Updates for abc-x...

In posting of 24th May I have shown abc-x.....but looking y'days fall some chages there...keeping y'days low as a...
see chart again....
now b will be running up.....max 4950/5000/5050...(4786 must protected)
lets see how it happens....

On chart there is abc - x - a shown.....
now running b.....it is expected upto 4985/5030/5075..
max it can streatch to 5145....

Some deliveries......

1)Buy tisco ..480 to 500....sl 465...tgt..590/630
2)Buy icici ..800 to 820....sl 775...tgt..895/935
3)Buy sail ..195 to 200....sl 180...tgt..225/235
4)Buy ster ..620 to 630....sl 600...tgt..730/790
5)Buy ifci .. 47 to 49....sl 45...tgt.. 53/ 56
6)Buy idfc ..149 to 152....sl 144...tgt..165/172
7)Buy idbi ..109 to 112....sl 106...tgt..120/126
8)Buy mcleod..196 to 200....sl 186...tgt..225/255
9)Buy bhel ..2275to2290....sl2260...tgt..2390/2480
10)Buy rel .. 975 to 990...sl 960...tgt..1060/1095
NOTE..i) sl is on closing basis...
ii) if nifty breaks 4830 dont consider/hold ..will see fresh
iii) tgt period 3/4 months..
iv) enter with accumulation method..keep booking partially
v) enter at your own risk, will update but not binding on me
vi) I personally might be/not be entering in these scrips

Bubble is bursting at last

All is well....this is not only the catchy line of latest film 3 Idiots.....but this is the day to day 'Mantra' on dalal street since last 6/9 months......economy does'nt grow only on plastic products like mobile handset and computers....and never grows on just service sector.....core sector development needed.....
the debt fear is a just a trigger.....and now bubble is bursting......
this night DOW plunged near about 1000 points dragging it below 10,000....the VIX is at 6 months high......
IS 12500/11000 FAR AWAY ON SENSEX.....????????
I say NO...!!!!!!
think over it....
if you have invested @ 18k/17k and it came back to 11k or even tested earlier low....then you will have courage to say ALL IS WELL with keeping hand on you heart??

WHERE TO STOP....???

As expected nifty breaks 5200...as expected fall was sudden and big....where to stop this...??
In my earlier post I have given the targets.....on charts if we see... the low of 18 May 2009 ..(3674)..it connects @ 4970(approx....lower red line).....if we taken low of 19 August 2009..(4354)...it connects @ 4892..(green line)...if and one more tgt we can see which is 4830...(hori..redline).....
Before that for Tuesday...I expect 5102/5050/5032.....

As said on 09 April 2010
wave 3 total points 593....
now 4th down might possibly with tgts of....
593*38.2% = 226 ...5398-226=5172
593*50% = 296 ...5398-296=5102
593*61.8% = 366 ...5398-366= 5032

so 5172 was the tgt and it touched 5161.....
now ..
if this 4th wave taken as A B C
then
5398-5161 = 237 which should be taken as A
5161 to 5342 = 181 ( 80 % of A) which should be taken as B
5342 to 5198= 144 ( 80 % of B)which should be taken as C

If C is not yet completed @ 5198 then tgt for this leg would be

1)100% Of B ...means 5342 - 181 = 5161
2)161.8% of B ...Means 5342 - 292 = 5050
3)261.8% of B ....means 5342- 473 = 4869

If C is completed @ 5198...
then
nifty is in its final 5th wave......
tgs for this leg as follow..
1)61.8% of 4th wave = 237 = 146....so 5198*146 = 5344
2)80% of 4th wave = 237 = 189....so 5198+189 = 5387
3)161.8% of 4th wave = 237 ..... so 5198+383= 5581

so for trading...
one should buy @ cmp with sl @ 5198...for tgt of 5344/5387/5581
or
one should short with sl 5344 for tgt of 5161/5050/4869