Market Forecast

[tulika]

Re: Market Forecast for 09.04.07

Market remained in the positive mood on Thursday. Both bulls and bears were in a confused state throughout the whole trading session and selling was primarily due to the long holidays. Asian and Global markets remains in the positive mood and it may reflect in the Indian markets also, since the Indian ADR's ended the week in green. Market will remain in the positive zone with moderate volatility till it crosses 3821-3895 and before breaching 3715-3705. The resistance will be high at 3821 and the market may react very sharply at that level.

Opening on Monday will be flat to up by 15-35 points and if it remains above 3755+ Keep long with SL of 3740 for 3780-3805 and if it remains below 3730 go short with SL 3750 for a downward target of 3720-3675. Since the market is expected to behave positively, investors can have intra-day transactions keeping strict stop losses with a word of caution that all the traders must think twice if they intends to hold for long... HAPPY TRADING...

I also wish all fellow boarders a Very Happy Easter....

hello Koshy bhai,
any strategies for tommorow??

 

[koshyssj]

Re: Market Forecast for 09.04.07

hello Koshy bhai,
any strategies for tommorow??

tulika,
please wait...let me study first.... i think u've benefited from today's forecast...
please check out for my forecast latest by tommorrow morning.. i will try to post it by tonight itself...

koshy

 

[koshyssj]

Market Forecast for 10.04.07

As i've written earlier, the market at last broke the 3821 barrier on a closing basis with good volumes and has entered into a bull phase again with a new major resistance at 3901. I must confess that my expectation of resistance at 3821 went wrong. Almost all the sectors gained throughout the session and i hope that all fellow boarders who are seriously viewing my messages has gained a lot from that.

Market will remain positive till it reaches 3895 and afterwards it will face good resistance. On 04.04.07, i've written that one should not be surprised if the market stages a rally of around 200-250 points and today 90 more points has been gained and some more to come in the coming days.

On 10.04.2007, opening will be flat or gap up by 25-45 points and if it remains above 3825+ Keep long with SL of 3800 for 3875-3915 and if it remains below 3812 go short with SL 3850 for a downward target of 3776-3710. Sine the market has climbed around 321 points today, i advise all traders to kindly trade with strict stop losses since the market has rallied for 4 consecutive days and is expected to take rest. Also it will have a stiff resistance at 3900 levels.... I wish all a HAPPY TRADING

 

[koshyssj]

Market Forecast for 11.04.07

Yesterday, exactly as per my expectations, the market took some rest by swinging up and down and finally ending in a positive note. Intra-day traders would have a difficult day yesterday, since the market was swinging up and down throughout the day and taking wise investment decisions was a hilarious task. The mid caps outperformed front line stocks yesterday and the same will continue for some more days.

Today, opening will be flat or gap up by 10-35 points and if it remains above 3821+ Keep long with SL of 3810 for 3862-3905 and if it remains below 3815 go short with SL 3842 for a downward target of 3782-3720. Today will be a crucial day for the bulls and if the market fails to cross 3895+, then the bulls will be in trouble. Since the market took a rest yesterday, a further upward rally is expected today and investors can have intra-day transactions keeping strict stop losses with a word of caution that all the traders must think twice if they intends to hold for long... HAPPY TRADING...

 

[alok]

Good Work Koshy...
Keep it up.

 

[tulika]

Re: Market Forecast for 11.04.07

Thanks koshy bhai

 

[koshyssj]

Market Forecast for 12.04.07

The market behaved just like my expectations. it moved upwards but finally lost all its gains and ended just in green.. i think the morning trade has given a lot of gains to the investors.. Metal stocks, mid and small caps gained through out the day and it will remain like that for the coming days..

On 12.04.2007, opening will be flat or gap up by 05-35 points and if it remains above 3865+ keep long with SL of 3850 for 3875-3895 and if it remains below 3855 go short with SL 3875 for a downward target of 3840-3820. As the market is in a crucial position, please avoid fresh buying until and unless the market closes above 3895+ decisively. The market is likely to take a clear direction in the coming days and i advise all to adopt a wait, watch, play and exit policy and be careful.... TRADE SAFELY......

 

[uasish]

Hi,
Nifty Fut may fall to-day,yesterday in Intraday stocks like ICICI Bk ,RCOM ,Tisco (traded on those counters)was showing fatigue ,now the global & asian cues are disfavourable,so in this back drop ,along with a "Doji" in daily chart , it can be reasonably assumed that Nifty Fut may fall.But the weekly pattern a black candle ,with a long legged doji/hanging man & a white candle bestows strenght in the structure,hence the down side may be limited as there is only 2 days to end the weekly candle structure (Infy in between),so it is prudent to wait.How ever i may try to "Short" today,becoz of 1 simple logic ,instead of buying Put now(puerly for hedgeing) better to Short with a strict stop loss.The "Doji" & certain other indication is skewed to Shorting.Maybe VINCE may suggest buying OTM Put at 3750.

Level's:

Res= 3838.45 / 3808.20 / 3804.10
Supp= 3792.70 / 3786.85 / 3736.40 / 3730.70 / 3710.60
Max = 3755

Strategy:
On a bounce from Supp zone (3785 - 3795 ) will Short at 3804.10 SL = 3841
Tgt = 3755 / 3730

As here the Risk/Reward is not in favour hence i will do nothing
Rather alternate Strategy of trying a scalping at opening like a "pro"
floor trader,is best if my SL Short order at 9.56 gets filled in 3828.25 with
an instant SL Buy at 3841,then the Risk / Reward is better.
Will try the alternative strategy to-day.

Asish

 

[uasish]

Hi,
Mkt has its own way of telling me,my SL Sell order @3828.25 was not filled at 9.56 ,hence refrained from Shorting,the Low till now of Nifty Fut = 3795,on our Supp confluence zone,& bounced back to our Res conflunce zone 3804.10 to 3808.20 , & now trading at 3810.25 at 11.40 ,above the Res. Let us watch & wait.

Asish

 

[koshyssj]

Market Forecast for 13.04.07

The market today behaved negative as per the expected lines. I've advised all traders to avoid fresh buying today and exactly the same happened. Except IT index all indices ended in red. 've already written that if the market fails to reach 3895, one must think of a bear attack and the bulls has started booking their profits.

The market is expecting a good result of Infosys tommorow to kick start the results season and if it is not upto the expectations, it may disturb the flow of the market and a panic cannot be ruled out tomorrow. Due to this, higher levels is also not safe for the bulls for the time being. One can expect a good roller coaster ride tomorrow.

On 13.04.2007, opening will be flat or gap down by 35-75 points and if it remains above 3835+ keep long with SL of 3810 for 3860-3885 and if it remains below 3830 go short with SL 3845 for a downward target of 3805-3788. I advise all traders to stay away from the market until the market direction is clear and please take rest if the market is below 3815. Remember that the money you are loosing in the market is the hard earned money of yours and not of the bears and bulls in the highly volatile roller coaster ride of tomorrow... SAFE TRADING...