Our Target on Nifty Spot 4900 nearly hit day low 4914 ::: Now Start Buying All 5 stocks recmd ::: Today can add 25% to 50 % of qty remain can be added 2morrow

::: SWING VOLUME PATTERN CHART ::: ::: ITS ALL ABOUT VOLUME GAME :::  

Our Target on Nifty Spot 4900 nearly hit day low 4914

Closing basis nifty is not below 4830 ... intraday may be possible

Next stop for nifty from 4830-4870 will be 5500-5600 (July 2010)

IF IN ANY CASE NIFTY SPOT GIVE 2 DAYS CLOSING BELOW 4830

OUR VIEW WILL CHANGE & MARKET CAN ENTER BEAR ZONE

Now Start Buying All 5 stocks recmd below

Today can add 25% to 50 % of qty remain can be added 2morrow

TATASTEEL BWT 520-530 UPSIDE TRG PLUS RS. 200-250
JSPL BTW 610-625 UPSIDE TRG PLUS RS. 200-250
DLF BTW 260-280 UPSIDE TRG PLUS RS. 80-120
KFA BTW 42-46 UPSIDE TRG PLUS RS 20-30
IF WISH CAN ALSO BUY RELCAP BWT 620-650

OM SHRI GANESHAYA NAMAH

BOOK 25% MORE IN NIFTY FUT CMP 4920 ::: HOLD / CARRY 50% WITH STOP LOSS 4960 ON NIFTY SPOT ::: ENJOY THE FALL

NIFTY SPOT TRG1 HIT 4960 LOW OF 4951.45 ::: BOOK 25% NIFTY FUT CMP 4945 ::: HOLD / CARRY 75% WITH STOP LOSS 5025 ON NIFTY SPOT ::: ENJOY THE FALL

LIVE NIFTY INTRADAY REALTIME SPOT CHART 19th MAY 2010

POSITIONAL NIFTY SELL CALL ::: SWING VOLUME PATTERN CHART UPDATE ::: RESISTANCE & SUPPORT ::: BEAR & BULL FEAR ZONE ::: 19TH MAY 2010

::(-_-):: SWING VOLUME PATTERN CHART ::(-_-):: ITS ALL ABOUT VOLUME GAME ::(-_-)::

Svp chart update : Last 7 to 8 days data showing low volume on rise and higer volume on fall
This is indicating soon will have good fall, we expect nifty spot to hit 4920 then 4870

3 days trend support comes at 5025 (below 5025 mild bearish)
5 days trend support comes at 4960 (below 4960 very bearish)

Positional Sell Nifty below 5025 Stop loss 5120 Target 4960 / 4920 / 4870 (spot levels)
Above is our last Short calls for this currect fall / correction
Now onwards we will be only giving Buy calls

TILL NOW NET PROFIT IN POINTS (388 + 170 - 40) = +518 POINTS MAY 2010 

FIGURE / NUMBER WOULD BE MUCH BIGGER DUE TO EARILER MULTI JOBBING

PLUS MINTED GOOD MONEY IN TATASTEEL (BUY & SELL) & JSPL (BUY)

Resistance at 5080 Above 5120 / 5156 / 5185 / 5214
Support at 5025 Below 5008 / 4960 / 4920 / 4870

Nifty 100 day EMA :: 5103
Nifty 200 day EMA :: 4890

Bear Fear Zone 5112 ::: Bull Fear Zone 5197

bulls will have full control above 5197 and will fear the bears

bears will have full control below 5112 and will fear the bulls

All Above Spot Levels

Still we keep our target of 4900 on nifty intact
Closing basis nifty is not below 4830 ... intraday may be possible
Start buying near / below 4900 level's all four stocks we have recmd in prev post 
TATASTEEL BWT 520-530 UPSIDE TRG PLUS RS. 200-250
JSPL BTW 610-625 UPSIDE TRG PLUS RS. 200-250
DLF BTW 260-280 UPSIDE TRG PLUS RS. 80-120
KFS BTW 42-46 UPSIDE TRG PLUS RS 20-30
IF WISH CAN ALSO BUY RELCAP BWT 620-650

All Above cash levels

OM SHRI GANESHAYA NAMAH

Astro View on Nifty : 19th May 2010

•The days in May when Nifty will be highly volatile- 20,31.
(Keep in mind that the yearly weightage "5201" is not  supporting the Nifty)

•Investors can slowly buy till May 19, 2010.
•Be careful during this weak. There is likely to be a significant selling pressure at the Nifty.

