DEAR FRIENDS
FRIDAY OR MONDAY, THE BUDGET DAY, i suppose, v r in for a
final blow & this blow, could be
VERY VERY LETHAL. How do i get this. Well, i dont trade in nifty, i trade in stocks, & stocks with their respective daily, weekly & monthly lvls, along with FIBO no.'s & then i match my expected levels with I LANGO SIR's level.
LAST TIME WHEN I DID THIS, i mailed i lango sir, when we were close to 5200 levels, THAT SIR, v r in for a low & a meaningful bounce. The next day,
NIFTY MADE A SHORT TERM LOW 5177 to bounce back to 5598.
----------------------*-----------------------------------*--------------------------HERE IS THE MAIL-------------------------------------------------------------------------------------
rochak parekh
to ilango
show details Feb 9
respected sir
i have been tracking data for cnx 500 stocks for last 2 & half years.
whenever more than 220-240 stocks from cnx 500 went oversold & 150-180 stocks hit 52 week low. 1 or 2 days around we saw a bottom, which remain a bottom for at least next 7-10 weeks. ( 1 quarter at least ).
Currently, after todays fall, 258 stocks are in oversold territory & 162 stocks hit 52 weeks low
coinciding with ur levels of 5220-5180-5170
also, sujata s 5227
& kumar guru's 5222 levels
griding, in other words capitulation ( i dont know the exact spelling ) also seen today..
we are ready to see, dreadful headlines in tomorrows news papers.
Rumours also, that anil ambani may be arrested, ( however, later denied by himself )
all this pointing towards a bottom formation
so, i think, we are in with a bottom for time being.
regards
-------------------------*---------------------------------*-------------------------THEN MY NEXT MAIL, IN CONTINUATION OF THIS MAIL WAS -------------------------------------------------------------------------------------
rochak parekh
to ilango
show details Feb 9
SIR
also, many a stocks meeting the earlier projected downside tgts.
hcc ( 34 ), unitech ( 38 ) etc.
ALSO,
the adag stocks today , i feel, have made ( or in process to make ) a higher tops to 2008 lows ( rel cap - 272 , rel infra - 450 , rel power - 92 & advanced smartly ) to edge higher & higher in days, weeks, months to come.
although, my buying wud be for 6-9 months & of no means, if after i buy, indices head lower to 5000 & lower, after i buy, so, actually require to catch the bottom. ( else as per ur advice, i wud be booking profits, as & when u signal ).
SORYY, need not to reply at all & also, u can ask me to not to send personal query at all, if this bothers u too much sir.
regards
-----------------------*----------------------------*--------------------------------ONE MORE THING I WUD LIKE TO MENTION IS :ITS more than an year than we havent see indices scoring a
TWO CONTINOUS DAY, downfall of 3 % of more. This happens every year compulsarily. SO, seems today is the time.
BUT I MUST TELL U, this fall, as i am expecting,
WUD B VERY VERY LETHAL, CAPITULATING, & SCARY. ( & I MAY BE COMPLETELY WRONG TOO )
U CAN SEE MANY A STOCKS FALLING 20 % OR MORE EVEN.
& THIS WUD ALSO BE A TIME TO BUY STOCKS, SIGNIFICANT TIME TO BUY STOCKS, BUT TIME2BUY2 (
LIST GIVEN BELOW ) again we wud see a downfall, breaking this expected low, but that
wud be after a bounce of say 600-700 points, crossing 200 DEMA, on the upside, again to
convert bears into the bulls ( like happened recently at 5600 ). This
whole process may consume, say 3-4 months & finally we may see a bottom in the range of
16100-14800 sometime in MAY.P
URE SPECULATION, NOTHING ELSE. BUT MIND U, EITHER ON FRIDAY OR MONDAY, SO DONT JUMP TO BUY,
UNTILL I LANGO SIR GIVES A CLEAR SIGNAL FOR THE SAME.
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--------------------------*-----------------------------*----------------------------DUE ATTN. PL. - I MAY B COMPLETELY WRONG IN MY LVLS. MENTIONED. SO KINDLY DONT MAKE MY LVLS. ONLY TO BUY OR SELL THE STOCKS, PL. CONSULT UR FINANCIAL ADVISOR BEFORE FOLLOWING. I WUD NOT BE RESPONSIBLE FOR NE CONSEQUENCES, FOR FOLLOWING THE RECO's GIVEN BELOW. *************************<>****************************<>**************************** STOCKS SPECIFIC APPROACH - LIST OF STOCKS, which r a buy @ CURRENT LEVELS.VIDEOCON - Place a SL below 180 & buy around 188-185. EXCELLENT, opportunity, if 180 stays protected.
