tag:blogger.com,1999:blog-296543972024-12-19T08:43:34.733+05:30TANMAY OBSERVES!Indian Stock Market TrendTanmay Gopal, CFAhttp://www.blogger.com/profile/07243652189247476730noreply@blogger.comBlogger502125tag:blogger.com,1999:blog-29654397.post-76847939247410961232010-10-25T00:13:00.000+05:302010-10-25T00:13:18.579+05:30Weekly Market Update 23 Oct, 2010 by Tanmay G Purohit<!--[if gte mso 9]> <![endif]--><!--[if gte mso 9]> Normal 0 false false false EN-US X-NONE X-NONE <!--[endif]--><!--[if gte mso 9]>Tanmay Gopal, CFAhttp://www.blogger.com/profile/07243652189247476730noreply@blogger.com0tag:blogger.com,1999:blog-29654397.post-44900536083468067582010-10-18T07:38:00.000+05:302010-10-18T07:38:13.876+05:30Weekly Market Update 16 Oct, 2010 by Tanmay G Purohit<!--[if gte mso 9]> <![endif]--><!--[if gte mso 9]> Normal 0 false false false EN-US X-NONE X-NONE <!--[endif]--><!--[if gte mso 9]>Tanmay Gopal, CFAhttp://www.blogger.com/profile/07243652189247476730noreply@blogger.com0tag:blogger.com,1999:blog-29654397.post-58537551693098711802010-10-15T21:00:00.001+05:302010-10-15T21:01:14.095+05:30Dollar Index near support Dollar Index (76.57) is touching monthly trendline support around 76 and last bottom has been 74.17. Holding this support Dollar Index may start appreciating once again where other currencies can see selling pressure Weekly graph: - This is a kind of symmetrical triangle formation where simple logic indicates it can move Tanmay Gopal, CFAhttp://www.blogger.com/profile/07243652189247476730noreply@blogger.com0tag:blogger.com,1999:blog-29654397.post-32049367537253365682010-10-11T06:13:00.000+05:302010-10-11T06:13:46.434+05:30Weekly Market Update 09 Oct, 2010 by Tanmay G Purohit<!--[if gte mso 9]> Normal 0 false false false EN-US X-NONE X-NONE <!--[endif]--><!--[if gte mso 9]>Tanmay Gopal, CFAhttp://www.blogger.com/profile/07243652189247476730noreply@blogger.com0tag:blogger.com,1999:blog-29654397.post-33993129672925494962010-10-04T00:07:00.000+05:302010-10-04T00:07:02.865+05:30Crude Near BreakoutWTI Crude ($81.69) is trading in a rectangle formation moving between $68 and $84 while $87 is current yearly high..... Download whole report http://www.4shared.com/document/0qouCSAb/Crude_Oil_showing_Breakout_011.html Tanmay Gopal, CFAhttp://www.blogger.com/profile/07243652189247476730noreply@blogger.com1tag:blogger.com,1999:blog-29654397.post-24207852016323311882010-10-03T21:52:00.000+05:302010-10-03T21:52:27.606+05:30Weekly Update 02 Oct, 2010 by Tanmay G Purohit<!--[if gte mso 9]> Normal 0 false false false EN-US X-NONE X-NONE <!--[endif]--><!--[if gte mso 9]>Tanmay Gopal, CFAhttp://www.blogger.com/profile/07243652189247476730noreply@blogger.com0tag:blogger.com,1999:blog-29654397.post-38989138554777068762010-09-26T21:08:00.003+05:302010-09-26T21:09:06.991+05:30Weekly Nifty Update 25 Sept, 2010 by Tanmay G Purohit Nifty has closed the week higher for 4th consecutive week by 133 points at 6018 and this is first time after 11 Jan 2008 that Nifty has closed the week above 6000. Longest stretch of weekly up closings this year was Feb'10 through Apr'10 where 9 consecutive weeks Nifty inched up when it rose 15% but current rally is very sharp as in these 4 weeks only nearly 13%Tanmay Gopal, CFAhttp://www.blogger.com/profile/07243652189247476730noreply@blogger.com0tag:blogger.com,1999:blog-29654397.post-12674089126459976592010-09-24T00:06:00.000+05:302010-09-24T00:06:36.434+05:30Is the Dollar DepreciatingDollar Index is making bearish Head &amp; Shoulders