Sensex Technical View –Short Term Bottom in Sight and Bounce on Cards. SENSEX BOTTOM ?? AS I informed you Same views as informed now PPS by Mr. Mirani

Inverted Head and Shoulders support at

Sensex – Inverted Head and Shoulders Neckline at Inverted Head and Shoulders ( points a medium term bottom )

Technical Downside Targets almost close.

Sensex – An old chart of 17 August on the website suggesting a slide to possible

Sensex – An old chart of 17 August suggesting a slide to possible

Parallel Channel Support at

Parallel Channel Target/Support at

Head and Shoulders Target Done

Shoulder Size Done- Expect some pullback now Shoulder Target done for a irregular Head and Shoulders Pattern

Head and Shoulders Target Done

Index new lows but RSI Higher – Good Positive Divergence Follow up Price action needed RSI Positive – Can it Do a quick pullback like last time

RSI – Now at October 2008 levels.

Strategy 1)Strong Supports placed at ( )on various parameters 2)Investment buying or even Averaging can be initiated from current levels and one can scale up their positions on every dip. 3) Risk-Reward Ratio is now in favour of long positions and traders with good risk appetite may go long at current levels with a stoploss at closing basis. 4) Traders may watch a move above as a price action confirmation. 5) Also one should keep booking partial profit on rise to or on stock specific bounces 6) Don’t buy stocks only because they are down 50-70% from peak but go for quality stocks. Strategy 1)Strong Supports placed at ( )on various parameters 2)Investment buying or even Averaging can be initiated from current levels and one can scale up their positions on every dip. 3) Risk-Reward Ratio is now in favour of long positions and traders with good risk appetite may go long at current levels with a stoploss at closing basis. 4) Traders may watch a move above as a price action confirmation. 5) Also one should keep booking partial profit on rise to or on stock specific bounces 6) Don’t buy stocks only because they are down 50-70% from peak but go for quality stocks.

1)Strong Supports placed at ( )on various parameters 2)Investment buying or even Averaging can be initiated from current levels and one can scale up their positions on every dip. 3) Risk-Reward Ratio is now in favour of long positions and traders with good risk appetite may go long at current levels with a stoploss at closing basis. 4) Traders may watch a move above as a price action confirmation. 5) Also one should keep booking partial profit on rise to or on stock specific bounces. 6) Don’t buy stocks only because they are down 50-70% from peak but go for quality stocks. STRATEGY

1)SBI is almost close to 61.8% retracement of the total rally from 2009 to 2011 looks set for a bounce to 2050/ )Hindustan Unilever around , Bajaj Auto at , HDFC Bank at 440/410, Tata Motors at 680/620, Mahindra & Mahindra at are best bets in the index. 3)Godrej Inds, GMDC, Tata Global Beverages, Aditya Birla Nuvo, Atul Limited, GSFC, Timken India, Wockhardt Limited, Navneet,Berger Paints, Asahi Songwon, Hinduja Ventures, Smartlink are midcap stocks in our radar for accumulation with short to medium term view at current levels and are well placed fundamentally. Investors can look to buy into the above stocks with a short term perspective also. 4)For Premium Charts and Calls you can me at Analysis both Technical and fundamental + Global news 5)Above pps by mr. mirani which depicts same views as I have informed few days back click on the following link where I explained same on nifty finding-its-difficult-but-may-not-be-impossible-i-m-possible-reverse-head- and-shoulder/ finding-its-difficult-but-may-not-be-impossible-i-m-possible-reverse-head- and-shoulder/ STOCKS TO WATCHOUT FOR