Market Forecast

[koshyssj]

Market Forecast for 30.07.07

Market remained under pressure from higher levels but as i have admitted earlier, i had not expected such a carnage in the market. More downslides are left but the reaction of the market towards RIL & SBI results may lift the market from another carnage. as of now, expect a carnage on monday too....

Tomorrow, market may open flat or negative with a huge gap down of 50-80 points, with mixed bias attached with high volatility and remain long above 4485 with SL 4465 for a tgt of 4540-4555. If it breaks and sustain below 4480 keep short with SL 4495 for tgt 4370-4345. wait for the market to stop the carnage....

 

[maxmak]

I think Technicals point to a lower direction (Trap) what has happened is pure Gap filling of earlier charts) with Fundamentally good results from SBI and Reliance. Anyone shorting the Market will be trapped.
As it is 542 is a huge fall. The Market should recover atleast 30% of the fall ie 150 points on Sensex. With good results. It can go upto 250 points up on the Sensex.
So expect a Weak opening. But dont be a Seller there as SBI and Reliance represent India and no other company can represent india better.
With this Results- I fell all the World will invest in India. Tommorow might be the day the World decides to offload and this will happen in August 1st.
My Indications are DONT be trapped or be short. Cover your tracks.
Best of luck for tommorow.

 

[maxmak]

offload = thier moneis on buying indian stocks.

 

[aroymkp]

I think Technicals point to a lower direction (Trap) what has happened is pure Gap filling of earlier charts) with Fundamentally good results from SBI and Reliance. Anyone shorting the Market will be trapped.
As it is 542 is a huge fall. The Market should recover atleast 30% of the fall ie 150 points on Sensex. With good results. It can go upto 250 points up on the Sensex.
So expect a Weak opening. But dont be a Seller there as SBI and Reliance represent India and no other company can represent india better.
With this Results- I fell all the World will invest in India. Tommorow might be the day the World decides to offload and this will happen in August 1st.
My Indications are DONT be trapped or be short. Cover your tracks.
Best of luck for tommorow.

Do you have large long positions? I hope your positions are not making you too bullish - just a thought

 

[maxmak]

Dear Friend
my equity investment is just 5% of my net worth.
Yesterday i bought big quantities and made money.
Rolled over 30% of positions.
Thank God he is merciful to me.
God bless

 

[koshyssj]

Market Forecast for 31.07.07

Market stopped its carange but could not sustain pressure at higher levels and it fell sharply in the last hour. The market has stopped its carnage and is now in a consolidation mood. Now, selling pressure will remain at higher levels still the market closes above 4515. One should think of going long only after the market closes above the said level of 4515.

Tomorrow, market may open flat or negative with a huge gap down of 50-80 points, with mixed bias attached with high volatility and remain long above 4445 with SL 4430 for a tgt of 4487-4515. If it breaks and sustain below 4440 keep short with SL 4465 for tgt 4398-4356. Trade intraday and mint money... dont go long for the time being.....safe investing

 

[darlingboy]

hi koshy bhai
i always regard your post and hats off to your service,,
but timmorow a negative gap of 50-80 points looks rare...i feel our mkt did a great job today..as lots of punditz declared a black monday..yeah there is caution coz of credit policy..but i think..and feel something positive should happen toms,,,
rest...depends on allmighty

regards...yeah...
relcapital is providing a great buying oopurtunity....so catch the bus at right time ...

 

[koshyssj]

hi koshy bhai
i always regard your post and hats off to your service,,
but timmorow a negative gap of 50-80 points looks rare...i feel our mkt did a great job today..as lots of punditz declared a black monday..yeah there is caution coz of credit policy..but i think..and feel something positive should happen toms,,,
rest...depends on allmighty

regards...yeah...
relcapital is providing a great buying oopurtunity....so catch the bus at right time ...

sorry darlingboy
it was an apparent error committed by me by posting the negative gap down of 50-80 points.. actually it was an error committed while posting the last part which usually i do the cut, copy, paste and correct and post.... sorry for that and correcting me....

it should be read as " Tomorrow, market may open flat or negative with mixed bias attached with high volatility and remain long above 4445 with SL 4430 for a tgt of 4487-4515. If it breaks and sustain below 4440 keep short with SL 4465 for tgt 4398-4356. Trade intraday and mint money... dont go long for the time being.....safe investing"

indian market showed that we are not always following the global market and yes, our market did a wonderful job again, eventhough it crashed in the late market cutting all the gains made throughout the day. today i expect the market to open on a negative note due to the fear of CRR & SLR issues and most probably the market will gain in the mid session.
thanks again for correcting me.. happy investing in reliance energy and reliance capital....
regards
koshy

 

[gandharvashu]

Nifty gann and fibonacci support in attachment, comments from u people on this whether it holds or not.

 

[darlingboy]

hi koshy bhai...
you and ashish bhai are the best person i like on traderji...
bang bang bang.....relcapital rocked today...
market fired and...bearish trend..i never thought it was there..
koshy bhai koi acchi si prediction lao kal ke liye...jus kidding

but any way...INDIA ROCKS