MARUTISUZUKI has crossed the trend line on the daily charts with good volumes.Buy with the stoploss of 900 for the first target of 1009 above which it can zoom till 1050.

Markets are falling and fear is setting in, Investors are worried as to what will happen next. Should we sell and book the losses on what we are holding is the question on everyone’s mind.

No just wait for a few weeks.

From the previous movements of Sensex and Nifty future seen on the charts attached it seems that the bottom is about to be formed.
After creating a new top as per the previous moves at T-2 the bottom B-2 was formed just below the previous top T-1, the bottom B-3 was formed just below the previous top T-2.
So the bottom B-4 should be formed just below the previous top T-3 which can be around 15320 and 14700 for the Sensex and 4570 and 4230 for Nifty fut.
Wait for the bottom to be formed in the coming weeks.
I would advise investors to accumulate stocks from here as the India story is still alive.
Everyone talk of higher tops when the markets are making new highs and so is now everyone talking of new bottoms when the market is going down. Don’t get carried away with the talks on the streets. Be patient and invest in good quality stocks from here on.

Hero Honda

As recommended on 25.02.2008 Hero Honda moves above 750.

On weekly charts Hero Honda is crossed the trend line.

On the monthly chart Hero Honda has crossed the trend line. Now as per monthly chart the resistance is at 786. If breaks can see a good rally.