{"id":1267,"date":"2011-11-28T03:26:40","date_gmt":"2011-11-28T03:26:40","guid":{"rendered":"http:\/\/www.cashthechaos.com\/blog\/?p=1267"},"modified":"2014-01-14T22:42:39","modified_gmt":"2014-01-14T22:42:39","slug":"technicals-28th-nov-2011","status":"publish","type":"post","link":"https:\/\/www.cashthechaos.com\/blog\/2011\/11\/28\/technicals-28th-nov-2011\/","title":{"rendered":"Technicals 28th Nov 2011"},"content":{"rendered":"

Nifty(4710): As promised the bigger picture on the Nifty<\/p>\n

\"\"<\/a><\/p>\n

Basically, the purple wave 3 shown on chart is still in progress and is likely to end around 4380 when the red wave 5 completes its move. This is my\u00a0preferred\u00a0road map for the Indian markets. As mentioned in my January 19th 2011 interview with CNBC<\/span><\/strong>, the process of retesting the 2009 lows is very much on the cards. We will have some more clarity as to where the markets are headed once the the red wave 5 completes.<\/p>\n

Open positions:<\/p>\n

Silver: Short at $34.2 stop revised to $33.5, partially booked at $31.4<\/p>\n

Apollo Tyres: Long at 64 with stop 59 Target 71<\/p>\n

Hero Moto: \u00a0Short at 2025 with stop at 2130 tgt 1900<\/p>\n

\"\"<\/a>

Hero Motors - Daily chart<\/p><\/div>\n

Watch out for Hero, the medium term picture is about to turn a corner, volumes picking up on downsides. Below 1900 might even drop to 1450. We will adjust dynamically.<\/p>\n","protected":false},"excerpt":{"rendered":"

Nifty(4710): As promised the bigger picture on the Nifty Basically, the purple wave 3 shown on chart is still in progress and is likely to end around 4380 when the red wave 5 completes its move. This is my\u00a0preferred\u00a0road map for the Indian markets. As mentioned in my January 19th 2011 interview with CNBC, the […]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42,76],"tags":[],"class_list":["post-1267","post","type-post","status-publish","format-standard","hentry","category-indian-stocks","category-premium-content","category-42-id","category-76-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/1267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/comments?post=1267"}],"version-history":[{"count":3,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/1267\/revisions"}],"predecessor-version":[{"id":1272,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/1267\/revisions\/1272"}],"wp:attachment":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/media?parent=1267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/categories?post=1267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/tags?post=1267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}