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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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20 Aug 2008 23:25

Tata Teleservices Maharashtra ST: the upside prevails as long as 25.5 is support
Our pivot point is at 25.5.

Our preference: the upside prevails as long as 25.5 is support.

Alternative scenario: below 25.5, expect 23.4 and 22.1.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (standing respectively at 26.57 and 26.17).

Supports and resistances:
33.4 *
32.1 **
30.8
27.55 last
26.4
25.5 **
23.4 *

for more free tips track my messages under 'sunnyprofits' in this section of messageboard or visit my website@sunnyprofits

Regards,
Sunny Shah
sunnyprofits...

20 Aug 2008 23:21

Tata Chemicals ST: as long as 288.5 is support look for 386.3
Our pivot point stands at 288.5.

Our preference: as long as 288.5 is support look for 386.3.

Alternative scenario: below 288.5, expect 253.8 and 233.3.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day MA (321.49) but above its 50 day MA (311.99).

Supports and resistances:
407.3 *
386.3 **
365
319.05 last
302.1
288.5 **
253.8 *

for more free tips keep tracking my messages under 'sunnyprofits' or visit my website

Best regards,
sunny shah
sunnyprofits...

20 Aug 2008 23:14

S&P CNX Nifty index ST: as long as 4162 is support look for 4905
4162 is our pivot point.

Our preference: as long as 4162 is support look for 4905.

Alternative scenario: the downside breakout of 4162 would call for 3902 and 3748.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The
index could retrace in the short term. The index is trading under its 20 day MA
(4429.14) but above its 50 day MA (4290.02).

Supports and resistances:
5062 *
4905 **
4748
4415.75 last
4264
4162 **
3902 *

keep tracking my messages on messageboard for more information.

regards,

sunny shah
sunnyprofits...

20 Aug 2008 23:09

dineshsahay-Yes indeed the Buying has started at lower levels!!...

In reply to:

Would you buy at current levels?

Posted by : dineshsahay

Market is likely to go up as it is approaching 2nd FY09 results and in october08 will be heavy buying is expected.
Regards
dinbeshsahay

20 Aug 2008 22:40

Hey L&T,
I have subscribed to the RSS feed of your blog and will try to have a look daily. Though I do not understand all the technicals you describe but I am a quick learner and should be up to speed soon.
Do keep posting your views on Sensex trends.
I also have a suggestion that you should start tracking Nifty too. I like it more than Sensex....

In reply to:

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : lion-&-tiger

Hi PKK,

The following is copied from reutersindia dot net and this for your information. You can have detailed view with graphical supports from there.

A close on the old 14,645 support line on Wednesday.
The next chart shows the Parabolic-SAR which has touched the price action and has now turned bearish. The MACD lines have crossed and as you can see the lower line on the Alpha Beta trend is turning down sharply and is about to turn neutral from bullish.
The near-term technical picture is turning bearish.
The rupee eased a bit more on Wednesday as you can see from the third chart but the 10-day correlation study of the SENSEX vs INR is still high. A very high correlation between the two has existed for around a month now so if you watch the SENSEX you do need to keep a close eye on what is happening to the rupee and therefore the USD.
Below that is a correlation chart of the SENSEX vs the MSCI Asia stocks index ex-Japan which clearly shows the India market decoupling form the Asia markets since the beginning of the month. The correlation index is still negative as per the sub-chart.
I have now launched a Blog associated with this site at http : / / blogs . reuters . com / technicallyspeaking /
if you would like to join the discussion.

Regards

20 Aug 2008 22:40

Hey L&T,
I have subscribed to the RSS feed of your blog and will try to have a look daily. Though I do not understand all the technicals you describe but I am a quick learner and should be up to speed soon.
Do keep posting your views on Sensex trends.
I also have a suggestion that you should start tracking Nifty too. I like it more than Sensex....

In reply to:

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : lion-&-tiger

Hi PKK,

The following is copied from reutersindia dot net and this for your information. You can have detailed view with graphical supports from there.

A close on the old 14,645 support line on Wednesday.
The next chart shows the Parabolic-SAR which has touched the price action and has now turned bearish. The MACD lines have crossed and as you can see the lower line on the Alpha Beta trend is turning down sharply and is about to turn neutral from bullish.
The near-term technical picture is turning bearish.
The rupee eased a bit more on Wednesday as you can see from the third chart but the 10-day correlation study of the SENSEX vs INR is still high. A very high correlation between the two has existed for around a month now so if you watch the SENSEX you do need to keep a close eye on what is happening to the rupee and therefore the USD.
Below that is a correlation chart of the SENSEX vs the MSCI Asia stocks index ex-Japan which clearly shows the India market decoupling form the Asia markets since the beginning of the month. The correlation index is still negative as per the sub-chart.
I have now launched a Blog associated with this site at http : / / blogs . reuters . com / technicallyspeaking /
if you would like to join the discussion.

Regards

20 Aug 2008 22:17

Dear nadhi,

This is what we call as

"naan atikkira mathiri atikkiren
Nee azhara mathiri azhu"

LOL

Regards,...

In reply to:

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : nadhi

Dear googol,

It seems to be a memorable day. Not only in sports. MOD had replied to pradesh that HLN had deleted his messages and "advised" HLN not to repeat these things. While the MOD seems to be lenient to HLN his reply is something new.

regards

nadhi

20 Aug 2008 21:33

At present no petrol hike.Only when crude price exceeds above 150 dolar,then goverment may rethink in hiking fuel prices.It is easey for goverment to hike fuel price due to absence of Left parties in the UPA....

