Tuesday, February 9, 2010
distribution before a crash
i would let the gap at 4832---one fibonacci resistant at 4842..one imprtant high at 4894 are crucial levels.
we must let nifty close above these levels,for a real strong up move.
also this should happen within 3-4 days only,,if not..we are in danger of a another big crash.
traders are buying on HOPE now,,as they were selling in the same HOPE ,when the markets were going up,,,all must try and understand that..any rally upto 4950..will be a corrective one and only to sell..with an sl of a close above 4955.
it was a huge rally from october-08 and march-09 lows...its a huge correction on the downside unfolding slowly.
in 2008 it was usa,,this time around its europe.so take care in longs,,especially overnight longs.
for investors its simply time to stay in cash.
even highly volatile stocks like jsw steel is developing a top h&s pattern so,,unless 4950 is taken out...no overnight longs
it was a huge rally from october-08 and march-09 lows...its a huge correction on the downside unfolding slowly.
in 2008 it was usa,,this time around its europe.so take care in longs,,especially overnight longs.
for investors its simply time to stay in cash.
even highly volatile stocks like jsw steel is developing a top h&s pattern so,,unless 4950 is taken out...no overnight longs
Thursday, February 4, 2010
4536 very crucial
I had very very clearly warned every reader about, bearish probabilities and its severe implications on an investors portfolio,,advised tobe in cash..on 12th jan 2010.
readers must be realising importance of such an early warning....looking at dow plunging below 10000 mark yesterday night.
users of my services are getting immense benefit of intraday developments,,we are very clearly short from 4868 in nifty and positional short in stocks like acc,,tata motors,century text,axis,icici ,dlf, idfc,punj ,pnb etc....... www.twist4nifty.com
importance of technicals is huge but, even with best ta..a trader must learn, to ACT.
because..if a trader / investor applies his / her own mind, neglecting a ta's views..than no one can help.
i hope my readers are way way ahead of others.
crucial few days seems to be a distribution phase
LIST OF STOCKS ON WHICH MY TRADING SYSTEM HAS GIVEN SELL CALLS ,,,ON LAST 2-3 DAYS ,INCLUDING TODAY......
Ticker Trade Date Close
AARTIDRUGS Short 04/02/2010 96.3500
ABAN Short 04/02/2010 1177.2500
ABIRLANUVO Short 04/02/2010 853.4000
ACE Short 04/02/2010 39.1000
ADHUNIK Short 04/02/2010 113.2500
ADORWELD Short 04/02/2010 183.5000
AEGISCHEM Short 04/02/2010 195.3000
AIAENG Short 04/02/2010 341.3500
AJMERA Short 04/02/2010 189.4000
ALFALAVAL Short 04/02/2010 1195.4500
ALKALI Short 04/02/2010 115.3000
ALLCARGO Short 04/02/2010 188.3000
ALPA Short 04/02/2010 13.7500
ALPSINDUS Short 04/02/2010 12.2500
AMAR Short 04/02/2010 54.9500
AMARAJABAT Short 04/02/2010 156.5000
AMBUJACEM Short 04/02/2010 100.7000
AMDIND Short 04/02/2010 27.2000
ANGAUTO Short 04/02/2010 44.7500
ANIKINDS Short 04/02/2010 65.7000
ANSALINFRA Short 04/02/2010 70.7500
ARL Short 04/02/2010 1.9500
