68
NTPC	205.6	-0.7	210.4	205.46	188.86
ONGC	1,140.25	-1.32	1,156.69	1,112.44	874.88
PNB	678.4	-0.08	689.11	678.29	527.77
Power Grid Corp	106.35	-1.44	111.41	110.05	96.76
Ranbaxy Labs	315.65	-2.05	295.93	279.5	227.26
Rel Capital	890	-0.27	855.48	854.76	622.24
Reliance	1,930.80	-2.05	1,987.34	1,967.28	1,636.99
Reliance Comm	291.4	5.54	265.81	268.92	229.72
Reliance Infra	1,118.75	-0.22	1,154.44	1,151.19	802.82
Reliance Power	160.6	0.12	163.49	163.69	133.38
SAIL	160.1	0.41	167.67	163.09	116.39
SBI	1,747.00	0.73	1,751.03	1,720.68	1,379.63
Siemens	488.75	-1.63	472.32	464.91	338.8
Sterlite Ind	644.6	1.68	648.21	628.54	427.16
Sun Pharma	1,185.80	-0.36	1,200.59	1,190.52	1,156.17
Suzlon Energy	100.15	3.09	92.95	95.01	70.41
Tata Comm	488.05	-1.12	494.35	486.31	484.96
Tata Motors	510.3	-1.89	440.35	383.83	249.7
Tata Power	1,265.20	-1.37	1,284.06	1,218.70	922.89
Tata Steel	420.65	1.34	450.34	425.42	288.31
TCS	533.65	-0.18	518.21	474.69	329.27
Unitech	103.15	0.49	91.27	85.59	55.01
Wipro	551.6	-0.5	508.12	464.17	323.54

 

--
Posted By pankaj564 to PANKAJ SHAH at 9/03/2009 05:26:00 PM

--