MARKET?

COMMENTS ON CHART

MOTHERSON SUMI

look at chart

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UPDATE AS ON 16.11.09 12.45 PM

MOTHERSON IS TRADING AT 138.8 AFTER MAKING ATOP OF 143+
BOOK PROFITS

MARKET?

comments on chart

RETRACEMENT OVER?

on 3.11.09 we had shown in chart that we can see a strong bounce from here and market has bounced by 1186 points so far.

 

what next ?

 

i have shown 2 more charts.

 

in 5 day chart i have shown small sub wave counts of upmove from 15331 to 16517 which follows fibo nos accurately.more over -ve divergence is also seen there. of course correction in prices is to be seen yet.

 

in a weekly chart we have reached today at critical resistance as shown in weekly charts.

 

so it is time to be cautious in long positions taken at lower levels.61.8% resistance level is at 16667 very close to prev low level of 16606.

 

Pankaj Shah

ZANDU PHARMA, MONSANTO, WARREN TEA

CHARTS OF ZANDU PHARMA, MONSANTO AND WARREN TEA ARE ATTCHED.


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UPDATE ON 27.11.09

WARREN TEA HAS CLOSED TODAY AROUND 220.

CHEERS!
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UPDATE ON 6.1.2010
MONSANTO 1800+
ZANDU HAS GIVEN EMAMI SHARES SO VERY GOOD RETURNS FOR ZANDU SHARE HOLDERS

SENSEX

COMMENTS ON CHART

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UPDATE AS ON 7.11.09
AS PER EXPECTATION WE HAVE SEEN GOOD BOUNCE IN LAST COUPLE OF DAYS. WE HAVE CROSSED 38.2% LEVEL AND AFTER TESTING 16283 WE HAVE CLOSED EXACTLY AT 38.2% LEVEL.PROFIT BOOKING SHD BE DONE IN BUYING DONE AT LOWER LEVELS.

SENSEX AS ON 3.11.09

LOOK AT CHART ATTACHED.
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UPDATE AT 4.50 P.M. ON 4.11.09

CHEERS !

MARKET UP BY MORE THAN 500POINTS AS PER EXPECTED AND SHOWN IN CHART!

WAKE UP BEAR!

this mail was sent on 9/10/09.

we saw reversal from 16/10/09


http://pankaj564.blogspot.com/2009/10/wake-up-bear.html

BEARS WHO ARE CALLING FOR A MARKET REVERSAL - DREAM ON

have a look at link.

Blog: sandip sabharwal
Post: BEARS WHO ARE CALLING FOR A MARKET REVERSAL - DREAM ON
Link: http://sandipsabharwal.blogspot.com/2009/10/bears-who-are-calling-for-market.html

DOW

DOW HAS ALSO CORRECTED HEAVILY IN LAST WEEK AND

 

IS POISED AT CRITICAL ZONE OF 50EMA AS SHOWN IN CHART.

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UPDATE ON 3.11.09 6 P.M.

DOW GAVE A STRONG BOUNCE. BUT TODAY ALL MKTS R WEAK. DOW TO FOLLOW WORLD MKTS AND TO TUMBLE AGAIN?