Friday, December 31, 2010

ASHU DUTT'S F&O TECHNICALS - JANUARY 2011 - NIFTY JANUARY FUTURES

ASHU DUTT'S F&O TECHNICALS - JANUARY 2011 - NIFTY JANUARY FUTURES
Details at http://www.ashudutt.com/

ASHU DUTT COMMODITY TECHNICALS - JANUARY 2011 - SILVER

ASHU DUTT COMMODITY TECHNICALS - JANUARY 2011 - SILVER
Type: MCX March 2011
Details on http://www.ashudutt.com/

ASHU DUTT DAILY TECHNICALS - JANUARY 3, 2011 - INDIABULLS REAL ESTATE

ASHU DUTT DAILY TECHNICALS - JANUARY 3, 2011 - INDIABULLS REAL ESTATE
Details at http://www.ashudutt.com/

ASHU DUTT WEEKLY TECHNICALS - WEEK ENDING JANUARY 7, 2011 - ARVIND LTD

ASHU DUTT WEEKLY TECHNICALS - WEEK ENDING JANUARY 7, 2011 - ARVIND LTD
Details at http://www.ashudutt.com/

ASHU DUTT WEEKLY TECHNICALS - WEEK ENDING JANUARY 7, 2011 - SYMPHONY

ASHU DUTT WEEKLY TECHNICALS - WEEK ENDING JANUARY 7, 2011 - SYMPHONY
Details at http://www.ashudutt.com/

ASHU DUTT'S MONTHLY TECHNICALS - UNITECH

ASHU DUTT'S MONTHLY TECHNICALS - UNITECH
Details at http://www.ashudutt.com/

ASHU DUTT'S MONTHLY TECHNICALS - VIJAYA BANK

ASHU DUTT'S MONTHLY TECHNICALS - VIJAYA BANK
Details at http://www.ashudutt.com/

ASHU DUTT'S WEEKLY TECHNICALS - JAYPEE INFRATECH

ASHU DUTT'S WEEKLY TECHNICALS - JAYPEE INFRATECH
Details on http://www.ashudutt.com/

ASHU DUTT'S WEEKLY TECHNICALS - CENTRAL BANK

ASHU DUTT'S WEEKLY TECHNICALS - CENTRAL BANK
Details at http://www.ashudutt.com/

ASHU DUTT'S WEEKLY TECHNICALS - INDIABULLS REAL ESTATE

ASHU DUTT'S WEEKLY TECHNICALS - INDIABULLS REAL ESTATE
Details at http://www.ashudutt.com/

ASHDUTT'S WEEKLY TECHNICALS - RELIANCE COMMUNICATION

ASHDUTT'S WEEKLY TECHNICALS - RELIANCE COMMUNICATION
Details at http://www.ashudutt.com/

ASHU'S WEEKLY TECHNICALS

ASHU'S WEEKLY TECHNICALS
SHRIRAM EPC

Wednesday, December 29, 2010

ASHU DUTT'S MONTHLY TECHNICALS - SBI

ASHU DUTT'S MONTHLY TECHNICALS - SBI
Details at http://www.ashudutt.com/

ASHU DUTT'S MONTHLY TECHNICALS - TATA MOTORS

ASHU DUTT'S MONTHLY TECHNICALS  - TATA MOTORS
Details on http://www.ashudutt.com/

ASHU DUTT'S WEEKLY TECHNICALS - REC

ASHU DUTT'S WEEKLY TECHNICALS - REC
Details at http://www.ashudutt.com/

ASHU DUTT'S WEEKLY TECHNICALS - ABAN OFFSHORE

ASHU DUTT'S WEEKLY TECHNICALS - ABAN OFFSHORE
Details at http://www.ashudutt.com/

ASHU DUTT'S WEEKLY TECHNICALS - TTK PRESTIGE

ASHU DUTT'S WEEKLY TECHNICALS - TTK PRESTIGE
Details at http://www.ashudutt.com/

ASHU DUTT'S WEEKLY TECHNICALS - HOEC

ASHU DUTT'S WEEKLY TECHNICALS - HOEC
Details at http://www.ashudutt.com/

ASHU DUTT'S WEEKLY TECHNICALS - JAYPEE INFRATECH

ASHU DUTT'S WEEKLY TECHNICALS  - JAYPEE INFRATECH
Details on http://www.ashudutt.com/

Saturday, December 25, 2010

ASHU DUTT'S TRADER GRADER - http://www.ashudutt.com/tradergrader.asp

A MINUTE IS ALL IT TAKES TO ANSWER "ASHU DUTT'S TRADER GRADER". BUT IT COULD HELP YOU BECOME A MASTER TRADER. TAKE A MINUTE AND SEE HOW YOU GRADE AS A TRADER

http://www.ashudutt.com/tradergrader.asp

ASHU DUTT'S F&O TRADER GRADER - http://www.ashudutt.com/fandotradergrader.aspx

A MINUTE IS ALL IT TAKES TO ANSWER "ASHU DUTT'S F&O TRADER GRADER". BUT IT COULD BE YOUR FIRST STEP TO BECOMING A MASTER TRADER. TAKE A MINUTE AND SEE HOW YOU GRADE AS A TRADER


http://www.ashudutt.com/fandotradergrader.aspx

ASHU DUTT'S INVESTOR GRADER - http://www.ashudutt.com/investorgrader.aspx

A MINUTE IS ALL IT TAKES TO ANSWER "ASHU DUTT'S INVESTOR GRADER". BUT IT COULD BE YOUR FIRST STEP TO BECOMING A MASTER INVESTOR. INVEST A MINUTE AND SEE HOW YOU GRADE AS AN INVESTOR

http://www.ashudutt.com/investorgrader.aspx

ASHU'S MONTHLY TECHNICALS - TECH MAHINDRA - www.ashudutt.com

ASHU'S MONTHLY TECHNICALS
TECH MAHINDRA
Details at http://www.ashudutt.com/
Please read Disclaimer at http://www.ashudutt.com/Disclaimer.aspx

ASHU DUTT'S COMMODITY TECHNICALS - GOLD

ASHU DUTT'S COMMODITY TECHNICALS - GOLD

Details are at http://www.ashudutt.com/Commoditiestradinglive.aspx

ASHU DUTT'S COMMODITY TECHNICALS - COPPER

ASHU DUTT'S COMMODITY TECHNICALS - COPPER

Details are at http://www.ashudutt.com/Commoditiestradinglive.aspx

ASHU DUTT'S COMMODITY TECHNICALS - SILVER

ASHU DUTT'S COMMODITY TECHNICALS - SILVER

Details are at http://www.ashudutt.com/Commoditiestradinglive.aspx

ASHU'S MONTHLY TECHNICALS - NHPC - Details at www.ashudutt.com

ASHU'S MONTHLY TECHNICALS
NHPC
Details at http://www.ashudutt.com/

Please read Disclaimer at http://www.ashudutt.com/Disclaimer.aspx

ASHU'S MONTHLY TECHNICALS - NTPC - DETAILS AT www.ashudutt.com

ASHU'S MONTHLY TECHNICALS
NTPC
Details at http://www.ashudutt.com/

Please read Disclaimer at http://www.ashudutt.com/Disclaimer.aspx

ASHU'S MONTHLY TECHNICALS - JINDAL POLY - Details at www.ashudutt.com

ASHU'S MONTHLY TECHNICALS
JINDAL POLY
Details at http://www.ashudutt.com/

Please read Disclaimer at http://www.ashudutt.com/Disclaimer.aspx

ASHU'S MONTHLY TECHNICALS - UFLEX - Details on www.ashudutt.com

ASHU'S MONTHLY TECHNICALS
UFLEX
For details see http://www.ashudutt.com/

Please read Disclaimer at http://www.ashudutt.com/Disclaimer.aspx

Friday, December 24, 2010

ASHU DUTT F&O TRADER GRADER - http://www.ashudutt.com/fandotradergrader.aspx

How good an F&O Trader are you? How much do you need to work to become an ace F&O Trader. Take this simple test to check (and pass it on to your friends and fellow traders)

ASHU DUTT F&O TRADER GRADER
http://www.ashudutt.com/fandotradergrader.aspx

Tuesday, December 21, 2010

ASHU'S TECHNICALS - DECEMBER 22, 2010 - HINDALCO

ASHU'S TECHNICALS - DECEMBER 22, 2010
HINDALCO
Resistance - None. The stock is in unchartered territory at this point
Support - 210 and then 200
Stop Loss: 200
This stock is in an long term uptrend and has bounced back on strong volumes. Since it has no resistance at this point, we will have to see where it stop on the upside. Stocks in a long term uptrend may turn volatile for a day or two so stop losses have to be at a strong support point
You can reach me on the following forums:
Email: ashu@ashudutt.com
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ASHU'S TECHNICALS - DECEMBER 22, 2010 - WIPRO

ASHU'S TECHNICALS - DECEMBER 22, 2010
WIPRO
Resistance: 500 and thats the only resistance
Support: 400
Stop Loss: 475
The risk in this stock is that it has no support till 400. So a very strict stop loss is critical here. On the upside, if it can cross 500, there is no resistance level as of now
You can reach me on the following forums:
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ASHU'S TECHNICALS - DECEMBER 22, 2010 - PATNI COMPUTERS

ASHU'S TECHNICALS - DECEMBER 22, 2010
PATNI COMPUTERS
Resistance: 500 and next at 550
Support: 450
Stop Loss: 480
Patni's immediate term charts are fine(not long term charts). The critical level is 498-500. If it beats that, then it has a resistance at 550. However, it it starts to crack, its best to close out. A stop loss is critical in this stock

You can reach me on the following forums:
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ASHU'S DAY TECHNICALS FOR DECEMBER 22, 2010 - SHREE RENUKA

ASHU'S DAY TECHNICALS FOR DECEMBER 22, 2010
SHREE RENUKA SUGAR
RESISTANCE: 107
SUPPORT: 95, NEXT AT 85
STOP LOSS: 92
Stock's broken a very strong short term 95 resistance
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PLEASE REGISTER. YOU CAN REGISTER AT http://www.ashudutt.com/userregistration.aspx

