MARKET BOUNCES...............

on friday sensex made low of 17296 and bounced back strongly and closed in green after a long time.since we have broken 200dma/ema since no of days and we are staying below that level for more than 7/8 days probability of more correction in coming days is more than making new high.

after making top at 21109 we made first low at 18955 and lower top at 20665. next bottom was formed on friday at 17296.so most probably we are retarcing fall from 20665 to 17296.retracemnt levels of 38.2/50/61.8% are 18583/18981/19378.

we should remember that 200 dma is placed near 18800. zone around 200 dma will become a strong resistance for this pull back.watch levels of 18981 and 19378.

LETTER OF THE EDITOR OF "THE TIMES OF INDIA " TO THE PRIME MINISTER OF INDIA

LETTER OF THE EDITOR OF "THE TIMES OF INDIA " TO THE PRIME MINISTER OF INDIA

Must Read ! Very Powerfully Worded.

Bravo - Prakash Bajaj, Editor of Times of India .

"I am born and brought up in Mumbai for last fifty eight years.
Believe me, corruption in Maharashtra is worse than that in Bihar
Look at all the politicians, Sharad Pawar, Chagan Bhujbal, Narayan Rane, Bal
Thackray , Gopinath Munde, Raj Thackray, Vilasrao Deshmukh all are
rolling in money. Vilasrao Deshmukh is one of the worst Chief
ministersI have seen. His only business is to increase the FSI
every other day, make money and send it to Delhi , so Congress can fight next
election. Now the clown has found new way and will increase FSI for
fishermen, so they can build concrete houses right on sea shore. Next
time terrorists can comfortably live in those houses, enjoy the
beauty of the sea and then attack our Mumbai at their will.

Recently, I had to purchase a house in Mumbai. I met about two dozen
builders. Everybody wanted about 30% in black. A common person
like me knows this and with all your intelligent agency & CBI, you and your
finance ministers are not aware of it. Where all the black money
goes? To the underworld isn't it? Our politicians take help of these
goondas to vacate people by force. I myself was victim of it. If you have time
please come to me, I will tell you everything.

If this has been a land of fools, idiots, then I would not have ever
cared to write to you this letter. Just see the tragedy. On one
side we are reaching moon, people are so intelligent; and on the other side,
you politicians have converted nectar into deadly poison.I am
everythingHindu, Muslim, Christian, Schedule caste, OBC, Muslim
OBC, Christian Schedule caste, and Creamy Schedule caste; only what I am not is
INDIAN. You politicians have raped every part of Mother India by
your policy of divide and rule.

Take example of our Former President Abdul Kalam. Such an intelligent
person; such a fine human being. But you politician didn't even
spare him and instead choose a worthless lady who had corruption charges and
insignificant local polititian of Jalgaon WHO'S NAME ENTIRE
COUNTRY HAD NOT HEARD BEFORE. Its simple logic your party just wanted a rubber
stampin the name of president. Imagine SHE IS SUPREME COMMANDAR OF
INDIA 'S THREE DEFENSE FORCES. what moral you will expect from our defence
forces? Your party along with opposition joined hands, because
politicians feel they are supreme and there is no place for good person.

Dear Mr Prime minister, you are one of the most intelligent
persons, a most learned person. Just wake up, be a real SARDAR. First and
foremost, expose all selfish politicians. Ask Swiss banks to give
names of all Indian account holders. Give reins of CBI to independent
agency. Let them find wolves among us. There will be political
upheaval, but that will be better than dance of death which we are
witnessing every day. Just give us ambience where we can work
honestlyand without fear. Let there be rule of law. Everything
else will be taken care of.

Choice is yours Mr. Prime Minister. Do you want to be lead by one
person, or you want to lead the nation of 100 Crore people?


Prakash B. Bajaj
Editor Mumbai-Times of India

NIFTY DOWN WARD CHANNEL

LOOK AT DOWNWARD CHANNEL

SENSEX AS ON 31.1.2011

comments on charts.

