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Market Outlook - Short Term
Tracked by: 0 Boarder
Our FM cancelled his trip to attend the meet on Friday. Rbi governor spoke on his behalf. His remarks is given below as reported in the press here in US Sunday morning.
...
Tracked by: 110 Boarders
hahahah...lol....its possible....only if momentum traders get back to work......lol ...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
novice1000
dear pkjatt,
Dont be that innocent.
A stagnant economy(even if it comes out of recession) like US markets develop at very slow pace.Dow reaching levels of 21000 two years from now is virtually impossible.
regards
Tracked by: 110 Boarders
dear pkjatt,
Dont be that innocent.
A stagnant economy(even if it comes out of recession) like US markets develop at very slow pace.Dow reaching levels of 21000 two years from now is virtually impossible.
regards
...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : pkjattking
Anyways that what happen in june 2006 in sensex is exactly what is going on on Dow......today..... It will b interesting to see if history repete itself.,..... which means Dow at 21000 two years from now....
Tracked by: 110 Boarders
dear snvaish,
Fully agree with what you said about the revival of bull market.
regards...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : snvaish
Now one thing keep in mind before considering double or triple bottom. the economic conditions in June 06 were diffrent and now those conditions are diffrent.(1) then subprime crices was not there, that time fall was only due to profit booking, now sub prime crices is there.(2) then sensex was above 200 day moving average and now it is bellow 200 day moving average. (3) then fall was in bull market now fall is in bear market.
hence keeping expectation of revival of market in that style ( 2006) will be only day dreaming. this time fall is destroying economy of many contries, many bulls ( FIis ) are becoming bancrupt.
Hence Unless sensex is not start trading above 200 day moving average, shorting at each bounce will be the only best style of trading. for comming above the sensex above 200 day moving average it may take still atleast one year.
Tracked by: 110 Boarders
yes you are rite .. I missed it ... no problem.... looks like very volatile month back than.......
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : novice1000
dear pkjatt,
I am pasting the information from your post.
--------------------------------------------------------
14-Jun-06 9,156.97 9,387.06 8,799.01 8,929.44 27,400.
--------------------------------------------------------
Anyways i dint get that information from any place.The blood bath on June 13, 2006 is still afresh in mind and i remember the figures very well and the data in your own post supports what i said.
regards
Tracked by: 110 Boarders
Anyways that what happen in june 2006 in sensex is exactly what is going on on Dow......today..... It will b interesting to see if history repete itself.,..... which means Dow at 21000 two years from now.......
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : novice1000
dear pkjatt,
Sensex reached levels of 8900 in june 2006.
Anyways remember the below mentioned things
1)About those duble bottoms.. those support levels work in normal markets but not in this kind of markets.
2)Whether sensex goes below 9000 or not doesnt make any difference and markets wont go for a bull run either in 2008 or 2009.
Just expect some technical bounces before it touching the new lows.After touching those new lows, it will move up by 1000 to 1500 points and then form a base there which will be followed by good amount of consolidation.
regards
Tracked by: 110 Boarders
dear pkjatt,
I am pasting the information from your post.
--------------------------------------------------------
14-Jun-06 9,156.97 9,387.06 8,799.01 8,929.44 27,400.
--------------------------------------------------------
Anyways i dint get that information from any place.The blood bath on June 13, 2006 is still afresh in mind and i remember the figures very well and the data in your own post supports what i said.
regards...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : pkjattking
No it did not I don`t know from where you getting this information........