PLEASE REGISTER. YOU CAN REGISTER AT http://www.ashudutt.com/userregistration.aspx 
REGISTRATION IS FREE IF YOU REGISTER BEFORE DECEMBER 31, 2010. I CAN ONLY ANSWER QUESTIONS FOR REGISTERED USERS STARTING JANUARY 1, 2011
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ASHU'S NIFTY VIEW TILL DECEMBER 2010 F&O EXPIRTY - www.ashudutt.com

NIFTY VIEW TILL DECEMBER F&O EXPIRY - If Nifty can hold 6000, it could cross 6100. There are few sellers and any buying action (usually from institutional investors trying to close with good NAVs) should ensure a 6100 closing on lower volumes
You can reach me on the following forums:
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Monday, December 20, 2010

WHATS YOUR INVESTING SECRET? - www.ashudutt.com

WHATS YOUR INVESTING SECRET? - THE 10 BEST SUBMISSIONS WILL BE PART OF MY BOOK
 
EVERY SUCCESSFUL INVESTOR HAS FIGURED OUT HIS OWN UNIQUE WAY OF PICKING STOCKS. PLEASE SHARE YOUR INVESTING STRATEGY/METHODOLOGY AND GIVE ONE EXAMPLE OF A MULTIBAGGER INVESTMENT/STOCK YOU PICKED
 
I WILL PUT 10 BEST INVESTING STRATEGIES/METHODOLOGIES AND THE EXAMPLES PROVIDED BY YOU IN MY NEXT BOOK (PLEASE DO CONFIRM THAT I CAN USE THESE IN MY NEXT BOOK WITH DUE CREDIT TO YOU)
 

WHATS YOUR TRADING SECRET? - www.ashudutt.com

EVERY SUCCESSFUL TRADER HAS FIGURED OUT HIS OWN UNIQUE WAY OF READING CHARTS OR TRADING PROFITABLY. PLEASE SHARE YOUR TRADING STRATEGY/METHODOLOGY AND GIVE ONE EXAMPLE OF A GREAT TRADE THAT YOU REMEMBER

I WILL PUT 10 BEST TRADING STRATEGIES/METHODOLOGIES AND THE EXAMPLES PROVIDED BY YOU IN MY NEXT BOOK (WITH YOUR PERMISSION OFCOURSE)

YOU CAN POST YOUR RESPONSE AT ANY OF THESE FORUMS:
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Friday, December 17, 2010

WIN A FREE REGISTRATION TO ASHU DUTT INVESTOR CAMPS (Registration: Rs 10,000/-) BY ANSWERING THIS QUESTION(FIRST 10 CORRECT ANSWERS). PLEASE SEE http://www.ashudutt.com/investorcamps.aspx

WIN A FREE REGISTRATION TO ASHU DUTT INVESTOR CAMPS (Registration: Rs 10,000/-) BY ANSWERING THIS QUESTION(FIRST 10 CORRECT ANSWERS). FOR TIME/LOCATION OF INVESTOR CAMPS, PLEASE SEE http://www.ashudutt.com/investorcamps.aspx
"WHERE DOES THE WORD "RISK" COME FROM?"
YOU CAN ANSWER THE QUESTION AT ANY OF THESE FORUMS:
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WIN A FREE 1 YEAR SUBSCRIPTION TO www.ashudutt.com (Annual Susbcription is Rs 12,000/-) BY ANSWERING THIS QUESTION(FIRST 10 CORRECT ANSWERS)

WIN A FREE 1 YEAR SUBSCRIPTION TO http://www.ashudutt.com/ (Annual Susbcription is Rs 12,000/-) BY ANSWERING THIS QUESTION(FIRST 10 CORRECT ANSWERS)
"WHERE DOES THE WORD "SPECULATOR" COME FROM?"
YOU CAN ANSWER THE QUESTION AT ANY OF THESE FORUMS:
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WIN AN AUTOGRAPHED COPY OF ANY BOOK BY ASHU DUTT BY ANSWERING THIS QUESTION(FIRST 50 CORRECT ANSWERS).ASHU DUTT'S BOOKS ARE LISTED ON http://www.ashudutt.com/books.aspx

WIN AN AUTOGRAPHED COPY OF ANY BOOK BY ASHU DUTT BY ANSWERING THIS QUESTION(FIRST 50 CORRECT ANSWERS).ASHU DUTT'S BOOKS ARE LISTED ON http://www.ashudutt.com/books.aspx
"WHERE DOES THE WORD "BULL" COME FROM?"
YOU CAN ANSWER THE QUESTION AT ANY OF THESE FORUMS:
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WHERE DOES THE WORD "RISK" COME FROM? - www.ashudutt.com

WHERE DOES THE WORD "RISK" COME FROM?
PLEASE POST YOUR ANSWER ON ANY OF THESE FORUMS
http://www.ashudutt.com/
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On Ashu Dutt Blog - ashudutt.blogspot.com

IMPROVE YOUR MARKET RETURNS AND TRADING PERFORMANCE - www.ashudutt.com

IMPROVE YOUR MARKET RETURNS AND TRADING PERFORMANCE - AND PLEASE SHARE YOUR ANSWERS TO THESE QUESTIONS ON THIS FORUM
- What annual rate of return do I want?
- Do you trade full time, part time, hardly any time?
- Can you handle the stress of day trading and short term trading?
- Do you have the patience for long term trading?
- What kind of personality are you - emotional, patient, calm?
- Do you need lots of action, Do you need to make decisions all the time?
- What trading books have you read and which top traders do you most admire and why?
- Have you been able to copy their style of trading and succeed?
Post your answers at http://www.ashudutt.com/

Saturday, December 11, 2010

STATE BANK OF INDIA - www.ashudutt.com

STATE BANK OF INDIA - SHORT TERM: WEAK, LONG TERM: STRONG, PREVAILING BIAS: STRONG
State Bank of India's moves on Friday indicate one or 2 large buyers but anyone who plays againsts a tide will get blown away. The stock has no immediate uptrend till it crosses 2800 and no short term uptrend unles it can break 3100 and 3300 on strong volumes and hold there for 7-10 trading sessions

GITANJALI GEMS - www.ashudutt.com

GITANJALI GEMS - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: STRONG
If someone wants to subsidize your exit out of a stock at a higher prices, so be it. Because this stock has lost all momentum and trading. Even on Friday when the stock moved up, it was one big gap up (i.e. a single or two buyers) and even after that it could not hold showing how at every rise, sellers are piling up
The stock is heading to 100. It has no hope on the upside unless it breaches 260 and then 310

NIFTY CALL FOR DECEMBER 13, 2010 - www.ashudutt.com

NIFTY CALL FOR DECEMBER 13, 2010 - The Nifty has to stay above 5800 for 7-14 trading days to indicate a meaningful direction. If it drifts below 5800, then the range remains at 5400-5800. It is possible that prices are maintained till the end of December. But the market is weak and any enhanced selling or large lots will not be absorbed by the market
Bottomline, the odds of a downside way outstrip the odds of an upside

NIFTY CALL FOR DECEMBER 13, 2010 - www.ashudutt.com

NIFTY CALL FOR DECEMBER 13, 2010 - The Nifty has to stay above 5800 for 7-14 trading days to indicate a meaningful direction. If it drifts below 5800, then the range remains at 5400-5800. It is possible that prices are maintained till the end of December. But the market is weak and any enhanced selling or large lots will not be absorbed by the market
Bottomline, the odds of a downside way outstrip the odds of an upside

Thursday, December 9, 2010

ASHU DUTT'S "MULTIBAGGERS - YES YOU CAN BE RICH! VERY RICH! - http://www.ashudutt.com/books.aspx

EXCERPTS FROM ASHU DUTT'S "MULTIBAGGERS - YES YOU CAN BE RICH! VERY RICH! - http://www.ashudutt.com/books.aspx
 THE VALUATION MULTIBAGGER
Stocks turn into multibaggers when there is a combination of 3 factors
- The stock is undervalued (or has great fundamentals or a major structural change like new capacities or a change in its business cycle is taking place but the market has not taken note)
- The market has not noticed the sector and/or the stock for various reasons including not enough research coverage etc
- You expect the market to take notice
Take for example the movement of stocks once a sector falls in favour. And any sector can fall in favour. At various times, Technology, Real Estate, Sugar, Power, Infrastructure etc have been in favour and the gains have been spectacular
AVOID “FAVORITE” SECTORS
It is impossible to find multibaggers in market favourites (which by definition means that someone else already picked them up early enough and have a multibagger).  So if autos are market favourites, there will be few multibaggers here.  Once a market rushes to buy up a stock, it overprices it and leaves little chance to get a multibagger
http://www.ashudutt.com/books.aspx

“ASHU DUTT’S “36 F&O SECRETS – GETTING RICK ON LOW MONEY DOWN”

EXCERPTS FROM “ASHU DUTT’S “36 F&O SECRETS – GETTING RICK ON LOW MONEY DOWN”
ORDER AT http://www.ashudutt.com/books.aspx

TIMING IS OF THE ESSENCE
In F&O, timing is of the essence. It is not important that you are right about the stock. It is important that you are right about the stocks move (and its extent) within a set time frame. That requires not to extrapolate your “fundamental” views. The goals is specific. Will the stock move to the extent needed to deliver your target return within a very specific time frame. That requires a mastery of the charts and the discipline to quit as soon as the charts indicate otherwise

ASHU DUTT’S "36 SECRETS TO GET RICH IN COMMODITIES TRADING" - http://www.ashudutt.com/books.aspx

