USDINR bottom out not expected below 60 per$
Thursday, March 27, 2014
Tuesday, March 25, 2014
NIFTY and BANK NIFTY chart Updates
Bank Nifty April if holds the higher level of 12700 on closing basis will test the lower level of 11500 - 10500 - 9500 on lower side. CMP is 12580
Nifty is forming Bullish pennant formation after the uptrend and is showing sign of hhigher to and higher bottom formation. if the higher resistance level of 6610 is holding with stop loss of 6640 can wait for lower support of 6520 as first support and further trading below 6520 will confirm the down trend where it will test the level of 6300 - 6220 on lower side.
Monday, March 24, 2014
One pager report on WTI OIL Positional Buy for 107.5 - 110.75
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WTI OIL Buy @ 99.6 CMP Stop @ 98 TGT
102 – 104.5 – 107.5 – 110.75
Looking from the above chart WTI Oil
has fallen from the level of 112.2$ and tested the lower level of 91.75$, where
after a short pull back in form of profit booking till 100.7$ retested the
lower level of 91.40 which has given a formation of Double bottom. This pattern
indicated reversal in price and taking a small resistance at midpoint at 100.7
continued the uptrend and tested the level of 105.2$ from where reversal in
prices were seen. Generally when the pattern formation is formed and thereafter
directional movement is seen it indicates the movement of wave pattern
formation, either this might be in the form of a-b-c wave or can show sign of 5
wave pattern formation. Initially we will take it as Elliot wave pattern of impulsive wave as its just completing the
wave (ii) which has retraced by 61.8% of the wave (i) and is showing sign of
entering in wave (iii) where we can look at minimum of 107.5 which is 76.4% of
wave (i) from bottom of wave (ii), OR might test the level of 110.75 which
comes to 100% retracement of wave (i) on higher side. After testing the higher
level of 107.5$ to 110.75$ which is near the top of 112.2$ where the market has
started falling, slight correction can be expected in the form of wave (iv) and
then reenter in uptrend in the Elliot wave pattern formation.
Pattern
refers to the wave patterns or formations, while ratio (the relationship
between numbers, particularly the Fibonacci series) is useful for measuring
waves. To use the theory in everyday trading, the trader determines the main
wave, or supercycle, goes long and then sells or shorts the position as the
pattern runs out of steam and a reversal is imminent.
·
The Five-Wave
Pattern: In
its most basic form the Elliott Wave Theory states that all market action
follow a repetitive rhythm of a five waves in the directions of the main trend
followed by three corrective waves (a "5-3" move)
·
Fibonacci
Price Extensions
Fibonacci price extensions are used
by traders to determine areas where they will wish to take profits in the next leg
of an up-or downtrend. Percentage extension levels are plotted as horizontal
lines above/below the previous trend move. The most popular extension levels
are 61.8%, 100.0%, 138.2% and 161.8%.
Rajeev Darji; +91-9820987859 : Blog –
rajeevdarji.blogspot.com
Wednesday, March 12, 2014
Thursday, February 27, 2014
Russian Flag Raised as Gunmen Seize Ukraine’s Crimean Parliament By Henry Meyer and Jake Rudnitsky Feb 27, 2014 1:35 PM GMT+0530
Pro-Russian demonstrators wave Russian flags during a protest in front of a local government building in Simferopol, Crimea, Ukraine, on Feb. 26, 2014.
An armed group occupied the parliament and government buildings in the capital of the Crimea region, replacing the Ukrainian flag with Russia’s tricolor.
The occupiers have yet to make any demands, Lilia Muslimova, a spokeswoman for the head of the Crimean Tatar council, said by phone from Simferopol, the regional capital. While the situation is “crisislike,” the attackers aren’t acting aggressively, Crimean Prime Minister Anatoliy Mogilev said on ATR television today.
Interior Ministry troops and police are on alert and have cordoned off the block around the Crimean parliament building, Ukraine’s acting Interior Minister Arsen Avakov wrote on his Facebook page.
Events in Kiev that led to last week’s ouster of Viktor Yanukovych are rattling parts of Ukraine’s Russian-speaking east and south. Hundreds of pro-Russian protesters faced off yesterday against thousands of Ukrainian Tatars in Simferopol, with fistfights breaking out. Russia’s Black Sea fleet leases its main base from Ukraine in Sevastopol, 80 kilometers (50 miles) from the regional capital.
“Provocateurs are on the march,” Avakov wrote. “It’s time for cool heads, the consolidation of healthy forces and precise actions.”
Talks with the gunmen were scheduled to begin at 9 a.m., Mogilev said.
Barricades stand in front of a local government building with a banner which reeds:... Read More
To contact the reporters on this story: Henry Meyer in Moscow at hmeyer4@bloomberg.net; Jake Rudnitsky in Moscow at jrudnitsky@bloomberg.net
Warning: Stocks Will Collapse by 50% in 2014 Wednesday, 26 Feb 2014 03:58 AM
It is only a matter of time before the stock market plunges by 50% or more, according to several reputable experts.
