COX&KINGS - upmove continue...
COX&KINGS - (friday close 425) - expect 20 % to 30 % rise from here one to three days time frame. stop below 415 & 398. (logic behind the expectation - two funds picked up the large qty. so expect a firework)
Posts
NIFTY - nothing changes!
NIFTY - Earlier posted opinion (please refer 01 Dec.09 posting) still continue. the same target and the same stop. If Nothing changes, Nothing changes !
JSPL - ready for a big move
JINDALSTEL - future as long as stay above 730 no worry for the uptrend (so stop below 730) targeting 823 and stay above this level then may touch 873 (may be this f&o settement itself). For Monday intra-day may touch 755-765. But above 770 ......... This is the 13th month of continues rise so expect a spike.
ORCHIDCHEM & RANBAXY - downtrend starts... ?
ORCHIDCHEM Future - Trade below 212 weak. stop @ 216 & 219 RANBAXY Future - Weak below 502 and stop @ 508 & 512
NIFTY - MACRO VIEW GOAL
NIFTY - Unable to close below 4900, so now it is marching or inching towards our goal. ie. 5320-33 & 5467 or even more 5535. but still the trailing stop @ below 4900 closing basis. (now anybody can understand why i always emphasis, close is important. because intra-day anybody or any news or views can do anything but at the end of the day, only who is powerful can determine the direction and trend. i always want to stay behind the powerful. because i want capitalize the macro trend and not the in-between micro trend)
OPEN REQUEST TO THE WORLD CAPITAL MARKET
JINDALSTEL - If any body see better than this chart in the world for the year 2008-09, please inform me. Just i want to see it. Continues Higher High and Higher Low for the last Twelve months (Dec-08 to Nov.09). I hope this is the only one in the world. Still high is yet to form. Marching towards 1033 .
NIFTY - Target
NIFTY - now may attack our TARGET ie. 5320 & 5467 (now trailing stop @ below 4900 closing basis)
NIFTY - ALERT
NIFTY - So yesterday unable to close above 4960. Two continues close require to reach the upper target. It is time to alert . (see 08 Nov.09 posting titled NIFTY - pull back time)
NIFTY - BULLS ARE BACK
NIFTY - Today closed above 4960, If tomorrow also close above this level, then upside target may be 5320 & 5467
NIFTY - PULLBACK TIME
NIFTY - Unable to close below 4646 three days in a row and now taking support at 4600-4650 zone.(i am not going to change the above numbers so it is valid as long as nifty is not breaking the recent high) so natural pull back is going on as expected. It may go upto 4830 and above 4960. Two close above 4960 only downtrend reversal possible otherwise it is only a stong pull back.
NIFTY - FOLLOW ON
NIFTY - so now it is moving on expected line. To avoid the FOLLOW ON it should take support 4650-4600 zone otherwise free fall may continue and trying to take support 4300+, 4100+ or 3600+.
NIFTY - ALERT (10th OCT. 09 opinion repeat)
Please refer 10 oct.09 opinion (only changes are nifty numbers). NIFTY - Now it closed below 5000 so 6 months uptrend trendline (first wave of this mega bull trend ) was broken and confirm the major correction. It may be 20 % to 30 % fall from the top of 5182 (20 Oct. 2009). Major confirmation will come, once it close three days in row or weekly close below 4646 . so it is time to act.
POSITIONAL BREAKOUT STOCKS WITH TARGET
STOCKS NAME - BREAKOUT PRICE * - TARGET PRICE ( Target price is valid as long as above the breakout price) ASIANPAINT - 1334 - 1968 AUROPHARMA - 825 - 1549 BAJAJELEC - 750 - 1367 BANKBARODA - 501 - 832 BERGEPAINT - 69 - 113 BPCL - 575 - 908 CADILAHC - 412 -624 CANFINHOME - 94 - 150 CENTRALBK - 152 - 243 CIPLA - 304 - 463 COROMNFERT - 200 -326 CRISIL - 4270 - 6700 DABUR - 134 - 207 DHANBANK - 164 -290 DOLPHINOFF 387 - 670 DRREDDY - 889 -1283 EMAMILTD - 388-596 EXIDEIND - 91 -147 FORTIS - 123 -200 GAIL - 371 -575 GLAXO - 1554 -2404 GLODYNE - 350 -617 GRUH - 227 -374 GUJRATGAS - 195 -305 INFOSYSTCH - 2415 - 3790 IPCALAB - 795 - 1305 IRB - 222 -380 ITC - 240 -347 JAYSREETEA - 221 -382 JINDALSTEL - 560 -1033 JISLJALEQS - 767 -1307 JKIL - 132 - 228 M&M - 1001 -1765 MARICO - 85- 123 MARUTI - 1250 - 2063 MCLEODRUSS - 160 -285 NBVENTURES -352 -613 ORIENTABRA - 20.50 -34.65 PAGEIND - 558 -860 PIRHEALTH - 389 -614 PNB - 720 -1154 RENUKA - 167 -307 RUCHINFRA - 56 -104 SABERORGAN - 33.50 -57 SE...