ASHU DUTT’S "36 SECRETS TO GET RICH IN COMMODITIES TRADING"  - http://www.ashudutt.com/books.aspx
TABLE OF CONTENTS
- INTRODUCTION
- SECRET # 1 – YOU ALREADY HAVE “THE EDGE”
- SECRET # 2 – WHAT DRIVES COMMODITY PRICES
- SECRET # 3 – THE PSYCHOLOGY OF COMMODITY PLAYERS
- SECRET # 4 – THE FASTEST GAINS ARE IN THE SHORTEST SPANS
- SECRET # 5 – WHO MATTERS IN COMMODITIES
- SECRET # 6  - READING THE CHARTS
- SECRET # 7 – IS THE TREND OVER?
- SECRET # 8 – PLAYING A TREND OR A CYCLE
- SECRET # 9 – RIDE THE WAVE
- SECRET # 10 – PLAYING THE UPTREND
- SECRET # 11 – WHAT INSTITUTIONAL INVESTORS KNOW
- SECRET #12 – PLAYING THE RANGE
- SECRET # 13 – COMMODITIES TO TRADE
- SECRET # 14 – PROFIT IN THE VOLATILITY OF COMMODITIES
- SECRET # 15 – THE SPECTACULAR RISE
- SECRET # 16 – THE END OF A RALLY
- SECRET # 17 – TRADING RANGE BOUND COMMODITIES
- SECRET #18 – CHART TRADING
- SECRET # 19 – PICKING COMMODITIES TO TRADE IS FUTILE
- SECRET # 20 – THE RIGHT QUESTIONS
- SECRET # 21 – THE EDGE IN TRADING AGRI COMMODITES
- SECRET # 22 – THE EDGE IN TRADING METALS
- SECRET # 23 – THE PRECIOUS METALS SECRET
- SECRET #24 -  WILD COMMODITIES
- SECRET # 25 – SELECTING A TRADE
- SECRET # 26 – THE QUIRKS
- SECRET # 27 – MONEY, MONEY, MONEY
- SECRET # 28 – GET USED TO LOSING MONEY
- SECRET # 29 – WHAT’S YOUR EDGE
- SECRET #30 – THE KNOWLEDGE EDGE
- SECRET # 31 – THE PSYCHOLOGICAL EDGE
- SECRET # 32 – TRADING METHODS
- SECRET # 33 – GOLDEN RULES
- SECRET # 34 - MAXIMS
- SECRET # 35 - MYTHS
- SECRET #36 – LESSONS FROM MASTERS

EXCERPTS FROM ASHU DUTT'S 22 DAY TRADING SECRETS - http://www.ashudutt.com/books.aspx

EXCERPTS FROM ASHU DUTT'S 22 DAY TRADING SECRETS - http://www.ashudutt.com/books.aspx
“A trend is a trend
But the question is, will it bend?
Will it alter its course
Through some unforeseen force
And come to a premature end….?
ARE YOU REALLY A GOOD TRADER OR DID YOU GET LUCKY
A bad market separates top notch traders from those who get plain lucky.  A good trader makes more than others when the markets are good (i.e. he lets his profits run) and minimizes losses as markets fall (he focuses on protecting what is left not getting back what is lost).  A good market also builds a false sense of self belief in our trading abilities. That can very quickly be checked when we get angry, lose our emotional balance and run reckless trades to make up for losses. A good trader stands out by staying calm, not trying to make up for losses, reducing positions and hunkering down for better times

"ASHU DUTT’S – 15 EASY STEPS TO READING TECHNICAL CHARTS" - http://www.ashudutt.com/books.aspx

"ASHU DUTT’S – 15 EASY STEPS TO READING TECHNICAL CHARTS" - http://www.ashudutt.com/books.aspx
TABLE OF CONTENTS
Introduction
Step # 1 – What kind of trade is it?
Step # 2 – What kind of move is it?
Step # 3 – Getting in
Step # 4 – Getting out
Step # 5 – Which charts?
Step # 6 – Price, Volume, Time
Step # 7 – Supports & Resistance
Step # 8 -  Stop Loss
Step # 9   - Trends & Cycles
Step # 10 – The Integrity of Charts
Step # 11 – When Charts fail
Step # 12 - Psychology
Step # 13 – How do stocks rise
Step # 14 – How do stocks fall
Step # 15 – Making Music

ASHU DUTT'S 200 NUGGESTS OF MARKET WISDOM - www.ashudutt.com

EXCERTS FROM ASHU DUTT'S 200 NUGGETS OF MARKET WISDOM" -
http://www.ashudutt.com/books.aspx
“Buffett once said that the great thing about being an investor is that you’re like a batter in a baseball game in which there are no called strikes. They can throw you General Electric at 45, he said, and you don’t have to swing. They can throw you Microsoft at 28 and you don’t have to swing. They have to keep pitching and you don’t have to swing. So if you’re patient, the odds are with you. You can wait until you get a big fat one right where you want it. You might not swing for six months; you might not swing for two years, but the odds of hitting it out of the park are a lot better when the pitch is fat. You must be patient!”

- Barton Biggs

THE BREACHING OF SUPPORTS - www.ashudutt.com

THE BREACHING OF SUPPORTS - In mid and small cap stocks, many stocks find support because of buying from a few quarters. When these quarters withdraw, the stocks start to collapse like nine pins. Please look at your portfolios and check what you have and check that the volumes have not dried up. If they have, they may risk a precipitous collapse

DLF - www.ashudutt.com

DLF - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: WEAK
DLF's last support is at 260. If it does not hold it has a minor support at 230 and then a support at 170. The stock's last hope was to stay above 280. A breach of this level is very serious. For an uptrend to emerge, it needs to go to 350 on strong volumes and stay there (looks very unlikely given the steepness and speed of its drop)

SHREE RENUKA - www.ashudutt.com

SHREE RENUKA SUGAR - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: STRONG
Shree renuka is heading to 75 and then to 60. Is has no uptrend till it crosses 90

SYNDICATE BANK - www.ashudutt.com

SYNDICATE BANK - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: STRONG
Syndicate bank is headed to 115 and it cannot hold there to 100 and then to 90. Its in a immediate, short terma and long term downtrend. It it can make it to 130 it may have some immediate term uptrend and 140 a short term uptrend (though that seems unlikely)

WHAT NEXT AFTER DECEMBER 9, 2010 MARKET FALL - www.ashudutt.com

WHAT NEXT AFTER DECEMBER 9, 2010'S MARKET FALL - Mid and small cap stocks will continue to collapse like nine pins. Why? Well, brokers will ask retail traders to pay the margin. Most have such serious losses that they cannot make margin. In the absence of margin, the broker will sell those shares and may sell large cap shares of retail traders/investors
Normally, such selling ends in a day or two driven by either local fund buying or foreign buying. However, given tight liquidity and losses that the foreigners are sitting with, it is difficult to say that there is buying support (of a stable nature) till 5400

WHY ARE THE MARKET FALLING (DECEMBER 9, 2010) - www.ashudutt.com

WHY ARE THE MARKETS FALLING - Nifty/Stocks are falling on low volumes indicating forced selling (once you have losses in one group of stocks, it is forcing sales in other stocks) and the ripple is moving so fast that the markets are collapsing. With a lack of buying interest, such forced selling is creating large falls in prices on low volumes

NIFTY CALL FOR FRIDAY, DECEMBER 10, 2010 - www.ashudutt.com

NIFTY CALL FOR FRIDAY, DECEMBER 10, 2010 - The range now is 5400-5800. The damage has been done. The breach of the index is so serious that it has wiped out retail portfolios. After such losses it takes time to recover. In 3 waves, the market was brought down from 5850 to 5750 wiping out long positions. The tide has gotten lower. Rebounds are possible but they are waves on a low tide
For the markets to recover, they may need to cross 5800 and stay above for a couple of days
The bigger risk is what foreigners do. If they start to sell, sectors like banks may face a collapse since even today, bank stocks were collapsing more because of forced selling and no buyers

Saturday, December 4, 2010

RELIANCE F&O - http://www.ashudutt.com/fandotradinglive.aspx

RELIANCE: A COMBINATION OF A 1100 CALL AND A 960 PUT

Since this stock remains in a range (and did the same even in November), the only real trade here is to have a Put and Call option. This way the total loss is 13 no matter what. And if it does go towards 1100, the call will appreciate and make up for the Put’s loss and if it goes down, the put will appreciate and make up for the call’s premium loss

But this is a low return strategy and takes too much effort
 

RELIANCE - www.ashudutt.com

RELIANCE - SHORT TERM: RANGEBOUND, LONG TERM: RANGEBOUND, PREVAILING BIAS: STRONG
Reliance has a range of 920-1100. So it provides a range trading opportunity. But it does not provide any clear uptrend unless it crosses and stays above 1100. Its best not to get emotionally attached to this stock because it has not given any returns in a year

ASHU DUTT’S “36 F&O SECRETS –http://www.ashudutt.com/books.aspx

In F&O, timing is of the essence. It is not important that you are right about the stock. It is important that you are right about the stocks move (and its extent) within a set time frame. That requires not to extrapolate your “fundamental” views. The goals is specific. Will the stock move to the extent needed to deliver your target return within a very specific time frame. That requires a mastery of the charts and the discipline to quit as soon as the charts indicate otherwise

EXCERPTS FROM “ASHU DUTT’S “36 F&O SECRETS – GETTING RICK ON LOW MONEY DOWN”
ORDER AT http://www.ashudutt.com/books.aspx

NIFTY CALL FOR DECEMBER 5, 2010 - www.ashudutt.com

NIFTY CALL FOR DECEMBER 5, 2010 - Nifty is back in the 5800-6000 range. What one has to watch for though is the fall in the Mid and small cap indices. Without momentum, many of these stocks will see volumes dry up and the falls could be very sharp. Please review stocks in the mid and small cap segment that you bought for trading

ABAN OFFSHORE (F&O) - www.ashudutt.com

ABAN OFFSHORE: CALL - NONE, PUT - NOT AVAILABLE
SHOULD I BUY ABAN OFFSHORE
Current Price: 735 on December 2
Option: 800 December call available at 12
The stock has 1/6th average volumes (around 125,000 compared to a 3 month average of 800,000). It has very strong immediate resistance at 800 and then at 850. Buying this option would mean you expect the stock to go to 812. The odds are bleak
Option:
The stock has a potential to go to 660 (if fell straight from 800 to 660). So if you buy a Put (its a bet that the stock can experience deep falls). No use buying a 760 put or a 740 put...they are neither here or there. A good way to play this would be a 680 Put or a 700 Put (and they will be cheap). But none is available
SO WHILE PUT IS THE RIGHT THING TO DO, NONE IS AVAILABLE IN THE RANGE THAT YOU NEED...LET IT BE

