gold

gold : at 1537!

few stocks

few stocks on nse i like are for short moves:

apollo tyres: small move to 80

sbi: move to 3100-3200

coal india : move to 400

petronet: move to 145+

besides these: jindal steel, hind zinc, hcl tech, titan look okay.

keeping an eye on RIL, it s under an unnatural consolidation phase and will lead the next phase up of the indian markets (without any doubt).

whenever ( thats the important question actually) it comes out of this 'consolidation', it will atleast be 2000+

gold

gold hits 1500 usd!

some more upside left atleast.min tgt remains 1540 usd

markets

-oil has hit 110 usd ! so it has been absolutely on track.

- gold is at 1465$ and seems on way for the before mentioned tgt of 1540usd mentioned some time back.i feel its going to give a berserk move very soon

- spx is almost at top of its range.

- indian markets have also started their period of base formation and almost the low is in.

the low was in actually the market had a turnover of over 3.0 lac crore.

however a larger consolidation phase is continuing and will continue to frustrate.

crude oil

crude oil has hit 100$.

pretty much on forecasted lines so far.

sensex

sensex has corrected quite significantly ,which begets the question: has a medium term downtrend begun?i have been asked this most over the last one month or so

perhaps a C wave has begun ?

i have been off markets for last 45 days or more.so havenot looked at charts..

i am looking to get back to markets soon though not decided the time as yet since budget period is not the prettiest trading period.

further nifty is at levels where there has to be a bounce since 5350 levels shouldnot break in one or two go's.

but the day LIC HSG Fin and SBI's of the world reacted the way they did,it became very clear that banking index and financials which have really lead the way willnot do so anymore and rotation is now in order.LIC has almost halved from the peak price , which doesnot ordinarily happen in small corrective pattens..

so i will make an analysis maybe this weekend or arnd that time.

but whatever wave it is , the lows of the bear market will not be broken. sensex 14000 is just about the floor. so one shouldnot get overly excited about the C wave devastation!!

i ll post more accurate levels once i review the charts.

spx

spx continues too fool every top caller in this trading world!