NIFTY - ALERT
NIFTY - If trade and CLOSE below 4900 (until then no problem) then 6 months uptrend trendline (first wave of this mega bull trend ) going to break and confirm the major correction. It may be 20 % to 30 % fall from the top of 5111 (01 Oct. 2009). Major confirmation comes once it close below 4575. so BE ALERT .
NIFTY - follow-up 10 sep.09 view
NIFTY - stop revised from 4610 closing basis to 4780 closing basis.
NIFTY - my other view
NIFTY - If close above 4689 three days in a row (now already closed three days in a row) then upside target may be 5467 and stop for this breakout is 4610 on closing basis.
NIFTY - CAUTION
NIFTY - Resistance around 4700 zones. But above 4750 may attack 5012. Caution : we are in last leg of this rally which was started at 2500 levels. May be another 300 or 400 points rally possible but whenever the peak attained we may expect 20% to 30% fall from the top. It is my opinion, and my opinion only.
NIFTY
NIFTY - As expected it made double top around 4650-4700 zone. Now 4465-4420 is the support zone. If Break and close below 4420 then may expect 4260-4220. In upside once again resistance around 4700 levels and above 4750 may attack the MAJOR AND MAJOR resistance of 5012.
NIFTY may be Double Top
NIFTY - may form lower top or double top as per the trendline. so BE ALERT @ 4650-4700 zone. If trade above 4700 comfortably then stop may be below 4650 and target may be 4900 - 5050 zone.
Next move of NIFTY
NIFTY - Fall arrested and reversed from the support zone of between 4000-3800. Now marching towards 4550-4600 zone
BEYOND
NIFTY - moved beyond imagination (somewhat irrational) now may be attack 4650 or 4800 Any way the gap is going to fillup any time .
NIFTY
NIFTY - This month resistance 3500 ( refer opinion dated 03 Apr.09). Now, If it trade above 3500 comfortably then may expect 3650-3700 this month itself.
NIFTY DOWNTREND OVER
NIFTY - At last now we know the base for this downtrend which was started on Jan.2008. hereafter we may see one rally. ( before that, correction may or may not come even upto 3000+ or 2900+) which may going to fizzled out in between 3650+ minimum or 4100+ optimum. (Note : The above opinion is based on price movement. In future, if any thing happen worst for the economy or country, my opinion may change.)
TOP OUT or BREAK OUT ?
NIFTY - may be top out anywhere between 3100-3250. If it trade above 3250, it will be the signal for breakout . After the breakout it may come down even upto 3000+ but it will be only correction. Upside may expect 3650-3850 But if it unable to break and trade above 3250 then we may expect once again 2500 + Be ready for either way possibility. TOP OUT or BREAK OUT ?
OPEN MINDED OPINION for NIFTY
If NIFTY will not break and trade comfortably below 2500 before June 2009 , we may come to a conclusion that the bottom was already over in Oct.2008 itself. (it may be more confirmed, If it break and trade above 3250). i hope that i am the first person to say so. It may be wrong but my opinion is opinion.
NIFTY
NIFTY - No change in the existing Orbit of 2500-3250 (very long sideways moments still continue.....) So it took support at 2500+ and now again try to attack in higherside 2800 and 2900
NIFTY for the month of MARCH 2009
NIFTY resistance 2800 If it break and close the resist , then target in upside 2900 and 3100. If unable to break the resistance downside we may expect 2600 and 2500. And below 2500 FREE FALL ..... .. ...
