Hi Nilesh, as of now the 200dma will act as a strong resistance level. its at 5600. technically its possible nifty test 5580-5600 once but if unable to cross it, can head lower to 5480 levels again

Hi Gitanjali, yes, bajaj auto.. have a good weekend

Hi phani, it has results on Monday. depends on its outcome. overall seems will be positive

Hi arko, go with kernex in small quantity for now

Hi Rajdeep Bhattacharjee, it has been moving in the 280-320 zone since long. hold it. if markets improve a bit, can head higher to 310-315

Hi salim, fundamentally its a sound company. for now its a hold. don't avg it yet.

Hi pooja, it has strong resistance at 130. would advice to enter it if crosses 130

Sir Can we enter IDBI Bank on monday , as it closed above it's 200 DMA (140) .

HI CB,
Why down Nelcast & BFinvest day by day?

I HAVE ISPAT @ 25.5 IS IT COME BACK NEXT WEEK

SOME COMMONSENSE IN A NONSENSE MARKET
Filed Under (Trading Skills) by Deepak Singh on 28-01-2011

Market is in bear territory and here are few great trading quotes that can be of great help to all of us in understanding market behaviour and navigating turbulent times
Market Observations
Bull markets live above 200 dma whereas Bear markets live below 200 dma.
In Bull market, fundamental and technical analysts both look genius. In bear market, they look ugly.
Any analyst who talks of support in down trending market and resistance in up trending market has actaully no idea of markets. Because in Bull markets, no resistances matter and in down trending market, no support holds
We can discuss fundamentals forever, but what ultimately matters is the price (and, to a lesser degree, what people think about the price). The price is what we trade, and the price is what we should primarily follow.
Prices are derived by perceptions and that’s why they always look ridiculous to logical and rational people. Prices are like emotions. Do you find other people’s emotions rational
I can calculate the motion of heavenly bodies but not the madness of people…Issac Newton. It’s better to accept the market for what it is than cry foul and justify your ego
The most important information available in a market is how it’s acting right here, right now. A lot can happen in 12 months, so rather than make predictions about how the market will look next spring or next fall, I take each day as it comes
See, when you drive home today, you’ve got a big windshield on the front of your car. And you’ve got a little bitty rearview mirror. And the reason the windshield is so large and the rearview mirror is so small is because what’s happened in the past is not near as important as what’s in the future. Where the market is going is much more important than where it has been.

The charts are like x-rays that shows the internal health of the market and it is important to pay close attention to them
The biggest problem in charting is wishful thinking. Traders often convince themselves that a pattern is bullish or bearish depending on whether they want to buy or to sell.
Trade the market for what it is and NOT what you want to see
Chalte Chalte
If the markets were certain then there would be no markets. No one can give you a 100% guarantee of what market will do; all we know is what it can do.
Believe nothing just because a so-called wise person said it. Believe nothing just because someone else believes it. [I am talking of market experts]
Market experts are people too, just like you and me. They put their pants on one leg at a time, and they’re prone to making investing mistakes just like the rest of us
The market is a genius. It’s only wrong twice: At the very top and at the very bottom. Most of the market experts are fools because they keep predicting top and bottom all the time
Courtesty www.stateofthemarket.net/blog

Sir,
Today I am bought IFCI Feb 60 CA @ 0.75 . What level can see IFCI in coming days ? Pl. suggest

Thanks CB. Bougt BGR at 598. In which level I have to average ? Kindly reply.