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Thursday, June 18, 2009

News-letter

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Over View for Today
A strong reversal on cards, we can see nifty bouncing to 4300-4350 levels. Nifty likely to be in a trading range of 4190-4380. Ambani group likely to lead the market. Most of the stocks are trading on there support level. Banking stocks are looking good and followed by IT pack. Volatility will be very high and one need to be careful. Reliance will be the stock to watch and also ONGC from the oil pack.
Major Indices Closing Resistance Support
R1 R2 S1 S2
Nifty 4251.40 4343.75 4436.10 4190.55 4129.75
Trend Decider: 4282.95
Buy Nifty on decline with Strict Stop loss 4180 tar 4280-4330-4380
Sensex 14265 14535 14800 14314.20 14106.12
Trend Decider: 14360
BHARTI 804.85 815.05 825.45 793.65 782.65
Trend Decide: 804.05
Sell below 788 Stoploss 796 Tar 776-765
Buy above 806 sl 800 tar 815-825
RELIANCE 2025.05 2068.30 2111.60 1985.90 1946.80
Trend Decider: 2029.20 Major Support: 1999
Buy with a SL of 1980 for Tar 2070-2110

TataSteel 388.30 412.70 437.10 371.60 354.90
Trend Decider: 396.00 Major Support 355

Relcapital 883.15 933.60 984.05 848.90 814.65

Trend Decider: 899.35 Major Support : 865
Bullish above 904

RNRL
90.30
95.55
100.90
86.50
82.15
Trend Decider: 91.55

LT
1415.75
1463.00
1510.30
1385.40
1355.10
Trend decider :1432.70 Major Support : 1380

DLF
321.55
338.65
355,80
306.50
291.55
Trend decider :323.70 Major Resistance: 355 Major Support:305

Punjlloyd
183.10
197.10
212.30
171.55
160.00

Trend decider :186.15


SBIN
1703.30
1735.00
1766.70
1665.30
1627.30

Trend decider :1697.00 Major Support: 1600
Buy above 1720 tar 1748-1772
RCOM
298.60
311.40
324.30
288.90
279.30
Trend Decider: 301.80 Major Support: 280


Nifty 4400 CA
47.9

Nifty 4400CA was the most active call and we saw tremendous volumes in this counter. Buy on decline with SL 30 Tar 75-90
Nifty 4300 PE
119
Nifty 4300PE was the most active put and we saw tremendous volumes in this counter.

Stocks to Watch

Market Outlook
It was another scary session for the markets led by huge profit booking in infrastructure, commodities and realty stocks. The sell-off was accompanied by huge volumes, which crossed the Rs 1-lakh crore mark. The broader largecap Index Nifty 50 closed just above the 4250 level after seeing an intraday low of 4222.15. Some largecaps saw more than 8% cut in today's trade. Fresh shorts build-up and follow-up unwinding were other reasons for the markets' downfall. ONGC, NTPC, SAIL, Tata Steel, BHEL, L&T, ICICI Bank and Reliance Communication were the negative contributors. However, there was some support seen from SBI, Bharti, Infosys, Hero Honda, Axis Bank, Sun Pharma, Tata Motors, BPCL and PNB. The 30-share BSE Sensex fell 1.77% or 257.31 points, to settle at 14,265.53, after seeing an intraday low of 14,188.25. The NSE Nifty 50 closed at 4251.40, down 2.4% or 104.75 points. Among the broader indices, the BSE Midcap Index slipped 144.21 points or 2.87%, to 4,876.86 and the Smallcap Index fell 3.7% or 214.10 points, to 5,572.44. The Nifty futures added about 35 lakh shares in open interest (OI) and saw a turnover of more than Rs 15,000 crore. Nifty Open Interest PCR (put-call ratio) declined further to 0.88; 4300 Call added 13 lakh shares and 4,400 Call added 10 lakh shares while 4,200 Put added 10 lakh shares in Open Interest.
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DISCLOSURE: As an investment and trading consultant my clients may or may not have positions in above-mentioned stocks. I personally, my family, relatives and friends also may or may not have positions in above-mentioned stocks.DISCLAIMER: Contents of this web page have been given in good faith and purely with an independent view. Readers are strictly advised to use this information at their own risk. It is not an offer to act on this information or buy, sell or hold securities. Author would not be liable for any loss or profit arising out of readers acting on the information provided herein because trading in securities carries its inherent Risks. Readers are advice to take their positions on one's own judgment. Fees once paid shall not be returned.

