Market Outlook - Short Term

Would you buy at current levels?

Posted by : MMB Messenger

Dear Boarders,Do let us know your views and opinions on the poll.-MMB Messenger

Nifty may not see 4000 mark again !!!!

Posted by : abhishek29

Yes, You are right sir Mr shankar sharma of first global can predict the target of NIFTY @ -2000 levels anytime.

Would you buy at current levels?

Posted by : MMB Messenger

Dear Boarders,Do let us know your views and opinions on the poll.-MMB Messenger

Would you buy at current levels?

Posted by : MMB Messenger

Dear Boarders,Do let us know your views and opinions on the poll.-MMB Messenger

Nifty may not see 4000 mark again !!!!

Posted by : Nish

Patience,
Hmmm, this was a little too vulgar remark to make, neway w I wasnt expecting anything better from a senile retard.
Now that the market is falling, you are not there to defend your position or your arguments. Nifty reached my targets today as well. Everyone here now knows whose the \\`spade\\` here and where is all the smart money going (which is certainly not yours). After going long at 4460, have you booked your losses, have your SLs hit as yet ?
I covered my nifty and bankidx shorts today, but i havent gone long as yet. I expect more downside though there is no clear indication as yet.

Nifty may not see 4000 mark again !!!!

Posted by : patience

what to do kid..rofl..i come here coz ur mom wants me to stay online with her ...rofl

Would you buy at current levels?

Posted by : MMB Messenger

Dear Boarders,Do let us know your views and opinions on the poll.-MMB Messenger

Would you buy at current levels?

Posted by : MMB Messenger

Dear Boarders,Do let us know your views and opinions on the poll.-MMB Messenger

Sebi announcement not to affect mkts much

Posted by : Udayan Mukherjee

Oil inventories slipped a bit as well so there was one fundamental reason but if you look at global equities they are not particularly comfortable. The US financial sectors continues to slip lower and lower, the retail sales data in the US was not very comforting so while nothing dramatic is going on in global equities which is suggesting a one-way 10-15% fall, it still remains quite sluggish the equity environment out there and we have got to wade through that. In the near-term it looks like a bit more headwind building up from the global side.

On inflation:

It looks like it will be closer to 12.2-12.15% is our poll but that should not alarm us because we have crossed 12% in any case. We heard experts yesterday speak about 13% plus before it cools down. I think the market knows that in this 12-13% zone for inflation we will have to spend a bit of time even if inflation has to cool off. So that’s not alarming.

The one thing though is that the whole macro backdrop seems quite sticky; just 10-days back we were all talking about whether things have peaked on the way down with the macros as in oil is cooling off, maybe interest rates are peaking out, maybe inflation will not go any higher and again the more you look at all these data points, you begin to question whether we indeed have seen the worst with the macro situation. I think yesterday Dr. C Rangarajan's red flag about 7.7% GDP his thought that monetary policy will have to tighten further, cannot be ignored for an economist of his stature and it’s the first sub 8% kind of forecast which has come in from a quasi- government institution. Otherwise all government institutions Reserve Bank of India (RBI), Finance Ministry are still in that 8-8.5% kind of zone.

That just reinforces that we are still in a sticky kind of wicket in terms of macros also the bond yields which has eased off to 8.9% thereabouts so lower than 8.9% seem to be finding support out there and they have gone back quite swiftly to about 9.2% kind of levels which is not exactly comforting. I think you need to see bond yields below 9% for equity markets to take some kind of comfort. If it spends time in that 9-9.5% zone that tells you that there are concerns out there with interest rates expectations and with inflation. The equity markets will not breath easy till crude is sub USD 110/bbl and the bond yields are convincingly below that 9% mark.

Even though the Securities and Exchange Board of India (SEBI) meet yesterday was a non-event, some key measures to control price volatility?