DISHMAN - as discussed , place a SL below 87, i expect it to open lower, then a bounce of 4-5 % & then a final blow to make a bottom below yest. low.
GNFC - See, if 100 stays protected, a new yearly high is possible.
ASHOK LEYLAND - IF 45 stays protected, then expecting a good 25-30 bounce, upto 57-58 in 2-3 months, but 81 is a final multimonth top.
SESA GOA - ALthough, the high made in 2010, is an ultimate multimonth or multi year high, but a LOW RISK bet can be taken with a SL below 280, for a 30-35 % bounce, in 2-3 months.
ALOK IND. - Either buy close to 20, placing a SL below 20 OR wait for a level below or Close to 19, then 17 is a GOOD SL, its a GOOD BUY, with expecting a new high for 2011, some times til october.
NALCO - LOOKS, good. DOnt buy immediately, buy IN MARCH , on a decline to 376 or lower, placing a SL below 346. ALTHOUGH, RISK remains, higher of 8 % , rewards, also wud be TOP CLASS, over 50 %. Expecting a a new 2011 high.
NB ventures - RISKY , Short, above 226.5, SL > 229. Tgts 216 & lower.
MPHASIS - LOOKS very good, TODAY, i think, it had made a bottom at 597. BUY IN MARCH, 610 & lower, placing a SL below 572. Expecting it to cross, its all time high very soon, most probably in 2011.
SCI - LOOK PROMISING , 87 & lower. DOnt miss if get around 85.
HPCL - Looks like taking support in the band of 297-302. DONT MISS, if u get it lower to this.
PTC - EXCELLENT BUY, 68 & lower.
GREAT OFFSHORE - TO ME, IT HAS MADE BOTTOM TODAY.
TATA CHEM - Expecting it to fall lower to 160-200, to be a good buy. TAke a risk around 300, if 272 remains protected.
---------------------------*--------------------------*------------------------------ LIST OF STOCKS WHICH ARE A BIG NO NO @ CURRENT LEVELS.
RANBAXY - HAS an unfilled gap @ 488. I am very bearish on the stock. Expecting it to slide below 400. Its an excellent bet at 395-390, with a SL below 363. Expecting again a new high in 2012, if not in 2011.
DLF - DONT REMAIN LONG, on a NIFTY BOUNCE to 5500 or higher, reduce, ur longs. I am expecting it to break 2008 lows.
IGL - DOUBLE TOP, VERY BEARISH, dont touch it, till u get it in sub 130 levels.
JINDAL SOUTH WEST HOLDING - UNFILLED GAP @ 1130, VERY BEARISH. STOCK, as per my expectation wud loose more than 50 % from this level.
MRPL - is a buy , 44 & lower.
JYOTI STRUCTURE - BUY 60 & lower. It may rise, then to levels like 240 & higher, in next 9 months, after making that low.
SINTEX - Shud fall big to 80-100.
BIRLA CORP. - SHUD FALL BIG TO 160-175.
ISPAT - DONT MISS IT, 17 & lower, with a SL below 15, OR ELSE AROUND 10.5-11.
UTV - SHUD BUY, it next big fall, REMEMBER only on a big fall, to 425-410, IF 385, doesnt stay protected, then 250-260 is certain.
CROMPTON - Expecting, if not big, then at least 30 % fall from current levels.
CUMMINS - DOUBLE TOP in place, very bearish. Must fall to 185-220 levels.
FEDERAL BANK - Looks, like double top to me. VERY BEARISH. Must fall to 250-260, with a STOP at 220, OTHERWISE, 135-150 is certain.
TORRENT POWER - VERY BEARISH, can fall to 85 & lower, in coming months.
MAX INDIA - May fall to 115-125, & then score 245-260 in next 6-8 months.
CMC -must fall to 1125-1165 before any meaningfull bounce, & then finally to 450 & lower. I think, its time to exit the stock, at graceful price.
ACKRUTI CITY - INDICES ARE HOVERING AROUND 2009 high & STOCK is trading at LIFETIME LOW. paying penalty for having risen too much too quick , in 2008. MAY fall to 130-111 level before any substancial bounce.
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THIS WEEKEND, MY POST WUD BE COVERING MORE THAN 60-70 STOCKS WITH MY VIEWS ABOUT THE TREND EMERGING IN THEM WITH MY LEVELS.
TILL THEN, HAPPY SAILING
OM SAI RAM