formation where below 79 it can target 76/74 levels. Actually H&amp;S target could be 71. Monthly Graph shows likely formation of symmetrical triangle and current leg may test 76.20 as probable support. (Graph Source: NetDania) The US Dollar Index is an index (or measure) of the value of the United States dollar relative to a basket of foreignTanmay Gopal, CFAhttp://www.blogger.com/profile/07243652189247476730noreply@blogger.com0tag:blogger.com,1999:blog-29654397.post-38834180155772277542010-09-20T09:52:00.000+05:302010-09-20T09:52:38.056+05:30Weekly Nifty Update 18 Sept, 2010 by Tanmay G Purohit<!--[if gte mso 9]> <![endif]--><!--[if gte mso 9]> Normal 0 false false false EN-US X-NONE X-NONE <!--[endif]--><!--[if gte mso 9]>Tanmay Gopal, CFAhttp://www.blogger.com/profile/07243652189247476730noreply@blogger.com0tag:blogger.com,1999:blog-29654397.post-4391451210525121442010-09-13T12:10:00.000+05:302010-09-13T12:10:23.344+05:30Update on SINTEXSINTEX we had a buy call since Rs 217 for target Rs 400. It was an investment call given on 5 Aug 2009 and now after 13 months we see 79% returns. This is an update for the same. SINTEX trades at Rs 390 and our target is almost achieved. The stock has seen fresh long position with +8% Open interest built up and price higher by 2.5% and volumes higher by +252% and stock from start of the Tanmay Gopal, CFAhttp://www.blogger.com/profile/07243652189247476730noreply@blogger.com0tag:blogger.com,1999:blog-29654397.post-38718463112015619982010-09-13T00:06:00.001+05:302010-09-13T00:19:17.166+05:30Weekly Nifty Update 11 Sept, 2010 by Tanmay G PurohitNifty has closed the week on a very positive note up 161 points at 5640 and the week was dominated by METAL&nbsp; and CEMENT stocks – TATA STEEL, ACC, AMBUJA rose more than 8% each while IDEA CELLULAR went up by 7%. SBI and HINDALCO too inched up by 7%. Adv-Dec ratio was favourable to advances but some Nifty stocks were under pressure – POWERGRID, CAIRN lost nearly 3% while BPCL, RELINFRA Tanmay Gopal, CFAhttp://www.blogger.com/profile/07243652189247476730noreply@blogger.com0tag:blogger.com,1999:blog-29654397.post-52489032775970734692010-09-07T10:58:00.000+05:302010-09-07T10:58:47.446+05:30ICSA - powering ahead <!-- /* Font Definitions */ @font-face {font-family:Mangal; panose-1:0 0 4 0 0 0 0 0 0 0; mso-font-charset:0; mso-generic-font-family:auto; mso-font-pitch:variable; mso-font-signature:32771 0 0 0 1 0;} @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:roman; Tanmay Gopal, CFAhttp://www.blogger.com/profile/07243652189247476730noreply@blogger.com0tag:blogger.com,1999:blog-29654397.post-48210338102098153892010-09-05T18:14:00.000+05:302010-09-05T18:14:19.461+05:30Weekly Nifty Update 04 Sept, 2010 by Tanmay G PurohitNifty has closed 70 points higher this week at 5479 after once again maintaining crucial support at 5350. BHARTI AIRTEL, RANBAXY, TATA STEEL, UNITECH and RELINFRA rose more than 5% each to support Nifty while BHEL, HERO HONDA, SUN PHARMA were top losers. HERO HONDA fell on reports that Honda may exit the company soon. METAL stocks rose after steel companies raised prices of their products from Tanmay Gopal, CFAhttp://www.blogger.com/profile/07243652189247476730noreply@blogger.com0tag:blogger.com,1999:blog-29654397.post-67472593817432014582010-09-01T10:03:00.001+05:302010-09-01T10:05:24.276+05:30TATA SPONGE triangle breakout looks nearTATA SPONGE Rs 326 is trying to breakout from a symmetrical triangle. Stock sustaining above Rs 340 would be a sign of strength.