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Market Outlook - Short Term
Tracked by: 143 Boarders
Hi lovemeall,
On Nifty weekly charts, we still have not fallen below the previous bottom. If we close the coming week higher, then we would have made a higher top on the long term trend chart. Also previous high was 3000 so if we close the week above that or next week above that we would have made a higher top as well. Does this signify the bear market bottom is in place?
Note: I am using end of week (EOW) values only...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
lovemeall26
Hello BSR,
Long time no write ?.Let me butt in. Do not underestimate the power of short covering. No doubts, 2865 is strong resistance, but once above it, we may see 3050 too. Please do not short right now. Btw, my homepage has been updated for monday. take care
lovemeall26 
Tracked by: 0 Boarder
very very true. . .
Cheers...
In reply to:
NSE Traded value - FII : 30% Local : 70%
Posted by : sp.palo
Dear alok,
Compare Indian economy with other economies and you will find that we are in a better position.
regards
shakti
Tracked by: 143 Boarders
bhel,sbi,axis,icici(believe me or not) bharti, ril and infosys.. hindalco and suzlon remain contrarian buys.. can give handsome returns.. hindustan zinc too has to watched carefully...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
MBMSR
you r quite right, but can u suggest which nifty stocks will take nifty to those levels of 2900+
Tracked by: 0 Boarder
Dear alok,
Compare Indian economy with other economies and you will find that we are in a better position.
regards
shakti...
In reply to:
NSE Traded value - FII : 30% Local : 70%
Posted by :
alokvarshney52
Local investors were responsible also when sensex was reaching new highs everyday. It is the madness of local invetors again when it is sinking at a rapid pace. I understand that indian economy will slow down a bit but not that much that we leave investing for years and go to Himalayas.
Tracked by: 143 Boarders
get everything soerted out soon gaba,
we miss you here... your input is invaluable..as is your friendship
Rittu...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : JAGDISH GABA
nightowl,
hi,im very much here n clearing my back log of family n some property matters n also busy with my society work in mumbai.
nevertheless,i didnt post a message to you for which you need to ask me "whats this gaba bhai"however i do miss lots of misses n mrs.
hahaha.
really sorry to be away from co of some good boarders for the time being but there are certain responssibilities n tensions which cant be stated here
definitely not of finances since i am a contented person
thanks for remembering me.see u soon-gaba
Tracked by: 143 Boarders
Dear lovemeall,
Good Evening. Keep your good work going.
You are suffering from TA ( Trade Addiction ). TA is really interesting and infectious. What trend oscillators you believe in and do you work on candle stick patterns ?
regards
shakti...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : lovemeall26
Hello pradesh,
Thanks for noticing my writting. Yes I indeed took a lot of pains to master the art of TA. Still, everyday, I have to keep on sharpening my TA skills, coz the situation and patterns on the charts too change on a daily basis. Its interesting but very time consuming. Luckily, I stay online for 10 hours everyday, otherwise it would not be possible to do what I am doing. Have a great weekend too.
take care
lovemeall26
Tracked by: 0 Boarder
Local investors were responsible also when sensex was reaching new highs everyday. It is the madness of local invetors again when it is sinking at a rapid pace. I understand that indian economy will slow down a bit but not that much that we leave investing for years and go to Himalayas....
In reply to:
NSE Traded value - FII : 30% Local : 70%
Posted by : Guest
Nah, that shoots down the pet theory of blaming the other foreign guy. I doubt you will find takers in this forum dominated by broker types hustling for more business from the lurkers and readers.
Tracked by: 143 Boarders
Hello BSR,
Long time no write ?.Let me butt in. Do not underestimate the power of short covering. No doubts, 2865 is strong resistance, but once above it, we may see 3050 too. Please do not short right now. Btw, my homepage has been updated for monday. take care
lovemeall26...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : BullSheetRules
Looking at the kind of SELLing getting picked up by those FIIs, expect this SUCKer rally to fizzle out before 2900 as in my BS opinion, 2900 has been kept as UPSIDE by those BIG PLAyers.
Gud luk & happy investing! :)
Tracked by: 143 Boarders
FII may not sell now and wait for dollar to weaken a little bit ,but on the contrary the possible collapse of CITIBANK is making entire investor community more nervous and the selling may continue .....
it seems to me that monday closing may be below 2700 only ,despite sensex surging at some point of time during the trade.
GANDABACCHA...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : raj_tibs
BSR,
BTW whats wrong with buying if the rally can go up 3240. Its a decent return from current levels. And its needed to sell... selling now will mean a new low too soon.. And I do not think FIIs are going to return with fresh money ay time soon, so they need to buy now to continue selling at current/slightly higher prices).
Regards
Tracked by: 143 Boarders
Hello pradesh,
Thanks for noticing my writting. Yes I indeed took a lot of pains to master the art of TA. Still, everyday, I have to keep on sharpening my TA skills, coz the situation and patterns on the charts too change on a daily basis. Its interesting but very time consuming. Luckily, I stay online for 10 hours everyday, otherwise it would not be possible to do what I am doing. Have a great weekend too.
take care
lovemeall26...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : pradesh
Dear lovemeall
Read your todays post.
