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Market Outlook - Short Term
Tracked by: 149 Boarders
Hi BSR,
There was no news of BEAR PHASE, but there was a news of shorting nifty above 6100.
Huge slow down is expected in Frontline IT Companies as they are mainly exposed to US Banking, Financial Servcies and Insurance.
Not sure of nifty going below 1000, but will sink below 2200.
Sanju...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
BullSheetRules
Dear SANJU786,
Did those local operators tell you about the tart of BEAR phase last year?
Any special reasons why all IT front line stocks (negligible DEBTS on balance sheets) go DOWN by 40-50% corrections NOW?
Btw, any words about Nifty going to Under 1000 level from those local operators?
Gud luk & happy investing! :) 
Tracked by: 149 Boarders
Thanks for your appreciation, nightowl!
That YEN DOLLAR ratio went DOWN drastically today in a very SHORT time!
--
USDJPY
Last: 95.45
Change: -2.2
%Change: -2.3049
Today`s high: 95.58
Today`s Low: 93.02
Open: 95.48
Close: 93.25
Time: Mon, Dec 1 2008, 20:18 GMT
--
Do keep a watch on this RATIO to understand SPECULATIVE elements in World markets! (Risk averse or risk taking)
Let us hope DOW go DOWN badly today so that DOW futures look GOOD in future!!
Gud luk & happy investing! :)...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : nightowl
you know BSR,
you are really quite a help to a lot of boarders who dont understands most of the technical jargon... thanks
Rittu
Tracked by: 149 Boarders
Dear Mr_Investor,
I wish you good luk with that Nifty figure of 750-999 and that of DOW around 3500-4000!
Technically, that relationship exists!
Let us hope DOW go DOWN badly today!
In present circumstances, following relation exist:
DOW 8550 around Nifty 2750!
DOW 8250 around Nifty 2600!
Decide yourself as DOW has shown good BULLish moves in last few days non-stop! :)
Anyway, in order to make the GAME trasparent, Technically, Check the follwing image to understand how the BEAR Phase for Nifty has ended or will beconfirmed shortly! Somebody has taken the pain to come with the picture to make common investors/ traders understand the end of BEAR market!
2.bp.blogspot. com/_8rG6C9Ts60E/STECDatd_eI/AAAAAAAAA7w/RDTtIfGVgwI/s1600-h/Elliot+Wave+Plot+for+NIFTY-756981.PNG
Remove the extra space in blogspot. com.
Now, NIFTY along with world markets is around those DECIDING points where END of BEAR market / Start of BULL market will be confirmed in ST / MT!
Gud luk & happy investing!...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
Mr_investor
Dear BSR,
Sorry to say that there doesn`t exist any such one to one correspondence between DOW and Nifty. Final target of Nifty for this bear market is 750 - 999 and that of DOW is 3500 - 4000. That means we will enter hand in hand inside the groove. But we will come much faster at the time of recovery out of that groove. For that one have to wait for 1 - 1.5 years atleast.
Regards,
Mr_investor
December 2, 2008
Tracked by: 149 Boarders
you know BSR,
you are really quite a help to a lot of boarders who dont understands most of the technical jargon... thanks
Rittu...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : BullSheetRules
Dear sd3
It is good that DOW is going DOWN today!
DOW will show those Green Spots in future! :)
Let us hope DOW remains above 8100+ level!
Let us hope there is improvement in that YEN DOLLAR ratio!
If that ratio goes to that 80 level, then worldwide markets will become BEARISH resulting in those scenarios in present circumstances!
Right now, those Speculators / Insiders are missing as That ratio went DOWN drastically today! :)
In present circumstances, following relation exist:
DOW 8550 around Nifty 2750!
DOW 8250 around Nifty 2600!
Decide yourself as DOW has shown good BULLish moves in last few days non-stop! :)
Gud luk & happy investing! :)
Tracked by: 149 Boarders
Dear BSR,
Sorry to say that there doesn`t exist any such one to one correspondence between DOW and Nifty. Final target of Nifty for this bear market is 750 - 999 and that of DOW is 3500 - 4000. That means we will enter hand in hand inside the groove. But we will come much faster at the time of recovery out of that groove. For that one have to wait for 1 - 1.5 years atleast.
Regards,
Mr_investor
December 2, 2008...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : BullSheetRules
Dear vtycoon,
Let us hope DOW go DOWN badly today!
In present circumstances, following relation exist:
DOW 8550 around Nifty 2750!
