Bank Nifty is consolidating with a likely support @ 8930 or 8900 and will move higher once it clears 9020-9050 resistance.
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Thursday, December 31, 2009
Thursday, December 24, 2009
Infosys in its 5th wave..
Infosys is moving higher in its 5th wave and making all time highs. When a scrip makes all time highs, it is difficult to put a target or resistances. The prices have overcome all the pent-up supply and moving higher due to good demand for the scrip.
Macd indicator shows a developing negative divergence, a factor which may be kept on the back of your mind to play a reversal in case the price reverses from the mentioned levels.
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Macd indicator shows a developing negative divergence, a factor which may be kept on the back of your mind to play a reversal in case the price reverses from the mentioned levels.
Monday, December 21, 2009
Friday, December 18, 2009
Thursday, December 17, 2009
Tuesday, December 15, 2009
Monday, December 14, 2009
Friday, December 11, 2009
Bajaj Hindustan - a Break out Candidate.
Keep a SL @ 200 & Buy it for some quick returns.
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Hindustan Oil expo & Torrent Pharma.
Hindoilexpo is on the verge of completing its correction.245-255 seem to be a good entry point to be confirmed by a break out of the channel for the 5th or "C" wave up.
Torrent pharma on strong upmove maintaining higher highs & higher lows with extending waves.It may correct upto 375 and resume uptrend.
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Torrent pharma on strong upmove maintaining higher highs & higher lows with extending waves.It may correct upto 375 and resume uptrend.
Tuesday, December 8, 2009
Maruti- corrections ahead.
Maruti shows minor negative divergences in the daily chart and likely to correct downwards.
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Friday, December 4, 2009
Stocks breaking out..so many..
Cement stocks which have been correcting since "Post Elections", have started to move up. Cement stocks generally give lead indications.
After a broader correction(Upward correction) for more than 3 months, Steel & other commodity stocks have started to trend higher and some in the process of doing so.
Reliance is also in the process of moving higher if it can break past 1120.
Bank stocks , after a brief correction, are on the verge of moving higher.
IT stocks continue to trend higher.
In Nifty, in the higher time frames such as Daily & Weekly, the prices continue to display higher high & higher lows. Highs are capped presently capped @ 5182. The moment that high is taken out, the bullishness will become obvious(Presently scores of stocks are outperforming..the big stocks are yet to do catching up).
Till a valid lower low is not done(and a subsequent lower high), no sustained fall is possible.
So stock pickers...have a blast of a time..
Continue Reading...
After a broader correction(Upward correction) for more than 3 months, Steel & other commodity stocks have started to trend higher and some in the process of doing so.
Reliance is also in the process of moving higher if it can break past 1120.
Bank stocks , after a brief correction, are on the verge of moving higher.
IT stocks continue to trend higher.
In Nifty, in the higher time frames such as Daily & Weekly, the prices continue to display higher high & higher lows. Highs are capped presently capped @ 5182. The moment that high is taken out, the bullishness will become obvious(Presently scores of stocks are outperforming..the big stocks are yet to do catching up).
Till a valid lower low is not done(and a subsequent lower high), no sustained fall is possible.
So stock pickers...have a blast of a time..
Tuesday, December 1, 2009
Bank Nifty & SBI
Prices are still trending up within the channel.
Break below 2100 will be bearish..
Only a break below 8650 will be weak.
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Break below 2100 will be bearish..
Only a break below 8650 will be weak.
Monday, November 23, 2009
Baja Hindustan - a Sell on rise..
It has commenced its "iii" wave down from 228.40 and that will be a SL(Spot) for Shorts for Dec. Series. It may have a "Pause week" before heading lower..
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Wednesday, November 18, 2009
Tuesday, November 17, 2009
Infosys-Update
Infosys is in its 5th wave and it will move into its all time highs. Only concern being the lack of volume during this upmove of 10-15 days.
Infosys-weekly-Log chart suggests of heading towards the middle line(much higher), after which it is expected to consolidate.
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Infosys-weekly-Log chart suggests of heading towards the middle line(much higher), after which it is expected to consolidate.
Reliance Capital
Reliance Capital - HOUR
Reliance Capital - DAY
Reliance Capital - WEEK
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Reliance Capital - DAY
Reliance Capital - WEEK
Saturday, November 14, 2009
Thursday, November 12, 2009
BANK NIFTY
This is the view based on "Price study":
If resisted @ 9500-9630 region, a correction to 9000 is possible. Staying within the channel, it can move to new highs.
This steep upmove may pause and the type of correction(Shallow or deeper) will give clues to its further upmove.
I will post its TA position later.
Continue Reading...
If resisted @ 9500-9630 region, a correction to 9000 is possible. Staying within the channel, it can move to new highs.
This steep upmove may pause and the type of correction(Shallow or deeper) will give clues to its further upmove.
I will post its TA position later.
Tuesday, November 10, 2009
Reliance - Day & Hour View.
If it makes another high in the hour charts, there are chances of -ve div developing. Or it may have to break the channel to resume downtrend.
It has been trading in a broad range since 4 months. As in "a" down, the "c" down has one more leg of down move. 2050 - 2150 resistances and 1800 - 1650 supports.
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It has been trading in a broad range since 4 months. As in "a" down, the "c" down has one more leg of down move. 2050 - 2150 resistances and 1800 - 1650 supports.
Wednesday, November 4, 2009
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