India the den for the Scamsters

This writer had been constantly updating the reader of the Informed Investor that Indian markets are in a Bear trap and the Nifty could test 5700 levels. So here are we. Nifty close below 5700 mark.

Last weeks article (In the chart we can clearly see that the Nifty closed below it trendline which was drawn since quite a long time and its 23.6% retracement levels. Nifty below 5800 will come down to 5705 with immediate support. On the upside Nifty will continue to face resistance at resistance at 6020. Last week the MACD had given the sell signal with RSI trending downwards. Sensex immediate support will be at 19445. This week Nifty closed below its 50DMA.)

Last weeks call

Sell Adani below 736 SL of 744, tgt 706. Tgt achieved made a low of 698.

Sell Bob below 936 tgt 923 – 911 SL 945. Tgt achieved made a low of 836.

Sell Biocon below 392 SL 397 tgt 380. Tgt achieved made a low of 360.

Sell Hdfc bank below 2292 tgt 2255 SL 2314. Made a low of 2276.

Sell Lic housing SL of 1308 tgt 1263. Tgt achieved made a low of 931.

Sell Hindalco below 210 tgt 195 SL 214. Tgt achieved made a low of 194.

Sell Icici bank below 1140. tgt 1100. Tgt achieved made a low of 1091.

Sell Mnm Tgt 735. SL of 759. Tgt achieved made a low of 734.

Sell Ril below 980 Tgt 960. Tgt achieved made a low of 958.

It seems that in the near India will also need Austerity measures. The way the Indian BABU’s are laundering the money it seems that India will surely be on SALE after few years. India has been hit with series of Scam in the last few months. From CWG to LIC housing scam. Adarsh case or land scam in AP. Even the Panwallas in Ahmedabad are involved in scam. Lic loan scam is nearly Rs.1600Cr and name nearly 21 real estate companies involvement.

The amount which the Indian government are raising by selling stake in the govt holding companies are just going in the pockets of the Big B’s, I mean to Big Babu’s. The way the govt is raising money and the FII pouring money in our Economy is amazingly high. But the trust on which the money is coming may be losing out. LIC housing is one of the script high is in high demand in some of the FII’s. But the mutli-dollar scam could really effect. Lic which is one of the very sound companies in India seems to have been in questioning by the CBI.

It seems that 26/11 as a date is not good for the Indians or specially the Mumbaikar’s. Few Years back the attack on Mumbai and the crash in the Indian markets seems to have affected whole of India. On the last day of the week Nifty tanked below 5700 levels. North Korean fired dozens of artillery at one of the South Korean island. In return South Korean too fired back. Global markets tanked on the news of the war between the two countries. Sensex tanked nearly 600 points on that day.

Rupee slipped down to 45.85/$ to the lowest since mid Sep. FII for the weak remained Net seller to the tune of nearly Rs3KCr. On the other hand DII bought stocks worth Rs.2KCr.

As mentioned in my earlier article also the Indian markets are in the Bearish trend and Nifty will fall till 5800 mark and close below the same will take the Nifty to 5700 levels. Yes Here we are… Nifty on the last day of the week made an Intraday low of 5690 but recovered sharply to close at 5752 down by 47 points, Sensex closed at 19136 down 181 points.

This week Korean war, Loan Scam everything affected the Indian markets. Due to the effect Sensex & Nifty slipped 2.5% in a week. Smallcap and the Midcap Index tanked 5-7%. Real Estate was the Major index which closed down 14%. Metals cooled off with 6.5% loss. Cap goods tanked 5.5%. Oil and Gas were down by 4%. After the banking personal names taken in the Bribery case, the Bank Index cooled off 3.4%.

Lic Housing after the Loan Scam tanked 28% in the week. Some of the real estate names which were in focus due to the Loan scam and the Money matters scam faced the heat and dropped down heavily on their knees. Hcc & Orbit corp closed down 29%. Hdil 22%, Ibreal 21%, Jp ass 12.5%, DLF 6%. IIFL which had taken out a buy report on the Money matter just few days before the scam came in notice saw a sharp fall in its market cap and the stock price collapsed nearly 25%. Some of the other stocks which crashed during the weeks tradin session are Suzlon13%, Sesagoa 9%, Sterlite 8.5%, Rcap 8%, Sail 6.8%, Lnt 5.5%, Sbi 4.5%, Renuka 16%. Coreproject crashed 40% in the intraday trade but recovered almost full in the post lunch session.

