Banking Stocks Trading Near Major Resistance

Banking Sector is Trading Near Major Resistance. If the sector

Reverses then it is good to short Banking Stocks Like ICICI

SBI, PNB, AXS for your valuable reurns. And if Any of the

Stock fall and close below 21 DAY moving Average dont forget

to short immediately

 

ICICI BANK - Rs 636 - Bearish  Engulfing Pattern  - Already Bearish Signal in the chart

21 DAY EMA - Rs 644.7

Stop Loss - 655

 

SBI BANK - Rs 1387 - Bearish  Engulfing Pattern - Short Only Below 1326 - Catious

21 DAY EMA - Rs 1326

Stop : 2% above the 21 DAY EMA

 

PNB Bank : Rs 464 - Bearish  Engulfing Pattern - Short Only Below 445 - Cautious

21 DAY EMA - RS 445

Stop : 2% above the 21 DAY EMA

 

AXIS BANK - Rs 679 -Bearish  Engulfing Pattern  - Already Bearish Signal in the chart

21 DAY EMA - RS 679.3

 

 

ICICI & Axis Bank Looks Like a Good for Shorting if Market reverses

SBI & PNB Bank may revese if nifty is turning upside. Nifty Resistance is currently at

4350

 

Happy Trading

 

 

 

 

How a Common Man Become a Stock Analyst : Might be a true Story

 

Intresting Article Somewhere from the Internet Souce.

 

1. Common man (knows nothing about market) :
Market is like gambling , i have seen so many people making money and then loosing their everything in sharemarket.

2. Common man (excited to invest some Thousands after seeing his friend/ neighbour making money in bull run ):
He wants to know where to invest to gain fast money without knowing how to invest , so he goes from person to person to take advice n gets confused more than before ....as he gets the first n best advice ie stay away from market.

3. Now he calls himself invester :
Invest some money in some shares adviced by his friend / broker , he will be happy till the date the stock is growing n gets deppresed when the stock starts some downward movement , after some loss he enters into new role trader

4. Trader (still knows nothing of market):
To cover his losses he puts some more money n starts intra day trading on tips issued by his friend / broker n hence calls himself trader. Though he gets some amount sucess in this field initially gets carried away makes more losses

5. Technical trader :
Now he starts studing mkt movements himself , but same problem again . without proper technical knowledge tries to find fast gains and gradually fails

6. Analyst :
Now he is one of the experienced people in market , newbees come to him for advice n without any hesitance n loads of confidence he starts guiding them in market , this is the best role that suits him

 

You are in Which stage ..Just Check it out.

Related Topics :

Common Investors Thought

Confusion With Nifty Direction Solved - We are Moving Down !!!

Nifty CMP : 4313

 

 

It Looks we had become bullish after the huge rally on last Wednesday (30/07/08) close.

Every Thing Looks Fine Except the Technicals.

 

I was confused and thinking about the rally and the patterns formed in nifty

 

The Problem is on Tuesday(29/07/08) we closed with weak Bearish Continuing  Island Top reversal pattern.

And a sudden upside reversal on tuesday would probably could change the sentiment among the investors

and common traders about the market.

 

But the truth fact is the pattern what we formed on Wednesday's closing is a Bearish engulfing pattern.

Its is just a Bear Trap for the traders and Investors set by the operators.

 

As per Technicals Nifty Should not fall and close below 4220 as of now which is a weak in terms of sentiment and technicals.

Always assure yourself that Reliance and  ICICI doesnt cracks below 21 day EMA. Else 4073 and 3800 is possible in near term

 

 

Regards,

Rajandran R

 

Will Reliance save the fellow Nifty?

Stock : Reliance Industires

CMP : 2147

21 Day EMA - 2135

 

Index : Nifty

CMP : 4311

21 Day EMA - 4197

 

Gods Grace till Reliance Doesnt Breaks below 21 day EMA. A stock closing and the candle well below 21 Day EMA is really bad in short term.But if the leader follows the same then it is very difficult to say who is going to take the leadership tommorow.