Wednesday, December 1, 2010

BHUSHAN STEEL - www.ashudutt.com

BHUSHAN STEEL - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS:NONE
Bhushan steel has very erratic charts. It needs to breach 500 to establish a short term uptrend and 530 to establish a long term uptrend. It rose straight from 400-500 so the range is a "danger zone" . It could slide anytime back towards 400

PUNJ LLOYD - www.ashudutt.com

PUNJ LLOYD - Very weak. Very weak day trade, very weak short term. Very weak long term. No hope in short term below 130 and long term below 180. If it slips below 100, there is no support...all it did was to make up for the fall it suffered in the trading week

INDIAN OIL - www.ashudutt.com

INDIAN OIL - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: NONE
Indian Oil is not a day trade and it remains weak for the short and long term inspite of its 10% rise today. The rise was due to a single big trade. Otherwise, for a short term uptrend, the stock must cross 400 and go above 450 to establish a long term uptrend. On the downside, if it drops below 350, its headed to 300

HERO HONDA - www.ashudutt.com

HERO HONDA - SHORT TERM: WEAK, LONG TERM: STRONG, PREVAILING BIAS: STRONG

Hero Honda seems to be headed to 1800. However, if it can cross 2050, its short and long term trends will be reestablished. The fall today indicated a big block of institutional sales. Usually if institutions sell in blocks, the trend is down

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SHIPPING CORPORATION - www.ashudutt.com

SHIPPING CORPORATION - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BAIS: NONE
For any uptrend to emerge SCI has to go above 180. On the downside, the support is way down at 80. Its lost its momentum and this kind of fall requires a lot of effort to get a stock back to to speed
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UNITECH - www.ashudutt.com

UNITECH - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: STRONG
Unitech has a very strong resistance at 65 and then at 70. If it crosses 70, then it will make an attempt at 90. On the downside, its support is at 50 (though it seems unlikely it will head that way)
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UNITECH - www.ashudutt.com

BAJAJ AUTO - SHORT TERM: WEAK, LONG TERM: STRONG, PREVAILING BIAS: STRONG

Bajaj Auto has a downward drift. A stop loss at 1500 is warranted. It needs to cross 1600 to get a short term uptrend

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PLEASE REGISTER TO CONTINUE ACEESS TO THIS FORUM AND THIS SITE BEYOND DECEMBER 31, 2010. TO REGISTER PLEASE GO TO http://www.ashudutt.com/userregistration.aspx . REGISTRATION IS FREE

NIFTY CALL FOR DECEMBER 2, 2010

NIFTY CALL FOR DECEMBER 2, 2010 - If Nifty can break 6000, the next range is 6000-6100 and then 6100-6350. Beyond that, it could head anywhere. On the downside, the range is 5800. All futures trades and Put/Calls must take into account these ranges. The speed with which it crosses 6000 is critical because 6000 is the a huge pscyhological hurdle
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Friday, November 26, 2010

THE BREACHING OF TECHNICAL SUPPORTS - www.ashudutt.com

THE BIGGER ISSUES IS THAT MOST STOCKS HAVE BREACHED EVERY POSSIBLE SUPPORT..IF YOU FALL OFF THE MOUNTAIN, YOU CAN CLIMB BACK BUT IT TAKES EFFORT...and so most stocks will need a lot of effort
 
Punj Lloyd..its breached the only support in 1 year..the next support is at 75
Jaiprakash associates...it bas breached its last support. So who know where it makes a base now

REAL ESTATE STOCKS - www.ashudutt.com

REAL ESTATE STOCKS - A REACTION NOT IN PROPORTION - The fall in real estate stocks may have created several value buying opportunities. The speed of the fall indicates "forced" selling (for example a promoter may have pledged shares and since he can't pay up may see his stock drop like nine pins as the creditor sells the stock at any price). Usually, these things stop at some point as the creditor and the promoter come to some agreement. While these are not trading stocks, any holding period of 12 months or more should produce a decent value pick here
In this selling spree, one has overlooked the fact that real estate companies are already treated like step children by banks and there is hardly any lending. And in the next 3-4 years, as the Industry matures, the potential for REITs and other derivative instruments in Real estate remains intact
Note: There may be some more fall though I cannot see more than 10-15% more from here
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ASHU DUTT BOOKS - http://www.ashudutt.com/books.aspx

ASHU DUTT BOOKS - You may find these books invaluable - Ashu Dutt's 22 Trading Secrets, Ashu Dutt's 15 Easy ways to read charts, Ashu Dutt's Multibaggers etc . You can order them (or review their content) at http://www.ashudutt.com/books.aspx

NIFTY CALL FOR NOVEMBER 28, 2010 - www.ashudutt.com

NIFTY CALL FOR MONDAY, NOVEMBER 29,2010 - Nifty is on its way to 5400. Nifty is under severe pressure. The fall in the Nifty so far has come without any real FII selling. Infact, FIIs did not even have a chance to react in the past 2 day. The question is with a falling dollar and a falling Nifty, will they sell the very stocks they stocked up on. The Absolute funds and ETFs will (and they are the predominant foreign investors right now)

So what can you expect next:
a) Selling in index stocks. Banks look specially vulnerable on the charts and could crack very sharply
b) The shorts may smell the opportunity to take the markets down faster
c) Retail traders have such significant losses that brokers on monday may sell perfectly good stocks in their portfolios
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Thursday, November 25, 2010

ASHU DUTT'S 22 TRADING SECRETS - http://www.ashudutt.com/books.aspx

TRADING SECRET # 5 (http://www.ashudutt.com/books.aspx)

A Tape Reader must close a trade: 1) when the tape tells him to close; 2) when his stop is caught; 3) when his position is not clear; 4) when he has a large or satisfactory profit and wishes to utilize those funds for better opportunities.

ASHU DUTT'S 22 TRADING SECRETS

- Richard Wyckoff

PSU BANKS - www.ashudutt.com

PSU BANKS - CHARTS PATTERNS IN BANKS LIKE CENTRAL BANK, SBI AND BANK OF INDIA ARE VERY WEAK. SBI MAY HEAD TO 2500 IF IT DOES NOT HOLD 2800 (AND MAYBE EVEN TO 2300). CENTRLA BANK OF INDIA MAY BE HEADED TO 190-200 (AND THEN FURTHER DOWN)

NIFTY CALL FOR NOVEMBER 26, 2010

NIFTY CALL FOR NOVEMBER 26, 2010 - MORE PRESSURE IN THE PIPE. 5400 is the level to keep in mind
Markets are turning irrational. But the point is, is it over? No not yet. The foreign news is carrying very negative reports. If that spooks foreigners, buying could accelerate

The risk is to bank stocks. If foreigners sell, they may find it difficult to find bottom.

Real Estate is over done but the panic is so great that no one wants to touch it with a barge pole. That takes a long time to sort out. More losses to go in real estate stocks

NIFTY CALL FOR NOVEMBER 26, 2010

NIFTY CALL FOR NOVEMBER 26, 2010 - MORE PRESSURE IN THE PIPE. 5400 is the level to keep in mind
Markets are turning irrational. But the point is, is it over? No not yet. The foreign news is carrying very negative reports. If that spooks foreigners, buying could accelerate

The risk is to bank stocks. If foreigners sell, they may find it difficult to find bottom.

Real Estate is over done but the panic is so great that no one wants to touch it with a barge pole. That takes a long time to sort out. More losses to go in real estate stocks

BHARAT FORGE - www.ashudutt.com

BHARAT FORGE - SHORT TERM: STRONG, LONG TERM: STRONG, PREVAILING BIAS: NONE

Bharat Forge has strong long term charts. But a stop loss is required at 350. If it breaches it, then it is not a trading play. Hold if you have it

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BHARAT FORGE - www.ashudutt.com

BHARAT FORGE - SHORT TERM: STRONG, LONG TERM: STRONG, PREVAILING BIAS: NONE

Bharat Forge has strong long term charts. But a stop loss is required at 350. If it breaches it, then it is not a trading play. Hold if you have it

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FINANCIAL TECHNOLOGIES - www.ashudutt.com

FINANCIAL TECHNOLOGIES - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: NONE
Financial Technologies is not a trading stock. Since it has no supports, it could head anywhere on the downside. Nothing can be said about its uptrend unless it crosses 1000 . Avoid. Let it go if you bought it for a short term trade

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POWERGRID - www.ashudutt.com

POWERGRID - SHORT TERM: WEAK, LONG TERM: NONE, PREVAILING BIAS: STRONG
Powergrid has lost its momentum. Nothing can be said of an uptrend till it crosses 100. Avoid. This is not a trading stock unless it crosses 100
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POWERGRID - www.ashudutt.com

POWERGRID - SHORT TERM: WEAK, LONG TERM: NONE, PREVAILING BIAS: STRONG
Powergrid has lost its momentum. Nothing can be said of an uptrend till it crosses 100. Avoid. This is not a trading stock unless it crosses 100
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POWERGRID - www.ashudutt.com

POWERGRID - SHORT TERM: WEAK, LONG TERM: NONE, PREVAILING BIAS: STRONG
Powergrid has lost its momentum. Nothing can be said of an uptrend till it crosses 100. Avoid. This is not a trading stock unless it crosses 100
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HDIL - www.ashudutt.com

HDIL - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: NONE
HDIL has very weak charts. I would not buy futures/options or any other type of security for trading till the time HDIL can cross 200. Without crossing 200, there is no trading momentum in this stock. Avoid
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HDIL - www.ashudutt.com

HDIL - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: NONE
HDIL has very weak charts. I would not buy futures/options or any other type of security for trading till the time HDIL can cross 200. Without crossing 200, there is no trading momentum in this stock. Avoid
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Wednesday, November 24, 2010