BSE SENSEX
(INDEXBOM:.BSESN) - Daily | Weekly
-
Date Open High Low Close Volume
30-Jun-06 10,316.12 10,626.84 10,316.12 10,609.25 30,600
29-Jun-06 10,193.94 10,326.05 10,109.56 10,162.16 20,200
28-Jun-06 10,067.55 10,204.66 9,909.76 10,129.70 26,000
27-Jun-06 10,058.29 10,224.26 9,902.33 10,151.01 31,400
26-Jun-06 10,427.85 10,451.47 9,991.12 10,042.06 21,800
23-Jun-06 10,201.31 10,453.61 10,025.19 10,401.30 22,600
22-Jun-06 10,093.38 10,362.74 10,093.38 10,275.88 22,400
21-Jun-06 9,797.87 10,054.05 9,757.54 10,040.14 24,800
20-Jun-06 9,958.33 9,958.33 9,745.17 9,822.52 22,400
19-Jun-06 9,903.11 10,049.94 9,755.21 9,997.84 20,800
16-Jun-06 9,703.06 10,118.28 9,703.06 9,884.51 33,400
15-Jun-06 9,133.36 9,582.97 9,092.16 9,545.06 26,200
14-Jun-06 9,156.97 9,387.06 8,799.01 8,929.44 27,400
13-Jun-06 9,360.06 9,360.06 8,993.58 9,062.65 28,000
12-Jun-06 9,858.47 9,859.38 9,428.03 9,476.15 20,400
9-Jun-06 9,270.78 9,849.20 9,262.20 9,810.46 29,400
8-Jun-06 9,664.90 9,664.90 9,200.80 9,295.81 36,800
7-Jun-06 9,919.28 10,051.81 9,609.21 9,756.76 27,000
6-Jun-06 10,087.96 10,192.73 9,884.89 9,957.32 26,200
5-Jun-06 10,537.08 10,552.38 10,186.33 10,213.48 19,200
2-Jun-06 10,104.57 10,477.35 10,011.45 10,451.33 28,400
1-Jun-06 10,472.46 10,597.23 10,017.82 10,071.42 24,200
Tracked by: 2 Boarders
venusind2k, nice message.....
In reply to:
Has your confidence in equities been shattered?
Posted by :
venusind2k
The confirmation of a fullblown Bear market always comes with unfolding of Scams built on the Bull(shit) gas baloon, which leads to panic and gloom. This time around thank George Bush that all the Iraqi Oil did not help keep this gas down. Confidence is only the tip of the iceberg of calamity. Now the enterprising retirees and Jobless educated middle aged investors will be staring at the erosion of life time savings , thinning away. Great Politicians and bureaucrats will proclaim that the these `investors constitute miniscule percent of 1 % . When the old crop withers away, new crop will come when a new spring arrives. But the Politician and bureaucrats will continue to ride on the sheep of investors. Never mind the Bulls and Bears dont taste the sheep. The old investors is dead and gone with thi slump. Dont think the wise man who saved hios money in FD is happy. he is now worried , thanks to promises of high and mighty, his money is safe. insha alla! One who buys Gold now will regret by February snce the raise of Gold over Oil only for making it difficult for festive Season buyers will also slump with the comclusion of the Festivities. REAL Estate is now Real. But who buys when the job is not there? So it is now Bear markety Diwali Moorat time. Let us still buy where the confidence is , however little money that is left after food. Get back to debt free , conservative companies. If Amabanis take Rs 50 cr plus as annual salaries and dont deliver promises, there is still people like Mehra of Savita Chemicals or Parekh of Pidilite or Ashwin Choksi of asian Paints, who deliver all the time better ethicak resulst. IF ICICI merrily paid out very high pay out to Top manangement, there is still Kuppusami of KVB who takes little but generous tp shareholders and emoployees. There is of course, Anant Talaulicar of cummins who doesnt draw salary fropm Cummins but performs with social conscience. Not to be left behind Infosys is still a trust of public like Tata group, even if buried in desert sands now. So watch out investors who still have some thing to invest.
Tracked by: 2 Boarders
Market will now good for investment even though some downtrend expected in near term. Medium and Long term investors may enter in the market by picking actively traded scrip at CMP for super gains for next Deepaavali. Greetings for depavali for one and all....
In reply to:
Has your confidence in equities been shattered?
Posted by : MMB Messenger
Dear Boarders,Do let us know your views and opinions on the poll.-MMB Messenger
Tracked by: 110 Boarders
dear BSR,
Quote:If Sensex goes below 8800 or Nifty goes below 2600, then ppl should forget about any recovery in Indian STOCK market for a few months until those BS Big PLAYers are over with their BUYing or over with their BS stories! :)
Unquote:believe it or not...except some small technical pull backs, dont expect any rally either in 2008 or 2009.
