Cues negative, world down a tad, iip expected to come in lower

Key question: Can we hold the supports with the weak cues?
hourly charts might top out below 2870 ish
below that 2830/2800/2770/2700
We really need to hold 2830 to keep the breakout/momentum intact on the short term charts.

Bears are gonna have a field day today with all the negatives.
What I want to see is whether we can rally post the weak IIP
if we can then we have a good chance of going higher until then ultra short term looking to short.

Also keep an eye on REL to see if it can clear 626 that will be a sign of things to come
triangle or abc.

Nifty chart analysis

3 charts for nifty dec series.
Invhns type of move forming for bulls
for bears maybe a triangle and they'll keep trying to short on the way up finding every level/resistance as an excuse.

My view? 3260+ likely
HSI did it
dow almost doing it.

And guess which stock is leading the rally in nifty??
REL...
much closer to old high 626 cmp 606 ish.

Power sector remains my favorite sector, fundamental reasons.
So for anyone who says technicals precede fundamentals. Think again.

Rel was damn 'weak' at 360-400 (relative to nifty)
now its 'strong'.




I need to find some kind of economic calendar for India so I can be prepared ahead of time for the major data releases.
If anyone has an idea, leave a link.

For the u.s there are lots of sites with good coverage.
Need something similar for India.
I wonder why cnbc tv 18/moneycontrol don't have any organized section
they added the indiaearnings site which is a good step. They should also add something along the lines of an economic calendar.