DOW 8250 around Nifty 2600!
Decide yourself as DOW has shown good BULLish moves in last few days non-stop! :)
Gud luk & happy investing! :)
Tracked by: 149 Boarders
Dear sd3,
Among the stocks you have mentioned, I had a close look:
Following stocks look good(BULLish) on charts:
ICICBANK, SBI,
Following stocks look Neutral on charts:
RENUKA (looks fine as long as stays above 40+)
Following stocks look bad (BEARish) on charts:
Unitech, ABAN, PUNJ,
Trend NOT clear: RCOM, RNRL (DOWNSIDE limited around 32 level), GESHIP (Negative BIAS), TATA MOTORS(Negative BIAS), ACC(Negative BIAS)
For reliance: There are some BEARs sitting tightly for a target of below 1000 level (around 900 level)! Let us see if those BEARs become successful!
Gud luk & happy investing! :)...
In reply to:
WILL NIFTY HIT 3600
Posted by : sd3
and who shall rise BSR ?
ICIC , unitech , ABAN , RIL , renuka , RCOM , PUNJ ?
and SBI to certain extent [ some interest rate action !]
and for mysterious reasons RNRL , GEship and ACC .
Alas Tata motors , they invited FD`s from ppl now ...are brokers reading ..
u agree , BSR ? ...
and howz ur health [ for sm mysterious reason , felt like asking this :( ]
sd3
Tracked by: 149 Boarders
Dear vtycoon,
Let us hope DOW go DOWN badly today!
In present circumstances, following relation exist:
DOW 8550 around Nifty 2750!
DOW 8250 around Nifty 2600!
Decide yourself as DOW has shown good BULLish moves in last few days non-stop! :)
Gud luk & happy investing! :)...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : vtycoon
sir wat lvels u think mkt will fall upto ??
i see gap down opening due 2 following
see asian indices havent fall since 7 days
so dey will get BUTCHERE tomo
*n india will follow dem n fall a lil less arnd 3%-4%
*crude is back 2 lows dat shows recesion fears
* i also fear tomo RS $ ratio getiin dissturbeddd
*rest is on DOW lets see if it recovers or nt..i dont think it will be able 2 recover...already it climbed so high dat i wasnt able 2 digest dese rallies
Tracked by: 0 Boarder
Mr. Manmohan Sing has prior experience of handling Finance Ministry. And he has all knowledge about India’s potentials. So he will try to remove the threats into the path of growth.
He deserves the post indeed!
...
In reply to:
Will PM holding finance portfolio give a new boost to the economy?
Posted by : MMB Messenger
Dear Boarders,Do let us know your views and opinions on the poll.-MMB Messenger
Tracked by: 149 Boarders
Dear SANJU786,
Did those local operators tell you about the tart of BEAR phase last year?
Any special reasons why all IT front line stocks (negligible DEBTS on balance sheets) go DOWN by 40-50% corrections NOW?
Btw, any words about Nifty going to Under 1000 level from those local operators?
Gud luk & happy investing! :)...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
SANJU786
Hi All,
As per the news i am getting from local operators, the situation is going to get worse from here, we may even touch 2250 this week itself.
Those holding shorts/puts hold on to it tightly or book partial profits.
Also all IT stocks are going to be hammered, 40- 50% correction is expected in all IT frontline stocks in next two quarters.
Sanju
Tracked by: 149 Boarders
Dear sd3
It is good that DOW is going DOWN today!
DOW will show those Green Spots in future! :)
Let us hope DOW remains above 8100+ level!
Let us hope there is improvement in that YEN DOLLAR ratio!
If that ratio goes to that 80 level, then worldwide markets will become BEARISH resulting in those scenarios in present circumstances!
Right now, those Speculators / Insiders are missing as That ratio went DOWN drastically today! :)
In present circumstances, following relation exist:
DOW 8550 around Nifty 2750!
DOW 8250 around Nifty 2600!
Decide yourself as DOW has shown good BULLish moves in last few days non-stop! :)
Gud luk & happy investing! :)...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : sd3
could we fall 10 % tomorrow , BSR ?
i would be scared if we go to 2.5 k tomorrow , that to me means sub 1.9k and damn down level .
and hope the diplomatic thing wid pak donest get fruitless and dirty .
And deployement on boarder will be bad bad bad ..
luckiely none talked of it on cnbc yet ...hussh !
got any leads on this ? they say war is all about economics .
