>Dow jones Technical Analysis

I have come up with a update on dowjones Chart Analysis after a long gap.
In the last analysis Dow jones as was discussed Dow was in 4th of 3rd main wave,
which finished near 9700.From there 5th of main 3rd started which
ended near 7500.A good 1200 points.

So the killer 3rd main wave of dowjones is over,And presently we are in
4th main wave.

According to chart the parallel line channel holds much importance which
projects the upper resistance at 9500.

downside 8200-8000 is a good support .

These corrective ups give great opportunity for Traders Dowjones already saw
great run 7500 to 9000.

Regards
Rish
RESEARCH REPORTS

>Amibroker formula language(AFL)

Today,I am sharing an AFL which tells about trendline
support ,resistances and wedges.

In a bear market wedges play a very important role
most of the falls intraday from resistances tend to make
rising wedge chart pattern before falling.

Trendline resistance and supports are vital in calculating
long target and short targets respectively.

If you find it difficult to spot a wedges or trendline support
and resistances this AFL indicator will help you to decide.
RSI Trendline & Wedges.Afl is one such Afl indicator.

Download it here RSI Trendline & Wedges.Afl

Now many asked me how to use it in Amibroker .Let me explain
it
Start Amibroker go to view tick Charts after ticking charts
you will see in left side a new column will appear with heading
Charts(usually its their already by default),Fine.

Under Charts section there would be so many indicators,Averages
etc.
Go to a particular heading by name Custom,Right click on custom
New>>Formula .A blank Afl editor will open.
Just drag this downloaded Afl rsi trendline&wedges.Afl in that
blank Afl editor and save it as Rsi trendline & Wedges.Afl.

Once all this is done you will see your Indicator below Custom .
Which can be produced on chart by double clicking on the indicator.

I hope i made it clear,Still if someone has got any doubt do leave a comment.


