TechnicalTrendz

RELIANCE MAY SELL TREASURY STOCKS ABOVE 1050 LEVELS

noreply@blogger.com (TechnicalTrendz) — Wed, 17 Mar 2010 03:58:03 PDT

NIFTY near resistance level of 5300 and moving to expiry,reliance is looking for global investors to offload some more treasury stock sale as per various news channels.
But with global recovery signals are coming from various regions and all major regulators keep their interest rates unchanged,reliance will sell stocks above 1050 levels but below 1100 levels.Because 2200-2210 was its long term resistance before bonus issue.
Many experts are betting on RELIANCE after seeing their advance tax numbers,but no one know whether how many treasury sale they will add in next quarter result.

CHINESE BUBBLE OR DOLLAR BUBBLE WHICH WILL BURST FIRST ?

noreply@blogger.com (TechnicalTrendz) — Tue, 16 Mar 2010 22:45:59 PDT

Watch Video were expert command on significant issue of dollar bubble

HOW LIFE INSURANCE CORPORATATION DO THIS ?

noreply@blogger.com (TechnicalTrendz) — Sun, 14 Mar 2010 22:15:40 PDT

As per sources LIC subscribed 70% of NMDC FPO which get subscribed in last friday for 1.X times.Out of 22 Cr shares to FII only 8lakhs was only subscribed that gives indication how over priced issue was.Then how can LIC who is largest Investment company of India subscribed to this much amount of Issue.

LIC have their on reason like NMDC will be coming to Index with in months ,or they have enough inflows to subscribe to issue etc.Let see which fund subscribe after full information came out.Peers of NMDC working in lower P.E multiple it was strange that LIC gone for this much subscription

I think it will be safe to assume Company have pressure from Government to Subscribe that much.

RESISTANCE ARE NOW BOARING AREAS

noreply@blogger.com (TechnicalTrendz) — Thu, 11 Mar 2010 11:39:33 PST

Sorry,Readers am not blogging about market in these days,But NIFTY moving in very tight range ,so any tip about Nifty will trigger in both sides.Same about NIFTY OPTIONS too,Buy 5100 CALL only after NIFTY spot cross 5180 ,this will trigger Short covering and take market to 5250 levels ,But if market stay in this level go for 5100 PUT.5000 PUT is the most SOLD in this March Contract.So NIFTY going below to 4950 levels should need some bad global news.

STOCK TO WATCH
Shree Ashtavinayak Cine Vision Ltd after continuous lower circuits stock traded full day and closed above lower circuit.Long Term MACD crossed over to Positive territory.

MARKET IN BEAR TRAP OR BUDGET RALLY TO FOLLOW ?

noreply@blogger.com (TechnicalTrendz) — Sun, 21 Feb 2010 11:31:38 PST

Market tests patience of investors last week and given two way movement and closed flat.To main view for next week either market caught in bear trap or budget rally expect in this four trading section.
But one think sure nifty close below 150-200 points in this week will make market from "BUY ON DIP to SELL ON RALLY".Market getting strength from 10 & 21 DMA which moving close to crossover with downward bias in weekly chart.

Check what happened in SENSEX weekly chart when cross over of 21 DMA in upwards bias in MARCH 2009.(GREEN 21 DMA ,RED 10 DMA )

NIFTY CLOSED NEAR SUPPORT LEVEL OF 4740

noreply@blogger.com (TechnicalTrendz) — Wed, 10 Feb 2010 10:58:15 PST

Nifty failed to stay above 4800 levels ,from morning onwards 4800 PUT having Writing with huge volume.Sensex closed at 15922, down 120 points and Nifty at 4757, down 35 points from the previous close. CNX Midcap index was down 0.14% and BSE Smallcap index was up 0.10%. The market breadth was positive with advances at 571 against declines of 691 on the NSE. Top Nifty gainers included BPCL, JP Associates and Unitech while losers were Cipla, SAIL and Mahindra & Mahindra.

NIFTY future in SGX closed at 4746 after making a low of 4723 while US market was failing after report of Stimulus removal Plan.

