bse friiday

Even though budget expected to be a populist one wth tax cuts and rebates, investors have little to cheer up. With a negative economic data and weak global market cue we are going to fall further. The challenges of inflation, the slowdown in the GDP etc remains as negative factors & Now our FM confirms that capital inflow diminishes. An increase in STT or something like that may fuel the fire more. End of week end ofmonth

bse thursdy

Hi friends Market is in trouble No pre buddget rally, no optimism and no more enthusiasm. A contracting triangle is a continuation model. So not to hope much up side. If cross bottom line near 17500 we may fall deep like 16457, 15332 and even more. Today if open above 17900 and trading above 18075 we still can hope better move Expecting a negative opening near 17700 Target 17685 to 18050

bse wed

Sensex is at strong resistance now . A flat opening is expected near 17675 and a break out is soon expected. Target 18075

EXPECTING A GAP UP OPENING ARROUND 17750 TARGET ABOVE 18075 BSE FACING RSI RESISTANCE Comments

Monday, February 25, 2008 10:54 AM - BSE WEEKLY SUPPORT Category: Friends LOOK AT THE WEEKLY SUPPORTS IN BSE AND WATCH THE OIL SURGE PRESSURE

Comments

monday BSE

Hi Friends UNLIKE the world market we may fall today to 17050 bcoz there is room left for a fall and the 200 dma is arround 17020 if it is not supported we will fall deep 16457 ,15332 and more. if it is trading above 17300 for an hour then we have a chance to cross 17500 and a prebudjet rally is expected up to 18000 this week Not a prediction just a probability Last week we find many false signs and finally we reached near the bottom trend line of the symmetrical triangle. It may rebound after touching the bottom line to 18 k level. But the present sentiment doesn't support this discernment. We aren't sure how it will resolve the issue.Predicting the direction of market is difficult here. who care weather it goes this way or the other. But when our money is put on bet ,then it is a real apprehension. The targets are only a probability based on recent accomplishments, global market cues, the moving patterns like channels, trnd lines so on. But what is the present events and how it will evolve when the news pull in up to the investors.My opinion the market in going to face a break down. Negative… the inflation data not in favorNegative….the GDP growth data not in favorNegative….the foretell rate cut not going to favorNegative…. the oil price hike is a concern.What we read from this now? market may fall in to a deep well. Then the investors absorband we may see a good resurrection based on a market friendly budget expectation from tuesday. The false signs last week Comments

index gold crude iff ifn and the dollar week end charts

Index charts at the week end

BSE dailt &weekly chart BSEweekly

Gold dly

Gold wkly Oil dly

OIl wkly

morgan stanley india fund daily and weekly

India fund daily and weekly And dollar daily & weekly

dollar is coming up now

$weekly

BSEfriday

Dear friends Sentiments transforms in moments. We have a negative perspective now. Bse will open negative below17600 and a close will also be in negative. We have stromg support @ 17500 and then 17265 Below this the target is 17200

brkout..in minutes chrat (looks like 5min)

what the indicator says now?

HALO FRIENDS

ALL ALONG THE DAY WE WERE TRADING LOW YESTERDAY AND THE LAST HOUR SHOWES SOME REBOUND.

THE INDEX FALL FUTHER TO MY EXPETATION.

TODAY THE MARKET WILL BE TRADING IN A RANGE

17200 - 17800

WE HAVE A SUPPORT AT 17265 AND THE TREND LINE

SUPPORT AT 17000

IT MAY TOUCH THE BOTTOM 17000SOME TIME AND A CLOSE IS EXPECTED IN GREEN ARROUND 17650

THE GOLD AND OIL GOING UP

The US market open negative yesterday on worries over cpi datas but recovered in the after noon. fed go on lowered lowerd and there in no room left now. Stocks rise after the Federal Reserve signalled a willingness to keep cutting interest rates & investors seemed to absorb unpleasant signals Oil closed above $100 for the first time Tuesday killing a stock market rally and renewing wall streets inflation concerns. Reality… while the up tick in housing starts could indicate a bottom investors can't be sure until they get further data, including figures on sales of new and existing homes due next week! Inventories remain at high levels which is worrisome. Tough lending norms, an unfavorable primary market and sub prime woes may squeeze the money flow to the domestic property market. Until the inventory issue gets addressed its going to be hard for starts to start moving higher.

