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Market Analysis - Technical View
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udydudy-But what happens in case there is a depression/recession!!Then Industrial Production will fall and there could be a demand recession!!So let the markets fall and at a given price we could get something to nibble at mouth watering levels!!But really there is no serious hurry to BUY!!CASH IS KING!!...
In reply to:
Capitulation!! Buying Opportunity Galore!!!
Posted by :
udydudy
Chief_Kamani
Roping in FIIs was the best thingthat happened to the Indian markets. The bad thingthat happened (common in every market) was that greed got way into rational thinking at 21000. Rather than get out many got in.
Same way(atleast for people in cash) The FIIs by their stampede mentality(on both sides to & bottom) have brought A group shares to mouth watering levels one should surely buy now at these levels atleast into shares which have single digit PEs and book values.
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Chief_Kamani
Roping in FIIs was the best thingthat happened to the Indian markets. The bad thingthat happened (common in every market) was that greed got way into rational thinking at 21000. Rather than get out many got in.
Same way(atleast for people in cash) The FIIs by their stampede mentality(on both sides to & bottom) have brought A group shares to mouth watering levels one should surely buy now at these levels atleast into shares which have single digit PEs and book values.
...
In reply to:
Capitulation!! Buying Opportunity Galore!!!
Posted by :
chief_kamani
hembhat-I feel that"Fear Complex"is slowly building up!!Lets hope that we are slowly coming to the end of this process!!Lets hope that the Sun will shine brightly tomorrow!!Roping in FII`s seems t be the biggest mistake ever committed!!So when no one(Indians)have money,these opportunusts(FII`s and Hedge Funds)will scoop in to take the bacon home(Quick and Easy Money)!!
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Callahan, Nice message. Regulars in the market know that PSU Banks are being supported by domestic financial institutions. However, Indian Bank and to some extent IOB (which is having branch in Hong Kong also) are said to be being MORE THAN supported not only by domestic financial institutions, but also by some sections. I would not venture to buy Indian Bank (though one of the PSU banks and hene safe) at this price. I would rather wait to see the outcome of the general elections to Lok Sabha and see whether Congress/UPA returns to power and Congress again sits in treasury benches. ...
In reply to:
IS ICICI the biggest loser ???
Posted by : Callahan
Surprising... I decided to check out the biggest losers among financial institutions to figure out who lost the most... I did this between the dates 16/7/2008 and 10/10/2008... The 2 dates assume importance since 16/7/08 is when we hit the previous low...
I did expect ICICI to be in the middle... It sure turned out that way... But what I was not prepared for was the biggest gainers and the biggest losers...
The biggest loser was DCB with a loss of 47.24%... It dropped from 47.95 on 16th July to 25.3 on 10th October... Surely a massive fall... Next came the surprise... IDFC dropped 44.18% !!! ICICI Bank was down from 519.75 to 363.65 a drop of 30.03%!!!
Coming to the best perfomers... One expected a HDFC Bank... Or a HDFC... But here too a surprise awaited me... Indian Bank was the Best Perfomer among all stocks moving from 78.4 to 127.15... A superlative gain of 62.18% !!! The next biggest gainer was Union Bank... with 46.02%... Then after a few non-descript scrips there was BOB with a gain of 31.45%...
PS: Network 18 lost 32.81%... More than ICICI Bank and so did... TV-18... losing 39.46%... A loss bigger than ICICI Bank... Wonder what the CNBC team has to say about it... Visit my blog for further details... Cheers
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Surprising... I decided to check out the biggest losers among financial institutions to figure out who lost the most... I did this between the dates 16/7/2008 and 10/10/2008... The 2 dates assume importance since 16/7/08 is when we hit the previous low...
I did expect ICICI to be in the middle... It sure turned out that way... But what I was not prepared for was the biggest gainers and the biggest losers...
The biggest loser was DCB with a loss of 47.24%... It dropped from 47.95 on 16th July to 25.3 on 10th October... Surely a massive fall... Next came the surprise... IDFC dropped 44.18% !!! ICICI Bank was down from 519.75 to 363.65 a drop of 30.03%!!!
Coming to the best perfomers... One expected a HDFC Bank... Or a HDFC... But here too a surprise awaited me... Indian Bank was the Best Perfomer among all stocks moving from 78.4 to 127.15... A superlative gain of 62.18% !!! The next biggest gainer was Union Bank... with 46.02%... Then after a few non-descript scrips there was BOB with a gain of 31.45%...
