Market Forecast
- Thread starter koshyssj
- Start date
Market Forecast for 25.06.07
Market witnessed a very volatile session and it remained brutal.. use dips to buy fresh longs...if global markets perform well, indian markets will also follow suit and upper targets are still open..
Today, market will open flat or positive attached with high volatility and mixed bias and remain long above 4260 with SL 4245 for a tgt of 4274-4302. If it breaks and sustain below 4249 keep short with SL 4264 for tgt 4231-4215. Be careful with the positions.it's still not safe to take fresh longs at higher levels now..Please adopt wait, watch, trade and exit policy....
Market witnessed a very volatile session and it remained brutal.. use dips to buy fresh longs...if global markets perform well, indian markets will also follow suit and upper targets are still open..
Today, market will open flat or positive attached with high volatility and mixed bias and remain long above 4260 with SL 4245 for a tgt of 4274-4302. If it breaks and sustain below 4249 keep short with SL 4264 for tgt 4231-4215. Be careful with the positions.it's still not safe to take fresh longs at higher levels now..Please adopt wait, watch, trade and exit policy....
Re: Market Forecast for 25.06.07
Koshi
Some constructive criticism...
Contradictictory statements..
Risk to reward ratios not appealing..
General statements like... If the global markets do welll.... we all know that..
Reads more like a weather report....may be cloudy...may rain...
No offence... with more clarity the analysis would be good..
regards
Karthik
Koshi
Some constructive criticism...
Contradictictory statements..
Risk to reward ratios not appealing..
General statements like... If the global markets do welll.... we all know that..
Reads more like a weather report....may be cloudy...may rain...
No offence... with more clarity the analysis would be good..
regards
Karthik
Market Forecast for 27.06.07
Market witnessed a consolidation yesterday before the start of further upmove. today, the market will be highly volatile due to the expiry of F & O contracts tommorrow. Market have given a good buying pattern since last few days and upper targets of 4355+ are very near..
Today, market will open flat or positive attached with high volatility and mixed bias and remain long above 4280 with SL 4265 for a tgt of 4302-4324. If it breaks and sustain below 4275 keep short with SL 4289 for tgt 4254-4231. Be careful with the positions. it's still not safe to take fresh longs at higher levels now..Also, it can be noted that stock specific manipulation is going on in the market and be careful not to get trapped in such stocks.Please adopt wait, watch, trade and exit policy....
Market witnessed a consolidation yesterday before the start of further upmove. today, the market will be highly volatile due to the expiry of F & O contracts tommorrow. Market have given a good buying pattern since last few days and upper targets of 4355+ are very near..
Today, market will open flat or positive attached with high volatility and mixed bias and remain long above 4280 with SL 4265 for a tgt of 4302-4324. If it breaks and sustain below 4275 keep short with SL 4289 for tgt 4254-4231. Be careful with the positions. it's still not safe to take fresh longs at higher levels now..Also, it can be noted that stock specific manipulation is going on in the market and be careful not to get trapped in such stocks.Please adopt wait, watch, trade and exit policy....
Re: Market Forecast for 25.06.07
dear karthik,
please note the words highlighted by u. it says that use dips to buy fresh longs.. (i've not stated that one should buy fresh longs at higher levels). Also, one cannot accurately predict the stock market. i am trying to give a broader outline for a day's market. Somedays, the indian market behaved extreme opposite to the international market, some times it follow suit.
Further, it has to be noted that certain stock specific manipulation is going on in the market and it only helps the market to rise artificially and it is not good for a healthy market. Eg: Praj Industries (look at it's behaviour yesterday- they tried to get out all the longs in the market by crashing it to 463 levels and after ensuring that almost all longs exited, they then took it back to 490+ levels in a short time - i was tracking this scrip for a few days now. from a high of 531+ they made it crash to 463 levels within a span of 4-5 days), IFCI (see the ban not lifted for almost two months- always under the ban), Shree Renuka sugars ( another stock specific manipulation- see the intraday charts for the last one week). These are all examples.. please check out for more..
Karthik, thanks for the constructive criticisms. That type of criticisms is what i need to correct myself. do post your views..
koshy
dear karthik,
please note the words highlighted by u. it says that use dips to buy fresh longs.. (i've not stated that one should buy fresh longs at higher levels). Also, one cannot accurately predict the stock market. i am trying to give a broader outline for a day's market. Somedays, the indian market behaved extreme opposite to the international market, some times it follow suit.
Further, it has to be noted that certain stock specific manipulation is going on in the market and it only helps the market to rise artificially and it is not good for a healthy market. Eg: Praj Industries (look at it's behaviour yesterday- they tried to get out all the longs in the market by crashing it to 463 levels and after ensuring that almost all longs exited, they then took it back to 490+ levels in a short time - i was tracking this scrip for a few days now. from a high of 531+ they made it crash to 463 levels within a span of 4-5 days), IFCI (see the ban not lifted for almost two months- always under the ban), Shree Renuka sugars ( another stock specific manipulation- see the intraday charts for the last one week). These are all examples.. please check out for more..
Karthik, thanks for the constructive criticisms. That type of criticisms is what i need to correct myself. do post your views..
koshy
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