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Market Outlook - Short Term
Tracked by: 109 Boarders
Dear sp.palo,
You may be right. But there is no such guarantee.
Past such corrections indicate 54-56% crash down from
the peak which in this case is 6012 reached on 01
November 2007 not 6357 reached on 08 January. This
gives a figure of about 2736. If we multiply the value
gained in last minor upwave from (3715 to 4001)= 286
with Fibonacci number 4.5 x 286 = 1287. Just substract
this value from its peak which gives us SUPPORT at
4001-1287= 2714. May be actual support is somewhere
in the range of 2700-2750 range.
But this is theoretical calculation, Actual value will
depend on the movement of dow....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
sp.palo
Dear HLN,
Nifty may not ( rather will not ) go below 3000.
regards
shakti 
Tracked by: 1 Boarder
Dear Mr.Prashant ptp,
Even today the signals are not good for a positive trading in Indian Markets. This is only my personal view as I just returned from the brokers shell, where not a much noise was made.
Dow falls 508 as panic takes over Wall Street
The Dow tumbles more than 5% in part because of Fed boss Bernanke`s gloomy economic outlook and continuing stress on financial companies.
The Nasdaq loses more than 100 points, and the S&P 500 drops below 1,000 for the first time since 2003.
Stocks fell to their lowest levels in five years today as fears grew about the global banking system`s ability to survive the worst credit crunch since at least World War II.
The Dow Jones industrials fell 508 points, or 5.1%, to 9,447. The Nasdaq Composite Index fell 108 points, or 5.8%, to 1,755, and the Standard & Poor`s 500 Index was off 61 points, or 5.7%, to 996.
Today`s close was the Dow`s lowest since Oct. 2, 2003; it`s down about one-third since peaking a year ago.
The Nasdaq`s close was its worst since August 18, 2003, and the S&P`s decline was its worst -- and its first close under 1,000 -- since Sept. 30, 2003.
Take your own cue for todays trading. I am a student of actuary. Retired from LIC of India ten years back, residing in USA. As on date the politics do not take the economics into account for placing it to the public`s attention. But the foreclosure action taken by some banks speedily has sent waves of resentent.Fed action is not appreciated by the public as one or two in a street is thrown out of job and the cires of the family is widely heard. Only the auditor general of America is a topic for little discussion when some in the brokers premises are interested to exchange comments. I shall try to post the excerpts. This borad nor the board members are widely interested to talk. The need for incresed deposit insurance cover for bank deposits are felt very much, as many feel that the Govt. will take care. If that is the fact why they offer one lac limit of deposit insurance cover for bank deposits. For the next three days , people will be busy with something else religiously. Perhaps, I can wish to see the ray of hope on Monday next.
v.krishnamoorthy
Here in US things will be as it is. It took ten days for the Anxiety index to cross Atlantic. As there are very small countries in europe, there is no concerted action to save UK- pounds or EURO.
v.krishnamoorthy...
In reply to:
No one is too big not to fall
Posted by :
prashant_p1p
Hello Mr.V.Krishnamoorthy,
1st of all Thanx alot to provide us good info related US Econo. n the Big Banks Fall, I juzz thinking is this the end of World Leader Us? at current situation, how much worlds money they r carrying?? is till there elections finish n wats the surety new Govt would solve all Economical Issues heading up?? Hence we r watching, before pass out Bail out package Dow was recovering, or can say trying to recover, but the most impo thing have u seen, after pass out this package Dow n NASDAQ r juzz running back, fast, Y?? What does it mean?? Is Govt approved the Economic Fall of United Stets Of America, isn`t any false or artificially created thing, its really happening here, so Dear investors of The Great US u can run away frm markets...!! Have u seen the everyday falls above 300 points of Dow??
N most impo thing is here Y This Is Happening with US?? Some major reasons r (all r as my study, kindly note it),
US`s Major Profit making Weapon Shopping Center is not getting customers??
Y no Customers?? Coz Citizens r panic,At WTC there was almost everyone`s someone was got killed (based on Population Density of US) they dont want mess with Fool n Unliterate ppl belongs to Africa, especially Arabian n Muslim countries, so they r apposing Govt to shut their Business, which is becoming fetal for them? So science 9/11`s matter Govt is become helpless (N finely they loosed their seats.) Now Govt must thinking how to run all Weapons R&D, N what abt the huge investments did before on Big projects?? Who has invested in these Weapon Manufacturing Units?? Obviously Local Big Banks n Govt is the Guarantor, So paying money them back.
US Citizen is not willing to pay Taxes?? No they will pay happily, but if Govt will not make new enemies,
N wats the Employment data shows?? The figure`s r increasing?? Y if the young generation is not willing to do any kind of work, they only wants to enjoy how it`ll decrease??