NIFTY DOWN TURN STOPPED AT SUPPORT LEVELS ?

noreply@blogger.com (TechnicalTrendz) — Fri, 05 Feb 2010 11:40:28 PST

With bad world clues Sensex closed at 15791, down 434 points and Nifty at 4719, down 126 points from the previous close. CNX Midcap index was down 2.47% and BSE Smallcap index was up 3.25%. The market breadth was negative with advances at 126 against declines of 1162 on the NSE. Top Nifty gainers were Tata Power and HCL Technologies while losers were Hindalco, Ranbaxy and ONGC.

We taken support at crucial level of 4680 levels.Equde.com given 4680-4720 levels support last week as main support for market.(See chart of yesterday)5 DMA & 10 DMA moved close to 26 DMA.if there is a bounce back it will be coming tomorrow in special trading day because there will be no institution and FII tomorrow.

HOW TO TRADE IN NIFTY ?

noreply@blogger.com (TechnicalTrendz) — Thu, 04 Feb 2010 05:58:11 PST

Nifty moving in tight range of 4760-4950 which is good for traders,they can make profits in both sides.Investors don't panic and cut your positions,when caught in wrong trade.See today's and yesterdays market.New investment is not adviced in this level,sell or rally like yesterdays and cover short like today's and go light at end of the day.
In this narrow market don't go for Strategies like SYNTHETIC LONG CALL(buy stock and Buying put)or PROTECTIVE CALL /SYNTHETIC LONG PUT.Can do for intra day trades only because premium is too high in stocks as well as NIFTY.

Lets check WEEKLY CHART OF NIFTY given below

In chart there is three moving average lines (5,10,26 )when ever both 5 & 10 moving average cross over 26 DMA upper or lower side market given a big correction ,Please see chart area with arrow mark .Now look at current nifty position 26 DMA(Daily moving average) is flat and 5 & 10 DMA moving down but didn't cross downwards,market waiting for this to happen,So please wait BEARSs and BULLS.

Another Indicator ADX also showing trend is strong.

NIFTY SUPPORTS AT 4680-4720 LEVELS

noreply@blogger.com (TechnicalTrendz) — Thu, 28 Jan 2010 11:36:34 PST

Can Expire give a Short covering ?

noreply@blogger.com (TechnicalTrendz) — Wed, 27 Jan 2010 11:29:06 PST

I think we have to give market some pause,after all its 6 straight days of loss from 5287 to 4833.SGX NIFTY also showed some resistance in 4800 and closed above it.Domestic institutions buying in last two days gives some positive signs to investors.China down 10% from high while we 7.5% so market trending lower tomorrow will be a weekly bearish signal.

NIFTY BELOW 4900 ?

noreply@blogger.com (TechnicalTrendz) — Tue, 26 Jan 2010 11:26:07 PST

Nifty futures in SGX NIFTY closed below 5000 in two trading days and made low of 4850 today sending strong selling pressure from world indices.China's interest rate confusions and government ordering some bank to increase cash reserve ratio made thinks more worse.S&P degraded Japan from stable to negative effect market in that region.

America's Recovery Plan exposed ?

noreply@blogger.com (TechnicalTrendz) — Sat, 23 Jan 2010 15:56:38 PST

Last week ,we saw huge selling pressure in all equity market around the world.Many news agencies saying because of Obama's New bank plan and anticipation about China increasing interest rates are reason.I have my doubts in this.Let go back to investigate

After fall of Lehman Brothers US FED done stress test of various bank and told them to take US TAX PAYERS money to bailout most of the big banks like CITI,GOLDMAN SACH etc.. Did they need that amount of money in that time ?Don't forget most bank paid money back with in one year time.How they make this much of money ?So is it a BAILOUT OF BANK HAPPENED OR SOMETHING ELSE ?