As mentioned in my articles that the Nifty had taken support at the 23.6% retracement levels and the trendline. Fall below the same will take the Nifty to 5700 levels. Nifty made a low nearly at 38.20% retracement levels. Close below the same and the Long term trendline will take the nifty to its new low at 50% retracement level that comes nearly at 5490 levels. Nifty closed below its 100DMA. And the RSI is nearing its oversold zone.

5700 is supposed to be a very crucial level for the Nifty. It is that point from where the Nifty had fallen down on 21^st Jan 08. The open and low on that day was 5700 and 4977 and the close was 5208.80. Nifty for the 2^nd consecutive close below the 5700 may be really bad for the Indian equity markets. Nifty may continue to fall it 5490 levels. That’s nearly its 50% retracement levels that can be seen in the chart.

This Weeks call

Sell Bajaj Auto below 1611 SL of 1616 tgt 1600-1587.

Buy Boi above 429 SL 418 tgt 440-446-452.

Buy BEL above 1725 SL 1715 tgt 1747-1755.

Buy Drreddy above 1794 SL 1785.

Sell Hdfc bank below 2290 SL 2300 tgt 2276-2254.

Even with the strong global cues, Indian markets tanked in the late hours on the F&O expiry date. Nifty slipped 66 points to close down marginally below its crucial support level of 5800 levels. nifty closed down at 5799. Sensex in the late tanked nearly 140 points to give a close of 19318. Lic housing scam have really shaken the trust of the locals and even the Foreign investors. Yesterday the stock tanked nearly 18% and today opened week. As mentioned in my earlier article also the close below the trendline will take the NIfty to 5700 levels, but there is still good support at 5800 levels. Nifty will find minor support at 5760-5760 levels thats where the 100DMA comes.

On monday when the markets pulled up, most of the traders thought that its the end of the bear market, but this writer pointed out that the markets are still in the controls of the Bears and the Nifty can touch 5800 levels. SO HERE ARE WE...... below 5800 mark.

Sell AxisBank below 1336 tgt 1307 SL 1343.

Sell CanaraBank below 674 SL 683 tgt 666- 661 -655.

Korean Tremor

Indian markets felt the Korean Tremours. Today North Korean fired dozens of artillery at one of the South Korean Island. In return of South Korean also fired. After after some hours the battle between the Korean settled, but till that it had done major blast in the Equity markets. It felt that the Koreans had fired our Bse and Nse exchange too. Sensex tumbled down nearly 600 points to make a low of 19342. Nifty tanked nearly3 % to make a low of 5824. Both the Indices recovered some of their lost ground to settle at 19691 down by just 270 points and Nifty at 5934 down by 75 points.

If we look at the chart, we can see that the nifty in the last 3 trading session closed above the trendline. Infact if we take the retracement levels, the 23.60% retracement levels comes nearly at the same levels. Today Nifty after recovering made a HAMMER like pattern. Nifty close below that trendline will take the nifty to 5700 levels. The trend is still very confusing as the Chart shows that the NIfty is still in the hands of the bears and close below the trendline will be bad, but the last sessions hammer like pattern may also trigger the shorters to cover up their shorts. But the confirmation will come only after tommorrows trading session. Nifty will find support at 5800 and resistance at 5980 levels.

Buy bajaj Auto above 1605 SL 1585 tgt 1614-1622-1630.

Short BOI below 468 tgt 463-455 SL 475.

Scam, Scam and just Scam

Its just scam everywhere. 3G scam, Adarsh Society scam in Mumbai, land scam in AP, Chara scam in Bihar etc…... You take any paper, read it; you will find only news about the scams in India. According to me the names should be changed to “The Scams of India”, “The Scam Times”, and “Scam Times”….. Indian politicians have dug a bigger hole than the British people. I wish we could still have been in the British rule. At least they have given many good things to India. Our current politicians have eaten up nearly $12L-Cr or $440 bn since our Independence. In still we are not an Independent country. British have given this country many things which are now consider heritage, but these politicians of Indian have filled up their own stomach and we common people are still the same. (This is not to hurt anyone’s feeling). Our common people are doing their best at NASA, Olympics, major IT have most of the staff from India. But we are still lacking behind. Last 3yrs we are listing that Swiss banks are flooded up with the Indian Black Money but our government have still not taken any steps to find out. Till now surely the money might have been laundered to some other country. FII’s will surely be worried about the Government strength in the coming years.

