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Nifty View - November Series 2013 |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #31  Posted: Tue Nov 05, 2013 12:24 pm Post subject: |
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| saumya12 wrote: | | It seems Nifty forming CnH in 5/15 min etc tfs |
look like that |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #32 Posted: Tue Nov 05, 2013 12:24 pm Post subject: |
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| saumya12 wrote: | | It seems Nifty forming CnH in 5/15 min etc tfs |
First CnH target 6365
Second one target 6385
Just my opinion
Lets see
Take care
Ed: Its NF and not NS |
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saumya12
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Joined: 21 Dec 2011
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| Post: #33 Posted: Tue Nov 05, 2013 12:39 pm Post subject: |
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Third CnH formed
Target may be around 6425 NF
May be seems too much
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #34 Posted: Tue Nov 05, 2013 12:44 pm Post subject: |
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| saumya12 wrote: | Third CnH formed
Target may be around 6425 NF
May be seems too much
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nothing is too much when you post saumya! because you are 3 much!  |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #35 Posted: Tue Nov 05, 2013 1:53 pm Post subject: |
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| jhakkas saumya |
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beowulf
White Belt
Joined: 18 Aug 2010
Posts: 163
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| Post: #36 Posted: Tue Nov 05, 2013 2:01 pm Post subject: |
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Hi Saumya,
Whats the 'breakdown' point(s) for the CnH |
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saumya12
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Joined: 21 Dec 2011
Posts: 1509
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| Post: #37 Posted: Tue Nov 05, 2013 2:15 pm Post subject: |
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| vinay28 wrote: | | saumya12 wrote: | Third CnH formed
Target may be around 6425 NF
May be seems too much
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nothing is too much when you post saumya! because you are 3 much! |
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saumya12
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Joined: 21 Dec 2011
Posts: 1509
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| Post: #38 Posted: Tue Nov 05, 2013 2:16 pm Post subject: |
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| apka wrote: | | jhakkas saumya |
Thanks apka |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #39 Posted: Tue Nov 05, 2013 2:18 pm Post subject: |
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| beowulf wrote: | Hi Saumya,
Whats the 'breakdown' point(s) for the CnH |
First BD may be 6310 NF, have taken support here (currently)
Further, may be low of the day, 6284 NF
However, if it crosses 6325 then likely to move up |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #40 Posted: Tue Nov 05, 2013 5:22 pm Post subject: |
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| pkholla wrote: | | Due to objections, I have deleted this post, I dont want controversy. Anyone wants my Miner Fib projections of NS can please PM me. Jai Hind, Prakash Holla |
Prakash Holla..were the objections for writing that markets may come to 5630 which you had mentioned..if you felt so there was no need to delete the post...in one or two months your figures might turn about to be perfectly correct and markets may go further down then 5630..who knows. |
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suresh12313
White Belt
Joined: 07 May 2013
Posts: 89
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| Post: #41 Posted: Tue Nov 05, 2013 7:02 pm Post subject: PREDICTION |
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to my understanding prediction can go wrong.Just follow the market in steps and book profit.prediction and forecast are probability of happening and intensity and magnitude of price and duration will always vary.
as for now market is falling and next rising formation is not there.
you opinion |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #42 Posted: Tue Nov 05, 2013 7:11 pm Post subject: |
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Something I managed to find on the net.
Lots of comparison has been done with the highs that the markets scaled in 2008 and how they currently stand. P/E in first week of January 2008 was 28 times and price-to-book was 6.5 times while as on October 30, 2013 P/E 18 times and price to book 2.9 times. When you hear economy back to 7-8 percent growth, your P/E multiple can be 25-28 times by then and then the Sensex could scale the elusive 25000 plus levels.
Nifty saw the second biggest slide in January-March 2008 when GDP was at the higher end of 8.6 percent, while the biggest slide was seen in December 2008 when GDP was a mere 5.8 percent. Interestingly, when the GDP was at a similar level of 5.7 percent, Nifty saw the biggest jump in Apri-June 2009 quarter. Though this quarter was backed by the UPA-II coming back to the forefront. But there was a follow-up run of 18 percent in the next quarter (July-September 2009) when GDP rose to 9 percent representing a 'rare strong correlation' with the Nifty.
When the GDP in the past 22 months was at a sky high 11.2 percent the Nifty moved just 1 percent. Currently, we are at the lower end of the GDP band and are awaiting Q2FY14 GDP figure and though in July-September quarter Nifty is flattish, Q3FY14 GDP will be interesting as the Nifty is already up 10 percent in this quarter. |
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pkholla
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Joined: 04 Nov 2010
Posts: 2890
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| Post: #43 Posted: Tue Nov 05, 2013 7:31 pm Post subject: |
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| yashrahul wrote: | | Prakash Holla..were the objections for writing that markets may come to 5630 which you had mentioned..if you felt so there was no need to delete the post...in one or two months your figures might turn about to be perfectly correct and markets may go further down than 5630..who knows. |
Yes, thank you, Yash, but I repeat, if anyone wants they can PM me for Miner projections! You are correct about NS 5630 but that also, I repeat, is the IMMEDIATE (or next) target for Miner fib proj IF RECENT MARKET HIGH WAS THE HIGH FOR THIS PERIOD OF TRADING. I will keep on updating Miner calc based on market movement. Please do your independent assessment and trade. Regards, Prakash Holla |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #44 Posted: Tue Nov 05, 2013 10:14 pm Post subject: |
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| vinay28 wrote: | Something I managed to find on the net.
Lots of comparison has been done with the highs that the markets scaled in 2008 and how they currently stand. P/E in first week of January 2008 was 28 times and price-to-book was 6.5 times while as on October 30, 2013 P/E 18 times and price to book 2.9 times. When you hear economy back to 7-8 percent growth, your P/E multiple can be 25-28 times by then and then the Sensex could scale the elusive 25000 plus levels.
Nifty saw the second biggest slide in January-March 2008 when GDP was at the higher end of 8.6 percent, while the biggest slide was seen in December 2008 when GDP was a mere 5.8 percent. Interestingly, when the GDP was at a similar level of 5.7 percent, Nifty saw the biggest jump in Apri-June 2009 quarter. Though this quarter was backed by the UPA-II coming back to the forefront. But there was a follow-up run of 18 percent in the next quarter (July-September 2009) when GDP rose to 9 percent representing a 'rare strong correlation' with the Nifty.
When the GDP in the past 22 months was at a sky high 11.2 percent the Nifty moved just 1 percent. Currently, we are at the lower end of the GDP band and are awaiting Q2FY14 GDP figure and though in July-September quarter Nifty is flattish, Q3FY14 GDP will be interesting as the Nifty is already up 10 percent in this quarter. |
Interesting Vinay, thanks. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #45 Posted: Wed Nov 06, 2013 5:22 pm Post subject: |
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Vinay what are you carrying?
Rupee depreciation on the move again. |
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