PS: Network 18 lost 32.81%... More than ICICI Bank and so did... TV-18... losing 39.46%... A loss bigger than ICICI Bank... Wonder what the CNBC team has to say about it... Visit my blog for further details... Cheers...
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While Canadian banks do borrow on world capital markets and are affected by the general risk aversion in those global markets, said Shenfeld, they "have very high capital ratios (and) are very well capitalized."
For the Canadian economy as a whole, he said, "we`re also waiting for the resolution of much more severe banking problems elsewhere in the world."
This "is not a Canadian story per se," said Cooper. "On a relative basis Canada actually is in good shape. But unfortunately we`re not immune to what`s going on in the rest of the world."
Canada has the strongest banks in the world, she said. "But even so, our bank stocks are falling just like bank stocks everywhere else and falling by quite a considerable amount."
As well, "it`s more difficult to borrow money in Canada now than it has been for many years and that would affect householders and businesses. That will slow economic activity in Canada, in addition to a slowdown coming from reduced exports and plunging commodity prices."
Meanwhile, Statistics Canada reported a record 107,000 jobs were added in September, far above expectations. Almost all the growth - 97,000 jobs - was in part-time work, but there were solid gains in health care and social assistance sectors.
The unemployment rate held steady at 6.1 per cent.
The job growth, said Shenfeld, turned out to be "better than we thought it would be. Gaining 10,000 full-time jobs is not bad for a month`s work."
Most of the world`s stock markets have suffered from a massive selloff this week amid worries about the credit crunch. With markets in bear territory, down about a third in value, sentiment has turned extremely negative.
"Momentum is running against the market and you don`t want to get hit by a train," said Jack Ablin, chief investment officer at Harris Private Bank in New York.
"This is now about market psychology. There`s extreme fear and panic out there."
Right now, said Burleton, "the focus is on the doom and gloom and nobody can PREDICT a BOTTOM to this."
"We may see further bouts of panic before we get to somewhat more stable ground."
...
In reply to:
13 to 17 Oct 08 Last week of Fall
Posted by : sambala
Fear and panic trump good economic news as loonie, markets pounded
TORONTO — Just about every financial and economic indicator in Canada tumbled hard Friday, as ever-deepening uncertainty spread like a red stain through the international marketplace.
The loonie and Canadian markets took historic hammerings as fear of a looming global recession sank oil prices, gold prices and almost every sector of the Toronto stock market, taking the shine off good employment news and new government help for the big banks.
"This is clearly a crisis and it is pervasive," said BMO economist Sherry Cooper.
"There`s no ending of anything that`s happening right now. Things are happening very quickly."
The loonie suffered its biggest drop ever, at one point falling 4.78 cents to 82.50 cents US and sliding under 83 cents for the first time since early 2003. It recovered somewhat to trade down 3.79 cents at 83.49 cents US later in the afternoon.
The currency has dropped nine per cent this week alone and has now fallen almost 28 cents since hitting an all-time peak of 110.3 cents US last November.
Meanwhile, the Toronto Stock Exchange fell about 500 points, dipping for a while below 9,000 for the first time since January 2005. In the United States, the Dow Jones industrials dropped more than 150 points, the index passing below 8,000 points before staging a weak late-day rally.
"Extreme risk aversion" rattled the financial markets despite increased rescue efforts by governments all over the world to calm investors and consumers, said Derek Burleton, a TD Bank economist.
"While... a lot of the government steps that have been taken will eventually contribute to the restoration of some confidence, right now the market is still in panic mode," said Burleton.
"There`s just so much selling going on that it`s feeding on itself and it`s driving more selling. We`re seeing flight out of any kind of what`s perceived to be higher-risk currency and into what`s perceived to be those of lower risk, such as U.S. dollar assets, U.S. dollar government bonds."
The loonie`s descent, however, is good news for battered Canadian manufacturers, who have been hit hard by the currency`s rise in the last two years. But it makes imports of everything from fruit and vegetables to machinery more expensive and will likely cause many Canadians to reconsider vacations to the U.S. southern states this winter.
The Canadian market has been hit hard by a plunge in oil prices, as crude dropped $8.89 to US$77.70.
That drop signalled some good news - further declines in gasoline prices for Canadian consumers - but also raised worries about the impact on the Western Canadian oilpatch.
Major oilsands expansions could be delayed or scaled back if crude prices fall further and companies can`t raise the billions of dollars needed for the projects.
