Saturday, October 30, 2010

Market Status

 

Market status as on today is bearish. Attached herewith the weekly chart of NIFTY. You cab see that the “ Real Body size” of the red candlesticks are increasing. Additionally, the candlestick # 4, has closed below the candlestick #2. This is not a good sign at all.

 

Now the stock selections.

 

Kick-Starters Bullish: Essar Oil, Southern Ispat and Energy

 

Kick-Starters Bearish: UCO Bank

 

Garden Fresh Bullish: Alembic, Bedmutha Industries, Rei Agro, Sonata Software

 

Garden Fresh Bearish: Motherson Sumi Systems, SJVN Limited

 

Note: You may consult your broker before putting money into it.

 

Such selections are being published everyday through my site. Now you can get it directly on your mobile, with no cost to you. To avail this facility, you need to join the Ftalarms SMS group. Type “JOIN Ftalarms” and send it to 9223492234.

 

Other Updates:

Gold: in SHORT mode.

Silver: in LONG mode.

Crude: in LONG mode

DOW: in LONG mode

Hang Seng: In SHORT mode

NIKKEI: In SHORT mode

 

 

 

Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.

MASTERSTROKES