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• Vol. 3 • Issue : 24 • Date : 08-08-2010 to 14-08-2010 • Editor

• Vol. 3 • Issue : 24 • Date : 08-08-2010 to 14-08-2010 • Editor : Narendra Joshi • Sub.Editor : Sharad Kotak • Mobile:9825065387 • •• Address : 115/991, Nirmal Apartment, Telephone Exchange Road, Naranpura, Ahmedabad -380013 • Phone : 27451449 ••

IT IS MARKET OF STOCK NOT STOCK MARKET 3 Astromoney guru
IT IS MARKET OF
STOCK NOT
STOCK MARKET
3
Astromoney guru
VOLUME ANALYSIS ON PRICE 9 A. Shivkumar
VOLUME
ANALYSIS ON
PRICE
9
A. Shivkumar
NIFTYSOMEWHERE DOWNTREND: 13 CORRECTIONIS SEEN Trading Guide
NIFTYSOMEWHERE
DOWNTREND:
13
CORRECTIONIS SEEN
Trading Guide

CRITICAL SUPPORT AT 5344

- 07/08/2010. The support at 5344 continues to provide strong support to the market. This level has managed to hold the market for the past three weeks and as a result it has become a critical support level. Currently the support level for Sensex is at 17833 and Nifty 5344. In case the market breaches the above mentioned levels, a short term trend

reversal will be signaled and the

market will then head towards the next major support which is at Sensex 17373 and Nifty

5210.

TECHNICALLY SPEAKING. The Sensex opened the week at 17911, made a high of 18295, a low of 17911 and closed the week at 18143. The Sensex gained 275

points on a weekly basis. Similarly Nifty opened the week at 5369, made a high of

closed with the week with a gain of 72 points. On the weekly charts both Sensex and Nifty have formed a big white body candle. Nifty has managed to form a bullish Harami pattern if we consider last two weeks candles. On the

pattern if we consider last two weeks candles. On the 5487, a low of 5351 and

5487, a low of 5351 and closed the week at 5439. The Nifty too

daily charts both the indices have formed a small black body spinning top, which is a neutral formation. Hence the onus will lie on the market movement on Monday. Sensex and Nifty have formed higher bottoms at 17838 and 5349 respectively as compared to Sensex 17373 and Nifty 5210. The short term trend will be in danger only

if both the indices close below their respective higher bottoms i.e. Sensex - 17838 and Nifty - 5349. In such a case a short term down trend will be triggered and the market will then head towards next major higher bottom which is at Sensex 17373 and Nifty 5210. One need not worry about the medium term as long as the level of 17373 for

Continue on

7

Weekly Review for the Week July 9th to 13th 2010

Nifty: (5439) Sensex: (18144) 6.8. 10 We said ‘Now the

regions and the market still is sluggish in the coming weeks and level of even 5225-5100 is

Weekly Review PRAKASHGABA CFT, MSTA (Londen) A professional Technical Analyst and a Trader based in
Weekly
Review
PRAKASHGABA
CFT, MSTA (Londen)
A professional Technical Analyst and a
Trader based in Bombay & Runs his own
consultancy
http:// www.prakashgaba.com
Email:prakashgaba@hotmail.com
Tel : 093222-10907

market looks a bit uncomfortable despite closing above the crucial support of 5350 and I would say that the market has a selling pressure in the upper

not ruled out’ Well the market reached once again a high of 5497 which is very close to our target of 5493 and to a great extent the target is

achieved. Technically the targets ere achieved and the market is also finding selling pressure near the higher levels and so I would not be surprised if the market remains sluggish… The crucial support for the Nifty is 5350- 5225- 5100 and strong resistance at 5493

-5511

The support for the Sensex is at 18000- 17850-17500-16950 and strong resistance at 18356 From a trading point of view I would continue to book profits on the way up