I strongly believe that 50-60% of chunk money that called as BAILOUT MONEY is given to bank for trading(i don't think for investing ) in other countries exchanges. Last year BRIC(BRAZIL,RUSSIA,INDIA,CHINA) countries stocks appreciated more,all these countries stock exchanges around 75-100%.Let me Explain how.All developing countries exchanges retraced almost 75% from their highs,Lets take case of India,NIFTY touched a low 2200 approx and Domestic mutual funds didn't had money to do bottom fishing ,FED & US banks used this opportunity to take money from peoples of other countries.They know retailers investors will not jump in early stage of recovery ,when they start thinking to invest market will be around previous high.So Bank will make money and repay bailout money soon ,much talked deficit of US will come down all clean ,When America Recovers World out of Recession.

As simple as that

Why this Fall then ?

Money made by banks are much more than what FED thought ,now they are think what to do with bank,they are still invested not ready to come out ,in same time government's stress test came as Massachusetts Sentor election.Government came to know people slowly moving away from their side because even bank and FED made money from this recover job loss claim are not ready to stop increasing. They know US can't take one more recession with in short span.So goverment want to regulate bank and keep a them away from investing in outside US especially through their investment arms like hedge funds.

If my assumption is true in near week or month Freddie Mac and Fannie Mae will be restructure and FED will tell to invest money in those companies with some guarantee.

FOOTER:From this recession recover rally US made money from other countries.Please remember most investment in India came through QIP route which is so easy to be sold in exchanges.

NIFTY FUTURE CLOSED @ 5029

noreply@blogger.com (TechnicalTrendz) — Thu, 21 Jan 2010 12:45:38 PST

Nifty future in Singapore closed at 5029 with bad clues from market in two continous trading section.Today we corrected 2% in NIFTY and SENSEX and have every change to test support levels of 5020 then 4980

Today Sensex shut closed 17051, down 423 points and Nifty at 5094, down 127 points from the previous close. CNX Midcap index was down 2.51% and BSE Smallcap index was down 2.47%. The market breadth was negative with advances at 165 against declines of 1135 on the NSE. Top Nifty losers were L&T, BHEL and Siemens M&M was only gainer in Nifty.

NIFTY @ 5157 in SGX NIFTY FUTURES

noreply@blogger.com (TechnicalTrendz) — Wed, 20 Jan 2010 13:14:20 PST

Nifty made a intra day low of 5157 sgx nifty listed in singapore because of selling pressure in US market.SGX closed at 5170 levels below around 50 points from settle prices of 5114 in SGX.Tomorrows opening on our market depend can be around those levels.US investors are concerns that tighter lending rules in China could endanger an economic recovery.Financial and IT were worst hit in US,now crude trading below $78 ,let see what will hit us tomorrow.

Big Banks Accused of another Mortgage Fraud ?

noreply@blogger.com (TechnicalTrendz) — Fri, 15 Jan 2010 12:01:58 PST

Just as regulators, lawmakers and all forms of financial oversight boards are talking about new regulations to guard against mortgage fraud and another mortgage meltdown, there appears to be yet a new mortgage fraud out there today, allegedly perpetuated by agents of, yes, the big banks.
Continue reading Report from cnbc.com

SAFE TO INVESTING IN MIDCAP AND SMALLCAP COMPANIES ?

noreply@blogger.com (TechnicalTrendz) — Wed, 13 Jan 2010 06:22:37 PST

Today while watching CNBC TV18 news reporter made some comments of a company called Shree Global Tradefin Ltd ,It was stocking to hear that companies market capitalization is 8474 cr under category of NBFC.So see small research about company

Promoter of company own 74.87% of companies shares,out of public ownership, 24.15% own by 7 indiviual and one company called Aristo Realty Developers Ltd.So as per bseindia.com site individual shareholders holding nominal share capital up to Rs. 1 lakh is 383,683,so i became more curious to know about company .So i search comapny name through google to see companies site (after all a 8474cr company)my bad luck no information about site,so check company details in BSE site,got a email id(investors@sgtl.in) to contact company,so i checked http://sgtl.in just common sense.site under construction from its look and image.To check history i again came to google.com after half hour search got details as follows

Company History: 1980 - Founded in 1980 as Benson Steels Ltd by Kenneth Benson and Merilyn Benson and is finance business..