“We have no right to be surprised by a severe and imminent stock market crash,” explains Mark Spitznagel, a hedge fund manager who is notorious for his hugely profitable billion-dollar bet on the 2008 crisis. “In fact, we must absolutely expect it."
Unfortunately Spitznagel isn’t alone.
“We are in a gigantic financial asset bubble,” warns Swiss adviser and fund manager Marc Faber. “It could burst any day.”
Faber doesn’t hesitate to put the blame squarely on President Obama’s big government policies and the Federal Reserve’s risky low-rate policies, which, he says, “penalize the income earners, the savers who save, your parents — why should your parents be forced to speculate in stocks and in real estate and everything under the sun?”
Billion-dollar investor Warren Buffett is rumored to be preparing for a crash as well. The “Warren Buffett Indicator,” also known as the “Total-Market-Cap to GDP Ratio,” is breaching sell-alert status and a collapse may happen at any moment.
So with an inevitable crash looming, what are Main Street investors to do?
One option is to sell all your stocks and stuff your money under the mattress, and another option is to risk everything and ride out the storm.
But according to Sean Hyman, founder of Absolute Profits, there is a third option.
“There are specific sectors of the market that are all but guaranteed to perform well during the next few months,” Hyman explains. “Getting out of stocks now could be costly.”
How can Hyman be so sure?
He has access to a secret Wall Street calendar that has beat the overall market by 250% since 1968. This calendar simply lists 19 investments (based on sectors of the market) and 38 dates to buy and sell them, and by doing so, one could turn $1,000 into as much as $300,000 in a 10-year time frame.
“But this calendar is just one part of my investment system,” Hyman adds. “I also have a Crash Alert System that is designed to warn investors before a major correction as well.”
(The Crash Alert System was actually programmed by one of the individuals who coded nuclear missile flight patterns during the Cold War so that it could be as close to 100% accurate as possible).
Hyman explains that if the market starts to plunge, the Crash Alert System will signal a sell alert warning investors to go to cash.
“You would have been able to completely avoid the 2000 and 2008 collapses if you were using this system based on our back-testing,” Hyman explains. “Imagine how much more money you would have if you had avoided those horrific sell-offs.”
One might think Sean is being too confident, but he has proven himself correct in front of millions of people time and time again.
In a 2012 interview on Bloomberg Television, Hyman correctly predicted that Best Buy would drop down to $11 a share and then it would rally back up to $40 a share over the next few months. The stock did exactly what Hyman predicted.
Then, during a Fox Business interview with Gerri Willis in early 2013, he forecast that the market would rally to new highs of 15,000 despite the massive sell-off that was haunting investors. The stock market almost immediately rebounded and hit Hyman’s targets.
“A lot of people think I am lucky,” Sean said. “But it has nothing to do with luck. It has everything to do with certain tools I use. Tools like the secret Wall Street calendar and my Crash Alert System.”
With more financial uncertainty that ever, thousands of people are flocking to Hyman for his guidance. He has over 114,000 subscribers to his monthly newsletter, and his investment videos have been seen millions of times.
In a recent video, Hyman not only reveals the secret Wall Street calendar, he also shows how his Crash Alert System works so that anybody can follow in his footsteps (click here to watch it now).
“We have no right to be surprised by a severe and imminent stock market crash,” explains Mark Spitznagel, a hedge fund manager who is notorious for his hugely profitable billion-dollar bet on the 2008 crisis. “In fact, we must absolutely expect it."
Unfortunately Spitznagel isn’t alone.
“We are in a gigantic financial asset bubble,” warns Swiss adviser and fund manager Marc Faber. “It could burst any day.”
Faber doesn’t hesitate to put the blame squarely on President Obama’s big government policies and the Federal Reserve’s risky low-rate policies, which, he says, “penalize the income earners, the savers who save, your parents — why should your parents be forced to speculate in stocks and in real estate and everything under the sun?”
Billion-dollar investor Warren Buffett is rumored to be preparing for a crash as well. The “Warren Buffett Indicator,” also known as the “Total-Market-Cap to GDP Ratio,” is breaching sell-alert status and a collapse may happen at any moment.
So with an inevitable crash looming, what are Main Street investors to do?
One option is to sell all your stocks and stuff your money under the mattress, and another option is to risk everything and ride out the storm.
But according to Sean Hyman, founder of Absolute Profits, there is a third option.
“There are specific sectors of the market that are all but guaranteed to perform well during the next few months,” Hyman explains. “Getting out of stocks now could be costly.”
How can Hyman be so sure?