Regards
Rish



RESEARCH REPORTS

>INSIDE TRADING 10-12-2008

532628 3i Infotech limited Mr. V Srinivasan 01/12/2008 B 35000 177040 0.14 532628 3i Infotech limited Mr.V Srinivasan 04/12/2008 B 21000 198040 0.15 524448 Ahlcon Parenterals (India) Ltd., Bikramjit Ahluwalia 01/12/2008 B 1200000 16.66 1797412 24.96 532828 AMD Industries Ltd Harswarup Gupta 04/12/2008 B 27041 1883511 9.82 532935 Aries Agro Limited, Dr. Jimmy Mirchandani 03/12/2008 B 13814 1710657 13.15 524804 Aurobindo Pharma Ltd. P. Suneela Rani. 04/12/2008 B 10000 0.02 6166110 11.47 524804 Aurobindo Pharma Ltd. P.V.Ramprasad Reddy. 04/12/2008 - 05/12/2008 B 530000 0.99 16229088 30.19 532797 AUTOLINE INDUSTRIES LTD. M Radhakrishnan 03/12/2008 - 04/12/2008 B 10037 47722 0.39 532797 AUTOLINE INDUSTRIES LTD. M Radhakrishnan 06/12/2008 B 1797 49519 0.40 504646 Bhagwati Autocast Limited Reena P. Bhagwati. 01/12/2008 B 500 301296 10.45 504646 Bhagwati Autocast Limited Mandakini P. Bhagwati. 01/12/2008 B 500 231476 8.03 500067 Blue Star Ltd Mr. Ashok M Advani 26/11/2008 - 03/12/2008 B 21051 6918402 530871 Chembond Chemicals Ltd. Nirmal V. Shah. 04/12/2008 B 200 95774 530871 Chembond Chemicals Ltd. Nirmal V. Shah. 01/12/2008 B 100 -- 530871 Chembond Chemicals Ltd. Nirmal V. Shah. 02/12/2008 B 500 -- 530871 Chembond Chemicals Ltd. Nirmal V. Shah. 03/12/2008 B 150 -- 530427 Chokshi Imaging Ltd. Ms. Ratna Mody 06/11/2008 B 3657 19960 0.51 530427 Chokshi Imaging Ltd. Ms. Gaurav S Choksi 06/11/2008 B 3153 154344 3.95 522163 Diamond Cables Ltd. Clearwater Capital Partners (Cyprus) Ltd 02/12/2008 B 750000 2.86 0 0.00 522163 Diamond Cables Ltd. Clearwater Cap.Partner(Cyprus) Ltd 28/11/2008 S 225000 1.19 0 522163 Diamond Cables Ltd. Clearwater Cap.Partners (Cyprus) Ltd 28/11/2008 S 75000 0.40 2227549 11.84 532768 FIEM INDUSTRIES LIMITED Seema Jain 04/12/2008 B 43065 1432266 11.97 532768 FIEM INDUSTRIES LIMITED Seema Jain 03/12/2008 B 42279 1389201 11.51 501848 Garware Offshore Services Limited Ashok B Garware 26/11/2008 - 04/12/2008 B 11174 133677 0.56 532767 Gayatri Projects Limited Mr. T V Sandeep 05/12/2008 B 29870 1186985 11.75 509073 Hathway Bhawani Cabletel & Datacom Kuldeep Puri 11/11/2008 - 04/12/2008 B 29662 185287 2.31 532334 HB Estate Developers Ltd. Shri H C Bhasin 01/12/2008 B 7 5492069 45.61 522073 Hi-Tech Gears Ltd., Mr. Pranav Kapuria 03/12/2008 B 25 388413 4.14 522073 Hi-Tech Gears Ltd., Mr.Anuj Kapuria 03/12/2008 B 50 404597 4.31 532873 Housing Development & Infrastructure Ltd Ashok Kumar gupta 01/12/2008 B 250000 0.09 1005800 0.36 500010 Housing Development Finance Corp.Lt N M Munjee 03/12/2008 S 1500 12780 500875 ITC Ltd Mr. Yogesh Chander Deveshwar 04/12/2008 S 200000 862575 0.02 532976 Jai Balaji Industries Limited Jai Salasar Balaji Industries Pvt Ltd. 04/12/2008 B 38837 0.08 1431155 3.04 532976 Jai Balaji Industries Limited Jai Salasar Balaji Industries Pvt Ltd. 03/12/2008 B 27627 0.06 1392318 2.96 530007 JK Tyre & Industries Ltd. Ricky Kirpalani & Pac's. 17/11/2008 B 8614 0.02 2053096 5.00 532926 Jyothy Laboratories Limited M P Ramachandran 04/12/2008 B 2207 6864954 47.29 532926 Jyothy Laboratories Limited M P Ramachandran 24/11/2008 - 03/12/2008 B 1803 6862747 47.28 502937 Kesoram Industries Ltd Smt. Manjushree Khaitan 01/12/2008 B 7000 132052 0.28 500241 Kirloskar Brothers Ltd., Better Value Holdings Pvt Ltd. 02/12/2008 - 03/12/2008 B 2775 52909280 50.02 512559 Kohinoor Foods Ltd Temptation Foods Ltd. 04/12/2008 B 270000 1.02 2450648 530813 KRBL Ltd. Mr. Anil Kumar Mittal 02/12/2008 B 35000 1791101 7.37 530813 KRBL Ltd. Mr. Arun Kumar Gupta 02/12/2008 B 35000 1858100 7.64 530813 KRBL Ltd. Mr. Anoop Kumar Gupta 02/12/2008 B 35000 1831000 7.53 530813 KRBL Ltd. Mr.Anil Kumar Mittal 04/12/2008 B 55000 1846101 7.59 530813 KRBL Ltd. Arun Kumar Gupta 04/12/2008 B 55000 1913100 7.87 530813 KRBL Ltd. Mr. Anoop Kumar Gupta 04/12/2008 B 55000 1886000 7.76 532850 MIC Electronics Limited Nandigram Redhesyam 13/08/2008 - 04/12/2008 B 16100 