Market Forecast
- Thread starter koshyssj
- Start date
Re: Market Forecast for 02.04.07
thanks tulika. but still the uncertainty regarding the reaction of the Indian market is there and difference of opinion is there regarding the markets performance tommorrow. i personally expect the market to behave negatively in the opening and if the asian markets trades positive, indian market may follow suit. i think this will be a good time for a brave investor to catch bank sector stocks especially icici and hdfc at lower levels. share ur opinion in this regard.
koshy
thanks tulika. but still the uncertainty regarding the reaction of the Indian market is there and difference of opinion is there regarding the markets performance tommorrow. i personally expect the market to behave negatively in the opening and if the asian markets trades positive, indian market may follow suit. i think this will be a good time for a brave investor to catch bank sector stocks especially icici and hdfc at lower levels. share ur opinion in this regard.
koshy
Market Forecast for 03.04.07
The market behaved just like what i have expected yesterday but the blood bath was so intense that almost all the high risk traders burned their fingers very badly in the wee hours.. The International markets are also showing the negative signs. I was constantly reminding all traders that the market is going through a bear phase and one should keep exiting in the relief rallies. If the sensex fails to hold on to the support level of 12300 in the coming days, one will see another round of blood bath which will take the sensex to the levels of 10800-11200. For the nifty, the lower targets of 3505 or 3328 are imminent if it fails to hold on the level of 3610 in the coming days.. if the nifty succeeds to hold on to the level of 3821 on a closing basis in the coming days, another round of relief rally can be witnessed in the market.
Today, the market will open flat or gap up by 25-55 points and if it remains above 3680+ keep long with a SL of 3665 for 3725-3760 and if it remains below 3675, go short with SL 3690 for a target of 3560-3495. Due to the intense blood bath, market is expected to bounce back today. Since no clear direction has been emerged, i advice all to better stay away from the market just because the markets are not conducive for trading or investment.
The market behaved just like what i have expected yesterday but the blood bath was so intense that almost all the high risk traders burned their fingers very badly in the wee hours.. The International markets are also showing the negative signs. I was constantly reminding all traders that the market is going through a bear phase and one should keep exiting in the relief rallies. If the sensex fails to hold on to the support level of 12300 in the coming days, one will see another round of blood bath which will take the sensex to the levels of 10800-11200. For the nifty, the lower targets of 3505 or 3328 are imminent if it fails to hold on the level of 3610 in the coming days.. if the nifty succeeds to hold on to the level of 3821 on a closing basis in the coming days, another round of relief rally can be witnessed in the market.
Today, the market will open flat or gap up by 25-55 points and if it remains above 3680+ keep long with a SL of 3665 for 3725-3760 and if it remains below 3675, go short with SL 3690 for a target of 3560-3495. Due to the intense blood bath, market is expected to bounce back today. Since no clear direction has been emerged, i advice all to better stay away from the market just because the markets are not conducive for trading or investment.
Re: Market Forecast for 03.04.07
In line with positive Asian market, market is expected to open in positive zone.If it sustain to remain positive for first 1 hr of trade, long position can be taken (only intraday). I think downtrend is not over, so no long position should be carried forward.
Trade wise, trade well, make money (if possible)
In line with positive Asian market, market is expected to open in positive zone.If it sustain to remain positive for first 1 hr of trade, long position can be taken (only intraday). I think downtrend is not over, so no long position should be carried forward.
Trade wise, trade well, make money (if possible)
Re: Market Forecast for 03.04.07
For additional information, which is very critical.
Yesterday market touch DMA200 which is consider as very sensitive, already market has touch two times to DMA200 and yesterday is third time,
if today market closed below yesterday's low, then UP trend is dead and signal for downtrend, Uptill now above DMA200 UP trend was intact..But today market is in very critical point of decission,
India growth story is intact or false, today market will give view,
The market behaved just like what i have expected yesterday but the blood bath was so intense that almost all the high risk traders burned their fingers very badly in the wee hours.. The International markets are also showing the negative signs. I was constantly reminding all traders that the market is going through a bear phase and one should keep exiting in the relief rallies. If the sensex fails to hold on to the support level of 12300 in the coming days, one will see another round of blood bath which will take the sensex to the levels of 10800-11200. For the nifty, the lower targets of 3505 or 3328 are imminent if it fails to hold on the level of 3610 in the coming days.. if the nifty succeeds to hold on to the level of 3821 on a closing basis in the coming days, another round of relief rally can be witnessed in the market.
Today, the market will open flat or gap up by 25-55 points and if it remains above 3680+ keep long with a SL of 3665 for 3725-3760 and if it remains below 3675, go short with SL 3690 for a target of 3560-3495. Due to the intense blood bath, market is expected to bounce back today. Since no clear direction has been emerged, i advice all to better stay away from the market just because the markets are not conducive for trading or investment.
Today, the market will open flat or gap up by 25-55 points and if it remains above 3680+ keep long with a SL of 3665 for 3725-3760 and if it remains below 3675, go short with SL 3690 for a target of 3560-3495. Due to the intense blood bath, market is expected to bounce back today. Since no clear direction has been emerged, i advice all to better stay away from the market just because the markets are not conducive for trading or investment.
Yesterday market touch DMA200 which is consider as very sensitive, already market has touch two times to DMA200 and yesterday is third time,
if today market closed below yesterday's low, then UP trend is dead and signal for downtrend, Uptill now above DMA200 UP trend was intact..But today market is in very critical point of decission,
India growth story is intact or false, today market will give view,
Last edited:
B
Re: Market Forecast for 03.04.07
All these DMA's and all tech terms are total crap. This is all just a theory. I am not saying market will be bullish or bearish...but it's all about investor emotions, so try to judge the market directions by investor emotions and not by DMAs and all that crap. When you invest in any stock, try to judge the investor feeling around that, not DMAs and ABCs. I have never given a damn to all these support, resistance, DMAs, RSI and all that jargon and doing pretty well. This is just my opinion.
All these DMA's and all tech terms are total crap. This is all just a theory. I am not saying market will be bullish or bearish...but it's all about investor emotions, so try to judge the market directions by investor emotions and not by DMAs and all that crap. When you invest in any stock, try to judge the investor feeling around that, not DMAs and ABCs. I have never given a damn to all these support, resistance, DMAs, RSI and all that jargon and doing pretty well. This is just my opinion.
Re: Market Forecast for 03.04.07
Hi Buy2gain,
Pl check your Nifty chart. Put DMA200 (SMA200 daily chart) on nifty daily chart and see what market has done. DAM200 is tool to read investor emotions. here is the link on DMA200 http://www.tradingmarkets.com/.site...ingMarkets--Trading-with-Paul-Sabo-031507.cfm
Hi Buy2gain,
Pl check your Nifty chart. Put DMA200 (SMA200 daily chart) on nifty daily chart and see what market has done. DAM200 is tool to read investor emotions. here is the link on DMA200 http://www.tradingmarkets.com/.site...ingMarkets--Trading-with-Paul-Sabo-031507.cfm
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