RE: FYI.... {ABN STOCKS & TRADING IDEAS} Nifty - Analysis
grha...@gmail.com
Can anyone tellme how is Tatasteel results
ghathwar
-----Original Message-----
From: Ramesh V.K.
Sent: 26/05/2010 7:34:56 pm
Subject: Re: FYI.... Fw: {ABN STOCKS & TRADING IDEAS} Nifty - Analysis
MOST PROBABLY YES BUT NOT STRAIGHT TO THAT POINT, WILL HAPPEN IN BEFORE
AUG-SEP'10 THRU ZIG ZAG MANNER
On Wed, May 26, 2010 at 5:33 PM, Darshan Shah <shahda...@gmail.com>wrote:
> As per this we have violated 200DMA and close decisively below it for three
> days. Means we are open for 4350 odds now?????
>
> Sent on my BlackBerry® from Vodafone
> ------------------------------
> *From: * "ABN STOCKS & TRADING IDEAS" <abns...@gmail.com>
> *Date: *Wed, 26 May 2010 18:50:11 +0530
> *To: *<abn-stocks--...@googlegroups.com>
> *Subject: *FYI.... Fw: {ABN STOCKS & TRADING IDEAS} Nifty - Analysis
>
> *FYI*
> **
> ----- Original Message -----
> *From:* Ramesh V.K. <rames...@gmail.com>
> *To:* ABN Stocks Trading <abn-stocks--...@googlegroups.com>
> *Sent:* 05/05/2010 00:13
> *Subject:* {ABN STOCKS & TRADING IDEAS} Nifty - Analysis
>
> *NIFTY NOT HOLD 5200 AND FELL BELOW THE CRITICAL LEVEL OF 5161 THE LOW OF
> APRIL MONTH TO CLOSE AT 5148 GIVING CLEAR SHORT TERM BEARISH SIGNALS
> CONFIRMING THE A,B,C ZIGZAG CORRECTION WITH POINT "A" MAKING APRIL LOW OF
> 5161, POINT "B" AT 26TH APRIL HIGH OF 5343 AND NOW THE DOWN LEG "C' CAN FALL
> AS LOW AS 5000 OR EVEN LOWER LEVELS BY MID MAY OR EVEN BY MID NEXT WEEK. IF
> ONE JOINS THE LOWS OF 13 JULY 09 AT 3919, LOWS OF 8TH FEB AT 4675 AND
> EXTENDS THE LINE THEN IN NEXT 2 TO 3 DAYS NIFTY CAN EASILY SLIP BELOW 5000
> LEVELS TO TEST 4989. IN ANY CASE THE ABC ZIGZAG SHOULD BRING DOWN NIFTY TO
> TEST 5000 OR LOWER LEVELS AS LONG AS INDIAN BULLS HAVING BEEN CONVERTED INTO
> BULLOCKS KEEP ON BOWING DOWN TO DOW OPERATORS. A DECISIVE BREACH OF 5000 ON
> A CLOSING BASIS CAN EYE FOR THE NEXT LOWER TARGET OF 4800 IN MAY ITSELF TO
> COMPLETE THE 3RD SIMILAR CORRECTION SIMILAR TO EARLIER CORRECTIONS TO MAKE
> THE 13 JULY LOW OF 3919, 8TH FEB LOW OF 4675.*
>
> *IF ONE HAS A CLOSER LOOK AT THE DAILY EOD CHART ABOVE, ONE WILL NOTICE
> THAT SLOW STOCHASTIC GIVING CLEAR SIGNAL FOR FURTHER FALLS DEEP INTO THE
> LOWER ZONE. THIS BEARISH SIGNAL COUPLED WITH DAILY ADX GENERATING FURTHER
> WEAKNESS CONFIRMS THAT NIFTY MAY TEST 5000 OR LOWER LEVELS IN QUICK TIME.
> FROM THE 8TH FEB LOW OF 4675 NIFTY WENT UP TILL 7TH APRIL HIGH OF 5399. SO
> AS PER FIBONACCI RULES OF DOWNWARD RETRACEMENT, 38% COMES TO AROUND 5123
> WHICH MAY NOT BE VISIBLE ON WEDNESDAY, 50% COMES TO AROUND 5038 AND 62%
> COMES TILL 4952. KEEPING THE DEVASTATING EFFECT OF THE MAY MONTHS OF EVERY
> EVEN YEAR STARING FROM MAY OF 1996 TILL MAY OF 2008, ONE SHOULD NOT BE
> SURPRISED TO SEE NIFTY TESTING 4950 LATEST BY 3RD WEEK OF MAY AFTER WHICH
> THE NEXT LEG OF THE BULL RUN IS LIKELY TO COMMENCE.*
> *LONG TO MEDIUM TERM INVESTORS NEED NOT PANIC AND USE THIS AS A GOD SENT
> OPPORTUNITY TO BUY FOR GREAT LONG TERM BENEFITS. INVESTORS SITTING WITH CASH
> MAY WAIT TO START BUYING GRADUALLY FROM 5000 OR LOWER LEVELS. SHORT TERM &
> INTRADAY TRADERS SHOULD CLOSE THEIR EYES AND RUTHLESSLY SHORT ON EVERY
> INTRADAY RISE HOWEVER SMALL THE RISE MAY BE, TILL NIFTY SPOT DOES NOT MOVE
> UP TO CROSS 5161 LEVELS ON THE HIGHER SIDE. ONLY A MOVE ABOVE THE CRITICAL
> LEVEL OF 5161 OR MORE IMPORTANTLY 5210 MAY GIVE TEMPORARY RESPITE TO THE
> DOWNWARD SWING TILL 4950 LEVELS. *
> **
> *REMEMBER THAT 200 DAY EMA IS NOW PLACED AT 4900 LEVELS AS OF NOW. THIS
> SHOULD PROVIDE GOOD SUPPORT FOR THIS CORRECTION. ANY FAILURE OF THIS
> SUPPORT SHOULD TAKE DOWN NIFTY BY ANOTHER 500 POINTS DOWN TO REACH 4350
> LEVELS. AS I SAID EARLIER AFTER THE 200% GROWTH IN NIFTY 60% CORRECTION
> IS EXPECTED. THIS MAY BE THE STARTING POINT. WAITAND WATCH.*
> **
> *THE ONLY SAVING GRACE FOR WEDNESDAY MAY BE INDIAN MARKETS HAD FALLEN THE
> MOST IN LAST 2 DAYS AS AGAINST OTHER ASIAN & EUROPEAN MARKETS WHICH ENJOYED
> THE LUXURY OF MINOR FALLS. SO THE FALL ON WEDNESDAY MAY NOT BE THAT
> DEVASTATING LIKE OTHER DOW OPERATOR DRIVEN ASIAN MARKETS. *
> **
>
>
>
> --
> Regards,
> Ramesh
>
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Ramesh
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