Wednesday, December 24, 2008

reliance some near term low formation [24dec]


here reliance hourly chart analysis

it seems next day some near term low formaton

then after day some upsdie cant ingore

lower level can buy partial for short term proft booking point of view only





RELIANCE.NS* RC Wave* stoplls:1,257 next day_Buy above :1,262.05next day up target>1,269>>1,282>>>1,289---------------------

RELIANCE.NS* RC Wave* stoplls :1,262 next day_Short bellow :1,257.45next day lower

target >1,250>>1,238>>>1,231

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Monday, December 22, 2008

Game of foolness by operator

(here a nice storey )
Once upon a time in a village, a man appeared
and announced to thevillagers that he would buy monkeys for Rs10.
The villagers seeing that there were many monkeys around, went out to the forest and startedcatching them.
The man bought thousands at Rs10 and as supply started to diminish, thevillagers stopped their effort.
He further announced that he would now buyat Rs20.
This renewed the efforts of the villagers and they started catchingmonkeys again.
Soon the supply diminished even further and peoplestarted going back to their farms.
The offer rate increased to Rs25 and the supply of monkeys became solittle that it was an effort to even see a monkey let alone catch it.
The man now announced that he would buy monkeys at Rs50!
However,since he had to go to the city on some business,
his assistant would nowbuy on behalf of him.
In the absence of the man, the assistant told the villagers. "Look at allthese monkeys in the big cage that the man has collected.
I will sell themto you at Rs35 and when the man returns from the city,
you can sell it tohim for Rs50.
"The villagers squeezed up with all their savings to buy the monkeys.Then they never saw the man nor his assistant, only monkeyseverywhere!!!!

Sunday, December 21, 2008

crude near term botttoming out 22-26 [DEC]

Here crude oil weekly chart
3rdown wave completed and 4th up wave progressing
it will take time to progress upward
any decline in crude is buing opertunity
Crude_Oil* RC Wave* stoplls:41 next week_Buy above :42.63next week up target>45>>49>>>52
---------------------

ABAN reversal pattern expected 22-26 [dec]


here abanloyad daily chart
symetrical triangle formation
should form reversal pattern in up direction
confirmation after crossing uper line
ABAN.NS* RC Wave* stoplls:729 next week_Buy above :744.87next week up target>771>>813>>>839
---------------------
ABAN.NS* RC Wave* stoplls :745 next week_Short bellow :728.73next week lower target >703>>660>>>634

NIFTY_F1 near on resintence area [22-226 DEC]



Here is nifty_f1 weekly chart
In last week report it as been mentioned we r progressing towards uperside 3170 area.
market behaved same manner but unexpected way upside even if global clue was week
Nifty last week high touched 3116..now mearly far away
50-60 points .from resistence zone.
Book profit from long position and wait nifty unfolding
Stock who have not particapted in rally can perform
obey level strictly
NIFTY_F1* RC Wave* stoplls:3,063 next week_Buy above :3,089.45next week up target>3,133>>3,203>>>3,247
NIFTY_F1* RC Wave* stoplls :3,089 next week_Short bellow :3,062.55next week lower target >3,019>>2,949>>>2,905

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NTPC Inner dip possibility [22-26DEC]


Here NTPC daily chart
we r progressiong towards 2-3rd up wave
inermedited time frame 185-190 is resistence zone
decline is only inner dip AB down wave then C up wave on card
NTPC.NS* RC Wave* stoplls:180 next week_Buy above :183.26next week up target>188>>196>>>201
NTPC.NS* RC Wave* stoplls :183 next week_Short bellow :180.24
next week lower target >175>>167>>>163

Nifty_f1.near on resistence area [22-26 dec]




here is nifty_f1 weekly chart

In last week report it as been mention we r progressing towards uperside 3170 area.


market behaved same manner but unexpected way upside even if global clue was week


Nifty last week high touched 3116..now mearly far away

50-60 points .from resistence zone.

Book profit from long position and wait nifty unfolding

Stock who have not particapted in rally can perform



obey level strictly


NIFTY_F1* RC Wave* stoplls:3,063 next week_Buy above :3,089.45next week up target>3,133>>3,203>>>3,247

NIFTY_F1* RC Wave* stoplls :3,089 next week_Short bellow :3,062.55next week lower target >3,019>>2,949>>>2,905