1981 - Paul Benson Become a part of Benson Steel as President.

1994 - Paul Benson retired in 1994.

1995 - Ken Benson appointed as president and CEO.

2005 - Shree Global Tradefin Ltd. acquired Sanford Steel Pvt Ltd.

- Shree Global Tradefin Ltd has informed that the Board of Directors of the Company on October 21 2005 has decided that for consideration of Scheme of Amalgamation of M/s Harold International Ltd M/s. Trump Investments Ltd M/s. Tradition Exim Ltd M/s. Sanford Steel Pvt Ltd and M/s. Salvador Steel Pvt Ltd with the Company and reduction of share capital of the Company. For this the Board will meet again on October 26 2005.

- There was a plant expansion of 13000 square feet at Bolton headquarters which allowed Benson Steel to service customers better and faster.

2006 - Mumbai High Court had approved the scheme of amalgamation of four companies with Shree Global Tradefin Ltd.

2007 - There was a re-appointment of Shri. Prashant Puri as Director of the Company.
source site

till 2007 after Shree Global Tradefin Ltd has 1 divestiture during 2009.

Till now i am confused about what companies business,may be because of name Shree Global Tradefin Ltd or former name Benson Steels Ltd and to add it bse showing compant under FINANCE NBFC.By research reveals more results from alacrastore.com i got comapnies profile as manufacturer and trade coils and cold rolled steel sheet.Woww i got it

I already told promoter owned 74.87% of equity of company (two promoter Teamwork Stock Fin Pvt Ltd & Blossom Stock Fin Pvt Ltd ).didn't get any info about this pvt ltds ,readers who know about this please give info ,will add in this blog later.

HOW MUCH TIME NIFTY HOLD 5160-5180 SUPPORT ?

noreply@blogger.com (TechnicalTrendz) — Wed, 13 Jan 2010 04:56:18 PST

Bad global clues made market sentiment bearish in early morning trade will FII selling continue.FII sold 650cr in equity in two trading section.With SGX NIFTY extended trading till 1 a.m everyday (IST)investors are getting early clues from there.Today Sensex closed at 17509, up 87 points and Nifty at 5233, up 23 points from the previous close. CNX Midcap index was up 0.7% and BSE Smallcap index was up 0.9%. Top Nifty gainers included ACC, Ambuja Cements and TCS while losers included Mahindra & Mahindra, Sterlite Industries and Axis Bank.

DISTRIBUTION HAPPENING AT HIGHER LEVELS

noreply@blogger.com (TechnicalTrendz) — Tue, 12 Jan 2010 10:54:21 PST

Retailers who missed this rally in stock market taking positions at higher end of band in nifty,and promoters are transferring their small positions of shares to PE firms and long only funds to take some money out of the table.

Sensex closed at 17422, down 104 points and Nifty at 5210 down 39 points from the previous close. CNX Midcap index was down 0.64% and BSE Smallcap index was down 1.14%. First time in two weeks market breadth was negative with advances at 380 against declines of 906 on the NSE. Top Nifty gainers included Wipro, TCS and Infosys while losers were Idea, DLF and Reliance Communications

LOOKING OTHER COUNTRIES TO CORRECT

noreply@blogger.com (TechnicalTrendz) — Thu, 07 Jan 2010 11:46:29 PST

Sensex closed at 17615, down 85 points and Nifty at 5263, down 18 points from the previous close. CNX Midcap index was down 0.37% and BSE Smallcap index was up 0.67%. Top Nifty gainers included Siemens, ABB and Cairn while losers were Tata Motors, TCS and Ranbaxy.

NIFTY AT UPPER BAND OF BOLLINGER BAND

noreply@blogger.com (TechnicalTrendz) — Wed, 06 Jan 2010 10:04:21 PST

Today Sensex closed at 17701, up 14 points and Nifty at 5281, up 3 points from the previous close. CNX Midcap index was up 0.26% and BSE Smallcap index was up 0.44%. Top Nifty gainers included Grasim, Tata Power and Cipla while losers included Maruti, HCL Technologies and Reliance Infrastructure.