RELIANCE group stocks underperforming after comprise & Nifty below 5380 Caution Nifty (5439) has closed
RELIANCE group stocks
underperforming after comprise &
Nifty below 5380 Caution
Nifty
(5439)
has
closed
positive
+72points breaking
could have negative
implication could set-
in, this market looks
previous
fancy 5477 to
make it 5487
till Nifty is
not able to
close above
5525 on 3-
4days closing
confirmed only below
5350. Breaking below
5350 we can possibly
see 5200 & 5070 on
A.K.
Prabhakar
Equity Analyst
Website:
info@akprabhakar.com
akprabhakar.equity@gmail.com
www.akprabhakar.com
the downside. Nifty
long term moving
average supporting
market 200DMA
which 5126 and
100DMA is 5238
without close below
basis then rising wedge
in rising market which
weak technically and
weakness can be
5300 for 2-3days major
Continue on
8
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3 08-08-2010 to 14-08-2010
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It is market of stock not stock market If you are stock day trading out
It is market of stock
not stock market
If you are stock day
trading out of
addiction, you are
unintentionally
flushing your money
down the toilet. You
come under greed or
panic some time while
if you are investing
through mutual funds
then NAV of particular
mutual funds is not
might not realize it,
rationalizing your
"investment" options
as you watch your
wealth dwindle with
each trade. Regardless
of your investment
style, you must rein in
emotion if you expect
long-term
profitability in
investments. In this
article, I'm going to
share with you the
similarities between
typical addictions and
stock market
addictions.
Recognizing these
characteristics is your
first step to
conquering the
addiction, and will
result in greater
profitability, addiction
or not. Active trading
has a higher degree of
perceived control
than passive trading,
and this can be
dangerous. It's one of
the arguments traders
make against using
mutual funds. The
argument is that by
active trading, one can
nimbly trade around
market circumstances
that funds cannot.
Forget that the fund
manager is more
qualified than the
trader 99 times out of
100. When you invest
in stock market and
keep watching ups and
down movement you
shown every minute
at TV , you think you
are saved . While if
stock market is up
then only you're Units
of mutual funds is up
since it under lock in
period so you remain
invested in mutual
funds. If you apply
same technique in
your stock investment
then you may earn
many folds as compare
to any mutual funds.
Only thing you should
avoid two things
Greed and panic while
trading in stock
market.
I am not against
mutual funds but
invest in stock market
as per your choice and
test is more safe. If
you use finical
astrology you may
earn better since you
are advised to invest
as per your stars .As
per Astro-economics
stars play very
important role to
every individual to
become wealthy and
healthy. You have
seen that
Once again it is not
you who earn to
loose, it is your stars
make you to earn or
loose, otherwise
same terminal, same
advice many earn
many loss what is this?
It is your fates which
make you to earn.
Therefore check your
horoscope with finical
astrologer only not
with any astrologer
about your fate first
before trading.
Active trading is
exciting. With great
risk comes the
potential for great
reward, and this
reward is usually met
with the release of the
chemical dopamine in
the trader's brain. The
presence of this
chemical means that
trading is more than
just a psychological
addiction-it can
actually border on a
physical one. These
are the same
characteristics of a
gambler. Another
similar characteristic
between trading and
gambling is the
potential for a quick
buck, or easy return of
money. Exacerbating
this is the fact that it's
possible to receive a
disproportionate
amount of return
through the use of
margin and leverage.
Another problem with
addictions like trading
and gambling is
perpetuation, a form
of
passive
enablement. With
each passing trade,
the addiction is
reinforced, regardless
of whether the trade
was a failure or
success. A successful
trade brings about the
desire for a repeat
performance, while a
failed trade brings
about the need for
redemption or to
make back that lost
amount. Let's not lose
sight of our goals.
Trading is about
making money, plain
and simple. But to
make money, you
have to realize the
Continue on
8
Breakout not sustaining but below 5340 only caution advised Nifty has closed higher 71 points
Breakout not sustaining
but below 5340 only
caution advised
Nifty has closed
higher 71 points at
5439 this week and
it has not been
cent high at Rs
1950. Now it consoli-
dates near current
1840
MAX
(Rs
162.75):-
able to sustain
above 5477
which was pre-
vious 52-week
high. As long as
it maintains
above 5340 the
trend should be
Hot Talk
Tanmay G
Purohit CFA
Ph: 98506 95994
EMail: tgp81@in.com
Web Blog : www.tanmaygopal.com
This stock
has remained
steady in spite
of market ral-
lies or market
falls too, actu-
ally it is show-
ing accumula-
tion formation
regarded
higher, below that
deeper correction
towards 5200 is not
ruled out.
LT (Rs 1801):-
The stock has fallen
sharply from its re-
levels and fall below
Rs 1750 may bring
more selling into the
counter
Sell Rs 1810-1815
for target Rs 1750,
keep stops above Rs
where now vol-
umes are also
started coming. It
looks good for 8-
10% rally at least.
Buy Rs 161-163 for
target Rs 172, keep
stops below Rs 155.
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Nifty
Sup. 5400
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NIFTY VIEW Nifty has support at 5400 resistance at 5500 & 5580.Nifty is still bullish with respect to weekly chart. Investor should buy on decline.

SOME STOCKS FOR POSITIONAL BUY

STOCKS

SUP.

S. L

TARGET

ABIRLNUVO

800

790

850

ONMOBILE

270

250

210…330

ROLTA

170

165

180…185

TTML

22

20

26

VIDEOIND

220

210

240

WELCORP

245

240

260

BALRAMC

82

80

88

GRASIM

1850

1820

1950

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5 08-08-2010 to 14-08-2010
5
08-08-2010 to 14-08-2010

NEXT WEEK TREND DECIDER READY FOR BREKOUT EITHER SIDE

The Sensex leapt above the jinxed 18,000 mark last Monday, aided by strong auto sales numbers for July and pick up in monsoon rains. Though there was a perceptible deceleration thereafter, the index managed to close the week above this level. Small-cap stocks joined the ongoing party in a big way last week; some surfacing from a multi-year hibernation to feature in the top gainers list on BSE. As the earnings season peters out, Indian stocks will increasingly turn their eyes outward for cues. The FOMC meeting and the Federal Reserve Chairman, Mr

Ben Bernanke’s statement following it will set the course for stocks over the short- term. Investors also need to monitor the

Foreign institutional investors continued to support stock prices over the past week while domestic institutional

stock prices over the past week while domestic institutional dollar movement. The greenback has been spiralling

dollar movement. The greenback has been spiralling lower against other currencies over the last two weeks. Erosion in value of this safe haven asset can accelerate funds inflows into high growth economies such as ours.

were selling incessantly. Turnover in the derivative segment was muted though open interest is already nudging Rs 1.5 lakh crore. Oscillators in the daily chart moved in to bullish region in the beginning of the week

but they began sagging again as the week

term view last week and had arrived at the

medium-term target

of

then

18,356

and

and had arrived at the medium-term target of then 18,356 and progressed. Momentum indicators in the

progressed. Momentum indicators in the weekly chart are trudging sideways in a narrow band since last August reflecting the sideways trend in the index over the medium-term. We had briefly reviewed the long-

conclusion that this view is turning positive. The medium- term trend in the Sensex however continues to be sideways. If we consider the e-wave counts of the move from February low, the index has the

19,271. Minor counts of the move from May low of 15,960 also give us a likely target around 18,600 and beyond that at 19,300. In other words, the Sensex could meet its nemesis again in the zone between 18,300

