its bulls eye again...

please refer to my technical lvls given on 19th sep 2007 for nifty, what the last lvl says??? click here

4856!!!

Accurate!!!

thats the high(4855.70) made on 21st sep by nifty.

once again right on target.

nifty current upside target...

nifty current upside capped near 4896.

update on my ew count...

the wave(ii) has ended at 4482 and (iii) is in progress and is in rapid rise since it broke from top of (i), there is no change in my previous wave structure( read here http://valuetrading.blogspot.com/2007_09_05_archive.html and here http://valuetrading.blogspot.com/2007_09_08_archive.html).

feedback on my calls

its 1:30 pm now and mkt is still trading.

these calls were given yday evening.

HUGE profits for someone having bought my rpl futures call, given to buy at 140 where it stayed for long time today in morning, now it is 157, a whopping profit of rs. 56950/- on just one lot of rpl for those bought.

even rpl 145 strike option call went up from rs.1.50 in morning to rs.14 premium now.

tatapower fut also went upto 785.

gail fut earlier had reached t1 at 334.35.

two days ago i mentioned about dlf 700 strike call option which yesterday went from 20 to 75 in just one day from the time it was given on vfm forum.

all technical content on this blog other than news and nasdaq quotes are analysed and posted by myself only.

comments are welcome.

intraday calls for today

on my charts, the dow jones has resistance near 14000, nifty has resistance near 4800 and sensex has resistance near 16550.

(fut.)
tatapower buy above cmp for t1 790 t2 799 sl 770
rpl buy above cmp for t1 142 t2 145 sl 137.50
gail sell below cmp for t1 334 t2 329 sl 344

trade in direction of mkt near the previous closing price or sl.

my simple translation(summary) of vivek patil's EW technical analysis

vivek patil has mixed his earlier views and many alternate scenarios hence it appears jumbled up, but lets see the summary only, i have tried to simplify as much as possible and keep any mistakes in understanding to a minimum.

so first of all let us consider the big picture of this wave analysis, this would make things a bit simpler.
as we all know in a bull phase the upward waves are impulsive in nature consisting of 3 upward and 2 downward correctives, the pattern completes with corrective phase of 2 downward and one upward wave giving a 5+3 combination.

so the bigger picture starts somewhere before 1984 when first super cycle wave 1 began, the third super cycle wave started in 1983 upward with a time period of 11.5 years to complete in 1994 and in 1995 the corrective wave 4th super cycle wave developed and completed in 2005. he has mentioned various fibonacci ratios on the waves magnitudes and their sub waves to support the given structure. he also says the 4th super cycle wave had a combination of flat+extracting triangle+running triangle formation inside its pattern formation.

the 5th wave
============
He says therefore we are in the 5th super cycle wave now starting from 2005 beginning from 7656. the 5th super cycle degree wave has target of 20000 and beyond and time period he now gives it as 3 to 5 years from october 2005(i.e. betwen year 2008-2010) for the completion of this 5th wave.
as stated above regarding presence of running triangle inside the 4th super cycle degree wave, beacuse of this the 5th super cycle degree wave will get the needed thrust needed to achieve the target of 20000 and perhaps more.

the 5th wave scenarios
======================

scenario 1)

5th super cycle degree wave to end at 13300:bearish scenario.
magnitude of the first of the 5th super cycle should be not more than 13300 or a ratio of 0.618 to that of the 3rd super cycle wave, considering the 3rd super cycle wave wave as the extended wave because the 3rd super cycle degree wave is exactly 2.681 times the first super cycle degree wave.

scenario 2)

5th super cycle degree wave to go beyond 13300: alternate to the above bearish scenario.

he has mentioned an alternative bearish scenario for the 5th wave different from above in which the 5th wave assumes a diametric formation in the form of a running bow-tie diametric formation beginning 2003 having a complex structure of 7 legs from 'a' to 'g', various fibonacci ratios have proved the relationship between various legs of the diametric in terms of magnitudes and time taken for completion.

the target for leg 'g' within the diametric is 18000 plus(when it equals 'a') and last week's sensex high of 15868 the 'g' leg has become exactly 0.618 times to the 'a' leg of the diametric on weekly chart on the log scale.
1st of the 5th super super cycle degree wave may develop as zig zag instead of a diametric formation. he also says that this 1st within the fifth could also form as a large x .

so far the sensex stays above 13300, the bullishness will remain.

hence 13300 is a crucial wave-count decider between the bearish scenario and the alternate bearish scenario.