 

Nifty's Volatile Index ( VIX) shoots above 40 which is at a very dangerous and panic level. What we are gonna do tommorow? As per My view closing below 4200 symbols a very bad cue for the coming days. And from the weekly charts that bears are losing control and Nifty has formed a Hammer pattern as per weekly charts. And I blindly belive that markets will have to hold 4250 any way. So keep strict stop loss if you are in Delivery Positions or holding any long in derivative products. For coming week there are crucial announcements from the RBIon July 29, so we need to have a close watch on the monetary policy.
 

 

Hope Reliance Sustains anyway. Atleast Pharma,Banking, IT Stocks anyone of them Should take the lead to sustain the upward mometum in Nifty.

 

Do Remember "If the king goes down then there is no meaning of playing Chess"

                                      In simple terms "GAME OVER"

 

 

Regards,

Rajandran R

Author - MarketCalls

How Inflation affects Exchange rate in India

Its time to speak about inflation as yesterday's inflation data eases little bit from
its all time peak 11.91% to 11.89% during the week ended july 12,marginally
lower than the previous week annual rise.

There is a direct link between exchange rate and inflation. Assume
that suppose exchange rate decreases from Rs 43/dollar to 40/dollar.
Then the price of the imported product that cost $1000 cost us only Rs
40,000 rather than paying 43,000. So Rs 3000 or nearly 7.5% of your
money got saved if rupee appreciates. Very simply, rupee appreciation
will combat rising inflation.

But rupee appreciation will definately affects Indian exporters
sentiment, Because all the transactions are done via exchange rates
and done with respect to dollar basis. So it means their revenue i.e
the foreign payments made to them will sink 7.5%. But our finance
minister is definately tell you that low and stable inflation is more
important than exporters worries . So RBI has focused on the
exchange rates and has been unconcerned about the inflationary
consequences of these policies. So RBI will use exchance rate as a
tool to moderate inflation.

Also reducing crude oil factors rupee appreciation which is evident
from recent appreciation from 43.30/dollar to 41.96/dollar in days due
to sudden decline in crude oil prices. And also rising factors rising
inflation and vice versa. So crude oil is one of the dependent factor
related to inflation and exchange rates.

Regards,
Rajandran
Author - Marketcalls

Article composed and posted via my Sony Ericsson mobile phone - K550i

What Indicators Tell About Nifty

Nifty CMP : 4476

Today we can some more upside towards 4500-4567. I tbe chart, we can see strong resistance at 4550 levels and also currently nifty is in oversold zone , so profit-booking cannot be ruled out at higher levels. On the lower side, 4240 will act strong support zone.



Major Indicators

Average Directional Index ADX: 37 - (Bullish)
5 day RSI: 83 (overbought)

Intraday strategy: Buy on declines target R1-R2.


Regards,
Rajandran R

Unitech - AT&T Deal will it get through?

CMP : Rs 157

 

Unitech is one of the Great Multibagger stock in the past. Right now Little bulls are started kicking up in this counter. As AT&T, the US telecom giant, Qatar Telecom and west Asia based telecom major Etisalat are finally shortlisted as the three bidders.

 

Among the three bidders, AT&T is showing some sort of intrest to enter the Indian telecom market and it is valuving Unitech as a gateway to tap the potential in Indian Markets.AT&T has recently walked out of negotiations with Aircel Ltd,which is now owned by Malaysian telco Maxis.

AT&T is also in talks with Videocon. It shows that AT&T's strong interest to enter Indian Markets.

 

Unitech is looking to divest between 26-30 per cent in its telecom venture, which may bring in about $800 million to $1 billion valuing the telecom business at $2.5-$3 billion.

