Swine Flu, Monsoon Fears, Doubts about US recovery etc...

In the morning the crisis was severe. Dubai debt issue affected all Indian companies, by afternoon it eased a lot. All those companies which were affected maximum by Dubai scare were the ones which benefited from it. Yet another reason for market to go down and up. It is like any of those periodic fears like ...

Most of the times the experts either give a very conservative opinion or are misguided them selfs, so buddy the golden rule is "what goes up with get tired and then rush down with gravity". 4550-5080 now looks like its rushing towards 4800, experts also say "lower highs means higher lows" so that means we fell from 5180 to 4550 and then made a lower high of 5080, lets see if we fall more then 4550....

ok agreed every time every one cannot be right...

for example what we are witnessing inthe counter of godawari ispat is clear indication the people can invest in some stocks hoping for better results.I want to hear your corrections on my view.....

it appears that the investors has arrived at a conclusion that present Q2 results and valuations of stocks are good indicators showing good recovery from the depths of last year. hence showing interst to buy at present level.There is positive optimism on the next q earnings. hence this bull run is based on expectations .i personally feel the recovery in next quarter will be spectacular and we may not get many stocks at present cheap price range.hope some body agree. this bull run is unstoppable as confisdence is building up.i will not be surprised if this run goes beyond 19000 now....

Exactly...

Swine Flu, Monsoon Fears, Doubts about US recovery etc...

In the morning the crisis was severe. Dubai debt issue affected all Indian companies, by afternoon it eased a lot. All those companies which were affected maximum by Dubai scare were the ones which benefited from it. Yet another reason for market to go down and up. It is like any of those periodic fears like ...

In the morning the crisis was severe. Dubai debt issue affected all Indian companies, by afternoon it eased a lot. All those companies which were affected maximum by ...

700-740 level on a correction will be the bets time to make a new entry - ie deploy around 60-70% at that time. That level should hold unless there is a very deep correction. Keep a provision to buy at two more levels, either at the lower side or at the higher side depending on the market move. ...

I dont think they are going for anything major. Signing of `Green deal` press release talks about scope for collaboration on green technology and in interlinked areas like energy-efficient green buildings and renewable sources of energy, including solar and wind and bio mass. ...

Best candidate for shorts. No risk. Never ever goes up, only goes down. Though fundamentally strong, it seems there are no takers for this gem (Navaratna)....

Whenever the market runs ahead of valuations using methods based on earnings or book values or other ratios, replacement value method is cited to drive the prices up. This is not a universally accepted method of stock valuation. In any case, there are many Indian stocks which are far undervalued (think outside the heavyweights). They did not command better valuation because of recession fears. If the worst is behind, these cos will start getting fundamentally better. So market as a whole is not over-valued now....

1) Mkts end wk with over 5% cuts, experts see a rebound on Tue

2) Mkt won`t correct below 4500: Nilesh Shah, Ashwini Agarwal

Well, this is the latest from these experts. As I have been saying for the last 2 weeks, when FIIs turned net sellers makt has turned negative. These experts were giving supports at 5050-5000-4950-4880-4860-4800-4780-4750-4720-4700 etc and now talk about 4500-4400.
Whatever these technical analysts and the advice giving astrologers say, the downside in Indian market is decided by FIIs. If GS, CS, Citi, et al continue to sell the way they are doing it can easily be a repeat of Oct-2008. When they see that whatever support levels they say do not work, our experts will turn pessimistic and they will start giving only resistance level and downward targets. No one was saying about a possible downside so far, they were talking about 5200 and 5300. As I have been saying short term outlook turning negative, these people have been giving false hopes of support at various levels. The fact is - There is no support and resistance in Indian markets, it is all as decided by FIIs. That is it. Whoever can read their action can make money in short term, whoever is misled by these analysts will lose. We are too small a market for FIIs to easily manipulate. They do not sell after talking to AG etc. They decide the trend. We have to look at only that. ...

Pre-Market

Hemen Kapadia
Buy 4800 Call Option at Rs 120 with intra-day target of Rs 140 and stop loss of Rs 110, says Hemen Kapadia, technical analyst, on CNBC TV18

Nobody would have been able to buy as withing a few seconds of opening, the price was well above target and came down and never got to that again.