===============================================

he has termed the fall from 15868 as double combination of flat plus running triangle which should test gap of 14584-14964. The fall ended as vertical followed by sudden stop and reverse at 13779 which he terms as waterfall effect.

He says we are into running triangle and correction may get over above 80% retracement of total fall(15485) else the correction continues. But he also says the legs of the running triangle may not end at 14485 and sensex may rally further up.

He says we are moving into narrow channel after completion of waterfall effect, fridays high has touched upper line of this channel.

He says a movement beyond 15069 confirms bottom of 13779 may not be tested again.

He says the total fall ending 13779 has a corrective(3 wave) structure and not impulsive(5 wave structure).

he says earlier 12315 is yearly sensex support.

he says 13300 is good for maintaining long term bullish wave structure.

he says sensex must remain above 17000 this year end so that bullish possibilities of 20000+ remain open in coming years else sideways correction.

he says 18000 is achievable this year.

===================================

regarding fibonacci time clusters:

earlier regarding fibonacci time clusters he says august month period was close to some fibonacci time clusters, means a lot of fibonacci based time periods on monthly chart were forming that month and when such a phenomenon occurs it is followed by a major event, such as a long lasting correction.


(following is the latest development i.e update)

the jinx:

acc to him, since last october beginning from 12316 there is an interesting pattern on sensex chart, a rise of nearly 2000 points followed by deep correction. This has already happened 4 times and the current rally from 13779 to 15824 is 2045 points which could be the 5th time occurrance. This phenomenon is what he had called as a jinx and had said maybe this time also sensex would top out around these levels.

last week:

weekly close was flat and sensex had tested low of 15350 during the week which now becomes crucial level for the 2000 point phenomenon to happen or not. if 15350 is broken then support are 15069 and 14570. Below this some panic will set in. when this correction gets over, another 2000 point phenomenon may be possible.
he says last week the 30 minute sensex chart showed development of a triangle pattern and a breakout from the triangular pattern had target equal to the height of the triangle, then there was a correction which is testing the apex or corner of the triangular pattern(as friday's low point).

upside target levels for stocks

short to medium term upside trading targets (all spot prices)

nifty 4648/4674/4701/4746/4823/4856
sensex 16212/16231/16278/16403/16437/16657/16908/17114/17160
reliance 2076/85/2105/2113/2160/2267/2283
sbin 1708/1734/1752/1763/1823/1886/1937
l&t 2650/2663/2680/2700/2713/2719/2758/2805/2831/2870
rel 937/972/985/1003
relcapital 1517/1561
rnrl 52/54/55.40/56.60/57.40
hdfc 2250/2294/2285/2328/2347/2356
tatasteel 725/732/738/746/752/762/766/788
sail 175/177/179.50/181.30/186.20/187/188.50
dlf 730/748/796/817/984
rpl 136.50/140/143
rcom 573/577/580/585/592/597/608/613/620/635
rnrl 52/54/55.30/56.60/57.40
ifci 81/85/86/88.30/90/93/94
idbi 141/142/144.50/147.50/150.80/153.83/158.80
idfc 138.90/141.60/143.70/145/146.40/147.40/149.60
petronet 75/76/82/86