81000 0.08 524816 Natco Pharma Ltd. Time Cap Pharma Labs Pvt Ltd. 04/12/2008 B 2800 0.01 3258891 11.62 500304 NIIT Ltd., Rajendra Singh Pawar 03/12/2008 - 04/12/2008 B 385250 646389 1.10 532481 Noida Toll Bridge Company Ltd Pradeep Puri 03/12/2008 - 05/12/2008 B 43751 496000 0.26 532481 Noida Toll Bridge Company Ltd Mr. Pradeep Puri 14/11/2008 - 02/12/2008 B 25349 452249 0.24 532944 OnMobile Global Ltd. Vikram Sreekant Kirloskar 04/12/2008 B 13000 0.02 13000 0.02 500314 Oriental Hotels Ltd., Mr. D V Sivaprasad Reddy 03/12/2008 S 70270 0.39 15600 0.08 500314 Oriental Hotels Ltd., Mr. D Varada Reddy 26/06/2008 - 03/12/2008 B 40253 0.22 347051 1.94 500314 Oriental Hotels Ltd., Mr. Pramod Ranjan 03/12/2008 B 35000 0.19 288766 1.61 504864 Orissa Sponge Iron And Steel Limited Nandita Sen 30/09/2008 B 220 1670 511525 Pan India Corporation Ltd Duggal Contractors Pvt Ltd 01/12/2008 B 21211475 9.90 21211575 9.90 531120 Patel Engineering Ltd Patel Engineering Employee Welfare Trust 28/11/2008 - 03/12/2008 B 6855 3347805 5.61 531120 Patel Engineering Ltd Patel Realtors Pvt Ltd 27/11/2008 - 03/12/2008 B 20000 14154725 23.72 526247 Premier Explosives Ltd. A N Gupta 03/12/2008 B 5000 0.06 1197666 14.73 532689 PVR Ltd. Mr.Sanjeev Kumar 02/12/2008 - 03/12/2008 B 10000 10000 0.04 532689 PVR Ltd. Bijli Investments Private Ltd 26/11/2008 - 02/12/2008 B 28500 0.12 5047107 531273 Radhe Developers (India) ltd. Ashish P Patel 03/12/2008 B 9607 1914056 18.80 500354 Rajshree Sugars & Chemicals Ltd., Rajshree Pathy 03/12/2008 B 193 7107533 31.32 500376 Satyam Computer Services Ltd Manish Mehta 28/11/2008 S 1500 269920 0.04 500376 Satyam Computer Services Ltd P Sriram Prasad 28/11/2008 S 10000 109002 0.01 532793 Shree Ashtavinayak Cine Vision Ltd Dahlia Traders Pvt Ld 05/12/2008 S 2000 0.01 3409827 32.54 532833 SPARSH BPO SERVICES LIMITED Mr. Kapil Puri 26/11/2008 - 28/11/2008 S 1846 1123444 6.96 532833 SPARSH BPO SERVICES LIMITED Mr. Kapil Puri 26/11/2008 - 28/11/2008 B 1846 0.01 -- 514142 T T Ltd Mrs. Jyoti Jain 05/11/2008 - 02/12/2008 B 31540 1597317 7.43 532356 Triveni Engineering & Industries Ltd Mrs.Rati Sawhney 28/11/2008 - 02/12/2008 B 166678 19938388 7.73 532356 Triveni Engineering & Industries Ltd Dhruv M Sawhney 28/11/2008 - 02/12/2008 B 166678 19938388 7.73 532824 Vijayeswari Textiles Ltd. Seshraj Enterprises Pvt Ltd 02/12/2008 - 03/12/2008 B 41402 0.23 7017162 38.62 511333 VLS Finance Limited VLS Capital Ltd. 02/12/2008 B 1745 0.00 11798286 29.64 511333 VLS Finance Limited VLS Capital Ltd. 02/12/2008 B 1547 0.00 11799833 29.65 511333 VLS Finance Limited VLS Capital Ltd. 03/12/2008 B 3033 0.00 11805308 29.66 511333 VLS Finance Limited VLS Capital Ltd. 04/12/2008 B 1002 11806310 29.66 511333 VLS Finance Limited VLS Capital Ltd. 04/12/2008 B 1736 4.00 11808046 29.67 511333 VLS Finance Limited VLS Capital Ltd. 05/12/2008 B 2500 0.01 11810546 29.67 511333 VLS Finance Limited VLS Capital Ltd. 05/12/2008 B 9832 0.02 11820378 29.70 511147 Wall Street Finance Ltd. Areef A. Patel. 04/12/2008 B 31000 100800 0.87

B - Buy

S - Sale

RESEARCH REPORTS

>Reliance Industries Technical view

I am back with a small analysis on reliance Industries.
As we see from the hourly chart of reliance ,Its been consolidating in a range
for some time now ,Acording to old analysis Reliance elliott
Any move above 1180 will add more bulls to the stock but every time
Reliance nears 1180 stock witnesses good selling.

Come to next chart 15 min which shows clear 3up the part after 3up
is debatable it could be still in 4th or this could be a small 5th failure.

Idea would be to trade Reliance range till a breakout happens

Buy near 1060 book near 1180 or trail
and
sell near 1180 with a 2% sl

for a traget again in the same range.... Its been happening for some time
Thats why with Reliance sideways Nifty moves are not very prominent
though its sideways up.
Read what research houses have to say about reliance

Reliance(Morgan Stanley)

RESEARCH REPORTS