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The present wave patterns are:
fast amplitude (8%): bullish wave 3
moderate amplitude (13%): bullish wave 1
normal amplitude (21%): bearish wave 2
slow amplitude (34%): is undefined!
S&P CNX NIFTY is long term Bearish as the 144 days moving average of 4,681.58 is decreasing. The Relative Strength Index is at 52.60 in the neutral territory. The Relative Momentum Index is at 62.43 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 119.07, in positive
territory; this is a bullish sign. An equally important indicator, the STORSI is at 25.66. This value is in the oversold territory.
Weekly Pivot Point Resistance and Support
The first weekly resistance level is at 4,642.63 while the second resistance level at 4,755.77. The firstweekly support level is at 4,389.63 while the second support level is at 4,249.77.
Additional information not directly related to Elliott's methodology
Today projected High: 4,480.25, the projected Low:4,371.70. The top 21-day Bollinger band is at:4,735.73 while the bottom 21-day Bollinger band is at: 4,065.23.
SUMMRY –
THE ENTIRE RALLY IS 860 POINTS FROM 16TH JULY LOW OF 3790 TILL 12 AUG HIGH OF 4650, THEN VARIOUS FIBONNACY RETRACEMENTS OF 38.2%, 50% & 61.8% WILL FIND NIFTY AT VARIOUS SUPPORT LEVELS OF 4321, 4220 & 4065 RESPECTIVELY (AS GIVEN IN THE CHART BELOW) .
20 DAYS MOVING AVERAGE AROUND 4395
50 DAYS MOVING AVERAGE AROUND 4300 LEVELS
IN ANY CASE A CLOSE BELOW 4363 AND THEN BELOW 4159 WILL SPELL DISASTER FOR NIFTY.
ON THE UPPER SIDE EXPECT NIFTY TO FIND RESISTANCE AROUND 4487 THEN 4545 AND FINALLY AROUND 4577, BREACH OF WHICH CAN PROPEL NIFTY TO TO RESUME THE RELIEF RALLY TOWARDS 4722 OR HIGHER LEVELS.
JGS Investments is a home of expert stockmarket analysts, and premier source for technical analysts research and information on Indian Stock Markets.Just join us at Yahoo Messenger sheth_jg@yahoo.com OR Email at sheth_jg@yahoo.com
Monday, August 18, 2008
Thursday, August 14, 2008
LOOK AT THIS
Here are some Mutual fund houses links to take help to see their Portfolios, NAV, and Scheme etc.
http://www.birlasunlife.com/BirlaSunLife/Mutual_Fund/BSLAMC_MP/AMCMPindex.aspx
http://www.dspmlmutualfund.com/downloads/downloads.asp
https://www.fidelity.co.in/downloads/index.html#Fidelity_Equity_Fund_Fact_Sheet
http://www.franklintempletonindia.com/Ge eralAccess/Mfs/Mutual_fund_scheme.asp
http://www.hdfcfund.com/Downloads/OtherDownload_Table.aspx?ReportID=EA6C5846-A006-41AB-BF4C-8BCFC4F91F90
http://www.hsbcinvestments.co.in/site/downloads/factsheets
http://www.icicipruamc.com/asp/amc/downloadable/main.asp
http://www.ingim.co.in/fact_sheet.htm
http://www.jmfinancialmf.com/downloads/dnld_factsheet.aspx
http://www.mutualfundsindia.com/
http://www.optimixnet.com/Investor/invest.htm
https://www.principalindia.com/General/FactSheets.aspx
http://www.reliancemutu l.com/Downloads/Content.aspx?ReportID=c9b020e8-4a37-44b5-98ec-c012bc2741f2
http://www.sbimf.com/downloads_factsheets.asp
http://www.sundarambnpparibas.in/home.php?cmd=downloads
http://www.tatamutualfund.com/buying-our-funds/overview.asp
http://www.utimf.com/customer_services/tools/applicationkim.aspx
Thanks, enjoy.