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stocks and their trends(31st dec. update)
<br />company shttrend inttrend mdttrend <br />======= ======== ======== =========<br /><br />3MINDIA up up up<br />AARTIIND up up up<br />ABAN up up up<br />ABB up down down<br />ABIRLANUVO up up up<br />ABSHEKINDS up up up<br />ACC up down down<br />ADANIENT up up up<br />ADLABSFILM up up up<br />ADORWELD up up up<br />AFTEK up up up<br />AJANTPHARM up up up<br />AKSHOPTFBR up up up<br />ALBK up up up<br />ALEMBICLTD down down up<br />ALFALAVAL up up up<br />ALLCARGO down down down<br />ALOKTEXT up up up<br />AMARAJABAT down down up<br />AMBUJACEM up up up<br />AMTEKAUTO up down down<br />AMTEKINDIA down up up<br />ANDHRABANK up up up<br />ANDHRSUGAR up up up<br />ANSALINFRA up up up<br />APIL down down up<br />APOLLOHOSP up up up<br />APOLLOTYRE up up up<br />APTECHT up up up<br />ARCHIES up up up<br />ARVINDMILL up up up<br />ASAHIINDIA up up up<br />ASHOKLEY up up up<br />ASIANELEC up up up<br />ASIANHOTEL up up up<br />ASIANPAINT up up up<br />ASTRAZEN up up up<br />ATFL up up up<br />ATUL up up up<br />AUROPHARMA up up up<br />AUTOAXLES down up up<br />AVAYAGCL up up up<br />AVENTIS up up up<br />AXISBANK up up up<br />AZTECSOFT up up up<br />BAJAJAUTO down down up<br />BAJAJHIND down up up<br />BAJAUTOFIN up up up<br />BALAJITELE down up up<br />BALMLAWRIE up up up<br />BALRAMCHIN up up up<br />BANARISUG down down up<br />BANKBARODA up up up<br />BANKINDIA up up up<br />BASF up up up<br />BATAINDIA up up up<br />BEL up up up<br />BEML up up up<br />BEPL up up down<br />BERGEPAINT up up up<br />BHARATFORG up up up<br />BHARTIARTL down up up<br />BHEL up up down<br />BHUSANSTL up up up<br />BILT up up up<br />BINDALAGRO up up up<br />BIOCON up up up<br />BIRLAJUTE up up up<br />BLKASHYAP up up up<br />BLUEDART up up up<br />BLUESTARCO up up up<br />BLUESTINFO up up up<br />BOC up up up<br />BOMDYEING up up up<br />BONGAIREFN up up up<br />BOSCHCHASY up up up<br />BPCL up up up<br />BRFL up up up<br />BRITANNIA up down down<br />CADILAHC up up up<br />CAIRN up up up<br />CANBK up up up<br />CARBORUNIV up up up<br />CAROLINFO up up up<br />CENTBOP up up up<br />CENTENKA up up up<br />CENTURYTEX up up up<br />CESC up up up<br />CHAMBLFERT up up up<br />CHEMPLAST up up up<br />CHENNPETRO up up up<br />CHOLADBS up up up<br />CIPLA down up up<br />CLNINDIA up up up<br />CMC up up up<br />CONCOR up up up<br />COROMNFERT up up up<br />CORPBANK up up up<br />COSMOFILMS up up up<br />CRISIL up up up<br />CROMPGREAV down down down<br />CUB up up up<br />CUMMINSIND down up up<br />D-LINK up up up<br />DABUR up up up<br />DABURPHARM up up up<br />DALMIACEM up up up<br />DCHL up up up<br />DCMSRMCONS up up up<br />DCW up up up<br />DEEPAKFERT up up up<br />DENABANK up up up<br />DICIND up up up<br />DISHMAN up up up<br />DIVISLAB up up up<br />DLF up up up<br />DONEAR up up down<br />DREDGECORP down down up<br />DRREDDY up up up<br />DSKULKARNI up up up<br />EDUCOMP up up up<br />EICHERMOT down down down<br />EIDPARRY down up up<br />EIHOTEL up up up<br />ELDERPHARM down up up<br />ELECTCAST up up up<br />ELGIEQUIP up up up<br />ELGITYRE up up up<br />ENGINERSIN up up up<br />ENIL up up up<br />ERACONS down up up<br />ESABINDIA up up up<br />ESCORTS up up up<br />ESSAROIL up up up<br />ESSELPACK up up up<br />EVERESTIND up up up<br />EXIDEIND up up up<br />FAGBEARING down up up<br />FDC up up up<br />FEDERALBNK up up down<br />FINANTECH up up up<br />FINCABLES up up up<br />FIRSTLEASE up up up<br />FMGOETZE up up up<br />FOSECOIND up up up<br />FSL up up up<br />GAEL up up up<br />GAIL up up up<br />GAMMONIND up up up<br />GARDENSILK up up up<br />GBN up up up<br />GDL up up up<br />GEOJIT up up up<br />GEOMETRIC up up up<br />GESHIP down up up<br />GHCL down up up<br />GILLETTE down