look at chart . it will help to trade in coming days.
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update as on 7.6.10 at 4.30 pm
inverse H n S pattern invalid due to break of neck line today.
due to weak global markets we have corrected and broken rising wedge. we have gone below green trend line that was giving support. now green T line will be giving resistance and lower dark T line will be our support. for tomorrow 5050-5100 will be resistance zone and 4961 is a stop loss for long positions as per 1-2-3 pattern which was last higher low.
Saturday, June 5, 2010
Thursday, June 3, 2010
MARKET AT A CRITICAL STAGE
OBSRVATIONS;
2 CHARTS ARE ATTACHED.
POSITIVE:
HIGHER LOW HIGHER HIGH SEEN FIRST TIME AFTER CORRECTING FROM TOP IN DAILY CHARTS.
INVERSE HEAD N SHOULDER PATTERN WITH NECK LINE AROUND 16971/17000 ZONE
NEGATIVE:
STRONG RESISTANCE IN MONTHLY CHART
100 EMA TESTED TODAY . INABILITY TO CROSS SAME WILL START DOWN WARD MOVES AGAIN.
50% RETRACEMENT OF FALL FROM TOP OF 18048 TO 15960 CLEARED AT 17004 ,61.8% AT 17250.
TREND LINE IN DAILY CHARTS GIVE STRONG RESISTANCE AT 17400/5200 ZONE.
STRETEGY:
KEEP STRICT STOP LOSS OF 16544/4961 FOR ALL LONG POSITIONS.
Saturday, May 22, 2010
SENSEX AS ON 21.5.2010/ stop loss at 4961
LOOK AT CHART ATTACHED.
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UPDATE AS ON 29.5.10
MARKET MADE NEW LOW BELOW 16187 AND WAVE COUNT IS INVALID.ALTHOUGH AS PER EXPECTATION BOUNCE IS SEEN AFTER LOW OF 15960 AND WE HAVE CROSSED 200 DMA AND CLOSED ABOVE IT FOR A DAY.NEXT BIG HURDLE IS AT 100 DMA AROUND 17000 AREA. IT CAN GIVE VERY VERY TOUGH RESISTANCE.
WE WILL OBSERVE THAT AREA AND WILL DO PART PROFIT BOOKING IN BUYING DONE AT LOWER LEVELS TO REDUCE COST.
AS PER 1-2-3 PATTERN YET WE HAVE TO SEE HIGHER BOTTOM HIGHER TOP PATTERN. TILL THAN CAUTIOUS AND DEFENSIVE APPROACH IS MUST.
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DEFENSIVE STOCKS LIKE HUL, NIRMA,COLGATE, ITC AND SUGAR STOCKS MAY PERFORM BETTER IN COMING DAYS.
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UPDATE AS ON 1.6.10
AS EXPECTED 17K PROVED TO BE A TOUGH RESISTANCE. CLD NOT CROSS YESTERDAY'S TOP AT 16971. PART PROFIT BOOKING HELPED TO REDUCE COST.
WATCH 16200/16350 ZONE , IF THESE LEVELS R NOT BROKEN AND WE MOVE UP WE MAY SEE HIGHER LEVELS AFTER CROSSING 17K.VIOLATION OF THIS ZONE MAY TAKE US TO A NEW LOW.
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update as on 3.6.10 10.23 am
we have seen higher low higher high on crossing 16971.so as per 1-2-3 pattern stop loss for long positions at low of monday. for nifty lvl is 4961. for sensex due to freak trade of ril level is confusing.it may be around 16500-550.
IN LAST UPDATE ON MARKET .....
WE HAD EXPECTED THAT WE HAVE TOPPED AT 18048 AND WAVE COUNT WAS SHOWN.
MOSTLY WE HAVE COMPLETED DNMOVE AND WE MAY SEE UPMOVE FROM HERE. EVEN IF SMALL DNMOVE IS LEFT OUT
THAT SHD BE USED TO COVER SHORT POSITIONS.
LARGE CAP STOCKS CAN BE BOUGHT ON DELY BASIS FOR SHORT TERM BCZ MOSTLY UPMOVE COMING FROM HERE
MAY BE A SECOND UPMOVING WAVE TO BE FOLLOWED BY THIRD DNMOVING WAVE.ON START OF THIRD WAVE
SELLING CAN BE DONE AGAIN.
*************************************************************
UPDATE AS ON 29.5.10
MARKET MADE NEW LOW BELOW 16187 AND WAVE COUNT IS INVALID.ALTHOUGH AS PER EXPECTATION BOUNCE IS SEEN AFTER LOW OF 15960 AND WE HAVE CROSSED 200 DMA AND CLOSED ABOVE IT FOR A DAY.NEXT BIG HURDLE IS AT 100 DMA AROUND 17000 AREA. IT CAN GIVE VERY VERY TOUGH RESISTANCE.
WE WILL OBSERVE THAT AREA AND WILL DO PART PROFIT BOOKING IN BUYING DONE AT LOWER LEVELS TO REDUCE COST.
AS PER 1-2-3 PATTERN YET WE HAVE TO SEE HIGHER BOTTOM HIGHER TOP PATTERN. TILL THAN CAUTIOUS AND DEFENSIVE APPROACH IS MUST.
******************************************************
DEFENSIVE STOCKS LIKE HUL, NIRMA,COLGATE, ITC AND SUGAR STOCKS MAY PERFORM BETTER IN COMING DAYS.
***************************************************************
UPDATE AS ON 1.6.10
AS EXPECTED 17K PROVED TO BE A TOUGH RESISTANCE. CLD NOT CROSS YESTERDAY'S TOP AT 16971. PART PROFIT BOOKING HELPED TO REDUCE COST.