You are quite precise in your writing. I like THAT. ( caps to indicate emphasis)
I elsewhere read about the pains you took to master the art of TA. It reveals why you are so accurate.
Have a good weekend.
Tracked by: 143 Boarders
BSR,
BTW whats wrong with buying if the rally can go up 3240. Its a decent return from current levels. And its needed to sell... selling now will mean a new low too soon.. And I do not think FIIs are going to return with fresh money ay time soon, so they need to buy now to continue selling at current/slightly higher prices).
Regards
...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : BullSheetRules
Dear raj_tibs,
Even those FIIs would be SURPRISED to see or note if those FIIs turn net BUYers on MONDAY when those FIIs know that UPSIDE is capped at 3240 for all practical purposes! :) :)
Let us see what happens... Apart from DOW, no other market has made any new lows... In my BS opinion, now is the time for other markets to touch new lows via DOW futures acting as proxy! DOW has not touched 7300 yet leaving ample scope for DOWNWARD journey!
Let us see!
Gud luk & happy investing! :)
Tracked by: 143 Boarders
Dear lovemeall
Read your todays post.
You are quite precise in your writing. I like THAT. ( caps to indicate emphasis)
I elsewhere read about the pains you took to master the art of TA. It reveals why you are so accurate.
Have a good weekend....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : lovemeall26
Hello sbhandarkar1,
Thanks for appreciating my nifty levels. Yes I am proud that my levels are hitting bulls eye on a day to day basis. Yes I am a full time day trader who sits continously at the Live screen without fail throughout the session. No lunch in between too. Same routine since more than a year and a half. Have become habituated now. It gives me a high to trade everyday, but my wife thinks I have become obsessed with the stock markets as most of my general talks also revolve around the stock markets and my folks at home get bored of me. I feel , one needs to get totally overpowered by the markets. One must get into the groove and eat, think, sleep and talk stocks to keep oneself one step ahead of the rest. You may call it obsession, but I call it my passion. Yes I want to be a highly successful trader, a dream which many here on the boards dream too. Hence, I want to help those small investors too who want to gain from here.
For monday,please see my homepage today in the evening as I will be updating it then, which will give you a fine idea of the direction to take to trade. When I write things are in oversold zones, cover your shorts and take longs and similarly when I say, we are in overbought zones, cover your longs and prepare to short. To see, where we are right now and everyday, visit me in the evening, take care
lovemeall26
Tracked by: 0 Boarder
Udayan Mukherjee said the direction of the Indian market rests on what global markets have put in over the next couple of days." If the US markets have a good run for the next two days then this rally may extend a bit more. But whether this rally will extend beyond 3,000 Nifty is still uncertain." ...
Tracked by: 143 Boarders
Just for info
--
ALAN KEYES SUING TO PROVE OBAMA`S CITIZENSHIP: President-elect`s former Illinois rival files suit in Sacramento.
(November 20, 2008)
*Alan Keyes, a former presidential candidate, has joined members of his American Independent Party in filing a lawsuit in California that calls for President-elect Barack Obama to prove his U.S. citizenship before receiving the state`s electoral votes.
According to the lawsuit filed in California Superior Court in Sacramento, Keys and members of his party are calling on Obama to provide documentary evidence that proves he is a natural born citizen of the United States.
The Obama campaign countered similar accusations early in 2008 by posting Obama`s certification of live birth, and saying: `Barack Obama was born in the state of Hawaii in 1961, a native citizen of the United States of America.` A copy of this document is available on the Obama Web site in the `Fight the Smears` section.
Keyes ran against Obama as a Republican for the U.S. Senate seat in Illinois in 2004. Obama won that election to serve his first and only term in the U.S. Senate.
...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : BullSheetRules
Just for info: Add to that, there is still no clarity on Obama Citizenship..
--
Obama Citizenship Case to be heard by the US Supreme court on the 5th od December
Posted by africanpress on November 20, 2008
--
Gud luk & happy investing! :)
Dear coolboy,
You had been given right advice. Book profit in
Nifty call options as soon as Nifty approaches 2770
on Monday or Tuesday and then book profit in Nifty
Put Options when it falls from the resistace of 2795
or so to the level below 2500, I think.
Your bread seems to be buttered on both sides. Pl.
refer to my booklet GOLDPOT frequnetly. It is better
to keep its hard copy with you when you are not near
your computer. It will help.
Best of luck
SURESH MITTAL...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : coolboy007
Lovemell sir ,
Sir i took a position on friday.
2 lot 2900 ce arnd 117
1 lot 2400 pe arnd 104
Seeing ur preliminary analysis -big wave , i think i should be in profit soon. Thanks a lot sir. Now am done with me exams this week and enjoying this weekend fully.
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