ABG SHIPYARD 26.12.10

BUY ABG SHIPYARD  :

APOLLO HOSPITAL

Apollo Hospital : Buy

Details will be given Shortly

Update On Recommedation

My update : First of all  happy Diwali and prosperous new year to everyone . My absence for last 1 month was because  i was  visiting kerala(God's Own Country ) with my family and friends

I am updating my recent calls and will be posting fresh calls very soon

GATI LTD :  Gati made a high of  78 after my Post but along with the market it  has corrected and is currently trading at 68.85

Next support are at 67.35 and 64.30(IMP)

Conclusion : The stock did not perform according  my expectation and from here it is likely to consolidate around this levels


COLGATE :  Colgate made high of 1004 on 9th nov with huge volumes , At the time of recommendation it was quoting at 845

Currently it is trading at 883 which above the recommended price of 845


Conclusion : The stock has performed very well giving returns of 19 %  at 1004 in about 20 days
Hope people made money on this call

GATIL LTD (B) 17.10.10

GATIL LTD DAILY CHART :


MOVING AVERAGES: GATI HAS SUPPORT  OF 100 EMA AND 100 SMA AT 72 WHICH  WILL CUSHION THE FALL IN CASE OF BREAKDOWN FROM THE TRENDLINE


A BREAK ABOVE THE UPPER TRENDLINE i.e ABOVE 77  WITH GOOD VOLUMES CAN TAKE THE STOCK TO 80.60 , 83.30 AND 85

GATI LTD ( A) 17.10.10

GATI LTD DAILY CHART :

CONSOLIDATION: GATI HAS BEEN CONSOLIDATING FOR LAST 2 MONTHS IN RANGE WHICH IS GETTING NARROWER BY THE DAY 


VOLUMES : VOLUMES HAVE DRIED UP IN THIS MONTH UP-TILL NOW

COLAGTE (B) 17.10.10

COLGATE DAILY CHART

MOVING AVERAGES : COLGATE HAS TAKEN SUPPORT AT 100(SMA) WHICH IS ALSO THE TRENDLINE SUPPORT AT 840 .
100 (EMA) SUPPORT IS AT  827

SUPPORT & RESISTANCE :

COLGATE HAS SUPPORT AT 840 , 835 , 825 
COLGATE HAS RESISTANCE AT  870 , 881, 892

Colgate (A) 17.10.10

COLGATE DAILY CHART 

TRENDLINE SUPPORT : COLGATE HAS BEEN UNDER PERFORMING IN THIS RECENT RALLY AND THUS HAS TAKEN SUPPORT AT TRENDLINE AT AROUND Rs 840 AS SHOWN ABOVE 


VOLUMES: VOLUMES HAVE INCREASED SINCE THE START OF THIS MONTH COMPARED TO PREVIOUS MONTH

NIFTY 02/10/10

Sorry for not updating the blog as was busy with an important project .

WEEKEND EDITION

QUARTERLY CHART :

NIFTY 12.09.10

WEEKEND EDITION

NIFTY WEEKLY CHART 

RESISTANCE:  "5677" IS AN IMPORTANT LEVEL FOR NIFTY  WHERE IT WILL  FACE RESISTANCE  

THE ABOVE HORIZONTAL LINE IS A  CLASSIC EXAMPLE OF SUPPORT BECOMING RESISTANCE WHEN  INDEX STARTS TO MOVE UP

NIFTY 12.09.10

WEEKEND EDITION

NIFTY DAILY CHART :

FIBO LEVELS:  IF WE TAKE THE RECENT FALL IN THE NIFTY FROM 5550 TO 5348 AND CALCULATE THE  FIBO LEVELS  , WE ARRIVE AT VERY IMPORTANT LEVELS WHERE NIFTY WILL FACE RESISTANCE


AT 161.8% RETRACEMENT OF THE ABOVE MENTIONED LEVELS COMES AT 5675 WHICH WILL ACT AS STRONG RESISTANCE

NIFTY 04.09.10

NIFTY DAILY CHART

NIFTY 04.09.10

NIFTY DAILY CHART 

TRENDLINE : THE ABOVE TRENDLINE IS FROM  JAN'10 HIGH (5310) CONNECTING APRIL '10 HIGH (5400) TILL AUG'10 HIGH ( 5499) WHICH UPON EXTENSION WE CAN SEE NIFTY MIGHT FACE RESISTANCE AT 5570