up up<br />GIPCL up up up<br />GITANJALI down up up<br />GLAXO up down up<br />GLENMARK up up up<br />GMDCLTD up up down<br />GMRINFRA up up up<br />GNFC up up up<br />GODAVRFERT up up up<br />GODFRYPHLP up up up<br />GODREJCP up up up<br />GODREJIND down down up<br />GOKEX up up up<br />GRAPHITE up up up<br />GRASIM up up up<br />GREAVESCOT up up up<br />GSFC up up up<br />GSKCONS up up up<br />GTL up up up<br />GTLINFRA up up up<br />GUJALKALI up up up<br />GUJFLUORO up down up<br />GUJNRECOKE up up up<br />GUJRATGAS up up up<br />HARRMALAYA up up up<br />HAVELLS up up up<br />HCC up up up<br />HCL-INSYS up up up<br />HCLTECH down up up<br />HDFC up up up<br />HDFCBANK up up up<br />HEG up up up<br />HERITGFOOD up up up<br />HEROHONDA down down down<br />HEXAWARE up up down<br />HIKAL down up up<br />HIMACHLFUT up up up<br />HIMATSEIDE up up up<br />HINDALCO up up up<br />HINDMOTOR up up up<br />HINDOILEXP down up up<br />HINDPETRO up up up<br />HINDSANIT up up up<br />HINDUNILVR up up up<br />HINDZINC up up up<br />HMT up up up<br />HONAUT up up up<br />HONDAPOWER up up up<br />HOTELEELA up up up<br />HTMEDIA up up up<br />I-FLEX down down up<br />IBREALEST up up up<br />ICI up up up<br />ICICIBANK down up up<br />IDBI up up up<br />IDEA up up up<br />IDFC up up up<br />IFCI up down up<br />IGL up up up<br />IGS up down up<br />INDHOTEL up up up<br />INDIABULLS down down down<br />INDIACEM up up up<br />INDIAGLYCO up up up<br />INDIAINFO up up up<br />INDIANB up up up<br />INDIANCARD up up up<br />INDNIPPON up up up<br />INDORAMA up up up<br />INDSWFTLAB up up up<br />INDUSINDBK down up up<br />INFOSYSTCH down up up<br />INFOTECENT up up up<br />INGERRAND up up up<br />INGVYSYABK up up up<br />INOXLEISUR up up up<br />INVSTSMART down up up<br />IOB up up up<br />IOC up up up<br />IPCALAB up up up<br />ITC up up up<br />IVRCLINFRA up up up<br />J&KBANK up up up<br />JAGRAN up up up<br />JAYSREETEA up up up<br />JBCHEPHARM up up up<br />JETAIRWAYS up up up<br />JINDALPOLY up up up<br />JINDALSAW up up up<br />JINDALSTEL up up up<br />JISLJALEQS down down up<br />JMFINANCIL up up up<br />JPASSOCIAT down down down<br />JSTAINLESS up up up<br />JSWSTEEL up up up<br />JUBILANT up up up<br />JYOTISTRUC up down down<br />KALECONSUL up up up<br />KALPATPOWR up down down<br />KANSAINER up up up<br />KARURVYSYA up up up<br />KBL up up up<br />KCP up up up<br />KESORAMIND up down up<br />KIRLOSOIL up up up<br />KOHINOOR up up up<br />KOTAKBANK up up up<br />KOTHARIPRO down down up<br />KPIT up up up<br />KSBPUMPS up up down<br />KTKBANK up up up<br />LAKSHMIEFL up up up<br />LAKSHVILAS up up up<br />LANABS up up up<br />LAXMIMACH up down down<br />LGBROS up up up<br />LICHSGFIN up up up<br />LITL up up up<br />LT down up up<br />LUMAXIND up up up<br />LUPIN down up up<br />M&M up up up<br />M&MFIN down up up<br />MACMILLAN up up up<br />MADRASCEM down down up<br />MAHABANK up up up<br />MAHINDUGIN up up up<br />MAHLIFE down up <br />MAHSCOOTER up down up<br />MAHSEAMLES up up up<br />MARICO up up up<br />MARUTI down down down<br />MASTEK up up up<br />MATRIXLABS up up up<br />MAX down up up<br />MCDOWELL-N up up up<br />MCLEODRUSS up up up<br />MERCK up up <br />MICO up up up<br />MICRO up up up<br />MINDTREE up up up<br />MIRCELECTR up up up<br />MLL up up up<br />MONNETISPA up up up<br />MONSANTO up up up<br />MOSERBAER up up up<br />MOTHERSUMI down up up<br />MPHASIS down up up<br />MRF up down up<br />MRO-TEK up up up<br />MRPL up up up<br />MTNL up up up<br />MUKTAARTS down up up<br />MUNJALSHOW up up up<br />NAGARCONST up up up<br />NAGARFERT up up up<br />NATIONALUM up up up<br />NAVNETPUBL up up up<br />NBVENTURES up up up<br />NDTV up up up<br />NELCO up up up<br />NEYVELILIG up up up<br />NICOLASPIR down up up<br />NILKAMAL up down up<br />NIRMA up up up<br />NOIDATOLL up