Stocks To Keep A Close Eye On

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Stop loss hit on EOD basis, and i will exit tomorrow. Thanks for your instant response.
SaiVenkat,

Exit the stock if it breaches the low of thursday... that is Thursday's low acts as a stoploss now.

Thanks
 

SwingKing

Well-Known Member
Now Dow is 150 points down and so it looks like Friday will also be a correction mode for Indian markets.
As of now stocks are just reacting to a 'proposed' plan by the U.S. government which is due to be announced by Barack Obama. It could quite be that the stocks rally after the announcement (in case the news is good)... it has happened on several occassions before ... the Dow may be down now ... but its not yet out ... :)
 
As of now stocks are just reacting to a 'proposed' plan by the U.S. government which is due to be announced by Barack Obama. It could quite be that the stocks rally after the announcement (in case the news is good)... it has happened on several occassions before ... the Dow may be down now ... but its not yet out ... :)
The major problem is that the support for Dow in now 10230 and for FTSE is 5190 the December lows. The probability of it being breached is quite significant. I am exiting my positions tomorrow for sure. Only an announcement by China can save us now which would show that the interest rates haven't been changed or something along those lines.
 

SwingKing

Well-Known Member
The major problem is that the support for Dow in now 10230 and for FTSE is 5190 the December lows. The probability of it being breached is quite significant. I am exiting my positions tomorrow for sure. Only an announcement by China can save us now which would show that the interest rates haven't been changed or something along those lines.
The good news cannot come from China. Nimish, chinese economy is booming and so is their credit growth. What china is doing is trying to control the credit outburst. This is going to suck out lot of liquidity of the system. Over the few days, Asian markets were reasonable weak. Our market is catching up now. Let's hope people don't have too much leverage in the system.

Tc.
 
The good news cannot come from China. Nimish, chinese economy is booming and so is their credit growth. What china is doing is trying to control the credit outburst. This is going to suck out lot of liquidity of the system. Over the few days, Asian markets were reasonable weak. Our market is catching up now. Let's hope people don't have too much leverage in the system.

Tc.
First of all this is all bullshit that the financial transactions and creation of bubble lead to Economic or GDP growth. GDP growth in reality terms only takes into account productive credit in the economy that in reality is quite brilliant in China which is industrial, manufacturing and net new house built sales of existing house or buying shares is not counted in GDP aggregates. Plus I am not sure if you are aware of this to buy a land in China or a house in China if you already own one you need to put a 70% payment before getting a loan from the bank. Secondly sale of house other than the one you are living brings in tax rate of 50% or more. If easy credit would have provided growth US, UK and so called these western economies would have had 10% or more growth pre-recession.
And the other thing is India as with China is an emerging market if the Chinese government restricts the supply of credit by increasing the IRR then it would lead to a negative sentiment for Indian market as similar move would be expected in our markets thus putting pressure on our stock markets with the outflow of the FII money. Also increase in Interest rate would lead to a drop in prices of the paper and would provide a higher yield that would make the investors hungry for yield transfer money to these assets.
Lastly gone are the days when US was the everything now China is on track to be the second biggest economy and with it being turned into a fake depression the buying capacity of the western goods would go down hence the firms in US, Europe and other countries would suffer as China contributes to 38% of their trade. It also accounts for 6.4% of the total GDP growth registered by the world economy which is substantially huge. Hence I believe a Chinese injection of moderately low interest instead of almost free credit might change a lot of things.

And I agree with your US view about Obama and banks but I am not sure how that affects our markets as they are not involved in trading with the government money.
 

tazzking

Well-Known Member
Hi Tazzking,

5250 Is Not A Milestone.... & Wherever You May Have Heard Figures Of 3500 & 4000 Is Not Coming Any Time Soon...... Perhaps It Will Become More Difficult As We Scale Up.....

Any Correction At This Point Or Going Forward Will Only Be A Kneejerk Reaction To Any Policy Statement Made By RBI

We Should Be Able To See Nifty Reach 6700-7000 Levels In 2010


Happy & Safer Investing

SavantGarde
Savantji sir,

all market analyst talking about at least 15% down in nifty....so, if thats true we might see 4500 level again, as per data from edelweiss site...( edelweiss.in)


Symbol Expiry Date Strike Price Put TTQ Call TTQ Put Call Ratio

NIFTY Mar 25, 2010 4,500 1,96,750.00 200.00 983.75



http://edelweiss.in/Derivatives/PutCallDetail.aspx?strType=OPTIDX

please advice.......
 

Prabhan

Well-Known Member
Sirjee,
Please advise on Polaris, I have entered at 196 and cmp is 180. Took position because of results were good, but it is going in south direction. Should I hold it or offload this?
 
@Prabhan

I feel that 4960 levels is a good support and expect market to make an upmove.

If you are worried, better put a SL.
Hi,
Great analysis, thats what happened today. Fantastic.
thanks and regards
 
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