yossarian121

yossarian121

Gann resistance coming up

yossarian121

At trendline resistance

yossarian121

Big cut last week

yossarian121

Frustrating since last few weeks. This is it. not much left on the downside

yossarian121

Strong reversal post results

yossarian121

Trendline was broken to the downside and has been retested twice on the rebound. This will exert pressure on rebounds

yossarian121

Nifty can turn down sharply from these levels. Bulls need to be cautious. Bears can short around 10660 with a 30 point SL

yossarian121

Have not seen this degree of Nifty mgmt for a long time. High Oil, EM index meltdown, Carnage in Indian midcaps and small caps, US mkt fall, INR depreciation - nothing takes it down. Heartbreaking for India small/ mid cap investors as they compare nifty with their portfolios.

yossarian121 Updated 

ONGC trading cheap vs crude, fair value close to 230-240 @ current crude levels. P/BV @ almost 1.0. Dividend yield of 3.4%