"Oil is mirroring the stock market right now," said Phil Flynn, energy analyst at Alaron Trading Corp. in Chicago. "There`s a total lack of confidence. It`s fear driving more fear."
The slumping currency and oil prices Friday took the shine from other more positive news on the Canadian economy.
In Ottawa, Finance Minister Jim Flaherty announced that Canada Mortgage and Housing Corp. is buying up to $25 billion in mortgage-backed securities from the country`s banks in an effort to pump more credit into the economy.
Shortly afterwards, the big banks cut their prime rates again, good news for people with lines of credit, consumer and car loans and flexible-rate mortgages.
CIBC economist Avery Shenfeld called it "a big step in the right direction for the Canadian banking system."
He said it will help banks that otherwise were facing punitive interest rates in the term debt market.
"It will also help borrowers in Canada that otherwise would face those additional costs being passed on."
CONT.....
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Fear and panic trump good economic news as loonie, markets pounded
TORONTO — Just about every financial and economic indicator in Canada tumbled hard Friday, as ever-deepening uncertainty spread like a red stain through the international marketplace.
The loonie and Canadian markets took historic hammerings as fear of a looming global recession sank oil prices, gold prices and almost every sector of the Toronto stock market, taking the shine off good employment news and new government help for the big banks.
"This is clearly a crisis and it is pervasive," said BMO economist Sherry Cooper.
"There`s no ending of anything that`s happening right now. Things are happening very quickly."
The loonie suffered its biggest drop ever, at one point falling 4.78 cents to 82.50 cents US and sliding under 83 cents for the first time since early 2003. It recovered somewhat to trade down 3.79 cents at 83.49 cents US later in the afternoon.
The currency has dropped nine per cent this week alone and has now fallen almost 28 cents since hitting an all-time peak of 110.3 cents US last November.
Meanwhile, the Toronto Stock Exchange fell about 500 points, dipping for a while below 9,000 for the first time since January 2005. In the United States, the Dow Jones industrials dropped more than 150 points, the index passing below 8,000 points before staging a weak late-day rally.
"Extreme risk aversion" rattled the financial markets despite increased rescue efforts by governments all over the world to calm investors and consumers, said Derek Burleton, a TD Bank economist.
"While... a lot of the government steps that have been taken will eventually contribute to the restoration of some confidence, right now the market is still in panic mode," said Burleton.
"There`s just so much selling going on that it`s feeding on itself and it`s driving more selling. We`re seeing flight out of any kind of what`s perceived to be higher-risk currency and into what`s perceived to be those of lower risk, such as U.S. dollar assets, U.S. dollar government bonds."
The loonie`s descent, however, is good news for battered Canadian manufacturers, who have been hit hard by the currency`s rise in the last two years. But it makes imports of everything from fruit and vegetables to machinery more expensive and will likely cause many Canadians to reconsider vacations to the U.S. southern states this winter.
The Canadian market has been hit hard by a plunge in oil prices, as crude dropped $8.89 to US$77.70.
That drop signalled some good news - further declines in gasoline prices for Canadian consumers - but also raised worries about the impact on the Western Canadian oilpatch.
Major oilsands expansions could be delayed or scaled back if crude prices fall further and companies can`t raise the billions of dollars needed for the projects.
"Oil is mirroring the stock market right now," said Phil Flynn, energy analyst at Alaron Trading Corp. in Chicago. "There`s a total lack of confidence. It`s fear driving more fear."
The slumping currency and oil prices Friday took the shine from other more positive news on the Canadian economy.
In Ottawa, Finance Minister Jim Flaherty announced that Canada Mortgage and Housing Corp. is buying up to $25 billion in mortgage-backed securities from the country`s banks in an effort to pump more credit into the economy.
Shortly afterwards, the big banks cut their prime rates again, good news for people with lines of credit, consumer and car loans and flexible-rate mortgages.
CIBC economist Avery Shenfeld called it "a big step in the right direction for the Canadian banking system."
He said it will help banks that otherwise were facing punitive interest rates in the term debt market.
"It will also help borrowers in Canada that otherwise would face those additional costs being passed on."
CONT.....
...
In reply to:
13 to 17 Oct 08 Last week of Fall
Posted by : amarakbar
Dear Friends,
Since last few messages i have been trying to tel all my readers that SIGNIFICANT bottom is in the making . Sep End message shows 3 weeks to go.
3 Oct message says 2 week to go.
8 Oct message says 5 trading days to go.
now 2 days out of those 5 days are already over and REMAINING 3 days are, 13 Oct to 15 Oct 2008.