up up<br />NRBBEARING up up up<br />NTPC up up up<br />OMAXAUTO up up up<br />ONGC up up up<br />ORCHIDCHEM up up up<br />ORIENTBANK up up up<br />ORIENTHOT up up up<br />ORIENTPPR down up up<br />PANACEABIO up up up<br />PANTALOONR up up up<br />PAPERPROD up up up<br />PARSVNATH up up up<br />PATELENG up up up<br />PATNI up up down<br />PETRONET up up up<br />PFC up up up<br />PFIZER up up up<br />PGHH up up up<br />PIDILITIND down up down<br />PNB up up up<br />PNBGILTS up up up<br />POLARIS up up up<br />PRAJIND up up up<br />PRICOL up up up<br />PRISMCEM up up up<br />PROVOGUE up up up<br />PSL up up up<br />PUNJABTRAC up up up<br />PUNJLLOYD up up up<br />RADICO up up up<br />RAJESHEXPO up down up<br />RALLIS up up up<br />RAMCOIND up up up<br />RAMCOSYS up up up<br />RANBAXY up up up<br />RANEBRAKE up up up<br />RAYMOND up up up<br />RCF up up up<br />RCOM up up up<br />REL up up up<br />RELCAPITAL up up up<br />RELIANCE down up up<br />RENUKA up up up<br />REVL up up up<br />RICOAUTO up up up<br />RIIL up up up<br />RNRL up up up<br />ROLTA up up up<br />RPGLS up up up<br />RPL up up up<br />RSWM up up up<br />RUCHISOYA up up up<br />SAIL up up up<br />SAKHTISUG up up up<br />SALORAINTL down up up<br />SANDESH up up up<br />SAREGAMA up up up<br />SATYAMCOMP down up up<br />SBIN up up up<br />SCI up up up<br />SEAMECLTD up up up<br />SESAGOA up up up<br />SESHAPAPER up up up<br />SHANTIGEAR up up up<br />SHASUNCHEM up up up<br />SHOPERSTOP up up up<br />SHREECEM up down down<br />SHRENUJ up up up<br />SIEMENS up up up<br />SIMPLEXINF up up up<br />SINTEX down up up<br />SIRPAPER up up up<br />SKFINDIA down up up<br />SKUMARSYNF up up up<br />SOBHA up up up<br />SOFTSOLINT up up up<br />SONATSOFTW up up up<br />SOUTHBANK up up up<br />SPSL down up up<br />SREINTFIN up up up<br />SRF up up up<br />SRTRANSFIN down up up<br />STAR down down up<br />STCINDIA up up up<br />STER down up up<br />STERLINBIO up up up<br />STRTECH up <br />SUBEX up up up<br />SUNDARMFIN up up up<br />SUNDRMBRAK up up up<br />SUNDRMCLAY up up up<br />SUNDRMFAST up up up<br />SUNPHARMA down up up<br />SUNTV up up up<br />SUPPETRO up up up<br />SUPREMEIND down up up<br />SURYAROSNI up up up<br />SUZLON up up up<br />SWARAJENG up up up<br />SWARAJMAZD up up up<br />SYNDIBANK up up up<br />TAJGVK up up up<br />TATACHEM up up up<br />TATACOFFEE up up up<br />TATAELXSI up up up<br />TATAINVEST up up up<br />TATAMETALI up up up<br />TATAMOTORS up up up<br />TATAPOWER up up up<br />TATASPONGE up up up<br />TATASTEEL up up up<br />TATATEA up up up<br />TCS down down up<br />TECHM down up up<br />TFCILTD up up up<br />THERMAX down down down<br />THOMASCOOK down up up<br />TITAN up up down<br />TNPETRO up up up<br />TNPL up up up<br />TORNTPHARM up up up<br />TRENT down up up<br />TRIVENI up up up<br />TTML up up up<br />TUBEINVEST up up up<br />TV-18 up up up<br />TVSMOTOR up up up<br />TVTODAY down up up<br />UCALFUEL up up up<br />UCOBANK up up up<br />UFLEX up up up<br />ULTRACEMCO up up down<br />UNICHEMLAB up up up<br />UNIONBANK up up up<br />UNIPHOS up up up<br />UNITECH up up up<br />UNITY up up up<br />USHAMART up up up<br />UTTAMSTL up up up<br />UTTAMSUGAR up up up<br />VARDMNPOLY up up up<br />VARUNSHIP up up up<br />VDOCONAPPL up up up<br />VENKEYS up up up<br />VESUVIUS up up up<br />VIDEOIND up up up<br />VIJAYABANK up up up<br />VINDHYATEL up up up<br />VISAKAIND up up up<br />VOLTAS up up up<br />VSNL up up up<br />VSTIND up up up<br />VTL up up up<br />WELGUJ up up up<br />WELSPUNIND down down up<br />WHEELS up up up<br />WIPRO down up up<br />WOCKPHARMA up up up<br />WSTCSTPAPR up up down<br />WYETH up up up<br />YESBANK up up up<br />ZANDUPHARM up up up<br />ZEEL up up up<br />ZENITHCOMP up up up<br />ZENSARTECH up up up<br />ZODIACLOTH up up up<br />ZUARIAGRO up up up<br /><br />