Negative global cues.. Clusters of resistance.. Failure to cross tru the gap res: in a faster way… market wth a negative note will open below 18000. Below 17900 the target will be 17690.

if the market canot sustain above 18000 it will take us to 16k andd below by next week A pull back rally turns as the sentiments change… now let us hope to bring new sentiment by chidammohan..NEED TIME

BSE TODAY

BSE WILL OPEN WITH POSITIVE NOTE ABOVE 18274 TARGET 18450 After the breakout from the falling trend line the index took a pause above the downtrend line of the sym:trinagle. Supported 20 day ema. Index can go thru the resistance today, or may close the gap if the closing is above18274 Then we hvae a chance to touch the up trend channel.. as posted earlier 19552 The macd and other incators are in positive direction. BUT RSI resistance is at 50

Remember we are in a BEAR market t& this is a pullback rally only

Padiyara

DEAR FRIENDS IIF AND IFN ARE TWO MAJOR FORGIN FUND INVESTED IN INDIAN MARKET, HAVE GOT BETTER CORELATION MOST OF THE TIME. AND IF IT SHOW BULLISH SIGH THEN IT CAN RIPPLE IN DALAL STREET TOO.

PLEASE TELL ME IF THIE GRAPH LOOK LIKE A JUNK. THE MAIN BODY IS THE PRICE CHART WITH VOL, 200MA ,50MA ,21MA WITH THAT I OVER LAYED THE MACD TO MAKE THE SIZE SMALL

BSE WEEKEND VIEW

HI FRIENDS SUPPER BRK OUT FROM FALLING LINE. FORGET 17000,LOW WAS 17445 NOT EVEN 17400. NOW ANY CHARTIST MAY HOPE BSE TO MOVE UP TO 20 K IN COMING DAYS TO TOUCH THE RAISING GREEN CHANEL. BUT WE HAVE STONG GAP RES @ 18274. THAT WAS BEHIND MY 18300 EXPAECTAION. ALSO rsI HAS RES @ 50 AND STOCHA ALSO AT OVER SOLD. NOW MAKE IT CLEAR IF 18274 CROSS (AM GOING PRECISE) WE CAN HIT 19552.

DISCLAIMER, CONDITION WHAT NOT ALL APPLIED

MY PRIVOUS POST

Bernnenke couldnt useful to be act as a catalyst for the rally. and bse also may go back to 17000 if it fail to cross the faliing trend line today... oh my levl r just to say direction.. i am learning know.. like yesterday i said 18000 coz 17963 was the 61,8% fibo of preceeding fall, so not to be precise in all that...

opening will be below pviot 17623

gap support at 17265

target 17400

but who care the supports when things go wrong..

the last support is Dallal st:

HI FRIENDS

RELIANCE MAY HAVE A BREAK OUT FROM THE TREND LINE TOMORROW. TARGET 2550 & 2650L: 2360

BAJAJHIND SEEM TO BE A GOOD SHORTING SCRIP

TARGET 140 & 117

SL:255

The bounce is expected start today & one can think of exiting the remaining LONGs at arround 18000. BSE_sensex ..{weekend post inserted)

week end view

Dear Friends. Folowing are my pick for the week and the major index charts..(BPCL) BSEew Gold $ oil

BPCL Can give us a gain in this Falling market CMP: 438 Target: 454 & 478

Stop Loss 417

BSE weakend view

BSE_ew_dly BSE_ew_weekly GOLD dly Gold wkly Dollar_dly