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Wednesday, August 18, 2010

Biggest rally since 2000 to continue for next 2.4 years may become biggest rally in history :: Source:Global Trade ::


Rally which started on 6th July 2010 will continue for next 2.4 years minimum without any major correction. Best gains will come to long term investors

China, Hong Kong and Australia gained in today's trade and Europe is all positive on indexes. USA indexes are up and Futures are also up today.

Big rally in Asian Markets Tomorrow on 18th August, NIFTY and Sensex may go up sharply after gap up opening tomorrow and in the coming 14 days NIFTY and Sensex will scale new highs!

Engine of global stock markets which is USA FED's investments in USA securities is increasing the treasuries prices and this is resulting in money flow into the stock markets. M3 sharp increase by 2 Trillion US $ pumped indirectly into the Global economy is going to result in New all time Highs of stock markets world wide. Seller's of stocks including many Mutual Funds and Insurance companies who have disinvested may run to buy again at higher levels giving further boost to the markets.
Present Indian stock values you may never see again in the future any time these will go very high. Investors must hold on to their stocks for medium to long term. Do not buy Options and Futures in big way as you may loose lot of money in these. Same capital invested in blue chips will give you mega returns.

Nifty TECHNICAL ANALYSIS
Nifty made inverted hammer today if tomorrow makes a Bull candle up trend will continue. Falling wedge pattern is formed without an upside closing break out. Falling wedge is bullish sign on NIFTY chart.

Reliance Technical Analysis (Closing 971.5)
Reliance chart shows a falling wedge, very bullish sign and very major upside. Candle stick also indicates a morning star. Reliance support level is Rs 960 and resistance at Rs1007 which it will over come and go past to 1095 a major resistance level. Maximum resistance may come at Rs1150. Elliot wave 3rd leg target Rs1350 in near future.

Tata Steel Technical Analysis (Closing 514.50)
Tata Steel target for next wave is Rs 600, Tata Steel is bullish trend and uptrend and will continue to make a new high. Long term trend line support at 506 violation of 506 definite closing below will generate a sell signal in Tata Steel. Resistance is at 547 which is of minor nature.
Tata Steel made a falling wedge which is bullish sign.


Source: "Global Trade"

OM SHRI GANESHAYA NAMAH

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