Market Forecast

[koshyssj]

Market Forecast for 16.04.07

The market behaved positively on Friday and the bulls had their laugh. All the sectors gained during the bull run and nifty gained 2.28%. But one most note that it is not all over for the bears. The Nifty will face stiff resistance at 3924.55 and the bears will take this opportunity to take the nifty back to 3900-. If the nifty closes below 3812, the bears will have a laugh since the market is technically in a overbought zone and one day will be enough for the bears to reverse the gains of the last week..

On 16.04.2007, opening will be flat to gap up by around 35-50 points,and if it remains above 3915+ keep long with SL of 3900 for 3960-3990 and if it breaks and remains below 3900 go short with SL 3915 for a downward target of 3880- 3850. The market is expected to be in the grip of bulls and if it breaks 3980 on a closing basis, then we can expect some new highs soon. Since 16.04.07 is expected to be a trend decider day, i request all investors to trade in the market with utmost caution and safety. please follow safe trading practices.... SAFE TRADING.....

 

[koshyssj]

Market Forecast for 17.04.07

As said, the market decided its way for the time being. it may scale new heights in the coming days.. but investors beware.. market may show some profit booking when sensex crosses 13800....

Today, the market will open flat or up with positive trend, and if it remains above 3985+ keep long with SL of 3950 for 4040-4085 and if it breaks and remains below 3960 go short with SL 3985 for a downward target of 3940- 3915. I request all to keep a keen watch on the market's behaviour and if it is showing some profit booking exit from all longs and buy at lower levels.... HAPPY INVESTING

 

[ricktan150]

I don't expect markets to correct up until the end of April in a meaningful way. The trend is still up based on cycle analysis. BSE will cross 14000 by/on Wednesday, some retracement on Thursday. Up again on Friday.

Today there maybe correction to 13625 level but it would be time to go long at that point. Safe trading!

 

[koshyssj]

I don't expect markets to correct up until the end of April in a meaningful way. The trend is still up based on cycle analysis. BSE will cross 14000 by/on Wednesday, some retracement on Thursday. Up again on Friday.

Today there maybe correction to 13625 level but it would be time to go long at that point. Safe trading!

hi ricktan,
please see my advice that the market may see profit booking at the level of 13800. it got down to end the day at 13607, exactly as per my expectations. i admit that the trend is still up but i am still doubtful about your view that the sensex will cross 14000 tomorrow. i think the today's correction is good for the market. but i dont think that it is still mature to give a call for long....

i request other members also to comment on this subject...

koshy

 

[ricktan150]

Koshy:
13600-625 was my expectation as well for Tuesday, please refer back to my post. As long as 13550-75 zone is held, the markets should hit 14K between Wed-Fri. That is my stance. Hope that clarifies.

 

[koshyssj]

Koshy:
13600-625 was my expectation as well for Tuesday, please refer back to my post. As long as 13550-75 zone is held, the markets should hit 14K between Wed-Fri. That is my stance. Hope that clarifies.

hi ricktan

i also hold that view... thanks for the reply...

koshy

 

[jineshsutaria]

Technically it has been a gap up opening... So intraday low of 13425 is very much a possibility... and that to my view would be a strong support to buy..

Stocks on my radar for tomm:
Dabur, EIH, Jyoti Structure..

Good day!!

 

[koshyssj]

Market Forecast for 18.04.07

Exactly as per my expectations, the market experienced profit booking at higher levels and all those who bought at higher levels, lost their hard earned money, especially those who bought ICRA at higher levels.Tomorrow will also be a decider day for the market. it will decide whether the bears will take charge or the bulls. if the market sustains below 3985-, then the bears will have their laugh over the bulls for the time being.

The market will open flat or up, and if it remains above 3985+ keep long with SL of 3945 for 4040-4085 and if it breaks and remains below 3960 go short with SL 3985 for a downward target of 3940- 3915. Since the market is expected to be volatile with positive bias, I advise all to stay away from the market. High risk traders can enjoy the roller coaster ride and make money... SAFE TRADING

 

[koshyssj]

Market Forecast for 19.04.07

Today the market behaved as per my expected lines and i hope that the traders has enjoyed the roller coaster ride. But my expectation that the market will decide its further way went wrong today.. this was probably due to the not so exciting global markets. If the market remains in this range bound zone, one can expect a small correction or a further upmove in the days to come.. Todays behavior of the market shows that it wants to stay in a sideways corrective range between 13400-13800 in sensex and between 3950-4045 for nifty spot, before breaking out for the next possible uptrend.

On 19.04.2007, the market will open flat or up with positive bias and if it remains above 4015+ keep long with SL of 4005 for 4045-4075 and if it breaks and remains below 4000 go short with SL 4015 for a downward target of 3980- 3955. Market is expected to be volatile with positive trend tomorrow and once again the risky traders can enjoy the roller coaster ride. I advise all to use the dips in the market due to profit booking as an opportunity to take fresh longs except in tech stocks.. HAPPY & SAFE TRADING

 

[koshyssj]

Market Forecast for 20.04.07

The great battle between the bulls and bears is going on and today also, the bulls fought well. But the battle is not going to end soon and the bears has to wait for some more time since the bulls are very much confident at the lower support levels. Today, my expectation of a positive bias went wrong but the expectation of a small correction came true. Also, the market remained in the sideways corrective range. Weak global cues and heavy selling pressure at higher levels is taking the market for a roller coaster ride and this phenomenon will continue for some more time.

Tomorrow, the market may open flat or gap up with mixed bias and if it remains above 3985+ keep long with SL of 3965 for 4035-4065 and if it breaks and remains below 3980 go short with SL 3995 for a downward target of 3950- 3905. Once again the risky traders can enjoy the roller coaster ride and those who want to go long, can buy at dips. But i advise all to adopt wait,watch & trade policy since the market is expected to react to global cues rather than Indian sentiments and results. SAFE TRADING