INFRA STOCKS

look at chart attached of srei infra 

INFRA STOCKS

ON FRIDAY INFRA STOCKS HAS SHOWN GOOD MOVES WITH VOLUMES.

CHARTS OF GMR INFRA AND RIIL ARE ATTACHED HEREWITH.

SENSEX

FRIENDS,

FIRST OF ALL I WILL LIKE TO ADD FEW LINKS WHICH WILL GUIDE US WHERE WE R HEADED.

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEicRQgm30xjq0n5ZSWYruB2XwTj9VxmxoF3u6Vh1RCNfqp4xSUUnDTAcwO6PyeCTPnJC3Q0fWeEIaOUPaCVPWWRd_rJU66VC165DGtULVMPh-ToZ2paJ9XYA2wrypXJQNMxtISOsYDh4EmU/s1600/sensex+option+2+new+as+on+27.11.09

I WILL LIKE TO ADD HERE THAT UP MOVE SHOWN FROM 15331 AS WAVE B.c IS NOW MATCHING WITH AN OPTION THAT WE R IN 5TH WAVE OF RALLY STARTED FROM 8047.I AM NOT AN ELLIOT EXPERT SO I DONT WANT TO GO IN DEBATE OF WAVE COUNTS.I AM CONCERNED WITH CORRECT DIRECTION OF MARKET.

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxSL4bUvohovBqbQdZUgQyxK15iTmCeok-U6toZom0e3EjGqcQAjoWnxN9Ry9UtQF9fqfuhQHnALEorMW96kF7WzGqOF4UqbyLTZvM8vRBR-k2xJDg3sl5yJ6BYTEEB9iD96dZ4aXV4DeK/s1600-h/SENSEX+AS+ON+31.12.2009-771802.PNG

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYwlWtcGYst956AcGWMRVY50WNoECHInI7hos_bUQBlqzyaQb2b062Df0UI0zD28llA2drj23k94FI9ak-onlwboHSG4UQn19-8m4BswrLBwhJDHGfYqOme0ZdcrMzwSWV6C1hTYHposH2/s1600-h/sensex+as+on+4.1.2010-763485.PNG

ON 6/1/10 WE REVERSED FROM 17790 VERY CLOSE TO OUR TARGET OF 17800+.

WHAT NEXT?

look at chart attached. we may correction upto 17186/17000 or 16814 as per 38.2/50/61.8% retracements  from where we may see last up moving euphoric leg of this rally which may prove to be a strong budget rally.

immediate stop loss is at 16578.

PHARMA STOCKS

FRONT LINE PHARMA STOCKS LIKE CIPLA, RANBAXY HAVE CLOSED WELL AND MAY PERFORM BETTER IN COMING DAYS.

MARC FABER VIEWS

ENJOY THE LINK!

http://pragcap.com/gloom-doom-and-chances-of-a-boom

TATA TEA

TATA TEA WAS RECOMMENDED AT 870.

http://pankaj564.blogspot.com/2009/10/tata-tea.html

IT IS 1025 TODAY.

CHEERS!

SENSEX WEEKLY CHART- RSI AT CRITICAL ZONE

LOOK AT CHART ATTACHED.

SENSEX AS ON 31.12.09

look at chart attached!

HAPPY, HEALTHY & WEALTHY NEW YEAR TO ALL!

STOP LOSS AT 16578

WE HAVE SEEN IN FOLLOWING CHART THAT OUR STOP LOSS WAS 16210 WHEN IT WAS SENT.
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMJJuUs4OfFOx_Nm5XOYtIfcZdvpnM6qOoHpD9sV5MSrxxQsMnQD21Y0HzgUhwfiYk8hBBfQuZEivSjLSEuz3JLnXA3K6M5TNd9RaJNKuUXGdd9j3sp9U3ZbFMUNasJpBgIy52TacLx2A3/s1600-h/1-2-3+PATTERN-700450.PNG

NOW WE HAVE SEEN HIGHER BOTTOM AT 16578 ON 21/12/2009.

TODAY WE HAVE SEEN LOWER HIGH AND LOWER LOW AFTER GOOD RUN UP FROM 16578 TO 17486.

SO I REVISE STOP LOSS AT 16578 NOW.

POWER STOCKS SHOWING POWER

POWER SECTOR SHARES ARE SHOWING STRENGTH. NTPC HAS GIVEN GOOD BREAK OUT , RPOWER HAS GIVEN GOOD 

BREAK OUT. IT SEEMS THAT POWER SECOR SHARES WILL SHOW MORE STRENGTH IN COMING DAYS