Like that song singh is king, this gujju is master of TURNINGS by now.
Grace of God.
Thus my friends, CURRENT DOWNMOVE IN STOCKS WILL END in 13 to 15 OCT 2008 PERIOD.
Some friends will remember when crude wasat 148 usd yours truly had posted that it will not rise anymore from that level, today it is below 100, around 80-90 range.
SELL GOLD which is at 14000 RS for 10 gram level today.
SELL USD which is at 48.5-49INR level today.
SELL REALESTATE which is at alltime high level and has just started to tumble- in my city AHMEDABAD rates - residential property 3200 Rs per sq ft in my area are still same but no buyers anymore at those rates thus stagnant market waiting for downward price adjustments in coming years.
ENCASH YOUR fixed deposit and switch over to STOCKS NOW.
Oct07 to Jan 08 I had written here to encash from stocks and prefer fixed deposit now that trade MUST BE REVERSED, reenter stocks now as they will yield more than 10 % return from current levels in next one year period. Thus a better choice .
Now coming to EXTENT OF FALL POSSIBLE-
Bse30 can touch 9236 level in panic.
Basis of this target 1980/4546 x 21206 that is theory Vipul Lashkari , comaring 1992 April to 1993 April to Oct 2007 to Oct 2008 price change for bse 30 index will give probable target of 9236 for bse 30 index.
We are at 10525 bse 30 index level as on 10 Oct 2008 friday close.
Thus 12.25 % away from possible and probable bottom.
14 rsi is still pointing south in daily chart but is at very low value, it will make bottom - higher bottom formation during monday 13 oct to wednesday 15 oct 2008 , thus POSITIVE divergence will ENSURE END OF CURRENT DOWNMOVE, stoch will also GIVE BUY SIGNAL by line crossover , indicator cutting moving average line from below.
Whatever you buy now, HOLD TILL FEB 2009 - sell in budget expectation RALLY -15 OCT 2008 to 13 FEB 2009.
I expect 20 % return on investment for one who INVESTS NOW IN STOCKS in this period - conservative estimate, 30 to 40 % return practical estimate and above 50 % return OPERATOR`s estimate.
Stability will return in world markets by 5 to 19 Nov 2008 and then onwards UPMOVE is expected.
Warm regards
Vipul Lashkari
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.....................
Forward Contract
.....................
An agreement for the future delivery of the underlying commodity or security at a specified price at the end of a designated period of time. Unlike a future contract, a forward contract is traded over the counter and its terms are negotiated individually. There is no clearing house for forward contracts, and the secondary market may be non-existent or thin.
TC-111008-S-01...
In reply to:
< Enhance Stock Knowledge Skills >
Posted by : TrueCompanion
Dirty float :
---------------------
A floating security whose value is not solely determined by free market supply and demand pressures but also by interventions of the concerned authorities.
---------------------
TC-101008-S-01
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Gujju Bhai,
keep up the good work.
regards
shakti...
In reply to:
13 to 17 Oct 08 Last week of Fall
Posted by : amarakbar
Dear Friends,
Since last few messages i have been trying to tel all my readers that SIGNIFICANT bottom is in the making . Sep End message shows 3 weeks to go.
3 Oct message says 2 week to go.
8 Oct message says 5 trading days to go.
now 2 days out of those 5 days are already over and REMAINING 3 days are, 13 Oct to 15 Oct 2008.
Like that song singh is king, this gujju is master of TURNINGS by now.
Grace of God.
Thus my friends, CURRENT DOWNMOVE IN STOCKS WILL END in 13 to 15 OCT 2008 PERIOD.
Some friends will remember when crude wasat 148 usd yours truly had posted that it will not rise anymore from that level, today it is below 100, around 80-90 range.
SELL GOLD which is at 14000 RS for 10 gram level today.
SELL USD which is at 48.5-49INR level today.
SELL REALESTATE which is at alltime high level and has just started to tumble- in my city AHMEDABAD rates - residential property 3200 Rs per sq ft in my area are still same but no buyers anymore at those rates thus stagnant market waiting for downward price adjustments in coming years.
ENCASH YOUR fixed deposit and switch over to STOCKS NOW.
Oct07 to Jan 08 I had written here to encash from stocks and prefer fixed deposit now that trade MUST BE REVERSED, reenter stocks now as they will yield more than 10 % return from current levels in next one year period. Thus a better choice .
