Morning Update at 0800hrs for Intraday Market Level

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pranayk

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astrological indications for week ending 13 nov 09


same as was given last week with mildly better to flatish first part of the week and weaker second half of the week.

The present fall since 20 october 09 may be attributed to the major 5 planets occupying their respective lowest signs as per indian astrology. On the late afternoon of 21 october 09, jupiter was in capricorn, mars was in cancer, sun was in libra, venus was in virgo and moon too entered its lowest sign scorpio. Mercury was at its highest sign virgo and neptune was in capricorn (these are as per indian method of calculation). Although most of the planets had their debility cancelled, yet the very fact that they occupied their respective lowest signs had to leave a lasting impact.

A similar planetary set up had earlier occurred exactly 13 fibonacci years before when 5 of these important planets transited same signs on 17th october 1996 when mars, sun, mercury, neptune & moon had occupied the same signs as of 21 october 2009. Interestingly, in 1996, after a few days of this planetary transit, nifty fell from 953 levels from 24th october 96 to a low of 777 by 4th of december 96 a total fall of 18% but recovered smartly to move up like rocket in next few months to reach a new life time high of that time around 1300 levels by 1st week august 1997, a rise of 67% in 8 months from the lows of 777 made after the similar planetary transit. Amazingly the low of around 777 made after that planetary transit has never been tested again till now. So both bulls & bears who keep a track of planetary transits may plan their investments and place themselves accordingly for coming days.
 

pranayk

Well-Known Member
plan of action for the week ending 13 nov 09

go long above 4820 to 4860 with quit below 4757.boldly add more longs above 4868. In case nifty is unable to cross 4868,quietly shift gear into bear mode & ruthlessly short nifty futures with strict quit point above 4868. Add more shorts in case nse index falls below 4760 followed by merciless hammering if nifty slides below 4660 followed by 4610.
 

pranayk

Well-Known Member
markets for 9th nov 09

the new week opens on monday at the back drop of 3 consecutive days of rise from the tuesdays lows of 4540 till fridays highs of 4836. Although there are no negative news internally & externally, the +ve bit of news on disinvestment may see a +ve opening in indian markets. Although the condition of asian markets together with sgx nifty will play a major role in the opening of indian markets, yet after a few minutes of opening, indian markets may be on their own oscillating between fridays highs of 4836 & lows of 4770.

On friday nifty had closed at 4796, from here 20 to 25 point up or down may play a crucial role in deciding the direction of markets. An initial down side breach of 4777 to 4770 may see a quick fall towards the low of 4757 below which one can see a stone like fall towards 4735 levels. On the higher side a cross over of 4818 may see nifty nearing the fridays high of 4836 to be followed by 50% fibonacci resistance level of 4860 which is very near to the critical resistance at 4868 which may not be crossed on monday.

Traders must keep in mind that last weeks high was at 4836, so incase nifty crosses this level there is every possibility of a downward correction towards last weeks lows of 4540 unless the markets have re entered the bull run & bulls are too strong to let this opportunity slip out of their hands so easily.

If one has a closer look at the hourly chart above, one will notice that a decisive cross over of 4830 on the higher side can trigger the neck line of a reverse h&s formation that may have the potential to move up & cross 5100 levels, but the beauty part the market is that, things actually do not happen immediately as they look on the charts. Since everyone is on a bearish mood hoping that markets may fall again to breach the recent lows of 4540, it is wiser to take a slight risk & trade contrary to general opinion with tight quit point around 4750 nifty levels for a surprise up move.
 

pranayk

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morning update at 8 am 09 nov 09

us markets had closed mildly bullish on friday, european markets had closed flat & brazil had closed .5% -ve. Asian markets have seen a buoyant opening and may continue with the bullish run although chinese markets may remain subdued for monday. Australian markets have opened very strongly and its index index is at 1.7% up which is an early indication that european & us markets may be bullish later on monday. With baltic dry index which is a direct indicator of world economy, steadily rising from october 09 low of 2284 to 6th nov level of 3400 indicates better things in store for world economy. The way this bdx is rising , one should not be surprised to see it crossing the high of 11600 made during june 08.

For indian markets, one can expect a strong opening at the back of strong economic indications by the pm. Govts decision just before the weekend to disinvest more public sector companies may boost markets sentiments & the so called dead cat bounce started since wednesday may continue. Bulls may use this opportunity to give a push to nifty to cross the critical 50% fibonacci level of 4860 to look towards the critical level of 4868 both of which although may not be crossed on monday but will be breached soon.

Mondays trading range for nse index may be confined initially within 4770 on the lower side and 4820 on the higher side. As on friday, nifty made a flat formation within 4836 & 4770 after the initial gap up open, any side breach of the range can see a good move in the direction of breach.
 

lazytrader

Well-Known Member
HELP NEEDED..............

Does any body know about site which provide following details about a scrip on one screen/page?
1) Last 15/6 days high, low & closed prices
2) Volume of trading for last 6 days
3) Weekly high & low
4) Fortnightly high & low
5) Monthly high & low
6) 3 months high & low
7) 6 months high & low
8) Yearly high & low


It is not like that data are not available on site but it is time consuming to get above data from various resources at one place and analyse.

thanks

Pranay
Broker sites provide this data.
One eg is sbicapsec: http://www.contentlinks.asiancerc.com/sbicap/fundamental.asp (there are many options on the left side of that page)

There's also religare, indiabulls etc. Moneycontrol and goes a good job at providing stats.
 

pranayk

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