Continue on

8

NOW SOME PAGES OF THE ECONOMIC REVOLUTION IS AVAILABLE ON MONDAY ON THIS WEB AND
NOW SOME PAGES OF THE ECONOMIC
REVOLUTION IS AVAILABLE ON MONDAY ON THIS
WEB AND WHOLE ISSUE WILL BE AVAILABLE ON
TUESDAY ONLY. IF YOU WANT WHOLE ISSUE ON
MONDAY EARLY MORNING IN YOUR E MAIL
SUBSCRIPRIONSUBSCRIPRIONSUBSCRIPRIONSUBSCRIPRIONSUBSCRIPRION
ONLONLONLONLONLYYYYY RS.1000RS.1000RS.1000RS.1000RS.1000
PERPERPERPERPER YEAR,YEAR,YEAR,YEAR,YEAR, WITHWITHWITHWITHWITH THISTHISTHISTHISTHIS ISSUEISSUEISSUEISSUEISSUE GEGEGEGEGETTTTT GUJARAGUJARAGUJARAGUJARAGUJARATITITITITI VERSIONVERSIONVERSIONVERSIONVERSION FREEFREEFREEFREEFREE
7 08-08-2010 to 14-08-2010
7
08-08-2010 to 14-08-2010

Lion’s Roar

Cont. from Pg. 1

the Sensex and 5210 for the Nifty remains intact. As long as the

up to down, if the 50dma is breached. 50dma for the Sensex is at 17618 and Nifty

Sell signal as % K has cut % D from above. While the OBV and RSI continues with their

INDEX LEVELS : S3 S2 S1 CLOSE R1 R2 R3 Nifty 5300 5525 5568 Sensex
INDEX LEVELS :
S3
S2
S1
CLOSE
R1
R2
R3
Nifty
5300
5525
5568
Sensex
17678
5344 5390 5439
17833 17990 18143
5477
18265 18414
18566

LAST WEEK’S RECOMMENDATIONS

Majority of the recommended stocks reached their targets except for M&M and Spice Jet. But the star performer of the past week was Bank of India and Jain Irrigation.

23456789012345678 23456789012345678 23456789012345678 23456789012345678 STOCK Rec. Tgt Reached Lot Profit
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STOCK
Rec.
Tgt
Reached
Lot
Profit
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price
size
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Buy BoB
752
768
782
500
Rs.15,000
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Buy BoI
410
428
445
1000
Rs.35,000
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Buy M&M
661
675
670
250
Rs.2,250
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Buy JainIrrig
1235
1272
1315
250
Rs.20,000
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234567890123
234567890123
Buy SpiceJet
62
66
64
4000
Rs.8,000
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Total
Rs.80,250
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THIS WEEK’S RECOMMENDATIONS :

STOCK Buy MundraPort Buy DishTV Buy BhushanSteel Buy HIndujaVent Buy LiC Hsg CMP SL Tgt-1
STOCK
Buy MundraPort
Buy DishTV
Buy BhushanSteel
Buy HIndujaVent
Buy LiC Hsg
CMP
SL
Tgt-1
Tgt-2
784
776
797
812
49.80
48.50
51.70
54.10
1641
1624
1672
1704
450
438
477
505
1179
1165
1201
1224
market remains above
the 20dma, the short
5287.
Oscillators
are
buy mode. ROC
continues in its buy
term trend will remain
positive. The
painting
a
mixed
mode by staying in the
positive zone.
20dma
for
the
WATCH OUT FOR
Sensex
falls
at
But the area of
concern is the
OUT FOR Sensex falls at But the area of concern is the continues to be at

continues to be at 27 justifying the strength in its uptrend. The Directional Indicators continue to be in buy

high of 18295 last week, which is almost just below the 78.6% level of 18315. Since last October,

strike of 5600. The data clearly suggests that the Nifty is likely to move in a trading range from 5300 on the lower

is likely to move in a trading range from 5300 on the lower mode. Both Sensex

mode. Both Sensex and Nifty have completed a bullish flag pattern breakout and as a result the target for that will be Sensex - 18732 and Nifty - 5609. If we look at broader picture, then we are still correcting the fall of the Sensex from 21206 to 7697 and Nifty from 6357 to 2252. Since both the indices have managed a close above their 61.8% retracement levels, the next possible target will be Sensex 18315 and Nifty 5478 which are the 78.6% retracement levels of the entire previous fall. Nifty has managed to reach 5478 two weeks back, while the Sensex has managed a

the market is moving in a rising channel and the channel top has provided strong resistance to the market and that supply trendline top falls at Sensex 18414 and Nifty 5525. Both the rising channel trendline top and the 78.6% retracement levels are very near to each other and hence Sensex and Nifty are likely to find difficulty in crossing over 18315-18414 and

5478-5525

respectively. The O.I.PCR is quite bullish at 1.59. Highest Open Interest build up is seen at 5300 strike Put and hence it is expected to provide strong support in the short term. Strong Call writing is visible at the

side to 5600 on the higher side for the August series.

Sensex has strong trendline resistance which is also the rising channel top at 18414. The trendline support for the Sensex is at

17833.

Nifty has strong trendline resistance which is also the rising channel top at 5525. The trendline support for the Nifty is at 5344. For the week ahead, Sensex will find Support at 17990- 17833-17678 and will find Resistance at

18265-18414-18566.

For the week

ahead, Nifty will find Support at 5390-5344- 5300 and will find Resistance at 5477-

5525-5568.

