Market Forecast

Is this thread useful for you for deciding trading strategies?


  • Total voters
    26
  • Poll closed .
Market Forecast for 16.05.07

Today the markets opened flat with high volatility. all risky traders must have burnt their fingers again.. profit booking at higher levels seen throughout the day. Market is still yet to decide its way and the sentiments are still positive.

Tomorrow, the market may open flat or positive by 10-25 points with positive bias and if it remains above 4125, go long with SL of 4105 for a target of 4150-4180 and if it breaks and remains below 4120, go short with SL 4141 for a down ward target of 4095-4075. Since the market direction is still unclear, avoid fresh longs and trade intra-day only. please adopt wait, watch, trade and exit policy... risky traders mint money.. SAFE INVESTING:) :) :)
 
i sold arvind at 46.10 as u said but it paced so fast that i hv to think it wil go more up so i rebuy at 45.70

good news it closes 46.50

guide me here for wat should my targets be now? ......i m guessing its price to be 50 in 2-3 days , may b tomorrow


thanks

neerav
 
Dear Koshyssj,

Today I Sold Mphasis At 324/-, One Lot. Purchased Again At 317.5/- And Sold At 319.3/-

Thanks For Your Yesterdays Levels.

Prakash
 
i sold arvind at 46.10 as u said but it paced so fast that i hv to think it wil go more up so i rebuy at 45.70
good news it closes 46.50

guide me here for wat should my targets be now? ......i m guessing its price to be 50 in 2-3 days , may b tomorrow


thanks

neerav
dear neerav,
short term target for arvind mills is around 48.40. it has started giving uptrend signals from yesterday.. it may cross 50 in the near future if the market is up. but remember that if it trades below 45.55, then be careful with your positions.

koshy
 
where can i find u people chatting ...with intraday calls...i mean discussing and advices from seniors..where to login and chat ..can i know that please...cause for a very new member like me...i need to listen to those experts comments and discussions to gain some knowledge...can u help me in this ..plzz...
 

Similar threads