Here is what my friend sent.Very Interesting, this implies a correction to 4950-5000 levels and then a final move up to 5350-54...
Tuesday, 30 March 2010
Monday, 29 March 2010
Saturday, 27 March 2010
2 years back, we had done a statistical exercise to see how markets traditionally behave during the Jan to April period. We had come up with certain astonishing facts.I have updated the last 2 years and have found out that the things remain the same.Please have a look here:http://nav-files.googlegroups.com/web/febaprv1.0.pdf?gsc=477cWQsAAADZUqpn3M-PPs3SiaA3KRUtThis means that either in April, or May June we will get a buying opportuni...
Saturday, 20 March 2010
It was another week of strong gains. Will the rise continue or there would be some correction before the rise continues? Lets try and analyze what could be the next moves of the Market.1. The RBI announced the a hike of 25 bps is both Repo and Reverse repo rates. Monday, this should have a negative impact on the markets. A knee jerk reaction can take place. Also, the expiry is on Thursday, with the Markets closed on Wednesday due to Ram Navami. This...
Wednesday, 17 March 2010
Co-relate these charts with what's going on currently: Chart 1 Start - Nov 3 ' 2009 (Nifty was at it's lowest - 4538)90 Degree occurs on Feb 4, 2010 (Nifty was at it's lowest on Feb 8, 2010 - 4675)180 Degree occurs on May 4, 2010 (Nifty could be at it's highest - 5450 / 5850?) Chart 2 Start - Jan 6 '2010 (Nifty was at it's highest - 5310)90 Degree occurs on April 07, 2010 (Nifty could be at it's highest - 5350 / 5400?)180 Degree occurs on July 07,...
Tuesday, 16 March 2010
Saturday, 13 March 2010
There is a big move coming in the markets this either up or down. There are several reasons why a big move would materialize. The person who gets the direction right will make big money. Lets try and analyze why a big move come.1. Periods in the markets where there is low volatility is followed by periods of high volatility and big moves. The ATR (20) which is a measure of volatility has come down to 73.Before the falls in Oct'09, Jan'10 and the...
Its is that time of the year where one plans for tax savings.PPF is one of the best schemes for tax savings and planning for retirements. The new Draft Direct Tax Code has some drastic changes from April 2011.Lets see what they are.Every year one can invest 70K in PPF Account. This gives a return of 8 pc per annum and compounding takes over. The account is initially for 15 years and then extended for 5 years at a time.Currently it is in the EEE regime. Exempt Exempt Exempt. The amount you put in gives you a tax break( the amount gets deducted from...
Thursday, 11 March 2010
Tuesday, 9 March 2010
We've had a considerable upmove over the last couple of days and I feel that the upmove may not have ended yet. We may see consolidation around the 5000 , 4900 and 4850 levels for sometime (2 - 3 weeks) before any further upmoves. Eitherway, you could choose to take a short position at 5100 (+/-20 pts) and hold those shorts till we reach the levels suggested (5020 / 4950 / 4900 / 4850 or lower - upto 4650) - Your Stop for this trade would be a few...
Saturday, 6 March 2010
It is an impressive post budget rally. The Market has moved most of the indicators has short term positive with generous help from the FIIs.Does it face any resistance on the upside or is it a smooth ride ahead?1. The 80 percent retracement of the fall from 5310-4675 comes to 5183.2. If we draw a trend lie connecting the tops from Jan'08 to the one in Jan'09 the trend-line comes to 5180 - 5200 zone. If we break this, we are likely to make new highs...
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