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Nifty :: Body gap up bullish candle with three gaps up bearish candle pattern. Volume is still below 15 day wma.. As per technical terms after V shape downfall, V shape rally is not possible without consolidation.. Nifty heading towards strong resistance zone from 4968 to 5053..Be careful at higher level or avoid buying at higher level...Watch one level, above 4884 momentum seems up, below 4884 momentums down..Our strategy for 10th Nov. buy ONLY in deep (S.L 4790) Sell at high (S.L 5002/5053).. Resistance for up move at 4935/4968/4973/ 5002/5020/5053..Supports at 4866/4829/4815/4790..

The momentum is strong on the dailies and when the markets are on fire like this, there is nothing stopping it. This is a classic V shaped "turn on a dime" kinda fierce pullback.

SEBI, the stock market regulator of the country, has eased rules for stock listing and earnings reports by the nation's small and medium sized companies. The companies are exempt from eligibility standards that are usually applicable to bigger firms to make the initial share sales. Small companies can now list their shares on the country's exchanges and SEBI has downplayed the idea of creating separate exchanges for them.

After a board meeting that it held today, SEBI announced that companies with a paid-up capital of upto 25 crore would be able to list on the SME platform. Also, a minimum paid up capital of 10 crore would be required for listing companies on the main boards of NSE and BSE. Also, while listing no

Further, it said companies listed on the SME platform would be exempted from the eligibility norms for initial and follow-on public offers. While norms related to Clause 49 of the listing agreement will have to be complied with, SMEs have been exempted from quarterly preparation and presentation of financial results to keep their compliance costs low. Instead, accounts will have to be prepared and presented on a half-yearly basis.

SEBI has also made it mandatory for all companies listed on the stock exchanges to disclose audited financial results within 45 days after the end of a quarter. The regulator has also reduced the time limit for the release of audited annual results to 60 days after the end of the financial year from the current 90 days period.

SEBI has also made changed to the book building method, where in it would allos an auction based book building method for share sales that would let investors bid at any level above the pre set minimum price and the shares to be allotted at different prices.

The regulator announced that it has completed a financial review for the 47 out of the 51 companies that are traded on the BSE and NSE. It has declared that it found nothing that causes concerns in the review. It is notable that the review was undertaken after Satyam came under investigation this year for financial irregularities.

 

NIFTY 5 DAY 15 MIN: NIFTY FUT HAS AGAIN MADE BULLISH HARAMI AT 4796 AFTER THAT IT MADE DAY HIGH 4909

WHAT IS BULLISH HARAMI:

Source : investopedia

What Does Bullish Harami Mean?
A candlestick chart pattern in which a large candlestick is followed by a smaller candlestick whose body is located within the vertical range of the larger body. In terms of candlestick colors, the bullish harami is a downtrend of negative-colored (black) candlesticks engulfing a small positive (white) candlestick, giving a sign of a reversal of the downward trend.

Investopedia explains Bullish Harami
Because the bullish harami indicates that the falling trend (bearish trend) may be reversing, it signals that it's a good time to enter into a long position. The smaller the second (white) candlestick, the more likely the reversal. 

 

Also happened as per time analysis posted here : - NIFTY TIME ANALYSIS CHART 

Now, what next is the question?

4860 IS STOP PROFIT NOW AND RIDE UNTIL U R STOP PROFIT WILL HIT 

50 EMA {4829.45}& 20 EMA {4866.74}CROSSED ON ONE DAY ITSELF
NOW, WHO WILL SAVE BEAR CAMP FOR THEIR SHORTING
@ 4538 LEVELS? ,LET US SEE

Let us see what will happen for bears who shorted @ 4538 level?

Make fun of them for their wrong predictions and wrong idea of shorting @ that level 

Watch to cross of 4938 which is 61.8% retracement , i am sure tomorrow will break that too, let us see

after that what next?be ready for 5177 is my answer as told here : - NIFTY HOURLY TRIANGLE 

 

 

Nooresh Merani)

Sensex Technical View :

Sensex turned around superbly from our zone of 15300-15500 by making a low of 15330 which is BANG ON !!!

Index is up 1200 odd points since the low which is at least a clean 1000 point move up for readers who used our advice to buy in the range of 15.3-15.5k.

Also at the same time we had mentioned to increase cash at 17k which was advised to re-deploy at 15.9k - 15.3k !!!

EXCERPTS from POST - VIDEO ANALYSIS suggesting 15300-15500 should hold.

Investors were advised to book profits and generate cash above 16500 and 17200 should now look to redeploy cash slowly below 15900 to 15500 zone.

Sensex may now face resistance at 16660 which is 61% of the current downmove. Although i would expect significant resistance to come in around 16850 mark from where the indices gave a short term breakdown.

So investors who bought in dips should take part of the profits at 16650-16850 and be ready to re-enter on dips to 16k or lower or if it crosses 17200 on closing basis.

Review :

Going through the feedback ( not able to read through thoroughly ) i noticed that some readers have asked for stock specific reviews or more. Its very difficult to give a review on all stocks discussed as i do have to take care of the ADVISoRY SERVICE for clients and lot more of our professional interests through Analyse India.

I would request if any of the readers could volunteer to do the same and make a weekly review or consolidation of the posts which could help other readers.

Bank Of India book profits , Hold on to EIH ltd. Ranbaxy trail to 400. PTC stop 107.

(Nooresh Merani)