Next year, the U.S. government will have to borrow $4.2 trillion, according to the IMF. That's 27.8% of its annual economic output, up from 26.5% this year. By comparison, Greece needs $69 billion, or 23.8% of its annual gross domestic product. The point here is that with so much borrowing needed, interest rates are bound to continue rising.

According to me, with all of the borrowing that is taking place by countries around the world, interest rates are bound to continue climbing. According to estimates from the International Monetary Fund (IMF), the amount of money that advanced-nation governments will need to borrow in 2011 is a staggering $10.2 trillion. These debt levels have not been seen since the aftermath of World War II.

Revenue collections from indirect taxes i.e. Customs Duty, Central Excise and Service Tax have increased by 42.4% at the all-India level in the first seven months of the current financial year 2010-11 over the same period last year.

Asian markets tumbled down after South Korea’s Central Bank raised interest rates to curb inflation. Raisin rates may lead to slowing in growth rate. Asian countries are still worried as China may also take some similar actions. China has once again hiked the rates.

Rumors floated in the market that the PM has resigned after the 2G Scam. There were links forward from the Times of India e-paper.

This writer through this leading paper “Informed Investor” and through the blogspot” www.technicalsvishaldangaich.blogspot.com” has been continuously informing the reader to be cautious in the market. Indian markets are run up very fast we might surely see some serious correction. Nifty today closed below its support levels of 5980. This will surely call for some serious selling pressure in the Indian markets.

Continuing its downtrend, Indian markets once again tanked. Major Indices Sensex & Nifty tumbled down nearly 3% week on week basis. Small Cap Index had to bare the heat, which fell down more than 6%, while Midcap Index closed down 3% in red.

Reality stocks were the most that were affected. Reality Index fell down 9%. Oil & Gas index by 5%, Bankex tanked 3.4%. Metal Index corrected to the extent of 3.3%, IT 2.7 & Capital Goods by 2.5%. Mukesh and Anil Ambani stocks were in limelight. After the 3G Scam, Ril com sinked 13%, Ril Cap 12%, Ril Infra 10% and Ril Power by 8.4%. Adag might have surely lost most of his market cap in this week. Ril Ind tanked 6.5% to close below Rs.1000 at 996.

Axis bank merger with Enam Sec for consideration of Rs.2100cr to be paid to Enam. This flooded the markets with news that there will be some more same kind of merger in the markets. But the banks exposure in the MFI’s made a point of worry in the markets. Banking stocks fell like a dead pin. Axis bank corrected nearly 8%. JP associated lost 7%, Wipro 6%, Dlf 5.8%, T-Motor 5%, Suzlon and Cairn 6%, Hcc 10%, Chambal 6.5% ACL 7.8%.

In my last article I had clearly mentioned that the Nifty is made a Double Top formation in the daily chart. Nifty could not sustain above 6300 levels and corrected to close below its 20DMA. At the early days when the Nifty was approaching the 6300 levels and was trading above in overbought zone, that time also this writer had informed the reader that the RSI is trending downwards and the Nifty index is going upwards, that makes the same situation as in Jan 2008 scenario. Since then the markets remained volatile and tanked. Finally nifty is nearly its psychological figure of 6000. In my last article also I had mentioned that the Nifty close below 5980 levels, Nifty will come to 5800 levels. Nifty closed at 5890 down 3% in this week.

In the chart we can clearly see that the Nifty closed below it trendline which was drawn since quite a long time and its 23.6% retracement levels. Nifty below 5800 will come down to 5705 with immediate support. On the upside Nifty will continue to face resistance at resistance at 6020. Last week the MACD had given the sell signal with RSI trending downwards. Sensex immediate support will be at 19445. This week Nifty closed below its 50DMA.

Last weeks call

Sell AB Nuvo below 818 with SL of 825 tgt 801-791. Tgt achieved.

Sell Axis Bank below 1481 SL of 1489 tgt 1447. Tgt achieved. Made a low of 1370.

Buy Bajaj Auto above 1596. SL 1588. Did not trigger the price

Sell Corporation Bank below 763 tgt 746- 735 tgt 769. Tgt achieved. Made a low of 700.

Sell Glenmark below 344 tgt 338- 331. Tgt almost achieved. Made a low of 333.

Sell Hdfc bank below 2305 tgt 2240 SL of 2325. Tgt achieved. Made a low of 2303.

Sell Hindalco below 221 tgt 213- 201. Tgt almost achieved. Made a low of 206..

This Weeks call

Sell Acc below 736 SL of 744, tgt 706.