Tracked by: 149 Boarders
Dear pradesh,
ABAN does not look good on charts! Can go to 100-150 level if things does not improve! Can go to 400-450 level in ST!
Even Punj lloyds looks weak on charts!
It seems better to avoid infrastructure / real estate stocks... companies which have HIGH DEBTS on its balance sheets!
Gud luk & happy investing! :)...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
pradesh
BSR
could u see aban?
Tracked by: 149 Boarders
raj
i did not send the earlier message..
i dont know how somone is being able to post in my name..
i sent the second one asking for the persons id... it is not even amongst my sent messages..
besideds
there are no typos..my hallmark
Ritts...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : raj_tibs
Very true again DU... I will add to the list of how SEBI favors FIIs... If a retail investor takes a hedge, the regular margins apply, however if an FII takes a hedge, the margin requirement is 0!
Also, there is no reason for SEBI to not make the SLB data available on a daily basis. There are a lot of vested interests, starting with our beloved FM. Revelaing the data is an invitation to buy - and most retail would fall.. but that doesnt mean there won`t be a short covering rally in ICICI... As everyone now knows that there are more than 1 crore shares short sold and need to be covered. FIIs may SELL 2 or 3 crores shares during this short covering rally, but that will NOT BE MADE AVAILABLE!
These games notwithstanding, i am certain that Indian investors are going to beat the FIIs the next time around, thanks to our MFs who have just been too patient and sitting on cash for long enough. The FIIs will have to buy higher if they want to come back to india... I anyway dont believe in short covering rallies in a bear market :-) Short covering rallies are for bull markets, and bear markets have "relief" rallies - i wonder who gets relieved! perhaps its just bears taking a short nap to digest the food :-)
3200-3400 would come very soon on the Nifty i believe, and then how much we fall remains to be seen :-)
Regards
Tracked by: 149 Boarders
i did not send this message...
who are you????
Ritts...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : nightowl
raj,
hi
how long do you think this will continue.. somtimes the market defies all logic... sundenly everyone(includingme) has become very and perhaps illogically optimistic again.. wonder if we r being set up..lols
Rittu
could we fall 10 % tomorrow , BSR ?
i would be scared if we go to 2.5 k tomorrow , that to me means sub 1.9k and damn down level .
and hope the diplomatic thing wid pak donest get fruitless and dirty .
And deployement on boarder will be bad bad bad ..
luckiely none talked of it on cnbc yet ...hussh !
got any leads on this ? they say war is all about economics ....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : BullSheetRules
Dear sanju786,
There is no SET time period for length of bear markets! That depends on how those BUYers of those stocks would like to play the GAME! Highly ACTIVE or highly PASSIVE! :)
For example: All stocks with certain section of PLAYers only, then it is quite easy to take the PRICE to a very high levels within a short time even though that may look difficult at high level! :)
Note: Just like in Bear market stocks get highly UNDERVALUED, so is the case in BULL Market with respect to overvaluation! So even if Nifty goes to 5000+ level, many stocks may result in crossing their all time highs!
Let us hope DOW goes down heavily TODAY and remain above 8100 for all practical purposes in order to play that December RALLY GAME better! :)
Let us hope BIG PLAYers continue to PLAY the GAME sensibly!
Let us see! :)
Gud luk & happy investing!:)
with present flow of news with dow around 8k +/- 200 points should be a strong support .for nifty and sensex 2500 and 8k should be it . call it intermediate bottom if u will .
It can go to 1900 or even lower , the question is when and how .
Like we say , these level have things priced in !
pls also note rate cut by RBI and some more action on bail outs are pending .if that happens first and before dec mid , sell as we close to 3k at nifty
at fundamental level we need a bigger shock this time to do sure selling and wait for 6k levels + at dow .
US hasnt formally accpected the dirt yet .So havent we . Wait for more surprises and we might see IT stalwarts getting exposed and leading the fall !
the intresting point is if no govt action happens and december come close .thats where the hoarders get exposed .Expect earnings to be the news that triggers panic and then some biggies in US to fall .
and then see Infy tumble , RIL get down and ressurect etc .
and last note , dont dump maruti and HH and TataMotors yet ... automobile and its corporate is a diff ball game in india ! we are still and emotional country !
...
In reply to:
Strong resistance at 2850
Posted by : alokvarshney52
It looks that Nifty will again test the level of 2250. It may happen in this month also. This would be its second attempt. If it makes third attempt to test 2250, then Nifty will see 1900 level also. Currently Nifty is facing very strong resistance at 2850. Comments are welcome.
