How the market will react on monday? ( 22/10/2007)

[mmd1968]

hi,

Everyone is commenting the way markets behaved in past but it seems noone can accurately predict how the market will react in future will all that technical analysis on our hands.


let's play a small game.
we will select some stocks and the most learned men of the forum i.e. Legends like Saint. should predict where the stock will be heading for tomorrow/this week/this month. also give reasons and if possible charts for your prediction

i think this will also settle the debate about the usefullness or uselessness of technical analysis ( i am fully supportive of the fundamental analysis)

For starting let's select 6 indicators


1 .sensex.
2. Nifty
3 Powergrid
4. Sail
5. Alembic
6. reliance infra ( why is it that it hits daily uppercircuit of 5%)

regards
IndianZZ

I think it market will be very volitile rather down only till 31 oct 2007.From 1st Nov 2007 market will starts its journey towards 20000 new landmark.

regards

mmd1968.

 

[Saint]

let's play a small game.
we will select some stocks and the most learned men of the forum i.e. Legends like Saint. should predict where the stock will be heading for tomorrow/this week/this month. also give reasons and if possible charts for your prediction

Hi Indianzz,

Not had the pleasure of interacting with you before.....so first of all,a warm welcome to the forum,Hi!

First of all,not a legend.......not even interested in becoming one.

Secondly,no time at all for predictions,games,etc.....so humble apologies.Basically not concerned abt how far Sensex/Dow/HSI moves....can tell you though that from a intermed standpoint,this correction is setting up for another beautiful opportunity to go long,but not as yet.

Would love to help in some way.......and more bothered that those interested pick up "learning how 2 fish,rather than getting a fish here n there"......therefore within that same thread,sharing some Nifty trades on a daily basis.

All the best!
Saint