Tuesday, September 29, 2009
Friday, September 25, 2009
Thursday, September 24, 2009
Wednesday, September 23, 2009
Target for nifty 5014 was achieved..there are still some higher levels which can be achieved, for the current rally like 5175 and 5330..the rally has got very good momentum too,a fall from here around, may and should give another buying opportunity for the short term..but NOW as the upper targets like 5300-5600 are getting CONSENSUS view..i think a correction is due.
there is a very steep trendline..and a SMALL RISING WEDGE..ON sensex chart..if the support line is broken ,which is very likely..we should enter a deep correction atleast.
Wednesday, September 16, 2009
Monday, September 14, 2009
Thursday, September 10, 2009
Tuesday, September 8, 2009
Thursday, September 3, 2009
A COMBINATION of one set of indicators,,,,in indices and in major stocks like, hdfc,bhel,reliance,axis,icici..clearly suggests that..even if markets are in a distribution phase right now,,we should see a bounce back on the upside from tomorrow.or max by monday..and that too should come without much damaging prices.
ON the other hand, i have a unique trading system,,which is generating strong buy calls in some midcap stocks..so instead of a large distribution phase, we are perhaps witnessing only a SHIFT OF BUYING. all in all buying seems tobe intact,in genral.
FIRST condition is a close above 4655..if thats met,we are in for a LARGER RALLY on the up.
Wednesday, September 2, 2009
our level 4648 was broken for a while on monday,,but was recovered before closing.
since our markets are still not able to get momentum on the upmove,,yesterdays initial rise wasnt able to cross fridays highs,,,resulting finally to breach 4648..yesterday decisively.
A very strong support zone is around 4550..and than at 4504..in my opinion,as theres is no bearish momentum either...NIFTY MUST NOT BREACH 4439......IF 4439 IS BROKEN ON THE CLOSING BASIS...IT WILL NOT BE A GOOD SIGN FOR BULLS.