COMEX - HG Copper ( Bearish Outlook) 4/2/10

RSI Negative Divergence has been witnessed in weekly chart and addition "Bearish Engulfing" has formed in Monthly chart which indicates correction is unfolding. If the support level of 2.9535 is violated and then downside target will be at 2.6666 - 2.4575 which is retracement level is taken from the low of 1.2550 to the high of 3.5440 range.

Gold ( Cash ) - Bearish Outlook (29/01/10)

Gold Short to medium term target - 1025 - 1009 - 985

DJIA - Bearish Outlook

DJIA - Rising Wedge Breakdown has been witnessed which indicates Dow fall towards 9700-9500 range only on breakdown and close below 10000

US Dollar Index - Bullish Outlook

L&T - Short Term Outlook

Correction is unfolding. Target will be at Rs 1530 - Rs 1485

Nifty Outlook - 20/01/2010

Nifty Should test 2180 - 2169 - 2150 range

Nifty Short to Medium Term Outlook - 4/1/2010

Nifty Medium Term Outlook - 4 /1 / 2010

Wave Analysis - BF Utilities ( 15/01/10 )

Wave Analysis - BF Utilities Short Term Outlook ( 15/01/10 )

Wave Analysis - BF Utilities Medium Term Outlook ( 15/01/10 )

Pepper - NCDEX Medium Term Outlook - 13/01/10

Pepper NCDEX - Short Term Taget 13000 - 12500

Pepper NCDEX - Short term Outlook

Pepper NCDEX - Weekly Chart

IDFC – Elliott Wave Analysis

Strategy:
1) The Long Term Investors can buy at current price or corrective dip to Rs 62- Rs 52 as the opportunity arises.

2) Traders who are all holding long position can maintain a stop loss of Rs 64 or exit long positions.Re- Enter long positions only on break out and close above Rs 85.

IDEA CELL – Elliott Wave Analysis

IDEA CELL – Wave c of wave (x/b) correction should be limited to Rs 60–Rs 56–Rs 55 . [ Target of wave c of wave (x/b) ]

The above daily chart shows the entire historical structure is three wave corrective structures. IDEA’s long term uptrend started from 34.05 (27 Oct 08) with a three wave corrective structure.
Wave (w/a) – Rs 34.05 – Rs 91.70.
Wave (x/b) – Rs 91.70 – Rs 60.10. [In progressing]
Now we are in wave c of wave (x/b). Wave c of wave (x/b) correction should be limited to Rs 60 – Rs 56 (RSI Oversold Zone). If the wave (x/b) is complete wave (y/c) will start moving up.

If the price is able to close above the resistance level of Rs 85, this would be the signal the wave (x/b) correction already ended, and then up move should resume for retest of Rs 91.70[This is the top of wave (w/a)]. If the wave (w/a) top is break and then would confirm wave (y/c) is progressing already. If that happens the wave (y/c) target will be at 100% - 138.% - 161.8% projection level of wave (w/a) – wave (x/b).

Support level placed at Rs 60. Once the support level of Rs 60 is violated and then the stock fall and test towards Rs 58 –Rs 56 range. This would be the last correction.
Resistance level placed at Rs 74 – Rs 78. The last week candle is slightly high which indicates the price will move with in the range between Rs 75 – 60 in couple of days or weeks.

Target:
Long term target will be at Rs 145.90 – Rs 161.
Medium term target will be at Rs 97 – Rs 113 –Rs 129.

Trend:
Medium term trend – Bullish.
Long term trend – Bullish.
Short term trend – Bearish.

Strategy:
1) Long to medium term investors can buy at corrective dip to Rs 60 – Rs 56 - Rs 55.

Turmeric Ncdex - Elliott Wave Analysis

USD/GBP Wave counts

Long Term Investment - Balkrishna Industries

The above monthly chart shows the entire historical structure

[ a ] – [ b ] – [ c ] “Elongated Flat Pattern “ .

Wave counts are as follows:

Wave [ a ] with internals of
Wave (a) – Rs 6.25 to Rs 83.33.
Wave (b) – Rs 83.33 to Rs 5.83.
Wave (c) – Rs 5.83 to Rs 1298.

Wave [ b ] with internals of
Wave a – Rs 1298 – Rs 440.
Wave b – Rs 440 – Rs 903.
Wave c – Rs 903 – Rs 120.

Wave [ c ] is in progress. In Long Term Perspective wave [ C ] expected to end at Rs 1000 at least which is the 75% retracement level of wave [ b ]. On further sustained rise and close above Rs 1000 and then we can expect the stock move towards the historical high of Rs 1298.

Support will be at Rs 180 – Rs 135.

Resistance will be at Rs 210. If the price rise and close above Rs 210 and then the stock rise towards Rs 395 which is the 23.6% retracement level of wave [ b ]. On further sustained rise and close above Rs 395 and then we can expect the stock rise towards 38.2% - 50% - 61.8% - 75% retracement level of wave [ b ]. The retracement levels are placed at Rs 568 – Rs 708 – Rs 835 – Rs 1000.

Long Term Investment - Balkrishna Industries

Long Term Investors - Maharashtra Seamless

The above monthly chart shows one major Motive Wave is complete From the low of Rs 8 to the historical high of Rs 675 which as marked as wave [ i ]. From the historical high to the higher bottom of Rs 111.80 is marked as wave [ii]. Wave [ii] is a-b-c three wave corrective structures. Wave [ii] is retraced 85% of wave [i]. Now we are traveling in the internals of wave [iii]. In long term perspective, Wave [iii] is retraced 161.8% of wave [i]. The retracement level is placed at Rs 1186.
Support level is at Rs 164 – Rs 140 – Rs 111. If the important support level of Rs 111 is violated and then the stock fall towards Rs 90 – Rs 52 – Rs 23 range.

Resistance level is at Rs 221. If the price rise and close above Rs 221 and then the stock rise towards Rs 245 which is the 23.6% retracement level of wave [ii]. On further sustained rise and close above Rs 245 and we can expect the stock rise towards 38.2% - 50% - 61.8% retracement level of wave [ii]. The retracement levels are placed at Rs 326 – Rs 393 – Rs 465.

Strategy:
Long Term Investors can buy on corrective dip to Rs 164 –Rs 140 – Rs 111range as the opportunity arises.