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India, Keep Rising !!

12 August 2011

Decisive downside major breakout by market 05-Aug-2011

With respect to previous blog on market in mid Jan-11 market did slide. It has taken a support at 17463 closing basis (or 17295 intraday low) in the month of Feb-11. It has moved up to 19800 in Apr-11.

Past
Trouble begin in earlier May-11 . Market has reacted almost 100% from feb-apr-11 rally. Technically this was not a good sign.


Present

Lots of dullness was seen in market subsequently. Market has given clear downside breakout in early Aug-11




Future
Market will likely have a notable fall in coming time. With the reverse stop loss at 18000, probable next support range for sensex 14500-13000 & nifty 4400-4000


Disclaimer:
Any purchase/sale of a stock involves a high degree of investment risk. Caution all investors that they may lose some or all of their investment if they decide to purchase any stock listed on this

16 January 2011

Mousam badal raha hai …. Reorientation repositioning ….unfolding mystery


Looking back ... last two years there is one way up movement in market ….. Market has reached almost all time high …. & now sliding down

Strong support

Some panic selling expected to continue & market will slide down further ….comparing with last time fall of 2009, market hold considerable good support zone between 18000 & 17500 ….will see a lots struggle (Kabhi down toh kabhi up : daily or intraday) between bulls & bears at support zone in coming few months

Extreme support

….though there are numerous strong till 15750 in case something tremendous go wrong in world….prima facie market may not below 17000…

Unfolding mystery …. In coming months

…if market makes base at support zone, next rally it will break previous all time high & will make touch 24000 & more ( premature time to comment) …. & offshore there will be good buying opportunities in support zone for medium term in coming months

Indian economy is doing good except food inflation caused by some @##%!# factors …. Global economy outcome come to know when there are some burst happens …. Over a period most of countries has printed notes in huge volumes & I think some economist need to predict down side of printing currency.

Watch very closely support zone


enjoy


Disclaimer:

Any purchase/sale of a stock involves a high degree of investment risk. Caution all investors that they may lose some or all of their investment if they decide to purchase any stock listed on this