Month: August 2008

SEL Manufacturing bounced from its support at 265 levels today and closed at 310 levels According to RSI stock is in Oversold position and partial entry can be taken care in the range of 250-265 levels only for long term with a room for averaging around 200 odd levels which is very rare chance. Now … Read more

LITL is in a down trend has broken the Triangle breakdown. It’s Unable to move above its 50 EMA of 350 where its facing strong resistance.If market are positive in coming days accept a bounce from 285 levels in today or tomorrow trade Good Buying oppurtunity emerges at 235 odd levels.But for trading perspective and … Read more

Buy exccepted in Suzlon Energy once it crosses 246. Triangle breakout on cards.Buy only above 246

Trend line Broken for SEL Which it was respecting for almost 1 year. The fall has been huge and backed by volumes. This stock is now in serious Bear grip.

A close look at chart indicates Buying is excepted if stock starts trading above 84.50

Buying excepted if it trade above 306 for a tgt of 309 and 317 sl293

Economic growth Index of Industrial Production for June 2008 fell to 5.4% as against 8.9% in June 2007. But month-on-month, the growth has bettered from 4.1% recorded in May 2008.Manufacturing sector was the main gravitational pull, the main culprit pulling down the IIP growth. Manufacturing which accounts for two-thirds of the IIP fell down dramatically … Read more

Nifty have formed Zig zag pattern on weekly charts This pattern started at the end of bull cycle making top at 6357 on jan 08 after completing 1st downwave at 4448 , the retracement wave was completed on 02 may at 5299 . The next major wave started from 5299 larger than jan fall till … Read more

India Cement call not initiated.If people have shorted that should have made good money.Day’s High was 165.50 just rs 1 below the call and end result closed at 156.5. Guys go short if the call is not initiated on Buy side. Rel infra was down 0.5% only closed at 1095. Keep on booking profits 4300 … Read more

Buying excepted once it breaks/Trades above 166.50 Also Keep an eye on Hindalco charts attached in previous posts Lot of accumulation going in this.once it breaks /trades above 146 it can show 160 in short term.