&nbsp;http://www.tatasponge.com/&nbsp; &nbsp;Group Companies - http://www.tatasponge.com/company/group-companies.asp Tanmay Gopal, CFAhttp://www.blogger.com/profile/07243652189247476730noreply@blogger.com0tag:blogger.com,1999:blog-29654397.post-37411281646942112992010-08-30T07:28:00.000+05:302010-08-30T07:28:40.266+05:30Weekly Nifty Update 28 August, 2010 by Tanmay G PurohitNifty has closed 122 points down at 5408 and it has once again failed to show follow-up buying above 5500 levels. REALTY stocks were major losers this week as BSE Realty fell more than 8% after RBI hinted at more rate hikes in future. UNITECH and DLF fell more than 8% each while JPASSO, HINDALCO, RELINFRA were among top losers. OIL &amp; GAS stocks rose as Oil Marketing companies are expected to Tanmay Gopal, CFAhttp://www.blogger.com/profile/07243652189247476730noreply@blogger.com0tag:blogger.com,1999:blog-29654397.post-91153109015916433042010-08-27T13:28:00.000+05:302010-08-27T13:28:28.446+05:30TECH stocks continue to show weakness <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:roman; mso-font-pitch:variable; mso-font-signature:-1610611985 1107304683 0 0 159 0;} @font-face {font-family:Calibri; panose-1:2 15 5 2 2 2 4 3 2 4; mso-font-charset:0; Tanmay Gopal, CFAhttp://www.blogger.com/profile/07243652189247476730noreply@blogger.com0tag:blogger.com,1999:blog-29654397.post-8426665230117791512010-08-25T11:27:00.001+05:302010-08-25T11:31:02.119+05:30Indices in India – a study of patterns - Tanmay G PurohitFollowing is an analysis of major indices in India and they are tracked regularly by investors. I have included BSE Sensex, BSE&nbsp; Metals, BSE IT, BSE Teck, BSE Auto, BSE Realty and NSE BankNifty here. I have packaged all the indices in a single file, please download from this link: http://www.4shared.com/document/cTmnQNt1/Indices_in_India_25_Aug_2010.html BSE IT BSE IT Index is making bearishTanmay Gopal, CFAhttp://www.blogger.com/profile/07243652189247476730noreply@blogger.com0tag:blogger.com,1999:blog-29654397.post-864214367270905392010-08-23T11:59:00.001+05:302010-08-23T12:14:38.428+05:30Weekly Nifty Update 21 August, 2010 by Tanmay G PurohitNifty closed the week 78 points higher at 5530 and it is 3rd consecutive positive week for the index. RANBAXY was top gainer with 11% rally, HINDALCO, HDFC BANK rose more than 5% each. CEMENT stocks moved higher this week – ACC and AMBUJA were among top gainers. SUZLON was biggest loser from Nifty as it fell 12% after poor results while IDEA, UNITECH, CAIRN and RCOM lost more than 3% each.Power Tanmay Gopal, CFAhttp://www.blogger.com/profile/07243652189247476730noreply@blogger.com0tag:blogger.com,1999:blog-29654397.post-29737333269323172922010-08-15T23:34:00.000+05:302010-08-15T23:34:34.140+05:30Weekly Nifty Update 14 August, 2010 by Tanmay G PurohitNifty ended the week 13 points higher at 5452 closing in positive 2nd consecutive week. TATA MOTORS and SBI were major gainers this week after good results with 13% and 8% gains respectively. JINDAL STEEL &amp; POWER rose nearly 6% this week. STERLITE fell 9% while WIPRO and INFOSYS too turned out to be top losers after Border Security Bill passage in USA. M&amp;M fell 3%. Derivative data pointsTanmay Gopal, CFAhttp://www.blogger.com/profile/07243652189247476730noreply@blogger.com0tag:blogger.com,1999:blog-29654397.post-75542875100836784032010-08-13T17:25:00.000+05:302010-08-13T17:25:31.344+05:30Update on KPITKPIT buy was given on 18 June, the stock has performed as per expectations and now nearing our investment target also. Investors are advised to take profits.