SENSEX TECHNICAL VIEW:
As was mentioned that short term channel support is placed in the band of 17300-17400. Sensex made a low of 17373 and did a recovery to 17700 + by day end.
As of now the market remains ranged between 17300-17900.Continue to buy on dips and exit on rise for index.
As of now 17370/17000 remain important support in near term.
Stocks to watchout for:
Real Estate stocks took stoplosses. GMDC and Guj Alkalies still look good can keep a watch for short term moves.
Persistent needs to close above 420 to trigger a quick move.
GIC Housing and TVS Motors triggered crossoves and doing good.
IFCI seems to be trying a breakout again. Short term resistance at 60. Sustained closing above 60 could take the stock in a huge momentum move. High risk traders can buy on dips.
Alfa Laval another stock which is a potential delisting candidate is hitting new highs. Seems something cooking.Investors can have a look for small exposure.
Nahar Spinning is making interesting cup and handle on charts . Buy on close above 97 for a quick 15% gain stoploss 90.
July 1, 2010
Trade summary ( for total trades till now )
+
Functioning of a volume price trader ( VPT )
NEW POST DONE
please visit the following link
https://stock2gains.blogspot.com/2010/06/trade-summary-functioning-of-volume.html
also find a SAI baba bhajan as its a SAI vaar today
OM SAI RAM
thanks
regards
July 1, 2010
BUY MPHASIS ABV 570 TGT 580 …… tech anlaysis works whether there small tgt or big tgt i am happy frm wht i have learn frm u THANKS A LOT FIDAI SIRJI
July 1, 2010
last night i was watchin cnbc and in that many charts are like italian bond yeilds and swiss frank are breaking there mulyi year trend.i dont understand most of it but for sure if some things are breaking there long term trend on downside or upside doesnt sound good?is the situation fine or what?
July 6, 2010
Hi Deepak,
Well whole of Europe is sinking and so are all bonds, forex.Nothing to be looked into it.
July 1, 2010
GTL infra is stuck up sir . can i buy ifci call option of 60 rs july month. can ifci move like BOR?
July 6, 2010
Hi Arun,
Arent you having too high expectations from stocks or u dont have patience.
Regards,
Nooresh
July 1, 2010
hi , first of all i want to congratulate u, being an it engineer u r doing such a work. i m big fan of ur blog.
one can do this type of analysis after experience of 10 to 12 yrs. u have done a lots of work in this early age. hey guys u r genius, i really want to appriciate ur work.
July 6, 2010
Hi Nishi,
Well IT engineering did help a lot in building memory and software expertise though not realted to stocks.
The analysis i do is replicated by all our students so it does not require a lot of experience but simplicity.
Thanks for your appreciation.
Regards,
Nooresh
July 7, 2010
market
September 2, 2011
What would happen to IFCI ? Does charts indicate regarding eligibility for Banking license?