 Be particularly careful on May 20, 2010.

•9:00 to 10:10- It will be very difficult to understand the trend at Nifty. Avoid trading. But if you have to, stick to jobbing.
•10:10 to 13:00- Barring a solitary correction, Nifty will slowly move up.
•13:00 to 14:00- Nifty is likely to undergo a sudden dip. It is difficult to say by how many points.
•14:00 to 15:30- Ganesha advises you to do jobbing in upward direction. But you may see the effect of profit booking by the end of this period.
•Tomorrow is not a reliable day. So don't take a long position today

Source: GaneshaSpeaks

OM SHRI GANESHAYA NAMAH

The last retracement ::: By Rohit Srivastava

The market has been making lower tops and bottoms since April which at a larger degree

is either a W-X-Y-X-Z decline or a I-II-I-II-III-IV-III-IV-V type of 5 wave decline. We can figure later.

However on the two occasions that I noticed this same pattern in the past the last leg down started after a deep

near 61.8% retracement in wave b of z [or II of III].

The attached chart goes with the w-x-y type of count to set targets.

There is great symmetry in this pattern

in each case wave c of each decline is 1.618 times wave a,

and the b wave is retracing less and less. The first b is 78.6% of a

second is 61.8% of a and third forming today intraday stopped at 50% of wave a

So what should follow?

In each of the past occasions the sharpest decline occurred after the last b wave retracement, which completed today

wave Z was always bigger than Y so target is below 16270

Wave c is always 1.618 of a, meaning upto 15734 at least

but both the past occasions wave c of Z the last drop extended exponentially

such that Z was either 2.618 times W or even 4.236 times on another occasion

or somewhere between the two numbers

Meaning that the target actually should be between 15447 and 14245 in the next 1-2 weeks.

And yes such patterns always end below the previous swing low so it has to end below the

low of 15651.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Rohit Srivastava
For accurate technical forecasting. Thanks R. N. Elliott for
studying mass social behaviour and its role in forecasting
the evolution of mankind. Thanks Robert Pretcher for
keeping his theories alive and kicking.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

AVOID BUYING / FRESH LONG :: WE ARE STILL ON LAST LEG OF FALL OF CORRECTION

AVOID BUYING / FRESH LONG

WE ARE STILL ON LAST LEG OF FALL OF CORRECTION

Still we keep our target of 4900 on nifty intact

Closing basis nifty is not below 4830 ... intraday may be possible

Start buying near / below 4900 level's all four stocks we have recmd level & on blog 

TATASTEEL BWT 520-530 UPSIDE TRG PLUS RS. 200-250
JSPL BTW 610-625 UPSIDE TRG PLUS RS. 200-250
DLF BTW 260-280 UPSIDE TRG PLUS RS. 80-120
KFS BTW 42-46 UPSIDE TRG PLUS RS 20-30
IF WISH CAN ALSO BUY RELCAP BWT 620-650

NIFTY STOP LOSS HIT 5070 (SPOT)

FOR FURTHER WEEKNESS NIFTY FUT NEED TO SUSTAIN BELOW 5020 ::: THEN ONLY BEAR'S WILL HAVE FULL CONTROL OVER BULLS

FOR FURTHER WEEKNESS NIFTY FUT NEED TO SUSTAIN BELOW 5020

THEN ONLY BEAR'S WILL HAVE FULL CONTROL OVER BULLS

THOSE TAKEN SELL ON NIFTY AS PER THE CALL GIVEN

HOLD WITH STOP LOSS 5070 ON NIFTY SPOT

CARRY ONLY IF CLOSE BELOW 4980 .. ELSE EXIT

OR WILL UPDATE LATER

OM SHRI GANESHAYA NAMAH