&nbsp; Previous Report Link:&nbsp; http://tanmaygopal.blogspot.com/2010/06/kpit-strong-buy-cmp-rs-132.htmlTanmay Gopal, CFAhttp://www.blogger.com/profile/07243652189247476730noreply@blogger.com0tag:blogger.com,1999:blog-29654397.post-15615760210006281432010-08-11T21:52:00.005+05:302010-08-12T07:57:37.512+05:30AXIS BANK shows bearish signsAXIS BANK (Rs 1290) has been moving in a very good up trend but now cracks are developing. 100 Day EMA (figure below) has been providing strong support and acted as an automatic trendline for the stock, currently 100DEMA stands at Rs 1242. Oscillator Study: 14 Week RSI shows weakness in the stock. In previous rally AXIS BANK touched Rs 1287 as high when RSI was 71.24 and now at new high Rs 1396Tanmay Gopal, CFAhttp://www.blogger.com/profile/07243652189247476730noreply@blogger.com2tag:blogger.com,1999:blog-29654397.post-34183583290689988612010-08-08T18:15:00.000+05:302010-08-08T18:15:45.092+05:30Weekly Nifty Update 07 August, 2010 by Tanmay G PurohitNifty moved higher this week as it closed up by 72 points at 5439 and it has recovered last week’s losses easily. Leading the gains were TATA MOTORS, BHARTI AIRTEL, KOTAK BANK, HCL TECH, WIPRO which rose more than 5% each while SAIL, RPOWER, RCOM pressurized the indices falling more than 3% each. Economy has been supportive so far with the bull market in India and the HSBC Markit Purchasing Tanmay Gopal, CFAhttp://www.blogger.com/profile/07243652189247476730noreply@blogger.com0tag:blogger.com,1999:blog-29654397.post-12252240466522738942010-08-01T23:59:00.000+05:302010-08-01T23:59:15.278+05:30Weekly Nifty Update 31 July, 2010 by Tanmay G PurohitNifty has closed down by 81 points at 5367 and fall was led by LT and RELIANCE both fell sharply on profit-taking after results. M&amp;M, HCL TECH, HDFC BANK gained more than 4% each this week while MARUTI was top loser with 11% loss after poor results, JP ASSO fell 8%. Rains were just 5% below normal as on July 29 and they are likely to be 107 percent of normal in the remaining two months of theTanmay Gopal, CFAhttp://www.blogger.com/profile/07243652189247476730noreply@blogger.com0tag:blogger.com,1999:blog-29654397.post-39700723469435671432010-07-31T11:15:00.000+05:302010-07-31T11:15:10.613+05:30Weekend Reading - Psychology Drives Markets!Here is an entertaining story about how strongly psychology can affect a market. It is from the book "The New Gatsbys" - It takes place at the Chicago Board of Trade.Soybeans were sharply higher. There was a drought in the Illinois Soybean Belt. And unless it ended soon, there would be a severe shortage of beans. . . . Suddenly a few drops of water slid down a window. "Look," someone shouted, "Tanmay Gopal, CFAhttp://www.blogger.com/profile/07243652189247476730noreply@blogger.com1tag:blogger.com,1999:blog-29654397.post-5042384078167007752010-07-26T14:39:00.000+05:302010-07-26T14:39:09.270+05:30Nifty woesNifty has formed a rising wedge in Daily graph which is a bearish pattern to develop. Trades near resistance line around 5500. Breakdown below 5350 would signal a downtrend ahead, at least for short-term. RSI is showing negative divergence –14-Day RSI shows lower highs against higher tops in Sensex which is a bearish divergence. Any time such divergence is seen Caution is advised as prices may Tanmay Gopal, CFAhttp://www.blogger.com/profile/07243652189247476730noreply@blogger.com1