Astromoney Guru

Cont. from Pg. 3

difference between

become a better

speculators

since

when you are trading

trader. It is once again

speculations

has

and when you are

that is market of stock

different

rules

and

gambling. If you can

not stock market.

regulations

and

successfully master

Every body that trade

trading

and

that psychological

through stock market

investment

carry

stumbling block, you

are known traders or

different

rules

and

will most definitely

investors not the

regulations.

Trad with Trend

Cont. from Pg. 4

ING CALL

BUY

 

&

STRONG TECHNI-

(

BSE

CODE—

(

BSE

CODE—

CAL

BREAKOUT

511016 )

506194 )

KEEP STOPLOSS

ALSO

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18019 and Nifty at 5411. The intermediate trend will be reversed from picture. MACD continues
18019 and Nifty at
5411.
The
intermediate trend
will be reversed from
picture. MACD
continues in its Sell
mode. Stochastic
oscillator has given a

negative divergence which is seen on the oscillators like MACD, RSI and ROC. The ADX

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9 08-08-2010 to 14-08-2010
9 08-08-2010 to 14-08-2010
9
08-08-2010 to 14-08-2010

Volume analysis on price

In n order to comprehend how the above statement (both in concept and in practice) represents a true and accurate assessment of market dynamics, a trader

unless and until the Volume Cycle Sequences reach completion, the current Price Trend cannot end. In general terms: if Volume is increasing,

recommend reviewing the plethora of threads already in existence as I have no plans to engage in yet another long drawn out Lincoln-Douglas, Presidential or

thoroughly, correctly and consistently annotate a chart across three separate trading fractals. By learning to see the visual cues provided by Price and Volume (Trend Lines and Gaussians), a trader can develop the ability to see the Price / Volume Relationship at work. I expect a number of questions with respect to the need for me providing clarification on a number of posts moving forward.

and long held belief systems. Contradicting conventional orthodoxy and religious dogma, when it comes to individual trader beliefs, often creates an almost visceral response from those who feel (for some unknown reason) threatened by the mere discussion of alternative viewpoints than exposed in the mainstream literature. Again, I have no desire to debate the validity

using the only tools you’ll ever need – a chart and your own brain. Lastly, the

market speaks on every single bar delivering its signals to the trader in a timely fashion – and well in advance of the next trend. It turns out; one need not know how long a particular trend

will

One only need know the signals for when a particular trend has come to an end. As all trends overlap, where one trend ends, the next trend begins. The basic principles involved in learning The Price / Volume Relationship require no more than a few paragraphs to articulate. The repeated and consistent application of those principles onto the market

last.

application of those principles onto the market last. needs to understand the basic structure then the

needs to understand the basic structure

then the Price Trend is continuing. Such is the

Academic style debate. Rather than create yet another environment for posting opinions or sowing the seeds for epic battles over dogmatic philosophies, my goal here is to provide a framework, for anyone with an interest, to learn how to learn to ‘see’ the Price / Volume Relationship at work as shown through the fractal nature of all markets. In other words, this thread isn’t about me teaching people to trade, ‘calling’ trades or

seeking converts to a new religious cult. This thread is about the individual trader developing the skills needed, and the knowledge required, to learn to trade based

Previous Week performance Nifty for 02/08/2010 to 06/08/2010: Nifty CMP-5367 [ Key for down trend
Previous Week
performance
Nifty for 02/08/2010 to 06/08/2010:
Nifty CMP-5367 [ Key for down trend
is now 5330-5300 then target 5250-
5220. for up move from here 5420] -
Trend FLAT/Bearish.
Scripts +ve side : IRB, COX&King,
Elgiequipment, M&M and
Tatachemicals
Investment : Reliance
Scripts –ve side : Bank stocks.

of all markets and how such markets operate. Since all markets represent a fractal nature, it turns out, Mandelbrot had it right

essence of the Price / Volume Relationship. Much debate has ensued over the years with respect to whether or not Volume represents helpful and / or useful information with respect to

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Nifty for 09/08/2010 to 13/08/2010:

Nifty CMP-5439 [ Key for down trend

is now 5330-5300 then target 5250-

5220. for up move from here 5450] -

Trend FLAT/Bearish

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Everyone should feel free to post as frequently as necessary in order to completely comprehend the various aspects of The Price Volume Relationship as presented. I encourage active participation from those attempting to learn. In addition, everyone can expect to see plenty of information which flies in the face of conventional wisdom

of that which I use to trade on a daily basis. Anyone who feels they ‘know best’ or simply considers the information already presented devoid of value, should stop reading immediately. To reiterate, this thread will not teach you to trade. If you are looking for a canned set of rules for entry and exit, look elsewhere. However, this thread will teach you to learn how to teach yourself to trade

represents the bulk of the effort required of the individual.

If u want to know aboutTechnicalanalysis classes conducted by me, send the details about you to tipssbsense@yahoo.in I will revert back with course details. Please mention the reference as THE ECONOMIC REVOLUTION

all along. By correctly and thoroughly applying a framework,

 

National Aluminium FY10 net profit dips 36%

in

an effort to ‘see’ the

understanding Price change. In addition, those individuals

 

various fractals

operating on a market,

on the market says, instead of what the trader believes (or I post). So, what can one expect from this thread? Over the next few posts, I plan to detail the fundamental building blocks used in order for a trader to

what

a

trader can begin to

who do find value in Volume analysis have long argued their viewpoint for the best methodology for divining the information from Volume itself. For those interested in continuing such discussions, I

 

ended March 31, 2010 as compared to Rs

see the Price / Volume Relationship at work – all day, every day. Succinctly, unless and until the components of one fractal reach completion, the next slower fractal cannot begin. It trading terms,

Total Income has decreased from Rs 56309.10 mn for the year ended March 31, 2009 to Rs 55477.00 mn for the year ended March 31, 2010. National Aluminium Company Ltd has posted a net profit after tax of Rs

year ended March 31, 2010. National Aluminium Company Ltd has posted a net profit after tax

8142.20 mn for the year

mn for the

year ended March 31,

2009.