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my fundamental targets for fy 2008 (last update oct 2007)
<br />company name, ***price(Rs.) after one year<br /><br />ABB 1816 <br />ACC 1193 <br />ABIRLANUVO 1628 <br />AMBUJACEM 142 <br />ASHOKLEY 51 <br />ASIANPAINT 1152 <br />BAJAJAUTO 2942 <br />BAJAJHIND 327 <br />BALRAMCHIN 127 <br />BANKBARODA 394 <br />BANKINDIA 328 <br />BEL 2131 <br />BHARATFORG 393 <br />BHEL 2429 <br />BPCL 392 <br />CANBK 312 <br />CENTURYTEX 924 <br />CIPLA 215 <br />COLGATE 467 <br />CROMPGREAV 472 <br />CUMMINSIND 556 <br />DABUR 125 <br />DRREDDY 510 <br />FINANTECH 3525 <br />GAIL 392 <br />GLAXO 1286 <br />GLENMARK 531 <br />GRASIM 3911 <br />HCLTECH 358 <br />HDFCBANK 1841 <br />HEROHONDA 838 <br />HINDALCO 160 <br />HINDUNILVR 253 <br />HINDPETRO 303 <br />HINDZINC 754 <br />HDFC 2989 <br />ICICIBANK 1314 <br />ITC 212 <br />I-FLEX 2439 <br />INDIACEM 258 <br />INDIABULLS 895 <br />INDHOTEL 181 <br />IOC 582 <br />IPCL 416 <br />IDBI 190 <br />INFOSYSTCH 2362 <br />IDFC 168 <br />JSWSTEEL 1013 <br />JPASSOCIAT 1325 <br />KOTAKBANK 1100 <br />LT 3588 <br />MTNL 161 <br />M&M 850 <br />GESCOCORP 1405 <br />MARUTI 1145 <br />MATRIXLABS 194 <br />NATIONALUM 264 <br />ONGC 1007 <br />ORIENTBANK 269 <br />PATNI 546 <br />PUNJLLOYD 547 <br />PNB 651 <br />RANBAXY 526 <br />RELCAPITAL 2346 <br />RCOM 785 <br />REL 1288 <br />RELIANCE 2596 <br />SATYAMCOMP 545 <br />SESAGOA 2614 <br />SIEMENS 1963 <br />SBIN 2250 <br />SAIL 241 <br />STER 717 <br />SUNPHARMA 1200 <br />SUZLON 2159 <br />TATACHEM 364 <br />TCS 1331 <br />TATAMOTORS 888 <br />TATAPOWER 893 <br />TATASTEEL 886 <br />TATATEA 857 <br />TITAN 1934 <br />AXISBANK 928 <br />ULTRACEMCO 1114 <br />UNIONBANK 193 <br />UNITECH 563 <br />UNIPHOS 548 <br />VSNL 497 <br />WIPRO 563 <br />ZEEL 457 <br /><br />***as per oct 2007 valuations<br />