Now coming to EXTENT OF FALL POSSIBLE-
Bse30 can touch 9236 level in panic.
Basis of this target 1980/4546 x 21206 that is theory Vipul Lashkari , comaring 1992 April to 1993 April to Oct 2007 to Oct 2008 price change for bse 30 index will give probable target of 9236 for bse 30 index.
We are at 10525 bse 30 index level as on 10 Oct 2008 friday close.
Thus 12.25 % away from possible and probable bottom.
14 rsi is still pointing south in daily chart but is at very low value, it will make bottom - higher bottom formation during monday 13 oct to wednesday 15 oct 2008 , thus POSITIVE divergence will ENSURE END OF CURRENT DOWNMOVE, stoch will also GIVE BUY SIGNAL by line crossover , indicator cutting moving average line from below.
Whatever you buy now, HOLD TILL FEB 2009 - sell in budget expectation RALLY -15 OCT 2008 to 13 FEB 2009.
I expect 20 % return on investment for one who INVESTS NOW IN STOCKS in this period - conservative estimate, 30 to 40 % return practical estimate and above 50 % return OPERATOR`s estimate.
Stability will return in world markets by 5 to 19 Nov 2008 and then onwards UPMOVE is expected.
Warm regards
Vipul Lashkari
Tracked by: 0 Boarder
Dear Friends,
Since last few messages i have been trying to tel all my readers that SIGNIFICANT bottom is in the making . Sep End message shows 3 weeks to go.
3 Oct message says 2 week to go.
8 Oct message says 5 trading days to go.
now 2 days out of those 5 days are already over and REMAINING 3 days are, 13 Oct to 15 Oct 2008.
Like that song singh is king, this gujju is master of TURNINGS by now.
Grace of God.
Thus my friends, CURRENT DOWNMOVE IN STOCKS WILL END in 13 to 15 OCT 2008 PERIOD.
Some friends will remember when crude wasat 148 usd yours truly had posted that it will not rise anymore from that level, today it is below 100, around 80-90 range.
SELL GOLD which is at 14000 RS for 10 gram level today.
SELL USD which is at 48.5-49INR level today.
SELL REALESTATE which is at alltime high level and has just started to tumble- in my city AHMEDABAD rates - residential property 3200 Rs per sq ft in my area are still same but no buyers anymore at those rates thus stagnant market waiting for downward price adjustments in coming years.
ENCASH YOUR fixed deposit and switch over to STOCKS NOW.
Oct07 to Jan 08 I had written here to encash from stocks and prefer fixed deposit now that trade MUST BE REVERSED, reenter stocks now as they will yield more than 10 % return from current levels in next one year period. Thus a better choice .
Now coming to EXTENT OF FALL POSSIBLE-
Bse30 can touch 9236 level in panic.
Basis of this target 1980/4546 x 21206 that is theory Vipul Lashkari , comaring 1992 April to 1993 April to Oct 2007 to Oct 2008 price change for bse 30 index will give probable target of 9236 for bse 30 index.
We are at 10525 bse 30 index level as on 10 Oct 2008 friday close.
Thus 12.25 % away from possible and probable bottom.
14 rsi is still pointing south in daily chart but is at very low value, it will make bottom - higher bottom formation during monday 13 oct to wednesday 15 oct 2008 , thus POSITIVE divergence will ENSURE END OF CURRENT DOWNMOVE, stoch will also GIVE BUY SIGNAL by line crossover , indicator cutting moving average line from below.
Whatever you buy now, HOLD TILL FEB 2009 - sell in budget expectation RALLY -15 OCT 2008 to 13 FEB 2009.
I expect 20 % return on investment for one who INVESTS NOW IN STOCKS in this period - conservative estimate, 30 to 40 % return practical estimate and above 50 % return OPERATOR`s estimate.
Stability will return in world markets by 5 to 19 Nov 2008 and then onwards UPMOVE is expected.
Warm regards
Vipul Lashkari...
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I could find one message here......
Lalitdeshpandey on ( 07-Oct-08 04:46 )
Dear Friends,
In recent past we have seen diper correction in Chines market. I have studied Investment strategy of FIIS in emerging markets during last 18 Months.
CORRECTION In INDIAN MARKET MAY END FOLLOWING LEVELS OF INDICES :
Sensex : may fall to 10587
Nifty : may fall to 3177.
This is the levels we can think buying with long view. Time will tell us. We shall also look into our Economic growth data also in parity with Global cues.
