yossarian121

yossarian121

Fib channels suggest a move towards 175-200 in coming weeks Stock cheap with god dividend yield

yossarian121 Updated 

Approaching upper end of gann fan space. Bears need to come in soon or forget it

yossarian121

Resistance around 10885-10890

yossarian121

Approaching serious resistance here. Worth trying shorts

yossarian121

@ fib resistance and upward curve is broken. Shorts can be considered. 1080 Closing basis SL

yossarian121

Nifty is back @ swing resistance Initial attack was resisted leading to 2 750-800 pt fall

yossarian121

Needs to reverse to validate the setup

yossarian121

RSI divergence (bearish setup ) on Bank nifty

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%