Tata Power was not expected to go below 84. As long as it stays above 84 there are some bullish potential for the short to medium term. But given larger backdrop, I do not know how it will work out. 85-140 broad range.

Any Views on Tata Power.. The stock has filled the gap which existed on the chart and and is testing its support…. Do you think we can short that stock if it rises to 91 with a sl of 95 and a target of 64..

One another thing, any trade on the rupee bit too.. pls lets know.

Regards

Jayaram

As 4500 seems closer than ever, are you looking at a rebound from there and upto what levels. If there is going to be rebound, could you pls identify what may be good trades, levels for entry and exit so that we can be better prepared.

Like in earlier times, a graphical rep of the potential path and time frames will help the perspective.

I must compliment that you are doing a great job and we are glad to have your support.

Regards

Jayaram

If it does it will be temporary, max 1 session.

No sir

I actually study the charts but i dont use elliot waves.. i use the concept of supply and demand on the charts wherever supply exceeds demand, i short and vice versa and have had good results but i am not able to get the targets from this method plus my experience in the market is a pittiance as compared to you.. i therefore look at you for guidance and support…

Doesnt matter Vivek. Even if they did, it will just be a knee-jerk reaction. Deflation moving to next stage – will take care of everything including precious metals.

Youve got a good feel of the markets without looking at charts (i assume). Cements will crack too. The big move will be lead by Cements, Auto’s and banks. Ambuja price objective 120, ACC 900 but there are no low risk set up. Waiting for one. Grasim would have turned for the longer term if it breaks 2200