Thursday, February 10, 2011

POSITIVE DIVERGENCE

POSITIVE DIVERGENCE

Pattern [10-02-2011]

YESTERDAYS COMMENTS AND PERFORMANCE : 

YESTERDAYS Predicted Nifty level and Actual levels :
After GAP down Nifty makes low 5253 and the intra day rally up to 5339 [predicted EXACTLY 
5336-5349 for intra day] took the support at 5225 [Predicted Trend support for very short term is 
5242-5223 EXACTTTTTTTTTTTTTLY] and Rally up 5277 [5277-5282 intra support EXACTTTTTTTTTTTTTTLY 
act as a resistance] and closed at 5253. Wait and watch the levels tomorrow, i hope we will get 
our target 5169-5153 tomorrow or day after tomorrow.

9th Feb 2011 OHLC : open 5293, High 5339 Low 5225 Close 5253
10th Feb January 2011 [02/02/2011] - Technical View of Nifty / Nifty Technical Analysis / 
Technical view of market / Nifty chart / 
View of Market : 

Forth Coming Results BSE NSE : Asian Hotel, Bombay Dyeing, Cairn India, CESC, GSPL, India cements, 
IOC, Madras cements, Moser Baer, MRF, United Brew, Kesoram Inds, JSL Stainless

Technical View of NIFTY : 
+ve : POSITIVE DIVERGNEC in indicators [Price makes lower lows, Indicator makes higher lows].  
Negative breakout TGT 5153 almost matched with 23.6% (5161) of FIBO Cycle from 1292-6357.
Trend Line support 5202, Almost major correction in 744 points over, 100 points only lfet to reach 
destination.+ve breakout projected trend line coincide with the Support trend line at 5236-5212.

-ve : Sideways, Hold Below hourly EMA.  Closed Below good support 5399, Closed
Below 23.6% (5374) of the swing 2252-6338.  Scam news, ADAG group news and Political instability


Wednesday, February 09, 2011

NIFTY PERFORMANCE

After GAP down Nifty makes low 5253 and the intra day rally up to 5339 [predicted EXACTLY 5336-5349 for intra day]  took the support at 5225 [Predicted Trend support for very short term is 5242-5223 EXACTLY] and Rally up 5277 [5277-5282 intra support EXACTLY act as a resistance] and closed at 5253. Wait and watch the levels tomorrow, i hope we will get our target 5169-5153 tomorrow or day after tomorrow.

Fibonacci [09-02-2011]

YESTERDAYS COMMENTS AND PERFORMANCE : 

YESTERDAYS Predicted Nifty level and Actual levels :
Trend support 5344-5339 [closed below 5339]
Trend resistance 5419-5424 [5432 Actual High]
So 23.6% swing 5374 is a key for further down side. (EXACTTTTTTTTTT)

8th Feb 2011 OHLC : open 5432, High 5432 Low 5303 Close 5312

9th Feb January 2011 [02/02/2011] - Technical View of Nifty / Nifty Technical Analysis / Technical 
view of market / Nifty chart / 
View of Market : 
DJI Closed positive +71 FUTURE flat, SGX NIFTY 5397-16 - 
Asian Market - FLAT/Mixed

Forth Coming Results BSE NSE : Todys Quartely result : Vishal Exports, Edserv, JCT Electronics, 
JBF Industries, Essar Securities, CG-VAK, UB Holdings, Nirma, India securities, GMDC, 
Technical View of NIFTY : 

+ve : POSITIVE DIVERGNEC in indicators [Price makes lower lows, Indicator makes higher lows].  

-ve : Sideways, Hold Below hourly EMA.  Closed Below good support 5399, Closed
Below 23.6% (5374) of the swing 2252-6338.



Tuesday, February 08, 2011

BSE NAME CHANGE




Sr.
No
Existing Name
New Name
Scrip Code
Scrip ID for BOLT System
Abbreviated name on BOLT System
1.
Sai Wires India Limited
Croitre Industries Limited
531648
CROITRE
CROITRE

                                                                      

Positive Divergence [08-02-2011]

YESTERDAYS COMMENTS AND PERFORMANCE : 

YESTERDAYS Predicted Nifty level and Actual levels :
Trade support 5353-5365[5376 Actual low]
Trend resistance 5463-5449 [5440 Actual High]
7th Feb 2011 OHLC : open 5430, High 5440 Low 5376 Close 5396

8th Feb January 2011 [02/02/2011] - Technical View of Nifty / Nifty Technical Analysis / Technical 
view of market / Nifty chart / 
View of Market : 
DJI -Closed positive +69, FUTURE flat, SGX NIFTY 5397-10 - 
Asian Market - FLAT/+ve

Forth Coming Results BSE NSE : Todys Quartely result : Adani Power, Ansal Property, BEML, Finloex 
Cables, Mangalore ref, Mreck, Mukta Arts, Patni Computer, Pidility Inds, Power Grid, PTC India, 
RAJ oil. 

Technical View of NIFTY : 

+ve : POSITIVE DIVERGNEC in indicators [Price makes lower lows, Indicator makes higher lows].  
Exactly Nifty has taken the support at previous positive breakout neck line and retracement level 
5399. Honour the 61.8% (5374) of Total retracement 4786-6338. So possible for some bounce back 
from here. The 5400 Put option has witnessed higher Open interest of nearly one crore shares., 
indicating it to be a strong support in the near term,  So 23.6% swing 5374 is a key for further 
down side. 

-ve : Sideways, Hold Below hourly EMA and 


Forth Coming RESULTS



20 Microns
ADANI POWER
Aftek
Ahlcon Par
Alufluoride
Alumeco India
Amal
Ansal Prop
Apis India
Ashnoor Tex
Asian Oilfield
Astrazeneca Phar
B Nanji Ent
BAG Films
BEML
Birla Shloka
Blue Circle
C&C Const
Carnation Inds
Company
Centum Elect
Chandra Prabhu
Chartered Cap
CHISEL
Cosmo Ferrites
Cubex Tubings
Deccan Poly
Dynamic Port
Elder Health
Elpro Intl
EVERONN
Finolex Cables
Galada Power
Gayatri Bioorganics
Global Capital
Gokul Refoils
Hanung Toys
Henkel India
Hikal
Company
Himalaya Gran
Hinduja Glob
IMP Powers
Indo Bonito
Indokem
Interlink Petro
Intl Hous Fin
IOL Chemicals
Jeet Machine
JHS Svendgaard
Jindal Hotels
JMD Telefilms
Kanpur Plast
Koutons Retl
Landmarc Leis
Madhusudan Inds
Mangalore Ref
Melstar Info
Merck
Company
Monnet Ispat
Mukta Arts
Multibase India
Nissan Copper
Patni Computer
PG Inds
Pidilite Inds
Power Grid Corp
Prakash Steelage
Priya
PTC India
RAJ OIL
Rajdhani Leas
Roopa Inds
Sanmitra Comm
Scooters India
Sea TV Network
Shree Digvijay
South Asian Entr
Company
Splash Media
Subway Finance
Sundaram Multi Pap
Super Bakers
Texmaco
Texplast Inds
Tuni Textile
Ultramarine
Unisys Soft
Vadilal Dairy
VASCON ENG
Venkat Pharma
Warner Multi
Wheels India
White Hall Com

Monday, February 07, 2011


YESTERDAYS PERFORAMANCE


TRADING RESISTANCE 5569-5555 [EXACTTTTTTTTTTT High 5556]
Expect first half -ve, second half +ve [Wrong]


07/02/2011 - TDL Levels
Trade support 5365-5353 Resistance 5399-5407
Trend support 5324-5319 Resistance 5449-5463