SENSEX AS ON 27.1.2010

comments on chart

THE HAIRCUT

One day a florist went to a barber for a haircut. After the cut, he asked about his bill, and the barber replied, 'I cannot accept money from you, I'm doing community service this week.' The florist was pleased and left the shop. When the barber went to open his shop the next morning, there was a 'thank you' card and a dozen roses waiting for him at his door.

Later, a cop comes in for a haircut, and when he tries to pay his bill, the barber again replied, 'I cannot accept money from you , I'm doing community service this week.' The cop was happy and left the shop. The next morning when the barber went to open up, there was a 'thank you' card and a dozen donuts waiting for him at his door.

Then a Member of Parliament came in for a haircut, and when he went to pay his bill, the barber again replied, 'I can not accept money from you. I'm doing community service this week.' The Member of Parliament was very happy and left the shop. The next morning, when the barber went to open up, there were a dozen other Members of Parliament lined up waiting for a free haircut.

And that, my friends, illustrates the fundamental difference between the citizens of our country and the politicians who run it.

sensex as on 17.1.2011

market is correcting from recent top of 21109. we have seen 18779 yesterday. on daily charts we can see +ve divergence.we r close to 200ema and few points away from 200dma.50% retracement of last major up move from 15960 to 21109 is also close to 18500.last major break out from sideways channel was from 18475.

i have attached  daily as well as weekly charts from Tony Caldro's report with his wave count.according to him we are on minor wave 4 c. looking at daily chart attached we can see +ve divergence in rsi ( 5 ).

have we completed 4 c and are we on next wave 5 upwards?

price action has to yet to confirm the same.

bearish wave count considers that we have topped out at 21109 and we have made lower top at 20665 and we are on 3rd down ward wave.

let us c what unfolds.

Open letter to our political leaders: India Inc

17th-Jan-11 17:56

Alarmed at the widespread governance deficit, corruption that is corroding the fabric of the nation and issues like environmental concerns that are impeding economic development, a group of 14 India Inc leaders including Deepak Parekh, Azim Premji, N Vaghul, Keshub Mahindra, Jamshyd Godrej, Yezdi Malegam, Bimal Jalan, Justice BN Srikrishna, Anu Aga, Ashok Ganguly, M Narasimhan, A Vaidyanathan, Nachiket Mor and Justice Sam Variava have written an open letter to the country’s political leadership.


An Open Letter to our Leaders

We are a small group of like-minded citizens who are concerned with the general deterioration in the overall value system of the nation, but have abiding belief and commitment in India’s potential and prospects as a successful democracy. We are a fraction of a very large number of Indians who, we believe, share our hopes and aspirations but have no means to channel their views and opinions in India’s public domain.

In the last few months, the country has witnessed eruption of a number of egregious events, thanks to an active media eagerly tracking malfeasance. There are, at present, several loud and outraged voices, in the public domain, clamouring on these issues which have deeply hurt the nation. We do not wish to add to the confusion by joining that debate. What we are deeply worried about is not to allow India’s huge growth potential and poverty alleviation challenges to be diluted or digressed from, and which would be a great loss, especially to the poor and the dispossessed.

Our aim is to try and rise above the present clamour and seek a more confident and purposeful national environment.

