STOCKS FOR NEXT WEEK

IF MARKETS ARE POSITIVE FOLLOWING STOCKS CAN BE TRADED FOR NEXT WEEK.

 

STRICT STOP LOSS TO BE FOLLOWED.

 

RPOWER

RIIL

GMR INFRA

CIPLA

GLENMARK

ADANIENTERPRISE

ADANI POWER

BAJAJ HINDUSTAN

SENSEX AS ON 17.09.09

COMMENTS ON CHART.

BUY AMBUJA CEMENT FOR INTRA DAT CMP 101

BUY AMBUJA CEMENT FOR INTRA DAY AT 101. SL 99

STOP LOSS TRIGGERED..

VIVEK PATIL VIEW

ATTACHED HEREWITH CHART SHOWN BY VIVEK PATIL

ALERT : SENSEX TESETED 16632

Friends

today we have tested 16632. it is a monthly resistance if we look at monthly chart of last 2 yrs. in 6/2008 16632 was high.

it is close to 61.8% to retracement level of fall from 21206 to 7697

PE of sensex is at 22 which is a historical resistance for sensex in normal years except bubble years like 1992/2000/2008.

if we sustain above this zone of 16632 for 3 days then we shd think any bullish direction otherwise we can see correction from here.

vivek patil has been referring 7 legged wave structure with apprx target of 16700(G wave) and time target of this move was maxm upto today.

be cautious here in taking any long positions.

Pankaj Shah

FEDERAL BANK

LOOK AT CHART OF FEDERAL BANK.

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

FEDERAL MOVES UP AS PER EXPECTATION WITH GOOD VOLUMES HIGH SO FAR 248+

CHEERS !

Fwd: SENSEX AS ON 11.09.09

refer last week market status message

 

http://pankaj564.blogspot.com/2009/09/fwd-market-status.html

 

as mentioned we saw good moves in bank shares and we can see further upmove in bank shares.

 

we have reached at upper boundary of consolidating triangle and we will move by 2000 points in sensex in breaking direction.

 

immediate support for sensex is at 15793 at gap area as well as on trendline running from march lows.break of 15793 on closing basis will end the rallly.on closing decisively above 16600 we can see break out in upward direction.-ve divergence in rsi, macd and momentum is still there.

 

next week may be deciding week for direction.

--

--

market views

i reproduce my views given in isg .

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

we are consolidating in a tringle. actually we have to see that it
proves to be a continuation bullish pattern or wedge shaped bearish
pattern.time wise we have completed equality yesterday and we have
seen new high and seen sell off from there.break out or beak down from
this triangle will give move of apprx 2400 points in sensex in the
concerned direction.next week will be very crucial for us. so either
18800 or 12800 apprx.

i will like to add here we r observing -ve divergence in rsi,
momentum, macd so more likely to be bearish wedge is expected.but in
mkt till price confirmation not seen we cant take it for granted. we
can keep stop loss of 15357 for long positions . below that we can see
first lower bottom formation which will be first technical reversal.

more over as i have shown in other thread we faced strong resistance
at upper trendline of consoldiating triangle upper trendline as well
as in rsi(5) upper trendline. it will be interesting to see now. if we
r following a 3 sub wave move than it is completed today and if we r
following 5 sub wave move then a dnmove to be followed by upmove and
reversal.price wise we have almost achieved targets as per 61.8%
retarcement.gap shown in that chart will provide some support.

Spandan's view more valid as far as elliot is concerned. as per my
discussion with him he was to update on this weekend.

my views can go wrong.take yr own decisions.

Pankaj Shah

SENSEX AS ON 10.09.09

LOOK AT CHART

time to prepare selling list

i am just forwarding one mail recd from  isgian......

---------- Forwarded message ----------
From: Pratik Patel <ppp99s@gmail.com>
Date: 2009/9/9
Subject: isg -Pratik update
/a>>

TIME   TO    PREPARE      SELLING LIST

...........................................................................................................

 

Count Down looks started. It is a matter of days and not weeks. One shall now PREPARE SELLING LIST ( F N O). Market may give Final spark before correction.

 

 

Look at the low of 7697.39 on 27-10-2008.

 

Sensex Recorded 100 % gain in just 123 sessions.

 

Just look Sensex contributors from 15K to 16 K..

(1)Tata Motors :

 

Contributed 52 points in this 1000 point rally while rose 32 %

 

(2) RCOM :

 

Contributed 68 Points to this rally while itself  surged 30 %

 

(3) Infosys :

 

Highest contributor to the tune of 185 points while it rose 14 %

 

(4) RELIANCE :

 

Second largest contributor to 1000 Point rally ,118 Points and added 6 % in its value. Today also Reliance was 3.63 % up total comes to 9.63 % up

 

(5) Maruti suzuki

 

also added 48 Points in this rally while added 20 % to its price.

 

 

Same way you can prepare List of stocks which rose considerable during last month. When market fall, they must have to contribute in fall !!!!!!!