ARE WE STRETCHING NIFTY TOO LONG ?

noreply@blogger.com (TechnicalTrendz) — Tue, 05 Jan 2010 12:29:25 PST

We are building a six floor building which collapsed at early 2008 (NIFTY WAS 6000+ in 2007)from its basement (support area of 2500 from were bull run started in indian financial market at 2005),Now almost 80% of building is complete,now we making 5 Floor,DID we given any extra strength to our basement ?Government given a support to our building in form of stimulus packages.How about we are making 5 and 6 floor and government removing supports from basement.This time floors didn't get time to cross link with base before that other floor came in to its head.
We are still betting on same guys who made building last time and demolished it in 5 trading day.

Last time we seen cracks in building before it fall,because of poor basement strength this time we will not see cracks,when we get up in morning we will be in other floor in downward directions.

PLEASE IN THIS HIGH VALUATIONS DON'T GO FOR ANY BIG BUYING DEALS,ALWAYS CONSULT WITH FINANCIAL ADVISER BEFORE INVESTING IN TO MARKET

GUARANTEED MONEY MAKING FORMULA'S FOR INDIAN STOCK MARKET

noreply@blogger.com (TechnicalTrendz) — Sat, 02 Jan 2010 21:23:24 PST

Equde.com reveals formula's of many active successful traders with our readers especially in STOCK/INDEX FUTURE & OPTIONS segments with this document.In this trading system you can see your maximum loss(quiet low) compared to huge profit potentials.Even two trades in month will give you 500 nifty points with this system.Not like many other sites who take monthly subscription charges , it come with a one time charge for life time of $10(470Rs.approx).Order Now!
and see change it will make in your monthly income.

System is made for NIFTY index,but can easily changed to stock specific.
For any queries you can chat with me online in yahoo or send query to webmaster@equde.com

NIFTY TO EXPIRE BETWEEN 5150-5220 LEVELS

noreply@blogger.com (TechnicalTrendz) — Sat, 02 Jan 2010 21:04:16 PST

If any extra ordinary news didn't come from goverment of globally NIFTY december series should expire between 5150-5220 levels.There was huge unwinding in 5200 PUT in todays trading section shows traders are confident about expire below 5250.Sensex closed at 17343, down 57 points and Nifty at 5169, down 18 points from the previous close. CNX Midcap index was up 0.06% and BSE Smallcap index was up 1.13%. Top Nifty gainers included ACC, Cipla and Grasim while losers were ITC, Hero Honda and Cairn India.

DON"T EXPECT NIFTY IN 5300 SOON

noreply@blogger.com (TechnicalTrendz) — Tue, 29 Dec 2009 12:29:41 PST

There will be more flatish trading days in next month,nifty will not move to 5300 so fast as it did will 5000 levels.Sensex closed at 17401, up 40 points and Nifty at 5187, up 9 points from the previous close. CNX Midcap index was up 0.28% and BSE Smallcap index was up 1.16%. Top Nifty gainers included Reliance Power, Reliance Infrastructure and Suzlon while losers were Cipla, Sun Pharma and DLF.

FII SEE 5150 LEVELS IN NIFTY TO BUY ?

noreply@blogger.com (TechnicalTrendz) — Fri, 25 Dec 2009 12:40:14 PST

FII brought continuously in second trading section above 700cr in Cash.But reduce in volume in past two weeks clearly shows retail investors are not seeing this level to buy. This week's sensex up 3.7% and Nifty up 3.8%. BSE Midcap index was up 2.5%, BSE Smallcap index up 2.9% over the week. BSE Metal index was up 6.7%, BSE Oil & Gas index up 4.6%. BSE Bankex index was up 4.3%, BSE Realty up 3.7%, BSE Consumer Durables index up 3.3%, BSE IT index up 2.6% and BSE FMCG index up 2.3%.