NIFTY CALL FOR NOVEMBER 25, 2010 - www.ashudutt.com

NIFTY CALL FOR NOVEMBER 25, 2010 - A bounce back in the Nifty looks very likely. The market is being spooked by all kinds of "noise" like Korea and Ireland and is not looking at economic data like the US GDP numbers (came in strong) or the German Business index which is the highest since German Unification. Once the market starts to focus on real improvements in economies and gets away from this noice, we may get a sustained run up to 6300

Monday, November 22, 2010

INDUSIND BANK - www.ashudutt.com

INDUSIND BANK - SHORT TERM: STRONG, LONG TERM: SRONG, PREVAILING BIAS: NONE
IndusInd Bank has strong short term and long term charts. It has no risk of collapse till it reaches 260. If it does breach 260, it could go to 220. So trading with a stop loss of 260 makes sense. Hold if you have it
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UCO BANK - www.ashudutt.com

UCO BANK - SHORT TERM: STRONG, LONG TERM: STRONG, PREVAILING BIAS: STRONG
UCO Bank is strong both for the short term and long term unless it breaks 140. Once it breaks 140, it will fall to 120 in the short term. I dont suggest trading in this stock unless it stays above 150 for 7-10 trading days. If you have it, hold it with a stop loss of 140

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MANNAPURAM GENERAL FINANCE - www.ashudutt.com

MANNAPURAM GENERAL FINANCE - SHORT TERM:STRONG, LONG TERM: STRONG, PREVAILING BIAS:STRONG
Strong short and long term charts for trading. The support is way down at 140. However, if the stock goes below 170, it will head to 140. So a stop loss at around 170 is required. Hold if you have it
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NIFTY CALL FOR NOVEMBER 23, 2010 - www.ashudutt.com

NIFTY CALL FOR NOVEMBER 23, 2010 - As I have been saying, the Nifty is now in the 5400-6000 range. It is at a real risk of heading to 5400. As of today, expect the markets to fall very sharply. You see the Emerging Markets ETF honeymoon is over. Those who were putting in billions of dollars in Emerging Market ETFs are withdrawing money and with little local interest in stocks, large waves of selling to pay for redemptions will take the Nifty sharply lower
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Sunday, November 21, 2010

REGISTER FOR ASHU DUTT INVESTOR CAMPS AT http://www.ashudutt.com/investorcamps.aspx

PLEASE REGISTER FOR ASHU DUTT INVESTOR CAMPS AT http://www.ashudutt.com/investorcamps.aspx

HAVELLS - www.ashudutt.com

HAVELLS - ASHU'S CALL: HOLD, CURRENT PRICE: 366, TARGET PRICE: 420, HOLDING PERIOD: 12 MONTHS
This is not a trading stock and may fall another 10% from current levels. But as long term hold both the fundamentals and the low floating stock (promoters over 60% and institutions 20%) is good
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EXIDE - www.ashudutt.com

EXIDE - SHORT TERM: WEAK, LONG TERM: STRONG, PREVAILING BIAS: NONE
Exide has a very strong long term chart that got interrupted by this market's fall. The support is at 152. If it cannot stop there, then it may fall significantly. I don't expect that to happen. Ok to hold
PORTFOLIO MANAGEMENT SERVICES - http://www.ashudutt.com/prtflomngmtservices.aspx

TRIVENI ENGINEERING - www.ashudutt.com

TRIVENI ENGINEERING - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: NONE
Triveni engineering is heading to 95 (and even 90).  This is a very weak stock with no interest. Weak in the short term. Weak in the long term. Avoid. Its best to get out if you have it for a short term trade
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Saturday, November 20, 2010

PARSVANATH - www.ashudutt.com

ASHU'S VALUE PICK
PARSVANATH - ASHU'S CALL: BUY, CURRENT PRICE: 61, TARGET PRICE: 80, HOLDING PERIOD: 1 YEAR
PORTOFLIO MANAGEMENT SERVICES - http://www.ashudutt.com/prtflomngmtservices.aspx

OBEROI REALTY - www.ashudutt.com

ASHU'S VALUE PICKS
OBEROI REALTY - ASHU'S CALL: BUY, CURRENT PRICE: 260, TARGET PRICE: 350, HOLDING PERIOD: 1 YEAR
PORTOFLIO MANAGEMENT SERVICES - http://www.ashudutt.com/prtflomngmtservices.aspx

EDELWEISS - www.ashudutt.com

EDELWEISS - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: WEAK
Edelweiss is heading to 52 and then to 48. It is collapsing on 30 times average 3 month volumes indicating very strong selling from big sellers. Avoid

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UNITECH - www.ashudutt.com

ASHU'S VALUE PICK
UNITECH, ASHU'S CALL - BUY, CURRENT PRICE: 68, TARGET PRICE: 90, HOLDING PERIOD: 6 MONTHS

Unitech does not deserve this kind of a thrashing. It will rebound back to its 90 levels once the dust settles

PORTOFLIO MANAGEMENT SERVICES - http://www.ashudutt.com/prtflomngmtservices.aspx

GULSHAN POLYOLS - www.ashudutt.com

VALUE PICKS
GULSHAN POLYOLS, ASHU'S CALL - BUY, CURRENT PRICE: 100, TARGET PRICE: 150, HOLDING PERIOD: 1 YEAR
This is a time to pick value stocks (only if you can hold for a year). This seems like a good value pick. Already very low PE, expanding capacity significantly in this year, good cash flows, blue chip clients and FMCG intermediate product
PORTOFLIO MANAGEMENT SERVICES - http://www.ashudutt.com/prtflomngmtservices.aspx

VENKYS - www.ashudutt.com

VENKYS - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: NONE
Venkys has lost its momentum. It is headed to 620. Avoid
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ASHU DUTT INVESTOR CAMPS - http://www.ashudutt.com/investorcamps.aspx

ASHU DUTT INVESTOR CAMPS - INFORMATION ON INVESTOR CAMP IS AVAILABLE AT http://www.ashudutt.com/investorcamps.aspx

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PSU BANKS IN THE SHORT TERM - www.ashudutt.com

PSU BANKS FOR THE SHORT TERM - If you bought PSU Banks in the past 10-15 days, let them go. The immediate term is weak. There may be more losses. PSU Banks are NOT a Day Trade. Avoid

If you bought PSU banks 3-4 months ago, you have significant profits. The supports of such banks are so far away that the charts will not show a change of short term trend as of now. Having said that, if the Index is going to 5400 which I believe is likely if ETF flows stop, the short term trend for PSU Banks is at significant risk. Avoid. If you have them as long term holds, it is fine

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NIFTY CALL FOR THE SHORT TERM - www.ashudutt.com

NIFTY CALL FOR THE SHORT TERM - The Nifty has every chance of heading back to 5400. If the reasons matter to you, please see below
The biggest sustainer of this rally was "liquidity" i.e. too much money chasing too few assets. It was being driven by ETFs (or emerging market ETFs). Emerging market ETFs are down with every heavy losses (some have lost over 10% in just a week). That will slow flows into ETFs to a trickle or even reverse the flow. If it reverses the flow, the Nifty could crack significantly. For markets to sustain, someone has to put up the money. But there is no retail interest either. So who will put up the money
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Thursday, November 18, 2010

JAIPRAKASH ASSOCIATES - www.ashudutt.com

JAIPRAKASH ASSOCIATIONS - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: STRONG
Jaiprakash Associates is a very weak stock. It is headed to 110 and if it does not hold there, it could simply collapse. Avoid. Its not even worth a hold
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RELIANCE CAPITAL - www.ashudutt.com

RELIANCE CAPITAL - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS:STRONG

Reliance capital is heading to 630. The short term is weak and the long term is weak. The stock has no support till 630. In any case, the stock moves in spurts. Avoid
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Wednesday, November 17, 2010

TRADING INVESTOR CAMP - www.ashudutt.com

Taking F&O positions and Trading positions on Technicals may require an advanced degree of understanding on how the Charts/F&O work. I suggest a 2 day Investor Camp will help you enhance your Trading skills
If you wish to attend an Ashu Dutt Technical or F&O Investor Camp, please send in a request at ashu@ashudutt.com for dates of such camps in your city

HINDALCO - www.ashudutt.com

HINDALCO - SHORT TERM: WEAK,LONG TERM: WEAK, PREVAILING BIAS: STRONG
Hindalco is headed to 160 levels. There is almost no support till that level. Only if it breaks 230 on the upside and stays there for 10-15 trading sessions with heavy volumes does it have any hope. Avoid
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HINDALCO - www.ashudutt.com

HINDALCO - SHORT TERM: WEAK,LONG TERM: WEAK, PREVAILING BIAS: STRONG
Hindalco is headed to 160 levels. There is almost no support till that level. Only if it breaks 230 on the upside and stays there for 10-15 trading sessions with heavy volumes does it have any hope. Avoid
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BHUSHAN STEEL - www.ashudutt.com

BHUSHAN STEEL - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: WEAK
Bhushan steel is headed to 420 in the short term and if does not hold there, it may even test 300. Both the short and long term charts are weak. Avoid
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PSU BANKS - www.ashudutt.com

PSU BANKS - No the trend has not reversed. Either short term or long term. Yes there has been a fall but if you keep it in perspective, both the short term and long term are strong. Floating stock is low. But if you are day trading and your holding period is 5-7 days, these stocks are not day trades
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PSU BANKS - www.ashudutt.com

PSU BANKS - No the trend has not reversed. Either short term or long term. Yes there has been a fall but if you keep it in perspective, both the short term and long term are strong. Floating stock is low. But if you are day trading and your holding period is 5-7 days, these stocks are not day trades
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NIFTY CALL FOR OCTOBER 18, 2010 - www.ashudutt.com

NIFTY CALL FOR OCTOBER 18, 2010 - We may get a technical bounce. Its due. But the question remains if that takes the markets out of its downtrend. Thats because the Nifty has broken through 6000, a very critical support and closed there. Now if it stays at 6000 for a couple of day (perhaps after an uptick tomorrow), the range is 5400-6000
So if you are trading, wait for a confirmed uptick above 6000 i.e. a 6000 plus level that holds for 7-10 days (even if you have to buy above 6100). Because unless it holds 6000 or above, things have turned for the worse. Its not just our markets but all emerging markets that are huring big time. China has given up 11% in just 3-4 trading session
If you are buying value, then its best not to see the index but specific stocks.
A value pick remains a value pick. For example, GMR Infra, Indiabulls Real Estate etc
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Tuesday, November 16, 2010

