mkt news

For Dark cloud cover sensex should have closed below 8967, cloed at 8965.

Is this 2 pts hinting some caution ?

weekly resistance 1st at 9074

previous week pattern was also not showingany strength, and could not penetrate enough to show piercing line pattern.

So is it a time to become alert ?

sensex magic numbers

6498 6642 6697 6731 6752 6765 6875 7074
7252 7341 7684 7739 7862 8328 8362 8671
8849 9336 9349 9925 9946 10268 10302 10446
10501 10590 10823 10878 10912 10933 10946 11200

since 2 weeks unable to cross magic number 9349 but already broken 8671 twice but some how managed to close above.

levels to watch 8849 and 8671 for bearish indication / exiting longs and 9349 to exit shorts.



(waval atul)

i do not know where exactly nifty opens......but as per my study nifty will open in red cutting 2700 spot level.........then case (1) sell it on some rise as shown in graf near 2700 spot level for tgt of 2620-2610 spot.................NOW case (2).......... if nifty opens flat or little green ,, then short it boldly any where after opening for tgt of 2620--2610 spot as shown in graf to make confirm intraday century again..............thx.....all the best.......kindly execute the order near the spot levels mentioned in the graf only...........if those levels doesnot comes ,,then do not trade.......w8 till those levels comes during market hours..........do not make hurry to take ur position in, intra day, that will loose ur money. follow the rules pz.............kindly note that not to trade confidentely is equall to make money(not to loose money)...........so follow the levels mentioned in the graf and do it respectively..

BUY State Bank of India Stop Loss 1030 Target 1342

BUY Zicom Security Systems Stop Loss 53 Target 98

BUY Punj Lloyd Stop Loss 130 Target 184

BUY Oswal Chemicals and Fertilisers Stop Loss 8.50 Target 18

(Ilango)

Making money in the market is buying low & selling high OR selling high & buying low in Bull & Bear markets irrespective of whether you understand the fundamentals or know what the Economy is doing.
Economic indicators lag more than a year and by then the prices would have plummeted.

I have just shown some stocks that are overdone in the Sellingside which may offer some compelling returns in the short term.

As the Nifty is trading in a range of 2600 -2830, a break above may attract serious short covering & some buying interest.Break below may witness some selling..

There are positive divergences all around and there were good volume backed buying in stocks last week and the fall from Fri high was a kind of corrective fall only.

Markets may not move up vertically like in a bull market. But they have started to rally good on every dips..So use those weaknesses(Patiently) to buy into some oversold, quality stocks for short term gains..

So many bad news., depressive indicators but markets are shrugging off all that which is a sign of bottoming (How long..we will come to that when we see a overbought readings..)

You want to be a bear...Fine, then short after a rally or when you see a overbought readings, etc..
You are a bull..then buy into falls and book out into rises till 2860 is broken on the upsides, then buy more and book out into overbought readings or euphoric rantings by the media..

Happy investing/ Trading and good hunting..

These are some sample charts picked randomly for patterns & price behaviour & +ve divergence display only. Do your own searching and take a call.I am not a stock picker..I tradeinniftyonly...