Total Income has

decreased from Rs

mn for the

year ended March 31, 2009 to Rs 55477.00 mn for the year ended March 31, 2010.

56309.10

12722.70

IFNOTAVAILABLEINMUMBAI CALLOURDISTRIBUTOR : PHONE (022)30224757

IFNOTAVAILABLEINMUMBAI CALLOURDISTRIBUTOR : PHONE (022)30224757

11 08-08-2010 to 14-08-2010 OUR PERFORMANCE STOCKS REC. HIGH TGT PRICE /LOW NIFTY 5374 5483
11
08-08-2010 to 14-08-2010
OUR PERFORMANCE
STOCKS
REC.
HIGH
TGT
PRICE
/LOW
NIFTY
5374
5483
BANK NIFTY
10126
10498
CESC
395
403
CIPLA
326
127
CAIRN
335
348
PATNI
469
431
3TAR. ACHVD.
3 TAR. ACHVD.
1 TAR. ACHVD.
2 TAR. ACHVD.
3 TAR. ACHVD.
3 TAR. ACHVD.
DR. DIPESH GOHIL Mo. 9727990980 veenmoney@gmail.com NAME : NIFTY BUY ABOVE : 5442 RES-1 :
DR. DIPESH GOHIL
Mo. 9727990980
veenmoney@gmail.com
NAME
: NIFTY
BUY ABOVE
:
5442
RES-1
: 5480
RES-2
: 5499
RES-3
: 5530
SELL BELOW
:
5442
SUP-1
: 5409
SUP-2
: 5375
SUP-3
: 5353
NAME
: BANK NIFTY
BUY ABOVE
:
10380
RES-1
: 10450
RES-2
: 10500
RES-3
: 10580
SELL BELOW
: 10380
SUP-1
: 10194
SUP-2
: 10095
SUP-3
: 10025
NAME
: ONGC
BUY ABOVE
:
1230
RES-1
: 1246
RES-2
: 1269
RES-3
: 1278
SELL BELOW
: 1230
SUP-1
: 1208
SUP-2
: 1192
SUP-3
: 1175
NAME
:
SBIN
BUY ABOVE
:
2620
RES-1
:
2635
RES-2
:
2650
RES-3
:
2662
SELL BELOW
:
2620
SUP-1
:
2600
SUP-2
:
2590
SUP-3
:
2512
NAME
: TATAMOTOR
BUY ABOVE
:
893
RES-1
: 903
RES-2
: 911
RES-3
: 920
SELL BELOW
: 893
SUP-1
: 882
SUP-2
: 871
SUP-3
: 842
NAME
: TCS
BUY ABOVE
:
864
RES-1
: 872
RES-2
: 880
RES-3
: 887
SELL BELOW
: 864
SUP-1
: 858
SUP-2
: 852
SUP-3
: 842

Time to go fishing

Dinesh Nagpal Ph: 9830039085 EMail: bluechips4u@gmail.com

Dinesh

Nagpal

Ph: 9830039085

EMail: bluechips4u@gmail.com

Nifty has made a new high bouncing from 5350, but it has not managed to hold those levels mainly due of lack of support of volumes and support from heavyweights like RELIANCE. Jesse Livermore one of the best traders of all time has written “There are times when I buy and only

all time has written “There are times when I buy and only buy, there are times

buy, there are times when I sell and only sell and there are times when I go fishing.” The market currently is in that phase where there is no participation from large caps and volumes over all are very poor. Avoid large exposures in stocks both long and short, and keep a very strict stop loss. Nifty appears to be within the range of 5350 – 5475. Trade within the range and on direction of breakout. Support for the week comes in at 5365 / 5290 / 5230. Resistance comes in at 5500 / 5560 / 5635

Stock Picks for the week. Tech Mahindra (722)

/ 5560 / 5635 Stock Picks for the week. Tech Mahindra (722) The stock is not

The stock is not able to trade above its key moving averages. Short for a target of 685 with a stop loss of 740.

MTNL (67.55)

for a target of 685 with a stop loss of 740. MTNL (67.55) After a recent

After a recent phase of consolidation in daily charts the stock is again showing signs of a rally. Buy for a target of 77 with a stop loss of 64.50

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13 08-08-2010 to 14-08-2010
13 08-08-2010 to 14-08-2010
13
08-08-2010 to 14-08-2010

NIFTY SOMEWHERE DOWN TREND: CORRECTION IS SEEN

previously

indicated that nifty

will have dome correction at the weekend, and have

As

present with investors choosing to wait for the crucial U.S. jobs data. Hero Honda, Tata Steel, Tata Consultancy

U.S. jobs data. Hero Honda, Tata Steel, Tata Consultancy some short towards 5350. Previous week, market

some short towards 5350. Previous week, market shows some less movement with good volume. This indicates that investors are waiting for time to book profit or shorting of scrips. The Nifty is down 9.45 points or 0.17% at 5437.65, well off the day’s high of 5471.90. Asian markets ended on a mixed note at the weekend. The trend in the European region is also a bit mixed at

Services and DLF are down by 1.3% - 1.6% now. Hindalco and ONGC have lost 1.15%

1.05%

respectively. State Bank of India is down

nearly a percent at Rs 2621. Reliance Infrastructure, Bharti Airtel, BHEL, Reliance Industries, Sterlite Industries, HDFBA, Larsen & Toubro, NTPC