NIFTY CALL FOR OCTOBER 16, 2010 - www.ashudutt.com

NIFTY CALL - OCTOBER 16,2010 - If we stay below 6000 on the Nifty for 10-15 trading days, the range would become 5400-6000. But I would wait and watch for a day or two if this holds below 6,000. If it jumps back, then the range is 6000-6200
This entire rally was sustained by EFF buying. If that reverses (which it seems like its going to happen) because ETFs have about a 7-8% loss in just week, the same factors that took the market up will bring it down. If this fall continues, I am afraid, there is much more to come
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Monday, November 15, 2010

JINDAL POLY - www.ashudutt.com

JINDAL POLY - SHORT TERM: WEAK, LONG TERM: NONE, PREVIALING BIAS: STRONG
These stocks make a move for a few day (usually a strong move). And since their volumes are pathetic usually, even a 100,000 shares trades can get them moving. But the risk is too high and you will usually find yourself on the wrong side of the trade. Avoid
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SESA GOA - www.ashudutt.com

SESA GOA - SHORT TERM: WEAK, LONG TERM:WEAK, PREVAILING BIAS: NONE
Sesa Goa is headed to 320 and then to 300 (and maybe lower). It has lost both price and volume momentum. Both short term and long term trends are weak. It will find it very difficult to breach through resistances of 370 and 400. Avoid. Let it go if you are sitting with it
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ALOK TEXTILES - www.ashudutt.com

ALOK TEXTILES - SHORT TERM: WEAK, LONG TERM: STRONG, PREVAILING BIAS: NONE
This stock is in a steep downtrend. It may end up at 20 (maybe even 18). What more worrying is that volumes are drying up showing lack of interest. The long term trend though remains up and if the stock can cross 35 with strong volumes and stay there for 5-10 trading sessions, the trend will be up
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Sunday, November 14, 2010

BIOCON - www.ashudutt.com

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SAIL - www.ashudutt.com

SAIL - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: STRONG
SAIL is losing both price and momentum. It is headed to 180. And if it does not hold at that level, the charts are very weak. Any trend on the upside seems unlikely
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INDRAPRASTHA GAS - www.ashudutt.com

INDRAPRASTHA GAS - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: NONE
If you plan to trade this stock, then its best to buy on strength. It does not have strength either in price or in volume. So I would avoid as a trade. If it breaks 300, it could be headed to 250
I do like it as a Value Pick, it may be a different matter
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CENTRAL BANK - www.ashudutt.com

CENTRAL BANK - SHORT TERM: STRONG, LONG TERM: STRONG, PREVAILING BIAS: STRONG

Central bank is a "buy on dips" kind of stock (for trading purposes). Unless it hits 200, there is no change in its short and long term trend. Hold if you have it

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WELSPUN INDIA - www.ashudutt.com

WELSPUN INDIA - SHORT TERM: WEAK, LONG TERM: OPEN, PREVAILING BIAS: NONE
If Welspun falls below 70 which it is likely to do, it will go all the way to 60. For it to have any uptrend, it must cross 80, stay there for 15-20 trading days and have volumes of 10-20 times average (seems unlikely). Avoid
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EDUCOMP - www.ashudutt.com

EDUCOMP - SHORT TERM: WEAK, LONG TERM:WEAK, PREVAILING BIAS

Very weak. Very weak in the short term. Very weak long term. This stock has one more support left 450. Whats worse is it is falling on high volumes. In any case, this stock moves in fits and starts. If it breaches that, its going to turn into a trading and momentum dud. Avoid

Friday, November 12, 2010

Ashu Dutts StockWatch - Week Ending November 19, 2010

Ashu Dutts StockWatch - Week Ending November 19, 2010

NIFTY CALL FOR MONDAY, NOVEMBER 15, 2010 - www.ashudutt.com

NIFTY CALL FOR MONDAY, NOVEMBER 15, 2010 - THE SHORTS ARE TRAPPED. This is NOT a short market. Its one thing to be skeptical. It another to put money to short a market that is in a very strong short and long term uptrend. So what we may see no monday is a massive short squeeze. You see, the institutional guys and the guys with the pots of money know that the shorts are in no position to hold on if they turn the screw on them. And we are going to get this
I have and am convinced that we will break 6350 and once we get out of this range, the market's uptrend will be confirmed

Ashu Dutts StockWatch - Week Ending November 5, 2010

Ashu Dutts StockWatch - Week Ending November 5, 2010

TRADING STRATEGY - NOVEMBER 12, 2010 - www.ashudutt.com

TRADING OUTLOOK - The Shanghai Index has dropped over 5%. The Indian IIP numbers were not that great. Its bound to create some fodder for the shorts. So the best thing to do for now is:
a) Avoid trading till a clear trend emerges
b) Don't try averaging in a sharply falling market
c) Close out your trades if you cannot afford to see bigger losses
d) If you have technically strong stocks, check if they are close to a support

NIFTY CALL - NOVEMBER 12, 2010 - www.ashudutt.com

NIFTY CALL - The Nifty's range is 6,000-6,200 as of now. What we need to watch is if it falls below 6,000 because then the range becomes 5400-6000. There are so many skeptics in the market that any bad news will create this kind of fall. Questions is if skeptics have enought firepower to hold their short. I don't believe they do. They are fighting institutional investors who are pumping in large money as of now and hold major chunks of most major stocks

But what we have to watch is if the Chinese market fall turns into a rout. If it does and this infects Brazil, Chile etc, then there is a serious risk that the market will not just go below 6000, it will fall rapidly and steeply. Watch ETF heavy markets. Just this fall is not enough to change course

Thursday, November 11, 2010

Ashu Dutts Gold Outlook - December 2010

Ashu Dutts Gold Outlook - December 2010

Ashu Dutts Silver Outlook - Decenber 2010

Ashu Dutts Silver Outlook - Decenber 2010

NIFTY CALL - www.ashudutt.com

NIFTY CALL - Yesterday's fall came without volumes. That shows 'lack of interest" more than "selling pressure". Such trends reverse very quickly as soon as institutional investors come back.

You see, it is critical to have some conviction. These day to day falls should matter if you day trade. Otherwise, its best to decide if the short term is strong and the long term is strong. The answer is yes. Everything indicates it is strong. There is little floating stock in any major shares as of now. ETF money is strong. The disturbing thing about day to day movements is that it takes you focus away from the main trend

From time to time, there will be games. Those who know there are few institutional investors that day will batter stocks. But a day's rain does not make a rainy season

I would not consider the markets "weak" based on a low volume fall. Having said if markets stay below 6200 for 7-10 days, then the short term trend starts to reverse

BHEL - www.ashudutt.com

BHEL - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: STRONG
BHEL is a "range stock". It had a range of 2200-2600. Its poised to drop below 2400 after which it heads right to 2200. The odds are it will go below 2400. Volumes have dropped significantly


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TATA CHEMICAL - www.ashudutt.com

TATA CHEMICALS - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS WEAK
Tata Chemicals is weak in the short term. If it drops below 400, it becomes weak in the long term. It is likely it will go below 400 as volumes have dopped significantly. Below 400, the next support is 360 and if it does not stop here, 330. Avoid

NIFTY CALL - www.ashudutt.com

NIFTY CALL - THERE ARE 3 THINGS THAT CAN HAPPEN T THE NIFTY
a) It has a range of 6000-6300. If it crosses 6300-6350, the next levels of 6500 and 6700 etc will come easy
b) If it drops below 6000, then the range changes to 5400-6000
c)The Nifty moves back above 6300 and then it has a strong uptrend
So whatever you do, i.e. buy Nifty futures, calls etc, please make sure you have kept these ranges in mind

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EMCO - www.ashudutt.com

EMCO - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS:NONE
Emco is heading to 55. Its got no support before it. It is a technical and momentum dud. Avoid

The IPO Review - Manganese Ore IPO

The IPO Review - Manganese Ore IPO

The IPO Review - Hindustan Copper FPO

The IPO Review - Hindustan Copper FPO

Wednesday, November 10, 2010

L&T - www.ashudutt.com

L&T - SHORT TERM: STRONG, LONG TERM: STRONG, PREVAILING BIAS: NONE
L&T has been falling lately on low volumes. What you have to watch for if you are trading in this stock is that it does not go to 2000. If it does, it could go right back to 1800. So a stop loss at 2000 is warranted
If you have the stock for the long term, it is a good solid business and will remain an institutional peferred stock (but thats for investors not traders)
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INFOSYS - www.ashudutt.com

INFOSYS-SHORT TERM: STRONG, LONG TERM: WEAK, PREVAILING BIAS: STRONG
Infosys may break 3000. I don't like the way it is drifting down with low volumes. If it does break 3000 (a very strong support), the next level is 2700 (and that where it stayed for most part of the year). If you are trading, then a stop loss at 3000 is warranted. For it to establish a strong uptrend, it will need to break 3200 with 3-4 times average volume and stay there for 10-15 days
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SILVER - MAY SHED 60-70% OF ITS VALUE

SILVER DOES NOT STAND A CHANCE IF GOLD STARTS TO COLLAPSE. IT MAY HEAD FROM US$26/OZ RIGHT TO US$9/OZ
http://www.ashudutt.com/Commoditiestradinglive.aspx