 

But getting this deal done is a heavy task as foreign telcos may find it difficult to agree to many of the terms being put forward by Unitech.Right Now the Stock is Trading at 157 looks a valuable buy at this time. If this deal got confirmed then Unitech might be a turn around story from all its worries.

 

Regards,

Rajandran R

Futures and Options Strategy in Reliance Communications

Stock : Reliance Communications

CMP : 435

Target : Atleast Rs400

Strategy : Long Above 20day EMA and short below 20 Day EMA

 

Reliance Communications is a nice counter to play in futures and options. One of the easy strategy to play in this

stock is to Go Long  Above 20day EMA and short below 20 Day EMA. Which works well if you applies to the 6 month chart of RCOM.

 

In the 6 month chart of RCOM it is clearly visible that short the stock if the candle exactly falls below 20 day EMA and go long if the candle is exactly above 20 day EMA.

 

Click the above charts to get Enlarged

In case of strong downward momentum this stock often pullbacks upto 20 day EMA. Thrice in this month alone(as shown in Red arrows in the charts)

and offering nice position to short the stock for valubale returns. So keep your stop loss just above the 20 Day EMA which comes near to Rs450. Target should be extended atleast 400. The only negative factor to be considered is

the stock is currently in oversold condition as per figures from Slow Stocastic Indicators.

 

If you are are a Intraday player then it is good to go through the strategy before taking a trade in this counter.

Right now even if the stocks opens near 440- 445 it is good to short near the days high wihout any fear. Also the

counter is looking bearish due to the MTN call off and RIL- RCOM abitration process

 

What Open Interest Tells Us

 

Instrument	Symbol	Date	Expiry	Close	No. of contracts	Turnover in lacs	Open Int	Change in OI
FUTSTK	RCOM	1-Jul-08	31-Jul-08	396.55	35278	51445.67	14575400	175000
FUTSTK	RCOM	2-Jul-08	31-Jul-08	419.25	33991	48919.65	15659700	1084300
FUTSTK	RCOM	3-Jul-08	31-Jul-08	389.8	20338	28136.76	15124900	-534800
FUTSTK	RCOM	4-Jul-08	31-Jul-08	437	28930	42511.84	14255150	-869750
FUTSTK	RCOM	7-Jul-08	31-Jul-08	420.5	25027	38336.79	14741300	486150
FUTSTK	RCOM	8-Jul-08	31-Jul-08	416.1	19044	27774.42	15180550	439250
FUTSTK	RCOM	9-Jul-08	31-Jul-08	443.25	26536	41183.26	15338400	157850
FUTSTK	RCOM	10-Jul-08	31-Jul-08	447.25	15395	23943.23	15201900	-136500
FUTSTK	RCOM	11-Jul-08	31-Jul-08	438.75	17010	26175.22	14721000	-480900
FUTSTK	RCOM	14-Jul-08	31-Jul-08	440.25	16576	25705.37	15130150	409150
FUTSTK	RCOM	15-Jul-08	31-Jul-08	406.4	16704	24276.69	15122800	-7350
FUTSTK	RCOM	16-Jul-08	31-Jul-08	401.3	19878	28100.79	15004850	-117950
FUTSTK	RCOM	17-Jul-08	31-Jul-08	419.5	17285	24983.22	14563500	-441350
FUTSTK	RCOM	18-Jul-08	31-Jul-08	436.95	19226	28834.86	14023450	-540050

 

Bearishness is observed from the open interest figures. As per General rules of Volume and Open Interest "Rising prices and a decline in open interest at a rate greater than the seasonal norm is bearish. This market condition develops because short covering and not fundamental demand is fueling the rising price trend. In these circumstances money is flowing out of the market. Consequently, when the short covering has run its course, prices will decline. "

Best to watch this counter if you want to learn some short selling stuff

 

Regards,

Rajandran R

Author - Marketcalls

Everest Kanto Cylinders : A Multibagger in Your Portfolio

Buy : Everest Kanto Cylinders

CMP : Rs 259

Target : Rs 750

Time Frame : 3 Years

 

Everest Kanto Cylinder (EKC) is a leader in the industrial and CNG cylinders manufacturing business in India. It commands an overall market share of 85% in CNG cylinder industry & is well placed to tap the growing market for environment-friendly Compressed Natural Gas (CNG) applications.