http://www.birlasunlife.com/BirlaSunLife/Mutual_Fund/BSLAMC_MP/AMCMPindex.aspx
http://www.dspmlmutualfund.com/downloads/downloads.asp
https://www.fidelity.co.in/downloads/index.html#Fidelity_Equity_Fund_Fact_Sheet
http://www.franklintempletonindia.com/Ge eralAccess/Mfs/Mutual_fund_scheme.asp
http://www.hdfcfund.com/Downloads/OtherDownload_Table.aspx?ReportID=EA6C5846-A006-41AB-BF4C-8BCFC4F91F90
http://www.hsbcinvestments.co.in/site/downloads/factsheets
http://www.icicipruamc.com/asp/amc/downloadable/main.asp
http://www.ingim.co.in/fact_sheet.htm
http://www.jmfinancialmf.com/downloads/dnld_factsheet.aspx
http://www.mutualfundsindia.com/
http://www.optimixnet.com/Investor/invest.htm
https://www.principalindia.com/General/FactSheets.aspx
http://www.reliancemutu l.com/Downloads/Content.aspx?ReportID=c9b020e8-4a37-44b5-98ec-c012bc2741f2
http://www.sbimf.com/downloads_factsheets.asp
http://www.sundarambnpparibas.in/home.php?cmd=downloads
http://www.tatamutualfund.com/buying-our-funds/overview.asp
http://www.utimf.com/customer_services/tools/applicationkim.aspx
Thanks, enjoy.
IT stock in Action
Market may extend fall as Sebi takes no decision on PNs
Nifty (4529) Sup 4480 Res 4595
The much-hyped SEBI Board meeting could disappoint the bulls due to lack of announcement on the P-Note issue, though the regulator has made it easier to raise money
Buy Satyam (406) SL 401
Target 416, 419
Polaris Buy around 102 TO 102.50 WITH Sl of 98.30 for a Target of 108.50 to 110
Nifty (4529) Sup 4480 Res 4595
The much-hyped SEBI Board meeting could disappoint the bulls due to lack of announcement on the P-Note issue, though the regulator has made it easier to raise money
Buy Satyam (406) SL 401
Target 416, 419
Polaris Buy around 102 TO 102.50 WITH Sl of 98.30 for a Target of 108.50 to 110
Wednesday, August 13, 2008
We will see 4490 nifty
Yesterday Afternoon already mention regarding gap down open for today
Among the stocks to watch, expect the airline stocks build on their gains as oil continues to fall. Banks might be under pressure reflecting the negative sentiment in financials on Wall Street
selling in cement stocks
Our ICICI BANK,NIFTY,AXIS, all stbt
TRENT LTD BSE Code : 500251 (545.85)
Buy around 545 to 548 with Sl of 520 for a Target of 575 , 590.
Anil Ambani-promoted Reliance Natural Resources (RNRL) on Tuesday demanded Rs 50,000 crore from Mukesh Ambani-owned Reliance Industries (RIL) to scrap the so-called gas sale master agreement (GSMA) signed between the two companies
Among the stocks to watch, expect the airline stocks build on their gains as oil continues to fall. Banks might be under pressure reflecting the negative sentiment in financials on Wall Street
selling in cement stocks
Our ICICI BANK,NIFTY,AXIS, all stbt
TRENT LTD BSE Code : 500251 (545.85)
Buy around 545 to 548 with Sl of 520 for a Target of 575 , 590.
Anil Ambani-promoted Reliance Natural Resources (RNRL) on Tuesday demanded Rs 50,000 crore from Mukesh Ambani-owned Reliance Industries (RIL) to scrap the so-called gas sale master agreement (GSMA) signed between the two companies
Tuesday, August 12, 2008
THINK N TRADE
Nifty (4620) Sup 4550 Res 4655
Buy Rel Cap (1442) SL 1420
Target 1480, 1490
Buy : RELINFRA in F&O above 1075 target 1135 s/l of 1050
Government will release the industrial production numbers for the month of June. According to most estimates, the data is expected to be better than expected. In May the IIP growth touched a six-year low of 3.8%. For June, expectations are of a 5-6% growth rate as against 8.9% in the same month last year. A good monsoon may help shore up demand for manufactured goods, though rising interest rates are a cause for worry.
