Market Analysis - Technical View

WHICH SECTOR TO REBOUND AFTER THIS CRASH

Posted by : aahoo

We have seen enough bearish grip and should get ready for a bull run here after. Normally after every crash market will rebound with vigor. Now we must be ready to earn money by taking short term call. Normally the most hammered counter has a very bright chance. Metals are the most hammered counter. But I see there is no chance for this counter to rally. It looks weak even after the crash. Power sector are the ones which are trading range bound. There may not be any hope for immense gain in ST. Banking counters are looking solid and I do not know why. May be it is a good call for decent gain ST. PNB, UCO. SBI are looking strong and one can take position for decent gain. Oil marketing and refinery sectors are the other sector which may prove multi bagger under crude oil bearishness. I consider Gail, Petronet LNG, MRPL. Chennai Perto, and Bongaigon excellent picks. Apart from that there may be some stock specific rally like Bajaj holding, Bombay Deying, Mahendra Gesco and some telecom stocks like MTNL and TATATELE Services.

Dear boarders please include your picks for short time gain in this thread. Please only long no shorts.

With regards

aahoo

Trap for the Bears ready....Beware of the Friday\'s Trap...

Posted by : truecharts

Hi Gunamji,

Looks like its very very likely to breach 3800 and fall beyond. I Would even contemplate being 100% on cash. Just as a fellow boarder had dreamt even breach of 3600 very soon looks quite likely.

TC

HELP HELP HELP !!!!!!!!!!!!!!!!!!!!!!!!!!

Posted by : mohanji

Dear Rudra ,
Thanks for your concern.Actually in present market conditions, I couldn`t gather courage to take any position but do keep in touch and advice me for any good position to be taken now in next few days,i will be obliged.wish you best of journey and regards.

EWT Alert: Bounce Back on card

Posted by : sam_pd

its not only fire sale in stocks but also in sebi policy. sebi removes ODI restrictions. same ODI restriction related polciy was responsible for lower circuit on sensex and 2000+ point of swing in a single trading session.

ye paisa bolta hai
ye paisa bolta hai

EWT Alert: Bounce Back on card

Posted by : sam_pd

big fire sale has happened today and picked some fire sale goodies/scraps.

HELP HELP HELP !!!!!!!!!!!!!!!!!!!!!!!!!!

Posted by : rudra_sinha

Mohanji,

I am travelling this whole week and on board a train right now. Just logged in to say, if anybody has 3900 straddle, book profit in the PUT and keep the CALL. I am bullish in market now.

Thanks,
Rudra

HELP HELP HELP !!!!!!!!!!!!!!!!!!!!!!!!!!

Posted by : rudra_sinha

Dear winwath,

Looks like my view about heavy downfall came true today itself.

However, now I am with you about the bounce. I am expecting 4000 now by next week. Lets see.

Thanks,
Rudra

HELP HELP HELP !!!!!!!!!!!!!!!!!!!!!!!!!!

Posted by : winwath

Hi Rudra,

Nifty is under all its avgs - including its one day EMA which is 3818 compared to Nifty close of 3818.30.

These are March, April 2007 levels. Should act as strong support - and hold for the time being.

If the support breaks - If we close below 3600 - on a weekly basis - the next stop is June 2006 levels - 3K area.

If we head up and clear the 4200 area - then the correction is over and our bull market resumes. Given the fundiez of the market - dont think this is likely in the near future.

We will see a bounce - perhaps up to 4066 area. The probability is high as all - ALL indicators are in over sold territory - so a bounce is due.

Big picture - IF within 8 weeks - we manage to close above 4530 with decisive volume - then the next target is 5228.

A few things still need to fall in place to set up a big trade - either for the fall or for the rise.

These are solely my views - and I am not a certified Financial planner or stock broker. Please bet with you head - not with your heart.

HELP HELP HELP !!!!!!!!!!!!!!!!!!!!!!!!!!

Posted by : mohanji

Dear Rudra,
You hv suggested 3900 straddle for those who are not comfortable with charts.I am trying to understand the relation between pace of straddle and nifty.unde present level of nifty ,is 3900 straddle bullish in nature or otherwise?...I mean what is the nature of this straddle?....at what level of nifty it will be profitable ?Regards

EWT Alert: Bounce Back on card

Posted by : sam_pd

I was expecting a bounce before new low is made on nifty but it didn't happened. i was expecting a bounce back before 3824 is hit but new low is made on nifty and that has opened another impulsive wave. new target on nifty is not good and it gives a level below 3200(in range of 3113).details of ewt chart is on my blog.

as $700 billion bailout got denied,who knows deal is over or they will meet again. I hope that today a big fire sale happens and pick some more fire sale goodies or scraps.

NIFTY LAST LEG

Posted by : tring

No body now what is the length of Last leg of downtrend of Nifty

Short selling ban

Posted by : Guest

Don`t you think SEBI must keep ban on short selling method which was introduced few months ago (around feb. or march 2008)?

As it is one of the most important factor for market crash........Even U.S. all banned short selling which can show pull back rally in short term...

According to me it`s must for Indian Share Market to save the retail investors investment in the market....

HELP HELP HELP !!!!!!!!!!!!!!!!!!!!!!!!!!

Posted by : mohanji

Dear Aru,
thanks for clarification.So I think trick of the trade is to choose strike price near nifty level to expect some profit. Am I right?...If yes then I think it should be just below nifty level if sentiments are bearish ..right?regards