Compressed Natural Gas (CNG) offers a feasible alternative to petroleum fuels in vehicles. CNG is a source of mobile-energy, which can be easily supplied on a mass scale at affordable prices. Due to its inherent clean properties, the substitution of petrol & diesel by CNG is advantageous in not only enhancing energy security but also in cutting harmful GHG emissions.

Roughly 800,000 vehicles in Pakistan run on compressed natural gas (CNG). Each needs a specialised cylinder where the CNG is stored under high pressure. And, an Indian company — Everest Kanto Cylinders — is controlling 65 per cent of this market.The company makes CNG cylinders in India and Dubai and sells them in Malaysia, Thailand, several Gulf countries and CIS nations, besides Pakistan.

Everest Kanto's story turned out differently because its founder chairman and managing director P.K. Khurana spotted a good opportunity in South America. Here, Brazil and Argentina were using CNG as a low-cost, environment-friendly fuel for automobiles, and had approximately 10,00,000 CNG vehicles on their roads. Wondering whether CNG would catch on in India as well, Khurana sent study teams to South America and the US. Initial research convinced him that this would be a good business opportunity in India.

Leading cylinder manufacturer Everest Kanto (plans to invest Rs 1.5-1.75 billion on capacity expansion across its plants in US, Dubai and India.The company expects to clock 35% increase in volumes and 50% increase in earnings in the current fiscal. Also company`s wholly owned subsidiary in China has successfully completed the trial production phase and commercial production has been already started.

EKC is ramping up its capacity to enhance its market share and is also planning to exploit other markets such as Iran and China, where a well timed capacity expansion would drive a ~36.8% EPS CAGR over FY08-FY10E.

 

 

 

Karuturi Gloabl : Investors Stock Pick

Buy : Karuturi Global

CMP : Rs23.80

Target : Rs27 & Rs30

Time Frame : 4-6 Months

 

Karuturi Global is the world's largest producer of roses, cultivating 685 million stems per annum.It has over a decade of experience in rose cultivation with operations in Ethiopia, Kenya and India. Ramakrishna Karuturi, chairman and MDof floriculture firm Karuturi Global This business graduate from Ohio knew little about Africa and even less about rose cultivation before 1995, when, looking for roses for his wife on Valentine's Day, he found that the flowers were in short supply in Bangalore.

 

Karuturi then decided to grow roses in India, starting with a small farm in nearby Dodaballarpur.He went on to become the world's largest rose producer after acquiring Ethiopia's Sher Agencies last year for $68 million (Rs 272 crore), taking his annual production from 150 million to 685 million stems.

Karuturi now has 325 hectares under cultivation, of which 100 are in Ethiopia, 185 in Kenya and 40 in India. The output in Ethiopia has grown by 100 per cent since the acquisition, and by December 2009, Karuturi Global will have 300 hectares in the country, making it thrice as big as the second-largest rose producer.

The growth of an organised retail industry in the country is currently in a nascent stage of development and that will lead to a robust growth for cut-rose producers.The global supply-demand mismatch is considered to be positive for rose producers. Rise in per capita income and strong demand during festivals and Valentine's Day are fuelling huge flower consumption in India.

 

The Indian floriculture sector is expected to grow by 40% each year (significantly higher than the global average) and almost 85% of the demand is estimated to be from roses.All these factors are expected to catapult karuturi in the top league.The revenues are expected to clock a 38 per cent CAGR over FY08-FY10 to Rs 770 crore with operating profit CAGR of 40 per cent to Rs 280 crore and a profit after tax CAGR of 52 per cent to Rs 240 crore.At present price of 23 the company is quoting at less than 6 times its fy10 earnings.Considering the huge potential of the company,karuturi is a must have.