VOLUMES : VOLUMES HAVE BEEN DECLINING BETWEEN THE PERIODS AS MENTIONED  ABOVE

NIFTY 04.08.10 (A)

WEEKEND EDITION

NIFTY DAILY CHART 


TRENDLINE:  IN THE ABOVE CHART  THE TRENDLINE IS  FROM JAN '08 HIGH ( 6357) TO AUG'10 HIGH (5549)  WHICH UPON EXTENSION WE CAN SEE NIFTY WILL FACE RESISTANCE 5540

NIFTY 29.08.10

NIFTY DAILY CHART :

RSI( RELATIVE STRENGTH INDEX) : 

BREAKDOWN :RSI HAS BROKEN THE LOWER SUPPORT LINE AT 52 LEVELS 


DOUBLE TOP : RSI HAD MADE DOUBLE TOP ( "EXIT") WHEN NIFTY WAS AT 5540 AND 5550 LEVELS .

WILL HISTORY REPEAT ITSELF?? :

SIMILAR DOUBLE TOP IN RSI WAS LAST SEEN IN APRIL 2010 WHEN NIFTY HAD REACHED 5400 AND WE CRASHED TO 4800 LEVELS

NIFTY 29.08.10

NIFTY DAILY CHART :

MOVING AVERAGES: NIFTY  AT 5391 ( DAY'S LOW) HAD TAKEN SUPPORT AT 50 DAY (SMA) 


MULTIPLE TOPS:  AT 5445 AND 5450 WE HAD SEEN NIFTY  TOPPING OUT 3 TIMES ( FROM 19/08/10 TO 23/08/10) THUS  IT WAS AN INDICATION THAT MARKETS WERE GETTING STRETCHED AROUND THESE LEVELS AND FALL WAS COMING

NIFTY 29.08.10

WEEKEND EDITION

NIFTY WEEKLY CHART 

CONFLUENCE: IN THE ABOVE CHART WE CAN SEE  5370 WILL ACT AS IMPORTANT LEVEL IN COMING DAYS 


TRENDLINES: WE HAVE 2 TRENDLINES MEETING AROUND 5365 - 5370 WHICH IS LIKELY TO ACT AS STRONG SUPPORT FOR NIFTY

NIFTY 26.08.10

NIFTY DAILY CHART

NIFTY DAILY CHART 21.08.10

NIFTY DAILY CHART :

RESISTANCE : AS CAN BEEN SEEN FROM THE ABOVE CHART NIFTY HAD FACED RESISTANCE AT AROUND 5550 ALONG THE TRENDLINE  

GRAPHITE INDIA (D) 16.08.10

GRAPHITE WEEKLY CHART :

MOMENTUM OSCILLATORS  :

KNOW SURE THING (KST) : KST HAS FORMED DOWNWARD SLOPE , THERE IS GOOD CHANCE WE COULD SEE A BREAKOUT


DIVERGENCES :  WE CAN SEE  NEGATIVE DIVERGENCE WITH RISE IN PRICE OF THE STOCK  ALONG WITH FALL IN KST

STOCHASTIC :  WE CAN SEE POSITIVE CROSSOVER  FROM OVER SOLD POSITION

GRAPHITE INDIA (C) 16.08.10

GRAPHITE WEEKLY CHART:

TRENDLINE : ON WEEKLY CHART ALSO WE CAN GRAPHITE HAS STRONG SUPPORT ALONG THE TRENDLINE


WMA : GRAPHITE HAS BEEN TAKING SUPPORT AT 20  DAY WEEKLY MOVING AVERAGE

GRAPHITE (B) 16.08.10

GRAPHITE DAILY CHART 

MOVING AVERAGES:  GRAPHITE HAS BEEN TAKING SUPPORT AT 100 DAY (SMA) AND 100 (EMA) AT VARIOUS POINTS


SUPPORT : Rs 95 HAS BEEN ACTING AS VERY STRONG SUPPORT { ALSO 100(EMA)}

GRAPHITE INDIA ( A) 16.08.10

GRAPHITE INDIA DAILY CHART :

LONG TERM TRENDLINE :  THE ABOVE CHART IS SELF EXPLANATORY  WHERE WE CAN SEE THE TRNDLINE STRETCHING FROM  23rd JUNE 2009 TO TILL DATE  WHERE SUPPORT IS AROUND Rs 95

NIFTY 16.08.10

NIFTY DAILY CHART :

TRENDLINE SUPPORT:  AS CAN BEEN FROM THE ABOVE NIFTY HAS TAKEN SUPPORT AT VARIOUS LEVELS ALONG THE TRENDLINE  AND THE NEXT SUPPORT IS  AT 5340

Happy Independence Day

Wishing all the indian's a very happy independence day.

