Market Forecast

[koshyssj]

Market Forecast for 07.08.07

The Dow syndrome worked perfectly with the india market today. Eventhough the market opened and fell sharply, it receovered in the late trade to minimise the losses for the day. The dow is now trading in green and we can see a relief rally tomorrow. If anybody is stuck badly in scrips, use this dead cat bounce as an oppurtunity to exit safely. I still advise all not to go long before the market closes above 4533. till then do intraday trade only

Tomorrow, market may open flat or positive with gap up of 30-40 points attached with high volatility and remain long only above 4340 with SL 4325 for a tgt of 4410-4454. If it remains below 4335 keep short with SL 4355 for tgt 4270-4245. Dont carry overnight positions till the nifty closes above 4533.. Till then,trade Intraday only....Mint Money..

 

[koshyssj]

Market Forecast for 08.08.07

The Dow just managed to close in green amidst high volatility during the mid sessions. The indian markets will follow suit today. Since the market weakened in the closing hours, after remaining rangebound throughout the day, it is still not advisable to go long before the market closes above 4533. till then do intraday trade only..


Today, market may open flat or positive attached with high volatility and mixed bias and remain long only above 4370 with SL 4355 for a tgt of 4400-4435. If it remains below 4362 keep short with SL 4375 for tgt 4330-4305. Dont carry overnight positions till the nifty closes above 4533.. Till then,trade Intraday only....Mint Money..

 

[koshyssj]

Market Forecast for 09.08.07

The Indian markets followed global cues yesterday and markets receovered sharply with all round buying in index heavy weights were seen. If the global cues remains positive, the market may touch 4550-4600+ levels in the coming days. Before going long, it is advised to be cautious at these levels.

Today, market may open flat or positive with gap up of 25-38 points attached with some volatility due to profit booking at higher levels and remain long only above 4440 with SL 4425 for a tgt of 4500-4545. If it remains below 4435 keep short with SL 4450 for tgt 4410-4385. Dont carry overnight positions if the nifty closes below 4533.. Happy Investing

 

[koshyssj]

Market Forecast for 10.08.07

The European melt down due to BNP Paribas issue rocked the indian market and it tanked heavily. The Dow is down by 387 points and the indian market is to follow suit today expect a carnage of 500-700 points today. Be cautious and avoid all longs for the time being....

Today, market may open flat or negative with gap down of 40-75 points attached with little volatility and remain long only above 4435 with SL 4418 for a tgt of 4485-4540. If it remains below 4430 keep short with SL 4450 for tgt 4350-4295. short and mint money will be the mantra for the day....

 

[koshyssj]

Market Forecast for 13.08.07

The market opened on a weak note on the last trading day and it remained under pressure except in the last hours, when the nifty recovered and managed to close at 4333.35. If the market closes below 4360, the bear regime will continue. go long only if the market closes above 4428.

Today, market may open flat or negative attached with little volatility and remain long only above 4330 with SL 4314 for a tgt of 4405-4438. If it remains below 4320 keep short with SL 4336 for tgt 4245-4215. dont short blindly. Play with the mood of the market and mint money will be the mantra for the day....

 

[koshyssj]

Market Forecast for 14.08.07

The indian market responded to the positive global cues and the Dow closed flat in red today and the indian markets to follow suit today. If the market closes above 4360 for two more days, the bulls will reign again provided the global cues are positive. Till then, think this rally due to a short receovery and exit all longs at every rise.

Today, market may open flat or positive attached with high volatility and remain long only above 4364 with SL 4348 for a tgt of 4405-4438. If it remains below 4360 keep short with SL 4375 for tgt 4335-4305. dont short blindly. Play with the mood of the market and mint money will be the mantra for the day.... Happy investing........

 

[koshyssj]

Market Forecast for 16.08.07

Market remained rangebound on th last trading session and it managed to closed above 4360, but with thin volumes. TYoday, the dow is down for the last two days and the indian markets will show panic today. One should not be surprised if the market opens down by around 100 points in nifty. It is advisable to exit all longs and wait for a clear direction to emerge

Today, market may open flat or negative with a gap down of 40-75 points attached with high volatility and remain long only above 4375 with SL 4358 for a tgt of 4400-4410. If it remains below 4370 keep short with SL 4385 for tgt 4350-4295. dont short blindly. Play with the mood of the market and mint money will be the mantra for the day.... Also, dont trade in the first few minutes of the day. wait for the market to stablize. Happy investing........

 

[koshyssj]

Market Forecast for 17.08.07

Market as expected crashed in a brutal way yesterday. The dow closed in flat but in red today and the indian market is expected to rebound today. Bears will use every dead cat bounce to hammer the market again and the bulls will have to try hard to regain their lost glory...Use every rise to escape from the market.

Today, market may open flat or positive attached with high volatility and remain long only above 4225 with SL 4208 for a tgt of 4310-4360. If it remains below 4220 keep short with SL 4238 for tgt 4110-4050. dont short blindly. Play with the mood of the market and mint money will be the mantra for the day.... Best wishes for a safe trading..

 

[dhiru19]

koshyaaj the status of asian markets dont suggest any optimistic outlook and market may crash even today.

 

[soody]

YEN carry trade UNWINDING is back!!!