 

Religare Research has come ou with its earning  estimates that Karuturi Global Q1FY08 net sales are expected to go up by 358.38% at Rs 1446 million and PAT expected to go up by 327%

 

 

 

 

 

Nifty Trading Notes on 18th July,2008

Nifty is not giving any clear until 1.p.m. See the EMA setup formed after 1.P.M which tell us to long the day.Where the candle

surpasses above the 13 EMA which leads to buy signal in Nifty. Also the Nifty ends higher breaking the upisde resistance

4020 and 4080.

 

Two Simple Rules to Follow

 

1) Go Long if 3 EMA is  above 13 EMA and 13 EMA is above 34min EMA with stop loss below 34 EMA

2) Go Short if 3 EMA is below 13 EMA and 13 EMA is below 34min EMA with Stop loss above 34 EMA

 

 

So We longed and the pattern remain the same and there is no collapse in the pattern till the end of the day

So easy Profits and our profits extends till the end of the day.

Delisting in Ingersoll Rand ?

Stock : Ingersoll Rand

CMP : 368

 

If you notice this stock this stock is moving northwards despite the market sentiment.

What might be the reason behind this? Any rumor ?  Standalone results are not also

very encouraging.

 

Standalone Results for the quarter ended on 30-JUN-2008 as follows:

 

Ingersoll-Rand India April-June net down 89 pct

 

Net Profit 18.12cr vs 158.9cr

Net Sales 97.09cr vs 118.86cr

 

Rumor:

 

Earlier delisting of the Indian unit Ingersoll-Rand India Ltd., a unit of Ingersoll-Rand, have failed as investors were unwilling to part with their shares.

The company has a cash resereve of 580 cr. There is a rumor in the market that the buy back for delisting will be around rs.700. And 86th Annual General Meeting (AGM) of the members of the Company will be held on August 22, 2008.. May be related to delisitng!!!

 

 

Watch it from outside because quick profits never make you a real money.

 

 

 

 

 

 

Container Corporation of India (CCI) : Medium term Buy

Buy : Container Corporation of India (CCIL)

CMP : RS 775

Target : Rs 900

Time Frame : 2 Months

Support : 725

 

Fund Activity  : HDFC Top 200 Fund (G) added 290,451 of CCIL shares to its Fund as on 29th ,June 2008

 

 

About CCIL

 

Container Corporation is an undisputed market leader having the largest network of 57 ICDs/CFSs in India. In addition to providing inland transport by rail for containers, it has also expanded to cover management of Ports, air cargo complexes and establishing cold-chain. It has and will continue to play the role of promoting containerization of India by virtue of its modern rail wagon fleet, customer friendly commercial practices and extensively used Information Technology. The company developed multimodal logistics support for India's International and Domestic containerization and trade. Though rail is the main stay of our transportation plan, road services and also provided to cater to the need of door-to-door services, whether in the International or Domestic business.

 

Container Corporation announces Q1 results

 

Container Corporation of India Ltd has announced the following Unaudited results for the quarter ended June 30, 2008:

The Company has posted a net profit of Rs 2018.336 million for the quarter ended June 30, 2008 as compared to Rs 1870.923 million for the quarter ended June 30, 2007. Total Income has increased from Rs 8134.720 million for the quarter ended June 30, 2007 to Rs 8681.145 million for the quarter ended June 30, 2008.

Trigger Point :

 

Currently the stock is oversold and looks jittery consolidation. And any confirmed close above 800 will lead to uptrending to the next target of 900 in short term.Looks Great buy at this level

 

Recent Brokers Target

 

Karvy Stock Broking has maintained its outperformer rating on Container Corporation of India with a target price of Rs 956 in its July 18, 2008 research report. "Container Corporation of India (Concor) reported revenue growth of 6% YoY (QoQ decline of 8.9%) to Rs 8.22 billion. The revenue from EXIM business (contributed 80.76% to total revenue) increased marginally by 8.9% to Rs 6.64 billion, while domestic business declined by 4.3% to Rs 1.58 billion. The revenue was lower by 14.3% than our expectations of Rs 9.6 billion."