SENSEX UPDATE

QUICK UPDATE :  SENSEX HAD MADE A HIGH OF 18309 ON 9tH AUGUST  WHICH IS 8 POINTS SHY OF MY LEVELS MENTIONED ON 8th AUGUST 2010 POST


REFRESH : THEORY POST

NIFTY 11.08.10

NIFTY DAILY CHART :

RETRACEMENT: NIFTY  HAS RETRACED 50% OF THE RALLY FROM 5349 TO 5492  AND CLOSED AT 5420


DMA : NIFTY HAS CLOSED AT 5420 WHICH IS EXACTLY AT 20 DAY SMA

SUPPORT  : NIFTY HAS SUPPORT AT  5405 , 5370
          

SENSEX 08.08.10

WEEKEND EDITION

SENSEX QUARTERLY CHART  :

THEORY : 

1)  JAN QTR HIGH 17530

2)  MARCH QTR HIGH 17793 ( HIGH OF JAN QTR + 1.5% = 17793)


3) JUNE QTR HIGH 18047 (HIGH OF MARCH QTR +1.5% = 18059)


4) SEPTEMBER QTR HIGH  18317 ? ( HIGH OF JUNE QTR + 1.5%= 18317)



IF  WE FOLLOW THE ABOVE THEORY  THEN SENSEX HAS STRONG RESISTANCE AT  18317 IN THIS QUARTER

NIFTY 08.08.10

NIFTY DAILY CHART :

"TOLD YOU SO" : NIFTY MADE A HIGH OF 5481 ON  4th  AUGUST  WHICH WAS THE EXACT LEVEL I HAD MENTIONED IN MY POST ON 26rd JULY WHERE NIFTY WOULD FACE RESISTANCE

FLASH BACK LINK  : RESISTANCE AT 5481

ON 5th AUGUST NIFTY MADE A HIGH OF 5487  WHICH IS NEAR TO THE LEVELS MENTIONED ABOVE AND CLOSE TO NEXT RESISTANCE OF 5500 &5520

NIFTY 03.08.10

NIFTY DAILY CHART: 

TRENDLINE: NIFTY HAD TAKEN SUPPORT  AT AROUND 5350 ON 30th JULY AND ON 2nd AUGUST WHICH IS ON THE TRENDLINE , WHERE ON PREVIOUS OCCASION WE HAVE SEEN NIFTY FINDING SUPPORT AT VARIOUS POINTS

NIFTY 25.07.10(D)

NIFTY DAILY CHART :

RETRACEMENT THEORY:NIFTY WILL FACE RESISTANCE AT 5481 WHICH THE 76.8 % RETRACEMENT FROM ALL TIME HIGH OF 6357 ( 8/01/08) TO ALL TIME LOW 2252( 27/10/08)

NIFTY 25.07.10 (C)

NIFTY DAILY CHART:

CLIMAX ZONE: AS CAN BEEN SEEN FROM THE ABOVE CHART WE ARE SEEING CONVERGENCE OF 2 TREND LINES ( BLUE AND ORANGE TREND LINE) AT AROUND 5500 

THUS 5500 WOULD BE IMPORTANT LEVEL TO WATCH WHERE WE HAVE MULTIPLE RESISTANCE WHICH WOULD BE DIFFICULT TO BREAK

NIFTY 25.07.10 (B)

WEEKEND EDITION:

NIFTY WEEKLY CHART 

RISING WEDGE: NIFTY HAS FORMED WHAT LOOKS LIKE A RISING WEDGE PATTERN ON WEEKLY CHART WHICH IS A BEARISH SIGNAL


IN ODER TO NEGATE THIS PATTERN NIFTY HAS TO BREAK THE UPPER TRENDLINE  WHERE THE RESISTANCE IS AT 5500

IN CASE OF BREAKDOWN THE TARGET WOULD BE CALCULATED AFTER THE BREAK OF THE LOWER TRENDLINE

NIFTY 25.07.10(A)

NIFTY DAILY CHART :

TRENDLINE: NIFTY HAD TAKEN SUPPORT AT VARIOUS POINTS(DIAMONDS) AS SHOWN ABOVE ALONG THE TRENDLINE 


AS THE TREND LINE IS VERY STEEP VALIDITY  WOULD BE QUESTIONED IN CASE OF BREAKDOWN FROM THESE LEVELS

BOLLINGER BANDS

HOW TO ANALYSE BOLLINGER BANDS ?