The Fibonacci Sequence

The Fibonacci Sequence Purpose
To appreciate and investigate a numerical pattern; to look for evidence of mathematical patterns in nature.Context
In this lesson, students will explore the Fibonacci sequence. They will identify the pattern among the Fibonacci numbers, look for applications of these numbers, and explore the ways that this pattern can be related to objects and shapes in both the natural and designed world. Science and technology are rich and especially important contexts in which to learn the value of mathematics and to develop mathematical problem solving skills, but they are not the only ones. (Benchmarks for Science Literacy,
p. 32.) This lesson uses examples from art and architecture, as well as nature, to reinforce the ideas in the central benchmarks. In grades 3-5, students should be encouraged to describe all sorts of things mathematically—in terms of numbers, shapes, and operations. In middle school, students should continue to have opportunities to reflect on the nature of patterns and relationships in a purely abstract way. Planning Ahead
Materials:
Fibonacci Sequence student E-Sheet
Fibonacci Sequence student sheet
Motivation
In a discussion, have students provide examples of patterns and some of the reasons why it might be helpful to study them. Tell students that they will investigate a numerical pattern and how it relates to the world around them.
Write the following number sequence on the blackboard: 0, 1, 1, 2, 3, 5, 8, _. Have students look at this series of numbers and allow them to guess the next number in the series. Ask students to explain the pattern or rule that they are following. You may wish to go on to the next activity before showing students the correct number. Development
Tell students that the Fibonacci sequence is a series of numbers developed by Leonardo Fibonacci as a means of solving a practical problem: Fibonacci wanted to determine the rate at which pairs of rabbits would reproduce. Refer students to the
Fibonacci Sequence student E-Sheet, which will guide them through some online investigations of the Fibonacci sequence and it's appearance in nature. Some instructional suggestions regarding these resources are listed here:
Fibonacci's Rabbits, found on the Fibonacci Numbers and the Golden Section in Nature website, provides text and an illustration related to the Fibonacci sequence. You may wish to print out the page and use the text and illustration to create a student worksheet depicting the rabbit problem. Distribute the worksheet to students and have them work with a partner to draw the next 1-2 lines of rabbits. Ask students to record and share their method for solving the problem.
Honeybees and Family Trees is another example of the Fibonacci sequence.
Petals on Flowers shows how on many plants the number of petals is a Fibonacci number.
Now have students explore
Solve the Puzzle of the Seashell Spiral. After students have explored the puzzle, ask them to work with a partner to generate the next two (or more) numbers in the series, allowing students to use calculators if desired. Share results as a class. Create a classroom chart of the first ten numbers in the Fibonacci sequence for future use.
Ask students to answer these questions on the student sheet:
How might knowing this number pattern be useful?
What kinds of things can the numbers in the Fibonacci sequence represent?
Tell students: Sometimes patterns and relationships are studied simply because they are interesting, and sometimes because they help solve practical problems. Number patterns also can be studied in relation to the world in which we live, in order to help us better understand it. For instance, many of the numbers in the Fibonacci sequence can be related to the things that we see around us.
Refer again to
Solve the Puzzle of the Seashell Spiral. Challenge students to draw a "perfect" spiral on a blank sheet of paper. Allow students to post their drawings and explain the strategy that they used to create the spiral.
One example of the golden spiral can be found on a seashell. Have students look for other natural examples of the golden spiral in a seashell, pinecone, pineapple, or cauliflower. For more information on designing this activity, go to
Fibonacci Numbers and the Golden Section in Nature. Allow students to explore the outside world to look for examples of Fibonacci numbers in seed and leaf arrangements, flowers, and other natural objects.
Ask students to revisit their answers to the following questions, adding or refining their responses based on what they have learned about patterns in nature:
How might knowing this number pattern be useful?
What kinds of things can the numbers in the Fibonacci sequence represent?
Assessment
The following activities can be used to assess student understanding:
Ask students to record their answer to the following: Why study patterns? Give an example of how understanding a numerical pattern might be useful.
Have students construct a golden spiral using the method of their choice. Then, have them write about the strategy that they used to construct the spiral and how this relates to Fibonacci numbers.
Sometimes mathematicians study patterns in shapes and numbers because they explain how the world works or because they help to solve practical problems. Can you think of how we can use the Fibonacci sequence in this way?
Collect a natural object that can be related to the Fibonacci sequence. Draw a sketch and write an explanation of how it relates to one or more of the Fibonacci numbers.
Extensions
For an additional Nature of Mathematics lesson for grades 6-8, go to the Science NetLinks lesson entitled
Finding Satisfactory Solutions. In the Illuminations lesson Golden Rule, students explore the Fibonacci sequence, examine how the ratio of two consecutive Fibonacci numbers creates the Golden Ratio, and identify real-life examples of the Golden Ratio. In this lesson, students will use spreadsheet and geometry sketching programs to explore the numbers. For further examples of how the Fibonacci numbers can be related to objects in the designed world, go to the Golden Section in Art, Architecture and Music. Go to Easier Fibonacci Puzzles for activities in which students manipulate objects such as bricks (substitute blocks and conduct as a hands-on activity), dominoes, and chairs in order to find numerical patterns and solve the puzzles. All of the puzzles have Fibonacci numbers as their answer. Biographical information about Italian mathematician Leonardo Pisano, better known by his nickname, Fibonacci, can be found at the Leonardo Pisano Fibonacci page. The Fibonacci Sequence for Visual Layout, on the Art Studio Chalkboard site, explains how the Fibonacci sequence is used in composition.
Sourses www.sciencenetlinks.com
Created : 07/06/2000