 

Regards,

Rajandran R

 

 

 

 

 

 

Pullback and Dropdown in Aban Offshore

Stock : Aban Offsore

CMP : Rs 2606

Target : Rs 2400

 

 

Oh July 6, i wrote a topic about pullback in Aban offshore upto the 13 day EMA.

Did a maximum target upto 2926 and touches the 13 day EMA line and then a immeditate

crack. Have a look at it. Right now the stock is in sell mode and the EMA setup is also

not looking fine. Short in every rise for your profits.

 

Regards,

Rajandran R

 

 

 

 

Intraday Swing Trading Example in Nifty

The Traders Action Zone (TAZ) is a buy and sell zone on a chart that swing traders can use to identify possible reversals in a stock.This is just simply  "area" that we look at to see if a stock that is in a strong uptrend, after pulling back to this area, will likely reverse.

 

T-30 Pattern

 

The name T-30 refers to a "tail" that slices down through the "30" period exponential moving average. This looks like a hammer candlestickpattern on the chart but it doesn't have to be a perfect hammer to be considered a T-30. Also, the color of the real body is not important. This tail on the chart flushes other traders out of the stock.

 

When you are trading any kind of tail or hammer pattern, always look for volume to be higher than the previous day. This suggests that many traders were shaken out and demand is picking up.

 

Entry Point

 

If you are able to trade during the day then buy the stock on the day of the hammer (tail) near the end of the day. i.e near 4100 is the Entry point in case of our the picture

shown above

 

Stop Loss

 

Put your stop under the low of the hammer.

 

Profit

 

Intrday Nifty profit 4160-4100 = 60pts =Rs 60x50/Lot =Rs3000/Lot

Short Wipro for 350 Target

Stock : Wipro Ltd

CMP : Rs 412

Reco : Short Sell below 400 or short near 450

Target : Rs 350

Maximum upside : 450

Support : 401

 

 

This stock is testing news lows once again and currently trading at 412. Which breaks the previous low of 414. And

this stock has support at Rs401. In case of any swing trading activity witnessed in this stock it can move upto 450 in upside

which is the 30 day EMA line. Normally swing trade occurs between 10 day SMA to 30 day EMA.

 

Its good to watch this counter and try to short near 450 levels in case of any swing trading activity or short below

400 for a target of 350.

Short Notes to Swing Trading(Trading Action Zone)
On the chart above you can also see the traders action zone which is the area in between the 10 sma and 30 ema. This is where you, as a swing trader look for reversals back to the upside when going long and reversals to the downside when shorting stocks. I've drawn arrows on the chart to show where you get buy signals and short signals to enter a stock.

 

Even if you are not participating in this counter. It is worth watchable.

 

Regards,

Rajandran R

Nifty Notes for 11th July 2008

Index : CNX  Nifty

Open : 4166

High : 4215.5

Low : 4014.45

Close : 4049

 

 

Avoid trading near Fibo level - 4214 and day high is 4215.5

If you are a clever trader, what you should do is, you do not enter either long or short at 38.2% retracement,(Though all parameters allows you to do ) but instead wait for the perfect reversal happening at 38.2% retracemnt.


And the sell signal comes after the announcement of BAD IIP no's.

Also if u notice the 200Min MA i.e 4135 act as a intraday support level.

Which was tested first and then breaks with a hard black candle. If 200 min MA
breaks then huge carnage... ie Nifty moved from 4135 to 4015.

You gained = 4135-4015 = 120pts


Total Intraday profit = 120x50= Rs 6000/Lot

 

Bartronics Short term Buy

Stock : Bartronics

CMP : Rs 159.5

Target : Rs 176

Potential Upside : 10%

 

Buy in every Down fall.