NIFTY 18.07.10

WEEKEND EDITION :


NIFTY WEEKLY CHART :


BOLLINGER BANDS : NIFTY FACED RESISTANCE AT 5450 WHICH IS THE UPPER END OF THE BOLLINGER BANDS ( PINK ARROW) 


ON PREVIOUS OCCASION ALSO NIFTY HAS FACED RESISTANCE AT UPPER BAND (DIAMONDS ) 


SUPPORTS:  5345 ,5325,5310

NIFTY 13.07.10

I AM POSTING VIDEO ABOUT HOW DIVERGENCES IN RSI CAN USED TO PREDICT THE MOVEMENT OF MARKET

NIFTY 11.07.10

 

"WEEKEND EDITION"

NIFTY WEEKLY  CHART :


RELATIVE STRENGTH INDEX(RSI):( FROM 10/06/09 TO TILL DATE)


 THERE ARE 2 POSSIBILITIES

1 ) BEARISH DIVERGENCE : AS SEEN FROM THE ABOVE CHART  NIFTY HAS BEEN MOVING UP  ACCOMPANIED BY FALL IN RSI , WHICH IS MAKING LOWER HIGH

THUS  THIS IS  AN INDICATION THAT WE COULD SEE A FALL IN  THE MARKET IN NEAR FUTURE


2 )TRENDLINES: RSI IS FACING RESISTANCE AT THE UPPER TRENDLINE  , WHICH IS VERY IMPORTANT TO BREAK IN ODER FOR IT TO MOVE HIGHER FROM HERE


IF THIS TRENDLINE IS BROKEN ON THE UPSIDE THEN 5475 AND 5500 ARE THE NEXT POSSIBLE TARGETS

NIFTY 09.07.10

NIFTY DAILY CHART :

" FLAG BREAKOUT ":  NIFTY HAS  FINALLY GIVEN A BREAKOUT FROM THE FLAG PATTERN AT 5300  WITH GOOD VOLUMES( THUMPS UP)  AND CLOSED AT 5352

BOLLINGER BANDS : NIFTY HAS RESISTANCE AT 5360 - 5370 WHICH IS THE UPPER BAND LEVEL

LEVELS TO WATCH OUT  :
RESISTANCE : 5370 ,5382 , 5396

NIFTY 08.07.10

"TOLD YOU SO": NIFTY  IS STILL IN THE RANGE OF 100 POINTS  BETWEEN 5200 TO 5300 
  
NIFTY TODAY MADE A HIGH OF 5320 WHICH WAS THE UPPER LEVEL MENTIONED IN MY PREVIOUS POST 

NIFTY DID BREAK THE UPPER TRENDLINE AT 5307  AND MADE HIGH OF 5320 BUT WAS NOT ABLE TO SUSTAIN  THESE LEVELS AND CLOSED AT 5296 WHICH IS AGAIN INSIDE THE CHANNEL


"DMA" : FOR LAST 3 CONSECUTIVE DAYS  INCLUDING  TODAY NIFTY HAS TAKEN SUPPORT AT 20 EMA  WHICH IS ACTING AS GOOD SUPPORT

NIFTY 02.07.10

NIFTY DAILY CHART :


CHANNEL:  NIFTY IS MOVING IN DOWNWARD SLOPING CHANNEL WITHIN  TIGHT RANGE OF 100 POINTS  


THE DOWNSIDE SUPPORT FOR THIS CHANNEL IS 5210 - 5200
THE RESISTANCE IS AT 5300  - 5320


DMA :NIFTY  HAS  SUPPORT AT 20 DMA  AT 5215 WHICH IS AT THE LOWER TRENDLINE

NIFTY 29.06.10

NIFTY DAILY CHART :

LOWER TRENDLINE :  NIFTY  HAS SUPPORT AT LOWER TRENDLINE WHICH COMES AT 5210 - 5200 LEVELS

NIFTY 25.06.10

NIFTY DAILY CHART :

NIFTY ON  24th JUNE HAD MADE  PERFECT  DOJI WITH  HIGH VOLUMES WHICH CAN ATTRIBUTED TO F & O EXPIRY 

DOJI PATTERN INDICATES A TREND REVERSAL 


10EMA: NIFTY TODAY MADE A LOW OF 5259.90 WHERE IT TOOK SUPPORT AT 10 EMA AND CLOSED AT 5269

NIFTY 21.06.10

NIFTY DAILY CHART :