Sell Bob below 936 tgt 923 – 911 SL 945.

Sell Biocon below 392 SL 397 tgt 380.

Sell Hdfc bank below 2292 tgt 2255 SL 2314

Sell Lic housing SL of 1308 tgt 1263.

Sell Hindalco below 210 tgt 195 SL 214

Sell Icici bank below 1140. tgt 1100

Sell Mnm Tgt 735. SL of 759.

Sell Ril below 980 Tgt 960.

Nifty after a long period of nearly 5 months closed below its 50DMA. Nifty closed below its crucial levels of 6000. Nifty closed at 5988 down 132 points and Sensex closed in red 19865 nearly 450 points. Asian markets were trading flat to -ve when Indian markets opened. Europe markets opened up week. Shangai markets were trading down nearly 4%. Indian markets too faced the heat and collapsed with no sign of recovery. As mentioned in my last few artciles also that recovery is not in sight. yesterday Nifty closed just above its support at the trendline.

Nifty after making a double top tanked today after the lunch session. According to Fibonacci Theory, the levels from 4786 to 6300 levels. the first retracement levels comes to 23.60% which is at 5935. Nifty has good support at 5980 levels. Nifty made a low of 5970 but closed above the same. Close below the 5980 levels for 2 consecutive days may call for more selling pressure and we may see Nifty at 5800 levels also.

Sell DLF below 314 SL of 316 tgt 301.
Sell Icici Bank below 1200 SL of 1209 tgt 1177-1163
Sell SBi with a SL of 3094 tgt 3061- 3043.
Sell T Motors with SL of 1210 tgt 1187-----.

Yesterday we have seen a very volatile movement of our market. After opening on a subdued note, Nifty fell to make a low of 6039.75 and then it rose to make a high of 6128.65. At the end of day Nifty closed at 6121.60. It had a net gain of 49.95 points or 0.82% over the previous day’s close. On the sectoral front, Banking, Health care and Information technology stocks were on the buyers’ radar. However, selling was seen on Realty and Consumer durable stocks.
After opening at 6079.90, Nifty traded in the band of 6040 and 6100 maximum hours of yesterday’s trading session. However, a buying was seen towards the closing session and finally the bulls were able to manage Nifty above 6120. The short term crucial support of Nifty lies at 5930. If it breaches 5930, it may test the level of 5820. However, if it is able to maintain above 6230, it may go up to the
level of 6340
On an intra-day basis Nifty has a support at 6090 and is likely to face a stiff resistance near 6150. If Nifty breaks 6090, it may further go down to 6060 and then 6035. However, if Nifty is able to sustain above 6150, the level of 6185-6230 would become the next target. But still the recovery is not in sight. It may be just a bounce back rally. confirmation will come within 1 -2 trading session.

Buy AFL with SL of 56.50 cmp 58.20
Buy Infosys above 3040. SL 3030

China reported its biggest monthly trade surplus in 3 months for Oct. China’s customs agency reported Wed that the nation’s merchandise trade surplus increased to $27.15bn in Oct from a five month low of $16.6bn in Sep. due to a slowdown in imports, particularly of commodities.

Irish and international banks’ loan losses in the country may total least 85 billion euros ($117 billion), central bank Governor Patrick Honohan. Mortgage defaults may push the cost of Ireland’s bank bailout to 70 billion euros, more than the government’s estimate of 50 billion euros.

Asian stock markets fell Friday on concern China might further tighten credit and fears about Europe's debt crisis as global leaders meeting in South Korea struggled to soothe currency tensions. Markets were on edge as leaders from the Group of 20 major advanced and developing nations struggled at a summit in Seoul to resolve a U.S.-China currency dispute that threatens to escalate into a global trade war. Adding to negative sentiment was mounting speculation that Ireland - one of Europe's most financially troubled countries - would not be able to cut public spending and may have to resort to a bailout.

Oil has once again shown strength. Oil rose to its 25 month highs above $88 barrel on Thursday. Demand in the world’s top two oil consuming nation. China’s industrial production grew 13.1% in Oct from a year earlier, sending oil use in the world’s second biggest consumer to a record 8.92 million barrels per day.

In the G20 summit, there is surely going to be a big debate on the currency part. US will find difficult to prove that the China deliberately undervalues its currency to gain a trade advantage. US say a higher valued Yuan would make a Chinese exports costlier and US imports cheaper for the Chinese to buy. This way the US may reduce its trade deficit with China.

