Market Forecast
- Thread starter koshyssj
- Start date
The market behaved just like what i've expected before i went for the official tour. i have advised all traders to kindly exit from all longs for the time being and hope that everybody benefited from that advise. The market remained highly volatile with mixed trends showing that both bulls and bears are in a stage of dilemma and the market has found strong support at 4030. I think that the bulls have taken enough rest and will be charging and one can expect the start of a bull run at any time from now, if the market stays above 4030.
Today, the market will open flat or gap up by 25-50 points, if it stays above 4065, keep long with SL 4050 for a target of 4100-4130 and if it breaks and sustain below 4055, go short with SL 4077 for a downward target of 4042-4018. Since the market direction is unclear, i advise all traders to kindly adopt wait, watch, trade and exit policy today.. Also, i advise all to kindly avoid going short and also think twice before making fresh deliveries...risky traders, use the volatility for making good cash..... HAPPY TRADING
Today, the market will open flat or gap up by 25-50 points, if it stays above 4065, keep long with SL 4050 for a target of 4100-4130 and if it breaks and sustain below 4055, go short with SL 4077 for a downward target of 4042-4018. Since the market direction is unclear, i advise all traders to kindly adopt wait, watch, trade and exit policy today.. Also, i advise all to kindly avoid going short and also think twice before making fresh deliveries...risky traders, use the volatility for making good cash..... HAPPY TRADING
Market Forecast for 10.05.07
The market behaved just like what i've expected before i went for the official tour. i have advised all traders to kindly reduce all longs for the time being and hope that everybody benefited from that advise. The market remained highly volatile with mixed trends showing that both bulls and bears are in a stage of dilemma and the market has found strong support at 4030. I think that the bulls have taken enough rest and will be charging and one can expect the start of a bull run at any time from now, if the market stays above 4030.
Today, the market will open flat or gap up by 35-50 points with positive trend because the news of US Fed leaving the interest rates unchanged at 5.25% will be a booster for the market. If it stays above 4065, keep long with SL 4050 for a target of 4100-4130 and if it breaks and sustain below 4055, go short with SL 4077 for a downward target of 4042-4018. Since the market direction is unclear, i advise all traders to kindly adopt wait, watch, trade and exit policy today.. Also, i advise all to kindly avoid going short and also think twice before making fresh deliveries...risky traders, use the volatility for making good cash..... HAPPY TRADING
The market behaved just like what i've expected before i went for the official tour. i have advised all traders to kindly reduce all longs for the time being and hope that everybody benefited from that advise. The market remained highly volatile with mixed trends showing that both bulls and bears are in a stage of dilemma and the market has found strong support at 4030. I think that the bulls have taken enough rest and will be charging and one can expect the start of a bull run at any time from now, if the market stays above 4030.
Today, the market will open flat or gap up by 35-50 points with positive trend because the news of US Fed leaving the interest rates unchanged at 5.25% will be a booster for the market. If it stays above 4065, keep long with SL 4050 for a target of 4100-4130 and if it breaks and sustain below 4055, go short with SL 4077 for a downward target of 4042-4018. Since the market direction is unclear, i advise all traders to kindly adopt wait, watch, trade and exit policy today.. Also, i advise all to kindly avoid going short and also think twice before making fresh deliveries...risky traders, use the volatility for making good cash..... HAPPY TRADING
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Thank you for your advise. Although I am a new member in ur form and truly speaking I am also new in the market as well. So any advise from you and other experience people is definitly goingto help me and people like me.
I am writing this for your advise on 3 scrips that I am holding for now in F@O sector. One is Tata Motors bought at 449 level, 2nd is Satyam Computers at 62.65 level and te third is Hindustan Construction Ltd at 109. I know HCC has gone very low and as a new player in this field i did not put stoloss at 104 or 105 that i should have.