GOLD - THE END OF THE ROAD - www.ashudutt.com

IF GOLD TOUCHES 1320 EXPECT IT TO COLLAPSE TO 1200 AND THEN THE REAL ROUT BEGINS. IT HAS ONE STOP POINT AT 1,000 AND THEN AT 750
WHEN BIG PROP TRADERS START SAYING THAT GOLD IS GOING TO 1600-1700 AND STATEMENTS LIKE WORLD BANK CHIEF THAT GOLD SHOULD BE BROUGHT BACK IN CURRENCY STANDARDS, IT IS TIME TO SELL GOLD. IF GOLD WAS REALLY GOING UP AND HAD MORE UPSIDE, SUCH PRONOUCEMENTS WOULD SPIKE GOLD LIKE CRAZY. INSTEAD GOLD GOES NOWHERE. INFACT, GOLD COULD COLLAPSE 50%
 
http://www.ashudutt.com/Commoditiestradinglive.aspx

TATA MOTORS - www.ashudutt.com

TATA MOTORS - SHORT TERM: STRONG, LONG TERM: STRONG, PREVAILING BIAS: STRONG
Both the short and long term charts are strong. This is not a day trade or a 2-3 day trade stock though. Hold if you have it
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HCC - www.ashudutt.com

HCC - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: NONE

HCC'S charts are pathetic and that too on falling volumes. The stock is headed to 60 and if does not stop there to 55. Sometimes, when a stock has lost popular interest, you will see one or two buyers spike up the price like today. But a rainy day does not make a rainy season

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GLENMARK PHARMA - www.ashudutt.com

GLENMARK PHARMA: SHORT TERM: STRONG, LONG TERM: STRONG, PREVAILING BIAS: STRONG
Glenmark pharma is losing momentum in the immediate term on pathetic volumes. Never a good sign. If you have it for a few day's trade, let it go

Having said that, Glenmark pharma broke through a very critical resistance at 280 and added almost a 100 rupees. So unless it heads to 280 again, its long term trend will remain up (though looking at the volumes, the stock may have more to fall)

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GLENMARK PHARMA - www.ashudutt.com

GLENMARK PHARMA: SHORT TERM: STRONG, LONG TERM: STRONG, PREVAILING BIAS: STRONG
Glenmark pharma is losing momentum in the immediate term on pathetic volumes. Never a good sign. If you have it for a few day's trade, let it go

Having said that, Glenmark pharma broke through a very critical resistance at 280 and added almost a 100 rupees. So unless it heads to 280 again, its long term trend will remain up (though looking at the volumes, the stock may have more to fall)

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Tuesday, November 9, 2010

ASHU DUTT'S "THE VALUE PICK" - INDOCO REMEDIES

ASHU DUTT'S "THE VALUE PICK" - INDOCO REMEDIES IS AVAILABLE AT http://www.ashudutt.com/Valuepicks.aspx

ASHU DUTT'S "THE VALUE PICK" - ROYAL ORCHID HOTELS LTD

ASHU DUTT'S "THE VALUE PICK" - ROYAL ORCHID HOTELS IS AVAILABLE AT http://www.ashudutt.com/Valuepicks.aspx

ASHU DUTT'S "THE VALUE PICK" - NMDC LTD

ASHU DUTT'S "THE VALUE PICK" - NMDC LTD IS AVAILABLE AT http://www.ashudutt.com/Valuepicks.aspx

ASHU DUTT'S "THE COTTON OUTLOOK"

ASHU DUTT'S "THE COTTON OUTLOOK" IS AVAILABLE AT http://www.ashudutt.com/comboombust.aspx

ASHU DUTT'S "THE BOOM & BUST JOURNAL" - DECEMBER 2010 EDITION

ASHU DUTT'S "THE BOOM & BUST JOURNAL" - DECEMBER 2010 EDITION IS AVAILABLE AT http://www.ashudutt.com/boomandbust.aspx

FAG BEARINGS - www.ashudutt.com

FAG BEARINGS - ASHU'S CALL: HOLD, CURRENT PRICE: 900, TARGET PRICE: 1,000, HOLDING PERIOD: 1 YEAR
PLEASE POST YOUR PORTFOLIO REVIEW QUESTIONS ON http://www.ashudutt.com/portfolioreview.aspx

POLYPLEX CORP - http://www.ashudutt.com/portfolioreview.aspx

PLEASE POST YOUR PORTFOLIO REVIEW QUESTIONS ON http://www.ashudutt.com/portfolioreview.aspx
POLYPLEX CORPORATION - SHORT TERM: STRONG, LONG TERM: STRONG, PREVAILING BIAS: STRONG
Polyplex has very strong short term charts. Once it broke 200, it went straight up to 900+. I would have liked to see more volumes (they have improved but are still 80,000). Hold it if you have it. What you have to watch for is the fall in volumes

SREI INFRASTRUCTURE FINANCE - www.ashudutt.com

SREI INFRA - SHORT TERM: STRONG, LONG TERM: STRONG, PREVAILING BIAS: STRONG

Both the short term and long term charts are strong. Hold if you have it. I don't like it as a trading stock though since it is prone to give very volatile moves and can get day traders caught on the wrong side of the fence

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DEVELOPMENT CREDIT BANK - www.ashudutt.com

DEVELOPMENT CREDIT BANK - SHORT TERM: STRONG, LONG TERM: WEAK, PREVAILING BIAS: NONE
DCB has had a very strong run from 50 but it must hold at 70. If it cracks, 70, the short term trend will turn weak and it could head to 60. If it can cross 75 and hold above that level for a month, the longer term charts will indicate an uptrend
If you have it hold it with a stop loss around 65
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Monday, November 8, 2010

INDIAN OIL - www.ashudutt.com

INDIAN OIL - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: NONE
If Indian Oil breaks 400 (which it is likely to do as it is falling on high volumes), it could head to 350. The charts are not looking good for Indian Oil

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http://www.facebook.com/pages/ASK-ASHU-DUTT/115142035185391#!/pages/ASK-ASHU-DUTT/115142035185391?v=wall

SBI - www.ashudutt.com

SBI - SHORT TERM: STRONG, LONG TERM: STRONG, PREVAILING BIAS: STRONG
Unless SBI breaks the support of 3200, I see no break in its uptrend. If it does break 3200, then it opens up a whole gap upto 2800. However, SBI's rise is driven by the lack of floating stock and in such strong liquidity driven markets, the maximum that may happen is a day's fall. As long as there is no breach of the 3200 level and volumes remain strong, its a "buy on dips" stock
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COTTON - POSIED TO FALL BY 50% IN 12 MONTHS

COTTON – POISED TO FALL BY 50% IN 12 MONTHS
Cotton prices have reached a point where demand is bound to fall sharply in 2011. But that will coincide with bumper supplies as cotton harvesting grows significantly driven by the high price of copper. That “point of inflection” i.e sharp fall in demand and a sharp rise in supply will create a massive fall in cotton prices. And a “perverse supply curve” will take share where the lower the price of cotton, the more those hoarding cotton in inventory will rush to sell
I expect the price of cotton to collapse by 50% in 12 months
Ashu Dutt's Cotton Outlook - December 2010 Edition - See  http://www.ashudutt.com/comboombust.aspx
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Ashu Dutt's The Currency Trader - December 2010 Edition - See http://www.ashudutt.com/currencytrader.aspx

It has permanently lost its place as the “safe haven currency”. And that means that we need to get used to a new rate for the rupee (and other Asian currencies). I would expect the rupee to be heading to Rs 30 to a US$ in the next 3 years. In the immediate term, the rupee will appreciate about 10% and get to Rs 40 anytime in the next 12 months. If the RBI tries to stop the appreciation of the rupee, the only way it can do that is by buying dollars and selling rupees. That would mean too many rupees chasing low quality assets in an already bubbly stock, real estate and commodity markets. I don’t believe the RBI will go that way. Its way too important for the RBI to keep inflationary pressures low than worry about an appreciating rupee
Ashu Dutt's The Currency Trader - December 2010 Edition - See http://www.ashudutt.com/currencytrader.aspx
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THE DEBASING OF THE DOLLAR - http://www.ashudutt.com/currencytrader.aspx

“THE DEBASING OF THE DOLLAR” – RS 30 to a US$?
Monetary policy was meant to provide liquidity when markets seemed to be choked for money.  But the US Federal Reserve has turned it into a way to finance dud assets that don’t deserve to be bought. In other words, the US Federal Reserve is putting such high quantities of US dollars in the market that it is being used to finance duds. When you do that i.e. print more and more money, eventually, you “debase” a currency. And that’s where the US dollar is headed.
Ashu Dutt's The Currency Trader - December 2010 Edition - See  http://www.ashudutt.com/currencytrader.aspx
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THE DEBASING OF THE DOLLAR - http://www.ashudutt.com/currencytrader.aspx

“THE DEBASING OF THE DOLLAR” – RS 30 to a US$?
Monetary policy was meant to provide liquidity when markets seemed to be choked for money.  But the US Federal Reserve has turned it into a way to finance dud assets that don’t deserve to be bought. In other words, the US Federal Reserve is putting such high quantities of US dollars in the market that it is being used to finance duds. When you do that i.e. print more and more money, eventually, you “debase” a currency. And that’s where the US dollar is headed.
Ashu Dutt's The Currency Trader - December 2010 Edition - See  http://www.ashudutt.com/currencytrader.aspx
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NIFTY AT 7,000 OR 8,000 - http://www.ashudutt.com/boomandbust.aspx

NIFTY AT 7000/8000?
Speculative flows are “blind” money will take the Nifty to 7,000 or maybe 8,000. The rise will be swift and vertical. We could get there by February or March 2011. Unbelievable! Maybe. Possible? Absolutely
With low floating stock, most available stock in top tier companies already in institutional portfolios, a potent combination of low float, large amounts of cash (and more coming in every day)  is building up which seems ripe to take the market in a vertical fashion
Ashu Dutt's The Boom & Bust Journal - December 2010 Edition - See http://www.ashudutt.com/boomandbust.aspx
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QUESTIONS ON YOUR PORTFOLIO - PLEASE PUT ON http://www.ashudutt.com/portfolioreview.aspx

QUESTIONS ON YOUR PORTFOLIO? PLEASE SEE http://www.ashudutt.com/portfolioreview.aspx