Late hour selling in the Indian markets were just the same as it was seen in the Korean Markets. Korean Index Kospi tanked nearly 3% in the last few minutes of trade on Thursday. Indian markets too corrected in the last few trading minutes.

Indian markets too reacted fairly in line with the Global markets. Major Indices tanked nearly 4% on week on week close. Midcap, Small Cap too could not bare the heat and corrected by 2.9% and 1.3% respectively. Reality Index closed down 6.8% while Bankex corrected by 6.1%, Capital goods Index by 4%, Metals 3.2%, IT 2.6% and Oil & Gas 4.2%.

Frontline stocks saw a massive sell off. After a smooth run up in the last week a group stocks fell like cards. Sbi corrected 13.5%, Bhel 6.2%, Ongc and Icici Bank by 6%. Bharti Airtel after the announcement of its Quarterly results tanked 7.5% on back of its loss on its South African unit. Other stocks which dragged the indices down were Cipla, Rcom, Relcap, and Ranbaxy fell 6 – 6.5% range. DLF by 8.5%, Idfc by 12%.

Coal India made its debut on the brousers. FPO of Powergrid has already attracted nearly 9 times the size of the FPO.

A similar pattern like a Double top pattern has been formed in the nifty and the Sensex chart. Nifty made a high and low of 6335 and 6056. Nifty closed at 6071. Sensex closed at 20156 after making an intra week high and low of 21075 and 20108. Nifty for the first time since Jan 2008 closed higher above 6300 levels, but could not sustain the sell off and corrected immediately from the next day onwards. Nifty which was in the formation of the Head and shoulder pattern in the last week corrected and closed below its 20DMA. Nifty found resistance at its 100% Fibonacci Retracement levels and corrected from there. Nifty did close above its 100% retracement level but tanked to make a low of 6056.

RSI should a sudden change in the trend. MACD is also in the way to give negative divergence. Nifty will find immediate support at 6024 levels. Below 6020 levels fall will continue till 5059 levels. Close below the same will trigger more sell off and the Nifty will hault near 5800 levels. Upside is capped for some period. Nifty has taken support at the trendline which was drawn since last week in the charts. On the higher side Nifty will continue to face resistance at 6144-6199 levels.

Last weeks call

Buy united Spirit with a SL of 1475. SL triggered.

Sell united Spirit below 1475 tgt. 1463. Made a low of 1400. Tgt achieved

Buy Torrent Power with SL of 295 tgt 320. SL triggered.

Sell Tcs close below 1050 SL 1060. SL triggered but made a low of 1048.

Buy Tata Steel above 611. SL of 601. Made a high of 647.

Buy Axis Bank above 1543 tgt 1552-1565. Made a high of 1584. tgt achieved.

Buy Baja Auto with a SL of 1575 tgt 1596-1606. Made a high of 1622. tgt achieved.

Buy Hdfc bank above 2380 SL of 2371. Made a high of 2420.

Buy Hdfc above 718 SL of 712. Made a high of 745.

This weeks call

Sell AB nuvo below 818 with SL of 825 tgt 801-791.

Sell Axis Bank below 1481 SL of 1489 tgt 1447.

Buy Bajaj Auto above 1596. SL 1588.

Sell Corporation Bank below 763 tgt 746- 735 tgt 769.

Sell Glenmark below 344 tgt 338- 331

Sell Hdfc bank below 2305 tgt 2240 SL of 2325.

Sell Hindalco beloe 221 tgt 213- 201

Dated 11th Nov 2010

Late hour selling in the Indian markets were just the same as it was seen in the Korean Markets. Korean Index Kospi tanked nearly 3% in the last few minutes of trade. Nifty also sinked nearly 81 to close at 6194 and Sensex fell down 286 to close at 20589. Chart suggest that the Nifty has made a double top formation and corrected from the same levels. As mentioned in my earlier article also the Nifty will face resistance at 6340 levels and it corrected from almost that levels. Nifty will fall down to find support only at 6144 levels. Fall below the same will take the Nifty to 6114.

Sell SBI below 3166 SL 3175 tgt 3142-3133.

Sell Ril below 1077 tgt 1066-1063.

Sell Relcap below 814 tgt 801.

Sell Idbi below 193 tgt 189- 180.