Infosys

and

and

Technologies are also trading weak. Nifty stocks Kotak Bank,

Cairn India, SAIL, Suzlon Energy, HCL Technologies, Axis Bank and Siemens are down with notable losses. Tata Motors rules firm with a sharp gain of 3.6%. ITC, ACC, GAIL India, HDFC, Jindal Steel and Power Grid Corporation are up 1% - 2% on sustained buying support. Idea Cellular, Sun Pharmaceuticals, Ambuja Cements, Cipla, Mahindra & Mahindra and Unitech are up with modest gains. IFIC has lost over 6% on selling pressure. Andhra Bank, Oracle Financial Services, Federal Bank, Ashok Leyland, Patni Computer Systems, United Spirits, IDBI Bank, Bank of Baroda, Crompton Greaves, HDIL, Mangalore Refineries & Petrochemicals and Syndicate Bank are also down with sharp losses.

INTERNATIONAL INSTRUMENTS:-

Syndicate Bank are also down with sharp losses. INTERNATIONAL INSTRUMENTS:- Continue on 14 A MULTY ANALYST
Syndicate Bank are also down with sharp losses. INTERNATIONAL INSTRUMENTS:- Continue on 14 A MULTY ANALYST
Syndicate Bank are also down with sharp losses. INTERNATIONAL INSTRUMENTS:- Continue on 14 A MULTY ANALYST
Syndicate Bank are also down with sharp losses. INTERNATIONAL INSTRUMENTS:- Continue on 14 A MULTY ANALYST
Syndicate Bank are also down with sharp losses. INTERNATIONAL INSTRUMENTS:- Continue on 14 A MULTY ANALYST

Continue on

14

A MULTY ANALYST WEEKLY ON LINE

A MULTY ANALYST WEEKLY ON LINE

15 08-08-2010 to 14-08-2010 NIFTY NOW IN THE RANGE OF 5350-5480 STILL PLAY T 20
15 08-08-2010 to 14-08-2010
15
08-08-2010 to 14-08-2010

NIFTY NOW IN THE RANGE OF 5350-5480 STILL PLAY T 20 IN NIFTY THERE IS NO CLEAR TREND

DEAR FRIENDS OF THE ECONOMIC REVOLUTION NIFTY NAMASKAR,

FLY AROUND WHAT HAPPENED THIS WEEK BACK OF SUPERB RESULT OF

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EVERYDAY THERE IS NEW THEME IN THE MARKET ONE DAY BANKS ANOTHER IT SECTOR LIKE THIS WEEK WE SAW SHIPPING AND DIGITAL CABLE SECTOR.

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FRIENDS WE HAD DISCUSSED LAST WEEK THAT PLAY T20 GAME IN NIFTY THERE WILL NO FUN IN NIFTY AND YOU WILL NOT GET MORE THEN 20 OR 30 POINTS IN NIFTY MARKET IS IN VERY NARROW RANGE AND REALLY NOTHING IS HAPPNING OUT THERE EVERY DAY MARKET PICK UP ONE THEME AND ALL STOCK FROM THERE SECTOR WILL

COGNIZANT IT SECTOR STOCKS WERE FLYING AROUND SOME ONE ARGUE THAT THERE IS GOOD MONSOON SO INFLATION WILL COME DOWN SO RBI WILL NOT RISE INTEREST RATES THAT'S WHY BANKS STOCKS ARE RISING AND PEOPLE ARE ASKING WHY RELIANCE IS NOT MOVING AND LIC

HOUSING OR TATA MOTOR IS FLYING AROUND I HAD SEEN TRADERS SHORING THIS STOCKS REALLY

REALLY BULLISH MOMENTUM IN THIS STOCKS BUT I WANT TO ASK WOULD YOU BUY STOCKS LIKE HATH

THIS STOCKS BUT I WANT TO ASK WOULD YOU BUY STOCKS LIKE HATH GET KILLED BY

GET KILLED BY MARKET MOMENTUM IN THIS

WAY CABLE OR WWIL AFTER 20 TO 30% RISE

HAD SEEN LOTS OF TRADERS STUCK IN BANK NIFTY AS THEY KEEP ON SHORTING BANK
HAD SEEN LOTS OF TRADERS STUCK IN BANK NIFTY AS THEY KEEP ON SHORTING BANK

HAD SEEN LOTS OF TRADERS STUCK IN BANK NIFTY AS THEY KEEP ON SHORTING BANK STOCKS FRIENDS WE

BANK NIFTY AS THEY KEEP ON SHORTING BANK STOCKS FRIENDS WE HAD GIVEN BUY CALL ON
HAD GIVEN BUY CALL ON ALL PSU BANKS IN OUR PREVIOUS COLUMN.

HAD GIVEN BUY CALL ON ALL PSU BANKS IN OUR PREVIOUS COLUMN.