As concerned citizens, who have full confidence in the country’s ability to reach its social and economic development potential, and who have a deep and abiding faith in India’s prospects for a vibrant, pluralist and successful democracy, we have put down a few thoughts. This letter is the beginning of our aim to develop specific actions and recommendations which shall be placed in the public domain, from time to time.
1. We are alarmed at the widespread GOVERNANCE DEFICIT almost in every sphere of national activity covering government, business and institutions. Widespread discretionary decision making have been routinely subjected to extraneous influences. The topmost responsibility of those at the helm of the nation’s affairs must be to urgently restore the self-confidence and self-belief of Indians in themselves and in the State as well as in Indian business and public institutions which touch the lives of every Indian. The judiciary is a source of some reassurance but creation of genuinely independent and constitutionally constituted regulatory bodies, manned by persons who are judicially trained in the concerned field, would be one of the first and important steps to restore public confidence.
2. Possibly, the biggest issue corroding the fabric of our nation is ‘CORRUPTION’. This malaise needs to be tackled with a sense of urgency, determination and on a war footing. The institution of Lok Ayuktas, vested with adequate powers, would go a long way in effecting the needed correction, as is evident from the example of Karnataka. There is a need for every State to have effective and fully empowered Lok Ayuktas and indeed for early introduction of the Lok Pal Bill at the national level, for the purpose of highlighting, pursuing and dealing with corruption issues and corrupt individuals. Apart from speedily installing independent Lok Ayuktas, it is essential that their investigative agencies and law enforcing bodies should be made independent of the Executive. Amongst several urgent steps needed, this is possibly the most critical one that the nation can immediately initiate in order to reassure its citizens that corruption will be most severely dealt with, both at the branch and at the root level.
3. Time is overdue for India’s elected representatives to DISTINGUISH BETWEEN DISSENT AND DISRUPTION, while in the era of coalitions, tolerance of compromise still remains a challenge. Elected legislators and leaders must acknowledge and demonstrate their collective role and responsibility in restoring a sense of purpose and confidence in national institutions.
4. It is widely acknowledged that the benefits of growth are not reaching the poor and marginalised sections adequately due to impediments to economic development. This is because of some critical issues like ENVIRONMENTAL CONCERNS and differences in perspectives between central and state governments.
5. It is imperative to establish ways and means, for every Indian, to feel that they have genuine equal opportunities, access to decision makers and a stake in India’s progress. Dealing determinedly with GOVERNANCE and aggressively against CORRUPTION, while openly debating these issues by elected legislators is the only means left to reassure our citizens.

We believe that through urgent, concerted action in which we are ready to lend a hand, positive change can be achieved.

WAKE UP INDIANS!

first of all i will  like to put a link which narrates what people can do if they wish. it is about NAVNIRMAN MOVEMENT of Gujarat which started with steep 20% rise in food bill in L.D.Engg. College at Ahmedabad  and it turned into a great movement without a single political leader which compelled the chief minister to resign.mlas to resign, finally prime minister Mrs. Indira Gandhi was compelled to dissolve the assembly.

http://indiatoday.intoday.in/site/Story/2727/Cover%20Story/Pulse+of+the+people.html

if we compare it with current environment in our country, we see no of corruption issues coming out by politicians .prices of basic commodities are sky rocketing with great economist prime mister surrounded  by corrupt leaders.even after scams are public the leaders are thick skinned that they reluctant to resign . size of scams are also going high n high.

Mrs. India Gandhi accepted corruption as a global phenomenon and it was accepted.people who deal with govt departments consider govt officials as their partners bcz they have to pay their fixed share whether they earn or loose.corruption percolating to more n more lower levels from top.

they are considering citizens fool and make drama of setting up committees which again are headed by tainted people, and waste of public money. 

previously when we got freedom, leaders were coming in politics to serve nation. now most of them are coming as a business to make big money by unfair means.they are giving tickets to devils who can win elections for them.they are getting good remuneration now.

they are going for all types of discriminatory  actions to divide Indians in their vote banks.they r diving  on basis of  religion, reservations and other parameters.

we Indians should now act unitedly to fight all these evils . system has been corrupted from top and  going down n down. it is to be corrected from bottom thats by people only.

BEJAN DARUWALA Markets in 2011: What do the stars foretell?

Q: What are the stars predicting for markets in 2011?

A: I am afraid that 2011 will be one of many mixed trends and variations. Astrology is all about timing. The first trend will be from January to July and that will be slightly tough. Terrorists will be active, there may be natural calamities, death of a leader, god forbid, is possible. Economic crunch is certain and this will not help buying, selling, producing power at all of the bigger nations and because of that they will not be able to invest in our country.

I am reasonably correct, not always but reasonably. I have an average of 75%. The first trend is from January to July end which is the tough one. The second trend is from August 2011 to January 2012. And the third trend will start from February-March 2012. I can promise you that that the buying power of India, the economic muscle of India, the infrastructure of India, the education and the health of India will be pure gold. So we are on the way up.

So I would say wait for one year. Trust this Ganesha devotee, Hanuman devotee, trust this man who also loves Allah. Wait for a year and all of you will give me sweetmeats. But wait for a year.