Stocks position in this downtrend.."abc" or "1,2,3,4,5."

Nifty, in the short term, highly OverSold with positive divergences. Ripe for a rally, provided the mentioned levels are scaled. Subsequent to this rally, one more fall is expected and that could be a truncated one. Trade these channels. They are quite rewarding.

These hourly charts for trading purposes only. Daily charts will be posted later for investments.
BajajHindustan with +ve div. Stock is pressed down because of Govt. policies prior to elections.

Cairn, outperforming during this last downtrend, has shown its tendency to seek higher levels. It is a proxy to Crude Oil.

Essar Oil, a punter's favourite, broke out of the channel and likely to seek higher levels.

GMR Infra, an outperformer having bottomed out in Jan.09, is consolidating. An Infrastructure play, not affected by global meltdown as it caters more to Indian Infra projects.

Hindalco, an Aluminium commodity play, is at the bottom of that commodity cycle and showing short term +ve div.

India Cement, another outperformer from the cement sector, having a narrow range to break out.

ITC, flattered to deceive with its recent moves. However, at lower levels with OS readings will offer some trading movements.

NTPC, one of the rare stocks that is trading at 60% above its Oct.08 lows, has sound fundamentals and a Power play including a possible nuclear one.

Reliance Capital, a very high beta stock, fallen heavily in this downtrend. When the tide changes will offer a quick return.

RCVL, part of Anil Ambani group & a Telecom play, provides for a high beta trade.

Reliance, a stock that can mar or make Index levels, is trending down in the channel with mild +ve div.


RNRL, another Ambani stock, quite OS with mild +ve div.
SAIL, a metal play, broke out of the channel after OS & +ve div and consolidating. It leads the index movements quite often.


Suzlon, wind energy leader, has fallen from 450 to 35, showing fatigue at the bottom.
SBI, PSU bank leader, fallen out with the mkt favour, leading this leg of the downtrend is full of shorts. Keep an eye on it when the mkt ultimately bottoms for that short covering rally.

Satyam Computer, having fallen from grace is in the middle of a search for a new owner, breaking out after +ve div. A stock for trading. Investment considerations after the new owner is in..

Tata Steel, another metal play, showing +ve div at the OS levels.

Zee, another punter's favourite, showing some +ve div.

Happy trading and all the best.