ASHOKLEY Short 04/02/2010 52.5000
AUTOIND Short 04/02/2010 114.5000
AVENTIS Short 04/02/2010 1601.8000
BALAJITELE Short 04/02/2010 54.6500
BALLARPUR Short 04/02/2010 25.8500
BANARISUG Short 04/02/2010 1173.9000
BANCOINDIA Short 04/02/2010 83.9500
BANK Nifty Short 04/02/2010 8471.0996
BANKRAJAS Short 04/02/2010 64.5500
BASF Short 04/02/2010 390.9500
BATAINDIA Short 04/02/2010 187.1000
BBL Short 04/02/2010 956.3000
BEML Short 04/02/2010 1090.3000
BFUTILITIE Short 04/02/2010 1093.5500
BGRENERGY Short 04/02/2010 480.5000
BHARATGEAR Short 04/02/2010 52.1500
BIOCON Short 04/02/2010 266.2000
BIRLACOT Short 04/02/2010 1.2500
BIRLAPOWER Short 04/02/2010 3.3000
BLBLIMITED Short 04/02/2010 16.0500
BLUESTINFO Short 04/02/2010 107.2500
BPL Short 04/02/2010 33.5000
BRITANNIA Short 04/02/2010 1595.9000
BROADCAST Short 04/02/2010 21.3000
BURNPUR Short 04/02/2010 13.0500
BVCL Short 04/02/2010 28.2000
CALSOFT Short 04/02/2010 46.2000
CAMBRIDGE Short 04/02/2010 83.5000
CEATLTD Short 04/02/2010 135.8000
CENTENKA Short 04/02/2010 262.8500
CHOLADBS Short 04/02/2010 62.9500
CLASSIC Short 04/02/2010 21.5500
CLUTCHAUTO Short 04/02/2010 61.8500
CNX 100 Short 04/02/2010 4797.8501
CNX IT Short 04/02/2010 5565.9502
CNX Midcap Short 04/02/2010 7237.1499
CNX Nifty Junior Short 04/02/2010 10059.3496
CREATIVEYE Short 04/02/2010 7.7500
CTE Short 04/02/2010 24.4500
CYBERTECH Short 04/02/2010 17.6500
DATAMATICS Short 04/02/2010 36.8000
DCB Short 04/02/2010 34.8500
DCHL Short 04/02/2010 149.6000
DCMSRMCONS Short 04/02/2010 56.9500
DEEPAKFERT Short 04/02/2010 107.6500
DELTACORP Short 04/02/2010 40.6000
DENABANK Short 04/02/2010 78.0500
DICIND Short 04/02/2010 195.5500
DLINKINDIA Short 04/02/2010 28.9500
EDUCOMP Short 04/02/2010 685.7500
ELECTCAST Short 04/02/2010 46.6000
EMCO Short 04/02/2010 95.3000
ENTEGRA Short 04/02/2010 40.0500
ERAINFRA Short 04/02/2010 202.0500
ESSAROIL Short 04/02/2010 138.8500
ESSARSHIP Short 04/02/2010 72.8500
ETC Short 04/02/2010 208.2000
EVERESTIND Short 04/02/2010 154.8000
EVINIX Short 04/02/2010 4.2000
EXIDEIND Short 04/02/2010 112.8500
FAGBEARING Short 04/02/2010 566.5000
FEDDERLOYD Short 04/02/2010 79.4500
FEDERALBNK Short 04/02/2010 253.6000
FIEMIND Short 04/02/2010 99.5500
FKONCO Short 04/02/2010 112.6000
FMGOETZE Short 04/02/2010 154.6500
FSL Short 04/02/2010 31.0500
GABRIEL Short 04/02/2010 35.0000
GARWOFFS Short 04/02/2010 199.9000
GATI Short 04/02/2010 56.0500
GDL Short 04/02/2010 130.0000
GEOMETRIC Short 04/02/2010 60.6000
GHCL Short 04/02/2010 45.7000
GIPCL Short 04/02/2010 107.1000
GITANJALI Short 04/02/2010 117.0500
GLENMARK Short 04/02/2010 257.7500
GMBREW Short 04/02/2010 78.0000
GMDCLTD Short 04/02/2010 146.4500
GODFRYPHLP Short 04/02/2010 1924.4500
GODREJPROP Short 04/02/2010 478.5000
GPIL Short 04/02/2010 216.6000
GRASIM Short 04/02/2010 2635.1499
GSPL Short 04/02/2010 90.7000
GSSAMERICA Short 04/02/2010 304.3500
GTOFFSHORE Short 04/02/2010 415.4500
GUFICBIO Short 04/02/2010 7.3500
GUJAPOLLO Short 04/02/2010 195.4500
GUJSIDHCEM Short 04/02/2010 16.1500
GULFOILCOR Short 04/02/2010 92.7500
GWALCHEM Short 04/02/2010 92.5000
