SENSEX AS ON 29.12.2010

comments on chart.

ELLIOT WAVES BY CALDRO

for elliot wave followers 

a beautiful link with good charts showing wave counts.

http://caldaro.wordpress.com/2010/12/01/indias-sensex/

SANDIP SABHARWAL : Turning to a positive stance in the short run as consensus extremely bearish

interesting mail from SANDIP SABHARWAL 

link of blog :  

http://www.sandipsabharwal.com/2010/12/turning-to-positive-stance-in-short-run.html

SENSEX AS ON 17.12.2010

3 charts are attached herewith. 

as shown in 60 min chart we are still moving in a downward channel and are at upper trend line.

as discussed on 3.12.2010, as shown in monthly chart support at green trend line ( which represents break out sideways 

channel) is taken.during last 2 weeks time mid cap n small cap stocks are corrected more in comparison of large cap.

if we see break out from downward channel , long positions can be taken in quality mid cap stocks only. since we are 

close  to year end, nav lifting exercise as well as dec qtr results may give upmoves in such stocks.

for wave count a link from blog of Ilangoji is attached herewith which shows different options.

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjspQjbXqZSoRU3qje0nPMhj52IrNXOJTteFy3biDvp-CZ-91Vo9R4O0jKs3QrNOui59AcPJ6I5-OU8LZSzdqQarfJ9wYCRabAruJXsaTAuNH-0pCbFYP7Y4dMDnAnSVNUFDTV-iXD62G_A/s1600/0.PNG

FKONCO was recommended 

http://pankaj564.blogspot.com/2009/10/fkonco.html

it closed at 109 yesterday.it has corrected from top near 190.  its illiuid scrip. patient investors can add it. in daily chart 

rsi is showing positive divergence. 

sensex weekly chart as on 9.12.10

look at weekly chart attached. after testing 20218 we are moving down again.sentiment is damaged.

long positions can be taken only after cross over of dnward channel which is looking very difficult 

in damaged sentiment. monthly chart upward channel is also broken.

5 DAY SENSEX CHART AS ON 9.12.10

LOOK AT CHART.

MARKET AS ON 7.12.10

look at chart added as on 7.12.2010

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

after testing 18955 market has moved up in last week and corrected 50% of fall from 21109 to 18955.

2 charts are attached herewith , one is monthly chart which i s indicative of broader picture.

second one is 60 minute chart showing short term movements and expected support and resistance areas.

comments are in charts.looking at sentiment by actions from regulatory body be selective 

in stocks preferably in large caps only and with strict stop losses .

MARKET AS ON 3.12.10

after testing 18955 market has moved up in last week and corrected 50% of fall from 21109 to 18955.

2 charts are attached herewith , one is monthly chart which i s indicative of broader picture.

second one is 60 minute chart showing short term movements and expected support and resistance areas.

comments are in charts.looking at sentiment by actions from regulatory body be selective 

in stocks preferably in large caps only and with strict stop losses .

SENSEX AS ON 23.11.2010

look at charts attached. comments on chart.l

A Story of Appreciation - Must read

This is a powerful message in our modern society. We seemed to have lost our bearing & our sense of direction. One young academically excellent person went to apply for a managerial position in a big company. He passed the first interview, the director did the last interview, made the last decision. The director discovered from the CV that the youth's academic achievements were excellent all the way, from the secondary school until the postgraduate research, never had a year when he did not score. The director asked, "Did you obtain any scholarships in school?" the youth answered "none". The director asked, " Was it your father who paid for your school fees?" The youth answered, "My father passed away when I was one year old, it was my mother who paid for my school fees. The director asked, " Where did your mother work?" The youth answered, "My mother worked as clothes cleaner. The director requested the youth to show his hands. The youth showed a pair of hands that were smooth and perfect. The director asked, " Have you ever helped your mother wash the clothes before?" The youth answered, "Never, my mother always wanted me to study and read more books. Furthermore, my mother can wash clothes faster than me. The director said, "I have a request. When you go back today, go and clean your mother's hands, and then see me tomorrow morning.* The youth felt that his chance of landing the job was high. When he went back, he happily requested his mother to let him clean her hands. His mother felt strange, happy but with mixed feelings, she showed her hands to the kid. The youth cleaned his mother's hands slowly. His tear fell as he did that. It was the first time he noticed that his mother's hands were so wrinkled, and there were so many bruises in her hands. Some bruises were so painful that his mother shivered when they were cleaned with water. This was the first time the youth realized that it was this pair of hands that washed the clothes everyday to enable him to pay the school fee. The bruises in the mother's hands were the price that the mother had to pay for his graduation, academic excellence and his future. After finishing the cleaning of his mother hands, the youth quietly washed all the remaining clothes for his mother. That night, mother and son talked for a very long time. Next morning, the youth went to the director's office. The Director noticed the tears in the youth's eyes, asked: " Can you tell me what have you done and learned yesterday in your house?" The youth answered, " I cleaned my mother's hand, and also finished cleaning all the remaining clothes' The Director asked, " please tell me your feelings." The youth said, Number 1: I know now what is appreciation. Without my mother, I would not be successful me today. Number 2: by working together and helping my mother, only I now realize how difficult and tough it is to get something done. Number 3: I have come to appreciate the importance and value of family relationships. The director said, " This is what I am looking for to be my manager.  I want to recruit a person who can appreciate the help of others, a person who knows the sufferings of others to get things done, and a person who would not put money as his only goal in life. You are hired." Later on, this young person worked very hard, and received the respect of his subordinates. Every employee worked diligently and as a team. The company's performance improved tremendously. A child, who has been protected and habitually given whatever he wanted, would develop "entitlement mentality" and would always put himself first. He would be ignorant of his parent's efforts. When he starts work, he assumes that every person must listen to him, and when he becomes a manager, he would never know the sufferings of his employees and would always blame others. For this kind of people, who may be good academically, may be successful for a while, but eventually would not feel sense of achievement. He will grumble and be full of hatred and fight for more. If we are this kind of protective parents, are we really showing love or are we destroying the kid instead?* You can let your kid live in a big house, eat a good meal, learn piano, watch a big screen TV. But when you are cutting grass, scrubbing or cleaning the floor, running errands,  please let them experience it. After a meal, let them wash their plates and bowls together with their brothers and sisters. It is not because you do not have money to hire a maid, but it is because you want to love them in a right way. You want them to understand, no matter how rich their parents are, one day their hair will grow gray, same as the mother of that young person. The most important thing is your kid learns how to appreciate the effort and experience the difficulty and learns the ability to work with others to get things done.

 

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