Market Forecast

[koshyssj]

Market Forecast for 21.05.07

Last trading session was choppy and the market remained in a range bound zone. i expect the market to consolidate in the coming days and the market may shed some 100 points. If the markets opens with a gap up, the bullish trend will continue otherwise some minor corrections may set in.

Opening will be flat to positive,remain long above 4212 with SL 4196 tgt 4243-4264.If it breaks and sustain below 4210 keep short with SL 4225 for tgt 4199-4168.Please use the dips to buy fresh longs instead of going short..

I once again request all members to use this advice judiciously and not take this forecast blindly..

 

[koshyssj]

Market forecast for 22.05.07

markets opened with a gap up and as expected the bullish trend will continue for the time being. But if the market fails to hold on to the present highs, a minor correction is expected.. Please be cautious

Tommorrow market will open flat or gap up with positive bias and remain long above 4255 with SL 4240 tgt 4280-4324.If it breaks and sustain below 4250 keep short with SL 4265 for tgt 4230-4208. Trade cautiously.....

 

[koshyssj]

Market forecast for 23.05.07

Markets are in a stage of dilemma.. it is overstretched but hovering around the breakout zone makes the common trader more confused.

Tommorrow market will open flat or gap up with positive bias and remain long above 4272 with SL 4252 tgt 4295-4314.If it breaks and sustain below 4265 keep short with SL 4275 for tgt 4250-4218.

 

[jaggy_ind]

Respected Kossyji,
I am though not much new to stock trading but still i consider myself as a novice player in the market as i m still at learning stage.
I respect ur views abt the market at present scenario.
At the same time i requested all honourable members to be a part of this thread with constructive suggestion and less critical because at least this gives a broad picture of future market.

i hope all members to be more cooperative as never before. Thanx n regards .

Jaggy

 

[uasish]

koshyssj,

Are you on tour ? Missing your forecast.

Asish

 

[koshyssj]

koshyssj,

Are you on tour ? Missing your forecast.

Asish

thanks ashish. i was not on a tour. i was bed ridden due to bad back pain and i missed all the activities for the last 5 days...... i am ok now and will continue to post the forecast.....

koshy

 

[koshyssj]

Market forecast for 28.05.07

Please see my posts for 21st and 22nd. As expected, market recovers after shedding around 100 points and the market is now poised to cross the life high in the coming days. Yesterday's low of 4141 will be very important for the market and it is to be noted that if this low is intact, bulls will have their say in the days to come.. watch out for the life high break outs.......

On 28.05.07 market will open flat or gap up by 15-45 points with positive bias and remain long above 4225 with SL 4205 tgt 4280-4304.If it breaks and sustain below 4225 keep short with SL 4235 for tgt 4170-4155. Market will be highly volatile and profit booking will be seen at higher levels. use dips to buy fresh longs... all traders mint money.

I request all critics & friends to join me in the celebrations... what do you think now about the indian market? is it poised to reach new highs? please share your valuable opinions......

 

[jaggy_ind]

Hi Kossyji,
Nice to see u back to this forum. Its sad to know abt ur problem . however ur spirit will always keep u going. Thanks for ut forecast .
God bless u.
Regards.

 

[uasish]

This one needs ur attention:=

http://www.traderji.com/91895-post1.html

 

[koshyssj]

This one needs ur attention:=

http://www.traderji.com/91895-post1.html

thanks uasish.. i've given my opinion to him.. express ur views also....

koshy