HARRMALAYA Short 04/02/2010 117.8500
HCC Short 04/02/2010 132.1500
HCIL Short 04/02/2010 399.9000
HCLTECH Short 04/02/2010 337.1500
HDFCBANK Short 04/02/2010 1616.7500
HDIL Short 04/02/2010 325.9500
HELIOSMATH Short 04/02/2010 48.8000
HERCULES Short 04/02/2010 220.3500
HEROHONDA Short 04/02/2010 1600.4500
HGSL Short 04/02/2010 455.9000
HINDALCO Short 04/02/2010 146.1500
IBPOW Short 04/02/2010 32.5000
IBSEC Short 04/02/2010 30.6500
IDBI Short 04/02/2010 117.2500
IFBAGRO Short 04/02/2010 83.6500
IFCI Short 04/02/2010 49.6500
INDIACEM Short 04/02/2010 116.8000
INDIANCARD Short 04/02/2010 166.3500
INDOWIND Short 04/02/2010 47.1500
INDRAMEDCO Short 04/02/2010 43.4500
INDSWFTLTD Short 04/02/2010 32.0000
INGERRAND Short 04/02/2010 337.5500
INGVYSYABK Short 04/02/2010 248.7500
INSECTICID Short 04/02/2010 91.9000
ISMTLTD Short 04/02/2010 54.0000
ISPATIND Short 04/02/2010 19.5000
IVRCLINFRA Short 04/02/2010 316.8500
JAYBARMARU Short 04/02/2010 68.4500
JAYNECOIND Short 04/02/2010 29.9000
JINDALSWHL Short 04/02/2010 1766.2000
JKPAPER Short 04/02/2010 46.7500
JMCPROJECT Short 04/02/2010 158.5500
JSWSTEEL Short 04/02/2010 1022.9500
JUBILANT Short 04/02/2010 326.4500
JYOTISTRUC Short 04/02/2010 165.4000
KCP Short 04/02/2010 300.7000
KEI Short 04/02/2010 35.1500
KOHINOOR Short 04/02/2010 56.1000
KPIT Short 04/02/2010 113.2000
KSBPUMPS Short 04/02/2010 408.2000
KSOILS Short 04/02/2010 72.2500
LAKPRE Short 04/02/2010 41.8500
LGBROS Short 04/02/2010 23.3000
LICHSGFIN Short 04/02/2010 768.8000
LLOYDELENG Short 04/02/2010 58.2000
LML Short 04/02/2010 10.4500
LOKESHMACH Short 04/02/2010 48.0500
M&M Short 04/02/2010 1017.0000
MADHUCON Short 04/02/2010 162.3000
MADRASCEM Short 04/02/2010 108.3500
MAGNUM Short 04/02/2010 9.1000
MANALIPETC Short 04/02/2010 11.1000
MANGLMCEM Short 04/02/2010 155.1500
MANUGRAPH Short 04/02/2010 54.4000
MAYTASINFR Short 04/02/2010 163.4000
MBECL Short 04/02/2010 238.5000
MERCK Short 04/02/2010 591.9000
MHRIL Short 04/02/2010 420.2500
MICROTECH Short 04/02/2010 183.6500
MID-DAY Short 04/02/2010 22.3000
MIRCELECTR Short 04/02/2010 16.9000
MIRZAINT Short 04/02/2010 15.5000
MOSERBAER Short 04/02/2010 76.5000
MOTILALOFS Short 04/02/2010 168.8500
MPSLTD Short 04/02/2010 60.2000
MRPL Short 04/02/2010 78.4000
MUKANDLTD Short 04/02/2010 58.4000
MUNJALSHOW Short 04/02/2010 49.2500
MYSOREBANK Short 04/02/2010 696.0000
NAGARFERT Short 04/02/2010 34.1500
NAGREEKEXP Short 04/02/2010 21.2000
NECLIFE Short 04/02/2010 34.7000
NEOCURE Short 04/02/2010 5.4500
NESCO Short 04/02/2010 1148.4500
NICCO Short 04/02/2010 5.9500
Nifty Midcap 50 Short 04/02/2010 2543.8000
NIITLTD Short 04/02/2010 70.0000
NILKAMAL Short 04/02/2010 236.6500
NIRMA Short 04/02/2010 194.2500
NITCO Short 04/02/2010 48.6500
NITINFIRE Short 04/02/2010 328.1000
NOIDATOLL Short 04/02/2010 36.4500
OMAXE Short 04/02/2010 95.5500
ONGC Short 04/02/2010 1139.6000
ONWARDTEC Short 04/02/2010 21.1000
ORIENTPPR Short 04/02/2010 46.3500
PAGEIND Short 04/02/2010 827.8500
PARSVNATH Short 04/02/2010 124.9500
PATINTLOG Short 04/02/2010 34.7000
PATNI Short 04/02/2010 459.7000
PATSPINLTD Short 04/02/2010 10.0500