Break out in Reliance Capital from Downtrend

Stock : Reliance Capital

CMP : Rs 1128

 

As said earlier in our blog that if resistance for this stock is between 1045 and 1060 and fresh breakout will be

see if this resistance breaksout. Watch out for the show from this stock.

 

A Nifty Chart Speaks more than explaining about it

Notes for Nifty Intraday

 

Today Market opens with huge bandwidth Widening in 13,34,55 min EMA so one should

wait for the convergence of EMA and to wait for the upside or downside signal. And the Downward

signal arives at 2:50 p.m. Atleast 40 pts would be made by shorting (4060-4020 = 40pts )

 

Dont Try and trade immediate when the markets opens with huge gap up or gap down wait for

the signal to trade

 

Regards,

Rajandran R

Pullback is possible in Aban Offshore

Stock : Aban Offshore

CMP : Rs 2614

Pullback : upto 13 day EMA : Rs 3000

 

This stock is highly oversold and all the indicators are in oversold position so a

technical pullback is possible in this stock upto the 13 day EMA which is nearly at

3000.

 

Timely  Exit is necessary in this stock

 

Happy Trading !

A common Investor's Thought

 

A common Investor's Thought

 

1)3850- confirmed downtrend market will fall

2)4250- got some confidence and try investing small

3)4550- got more overconfidence with the market and try investing more

4)4250- hopes market will go up any way

5)4000- Book his/her loss and waiting for the market to get normal

6)3600- advise his/her souroundings that market may go down further.
And the cycle continues.

Reliance Capital : Will Downtend continue?

Click the Charts to get Enlarged

Stock : Reliance Capital

CMP : Rs 993

 

Stocks Maximum upside looks anywhere between 1035-1060.

Fresh Buying will be seen if this downtrend channel breaks upwards.

Till then remain cautious in this stock

 

 

Comparision - (EOD Charts Updated Daily Automaticaly)

How to take Multiple Trades in Nifty Intraday

 

The charts shown here is the Nifty Intraday chart on 4th July 2008

 

Easy Technique to follow in Intraday Nifty Trades

 

1)Buy Nifty when the Slow Stocastic blue line crosses the red line and slope upwards near oversold region (near 20)

2)Sell Nifty when the Slow Stocastic red line crosses the blue line near slope downwards oversold region (near 80)

 

 

Regards,

Rajandran R

A Stock Market Sucide Game for Investors

Note: This game is presented here to show the exact scenario of investors. Not to hurt anyone.

Regards,
Rajandran R

Three Black Crows and Red Bloods

Nifty CMP : 3896.75

 

Technicals:

 

It is witnessed from the charts that once again our market ends up with Bearish Three Black crows pattern. If you witness the nifty movement right from May,2008 then you would find that three black crows pattern occured for 4 times which might be a record history in indian stocks markets. And the maximum downside must be left at anywhere around 3500 which is the
50% of fibonnaci retracement levels from Nifty's all time peak.

 

Towards Investors:

 

Investors nowdays looks very bored in this bear market. And for me too. Talking about the Bear markets look quite bored nowdays.

So to keep it short, anywhere around 3500 is possible for some time, till then keep you patience. If you are not able to keep your patience then go for systematic investment in indian markets,say 10% of investment for the next 10 days. Accumulate your favorite stocks in a systematic manner is a more intellient manner than buying stocks in one single go.Those who fear to buy stocks in this bear markets,i like to say that " You tried buying at 6000 Nifty levels then what is the harm to try at 3600-3900 levels". Almost all the stock prices are available at dead cheap prices which you never dreamt before. And it is wise to purschase low P/E stocks available at attractice price.

 

As said by UMA " Its time to buy our India back from FII's", as the offer is valid only till STOCKS lasts.

 

 

Really It is shopping time!

 

Regards,

Rajandran R