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my technical trading targets 2007



<br />upside target levels for stocks and indices for 2007 (all spot prices)<br /><br /><br />nifty 4648/4674/4701/4746/4823/4856/4896/4913/4951/4965/5037/5073/5095.65/5007/5110/5260/5300/5343/5461/5682/5771/6165<br /><br />sensex 16212/16231/16278/16403/16437/16657/16908/17114/17160/17332.60/17402/17721.41/17789/18045/18271/18846/19042<br /><br />reliance 2076/85/2105/2113/2160/2267/2283/2364/2377/2427/2525/2686/2722/3101/3199<br /><br />sbin 1708/1734/1752/1763/1823/1886/1937/2003/2118/2265/2331/2635<br /><br />l&t 2650/2663/2680/2700/2713/2719/2758/2805/2831/2870/3005/3135/3264/3322/3438/3526/3819<br /><br />rel 937/972/985/1003/1006/1134/1212/1293/1347/1553/1791/1969/2199<br /><br />relcapital 1517/1561/1594/1692/1848/1850/1894/2065/2091/2378/2410<br /><br />rnrl 52/54/55.40/56.60/57.40/66/85/93/103/122<br /><br />hdfc 2250/2294/2285/2328/2347/2356/2413/2510/2548/2608/2615/2625/2649/2740/2948<br /><br />tatasteel 725/732/738/746/752/762/766/788/796/820/862/913/1064<br /><br />sail 175/177/179.50/181.30/186.20/187/188.50/190/219/236/266/275/295/306/330/358/370/422/431<br /><br />dlf 730/748/796/817/851/890/958/974/984/1023/1061/1089<br /><br />rpl 136.50/140/143/145/154/171.70/182/199/203/206/227/256/267/295/390<br /><br />rcom 573/577/580/585/592/597/608/613/620/635/655/664/692/712/734/758/848/855<br /><br />rnrl 52/54/55.30/56.60/57.40/83/87/103.70/113.86/122/145/152/227<br /><br />ifci 81/85/86/88.30/90/93/94/105/111/126<br /><br />idbi 141/142/144.50/147.50/150.80/153.83/158.80/163.75/164.75<br /><br />idfc 138.90/141.60/143.70/145/146.40/147.40/149.60/155/158/161/170<br /><br />petronet 75/76/82/86/88/93/103<br /><br />icicibank 1041/1052/1100/1112/1135/1300/1340<br /><br />ongc 959/990/1077/1127/1200/1268/1350<br /><br />ttml 35.60/39.85/40.83/42.20/52.55<br /><br />