BREAKOUT: NIFTY HAS GIVEN CONVINCING BREAKOUT FROM THE UPPER  TRENDLINE  AND CLOSED AT 5353 

VOLUME WAS LOW COMPARED TO PREVIOUS DAYS ( ARROW)


THE NEXT RESISTANCE FOR NIFTY 5370 AND 5395

NIFTY 18.06.10 (B)

NIFTY DAILY CHART: (CHART 2)


THE EXTENDED  TRENDLINE SHOWN ABOVE INDICATES THAT NIFTY HAS STRONG RESISTANCE AT 5310

THUS IF NIFTY IS ABLE TO CROSS THIS LEVEL THEN 5350 WOULD BE NEXT TARGET

NIFTY 18.06.10

NIFTY WEEKEND EDITION:(CHART 1)


LONGTERM TREND LINE:  THE TRENDLINE  STRETCHES FROM 6357 (i.e ALL TIME OF NIFTY) AND PASSING THROUGH 5400 (i.e 52 WEEK HIGH) AND TO CURRENT LEVELS ( 5300)


CLOSE UP OF ABOVE CHART IS GIVEN THE NEXT POST TO UNDERSTAND THE IMPORTANCE OF THE ABOVE CHART

NIFTY 16.06.10

NIFTY DAILY CHART:

RESISTANCE : NIFTY IMMEDIATE RESISTANCE AT 5265 -5275  i.e THE UPPER TRENDLINE 

IF NIFTY IS ABLE TO CROSS THIS RESISTANCE LINE THEN 5300 AND 5350 TARGETS WOULD OPEN UP

NIFTY 14.06.10

NIFTY DAILY CHART:

INVERTED HEAD AND SHOULDER :  NIFTY HAS GIVEN BREAKOUT FROM INVERTED H&S PATTERN WITH AVERAGE VOLUMES

NIFTY 11.06.10

NIFTY DAILY CHART : 

APOLOGY !!!!

Sorry for not updating the blog for last few days , as i am having some trouble with internet connection .


will be updating the blog from 11 june 2010 onwards


kindly bear with me


Thx
Ritesh Bhansali

NIFTY 04 .06.10

NIFTY DAILY CHART:

RETRACEMENT: NIFTY MADE A LOW OF 5091 WHERE IT TOOK SUPPORT AT 50% OF ENTIRE RALLY FROM 5400 TO 4785 


MOVING AVERAGE: AGAIN AT 5091 NIFTY TOOK SUPPORT AT 100 DAY MOVING AVERAGE (DMA)

NIFTY 02.06.10

NIFTY DAILY CHART:

RETRACEMENT: NIFTY HAS RETRACED 38.20% OF THE FALL AT 5020

NIFTY 01.06.10

NIFTY DAILY CHART:

RESISTANCE: AS  I HAD MENTIONED IN MY PREVIOUS POST NIFTY WILL FIND IT DIFFICULT  TO CROSS THE TRENDLINE AND THUS IT CAME DOWN HEAVILY (-116 POINTS)


SUPPORT: 4940 ,4910 AND 4870

NIFTY 31.05.10(C)

NIFTY DAILY CHART :

CHART 2:(CLOSE UP OF BELOW CHART)

AMAZING TRENDLINE:   TODAY NIFTY HAS TOUCHED THE TRENDLINE AT 5098 WHICH WAS TODAY'S HIGH AND CLOSED AT 5086 ,THUS IN COMING SESSIONS WE WILL HAVE TO SEE WHETHER NIFTY CAN BREAKTHROUGH THIS TRENDLINE ( WITH GOOD VOLUMES) AND CONTINUE IT'S UPWARD MARCH


OR WILL IT COME DOWN FROM THESE LEVELS ??

NIFTY 31.05.10 (B)

NIFTY DAILY CHART:

"AMAZING" TRENDLINE: THE  ABOVE TRENDLINE STRETCHES FROM 6357 (ALL TIME HIGH) TO 5098 ( 31.05.10) LEVELS

ALONG THE WAY IT HAS TAKEN SUPPORT AT VARIOUS LEVELS( SMILEY)


IN MY NEXT POST  CLOSE UP OF THE ABOVE CHART IS GIVEN TO UNDERSTAND THE IMPORTANCE OF THE ABOVE TRENDLINE