He has access to a secret Wall Street calendar that has beat the overall market by 250% since 1968. This calendar simply lists 19 investments (based on sectors of the market) and 38 dates to buy and sell them, and by doing so, one could turn $1,000 into as much as $300,000 in a 10-year time frame.
“But this calendar is just one part of my investment system,” Hyman adds. “I also have a Crash Alert System that is designed to warn investors before a major correction as well.”
(The Crash Alert System was actually programmed by one of the individuals who coded nuclear missile flight patterns during the Cold War so that it could be as close to 100% accurate as possible).
Hyman explains that if the market starts to plunge, the Crash Alert System will signal a sell alert warning investors to go to cash.
“You would have been able to completely avoid the 2000 and 2008 collapses if you were using this system based on our back-testing,” Hyman explains. “Imagine how much more money you would have if you had avoided those horrific sell-offs.”
One might think Sean is being too confident, but he has proven himself correct in front of millions of people time and time again.
In a 2012 interview on Bloomberg Television, Hyman correctly predicted that Best Buy would drop down to $11 a share and then it would rally back up to $40 a share over the next few months. The stock did exactly what Hyman predicted.
Then, during a Fox Business interview with Gerri Willis in early 2013, he forecast that the market would rally to new highs of 15,000 despite the massive sell-off that was haunting investors. The stock market almost immediately rebounded and hit Hyman’s targets.
“A lot of people think I am lucky,” Sean said. “But it has nothing to do with luck. It has everything to do with certain tools I use. Tools like the secret Wall Street calendar and my Crash Alert System.”
With more financial uncertainty that ever, thousands of people are flocking to Hyman for his guidance. He has over 114,000 subscribers to his monthly newsletter, and his investment videos have been seen millions of times.
In a recent video, Hyman not only reveals the secret Wall Street calendar, he also shows how his Crash Alert System works so that anybody can follow in his footsteps (click here to watch it now).
Wednesday, February 19, 2014
One Pager Positional Report On S&P 500 Expected Target 1775 - 1715 - 1650 CMP 1835
S&P 500 Indices SELL @ 1835 stop @ 1905 TGT 1775 –
1715 - 1650
The double top and double
bottom are another pair of
well-known chart patterns whose names don't leave much to the imagination.
These two reversal patterns illustrate a security's attempt to continue an
existing trend. Upon several attempts to move higher, the trend is reversed and
a new trend begins. These chart patterns formed will often resemble what looks
like a "W" (for a double bottom) or an "M" (double top).
Double Top
The double-top pattern is found at the peaks of an upward trend and is a clear signal that the preceding upward trend is weakening and that buyers are losing interest. Upon completion of this pattern, the trend is considered to be reversed and the security is expected to move lower.
The first stage of this pattern is the creation of a new high during the upward trend, which, after peaking, faces resistance and sells off to a level of support. The next stage of this pattern will see the price start to move back towards the level of resistance found in the previous run-up, which again sells off back to the support level. The pattern is completed when the security falls below (or breaks down) the support level that had backstopped each move the security made, thus marking the beginnings of a downward trend.
It's important to note that the price does not need to touch the level of resistance but should be close to the prior peak. Also, when using this chart pattern one should wait for the price to break below the key level of support before entering. Trading before the signal is formed can yield disastrous results, as the pattern is only setting up the possibility for the trend reversal and could trade within this banded range for some time without falling through.
Again, volume should be an important focus as one should look for an increase in volume when the security falls below the support level. Also, as in other chart patterns, do not be alarmed if there is a return to the previous support level that has now become a resistance level in the newly established trend.
The double-top pattern is found at the peaks of an upward trend and is a clear signal that the preceding upward trend is weakening and that buyers are losing interest. Upon completion of this pattern, the trend is considered to be reversed and the security is expected to move lower.
The first stage of this pattern is the creation of a new high during the upward trend, which, after peaking, faces resistance and sells off to a level of support. The next stage of this pattern will see the price start to move back towards the level of resistance found in the previous run-up, which again sells off back to the support level. The pattern is completed when the security falls below (or breaks down) the support level that had backstopped each move the security made, thus marking the beginnings of a downward trend.
It's important to note that the price does not need to touch the level of resistance but should be close to the prior peak. Also, when using this chart pattern one should wait for the price to break below the key level of support before entering. Trading before the signal is formed can yield disastrous results, as the pattern is only setting up the possibility for the trend reversal and could trade within this banded range for some time without falling through.
Again, volume should be an important focus as one should look for an increase in volume when the security falls below the support level. Also, as in other chart patterns, do not be alarmed if there is a return to the previous support level that has now become a resistance level in the newly established trend.
S&P
500 is showing sign of formation of double top formation at the level of 1840 –
1845 level and if the resistance of 1905 is holding on weekly closing basis
it’s expected that the market will test the midpoint at 1744 as first support
and if the pattern continues then 1650 will be the expected target.
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