Thanx,
LALIT.
...
In reply to:
Where is the BOTTOM ? Sensex-10587/Nifty-3177
Posted by :
Nodick
Really great call if it was made ... and congrates and Pandeyji problem is that most of investors are idiot retail investors who want to stay in fools` paradise and never like to read any message pertaining to mandi or price down. Let them sink if they will loose we will earn
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You are 100 % correct...............
In reply to:
Where is the BOTTOM ? Sensex-10587/Nifty-3177
Posted by : Nodick
Really great call if it was made ... and congrates and Pandeyji problem is that most of investors are idiot retail investors who want to stay in fools` paradise and never like to read any message pertaining to mandi or price down. Let them sink if they will loose we will earn
Dear Sriram,
I had posted my targets well in advance...
Nifty almost reached the target...........
now let us see your targets.... It may be target-2
if reached.... Else Mine would be the Bottom correctly predicted!!!!!...
In reply to:
Where is the BOTTOM ? Sensex-10587/Nifty-3177
Posted by : Sriman35
-Q-
Where is the BOTTOM ? Sensex-10587/Nifty-3177
-UQ-
Sensex - 8500
Regards,
Sri
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When our RBI relaxed SLR many banks did not avail fully the available funds. If the liquidity increses,it will make available a sum of 60% of the needs,bankers say. Who are going tobe benefited in the stock market? Truly I do not know whether the individual is getting any benefits. As for industries, the lending rates are not reduced. The production figures will comedown and create increase in prices . The poor supply will be facing higher demand. you can see it in the IIP figures released today.
Those who do trading, margins are proportionately payable to the decrease in CMP and for that the banks will ask for more security to enhance the overdraft. Failing which the trader will sell the holding, to cover the difference. The trader should provide more margin money and for that provide more security to the bankers to avail OD. In a bear market he will not opt either but to sell his holding.
The main issue is revolving around the banks who have foreign exchange transaction or branches in another country. With the release of the cut in CRR they get more money and they can buy the dollors or pounds or euro to strenthen their branches in foreign countries and transactions. Otherwise, the image is lost.
As I am US and have interest in Foreign exchange dealings, I know how the branches of Indian banks sending calls to the head offices in India, to arrange for funds, to strengthen their kitty. This you would have noted that the cut in CRR has not reduced the decrease in index and infact it bagan to increase in an hour after knowing the cut. Only banks that shored dollors, like SBI advanced from minus to plus in the CMP. This is not peculiar to India.
Iceland went to the extent of nationalising the banks, to instil confidence as many English and Americal food ball players had their wealth accumulated there. When thei cheques could not be paid, the Govt. intervened. A small country. How long it can pull on. Yesterday Russia closed the market for the week.
So let us not think that the higher liquidity is directly made available to the traders and a trader will be tempted to avail it for margin cover in a bear market. There was rumour for an hour here in USA that The UK Govt. kas taken over all their banks which was later officially denied. The fiscal crisis has spread widely now in Europe as all those banks have banked their funds in US banks.
Just think about it. If CRR is expected to play a major role in a bear market and to help the trader and investors, why should the index show a fall of over 800points in sensex and 220 points in nifty.
I solicit your comments and have my views corrected.
v.krishnamoorthy...
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-Q-
Where is the BOTTOM ? Sensex-10587/Nifty-3177
-UQ-
Sensex - 8500
Regards,
Sri...
In reply to:
Where is the BOTTOM ? Sensex-10587/Nifty-3177
Posted by : Lalitdeshpandey
Dear Friends,
In recent past we have seen diper correction in Chines market. I have studied Investment strategy of FIIS in emerging markets during last 18 Months.
CORRECTION In INDIAN MARKET MAY END FOLLOWING LEVELS OF INDICES :
Sensex : may fall to 10587
Nifty : may fall to 3177.
This is the levels we can think buying with long view. Time will tell us. We shall also look into our Economic growth data also in parity with Global cues.
Thanx,
LALIT.
Tracked by: 0 Boarder
No need to wait.. It hit 3198 today below 3200. This market is falling so sharply, that we do not have to wait. Just Like super fast..... Train.... When Sensex it self is in hurry to fall, we do not need to wait much!!!...
In reply to:
Where is the BOTTOM ? Sensex-10587/Nifty-3177
Posted by :
bullaju
You cant wait for nifty to below 3200, even if it come to the level I think 2008 will not saw the day. I think before that we will again see 4200 or higher by the end of Nov`08