During market: Ashwani Gujral

The range for buying for the long term is 4600-4850, says Ashwani Gujral, technical analyst, on CNBC TV18. Nifty will find support at 4750 and now since pressure from overseas has lessened we could be moving towards 4850 and then 4930, he adds.


Closing strategy:

1) Buy 4800 call and 4600 put, says says Sudarshan Sukhani, technical analyst, on CNBC TV18, as closing market strategy.

2)In an F&O call, sell Nifty November futures with a target of 4530-4500 and stop loss of 4835, says Nitesh Chand, technical analyst, on CNBC Awaaz.

3) In an F&O call, sell Nifty November futures with a target of 4630-4603 and stop loss of 4860, says Manoj Sachdeva, technical analyst, on CNBC Awaaz.

4) In an F&O call, sell Nifty November futures with a target of 4670 and stop loss of 4760, says Parsh Zaveri, technical analyst, on CNBC Awaaz.

5) In an F&O call, buy Nifty November futures with a target of 4765-4810 and stop loss of 4680, says Jatindar Sharma, technical analyst, on CNBC Awaaz

6) In an F&O call, buy Nifty November futures with a target of 4850 and stop loss of 4685, says Hitesh Seth, technical analyst, on CNBC Awaaz.

Let us see how Indian markets open on Tue with two days `global cues`. When our market closes negative even when all other markets are hugely positive means sell-off from FIIs may continue....

Does technical analysis really work? As you may see the probability of success of the calls given by the experts is very less and almost always hits stop losses. So are they giving one view in TV and giving another to their clients? I would think so, otherwise they will not have so many followers!

I have a fair understanding of technical analysis. Though I have been able to make money in long term investments, I was not able to master intraday and short term trading even if I do technical analysis or follow these experts. Then I stopped being biased by the views of technical analysts. Now I do short term trading based on FII data and F&O internals from the tv news and eod F&O data from NSE. That has given better results in recent months.

I also assume there are now anti-technical traps set through algorithmic trading. For example, in July everyone in the world said it is Head & Shoulders pattern and Nifty has broken neckline. People started giving downside targets, then suddenly there is a pullback which came all of a sudden. I anticipated such moves in March and July and went long and was somewhat successful.

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Pre-Market

Ashwani Gujral

The Nifty will find strong support at 4780-4800, says Ashwani Gujral, technical analyst, on CNBC TV18. A pull-back rally is due which could take the Nifty to 4930, he adds. Luckily no traidng calls in Nifty were given, yesterday`s call hit stop loss again as on most days.

Closing:
Mitesh Thakkar

In an F&O call, buy Nifty November futures with a target of 4840 and stop loss of 4780, says Mitesh Thakkar, technical analyst, on CNBC Awaaz. Market is oversold and could see some recovery, he adds.

Logic is fine, but within minutes this hit stop-loss.

Sudarshan Sukhani
In an F&O call, buy Nifty November futures with a target of 4930 and stop loss of 4750, says Sudarshan Sukhani, technical analyst, on CNBC Awaaz.

This is in loss, but has not hit stop loss. Yesterday`s call hit stop loss.

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Pre Market:

Sudarshan Sukhani - Buy Nifty with target of 4925 and stop loss below 4800, says Sudarshan Sukhani, technical analyst, on CNBC TV18.

Would have hit stop loss if anyone followed this.

Ashwani Gujral

The market may open gap down today, says Ashwani Gujral, technical analyst, on CNBC Awaaz. He sees resistance for the Nifty at 4930 and support at 4780. Yesterday`s closing strategy would have hit stop loss, which no one asks.


Closing Strategy:

Ashwani Gujral

Buy Nifty 4900 November call with a target of Rs 150 and stop loss of Rs 50, says Ashwani Gujral, technical analyst, on CNBC TV18, as closing market strategy.

Manoj Sachdeva

In an F&O call, sell Nifty October futures with a target of 4790-4694 and stop loss of 4867, says Manoj Sachdeva, technical analyst, on CNBC Awaaz.

Neera Jain

Sell Nifty October futures with a target of 4810 and stop loss of 4960, says Neera Jain of crnindia com, on CNBC Awaaz. Market looks oversold, he adds.

If it is oversold, why short?

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