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January 28, 2014

Crompton seems to have completed its correction


Prices have almost reached  C = A X 2.618.  If it does not break 80 region, can show an upmove towards 150-70 range. Short term it can move another 2-5 points down.

January 1, 2014

WISH   YOU   ALL  A VERY   HAPPY NEW YEAR   2014


The last week lacked volumes due to holiday mood of FIIs. Nifty has been hovering around 6250-6300 and BN is hovering around its 10D EMA.
Hope soon the volumes will return and the range will be broken.

December 5, 2013

Book Profit

Election results, FOMC, RBI policy reviews ahead. So booked profits at this level.

November 29, 2013

A break above 6120-6140

Today it has broken the narrow range of 5970-6120 (Last 4 Days)  on upper side. If holds for an hour or so above 6140, a bullish sign in short run.