In reply to:

Will there be another round of petrol, diesel price hike, given oil cos\' losses?

Posted by : MMB Messenger

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

20 Aug 2008 21:08

Last price hike was done when the crude was more than $ 120 in the international market. Crude went upto $ 147 and retreated to $ 115. Where is the case for further increase in prices. In fact, OMCs have taken the burden upto $ 147 and now they are seeing a relief rally. FORGET ABOUT ANY PRICE HIKE ON PETROLEUM PRODUCTS UNLESS THE CRUDE CROSSES $ 150. Cheers !!!!! ...

In reply to:

Will there be another round of petrol, diesel price hike, given oil cos\' losses?

Posted by : MMB Messenger

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

20 Aug 2008 21:03

The trend is already seen by shoratage of fuel in metro cities. It is a sure indication prelude to risethe prices....

In reply to:

Will there be another round of petrol, diesel price hike, given oil cos\' losses?

Posted by : MMB Messenger

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

20 Aug 2008 20:58

Hi PKK,

The following is copied from reutersindia dot net and this for your information. You can have detailed view with graphical supports from there.

A close on the old 14,645 support line on Wednesday.
The next chart shows the Parabolic-SAR which has touched the price action and has now turned bearish. The MACD lines have crossed and as you can see the lower line on the Alpha Beta trend is turning down sharply and is about to turn neutral from bullish.
The near-term technical picture is turning bearish.
The rupee eased a bit more on Wednesday as you can see from the third chart but the 10-day correlation study of the SENSEX vs INR is still high. A very high correlation between the two has existed for around a month now so if you watch the SENSEX you do need to keep a close eye on what is happening to the rupee and therefore the USD.
Below that is a correlation chart of the SENSEX vs the MSCI Asia stocks index ex-Japan which clearly shows the India market decoupling form the Asia markets since the beginning of the month. The correlation index is still negative as per the sub-chart.
I have now launched a Blog associated with this site at http : / / blogs . reuters . com / technicallyspeaking /
if you would like to join the discussion.

Regards
...

In reply to:

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : pkk07

Wow L&T!!! Great discovery.
Fundamentals in US are getting worse by the day. In no time a few banks should go bust and only after that may be we can talk of recovery.

20 Aug 2008 20:36

Dear Nadhi,
thanks
Another matter
Your prediction on GVK power (your message sometime back)is promising
ICICI Direct advising to invest
take care
GV...

In reply to:

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : nadhi

dear gv,

That is a good suggestion. If the deleted messages are automatically revealed to MOD, which I feel it is, he can as well restore the message. If there is a will there is a way.

regards

nadhi

20 Aug 2008 20:21

Economic Facts of Life
The old economic facts of life - a company must eventually make a profit or fail - never changed. What many investors saw was a frenzy about making easy money riding the boom.
The market is almost always right, but it may not be right every day. Eventually, it will swing capital back to the center where the companies that make profits are highly valued.

Investors have ridden many different types of extremes or bubbles at various times including real estate, oil, gold, sophisticated debt instruments, futures and more.

Sooner or later the bubble bursts and capital returns to the center. One thing that is different today, as opposed to historical bubbles, is how fast they can inflate and, equally fast, burst.

If you want to play the bubbles, do so with no more than five to ten percent of your investment capital and be certain you can afford to lose it all without hurting your way of life.

...

In reply to:

Stock Investors should Avoid the Extremes

Posted by : Infy_fan_always

Dot com Boom

A case in point. The dot com boom of the late 1990s is a good example of a market extreme. While many people made money during the crazy times, many more lost huge sums.
Many billions of dollars vanished in smoke as companies founded on little more than an idea with “dot com” on the end burned through cash and produced nothing.

That extreme or bubble had to fail because too many companies simply didn’t make enough money to keep their doors open. It is easy to see now that the frenzy is gone, but harder when all you heard about was the “new economy.”

There was a new economy emerging, but it wasn’t the goofy ideas behind many of the dot com failures. The new economy was about how the Internet was integrating into and changing the old economy.

20 Aug 2008 20:20

Dot com Boom

A case in point. The dot com boom of the late 1990s is a good example of a market extreme. While many people made money during the crazy times, many more lost huge sums.
Many billions of dollars vanished in smoke as companies founded on little more than an idea with “dot com” on the end burned through cash and produced nothing.

That extreme or bubble had to fail because too many companies simply didn’t make enough money to keep their doors open. It is easy to see now that the frenzy is gone, but harder when all you heard about was the “new economy.”

There was a new economy emerging, but it wasn’t the goofy ideas behind many of the dot com failures. The new economy was about how the Internet was integrating into and changing the old economy.

...

In reply to:

Stock Investors should Avoid the Extremes

Posted by : Infy_fan_always

Bet on the middle. Stock investors can help themselves if they count on extremes always swinging back to the middle.
What this means is that, like politics, the extremes in market and economic cycles get most of the attention.

This attention can be easily confused with importance.

I am not saying there aren’t opportunities on the fringe, but a less risky strategy is assuming the middle is where most long-term gains exist.

20 Aug 2008 20:20

Bet on the middle. Stock investors can help themselves if they count on extremes always swinging back to the middle.
What this means is that, like politics, the extremes in market and economic cycles get most of the attention.

This attention can be easily confused with importance.

I am not saying there aren’t opportunities on the fringe, but a less risky strategy is assuming the middle is where most long-term gains exist.

...

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