LIC Housing Finance- Reversal after a spectacular run.

Weekly negative divergence should never be treated lightly. Even medium to long term investors can book out, atleast partially, and may re-enter at lower levels @ 38% or 50% retracements..depending on the overall market conditions.

On the daily chart, it may be nearing a temerory bottom. After a brief rally or a pause, it should resume its down trend.

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IT Index reverses after severe Negative divergence..

DEEPU: Thank you for drawing my attention to IT stocks- Next to fall..!
CNX IT Index - Daily: Confirmed a sell. Write Call options; Buy PUT options; Sell the Futures and hold through the Nov. Series.

Wipro-Week: Sell signal after Negative divergence after a year of uptrend. SELL...

Wipro-Daily: Just broken a major trendline support after showing series of Negative divergences. SELL..SELL..

Though other IT stock charts are not shown here, SELL them anyway.

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HOLD Stocks for more gains..

The one success formula in the stock market is "Believe in what you see and act on it on time having faith in your own views".

If you have bought stocks yesterday at the mentioned levels, do not sell at the mentioned levels as positive world cues would fetch higher prices. So raise the selling price higher and use trailing SL to lock in the profits.
Tata Steel: 461-475++.........503--
Suzlon:..........69-70++...........75--
RCapital :... 720-735++.........795--
RCom :...... 185-195++.........204--
Essar Oil:... 130-132...........145--
Cairn :....... .262-265...........276--
Icici Bk :..... 770-780...........826--
Aban :........... 1285++...........1400--

Whenever market is above its 200DMA and you see a continuous 5 days of fall, you buy there, then you are likely to get very good short term gains. While Nifty trading above its 200DMA(3930) fell for 8 days with a small pause in one day in between had offered such an opportunity. And it may offer again too.

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