STOCKS TO WATCH FOR SHORT TERM LONG POSITIONS :
BHEL/BIOCON/HDFC/RIL/SIEMENS/ACC
KEEP STRICT STOP LOSS
Saturday, June 12, 2010
Thursday, June 10, 2010
NIFTY AS ON 8.6.10/ UPDATE AS ON 10.6.10
LOOK AT CHART ATTACHED
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UPDATE AS ON 10.6.10
UPWARD CHANNEL SHOWN IN CHART IS STILL INTACT AND WE ARE MOVING IN
UPWARD DIRECTION.YESTERDAY'S SHARP DNMOVES CREATED NERVOUSNESS AND
FEAR THAT SUPPORT AT 4961 MAY BREAK BUT IT SURVIVED AND TODAY ON
WEAKNESS OF US DOLLAR INDEX EQUITY MARKETS ARE SHOWING STRENGTH.
ON CROSSING 5078 WHICH WAS 61.8% LVL OF LAST FALL AS MENTIONED IN
INTRADAY CHART WE MAY GET RESISTANCE AT 5105 WHICH IS 76.4%
RETRACEMENT OF LAST FALL.
ON CROSSING 5105 NEXT RESISTANCE COMES AT 17150 WHICH IS IMMEDIATE PREV
TOP AS WELL AS APPRX RESISTANCE AREA BY BOTTOM TREND LINE OF RISING
WEDGE.
STOP LOSS FOR LONG POSITIONS AS PER 1-2-3 PATTERN STILL 16544
APPRX STOP LOSS BY UPWARD CHANNEL TREND LINE AT 16700.
STOCKS TO WATCH FOR VERY SHORT TERM LONG POSITIONS:
BHEL/LnT/IFCI/NTPC
METALS HAVE CORRECTED MAXM SO WE MAY SEE MORE PULL BACKS IN METALS
STERLITE /TISCO MAY SHOW FURTHER UPMOVES IN SHORT TERM
STRICT STOP LOSSES ARE MUST FOR THIS SHORT UPMOVE.
NIFTY INTRADAY 10.6.10 update
--
Concentrate all your thoughts upon the work at hand. The sun`s rays do not burn until brought to a focus.
- Alexander Graham Bell
Wednesday, June 9, 2010
NIFTY FUTURE CHART FROM BLOG OF ILANGOJI
THIS LINK IS FOR NIFTY FUTURE CHART FROM ILANGOJI'S BLOG.
INTRADAY OPTIONS AS ON 9.6.10
LOOK AT CHART ATTACHED
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update as on 9.6.10 3.18 pm
we have broken green trend line giving support.
long positions not advisable.
Tuesday, June 8, 2010
Monday, June 7, 2010
BUY EXCEL INFO AT 41 FOR LONG TERM
EXCEL INFO IS SHOWING +VE DIVERGENCE IN WEEKLY CHARTS.
BUY IT AT CMP 41. FOR LONG TERM INVESTMENT.
Saturday, June 5, 2010
TRENDLINES AS ON 5.6.10
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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.
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