Friends,
I again caution to all of you that please refrain from buying anything in market untill March end...Just become passive.......and see what market is doing and where it is going.....
No need to panic as well.This is part and parcel of stock market.....Sunny days are here to come.....but wait for that.....
hi rajeev,hope u r enjoying life in america, still u r keeping an eye on indian markets n have been giving valuable advice.what do u think of todays rally, is it the right time to invest or should we wait till march is over.
ReplyDeleteraima
i think today market will be up. Atleast 500+ point enjoy todays rally.
ReplyDeleteAhmed
Hi raima,
ReplyDeleteI think one should wait for March month to pass.I think one should not be in hurry to buy anything.
The levels I have suggested seems will be attianed.
If one is holding shares in profit , big profit and get in early in past, I think a small BP is also adviced.
e.g.I recomended XL Tele around 127 and if he is getting profit in that he should sell it.I think XL Tele can be available below 200!
Now, Raima, see this is absoluetly my view.I may prove wrong.
But stocks with high price with P/E over 10 are still to come down and hence I feel that market will seek lower levels.
My view of lower levels gets vindicated when after even a +400 point rally in US market our market didn't sustained to the gain it showed in morning...that means weakness has creptin our market....the Industrial Production nos again came weak for second time in a row....
So unless a rate cut in India, CRR cut,lending rate cut, etc happens ...we can't see a rally that can sustain and take us to new high.
Dear All,
ReplyDeleteby Looking all the -ve factor like
1. crude oil above 110.
2. all commodities are at there all time high.
3. Inflation is going up.
4. IIP fig. going dwn.
5. GDP going dwn.
6. subprime problem in india. (ICICI bank)
7. Job cuts in india.
8. 20% salary reduction in satyam.
9. Yen carry trade.
10. Election near future.
11. US recesstion.
12. Very week global market.
etc. etc.
I got the feeling like we are moving towards the bear market. And we may probably see much and much lower targate of 10000. I was thinking about this when market fall on 21,22. I had already indicated written in one of my post that we will be in bear phase for atleast three month but because of some seniers,technical analyst optimistic view i thought i am wrong because i don't have much experience yet still i am in learning phase.
what is members view?
Ahmed
Some more -ves.
ReplyDelete13. REality crash in US and UK.
14. FII's are selling heavily from last three month.
15. Expectation of crude touching 200$.
Ahmed
Some more -ves
ReplyDelete16.Bear Stearns Collapse;
17.The dollar slid to record lows against the euro and the Swiss franc and fell to the weakest in 12 years against the yen.
``This is a serious crisis,'' said David Goldman, senior portfolio strategist at Asteri Capital in New York and former head of debt research at Banc of America Securities LLC. ``Something is systemically very wrong and we're at a very dangerous moment.''
Ahmed
Dear all,
ReplyDeleteeasy way to find the multibagger. :)
Some bad hit stocks i have bought from this blog.
1. Artson engg bought at 90 now at 28 75%. so to again level the price it should rice 300% to level 90. buy it (multibagger).
2. jayaswal neco bought at 60 now at 28.
3. Allied comp bought at 60 now at 21. again multibagger
4. then converted some allied comp to southern online bio at same price around 34 now its at 22.
still i would like to advice investor don't sell any of ur holding just hold it for long term say 2 to 3 year u will get better return then FD. :)
Happy Trading
Ahmed
more -ves.
ReplyDelete18. Morgan Stanley sees the Bear Market culminate at 11022.
Ahmed
Let me post again one of my old post. (As i have given the bear signal well in advance)
ReplyDeleteDear All,
I don't know but i feel this time ur view would go wrong. i think there will be bear face in the market from here atleast for 3 month. Also i am very worried of allied comp. I bought it heavily at 63-61-54-45-44-42. but its continuous in LC i am in huge loss. now if there is 3 month bear face as my view is that than it can correct till 26 or 23,So i am thinking there is only one pullback remains and that rally we all should use to exit,after that market may correct till 12300. wats members view please share?
Ahmed
January 21, 2008 2:30 PM
so all my views are correct. so that means we are now heading towards 12300 or even below that.
Investor are adviced not to buy smallcap and some of the midcap stock.
Its better to start buying defensive bluechip stocks like.
1. SAIL
2. NTPC
3. L&T around 2000-2300
4. RIL below 2000.
5. Cipla
6. TISCO below 600
7. punjloyed
8. suzlon
some defensive midcaps at current level are.
1. supreme ind.
2. hcc.
3. cairn india
5. yuken india
6. ramsarup ind.
where dwnside is very low.
Ahmed
This blog looks interestig to me...
ReplyDeleteI am a amateur technical analyst and has been practising it since 1995...
As our markets have been showing some amount of coupling with the US markets, i was compelled to study the Dow Jones Industrial Avarage(DJIA) to get some clue about where the US markets are heading to. I was surprised when i checked the charts, the DJIA has formed a very powerful bearish pattern on the top and has broken downwards. The minimum target for this type of breakout is 10800 for the DJIA. If we remain coupled to the US markets them imagine the downside that sensex and Nifty see.
Sensex has already formed and broken downwards from 2 major bear patterns till now. We have aleady reached the downward targets for the 2 bearish patterns at 14600 reached on 18-Mar-08. If we break these levels sometime in the future we might be heading towards 12700 levels.
This is just my opinion based on my limited knowledge.. Please do not take this as an expert opinion.