Reliance Inds — Near to 73.6% retracement just like 2008. So expect a bounce back.   Have never given a buy call on Reliance Inds since a long time. After LnT this is the next large cap which is under radar on accumulate.   Will keep a stoploss of 620-640 for it.   Another [...]

Just jotting down some of the posts done on Gold very recently.   A positive view initiated at 22000 levels — Gold Medium Term View   Mentioned about a mad rush for gold to start once it starts trading above 1700 which would be speculative –Speculative move above 1700   Gold advised as getting into [...]

Although this post may be of zero interest but while looking at global indices and stocks came across some seriously bullish charts.   Lets look at them     Dow Jones Weekly —- Its reaching a crucial resistance zone of 12500. Although one may even take it as a rising wedge but sustained closing above [...]

I was reading a few reports of Foreign broking firms. Some important notes out of it for the year 2011   Trading activity was marked by strong volumes in derivates markets (at record levels), even though the cash turnover fell to a seven-year low, and, compared with % of market cap, it was at its [...]