While those measures are good and will help a few companies that was not what the markets were focused on. I don’t think yesterday morning or through the last seven days the stock market was focused on the rights issues and Qualified Institutional Placement (QIPs). It was focused on one thing Participatory Notes (P-Notes), is there going to be a relaxation. It was focused on whether shorts will need to square off because of any change in policy on borrowing stocks and shorting, none of that has been touched, it was complete silence on that and that I think might disappoint the market a little bit.

I am not suggesting for a moment that the market opens gap down because of the disappointment from the Sebi meeting but this could have been one potential positive trigger, which could have just tied it over this sticky period for global markets and kept us floating in that 4,500-4,600 zone, so next time when good news came, we could have darted upto 4,700-4,800, which people are talking about. But sadly that has not happened so may be there is one more reason for the market to drift down closer to that 4,400 mark, rather than dart upto more than 4,600 mark on the Nifty and stay there.

The other QIP pricing norms are good news because a number of companies have to differ their or delay their QIPs it’s IDFC, Yes Bank, JK Bank, ABG Shipyard the list is quite significant of companies which have announced QIPs but could not do it because the 6 month average was far too high.

Now I suspect that they will go ahead and do those QIPs. And QIPs by the way now have become far more attractive than any other capital raising- rights of course will improve now but rights is the least favoured option for many companies, unless it is a very large company with a big capital raising exercise but compared to ADRs or preferential allotment, QIPs probably become far more attractive now. So you could probably see a spate of them happening over the next few weeks and months and capital raising will become easier. Thumbs up on that one for sure but I think the market was probably expecting something else, which did not happen.

-Udayan Mukherjee, Managing Editor,CNBC TV18

Mkts to stay weak, rangebound for a while: Experts

Posted by : MMB Messenger

KN Vaidyanathan, CEO, Alchemy Capital Management feels that the markets will remain rangebound. Sandy Jadeja, Chief Market Strategist and Head of Global Training, ODL Securities believes that the weakness in the markets may persist. He thinks that the downtrend could persist for a few years, with a few intermediate rallies.

Mkts to stay weak, rangebound for a while: Experts

Posted by : MMB Messenger

KN Vaidyanathan, CEO, Alchemy Capital Management feels that the markets will remain rangebound. Sandy Jadeja, Chief Market Strategist and Head of Global Training, ODL Securities believes that the weakness in the markets may persist. He thinks that the downtrend could persist for a few years, with a few intermediate rallies.

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : lion-&-tiger

HI, after long time I write this to you. Listen, the market is now poised to tank any time sooner. What justification?? Watch this out.... Interactive iPath MSCI India Index ETN (INP) Live Chart (Yahoo)

This morgan stanley's india index was the first one to gave the early warning signal before Jan 08 blood bath. During the last 5 days it has tanked more than 10% - where as how much nifty suffered??
On 12th - MSCI india index closed at 61.39... and at present it is trading at 55.37 points.

It is a dangerous sign., my dear...

Now some people here are once again giving bullish calls in this msg board... they are saying that nifty may not see 4000 again... I donot agree with it.

Any one who is reading this are requested to take good homework before taking any type of long positions - Also please please avoid going long on Futures...

Happy trading and investing...

Disclaimer: At present I am long at ABAN (Delivery based not futures) and just bought 20 shares at 2349... This is a calculated small risk - as I did it after deep technical study by my self - not based on some ones recommendation.

Regards

Nifty may not see 4000 mark again !!!!

Posted by : pkk07

Here it comes. In US, the economists are already saying falling oil prices no longer matter since the economy is headed for a nasty recession and no one will have any money to drive cars anyways.
Let\\`s wait for a few US banks to fail before we start talking of a recovery.
Nifty @4000. Looks like it\\`s coming...

Nifty may not see 4000 mark again !!!!

Posted by : pkk07

Here it comes. In US, the economists are already saying falling oil prices no longer matter since the economy is headed for a nasty recession and no one will have any money to drive cars anyways.
Let\\`s wait for a few US banks to fail before we start talking of a recovery.
Nifty @4000. Looks like it\\`s coming...