STOCKS. NOW THERE IS BUZZ IN THE MARKET THAT MIDCAP STOCKS WILL RISE TEHRE IS

IN ONE WEEK VERY DIFFICULT TO JUDGE HOW LONG THIS STOCKS WILL FLY AROUND ONE OF OUR

CLIENT CAME AND SAID YOUR VIP IND REALLY WENT 350 TO 440 IN NO TIME BUT

THERE IS NO RETAIL PARTICIPATION THEN TO WHOM OPERATOR AND FILL WILL SELL

• • FOCUSFOCUSFOCUSFOCUSFOCUS ONONONONON MIDMIDMIDMIDMID CAPCAPCAPCAPCAP THERETHERETHERETHERETHERE
FOCUSFOCUSFOCUSFOCUSFOCUS ONONONONON MIDMIDMIDMIDMID CAPCAPCAPCAPCAP THERETHERETHERETHERETHERE WILLWILLWILLWILLWILL
LOTSLOTSLOTSLOTSLOTS OFOFOFOFOF BUZZBUZZBUZZBUZZBUZZ THERETHERETHERETHERETHERE NOWNOWNOWNOWNOW IIIII
WANTWANTWANTWANTWANT ASKASKASKASKASK ALLALLALLALLALL OFOFOFOFOF YOUYOUYOUYOUYOU THATTHATTHATTHATTHAT
WOULDWOULDWOULDWOULDWOULD YOUYOUYOUYOUYOU BUYBUYBUYBUYBUY WWILWWILWWILWWILWWIL PRIMEPRIMEPRIMEPRIMEPRIME
FOCUSFOCUSFOCUSFOCUSFOCUS OROROROROR HATHHATHHATHHATHHATH WAYWAYWAYWAYWAY CABLECABLECABLECABLECABLE
AFTERAFTERAFTERAFTERAFTER 3030303030 TOTOTOTOTO 40%40%40%40%40% RISERISERISERISERISE INININININ ONEONEONEONEONE
OROROROROR TWOTWOTWOTWOTWO WEEK.WEEK.WEEK.WEEK.WEEK. ??????????

ACTUALLY RAKESH JHUNJHUNWALA HAD PICKED THAT STAKE IN THAT STOCKS THAT'S WHY SEE PRIME FOCUS IN THIS COMPANY ALSO HE IS HAVING STAKE DID YOU SAW THE MOVEMENT FROM 330 TO 500 IN NO TIME REALLY ONE SHOULD REALLY ALERT AT THIS STAGE BUT THERE IS ONE ARGUMENT IN MARKET THAT STILL

THE STOCKS FRIENDS I HAD TOLD YOU EARLIER COLUMN THAT MARKET WILL FIND ITS ON WAY IT WILL GET REASON TO RISE OR REASON TO FALL ONLY YOU HAVE TO BE ALERT IN THE MARKET IF YOU REALLY WANT TO MAKE YOUR WEALTH ALWAYS TRADE WHAT YOU SEE NOT WHAT YOU THINK.

Govt plans to sell TRADING LEVEL -07-August-2010 ,IOC: Sr_ Scrip Close Trade Price Tgt 1
Govt plans to sell
TRADING
LEVEL
-07-August-2010
,IOC:
Sr_
Scrip
Close
Trade
Price
Tgt 1
Tgt 2
Tgt 3
Stop
No
Name
Price
Type
Range
Loss
stake in
report
1
NIFTY
5439
BUY
SELL
BUY
BUY
BUY
SELL
SELL
BUY
BUY
BUY
BUY
BUY
BUY
BUY
SELL
BUY
BUY
SELL
B U Y
BUY
5380-5410
5435
5455
5484
5340
2
NIFTY
5439
5480-5500
5450
5430
5400
5520
3
BANK NIFTY
10383
10180-10220
10280
10340
10400
10120
4
ACC
827
820-828
834
840
850
810
5
AURO PHARMA
952
940-950
960
970
980
932
6
BANK OF INDIA
434
435-440
428
422
418
448
7
BHARAT FORGE 336
336-340
331
327
321
345
The report stated that the proposal,
is for sale of 5% or 10.6 crore equity
shares in ONGC
through a follow
on public offer
(FPO) which at
today’s trading
price of Rs 1,233.25
would fetch the
government Rs
8
BPCL
650
650-655
662
668
674
642
131.89bn
9
BIOCON
316
312-315
318
321
326
309
10
DABUR
203
201-204
207
210
215
195
11
GAIL
437
430-435
441
446
451
424
12
GLAXO
2018
2000-2020
2040
2060
2080
1980
13
GE SHPPING
307
303-306
310
315
318
297
14
INFOSYS
2863
2820-2840
2860
2885
2910
2790
1
5
JET AIRWAYS
6 6 7
670-676
664
658
645
684
16 OFSS
2117
2080-2100
2120
2140
2165
2065
17 REL INFRA
1109
1088-1095
1100
1120
1145
1078
1 8
TATA MOTOR
8 9 3
898-904
890
884
874
914
1 9
TATA STEEL
5 3 1
529-531
535
539
544
524
The government
is planning to sell 5%
of its stake in Oil and
Natural Gas Corp
(ONGC) and 10% in
Indian Oil Corp (IOC)
to raise about Rs
210bn this fiscal,
according to a report.
The report stated that the
proposal, is for sale of 5% or 10.6 crore
equity shares in ONGC through a
follow on public offer (FPO) which at
today’s trading price of Rs 1,233.25
would fetch the government Rs
20
ZEE TELE
307
302-305
308
311
312
298
131.89bn
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17 08-08-2010 to 14-08-2010
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08-08-2010 to 14-08-2010
   

LLOYD’SLISTASIAAWARDSORGANISERS

Queen’s scientists take a step closer to discovering life-bearing planets

The discovery of new life-bearing

planets is a step closer as the result of a new space mission involving physicists from Queen’s University Belfast. Known as PLATO (Planetary Transits and Oscillations of Stars), the mission is designed to seek out planets far beyond earth’s solar system, orbiting stars

in the Milky Way Galaxy. PLATO is one of three missions to share in a £3.65million

challenges of our time and at Queen’s we have been active in this area for many years. Already our SuperWASP experiment, using ground-based telescopes, has discovered 43 ‘exo- planets’ so far.

