Monthly Archives: September 2010

NEW PENSION SCHEME

By | September 30, 2010 3:05 pm

Everyone needs to save some money as pension after retirement. If there is a facility for them to get the pension from their office, they are lucky. Otherwise many people depend on provident fund or the pension plans from some companies. Last year government introduced the new pension scheme for everyone which is administered by… Read More »

Breakout Stocks:JM Financial and MIC Electronics

By | September 27, 2010 1:53 pm

MIC Electronics MIC Electronics broke out of the one year of consolidation. Today’s volume in NSE was 3 Million shares as against last 10 days average volume of 442,000 Today’s close is above 200 DMA and the breakout is with volumes exceeding 6 times of average volume. Buy for Tgt of 43.3,46.7 and 49.4 JM… Read More »

Nifty and Bank Nifty Weekly Technical View

By | September 26, 2010 3:31 pm

Nifty Daily Chart Nifty Daily Charts are displayed below showing the power of money dumped by FII.Its a stellar rally which Indian brouses are seeing.Valuation are moving towards bubble territory as NIfty P/E is at 25.11. FII inflow in September 2010, totaled Rs 17,499.43 crore (till 23 September 2010). FIIs had bought equities worth Rs… Read More »

Technical Analysis on Crompton Greaves,Jupiter Bio and Tata Global

By | September 23, 2010 4:35 pm

Crompton Greaves Crompton is trading in a parallel channel as shown on chart. Taking support at lower trendline and taking resistance at upper trendline. Such stock become easy to trade as we can see where they will take support and where they will stall there upmove.MACD is showing positive divergence on Daily Charts. Buy above… Read More »

Nifty Weekly Technical View

By | September 19, 2010 2:36 am

Nifty Monthly Chart Nifty marched nonstop from 5,640 to 5,900 and as can be seen from monthly chart it has seen a fresh  breakout on monthly charts.Its a blowout rally which is flaring out.Uptrend is expected to continue and volatility may be the order of the day for some more time and hence the investors… Read More »