Yearly Archives: 2009

Reliance needs a breather now 1600-1610 Trendline resistance Negative divergence in RSI and Stoch Arrons Oscillator at 100

We have been maintaining our bullish view on the Sugar sector since Nov.08, mainly on the expectations of lower production in the country. When the Govt. has been estimating country’s production at 22 million tonnes (mt) for season 08-09, in Nov. 08, we expected it to be 18.5mt. On collecting details of production on all… Read More »

The Sensex shows a strong bullish divergence on Twiggs Money Flow (13-Week), indicating reversal to an up-trend. Breakout above 10500 would confirm. Respect of resistance, however, would warn of another test of 8000.

The Dow encountered short-term resistance at 8000, but declining volume indicates limited interest from sellers. Twiggs Money Flow (21_day) continues to respect the zero line from below; penetration of the rising trendline would warn of another down-swing, while breakout above zero would signal continuation of the rally. Buyers are driving the market and a test… Read More »

Excellent Triangle Breakout Trade can beInitiated in Cairn India Above 164 we can see 174 and coincidentally it is 61.8% Retracement SL should be 158.

Closing of Nifty near its recent lower level around 2575 has left a hope of a bounce-back . Nature of this bounce can only be decided after viewing the intensity of it .Whenever the formation shown in figure emerges on the charts , it provides a strongchance of a bounce. If nifty would have closed… Read More »

I took some time on Sunday afternoon to read Warren Buffett’s annual letter. I don’t make it an annual practice to read the Berkshire Hathaway (BRK. A) letter as many do (nor have I ever been to the shareholders’ meeting which Buffett calls “Woodstock for Capitalists”). But given that 2008 was a year unlike any… Read More »

Hi all Wish you all a Very Very Happy Holi We had a so-so Week and will look to rock for the week coming forward 2800 CE was a spoil sport in our rocking Options call performance But we tried to cover our loss from ICICI Bank Short Call which gave us rs10 in intra… Read More »

Click on Image to Enlarge Breaking The Flag Pattern 1000 Dollars is a level to be seen