PEARLPOLY Short 04/02/2010 12.4500
PITTILAM Short 04/02/2010 35.7000
PNBGILTS Short 04/02/2010 27.7000
PNC Short 04/02/2010 31.4500
POCHIRAJU Short 04/02/2010 21.1500
POLARIS Short 04/02/2010 160.3500
PPAP Short 04/02/2010 76.0500
PRATIBHA Short 04/02/2010 326.3500
PRECWIRE Short 04/02/2010 81.8000
PREMIER Short 04/02/2010 150.0000
PRETAILDVR Short 04/02/2010 244.2500
PRIMESECU Short 04/02/2010 36.3500
PROVOGUE Short 04/02/2010 58.4500
PSL Short 04/02/2010 150.6000
PSTL Short 04/02/2010 18.6500
PUNJLLOYD Short 04/02/2010 182.5500
RADICO Short 04/02/2010 113.4500
RAINCOM Short 04/02/2010 205.5000
RAJOIL Short 04/02/2010 69.3500
RAJTV Short 04/02/2010 57.5000
RAMCOSYS Short 04/02/2010 96.9000
RAMSARUP Short 04/02/2010 76.5500
RBL Short 04/02/2010 110.0000
RELINFRA Short 04/02/2010 1037.1000
RELMEDIA Short 04/02/2010 230.9500
RNRL Short 04/02/2010 64.4500
RPGCABLES Short 04/02/2010 27.1500
RSWM Short 04/02/2010 100.1000
RSYSTEMS Short 04/02/2010 95.4500
RUCHISOYA Short 04/02/2010 86.8500
S&P CNX 500 Short 04/02/2010 4139.7002
S&P CNX Defty Short 04/02/2010 3631.5000
S&P CNX Nifty Short 04/02/2010 4845.3501
SABTN Short 04/02/2010 30.0500
SAGCEM Short 04/02/2010 176.2000
SALSTEEL Short 04/02/2010 12.5500
SAMTEL Short 04/02/2010 20.0000
SANGHIIND Short 04/02/2010 30.2500
SANGHVIMOV Short 04/02/2010 223.2000
SARDAEN Short 04/02/2010 214.3000
SAREGAMA Short 04/02/2010 70.2000
SELAN Short 04/02/2010 395.1000
SELMCL Short 04/02/2010 91.2500
SESAGOA Short 04/02/2010 360.4500
SHANTIGEAR Short 04/02/2010 39.9500
SHOPERSTOP Short 04/02/2010 334.7500
SHREECEM Short 04/02/2010 1951.2500
SHREYANIND Short 04/02/2010 25.2500
SIL Short 04/02/2010 24.1500
SILINV Short 04/02/2010 95.0000
SIMPLEX Short 04/02/2010 220.3500
SITASHREE Short 04/02/2010 9.3000
SMSPHARMA Short 04/02/2010 159.2000
SRGINFOTEC Short 04/02/2010 0.9000
STOREONE Short 04/02/2010 35.6000
SUNILHITEC Short 04/02/2010 210.5500
SUPREMEINF Short 04/02/2010 179.1500
SURAJDIAMN Short 04/02/2010 47.8500
SWARAJENG Short 04/02/2010 307.3000
SYNDIBANK Short 04/02/2010 83.2000
TAINWALCHM Short 04/02/2010 17.2000
TAKE Short 04/02/2010 31.0500
TATACHEM Short 04/02/2010 298.3000
TATACOFFEE Short 04/02/2010 354.2500
TATAELXSI Short 04/02/2010 273.0500
TATAMETALI Short 04/02/2010 138.5500
TATASPONGE Short 04/02/2010 355.5500
TATASTEEL Short 04/02/2010 577.7000
TATATEA Short 04/02/2010 939.0500
TECHNOELEC Short 04/02/2010 215.4000
TEXMACOLTD Short 04/02/2010 145.9500
TINPLATE Short 04/02/2010 80.1500
TNPETRO Short 04/02/2010 20.0000
TODAYS Short 04/02/2010 23.6500
TORNTPOWER Short 04/02/2010 295.3500
TRICOM Short 04/02/2010 16.7500
TRIL Short 04/02/2010 401.1500
TTKPRESTIG Short 04/02/2010 434.4500
TV-18 Short 04/02/2010 76.2000
UBENGG Short 04/02/2010 125.8500
UBHOLDINGS Short 04/02/2010 255.2500
UFLEX Short 04/02/2010 98.4500
USHAMART Short 04/02/2010 81.6000
UTVSOF Short 04/02/2010 502.2000
VALUEIND Short 04/02/2010 20.1500
VENUSREM Short 04/02/2010 236.9000
VINDHYATEL Short 04/02/2010 198.8000
VISAKAIND Short 04/02/2010 127.3500
VOLTAS Short 04/02/2010 159.6000
WEBELSOLAR Short 04/02/2010 138.2500
