WEEKLY REPORT (05122011)
www.janibrothers.in NISHESH JANI
Member of Following Organization
(1) American association Of Individual Investors
(2) Association Of Technical Market Analyst(affi)-Member Of MTA
(3) The Association Of Technical Analyst-Member Of IFTA
As expected in the last week newsletter “SANTA CLAUS RALLY IN MARKET” comes by 1200 point in sensex and 300 point in nifty itself.
In the last week some delivery based stock given and they have given good return like acc rise 8%,itc rise 8%,hul rise 5%,petronet rise 7%,gmdc rise 3%,hero Honda rise 2%,idea rise 1%,while arvind and grindwell Norton fall by 1% each.
In the next few day as earlier week analysis market will not be able to cross 17900 and 5400 in this rally.
In the days to come this rise will be treated as counter trend or pullback rally only, there are few reason behind that.
(1) In this rise of nifty this is the part of 672 point head and shoulder.
(2) As per gan turning date market makes major top and bottom on gain date and as per this gann date was on 1 and 2 December and that has given good rally so probability of trend reverse is higher.
(3) As per time series Monday will be the 8th day from low of 4640 and again this will be considers as trend reversal day.
(4) And more important is low volume and low VIX suggest that this rally will lose steam soon.
Those who are futures traders can keep watch on below stock and can trade short as per their levels, because I cannot give levels right now because it depend on market sentiments but will send to clients.
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3i infotech |
Aban |
Bajaj hind |
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Bgr |
Central bank |
Fsl |
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Gvkpil |
Ivrcl |
Jsw |
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Ktk |
Litl |
Neyveli |
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r.com |
r.infra |
r.power |
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Dchl |
Escorts |
Adani power |
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Sci |
Voltas |
Jp asso |