Given the mixed set of global cues, we expect a cautious to a slightly positive opening. The trend may turn sideways ahead of the IIP data. The bulls are likely to extend their shopping spree if the numbers are indeed encouraging. On the flip side, a negative surprise may spook the sentiment. Although the trend will largely remain positive, we do not rule out some cooling after the recent spurt.
Buy Rel Cap (1442) SL 1420
Target 1480, 1490
Buy : RELINFRA in F&O above 1075 target 1135 s/l of 1050
Government will release the industrial production numbers for the month of June. According to most estimates, the data is expected to be better than expected. In May the IIP growth touched a six-year low of 3.8%. For June, expectations are of a 5-6% growth rate as against 8.9% in the same month last year. A good monsoon may help shore up demand for manufactured goods, though rising interest rates are a cause for worry.
Given the mixed set of global cues, we expect a cautious to a slightly positive opening. The trend may turn sideways ahead of the IIP data. The bulls are likely to extend their shopping spree if the numbers are indeed encouraging. On the flip side, a negative surprise may spook the sentiment. Although the trend will largely remain positive, we do not rule out some cooling after the recent spurt.
Monday, August 11, 2008
We expect atleast a gain of 300 points on the Sensex
LAST WEEK IS ENDED WITH POSITIVE NOTE.
BUT, THESE POSITIVENESS COMES FROM WORLD MARKET (DOW) AND CRUDE, CRUDE FALLEN 20%.
BASICALLY, I M NOT BEARISH IN OUR MARKET… BUT STRONGLY FEELS – IF A CORRECTION COMES
THEN WE SEE SOLID BULL RALLY AHEAD… WHICH TOOKS NIFTY @ 4802, 4957, 5080 AND 5180
NOTE NIFTY 4747 ARE OUR 200 SDMA – AND NIFTY BEYOND 200 SDMA MEANS – MARKET
HEALTHIER!!
MONDAY MARKET OPEN HUGE GAP UP AND CROSS PREVIOUS RECENT HIGH 4615 (APPROX 4630 -
4645), THEN A CORRECTION CAN TAKE PLACE.. (IT’S AN OPPORTUNITY TO OPERATORS THAT THEY
SELL WHEN ALL ARE BUYING)
NIFTY LOWER SUPPORTS ARE – 4480 / 4440 / 4385
ON 13TH SEBI SEATS WITH P-NOTE ISSUE, ON 22ND – US-INDIA BUSINESS COUNCIL (USIBC) SEATS
FOR US CONGRESSIONAL APPROVAL FOR THE INDIA-US CIVIL NUCLEAR DEAL.
THESE TWO EVENTS – DECIDE OUR MARKETS STRONG FUTURE !! BEFORE THAT MARKET NEED
SHARP CORRECTION - COZ ALL INDICATORS ARE OVER HEATED.
SHORTS –
BIOCON AT STOPS LOSS OF 385.60 TGT 369.80 CMP 380.40
ACC LTD STOPS LOSS 639 TGT595 CMP 629.40
CANRA BANK STOPS LOSS 218 TGT 194 CMP 215.95
HCL TECH STOPS LOSS 229 TGT 210 & 200 CMP 225.25
IDBI STOPS LOSS 94.50 TGT 83 CMP 92.70
JET AIRWAYS STOPS LOSS 484 TGT 468 / 448 CMP 479.20
LUPIN – STOPS LOSS 735 TGT 700 CMP 728
BUY –
ALL POWER SHARES, RELAITED TO NUC DEAL.
