Market Outlook - Short Term

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : hindlevernet

Hi TradeMore,

Nifty seems all set to touch its resistance
range of 4600-4650 within next 4-5 trading
sessions. From there, it is most likely to
crash badly. It will be sharp correction
indeed. First major support in this correction
may be about 4150.

At this time, 12 Noon, Nifty spot is at 4350
which offers wonderful buying opportunity, specially
for High Beta stocks like IFCI, RNRL, RELIANCE
CAPITAL, JP ASSOCIATES etc. But these positions must
be squared off as soon as Nifty rises above 4600 in
the coming days.

If you or anybody else wants to discuss the nuances
of the market movements, I will be on line from 8 PM.
Let us chat through yahoo messenger.

My ID is: mittalsecurities

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : BullSheetRules

Dear jonas,

DOW going below 11080 will signify that short term weakness else SMART money will again start moving into DOW and other markets including indian market! :) :) Money made from oil, gold, silver etc will eventually move to equity market. :)

Gud luk & happy investing!

Technology, metals, banks, real estate stks hammered

Posted by : MMB Messenger

It has been a struggle through the trading day today. It’s not been one of those days where we started badly and then recovered almost immediately; the first gap down and then the market has just been in that 300-450 points down range throughout the day on the Sensex.

Technology, metals, banks, real estate stks hammered

Posted by : MMB Messenger

It has been a struggle through the trading day today. It’s not been one of those days where we started badly and then recovered almost immediately; the first gap down and then the market has just been in that 300-450 points down range throughout the day on the Sensex.

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : vam_aru

Stock markets like Chakra Vyooh ( Mahabharat ), and we ( all investors )are like Abhimanyu's , we know how to enter it, but we don't know how to come out of it......lol

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : radhika_nandlal

Could be coz the TRIN gave enough indications the past few days thats somethign was amiss.. next time i see a rally for 3 days in a row with an oversold TRIN for 3 days i will be very cautious... how come the markets demand fresh tution fees everytime... i think gurudakshina lapses on our part in previous births attract us towards this gambling den called stockmarkets...

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : raj_tibs

Dea pkk,

In the medium term, underperformance is more likely - given the high-beta nature of our markets. Also, barring crude tanking to sub-90 levels, there are not likely to be any immediate triggers for an upmove. The game was played well, and the market falls under its own weight, despite crude correcting so much.

In the longer term though, Indian markets are likely to outperform. Will wait patiently till the post elections crash to take any major long positions.

-r

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : BullSheetRules

Dear jonas,

DOW going below 11080 will signify that short term weakness else SMART money will again start moving into DOW and other markets including indian market! :) :) Money made from oil, gold, silver etc will eventually move to equity market. :)

Gud luk & happy investing!

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : hindlevernet

Dear Rahika,

Technical Analysis, I think is ultimate tool
to see the levels of Resistance and Support. It
can be equally applied in short and long term.

Yesterday I was wondering that how Nifty will
behave today on 05 September. Inflation numbers
were acceptable. Nifty graph was indicating
strong rally. In the evening Dow collapsed. I
was not able to comprehend how Nifty should behave.
But even after following global cues, Technical
Analysis was stil in place. Nifty support of 4320
was not violated. It still did not fall below
peak of first minute wave of this present rally
that began on 28 August. Mastery of TA is the
mastery of the stockmarket.

I cannot help posting the names of great boarders
here:

RADHIKA
COLUMBUS
GURUPADA
KALIDAS
AMARAKBAR

I must have missed some names here for which I
apologise.


SURESH MITTAL

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : lovemeall26

Yes radkhikaji,
After seeing nifty do a topsy turn inspite of the charts showing something else for the past two days, I too feel like throwing TA into the dustbin. Sheer madness going on these days worldwide.
After such a strong rally on tuesday, all TA was showing a higher trajectory, but nope, nifty had other plans. Seems , we will have to overlook TA for a few days and see the market sentiments which are taking more centrestage these days.
lovemeall26

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : nightowl

WHAT 500 POINTS???? i8 not understand.......

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : pkk07

Seems like India is all set to NOT get the waiver at NSG. This effectively means that this govt. has to not just go out with a red face, its the end of political career of Mr. Manmohan Singh.
Worse than that, it shows India its place in world matters. However proud we may be of our resurgent nation, the world still thinks we are shit.
Wonder how would the stock markets react on Monday. Are we staring at another black Monday on back of more sell off in Europe and US and NSG failure?

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : googol

0518

Yeah I know you would jump at the word and say 'look googol what do you say for this typo?'

M'am in all humility all I can say is that the typo was by design!

India stock investors should buy :Lehman

Posted by : BullSheetRules

An interesting news item:

---

India stock investors should buy on dips: Lehman
5 Sep, 2008, 1948 hrs IST, REUTERS

MUMBAI: Indian stock markets may fall by 10-15 percent in the short-term, but index levels between 12,500 and 13,000 can be viewed as buying opportunities in the coming year as inflation has peaked, Lehman Brothers said in a report.

The benchmark BSE index may trade between 14,000 and 19,685 in the next 12 months, Lehman said in the report dated Sept. 3 and released to the media on Friday.

Investors should consider buying shares in auto, media, consumer, telecom, real estate and pharma companies as well as banks, the research house said. Capital goods, non-ferrous metals and cement companies can be avoided, it added.

Double-digit inflation and subsequent monetary tightening by the central bank fuelled concerns of an economic slowdown and send the benchmark BSE index down 28.6 percent this year.

Inflation, which rose to 12.63 percent in August, was mostly driven by commodities and is likely to abate in the second half of current fiscal year on easing crude oil prices, Lehman said.

However, the central bank may continue with its tight monetary policy because of fiscal deficit concerns, Lehman said. With federal elections due early next year, the government is likely to boost spending, the research house added.

The government\\`s expenses will likely balloon on higher subsidies to fertiliser companies, oil bonds, farm loan waivers and wage increases for government employees, said Lehman.

Interest rates to consumers and companies may remain high in the next three-six months and 10-year yields will likely stay firm in coming months, the research house added.

Corporate earnings have been affected by higher interest rates, rising raw material costs and high yields, but margins are likely to stabilise in coming quarters in a deflationary commodity environment, Lehman added.