MOVING AVG CROSS OVER_whipsaw

The moving avarages give a whipsaw.

view with VIX

if 2650 (61.8% level)supported we can see 3240 again

and even 3500. below 2650 we may retest the bottom again

BSE

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BSE AND SOME KEY CHARTS

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Hi Friends

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MOVING AVG CROSS OVER

Hi friends, This is a moving avg chart and as it shows in the Chart it took cross over in high close and low above Avg as it has done in the past few occasions, and about to cross the 10 dma resistance now which was a major res: in the bear rally. In the candle chart we hv res: near 3050 and 3200.Another major resistance at the falling TL near 3334. This pull back can take us to the max is that level. Do not mistaken this rally as an impulse move, since we have to go a long way. One thing if we reach 3334 level it will be another opportunity to go short. Earlier I use to mention this as “exit level”, but now there is no point in exiting at near bottom of market, albeit we have to go a long way but be neurotic long for at least for another five years to see a new peak. Let the consolidation take place. Let the market bottom out. Patiently wait for the market to cool after the retest of the bottoms. And then look for happy news to pour in from all economic statistics world around. I feel thing are changed a lot about timing now, since the communication is so hasty and the deals are so hassle free. Only thing the money flow should be there. See the preceding impulse in five years it reached to 6357, where as in the past it was so gloomy. So from where the money can flow in. From home we again need time to generate money. Our forex is less by $16 bn. By time we remain weak the FIIs will come back with a supplementary gain they can make in the currency trade is expected, to loot again.

why india viks?

see the price movemt after vix was at top and price movement after bottoms which you think is the greatest fall in the world? nayagra in US? the Angel? no.......... ......... .. ther is a new one in jappan

my view on sensex_target 6800

this was posted in group forums on26/10/2008.couldnt upload here due to net service problem. find ind dificultty in uploading picture here...with out a chart

the communication about stocks/ markets is very weak. The next rally is in the offing by Monday 2nd half or Tuesday and it may lead us to some where near 11000 and then 15000. One can calculate a 61.8% of the fall from 21217 maximum target & here investors must come out again for a sure fall to next level 6800 Channel height of the preceding correction = 6150.69- 2595.69 = 3555 Bull run from the channel TOP = 6150.69 + (3555x 4.238) = 21216.69 Sensex rallied up to 21206.77 Now let us see the time factor. The sensex started trading in 1979 and it took 15 years for first bull run ended in1994 It required 15 x 1.27 = 19.05 years minimum for the correction to be over. So far we have corrected 14 years – up to 2003, 9years plus another 5 year for a bear rally up to 2008. We needd another 5 more years minimum for the correction to be over, and next bull can start only after 2013 hence we may see a new high in sensex only after 2013 plus aprrox:5 year (same as we rallied in 2003 to 2008). So no worry the traders…. the market players have more than 12600 points (21207- 8600) to play for coming 4 /5 years. And we may see pull back rallies in the meanwhile.

MY VIEW ON NIFTY_FOR 10 OCT

A PULL BACK CAN BE EXPECTED FROM THIS LEVEL FOR A TARGET 3850 TO 4140 Contrarian view: If the bottom trend line on RSI drawn rightly, connecting the 2 pervious bottom, The RSI is having a breakout in downward direction. Also the price channel too have a down ward breakout .and horizontal RSI supp at 24 ie:2 point below the current level. taking the above in account if NIFTY trade below 3500 (yesterdays intraday support) it may further fall (1000 points channel height). But that can't happen all of a sudden in an oversold market. The west is still falling though I am expecting a small pull back up to Monday at least. Let us watch & see tomorrow.

good MA indicators

call/put nifty as on 9/9/08

BINDALAGRO

BINDAL AGRO is near the resistance of a falling trend line. RSI has got a positive divergence. Even though a negative sentiment prevailing in the market, the stock is hovering for a break out Technically &looks Good above 31.5 for a target: 42 in a month.

CMP: 30.75 TARGET: 42 STOP:28

dlf

rpl_per request

To be honest , I am a leaner and not an expert in analyzing market or individual scrips, and my views have a 50/50 chance to become true , hence always take your own decision for trading, specially your holdings . since you have question here is my view. It looks like a failure of break out from a flag And another break out from a small ascending triangle to down wards Which can bring down the stock to 140 level soon

DISHTV & ASIEAN ELEC:

The stock has a break out on considerable volume The 14 RSI is bullish with a positive dive: and the price may lead to higher levels. CMP: 37.50 TARGET:62 STOP LOSS:32

asieanelec is poised for a break out preferably on up side

INDIA VIX

VOLTAS & MARUTI ,ALSO LOOK AT THE INDIA VIX

jpassociat

suzlon

Suzlon is a good buy at current level 196 Prices are turning from the bottom trend line An oversold pull back is awaiting in most of the stocks Target: 262 in one month Stoploss:174

BSE_wed

Yesday it trade Exactly opposite to the previous day which shows selling pressure while yesterday it shows some buying interestToday’s range will be between 13300_13850

BSE_tue (delayed post)

THIS PULL BACK MAY TAKE US TO 15160 that is approx: 50 % of the 2nd corrective A leg TOWARDS THAT LEVEVL WE HAVE MANY STRONG RESISTANCE AT 13731 & 14500 TODAYS RANGE WILL BE BETWEEN 13660_13120 MY FIRST TARGET FOR THIS FALL WAS 15300, 2ND WAS 14200 3RD IS 12100 AND THIS REMAIN INACTIVE UTILL IT PROVED

BSE_today

halo friends

UGLY BEAR

IFCI

BSE.wkly- broad view

BSE_mon

Sensex may remain in positive range. Today’s levels: 15260_ 15300_ 15370 Above that market will be bullish for short term and may go to15420 support1: 15135 support2: 14750 below that market will be weak

ghcl

BSE_fri

Market reveals buoyancy from yesterdays bottom is a good sign for short term. If 15314 break sensex cab go to 15600 or even 16k Support at 15000 Todays level: 15250_15300_15k

BSE_thu

15314 remain a strong res: & it seems difficult for sensex to cross that level soon. Today too is having a bearish view. Today’s level 15000_14850_14600

BSE_wed

Sensex is trading in a channel since may 30 and currently having res:near 15300 and sup:near 14500 the bounce in the afternoon session yesday may take sesex to 15000. Or even 15300, but the present scenario are not supporting any positive view. Todays levels:14950_ 14770_14650 below that 14500

BSE_tue

Sensex may go further down Todays levels: 14850_ 14775_14675 A bounce can be expected from 14677 level first target 14677 (and 14200 remain inactive)

sgx_NF_falling

Imminent fall could be more fatal and hasty than excepted

BSE_mon

A break away opening near 15400 is likely Todays levels: 15400 _15325 _15250 Immediate support is at 15300 and another near 14950 RES: 15625 Wekly chart Sensex is near a crucial support 89week ema Any closing below 15300 can take the index to 14200 first and even deep