Worldwide everything was fine, everyone is doing his work (Everyone was getting work) who wants to get frustrate n wants to buy weapons??
So there is nothing happened in world, there is no major earthquake, no tsunami, no world war, what does it shows, when all world is running well US falls??
Sir, I`m not good in economics but Do u really think, after elections of US the situation will be fine?? N how much every Investor (expect US) should beleve on US n wait for there repairing work?? Other strong countries couldn`t take chance to be Leader?? We r not that willing n attitude, do u think China wont use this chance to chase others?
Pls reply some of answers
Regards
Prashant
Tracked by: 109 Boarders
Hi Boarders,
Is it CORRECTION or DESTRUCTION ?
Look at the possible melt-down of heavy wieghts with
near term targets against each:
RELIANCE INDT. 1100
BHARATI AIRTEL 550
STATE BANK 1000
DLF 244
TATA STEEL 240
BHEL 980
Best of luck....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : vam_aru
Oh ok..I thought it in different way, anyway if your waiting horizon it will all get recovered...Best of luck...
Tracked by: 109 Boarders
0805
Dear shakti,
The more important question is NOT how far the nifty would go down but when it would start moving up again?If it is three months then we can sit and watch but if it is three years then some action is required immediately.
Good Luck...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : sp.palo
Dear HLN,
Nifty may not ( rather will not ) go below 3000.
regards
shakti
Tracked by: 109 Boarders
Dear HLN,
Look at the Asia indices now, I had a feeling that we will not be having any intermediate rallies but dive down to any level, I think DOW might fall to 7800 if earnings did not provide support there. In that case we will fall to 2500 to 2600 levels......
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : hindlevernet
Dear vam,
Unfortunately there is no firm support at 3350. We tried to
console ourselves that Dow has good support at 10,200 but it
collapsed like house of cards. No big surprise if we crash
down to 2800. There is nothing wrong with Indian Economy. Uncle
Sam is pulling us in deep waters with him, although we are very
strong enogugh to keep afloat.
Tracked by: 109 Boarders
Dear HLN,
Nifty may not ( rather will not ) go below 3000.
regards
shakti...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : hindlevernet
Dear vam,
Unfortunately there is no firm support at 3350. We tried to
console ourselves that Dow has good support at 10,200 but it
collapsed like house of cards. No big surprise if we crash
down to 2800. There is nothing wrong with Indian Economy. Uncle
Sam is pulling us in deep waters with him, although we are very
strong enogugh to keep afloat.
Tracked by: 109 Boarders
Dear vam,
Unfortunately there is no firm support at 3350. We tried to
console ourselves that Dow has good support at 10,200 but it
collapsed like house of cards. No big surprise if we crash
down to 2800. There is nothing wrong with Indian Economy. Uncle
Sam is pulling us in deep waters with him, although we are very
strong enogugh to keep afloat....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : vam_aru
Dear BSR,
Since USA markets DOW finished at 9447, Now we can see the NIFTY at 3100 levels
Today we will fall bay 250 points , to finish at 3350. and then to 3100 , at 3100 levels bottom can be formed... ( earliar i had a view that 3500 is support ) now 3100.....
Tracked by: 109 Boarders
Dear wbbuffett001,
Your ID name does full justice to your stockmarket strategy.
You are among the rare investors who hardly ever lose. Longer
the term, greater is the surety of profit.
I promise to keep on posting my messages here giving long
term turn around points for the market, although exact time
line cannot be given. Analysis of Index values comes accurate
within 1% even in for very long cycles of 10 years and over.
Financial fundamentals and Political situation can delay or
accelarate the targets depending on the type of information
factored in the index values. With fulllest confidence I can
predict 35,500 for DOW JONES which is reeling under sub 10,000
values now. Fincancial fundamentals may accelrate the target
of 35,500 to as early as 2016 or as late as 2025. In depth
study of the past 100 years of Dow enables me to see so clearly
in future.
But there are guys here who even went to extent that I am
BEATING DRUM OF 3600 for the last one year. I would like to tell
them, they are financiall dumb who could not listen to loud
sound of the drum, no wonder they are bleeding now. Those who
did pay attention to my voice and wieghed my arguements in light
of reason, are safe and stil sitting on pile of money.
Never ingore the VOICE OF DISSENT.
Best of Luck...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
wbuffett001
Dear HLN,
This is my first post to you ever.
I have read many of your posts so far.What you have predicted so many months back has come exactly true today. You definitely deserve utmost praise for this prediction.Please accept my heartfelt congratulations. I can say you know your TA and EWT theory quite well.I suggest you to predict only indices levels in future with very very broad time indications ( + or - three to six months )and not commit on the exact time frame which is most difficult to predict as everyone knows.However even this cannot deflect anything away from the credit you richly deserve. I always feel we have to give credit where it is due and between you & Kalidas , MMB has been served well in the last one year.
