S&P500: THE REAL PICTURE

When we follow market closely on day-2-day basis, we miss the big picture. Here’s one fact: S&P500 has not seen even a 10% correction since last 2 years. That’s how strong the market has been. But amidst all the strength: What has market actually done?

Here’s S&P500 Weekly Chart: Is market going to Moon  

In 2012, S&P500 built a base around 50 week ma: tested thrice and then took off. In 2013: it did not even correct to 50 week ma even once. It’s a perfect chart that shows market took off in a major major bullish way.

Here’s the S&P500 Daily Chart

In 2013, the market exhibited huge strength and S&P500 saw huge buying interest on even minor corrections to 100 dma. So, that means decline to 100 dma turned out to be good buying opportunity. The message: market is going Higher
BUT WHAT IS THE BIG PICTURE
S&P500 moving up on easy money of QE. Trend persists much longer than one can imagine. S&P500 is in solid uptrend. Is that the Big picture? We all can also debate how this will all end but we again are missing an important point: What has market achieved by moving like this in last two years

The Big Picture is the Chart below:

S&P500 is Trading at New HIGH and it has broken out above double top resistance of 1530-1560. Post Breakout, S&P500 did pullback to 1560 before taking off and rallying to 1800. Now, the Law of Breakout says that S&P500 may pullback either to 1530-1560 completely or a moving average like 100 week ma. Since, S&P500 has moved a lot in last two years, it’s quite likely that S&P500 may stall, build a fresh base at 1530-1560 before launching another upmove. Now, I am sure the decline to 1530-1560 may create anxiety and nervousness and End of Bull market call: but remember market may just be following a simple script of Breakout. That’s one big picture, traders should not keep an eye off.
Market will do what it has to do, we can only guess. The Big picture level to remember: S&P500 has broken out above CY2000 and CY2007 High of 1530-1560 and pullback to those levels cannot be ruled out.

Is 1240 THE FINAL FRONTIER FOR ICICI Bank Stock?

What is Dead end?  A point beyond which no movement or progress can be made; an impasse. Well – Look at ICICI Bank chart over last 7 years.

Here’s the ICICI Bank Monthly Chart

As you can see in the chart above: ICICI Bank has made many attempts to cross over 1240 in last 6-7 years but the stock has failed on every such attempt. It has turned out to be dead end for the stock.
What does this mean?
In market, stuff works as long as it works. Traders/Investors will short/book profit at 1240. Obviously, this all can change if traders decide to build a new road above 1240 – READ BREAKOUT. If ICICI Bank breaks out above 1240 and sustain – it will mark the beginning of new BULL RUN which can take stock much much higher in weeks and months to come.
WAIT FOR NEW ROAD TO EMERGE I.E. WAIT FOR BREAKOUT ABOVE 1240 and till that happens 1240 is dead end for ICICI BANK investors.

ROCKET OF THE DAY:BUY UBL FOR QUICK FIRE MOVE

UBL READY TO BLAST  MSG GIVEN TO CLIENTS LITTLE WHILE BACK

BUY 2000 SHARES UBL @ 810 SL 798  TGT 825- 845- 865 

ALREDY ON FIRE HIT 823 PROFIT 26000 RS ROCKET OF THE DAY

HAS AUROBINDHO MADE SHORT TERM HIGH

AFTER MEGA SUCCESSFUL  CONTINUOUS BUY CALLS FROM 205 AS PREDICTED  IN 2  STOCK WILL HIT 300 BY YEAR END  AUROBINDHO PAHRMA CROSSED 300 TOO

 AT LAST YSTD FOR FIRST TIME  YSTD WE GAVE  SELL CAL TO OUR PAID CLINETS

SELL AUROPHARMA 305-307 SL 312 TGT 290-280 LOT SIZE 2000

 

TODAY STOCK IS FALLING AS WE PREDICTED HIT 299.50 LOW TODAY ALREADY MADE   12000 PROFIT IN BTST 

STOCK FALL ON THE EFFECT OF THIS NEWS

AstraZeneca Inc has sued Aurobindo Pharma Ltd and its US-based subsidiary, for allegedly violating several patents of blockbuster heartburn drug Nexium.

Nexium–generic esomeprazole magnesium delayed-release tablets in 20 mg and 40 mg strengths–is a proton pump inhibitor which reduces acid secretion, reducing the likelihood of developing ulcers. It is prescribed for relief from acid reflux and to treat erosive esophagitis. The drug clocks around $5 bln in annual sales and is amongst the three top selling drugs globally.

HEROMOTO CORPORATION CHANGING GEARS

HEROMOTOCOP IS ALL SET TO CHANGE TO 6TH GEAR AND GOING TO MAKE FRESH ALL TIME HIGH

MSG GIVEN TO CLIENTS TODAY MORNING

HEROMOROCOP:After a couple of failed attempts the stock seems to be headed for a strong breakout in coming days.
Can see a quick move to 2250-2300.
BUY ABV 2140 LOT SIZE 125 SL 2090 TGT 2250-2300 POSITIONAL TRADE  CAN HIT 2200 INTRADAY OR IN  2 DAYS TIME

SEE THE RESULT STOCK IS ON FIRE  AND HIT 2200 OUR INTRA DAY TARGET  STILL STOCK LOOK HOT &FIERY INTRADAY PROFITS 7500 RS

GOOD YEAR INDIA: ONE MORE TYRE STOCK TO ENTER BULL MARKET

MSG GIVEN TO CLIENTS SON NOV 28 TH

Buy Goodyear India - Nice breakout out of a triangle can see a move to 400/450 or higher. Only tyre stock left cmp 369 sl 335 2-4 weeks time will update charts later----today stock achieved target  hit 399 still look very hot stock for medium term 

Nitin Fire: Is a firey move ahead for 2014?

Nitin Fire is one Leadership stock that looks pretty good for 2014. Here’s Why?

Nitin Fire has excellent Leadership chart and it seems the out performance is only going to build from current levels.

As you can see in the chart above: Nitin Fire Protection stock has been in steady uptrend since 2010  and what’s impressive: 1. Took Steady support at 100 week ma and 2. Broke out above 2008 High of 38.4 in 2012. The stock spent a quiet 2013 consolidation at 100 week ma.
This week – stock has managed to bounce on impressive volumes and indicates start of fresh run. So, one can buy Nitin Fire on this assumption with closing stop loss at 55. The stock can go much much higher in 2014. Having said that, this is market and anything can happen.

Breakout Sheet covered in TrendzofMarket

Stock	Initiated Price	CMP	Change	Strategy	Covered	Current Position	Type

.	******	***	***	10.23%	Breakout	11.Nov.2013	HOLD	Investment
.	THOMASCOOK	74	82.25	11.15%	Swing Trade + Breakout	11.Nov.2013	HOLD	Trading
.	FINCABLES	65.8	75.25	14.36%	Breakout	13.Nov.2013	HOLD	Investment
.	******	2***	2***	6.80%	Breakout	18.Nov.2013	HOLD	Investment
.	PEL	538	500	-7.06%	Breakout	22.Nov.2013	EXITED	Investment
.	NIITTECH	311	339	9.00%	Breakout	21.Nov.2013	HOLD	Investment
.	KPIT	147	146	-0.68%	Breakout	21.Nov.2013	HOLD	Investment
.	SASKEN	145	152	4.83%	Breakout	21.Nov.2013	HOLD	Trading
.	NITINFIRE	62.75	62.75	0.00%	Leadership	04.Dec.2013	HOLD	Investment