iCharts Discussions

[rsnagesh]

FORECASTED SENSEX LEVELS FOR THE YEAR 2007-2008.:

AS FAR AS THE FORECASTING FOR THE YEAR 2007 - 2008 ON THE SENSEX IS CONCERNED, IT CAN TOUCH A HIGH OF 18758.85 ON AN INTRADAY HIGH PERSPECTIVE AND CAN CLOSE WITH A HIGH OF 17470.62 WHICH IS GOING TO BE THE MAXIMUM HIGH RECOGNISED FOR THE SENSEX. SO, ONE CAN TRADE BASED ON THE ABOVE PARAMETERS AND ONE CAN BENEFIT OUT OF IT AND BOOK PROFIT ACCORDINGLY. AFTER HITTING THE ABOVE HIGH, SENSEX CAN FALL TO AN EXTENT OF 12612.38 AND WILL HAVE A VERY VERY STRONG SUPPORT AND THEN BOUNCE BACK FROM THIS LEVEL.

THIS CAN BE POSSIBLE PROVIDED, IF THE SENSEX WOULD BROKEN OUT AN INTERMEDIATE AND STRONG SUPPORT LEVEL BETWEEN 12612.38 AND 13281.27. AT THIS POINT OF LEVEL AN INVESTOR SHOULD TAKE A BOLD DECISION OF INVESTING 50% OF HIS INVESTMENT BETWEEN 12612.38 TO 13281.27 LEVELS. IF THE MAIN LEVEL OF SENSEX AT 12612.38 GET VIOLATED ON A CLOSING BASIS, THEN ONE CAN CONSIDER INVESTING THE BALANCE OF 50% AFTER WITNESSING THE LEVEL OF 11302.78. AT THIS LEVEL ONE SHOULD BE FULLY GET INVESTED IN THE MARKET. IF AN INVESTOR CAN ADOPT THE ABOVE ENTRY AND EXIT LEVEL ON SENSEX ON ANY SPECIFIC SCRIPT, ONE WILL TAKE HOME AN ABSOLUTE GAIN OF 35.23% AND 64.49% BASED ON THE BOTTOM FISHING METHOD. ACCORDING TO THE ABOVE
PRESUMPTIONS, AN INVESTOR WILL GENERATE A NET RETURN OF 99.72% WHICH IS TAKE HOME SENSEX RETURNS. AT THE SAME TIME, SENSEX ALONE CAN GENERATE A NET TAKE HOME RETURN OF 38.64% BASED ON THE YEAR END CLOSE OF 13786.91 ACCOUNTED ON 29-12-2006. THIS STUDY IS PURELY BASED ON TECHNICALS WITH LITTLE BIT OF FUNDAMENTALS TAKING INTO CONSIDERATION.


HOPE THIS STUDY AND INTERPRETATION WILL GIVE MUCH CONFIDENCE TO AN INVESTOR AND WILL HAVE A REWARDING RICH EXPERIENCE IN THE YEAR AHEAD.


A STUDY BY R.S. NAGESH


[b]SOURCES.: 1) EXCHANGES AND SEBI WEBSITES.

2) SENSEX EPS HAS BEEN FORECASTED WITH THE YEAR ON
YEAR GROWTH RATE OF 23.08%. ON THE
ESCALATION FRONT.

3) THIS KIND OF FORECASTING HAS TO BE REVIEWED ON
EVERY FORTHCOMING QUARTERLY RESULTS OF SENSEX
COMPOSITE COMPANIES, PREVAILING SENTIMENTS,
TECHNICALS AND ALL SORT OF UNCERTAINTIES WHICH
WILL AFFECT AN UPTREND AND ALSO THE CURRENT &
FUTURE BULLISH MOMENTUM.

4) SENSEX AND THE NIFTY WOULD BE CLOSING AT
19114.61 AND 5296.26 ON OR BEFORE 29-02-2008
RESPECTIVELY.[/b]