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Moneycontrol >> Messageboard >> Market View >> Market Outlook - Short Term
   You are here :     Moneycontrol     MMB   Market View   Market Outlook - Short Term

Market Outlook - Short Term

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08 Sep 2008 12:31

Dear PKK07 I see your point, that is the reason why i still tied in to the ICICI....

In reply to:

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : pkk07

That\\`s an important point. Open your account with a brokerage who are also a banking institution. For some unexplained reason, I \\\\

08 Sep 2008 12:29

I think It shows that it will breach 4570 Today..and more......

In reply to:

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : googol

0802

Dear Eshers,

I have never seen Nifty moving in such a narrow range in the recent past.For the past two hrs it is just between 4500 and 4520 only!
Perhaps like the state in boxing when the two boxers hug each other and wait for the other to release the grip and then referee comes in and separates them.The same thing seems to be happening between Bulls and Bears..LOL

Regards,

08 Sep 2008 12:22

Dear Googol,

LOL.. Yes, Unfortunately its been the case.. We should be glad atleast there is a gap-up or gap-down and then this boring flat day.. We expect the US referee everyday is not the right way to go ..

Cheers...

In reply to:

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : googol

0802

Dear Eshers,

I have never seen Nifty moving in such a narrow range in the recent past.For the past two hrs it is just between 4500 and 4520 only!
Perhaps like the state in boxing when the two boxers hug each other and wait for the other to release the grip and then referee comes in and separates them.The same thing seems to be happening between Bulls and Bears..LOL

Regards,

08 Sep 2008 12:19

0802

Dear Eshers,

I have never seen Nifty moving in such a narrow range in the recent past.For the past two hrs it is just between 4500 and 4520 only!
Perhaps like the state in boxing when the two boxers hug each other and wait for the other to release the grip and then referee comes in and separates them.The same thing seems to be happening between Bulls and Bears..LOL

Regards,...

In reply to:

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : eshers

Thanks dear Googol for your wishes. Looks like it will be one big day today..

Cheers

08 Sep 2008 12:12

RN, Thank you anyway, I think i will live with this ICICI for some more time before i moves with some other brokerage......

In reply to:

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : radhika_nandlal

i message her or place order by phone and i have an account with them... but its confidential information so i cannot share the name besides they are not big time folks.. they are very simple folks.

08 Sep 2008 12:10

radhika,
let me hear what more you want ? you are really lucky to have such a relation helping you financially, socially and emotionally. nice. dont go to any other broker because he will be a breaker of your smooth life. After all, life is not meant for trading only.

regards
shakti...

In reply to:

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : radhika_nandlal

sp palo,

yes and even if i dont have money for a margin trade some day, she pitches in for me plus they do my tax returns and she also keeps me company to watch movies etc.

08 Sep 2008 12:08

That\\`s an important point. Open your account with a brokerage who are also a banking institution. For some unexplained reason, I \\\\...

In reply to:

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : radhika_nandlal

Yes i agree with you, NOTHING like ICICI... BUT they are always down whats the point.. just keep it for checking price of scrips and portfolio but use HDFC for trade....if not take sharekhan... yes pvt nonbanking players have access to our money and their ledgers are not very clear i understand.

08 Sep 2008 11:51

i message her or place order by phone and i have an account with them... but its confidential information so i cannot share the name besides they are not big time folks.. they are very simple folks....

In reply to:

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : vam_aru

How your own broker does the trade for you , do you opened account with them or How is it like? are you call them and ask them to buy or sell?

08 Sep 2008 11:51

YEN DOLLAR ratio is moving well 108.5+ from low of around 106...

Gud days for equity market ahead!

I just wish Nifty to cross 4650+ for better days ahead!

Gud luk & happy investing! :)...

In reply to:

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : Nish

Asian markets on a roll !!

08 Sep 2008 11:48

How your own broker does the trade for you , do you opened account with them or How is it like? are you call them and ask them to buy or sell?...

In reply to:

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : radhika_nandlal

but i cannot visit 10 broking houses for their demo.. they should offer demo from the comfort of our home and during market hours... they dont know how to sell?? i dont think so, its becoz they know they are ALL cheats so they dont want to give such demos..LOL.. i dont trust most brokers thats why i have my own relation as my broker.

08 Sep 2008 11:45

sp palo,

yes and even if i dont have money for a margin trade some day, she pitches in for me plus they do my tax returns and she also keeps me company to watch movies etc....

In reply to:

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : sp.palo

good. stay with your relation only. safe and hassle-free.

08 Sep 2008 11:41

This week huge gap up opening might happen and better to avoid going long because
1. N-deal will affect the comapanies numebers only after 3-5 years, so there will not be any significant help in fundamentals for short to medium term except the change in sentiment.
2. FIIs are still net sellers
3. Nifty is also trading at 19 PE which is very high when we are growing at 10-15%
4. OPEC is going to take the decision to review the supply cuts on 9th sep and we can expect this as very crucial trigger. If it is favours then the upmove will sustain further (But big analysts says that OPEC will cut the production slightly)
5. GDP numebrs below 8% means some signals that our economy starts giving slowing signals
6. After the bear market starts markets will take nearly 18-36 months to change its gear and we are in 9 month old only so as per history no big surprises should expect right now.
7. Crude will again go up after taking a breathe and will test the 120+ level.
8. The most important is that the big beneficiares LnT,BHEL,RELinfra and NTPC will have 13.7 & weightage in Sensex whereas the RIL it self is having more than these four of 14.8 %. So, with this instantly the beneficiares may not push the indices much due to RIL is under the bears grip.
All these indicating that we are having bad news along with some good news so better to watch out for the band 3850-4850 and we are near to upper end of the band hence after reaching the go short in three steps at 4550/4675/4755 with a stop loss of 4820. This is a short term call not for the intra week call.

NSG wavier rally will move the indices in green for atleast couple of days.
with thanks
be and make ...

In reply to:

Short term global cues very negative

Posted by : Be and Make

Short term global cues very negative,
1. Nuke deal again on a bumpy road and leads to much delay
2. OPEC thinking to cut the production which will either maintain the crude price at the 110 level or again leads to further.
3. SP and other leading parties threatening government about the hide agreements in N-deal
4. Inflation again will move up after a breath (another two weeks it may consolidate here)
5. New RBI governor is very strict to control the inflation.
6. GDP numbers are below 8% everybody ignoring this right now.
7. Growth slowing down

So for short term Nifty will move to 4200 level very soon,
With thanks
Be and make

08 Sep 2008 11:35

good. stay with your relation only. safe and hassle-free. ...

In reply to:

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : radhika_nandlal

but i cannot visit 10 broking houses for their demo.. they should offer demo from the comfort of our home and during market hours... they dont know how to sell?? i dont think so, its becoz they know they are ALL cheats so they dont want to give such demos..LOL.. i dont trust most brokers thats why i have my own relation as my broker.

08 Sep 2008 11:25

Markets are witnessing huge buying interest as power, capital goods, banking and technology stocks are on buyers radar. Midcap and Small cap stocks have also joined the league. Major stocks will get benefitted from nuke-deal are NTPC, BHEL, L&T, ABB, Siemens, Rolta etc. The Sensex holds above 15000 and Nifty above 4500 levels....

08 Sep 2008 11:18

Hi jonas,

I feel even if it's not crossing 4650, and tomorrow of we get close to 4600 we can buy some puts......

In reply to:

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : jonas

Hi Aru,

I feel PUTS can be bot if Nifty fails to cross the major resistance of 4650.

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