But now please guide mefor all these shares and oblige,
Ashu
I am writing this for your advise on 3 scrips that I am holding for now in F@O sector. One is Tata Motors bought at 449 level, 2nd is Satyam Computers at 62.65 level and te third is Hindustan Construction Ltd at 109. I know HCC has gone very low and as a new player in this field i did not put stoloss at 104 or 105 that i should have.
But now please guide mefor all these shares and oblige,
Ashu
Market Forecast for 11.05.07
The market behaved exactly as per my expectations, but it failed to hold on in the positive territory in the last minutes due to heavy profit booking at higher levels. it seems that the bears will be in charge for the time being and the bulls will take charge only if the markets closes above 4097. The market is getting prepared to see a blood bath if it does not hold to 4030 tommorrow. As one advertisement says" there is some reason for every one to pray", it seems that the market is searching for some bad news for becoming bearish and tommorrow the market will decide its way.
tomorrow, the markets will open flat or gap down by 25-55 points and if it remains above 4090, go long with SL of 4066 for a target of 4120-4136 and if it breaks and remains below 4072, go short with SL 4090 for a down ward target of 4020-3985. The markets is waiting for UP election results for deciding the way to be selected.. I advise all traders to stay away from the highly volatile market.. risky traders, keep your fingers crossed.... let us wait for the clear market direction.... if the markets falls heavily, make it as an opportunity to grab good shares at dips....
The market behaved exactly as per my expectations, but it failed to hold on in the positive territory in the last minutes due to heavy profit booking at higher levels. it seems that the bears will be in charge for the time being and the bulls will take charge only if the markets closes above 4097. The market is getting prepared to see a blood bath if it does not hold to 4030 tommorrow. As one advertisement says" there is some reason for every one to pray", it seems that the market is searching for some bad news for becoming bearish and tommorrow the market will decide its way.
tomorrow, the markets will open flat or gap down by 25-55 points and if it remains above 4090, go long with SL of 4066 for a target of 4120-4136 and if it breaks and remains below 4072, go short with SL 4090 for a down ward target of 4020-3985. The markets is waiting for UP election results for deciding the way to be selected.. I advise all traders to stay away from the highly volatile market.. risky traders, keep your fingers crossed.... let us wait for the clear market direction.... if the markets falls heavily, make it as an opportunity to grab good shares at dips....
hi ashu,
Regarding your querries, let me tell u that the comments made by me here is purely based on the technicals and the final decision will have to be taken by you only. My comments on the scrips are as follows:
Tata Motors- if u have bought it at 449 levels, its high time for u to book profits and exit. if u have purchased it at 749 levels, it is currently in a downward trend and immediate target is at 738 levels on uptrend and downward target of 699. Always put strict stoplosses. I advise you to carryover the contract to next month.
Satyam Computers- if u have purchased it at 462.65 levels, u can hold it for a short term target of 470+ levels since it is currently on a uptrend. for long term, exit and buy at dips....
HCC- i Think that u made a mistake by avoiding stop loss. it is also in a down ward trend and it may go down to 89.85 levels. it will be better to carryover the contract to next month for a safe exit.
Dont think that putting stoploss is a mistake.. it can minimise the trading loss.. take decision wisely in future...
koshy
Regarding your querries, let me tell u that the comments made by me here is purely based on the technicals and the final decision will have to be taken by you only. My comments on the scrips are as follows:
Tata Motors- if u have bought it at 449 levels, its high time for u to book profits and exit. if u have purchased it at 749 levels, it is currently in a downward trend and immediate target is at 738 levels on uptrend and downward target of 699. Always put strict stoplosses. I advise you to carryover the contract to next month.
Satyam Computers- if u have purchased it at 462.65 levels, u can hold it for a short term target of 470+ levels since it is currently on a uptrend. for long term, exit and buy at dips....
HCC- i Think that u made a mistake by avoiding stop loss. it is also in a down ward trend and it may go down to 89.85 levels. it will be better to carryover the contract to next month for a safe exit.
Dont think that putting stoploss is a mistake.. it can minimise the trading loss.. take decision wisely in future...
koshy
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