HINDUSTAN OIL EXPLORATION - www.ashudutt.com

TRADING CALLS
HINDUSTAN OIL EXPLORATION - SHORT TERM: STRONG, LONG TERM: WEAK, PREVAILING BIAS: NONE
HOEC seems to be making a very strong short term move on 3-4 times average 3 month volume. If it gets to 300 which is likely, it will head to 350 and around 370, it would have no resistance on the upside. Hold if you have it

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SHREE RENUKA SUGAR - www.ashudutt.com

TRADING CALLS
SHREE RENUKA SUGARS - SHORT TERM: STRONG, LONG TERM: STRONG, PREVAILING BIAS: STRONG
Shree Renuka is gathering momentum and the rise is becoming veritical i.e the speed at which the price and volume is going up is accelerating. That makes it a day trade, swing trade and perhaps a long term trade
The stock has a very strong support at 80. And from that point it has had volumes running up 3-4 times its 3 month average and the speed of the rise has been strong. Hold if you have it. Looks ok to trade

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RCF - www.ashudutt.com

TRADING CALLS
RCF - SHORT TERM: STRONG,LONG TERM STRONG, PREVAILING BIAS: STRONG
RCF is going through "warehousing" i.e. the buy orders are very large (and they come in one or 2 waves a day) and the sellers are smaller lot holders. When a stock moves into this kind of buy/sell imbalance, it can head much much higher. The stock has other things going for it. It has broken through all resistances including the last resistance at around 115 and that too on volumes of 7 times 3 month average volumes
Good for a day trade, swing trade, long term trade. Hold if you have it. There is more to come

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CANARA BANK - www.ashudutt.com

TRADING CALLS
CANARA BANK - SHORT TERM: STRONG, LONG TERM: STRONG, PREVAILING BIAS: STRONG
Canara Bank has very strong day charts, short term/swing/position trading charts and long term charts. Volumes are a strong 3 times 3 month average. And to top it all, there is hardly any floating stock
Rarely do you get such a potent combination. The stock is on a roll. Hold if you have it. Fine to trade. There is no resistance at these levels. A stop loss around Rs 40 away from the curren price is fine
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Friday, November 5, 2010

ASHU DUTT "THE MULTIBAGGER" - http://www.ashudutt.com/Multibagger.aspx

The Multibaggers that I identify for Institutional Investors are posted at this link (not all though) - http://www.ashudutt.com/Multibagger.aspx
Please visit this link to see the Multibaggers that I add from time to time

ASHU DUTT'S "THE INSTITUTIONAL INVESTOR" - http://www.ashudutt.com/institutionalinvestor.aspx

ASHU DUTT "THE INSTITUTIONAL INVESTOR" - I write these monthly for Institutional Investors. They may assist you in understanding the kind of moves that happened yesterday


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SHREE GANESH JEWELRY - www.ashudutt.com

SHREE GANESH JEWELRY - SHORT TERM: STRONG, LONG TERM: NONE, PREVAILING BIAS: NONE


The short term charts are turning vertical. The rise is getting even faster every day. But there is not enough chart data to show if this will continue for the long term. Hold if you have it



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GEETANJALI GEMS - www.ashudutt.com

GEETANJALI GEMS - SHORT TERM: STRONG, LONG TERM: STRONG, PREVAILING BIAS: STRONG



Geetanjali Gems is going from strength to strength. Its long term charts are good but its short term charts are getting more and more vertical i.e. price rise is coming faster in the short term on 3-4 times average 3 month volume. Hold if you have it. Buying for a trade is also fine with a stop loss at 300. What you need to watch for is a drying up of volumes

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Thursday, November 4, 2010

HINDALCO - wwwa.ashudutt.com

HINDALCO - SHORT TERM: STRONG, LONG TERM: STRONG, PREVAILING BIAS: STRONG


Hindalco may provide a good short term trade as long as dollar continues to fall and global commodities get a leg up. Short and long term charts are strong



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AUROBINDO PHARMA - www.ashudutt.com

AUROBINDO PHARMA - SHORT TERM: STRONG, LONG TERM: STRONG, PREVAILING BIAS: STRONG


Aurobindo Pharma has very strong long term trends since 800 and short term trends since 1000. Hold if you have it. Ok to trade with a Stop Loss above 1200


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SOUTH INDIAN BANK - www.ashudutt.com

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Warm Regards,

Ashu Dutt

ashu@ashudutt.com

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Warm Regards,

Ashu Dutt

ashu@ashudutt.com

PTC - www.ashudutt.com

PTC - SHORT TERM: STRONG, LONG TERM: STRONG, PREVAILING BIAS: STRONG


PTC has strong short term charts and its support is at 120. It could head anywhere since there is no resistance. I would have liked to see higher volumes but in this case lower volumes could be a sign of unavailability of floating stock. Hold if you have it. Ok to trade with a Stop Loss of 120



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BALKRISHNA INDUSTRIES - www.ashudutt.com

BALKRISHANA INDUSTRIES - SHORT TERM: WEAK, LONG TERM:WEAK, PREVAILING BIAS:NONE


This is not a trading stock. With such low volumes, it could reverse course anytime. Balkrishna Industries is weak because its volumes are non existant. If we start getting volumes that are around 300,000-500,000 a day, I would have said the charts are strong



If you have it, hold it since the price trend is up. If you plan to buy it for a trade, avoid



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HAPPY DIWALI

HERE'S WISHING YOU AND YOUR FAMILY A VERY HAPPY DIWALI. MAY IT BRING MORE MONEY THAT YOU DESIRE AND ABOVE ALL GREAT HAPPINESS




WARM REGARDS

ASHU DUTT

SUJANA TOWERS - www.ashudutt.com

SUJANA TOWERS - SHORT TERM: VERY STRONG, LONG TERM: UNKNOWN, PREVIALING BIAS: STRONG


Sujana Towers have a very strong short term uptrend. It spent the entire year around 60 and then had this breakout. Such sharp moves on sharp volumes create trading as long as volumes and price are rising. The sign to get out is when the volumes drop. Hold if you have it. Ok to trade. But watch for a drop in volumes to exit



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SUJANA TOWERS - www.ashudutt.com

SUJANA TOWERS - SHORT TERM: VERY STRONG, LONG TERM: UNKNOWN, PREVIALING BIAS: STRONG


Sujana Towers have a very strong short term uptrend. It spent the entire year around 60 and then had this breakout. Such sharp moves on sharp volumes create trading as long as volumes and price are rising. The sign to get out is when the volumes drop. Hold if you have it. Ok to trade. But watch for a drop in volumes to exit



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IDBI BANK - www.ashudutt.com

IDBI BANK - SHORT TERM: VERY STRONG, LONG TERM: STRONG, PREVIALING BIAS: VERY STRONG




IDBI's short term charts are very strong and could take it over 200. Infact, it could head anywhere now that it has no resistance. The rise is vertical since 120. Long term charts are also strong. Hold if you have it. Ok for a short term trade too



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INDIABULLS REAL ESTATE - www.ashudutt.com

INDIABULLS REAL ESTATE - I have already picked it as a Multibagger. Please see this link - http://www.ashudutt.com/Multibagger.aspx

LIC HOUSING FINANCE - www.ashudutt.com

LIC HOUSING FINANCE - SHORT TERM: WEAK, LONG TERM: STRONG, PREVAILING BIAS: STRONG


"Saved by the bell". LIC Housing finance was heading into a downward tailspin. Had it hit 1300, it would have collapsed to 1200. It got rescued but it is not out of the woods. Volumes are still 1/2 of average 3 month volume (not a good sign). It will have to cross 1400 on 3-4 times average 3 month volume and stay there for 7-10 trading sessions to make a shor term uptrendIf you have it, hold it with a stop loss above 1300. Not a good stock for a short term trade as of now
 
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BASF - www.ashudutt.com

BASF - SHORT TERM: WEAK, LONG TERM: STRONG, PREVAILING BIAS: NONE


BASF is losing its price and volume momentum in the short term. The long term charts remain strong though. There is no risk of a collapse till around 600. So if you have the stock keep a stop loss at a little above 600. If it falls below 600, its next support is at 500. Avoid for a day trade or a very shor term trade and wait for volumes to build up



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BAJAJ HOLDING & INVESTMENT - www.ashudutt.com

BAJAJ HOLDINGS & INVESTMENTS: SHORT TERM: STRONG, LONG TERM: STRONG, PREVAILING BIAS: NONE


Both the short and long term charts are strong. The volumes though are weak. If you have it hold it. If you plan to buy as a trading buy, I would wait to see some serious volume buildup



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TATA STEEL F&O - http://www.ashudutt.com/fandotradinglive.aspx

TATA STEEL: NOVEMBER FUTURES OR NOVEMBER 640 CALL


Tata Steel seems headed for 650. A 640 Call may work but a November future may be better



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NIFTY - www.ashudutt.com

NIFTY - SHORT TERM: STRONG, LONG TERM: STRONG, PREVAILING BIAS: STRONG


Nifty today rose no 3 big buying sprees. Such buying sprees have been lead by the US Fed's US$600 billion printing money (another word for buying "bonds" in the open market). So this was enough to make the world markets jump and dance. Having said that, while the short term is fine, don't expect today's moves to continue on a day to day basis. 6200 will have to hold on the Nifty for 7-10 trading sessions before the trend is established

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Wednesday, November 3, 2010

ADANI POWER - www.ashudutt.com

ADANI POWER – SHORT TERM: WEAK, LONG TERM: STRONG, PREVAILING BIAS: STRONG

I would like to see Adani Power hold above 140 (its support) for atleast 10-15 trading sessions. Once that happens, it will become a swing trading call (5-10 day trade).  It is already in a long term uptrend. The only thing that concerned me were the wild swings it has demonstrated in the past 1 month and its inability to hold 140 through the month

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ADANI POWER - www.ashudutt.com

ADANI POWER – SHORT TERM: WEAK, LONG TERM: STRONG, PREVAILING BIAS: STRONG

I would like to see Adani Power hold above 140 (its support) for atleast 10-15 trading sessions. Once that happens, it will become a swing trading call (5-10 day trade).  It is already in a long term uptrend. The only thing that concerned me were the wild swings it has demonstrated in the past 1 month and its inability to hold 140 through the month

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