Saturday, March 20, 2010

One good turn...Never too late..

STORY NUMBER ONE:
Many years ago, Al Capone virtually owned Chicago .. Capone wasn't famous for anything heroic. He was notorious for enmeshing the windy city in everything from bootlegged booze and prostitution to murder.
Capone had a lawyer nicknamed "Easy Eddie." He was Capone's lawyer for a good reason. Eddie was very good! In fact, Eddie's skill at legal maneuvering kept Big Al out of jail for a long time.
To show his appreciation, Capone paid him very well. Not only was the money big, but also, Eddie got special dividends. For instance, he and his family occupied a fenced-in mansion with live-in help and all of the conveniences of the day. The estate was so large that it filled an entire Chicago City block.
Eddie lived the high life of the Chicago mob and gave little consideration to the atrocity that went on around him.
Eddie did have one soft spot, however. He had a son that he loved dearly. Eddie saw to it that his young son had clothes, cars, and a good education. Nothing was withheld. Price was no object.

Friday, March 19, 2010

Nifty, stretched, may require a pause..



Nifty Intraday Update-II



Will get back after an hour.
Critic says...Buy Suzlon with SL 73 for a target of 80+ positional.

Nifty Intraday Update-I

Nifty PreMarket View.

A Heart felt thanks to "Sriganeshh" for giving me the AD data &
a sincere appreciation to "Rajagopal" for forwarding it to me.



Wednesday, March 17, 2010

Nifty at another resistance point..

Did I see some faltering at the top with an increase in volume and a close at the lower end of the range - that is not a good follow up action.
And we are counting the 5th too...So do our American brothers.
Also I found some unusual weaknesses in certain stocks. I would require "price confirmations" in the coming days.
On the other hand, Market can correct this 5-waves upto 4960 and then resume its uptrend too. Earlier one a micro view and the latter macro.
In sum., though TA parameters are intact for the uptrend, the underlying is not so..



Nifty Intraday Update-II

Nifty Intraday Update - I

Nifty PreMarket View

"Trending up within the channel"..

Happy Singhal's File is uploaded only now....

Tuesday, March 16, 2010

Nifty resumes its uptrend after 6 days of consolidation..



Nifty Intraday Update-III

"Broken out of the "5100 - 5150" range..

Nifty Intraday Update-II

Looks "All green" at 1.00PM..

Nifty Intraday Update-I


Trading below VAH @ 5137.

Happy New Year.........& PreMarket View.

A very Happy & Prosperous New Year to our dear Kannada, Telugu, Marathi & Sindhi friends..
I have added a file by Happy Singhal for "All stocks & Indices"..Link provided at top right corner of the blog.

Monday, March 15, 2010

Nifty, OB, may surprise before correcting..!

If there is any further upsides left, it should happen tomorrow. If not, the correction will become pronounced and it will head towards the channel bottom @ 5040-5050 initially or lower upto 5020.
"9-Rsi" chart indicates the impending correction towards 5020 initially. Failure to hold 5020 may drag the index down to 4960-4920-4860.
Nifty continues to close below "Day High ema" and averted the confirming "close below 5-ema". "5100-5105" area has - i) Month High ema; ii) Week High ema; iii) Day Low ema & iv) S1 of tomorrow. Most bullish Bank Nifty has confirmed a short term sell...

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

Mr.Rajagopal has updated his Nifty-50 file with weekly values and the same has been uploaded and the link given at the top right side of the blog.