sensex monthly chart as on 16.9.2011

comments on chart.

RETRACEMENT LEVELS

retracement levels for last fall from 19132 to 15766 are given below:

38.2%  17052

50%    17449 

61.8%  17846

78.6%  18412

must read

Date: 23 Aug 2011 03:24 Subject: LETTER OF THE EDITOR OF "THE TIMES OF INDIA " TO THE PRIME MINISTER OF INDIA To: Must Read ! Very Powerfully Worded. Bravo - Prakash Bajaj, Editor of   Times of India .                                                           LETTER OF THE EDITOR OF "THE TIMES OF INDIA " TO THE PRIME MINISTER 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 ministers I 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 intelligence 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 everything Hindu, Muslim, Christian, Scheduled Caste, OBC, Muslim OBC, Christian Scheduled Caste, and Creamy Scheduled 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 stamp in the name of president. Imagine SHE IS SUPREME COMMANDER OF INDIA 'S THREE DEFENCE FORCES. What morale 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 a good person. Dear Mr Prime minister, you are one of the most intelligent person, 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 honestly and 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                                                PLEASE READ N FORWARD TO AS MANY PEOPLE IN YOUR CONTACT LIST.............. IF EVERYONE FORWARDING THIS MESSAGE EVERYDAY, ATLEAST 10 NEW PEOPLE, THEN IT WILL REACH 1.21 BILLIONS OF INDIA INCLUDING PRIME MINISTER.                                            1ST DAY                                           10.00   2ND DAY                                          100.00   3RD DAY                                          1,000.00   4TH DAY                                          10,000.00   5TH DAY                                          100,000.00   6TH DAY                                          1,000,000.00   7TH DAY                                          10,000,000.00   8TH DAY                                          100,000,000.00   9TH DAY                                          1,000,000,000.00   10TH DAY                                        1,210,193,422.00

PROFESSIONAL TIPS

1. On Earnings: 

Never depend on Single income make investment to create a second source.

2.On Spending: 

If you buy things u dont need, soon you will have to sell things you need.

3.On Savings: 

Dont save what is left after spending, spend what is left after savings.

4.On taking Risk: 

Never test the depth of river with both feet.

5.On Investment: 

Dont put your all eggs in a single basket.

GUJARAT GAS AS ON 21.7.2011

look at chart. gujarat gas is on verge of break out.  on close above 420 with volumes it will be a good break out.

nifty between 50dma and 200 dma

look at chart. nifty is stuck between 50 dma and 200 dma.more over a triangle is also seen. break out from the triangle will give short term direction.

BHARTI SHIPYARD

BHARTI SHIP YARD made a top of 865 in first week of Jan08 when sensex made top of 21200. after that it corrected upto 45.when sensex made bottom of 8047 in march 09.it was a huge fall of 820 and we saw pull back up to 353 in Jan 2010. it has tested 121 in last week.which is 75% retracement of rise from from 45 to 353.

daily chart is showing +ve diveregnce. stock can be added with stop loss below 120 on closing basis for long term investment. cmp is rs. 131.

sensex as on 28.6.2011

Chart attached with comments.

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update as on 1/07/2011

strength was maintained up to 30/06/2011.on crossing 18600 zone sensex tested strong resistance level around 19000 which is on down ward sloping trend line and sell off was seen today.movement in coming days will decide direction of market. decisive cross over of down ward trend line after some correction can be bullish otherwise more weakness to go for a new low.

BIOCON as on 13.6.2011

look at chart attached.

inverse head and shoulder pattern is seen in biocon.

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stock reversed from neck line.

NIFTY AS ON 9.06.2011

look at nifty weekly chart attached.

we may see a big move in coming few weeks on breaking out from triangle.