*TREND share analysis report – weekly* * Estd:1994 Vol. 816dt:8.2..2010 13.2.2010..*
*------------------------------------------------------- * *NSE INDEX:4757::* *RESISTANCE:4790, 4826,4863, 4899and 4952. * *SUPPORT: 4749, 4687, 4633, 4560, 4515- 4505. . *. *MOVING AVERAGES : * Index4757: 12 dma = 4898 48 dma = 5025 ; 89 dma – 4960and 200 dma –4655 Index moved below its 12 and 48 dma which indicates short term trend turned down. Further 12 dma started to trade below 48 dma which indicates medium term too turned down. But 200 dma at 4655 May lend support to index in the long term perspective. As the gap between index and moving averages Widened, pull back rally up to 4900 is possible. *OSCILLATORS POSITIONS*: *RSI:* 38: : : RSI has been trading below its neutral zone. After diverging negatively with index, it has Come out of oversold zone. Up trend will gather momentum on violation of neutral zone. i.e. 50. *MACD*:-51/-92: :MACD moved below its trigger line and has been trading in the negative zone. No buying opportunity exists. : *TURN DATE*: 8.2.2010 or 12.2.2010.. *Wave analysis*: Wave 1- 5311- 5169;wave 2- 5169 – 5292; wAve 3- 5292-4766; Wave 4- 4766- 4951; Wave 5= 4951-? Wave 5 may end around 4539 – 45. Wave 5 break up details: Wave 1= 4951- 4877; Wave 2- 4877- 49512;Wave 3- 4912 – 4692; Wave 4-a- 4692- 4749;Wave b – 4749- 4708; Wave c: 4708-? Wave c of Wave 4 may end around 4798 or 4826 or 4863. After that Wave 5 of Wave C may unfold and take the index to 4687 or 4614- 32 or 4560. *ACTIONS:*.*SHORT TERM*: Till 4881 level unbroken upside, short term trend is down. Sella t higher 4851- 62 SL 4881 or below 4718 sl.4752. Support: 4687, 4633, 4570 and4530. MEDIUM TERM: Till 4945 level unbroken upside, trend is down only. As we have been in the last leg Of down trend which may find support at 4680 or 4619 or 4540. Wait for buying opportunity or 4619 -32 Or 4540 50. *LONG TERM*: STOPLOSS FOR LONG POSITION SHOULD BE 4538.Tl 5432,5867, 6112 and 6330. ( YEARLY OUTLOOK). . . ----------------------------------------------------------------------------------------------------------------------------------------------- *NSE FUT: 4759: * * * *RESISTANCE4796,4858, 4905, 4949 and 4992. . * *SUPPORT:4718, 4681, 4614, 4561-45 and 4503. . * *TURN DATE*: 8.2.2010 or 12.2.2010 *ACTIONS* :.*SHOR TERM*: Till 4872 level unbroken upside, trend is down only. Sell at higher level 4850- 4858 SL 4881 or below 4719 sl. 4746. Support: 4680, 4614- 32, 4571 and 4535- 16. *MEDIUM TERM*: As we have been in the last leg of the downtrend which may find support at 4680 or 4617 or 4545. Wait for buying opportunity around those levels. * * LONG TERM:* STOP LOSS FOR LONG POSTION SHOULD BE 4534; TL 5413, 5589 5867, 6060 and 6330. * * --------------------------------------------------------------------------------------------------------------------------------- * *SCRIPS FOR BUYING:CASH SHARES: * *MAGMA LEASING: Buy above 226 sl. 221 TL 237,251 and 267. * * * *NUMERIC POWER:Buy above 333 SL 327 TL 348,361 and 388. * * * *OMINI TECH; TILL 154 LEVEL UNBROKEN DOWN SIDE, TRENDIS UP BUY ABVOE 166 SL. 162. * * * *ACTIVE SHARES: LOWER LEVEL BUYING: * *DIVIS LAB; ( 572) BUY 527 – 530 sl 520. * * * *RANBAXY: 408: Buy 382-380 SL 370. * * * *TISCO: 558: Buy Rs. 510 12 SL. 500 * * * *VIDEOCON INDS; Buy 196 – 198 SL 191. * * * -- "Unless you try to do something beyond what you have already mastered, you will never grow". -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