WELGUJ Short 04/02/2010 258.8000
WELSPUNIND Short 04/02/2010 77.4000
WILLAMAGOR Short 04/02/2010 61.4000
WOCKPHARMA Short 04/02/2010 166.7000
WWIL Short 04/02/2010 18.2000
ZENSARTECH Short 04/02/2010 296.5500
ZODJRDMKJ Short 04/02/2010 24.3500
ZYLOG Short 04/02/2010 330.5500
Friday, January 29, 2010
crucial few days ahead.
Nifty plunged from 5310 to 4756..in a matter of few days,after i warned of a MAJOR TOP...
a bounce back from extreme short term oversold zone was inevitable.
we have seen, three sharp falls, since budget..after all such efforts from the bears, the markets recovered very smartly..to reach new highs.
the last one is fourth one.more importantly ,this one came only a month before the full year budget and seemingly improved economy.
looking at charts, and looking the way how important trendlines got broken ,this time...i feel it will be very difficult for bulls this time.
since nifty has fallen from 5310---4756 today..a recovery was unevitable...thats what we have seen today.i think, buy wednesday,the picture will be very much clear,weather the rally started today, is infact a lower top formation or not.
the last one is fourth one.more importantly ,this one came only a month before the full year budget and seemingly improved economy.
looking at charts, and looking the way how important trendlines got broken ,this time...i feel it will be very difficult for bulls this time.
since nifty has fallen from 5310---4756 today..a recovery was unevitable...thats what we have seen today.i think, buy wednesday,the picture will be very much clear,weather the rally started today, is infact a lower top formation or not.
AFTER previous two major sell-offs, clearly visible on weekly chart presented over here..one can identify..weekly candle reversal pattern.one was piercing line and the other was a hammer
but importantly this time around ,even after a smart recovery from lows on the last day of the week, theres no important candle pattern.
SO , for any bullish ness now onwards...we need a candle reversal pattern on weekly basis.
ONE can see, how two major indicators namely ,rsi --roc ,have warned us against IMMEDIATE bullishness. rsi was signalling strong negative divergance and roc made a topping pattern.
remeber that the roc chart was presented here..few weeks back..way before the actual confirmation of the H&S PATTERN ON IT.
ANOTHER major concern for bulls as per me is the bearish candle reversal patterns indices and most major stocks on MONTHLY charts.
which means, that any rise in the month of february, should now be considered as selling oppprtunity, for lower targets near 4536 and below.
more on sectorial study...later
Thursday, January 28, 2010
triangle break in banknifty
Bank nifty has broken out of a triangle pattern
targets....7848-----7412---------6152
reality sector is the weakest one
reality sector stocks are on the verge of breaking down from a rectangle pattern ,with sell call on sector index from my system on weekly charts, and most of them have very low targets.
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