HINDALCO - BUY FOR SHORT TERM

HINDALCO - A VERY GOOD BUY FOR SHORT TERM :
**
PICK THE DELIVERY FOR 25TH JAN 2010 AND
THERE IS GOOD POSSIBLITY OF BIG UP MOVE.
**
BUY ABOVE 164/- AND STOPLOSS IS BELOW 155/-
ON CLOSING BASIS. STRONG UPMOVE WILL START
ABOVE 172/- ON CLOSING BASIS.
**
STRONG PRICES OF THE COMMODITIES MANUFCATURED
BY THE CO. IS THE GOOD INDICATION FOR UPMOVE
ABOVE 180/-. NOTHING TO LOOSE AT THIS PRICE
IN SHORTTERM.
**
HAPPY TRADING.

Inside Story

The Bull-to-Bear ratio is running at almost 5-to-1 in favor of the Bulls. This moves the Investor Sentiment up from [ + 1 ] last week to [ + 3 ] this week. It is interesting to note that the Composite Index of the CrossOver Oscillator has moved above the Short Sell Index (see far right side of the Oscillator chart, below). This could be an early indication that a correction event is building. The market has become slightly overbought; a condition that often precedes a market correction.

** Turner Trends our source .

Oil Prices

Oil prices look choppy between now and February 9, at which time our forecast model shows crude oil will trend substantially lower into the middle of March.


*** source Turner Trends.

Forecast for NASDAQ

The NASDAQ, looks to move nicely up, peaking at the end of this month. Then, after a month of a very narrow trading range, our tool shows the trend higher into April.

Forecast for S and P

Forecast for the S&P 500 shows it to top out on or about January 21, with a slight drop in trend until the 27th. Then, the market is forecast to trend higher, with some fairly serious down days, until February 16, at which time, our tool shows a hard down trend that lasts at least until April.