TISCO – WITH SL 636 TGT 685 CMP 645
TATA POWER CMP 1068 SL 1030 TGT 1120
HARRISAN MALLYALAM
PTC
SELAN EXPLORATION
BUT, THESE POSITIVENESS COMES FROM WORLD MARKET (DOW) AND CRUDE, CRUDE FALLEN 20%.
BASICALLY, I M NOT BEARISH IN OUR MARKET… BUT STRONGLY FEELS – IF A CORRECTION COMES
THEN WE SEE SOLID BULL RALLY AHEAD… WHICH TOOKS NIFTY @ 4802, 4957, 5080 AND 5180
NOTE NIFTY 4747 ARE OUR 200 SDMA – AND NIFTY BEYOND 200 SDMA MEANS – MARKET
HEALTHIER!!
MONDAY MARKET OPEN HUGE GAP UP AND CROSS PREVIOUS RECENT HIGH 4615 (APPROX 4630 -
4645), THEN A CORRECTION CAN TAKE PLACE.. (IT’S AN OPPORTUNITY TO OPERATORS THAT THEY
SELL WHEN ALL ARE BUYING)
NIFTY LOWER SUPPORTS ARE – 4480 / 4440 / 4385
ON 13TH SEBI SEATS WITH P-NOTE ISSUE, ON 22ND – US-INDIA BUSINESS COUNCIL (USIBC) SEATS
FOR US CONGRESSIONAL APPROVAL FOR THE INDIA-US CIVIL NUCLEAR DEAL.
THESE TWO EVENTS – DECIDE OUR MARKETS STRONG FUTURE !! BEFORE THAT MARKET NEED
SHARP CORRECTION - COZ ALL INDICATORS ARE OVER HEATED.
SHORTS –
BIOCON AT STOPS LOSS OF 385.60 TGT 369.80 CMP 380.40
ACC LTD STOPS LOSS 639 TGT595 CMP 629.40
CANRA BANK STOPS LOSS 218 TGT 194 CMP 215.95
HCL TECH STOPS LOSS 229 TGT 210 & 200 CMP 225.25
IDBI STOPS LOSS 94.50 TGT 83 CMP 92.70
JET AIRWAYS STOPS LOSS 484 TGT 468 / 448 CMP 479.20
LUPIN – STOPS LOSS 735 TGT 700 CMP 728
BUY –
ALL POWER SHARES, RELAITED TO NUC DEAL.
TISCO – WITH SL 636 TGT 685 CMP 645
TATA POWER CMP 1068 SL 1030 TGT 1120
HARRISAN MALLYALAM
PTC
SELAN EXPLORATION
Friday, August 8, 2008
8 August Super Duper Rocking Performance
Sell Nifty Fut @ 4540 sl 4558 crashed down to 4471
Buy ICICIBANK @ 691 spurted up to 744
Buy AXIXBANK @ 718 spurted up to 740
Buy NOIDA TOLLS @ 41 hit upper Freeze AT 45.1
Sell Nifty Fut 4520 crashed down to 4490 and turned back all advised to carry as STBT
YOUR ALL ARE ADVISED TO BUY BANKING STOCK ,CLEARLY WRITTEN THAT BANK SECTOR WILL BLAST AND HAPPED AS PER OUR EXPECTATION ALL SHORTER ARE TRAPPED VERY BADLY
Buy ICICIBANK @ 691 spurted up to 744
Buy AXIXBANK @ 718 spurted up to 740
Buy NOIDA TOLLS @ 41 hit upper Freeze AT 45.1
Sell Nifty Fut 4520 crashed down to 4490 and turned back all advised to carry as STBT
YOUR ALL ARE ADVISED TO BUY BANKING STOCK ,CLEARLY WRITTEN THAT BANK SECTOR WILL BLAST AND HAPPED AS PER OUR EXPECTATION ALL SHORTER ARE TRAPPED VERY BADLY
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