Sensex may go to levels of 8900 ( depending on the present quarterly numbers and earnings projections for the next 2 quaters).But when ever sensex reaches that level ( i mean what ever the lowest possible level in this bear market whether 8900 or even a lower level), with in 2 days sensex will gain atleast 1000 points.
Quote:That is why, I believe that within 3 months, many stocks should be available at very DIRT Cheap prices. Ppl should do their HOMEWORK before putting any FRESH investments into the market!
Unquote: Exactly... how ever it can happen anywhere in next 6 to 9 months( those dirt cheap levels).
And this is what i have been telling since July 2008 that investors should wait for a better opportunity in the next 12 months or so and i also told this is a trader`s market who can mint money.
Going forward, slowly the trading activity will also comedown.
Next 2 years, it will be bargain hunting for LT investors.
Post 2011, Indian stock markets will witness an explosive growth till 2016 with one major intermediate correction in between.
regards
...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : BullSheetRules
Dear novice1000,
Thank you again for taking time out and providing those valuable inputs. :)
Let us see how GAME pan out going ahead!
Just for info: If Sensex goes below 8800 or Nifty goes below 2600, then ppl should forget about any recovery in Indian STOCK market for a few months until those BS Big PLAYers are over with their BUYing or over with their BS stories! :)
For DOW, 7400 is the equivalent long term support!
If we look at all those 3 indexes, then we are close to LONG Term support for them all.
That is why, I believe that within 3 months, many stocks should be available at very DIRT Cheap prices. Ppl should do their HOMEWORK before putting any FRESH investments into the market!
Gud luk & happy investing! :)
As you predicted we are aproching to 9800 as you anticipated unlike that but as per ur desire we aproching this very fast.What next please throw some light....
In reply to:
Revival or Relief from tomorrow?
Posted by : hembhat
That is nonsense!
Only remember one thing, in stock market the intensity of a fear factor is more than a greed factor. That is why it takes Sensex 2 years to touch 21000 from 12000 but while coming down back to 12000, it takes less time.
Secondly the madness has to reach a level of crescendo. Then only the momentum reverses. What we see now is madness of selling at whatever price. Similarly at 21000 there were too many buyers.
Sensex would correct by 55% from top. So the target is 9800. That is the baseline of 8 years. The momentum will reverse from that stage. I pray it happens early. But I know it would take some more months for that. In this period there will be complete capitualtion of midcaps and small caps. We may see unbelievable prices.
Pl do not trade in this market. You will loose everything. Avoid derivatives, as it would take away your pants too. This is a time for buying on SIP basis till March 09. India will see inflow of funds as its GDP will still be impressive.
Tracked by: 110 Boarders
Now one thing keep in mind before considering double or triple bottom. the economic conditions in June 06 were diffrent and now those conditions are diffrent.(1) then subprime crices was not there, that time fall was only due to profit booking, now sub prime crices is there.(2) then sensex was above 200 day moving average and now it is bellow 200 day moving average. (3) then fall was in bull market now fall is in bear market.
hence keeping expectation of revival of market in that style ( 2006) will be only day dreaming. this time fall is destroying economy of many contries, many bulls ( FIis ) are becoming bancrupt.
Hence Unless sensex is not start trading above 200 day moving average, shorting at each bounce will be the only best style of trading. for comming above the sensex above 200 day moving average it may take still atleast one year.
...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : novice1000
dear pkjatt,
Sensex reached levels of 8900 in june 2006.
Anyways remember the below mentioned things
1)About those duble bottoms.. those support levels work in normal markets but not in this kind of markets.
2)Whether sensex goes below 9000 or not doesnt make any difference and markets wont go for a bull run either in 2008 or 2009.
Just expect some technical bounces before it touching the new lows.After touching those new lows, it will move up by 1000 to 1500 points and then form a base there which will be followed by good amount of consolidation.
regards
Tracked by: 110 Boarders
No it did not I don`t know from where you getting this information........