signatures, or signs of life by later missions and ground-based telescopes.” If selected for full development, the UK, together with other ESA member states, will design PLATO’s scientific instruments and finance its development, while ESA would commission the spacecraft to be built in European industry. Second only to the United

States in space science, the UK's thriving space sector contributes £6.5bn a year to the UK

thriving space sector contributes £6.5bn a year to the UK “We envisage that the new PLATO

“We envisage that

the new PLATO spacecraft would be launched between 2017 and 2020, on a Russian Soyuz Fregat

ANNOUNCE2010SHORTLIST

The best and brightest in the Asian maritime industry are expected to be in at- tendance to witness the 2010 Lloyd’s List Asia Awards honouring excellence in shipping. LONDON – Friday, 6th August 2010 – Lloyd’s List – the world’s flagship news and information source for the global maritime industry – has taken one step closer to the Lloyd’s List Asia Awards with the announcement of the shortlist for this year’s awards due to

be held on 7 October at Singapore’s Marina Mandarin Hotel. More than 450 se- nior executives are ex- pected to attend the

ping has always re- quired a happy confluence of vision, experience and timing and it is these at- tributes which will be honoured at this year’s Lloyd’s List Asia Awards,” explains Colum Murphy, Asia Bureau Chief, Lloyd’s List. “Our shortlist pro- vides much evidence of individuals and companies in Asia who have harnessed these attributes and who have the potential to usher the global mar- ket back to full recov-

ery.” Highlights of the evening are sure to in- clude the announce- ment of the Lloyd’s List Lifetime Achievement

commitment, as evi- denced by the impres- sive talents of the shortlist,” says Murphy. “I look forward to a spectacular evening when – together with primary sponsor Germanischer Lloyd and all of our indi- vidual award sponsors - we will celebrate those in the industry who are making out- standing contributions to maritime shipping.” Further information on attending the 2010

Lloyd’s List Asia Awards can be found on: http:/

/

awards.lloydslist.com/ asia-awards. The shortlisted en- trants for this year’s Lloyd’s List Asia Awards are as follows:

development grant from the UK Space Agency. In June 2011, The European Space Agency will choose two of the three missions to build and launch into orbit between 2017 and

2020.

rocket. We hope it will be powerful enough to detect rocky planets in the habitable zones of sun-like stars, those regions around a star where liquid water can exist. In other words, it could find new earths. “Using a suite of space telescopes on a single spacecraft, PLATO would detect these planets by picking up a brief and tiny dimming of light as they pass in front of their stars, blocking their brightness. “The mission would focus on solar systems close enough to be scanned for bio-

economy and supports 68,000 jobs. The International PLATO Science Consortium involves seven UK institutions (Queen’s University Belfast, Queen Mary University of London, University College London, University of Leicester, Open University, University of Cambridge and Warwick University). Further information on Queen’s Astrophysics Research Centre is available online at http:// star.pst.qub.ac.uk.

gala dinner and glitter- ing celebration of the best and brightest tal- ents in Asian shipping. A total of 17 compa- nies, organisations and individuals will be honoured as Asia con- tinues to prove why it is rapidly becoming the leading force in global shipping. “Success in ship-

and Newsmaker of the Year awards. In addition, 15 other awards will be pre- sented from the high standard of shortlisted entrants. “Weighing and evaluating the entries has been a daunting task, but one that our panel of judges has un- dertaken with huge

Ship Yard of the Year:

Jiangmen Nanyang Ship Engineering Keppel FELS Keppel Shipyard Container Terminal Operator of the Year:

Planet hunter Professor Don Pollacco, from Queen’s School of Maths and Physics, is Principal Investigator of the international PLATO Science Consortium. He said:

“The discovery of life- bearing planets is one of the major scientific and philosophical

Port of Tanjung Pelepas PSA Westports Malaysia

Shipping Corporation plans follow-on public offer

Shipping Corporation of India (SCI), India's largest shipping company, proposes to go in for a follow-on public offer. Besides, the

institutional investors have 13.04% and FIIs

offer, the Government stake will come down further, they said. SCI shares closed at Rs 168.15 on the NSE, down 1.93 per cent on Friday. The market was generally flat with Nifty down by 7.85 points. Except for Essar Shipping which was up six per cent at Rs 115.40 (on news of de-merger of its port business), other shipping stocks such as GE Shipping and Varun Shipping were down two per cent. The company, which is currently in a major expansion drive, has earmarked a capex of Rs 8,000 crore for the next two years.

2.12%.

“We propose to issue fresh equity to raise funds for our expansion plans. The details will be worked after obtaining approvals from the board and the Government,” said Mr Hajara, Chairman and Managing Director, SCI. This would be the third divestment by the Government in SCI. According to analysts, this time the Government may divest 10-15 per cent. With the company also planning a follow-on

TextGuard Announces

Cont. from Pg. 16

Government plans to further divest an unspecified stake in the company. The company, in a notice to the stock exchanges, said its board will meet on August 11 to decide on the two proposals —

and the

FPO

Companies in highly- regulated industries, such as financial services or government, are obligated to preserve communications and to produce these messages when necessary. In addition, SEC and FINRA regulations require financial services firms

to regularly review their representatives’ electronic messages, document these visual inspections and note any actions that result. Depending on the industry, failure to comply with these regulations can result

in fines, loss of license

administrative sanction. In addition, other non-regulated companies have begun to develop internal policies aimed at monitoring employee dissemination through mobile devices of sensitive company information.

Government offer for sale. The Government holds a stake of 80.12% in SCI. Domestic

and

other

GUJARATI HARD COPYAVAILABLE IN GUJARATAND MUMBAI

GUJARATI HARD COPYAVAILABLE IN GUJARATAND MUMBAI