Market Forecast

[koshyssj]

Market Forecast for 20.03.07

After a bear market last week, bulls had got a relief rally yesterday. The market remained positive throughout the day due to short recovery and also due to fresh buying in the index heavy weights. As i've written yesterday, the market is in consolidation zone and if we can hold above 3735 in the coming days, then a target of 3845 can be achieved easily.

Today the market may open flat and if it remains above 3665+ keep long with a stop loss of 3640 for 3700-3735. if it breaks below 3655 7 sustain below this level, go short with a SL of 3670 for target of 3635 & 3580. Since the yesterday's closing seems to be a relief rally, the same should be used to exit all longs as teh higher levels face heavy selling pressure. i advise the traders to play the wait & watch game as no buying signal has emerged in the market yet.

 

[koshyssj]

Market Forecast for 21.03.07

Markets failed to close above 3735 yesterday due to sharp selling at higher levels. But it still remains in the buying zone as the markets are oversold now. The international markets has been stabilized a bit and the Indian market has to follow suit and we have to watch the behaviour of the Asian markets for determining the way indian markets will perform today..Yesterday's closing seems to be a short relief rally to the bulls ,and it should be used to exit from longs as again needless to say that higher levels may face selling pressure.

Today opening will be flat and if it remains above 3705-keep long with a stop loss of 3695 for 3725-3750. A break below 3705-sustain below this level , go short with SL 3715 for target of 3675-then 3650. Looking at the High volatility, it is very difficult to earn money and i advise all to kindly avoid this market and wait for the clear direction to emerge....

 

[RAMDAS]

Re: Market Forecast for 19.03.07

A bull market does not cause slump in growth rate. It's always the other way round, actual or perceived.

Best Regards,
--Ashish

Shanghai Composite up 0.69% to an all time record high. Shanghai
Composite has made back all its losses from its +8% fall back in late February
that triggered the rush to cover carry trades.
Surprise ????? Stock Index which caused/trigger all stock exchange around world to heavy down. and now same index is making all time high. and all other index not recovered atlest 50% ???????, and Now once again Shanghai Composite will fall from top on profit booking and will pull all index down from already down. who is geting fool and who is smart.
No need to say, it is geting clear ... China geting super power ??????. In business win win situation is healthy..not win- loose

Thanks
Ramdas

 

[birdinfo]

By krsna Khandelwal - A Stock Market Vedic Theory proponent

Market is up by half a percent and is consolidating, if this phenomenon goes on for some time, the stage will be set for the upward move for about three months. Cement stocks have now stabilised and may see some quick strides upwards when the profits may be booked. The IT sector is giving very tough times to investors and are behaving in an out of character manner. One may reduce stake in this sector. The banking sector is OK for the time being . Pharma sector seem healthy as also the FMCG. The auto sector requires some breathing time to adjust to new reality of the higher interest rate regime. About the telecom sector I am not too certain right now, it has to be watched for some time coming to conclusion.

There is increasing interest amongst the public to invest in equities as they perceive markets at normal level and expect better returns over the coming year. The younger amongst the public are less risk averse too. This is a good sign as ultimately Indians in general have to have better participation in the equity markets, we have looked at the FIIs for direction for far too long and 2007 is different than 1997. There are many more decent income families now as well as the awareness about the market has increased and on top of every thing the convenience to invest and trade is perfect. MF industry has matured enough and corporate governance as well regulation of markets is far better today so after a lull the new thrust is naturally expected.

Hari Om

BIRDINFO Stock Rx - A Vedic Prescription for stock market

 

[koshyssj]

Market Forecast for 22.03.07

The market seems to be on a relief rally and it remained in the buying zone yesterday due to fresh buying in the heavy weights. As written by me earlier, the market is in an oversold condition and a bounce back was expected. More steam is left for the upside and if the market remains above 3735 we can expect a target of 3850 in the near future. The Indian markets are just following its international counterparts but with narrow volumes and each move in the international markets has to be watched cautiously.

Today opening will be flat and if it remains above 3750+ keep long with a stop loss of 3730 for 3795-3830. If it breaks below 3750- & sustain below this level, go short with SL 3770 for target of 3710-then 3650. Since the big players are in holiday mood, i expect the market to be in the bullish zone for today also. So, Make money today......

 

[koshyssj]

Market Forecast for 23.03.07

The Indian markets are just following their international counterparts. the market remained in the bullish zone due to fresh buying in some heavy weights. As i've written earlier, the market is still in an oversold condition and more steam is left for the upside. But, from today or in the coming days, i expect the bears to take the charge again. short sellers can think to go short now with given stop losses. Bears are expected to take charge at 3965 levels.

Today the market may open flat or gap up, and if it remains above 3850+ keep long with a SL of 3830 for 3910-3950. If it breaks below 3845- & sustain below this level , go short with SL 3865 for target of 3800-then 3775. Since i am not convinced about the yesterday's sharp bounce back, i advise all traders to keep a strict watch on the market and exit from all longs if the market take a turn around again..

 

[koshyssj]

Market Forecast for 26.03.07

As expected, the market could not withstand the attack of bears on Friday and it ended in red. Some more steam is left there for the bulls and the bears will take over once the Nifty reaches 3965. Since the market is in a crucial stage, no fresh longs should be initiated. If the nifty fails to cross 3928 or fails to hold to the level of 3885 today, one can see the bears taking over once again.

Today opening will be flat or negative and if it remains above 3870+ keep long with a stop loss of 3850 for 3890-3925 and if it breaks below 3865- & sustain below this level , go short with SL 3875 for target of 3840-then 3820. I advise all traders to adopt a wait and watch policy in this uncertain market...

 

[koshyssj]

Market Forecast for 28.03.07

The market behaved in a negative way on monday, as per the expected lines. The bears has taken control of the market and the same will continue for today also. International markets are weak and the crude prices are going up causing major worries for a higher inflation rate in the coming weeks. if the Nifty closes below 3768, the control of bulls over the market will be totally over and bears will take charge again making the market to go down to 3500 again. if this happens, it will be tougher for the market to claim new highs in the coming months.
Today market will open flat or gap down and if it remains above 3825+ keep long with a stop loss of 3810 for 3880-3925. Break below 3820- & sustain below this level , go short with SL 3835 for target of 3760-then 3705. I expect the market to remain highly volatile today with complete negative bias and request all traders to exit from longs if the market closes below 3805.

 

[koshyssj]

Market Forecast for 29.03.07

The market behaved in the expected lines yesterday also... since nifty closed below 3768, the bears has taken control of the situation again.Since today is the expiry day for the F & O segment, more blood bath can be seen. if the market remains below 3720, a BLOOD BATH can be seen in the coming days..

Today market will open gap down (may be huge gap) and if it remains above 3780+ keep long with a stop loss of 3765 for 3810-3850. A break below 3770-& sustain below this level , go short with SL 3785 for target of 3735-then 3705. Some recovery can be seen today in the early hours but the market will be highly volatile. Since the market direction is unclear, i advise all traders to stay away from the bull-bear trap market and wait for the new financial year to come....

 

[RAMDAS]

Re: Market Forecast for 29.03.07

Hi koshyssj,

This thread is interesting. i am sure most of the members read this thread.
We don't post on this thread since we are more interested in your forcast/ views.Pl keep posting.