BSE SENSEX
(INDEXBOM:.BSESN) - Daily | Weekly
-
Date Open High Low Close Volume
30-Jun-06 10,316.12 10,626.84 10,316.12 10,609.25 30,600
29-Jun-06 10,193.94 10,326.05 10,109.56 10,162.16 20,200
28-Jun-06 10,067.55 10,204.66 9,909.76 10,129.70 26,000
27-Jun-06 10,058.29 10,224.26 9,902.33 10,151.01 31,400
26-Jun-06 10,427.85 10,451.47 9,991.12 10,042.06 21,800
23-Jun-06 10,201.31 10,453.61 10,025.19 10,401.30 22,600
22-Jun-06 10,093.38 10,362.74 10,093.38 10,275.88 22,400
21-Jun-06 9,797.87 10,054.05 9,757.54 10,040.14 24,800
20-Jun-06 9,958.33 9,958.33 9,745.17 9,822.52 22,400
19-Jun-06 9,903.11 10,049.94 9,755.21 9,997.84 20,800
16-Jun-06 9,703.06 10,118.28 9,703.06 9,884.51 33,400
15-Jun-06 9,133.36 9,582.97 9,092.16 9,545.06 26,200
14-Jun-06 9,156.97 9,387.06 8,799.01 8,929.44 27,400
13-Jun-06 9,360.06 9,360.06 8,993.58 9,062.65 28,000
12-Jun-06 9,858.47 9,859.38 9,428.03 9,476.15 20,400
9-Jun-06 9,270.78 9,849.20 9,262.20 9,810.46 29,400
8-Jun-06 9,664.90 9,664.90 9,200.80 9,295.81 36,800
7-Jun-06 9,919.28 10,051.81 9,609.21 9,756.76 27,000
6-Jun-06 10,087.96 10,192.73 9,884.89 9,957.32 26,200
5-Jun-06 10,537.08 10,552.38 10,186.33 10,213.48 19,200
2-Jun-06 10,104.57 10,477.35 10,011.45 10,451.33 28,400
1-Jun-06 10,472.46 10,597.23 10,017.82 10,071.42 24,200...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : novice1000
dear pkjatt,
Sensex reached levels of 8900 in june 2006.
Anyways remember the below mentioned things
1)About those duble bottoms.. those support levels work in normal markets but not in this kind of markets.
2)Whether sensex goes below 9000 or not doesnt make any difference and markets wont go for a bull run either in 2008 or 2009.
Just expect some technical bounces before it touching the new lows.After touching those new lows, it will move up by 1000 to 1500 points and then form a base there which will be followed by good amount of consolidation.
regards
Tracked by: 110 Boarders
dear pkjatt,
Sensex reached levels of 8900 in june 2006.
Anyways remember the below mentioned things
1)About those duble bottoms.. those support levels work in normal markets but not in this kind of markets.
2)Whether sensex goes below 9000 or not doesnt make any difference and markets wont go for a bull run either in 2008 or 2009.
Just expect some technical bounces before it touching the new lows.After touching those new lows, it will move up by 1000 to 1500 points and then form a base there which will be followed by good amount of consolidation.
regards
...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : pkjattking
Double bottom for sensex was june 09 ... 2006 when it found support at 9810..... than it retested it on July 26 but did not quit go below 10,000....... if sensex is to form a head n shoulder formation than it would find support at 9800...... and that would still mark.... the next bull phase....... if we go below 9ooo than I don`t know where it will stop.... lets hope not......
Tracked by: 0 Boarder
To me it looks like that in the early trade it will open with a minus of 300 -400 points and Sensex may hit a low of 10,100 level and recover in the last hour of trading, subject to closing in China and trading in Europe. As of now there is nothing concrete globally to arrest falls other than lot of big words of G7 and bail outs. There is no any confidence until now. China is going to correct to 13,000 which means an Indian low of 9,000 for sure. Beyond that 5-6 thousands and may be BSE/NSE can be closed for trading until global situation improves....
In reply to:
Why are GVK Power and Tata Power stocks buzzing?
Posted by : MMB Messenger
GVK Power is trading close to a 52-week low of Rs 17.50. The stock is down 52% in a month. The company is hit by delay in gas production. The commercial production of power will commence from Q4 once RIL starts selling gas.
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