KSE 29/4/2006

ML study Update.

Gold 26/4/06

Symmetrical triangle formation in gold.

KSE 22/4/06

Alrighty, 11,022 – a little shy. 10825 saw a powerful triple top to keep the rise at bay.
That level also coincided with a 50% retracement of the the fall we saw.

What next.. All important level of 10235 which a strong fib confluence zone should hold. Or else we see 9840 for starters as indicated by the ML studies and a possible retest of the previous low of 9670.

Lots of action expected this week!!!

Gold

Possible turn date around 21-22 this month based on fibo time lines.

We should not rule out a 8-10% correction at this point in time.

Nifty 13/4/06

This was very much on the cards after the euphoric rise that we witnessed over the past two months. The indices appeared to have settled down at the lower levels however more is still on the cards. Based on the andrew lines I wouldn’t be surprised to see 3140 levels for the Nifty April Future in the coming sessions.

k0Rn

Corn…if a break above 245 can be sustained, we should see a level of 255-258 in the near term.
Its only apt that i am playing korn’s -Freak on a leash!

Fibo Price Projections on my favorite stocks

Two of my favorite stocks which i believe will be the darlings of the markets in the coming months, namely Tata Chemicals & ITC.