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All the best as touching 4900 is also unlikely in this two days looking at the charts.
the weakness it is showing is fizzling out at 4930. the strenght of weakness will be confirmed if and only it opens below 5040 today and does not cross 5057.
till then any gap down will be used to enter longs with first SL is 5018.
This is what the chart & trend are indicating for the day....
Hi novicer,
Here is the list of possible market outperformers in next 6 months or so.
JINDAL STEEL & POWER
JSW STEEL
IVRCL INFRASTRUCTURE
ABAN OFFSHORE
LANCO INFRATECH
ORBIT CORPORATION...
Hi pkk,
Let me have your e mail address. I will send you the one year chart of Nifty from 27 October 2008 to May 2010. It will show all the major waves since 27 October 2008 til date and future projections til it climbs to 6300+ in next 4-6 months...
Dear sirinivas,
Many thanks for your kind compliments. Nifty found major support at 4538 on 03 November. In my other message I have elaborated how Nifty may rise to about 5150 within next few days.
I strongly recommend you to exit from your stock using the rally of next few days. Market may see minor correction when Nifty is around 5160 or so. When Nifty finds support near 4930, you may buy some High Beta solid mid cap stock. some of these high growth stocks are given here below. You may find their analysis in my home page.
JINDAL STEEL AND POWER
JSW STEEL
ABAN OFFSHORE
ORBIT COROPORATION
LANCO INFRATECH
Wish you all the best...
Dear Khem cho,
All available information is fully factored in Eliott Waves which is another form of Technical Analysis. In Eliott Wave, we simply use higher Fibo number if news flow is contiously positive. So no chance of mistake.
By this method, I elaborate the next level of minor resistance for Nifty which may be seen within 2-3 days.
Highest point for Nifty on 24 November = 5113
Lowest point of Nifty after the above point = 5053
Value Lost = 60
Upward Retracement = 60 x 1.618 = 97
Possible point of Resistance = 5053 + 97 = 5150
Actual resistance may be in the range of 5160-5170 which is confirmed by Nifty chart of last 5 weeks....
I have sold to my heart and brain`s content. Advance thanks if Nifty goes to 4700 by Thursday....
What is your opinion about PunjLloyd pls..It is diving down day by day........
With the deoarture of Narayan Murthy and Nandan from activel roles, the company has gone into status quo management. The energy levels are definitely not the same. Also times have chnaged too. I believe that the best days are over for this gloriuos company. The company will continue to perform above average. But may not create value adition as before.....
Dear HLN:
Thank you for your opinion and your views,truly appreciate.
Regards-Deepak...
wha i willl do for spice iceland. i hav bye that on 12.15 Rs....
Dear HLN,
Welcome back after vacation. A query please- In your wave theory are you giving inputs for the stimulus package, dollar weakness, interest rates, gold rates & other unforeseen factors.
Regards...
Hello Sir,
we missed u sir.. as u said nifty taken support at 4500-4600 levels. I need ur view on Bayer Crop Science - It is vijay mallya company - it crosses 11 years resistance.... It is consolidated for long period. Please provide ur view on this stock
Thanks in advance
Regards,
srinivas...
no...............................oooooooooooooooooooooooo...
Dear Boarders,Do let us know your views and opinions on the poll.-MMB Messenger...
to your heart`s content and earn millions by thursday. target 4700...