WATCH 16200/16350 ZONE , IF THESE LEVELS R NOT BROKEN AND WE MOVE UP WE MAY SEE HIGHER LEVELS AFTER CROSSING 17K.VIOLATION OF THIS ZONE MAY TAKE US TO A NEW LOW.
****************************************************
update as on 3.6.10 10.23 am
we have seen higher low higher high on crossing 16971.so as per 1-2-3 pattern stop loss for long positions at low of monday. for nifty lvl is 4961. for sensex due to freak trade of ril level is confusing.it may be around 16500-550.
Thursday, May 20, 2010
Old but gold.. Mayonnaise Jar and 2 Beers
|
Saturday, May 15, 2010
SENSEX WAVE COUNTS AS ON 14.5.10
LOOK AT CHART ATTACHED.
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UPDATE AS ON 18.5.10
PREV LOW OF 16684 WAS BREACHED YESTERDAY.
SO STOP LOSS FOR SHORT POSITIONS
LOWERED TO LOWER TOP AT 17389.
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LOW OF 16551 ALSO GOOOOOONE!
STOP LOSS FOR SHORT POSITIONS REVISED FROM 17389 TO 17000 NOW.
CHEERS!
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UPDATE AS ON 19.5.10 4.00 P.M.
WE HAVE SEEN LOW OF 16373 TODAY. WE HAVE CORRECTED BY 9% FROM TOP OF 18048.
WE ARE GETTING OVER SOLD ALSO.
MINOR +VE DIVERGENCE IS ALSO SEEN IN DAILY CHARTS.
IT WILL BE ADVISABLE TO BOOK PROFITS IN SHORT POSITIONS GRADUALLY FROM HERE ONWARDS.
************************************************************
UPDATE AS ON 21.5.10 9.30 A.M.
CHEERS!
MARKET TESTED 16200 TODAY. TODAY WE MIGHT HAVE COMPLETED 3.5 OR 5.5 OF FIRST DNWAVE. COVER 50% OF YR SHORT POSITIONS AT LEAST.
AS PER THIS MAIL STOP LOSS FOR SHORT POSITION WAS AT 17827.
NOW WE HAVE SEEN NEW LOW AT 16684. ON BREACH OF 16684
STOP LOSS FOR SHORT POSITIONS SHOULD BE LOWERED TO 17389.
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UPDATE AS ON 18.5.10
PREV LOW OF 16684 WAS BREACHED YESTERDAY.
SO STOP LOSS FOR SHORT POSITIONS
LOWERED TO LOWER TOP AT 17389.
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LOW OF 16551 ALSO GOOOOOONE!
STOP LOSS FOR SHORT POSITIONS REVISED FROM 17389 TO 17000 NOW.
CHEERS!
***************************************************
UPDATE AS ON 19.5.10 4.00 P.M.
WE HAVE SEEN LOW OF 16373 TODAY. WE HAVE CORRECTED BY 9% FROM TOP OF 18048.
WE ARE GETTING OVER SOLD ALSO.
MINOR +VE DIVERGENCE IS ALSO SEEN IN DAILY CHARTS.
IT WILL BE ADVISABLE TO BOOK PROFITS IN SHORT POSITIONS GRADUALLY FROM HERE ONWARDS.
************************************************************
UPDATE AS ON 21.5.10 9.30 A.M.
CHEERS!
MARKET TESTED 16200 TODAY. TODAY WE MIGHT HAVE COMPLETED 3.5 OR 5.5 OF FIRST DNWAVE. COVER 50% OF YR SHORT POSITIONS AT LEAST.
Friday, May 14, 2010
Friday, May 7, 2010
Tuesday, May 4, 2010
MARKET
REFER THE LINK
*******************************************************************
UPDATE AS ON 7.05.10 AT 9.45 A.M.
WE HAVE SEEN BOTTOM OF 16720 IN GAP DN OPENING TODAY. WE HAVE CORRECTED BY APPRX 7% FROM TOP OF 18048. WE R CLOSE TO 200DMA AT 16632.PART PROFIT BOOKING CAN BE DONE IN SHORT POSITIONS ADVISED SO WE CAN SELL AGAIN AT HIGHER LVL.
************************************************************
UPDATE AS ON 11.5.10
AS PER EXPECTATION MARKET HAS GIVEN A GOOD BOUNCE TO SELL AGAIN AS ADVISED.
as referred in this link on 19/04/10 stop loss of 17488 was triggered and sell on rise was to be followed.
after breaking 17488 we made a bottom of 17277 on 19/04/10 and made lower top of 17827 on 26/04/10.
today we broke 17277 level. so as per 1-2-3 pattern short positions can be taken bcz we have seen
new low below 17277.
stop loss for the short positions shd be 17827 which was lower top made on 26/04/10.
*******************************************************************
UPDATE AS ON 7.05.10 AT 9.45 A.M.
WE HAVE SEEN BOTTOM OF 16720 IN GAP DN OPENING TODAY. WE HAVE CORRECTED BY APPRX 7% FROM TOP OF 18048. WE R CLOSE TO 200DMA AT 16632.PART PROFIT BOOKING CAN BE DONE IN SHORT POSITIONS ADVISED SO WE CAN SELL AGAIN AT HIGHER LVL.
************************************************************
UPDATE AS ON 11.5.10
AS PER EXPECTATION MARKET HAS GIVEN A GOOD BOUNCE TO SELL AGAIN AS ADVISED.
Friday, April 30, 2010
STOCK TO WATCH : KAMANWALA HOUSING
KAMANWALA HOUSING LISTED ON BSE SCRIP CODE 511131 IS SHOWING STRENGTH
WITH VOLUME AND HAS GIVEN A BREAK OUT AS SHOWN IN CHART.BUY WITH
A STOP LOSS BELOW 57 ON CLOSING BASIS.
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