Coming to the future , please keep up the good work and give us your broad view on when you expect the U turn in the markets.
Personally I have been investing continously since Oct / Nov 2007 and continue to buy even now. By nature and reasoning , I am a very LT investor who normally holds shares for 3 + years at the minimum.
To be frank I have managed to get a tremendous CAGR in the last ten years ( way way out of normal expectations) by asset swapping across asset classes and sectoral rotations inside the stock markets , long term front running in FII investible sectors.Even as a LT investor , I feel that picking shares at lower index levels can be definitely helpful as this will increase the volume of purchase as well giving a better of margin of safety in price.
I still believe sensex 22000 levels are possible in second half of 2009 and even started a thread to that effect sometime back.Your take will be useful.
regards,
wbuffett001
Tracked by: 109 Boarders
Hi Greedy one,
If something can go wrong, it will go wrong.
Unfortunately we may see 2800 for Nifty and
9000 for Sensex. I am trying to refine the
exact values using my never fail EWT principle.
Meanwhile, you may like to short sell at every
rally and cover shorts at every little support....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : greedy_one
Now WILL NIFTY HIT 330 AND SENSEX TOUCH 10500?
Tracked by: 0 Boarder
Everyday the English medias are seen barking on NARENDRA MODY.but they do not want to see what modi has done in other sectors like power, rural development.He is less communal then mulaymji and one and only Amarsingh.The NANO project is a jolt to the anti modi lobby particularly english media and so called NGO(WHO TALK ABT POOR IN BROAD DAYLIGHT AND DRINK IMPORTED WHISKY AFTER THE SUNSET)...
In reply to:
Global events, earnings key triggers in near-term: DSP ML
Posted by : MMB Messenger
Jyotivardhan Jaipuria, Head of Research, DSP Merrill Lynch feels that the global events and earnings season are the key triggers in the near-term. Commenting on RBI’s move on CRR cut he said that it is partly influenced by a spate of global monetary loosening.
Tracked by: 109 Boarders
Hi vtycoon,
You are talking of Nifty at 3600, this level may be left
behind today. Next major level for Nifty is 2800 which is
Sensex equivalent of 9000. This is not impossible.
There is age old saying; In bad times, if worst can happen,
it will happen. The month of October is notorious for stock
market crashes anyway.
Short sell at every rally and cover shorts at every little
support if any.
Good Luck....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : vtycoon
all guys n dupes hre..
listen
NIFTY HIT 3600 & SENSEX TOUCH 12000 i will shave my BALD k...if u think dat NIFTY HIT 3600 & SENSEX TOUCH 12000 den u guys sux...btta leave share market..u have no right 2 stay hre..
other indices r on dre 1 year low n india is outperformin its peer + uS MARkets...n again nifty will go 2 15000...n if it starts fallin frm dat level it ont touch NIFTY HIT 3600 & SENSEX TOUCH 12000 .dis k,...so guys i sugest u betta don reply dese DUpe msg's n njoy..
JAI HINd !
Tracked by: 0 Boarder
As govt not showing any interest in stock market matters at the moment,the nse index nifty is struggling at 3600 and may face strong resistance on the back drop of global turmoil....
Investors of india is in deep troubles and might have not faced this type of situation ever before....
Specail thanks to FM/PM for not taking proper measures/decisions in protecting investors wealth.... if they are unable to solve the problems of investors in these difficult times,the should have not behaved like bull operators in the previous years.... they talked too much about indian stories&stock market and now simply hiding behind the screens.......
Tracked by: 109 Boarders
0804
vkk ji
Best wishes on this Durga Pooja day
May wisdom prevail everywhere
Regds,...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : vkk43
Thanks for clearing my doubts. Here u r quite right as to why anyone should write a msg in total anguish and desperation, as from such msgs nobody gets anything, on the contrary, it rather disturbs the boarders. Thanks once again.
Tracked by: 109 Boarders
0803
Dear vam,
Infosys results most likely would be good
But this may not have a say on the current scenario
Regards,
...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : vam_aru
Dear Googol,
Infosys will beat the rupee targets , but fall short by Dollar revenue targets, If they can meet their Dollar revenue target this time that will signal a small Bull run up to 3900, ( this 3900 I have considered that we will go dwon to 3300 till friday ), and if they don`t god knows where is the bottom for nifty.
Tracked by: 0 Boarder
adding further to the down side ,dow ended 508 pts down!!!!!!! the crisis is getting more n more worse as we are moving ahead! its time for us to check in and understand what it means! this may be some more worse downside! this is a part of it as we may hav series of bad news droppng in fundamentally which will lead to bottominf of market technically! but sure no time to buy as its not the end of the worse which is happening!!!!!!!!!...
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