Sunday, June 14, 2009

The Major Japanese Candlestick Patterns

The Major Japanese Candlestick Patterns
There are really only 12 major Candlestick patterns that need to be committed to memory. The Japanese Candlestick trading signals consist of approximately 40 reversal and continuation patterns. All have credible probabilities of indicating correct future direction of a price move. The following dozen signals illustrate the major signals. The definition of "major" has two functions. Major in the sense that they occur in price movements often enough to be beneficial in producing a ready supply of profitable trades as well as clearly indicating price reversals with strength enough to warrant placing trades.Utilizing just the major Japanese Candlesticks trading signals will provide more than enough trade situations for most investors. They are the signals that investors should contribute most of their time and effort. However, this does not mean that the remaining patterns should not be considered. Those signals are extremely effective for producing profits. Reality demonstrates that some of them occur very rarely. Other formations, although they reveal high potential reversals, may not be considered as strong a signal as the major signals. Below is the summary of the major candlestick formations and their definitions. For free print version of signal, with pattern recognition and trading psychology - Click Here Additionally, clicking on any of the individual signals will take you to the specific trading criteria plus signal enhancements and pattern recognition for printout.
A Doji is formed when the open and the close are the same or very close. The length of the shadows are not important. The Japanese interpretation is that the bulls and the bears are conflicting. The appearance of a Doji should alert the investor of major indecision.
The Gravestone Doji is formed when the open and the close occur at the low of the day. It is found occasionally at market bottoms, but it's forte is calling market tops. The name, Gravestone Doji, is derived by the formation of the signal looking like a gravestone.

The Long-legged Doji has one or two very long shadows. Long-legged Doji's are often signs of market tops. If the open and the close are in the center of the session's trading range, the signal is referred to as a Rickshaw Man. . The Japanese believe these signals to mean that the trend has "lost it's sense of direction."

The Bullish Engulfing Pattern is formed at the end of a downtrend. A white body is formed that opens lower and closes higher than the black candle open and close from the previous day. This complete engulfing of the previous day's body represents overwhelming buying pressure dissipating the selling pressure.

The Bearish Engulfing Pattern is directly opposite to the bullish pattern. It is created at the end of an up-trending market. The black real body completely engulfs the previous day's white body. This shows that the bears are now overwhelming the bulls.

The Dark Cloud Cover is a two-day bearish pattern found at the end of an upturn or at the top of a congested trading area. The first day of the pattern is a strong white real body. The second day's price opens higher than any of the previous day's trading range.

The Piercing Pattern is a bottom reversal. It is a two candle pattern at the end of a declining market. The first day real body is black. The second day is a long white body. The white day opens sharply lower, under the trading range of the previous day. The price comes up to where it closes above the 50% level of the black body.

Hammer and Hanging-man are candlesticks with long lower shadows and small real bodies. The bodies are at the top of the trading session. This pattern at the bottom of the down-trend is called a Hammer. It is hammering out a base. The Japanese word is takuri, meaning "trying to gauge the depth".

The Morning Star is a bottom reversal signal. Like the morning star, the planet Mercury, it foretells the sunrise, or the rising prices. The pattern consists of a three day signal.


The Evening Star is the exact opposite of the morning star. The evening star, the planet Venus, occurs just before the darkness sets in. The evening star is found at the end of the uptrend.


A Shooting Star sends a warning that the top is near. It got its name by looking like a shooting star. The Shooting Star Formation, at the bottom of a trend, is a bullish signal. It is known as an inverted hammer. It is important to wait for the bullish verification. Now that we have seen some of the basic signals, let's take a look at the added power of some of the other formations.