intra/closing spot lvls for day and positional trading...


<br /><br />Friday, June 13, 2008<br />lvls to look out for... <br /><br />today 13th june 2008(all spot lvls):<br />hold nifty longs 4445 sl closing basis.<br />hold reliance longs 2185 sl closing basis.<br /><br />Posted by abhay r somkuwar at 9:56 AM<br /><br /><br />monday, 16/06/2008 at 11:54 am:<br /><br />to maintain uptrend nifty and reliance today imp closing lvls at/above 4557 and 2277 respectively for longs.<br />book profits for closings below 4550 and 2270.<br /><br />tuesday, 17/06/2008 at 3:04 pm:<br />stay long in both nifty and reliance.<br /><br />wednesday, 18/06/2008 at 11:35 am:<br />hold longs with trailing profit booking lvls(atleast partially) nifty 4614 and reliance 2307.<br /><br />thursday, 19/06/2008 at 07:10 am:<br />nifty and reliance are weak, stay out or if possible short on any intra rise with caution near 4626 and 2290 and sl 4650 and 2333.<br /><br />tuesday, 24/06/2008 at 12:40 pm:<br />some shorts may be booked if nifty and reliance continues closing above 4275 and 2030 respectively.<br /><br />wednesday, 25/06/2008 at 1:35 pm:<br />nifty positive above 4200 and reliance longs sl 2065-2070, take positions accordingly.<br /><br />friday, 27/06/2008 at 8:05 am:<br />positional profit book nifty/reliance if unable to close today above 4325/2245. intraday shorts can be intitiated with sl near these lvls respectively.<br /><br />monday, 30/06/2008 at 2:13 pm:<br />positional shorts sl 4145 and 2190 for nifty and reliance. same lvls above which to reverse positions closing basis.<br /><br />for tuesday, 01/07/2008 (given on some other site):<br />nifty and reliance positive only above closing of 4050 and 2100 respectively else shorts can carry with these sl closing basis.<br /><br />wednesday, 02/07/2008 at 7:45 am:<br />nifty/reliance shorts sl 3905/2050, exit and reverse if closes above 3975/2075 all closing basis respectively.<br /><br />thursday, 03/07/2008 at 9:05 am:<br />nifty/reliance 4105/2150 for further bullishness, below 4090/2140 closing partial profit booking may be done.<br /><br />friday, 04/07/2008 at 10:25 am:<br />today's shorts sl lvls are 3935/2075 for nifty and reliance above which may turn slightly bullish intraday.<br /><br />monday, 07/07/2008 at 1:00 pm:<br />nifty/reliance very bullish above 4020-4025/2122 intra or closing basis sl 3970/2090 for longs.<br /><br />tuesday, 08/07/2008 at 8:15 am:<br />nifty momentum continues above 4040, reliance sl for shorts 2033 and bullish above 2070. nifty weak below 4020.<br /><br />wednesday, 09/07/2008 at 7:15 am:<br />nifty above 3998 opening(initial sl come below 3970 tline on intra chart.) 4030-45 possible intraday staying above which higher lvls possible. reliance sl for shorts 1985 and mildly bullish above 2007.<br /><br />monday, 14/07/2008 at 8:35 am:<br />currently both weak but nifty slightly positive 4060-4110 and bullish above 4110 and reliance above 2034.<br /><br />