Markets opened up flat and then corrected a bit. Through out the trading session Indian markets remained very volatile. At one point of time Sensex slipped down 85 points in red and pull back sharply nearly 100 points in green. Traders had their day out today. Sensex closed at 20932 up 80 points and Nifty closed up 23 points at 6301. On the Diwali mahurat trading day Nifty for the first time since 2008 closed above the 6300 levels. But slipped soon after on the next day. Today once again Nifty closed above 6300 mark will good volumes. Nifty will continue to face resistance at 6340-6357levels.

IFCI looks good with a short term target of 85++
Sell IDBI below 193. SL 194.6
Buy bharti Airtel above 335.75. SL 328.

Happy Diwali 2010- Buy Silver this time.

As mentioned in my previous many article.

BUY Only Silverrrrrrr…… on this Dhanterassssss.

This will surely give u much more returns than the gold. The use of Silver in the industrial area will surely keep on increasing but will never fade out. Last time I had given a buy on this commodity, when it was trading at $17 now its trading nearly at $24.50. Buy with a long term prospective.

As this week we have only 4 trading days available, but the volume loss with 1 trading day will be surely recovered tomorrow itself with the listing of Coal India IPO. Premium for the stock is Rs.38-40

RBI hiked reverse repo and repo rates by 25 bps at 5.25% and 6.25% respectively. CRR has been left unchanged at 6%. FY11 GDP forecast remains unchanged at 8.5%.

The real estate stocks fell on Thursday after the central bank tightened the provisions for housing loans. Imposing a ceiling on the loan-to-value ration and the higher provisioning requirement for teaser rates will have an impact on the residential segment in the short term. The RBI capped the loan-to-value ration for housing loan exposure at 80% from 85-90%, increased the risk weight for residential housing loans worth Rs.75L and more to 125% and raised the standard asset provisioning by commercial banks for teaser home loans to 2% to 0.5%.

The day the Indian markets started moving upside, we left behind the US issues. No one’s talking about the issues still prevailing in the US markets. Unemployment rate this week is at 26year high. Housing prices are still its low. Even the Nouriel Roubini, the New York University professor who predicted the global crisis believes that the US will grow at a lower pace at 1% or even low and the Japan is the country which is an accident waiting to happen. Risk of Double Dip recession remains. The dark clouds are still not our from the international markets. There are still lot of bank going the bankruptcy way.

As this week the Informed investor paper is printed on Thursday, the below mentioned calls are updated as of Wednesday s close.

After a negative close on the last day of the week ended 29^th Oct 2010. Indian markets opened with great strength on Monday and close once again above the 6000 levels. On Wednesday Nifty closed up 41 points at 6160 after making a high of 6182. Sensex closed at 20465 up by 120 points on Wednesday.

The Head and Shoulder pattern which was in the formation in the Nifty Daily chart has been broken and Nifty closed above the marked trendline. RSI had also given a buy signal and the MACD is in the process of giving a breakout signal. RSI have taken a good support at the trendline and turned positive. Confirmation will come only after 2 days trading session only. Nifty will continue to face stiff resistance 6186-6200-6220 levels. Close above 6240 may take the Nifty to new levels. Support is at 6080 levels.

As mentioned in my previous many article.

BUY Only Silverrrrrrr…… on this Dhanterassssss.

This will surely give u much more returns than the gold. The use of Silver in the industrial area will surely keep on increasing but will never fade out. Last time I had given a buy on this commodity, when it was trading at $17 now its trading nearly at $24.50. Buy with a long term prospective.

Last weeks call

Buy Adani Ent above 712 SL 704. made a high of 782.90

Sell Biocon below 405 tgt 391-386 SL 411. Did not trigger.

Sell Cromptom below 317 tgt 305 SL 325. Did not trigger.

Sell Hdil below 244 tgt 236-232. Did not trigger.

Buy Icici bank above 1169 SL 1163. made a high of 1255.

Sell Rilinfra below 1032 SL 1047 tgt 1007. Did not trigger.

This weeks call

Buy united Spirit with a SL of 1475.

Sell united Spirit below 1475 tgt

Buy Torrent Power with SL of 295 tgt 320.

Sell Tcs close below 1050 SL 1060.

Buy Tata Steel above 611. SL of 601.

Buy Axis Bank above 1543 tgt 1552-1565.

Buy Baja Auto with a SL of 1575 tgt 1596-1606.

Buy Hdfc bank above 2380 SL of 2371.

Buy Hdfc above 718 SL of 712.

I came across a SMS that says:

It’s a Black Magic week for 3 reasons.

1. Coal India Listing (Black Color)
2. Amavaysa (Black Day)

Arrival of Obama In India (know everyone knows that, I don’t need to tell)