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psalm
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Joined: 12 Nov 2011
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Post: #4576  Posted: Mon Aug 13, 2012 11:47 am Post subject: |
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| pkholla wrote: | | Sam. Thanks. Prakash Holla |
I still believe that the market could go down much lower from here....but for Long term investor, it will be a good chance to buy......who knows what will happen in the future.....we may see much much higher levels in a few years.....may be thats the time, they'll think about taking their money out....that's what I feel at this point of time (read as my hypothesis  ).... |
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psalm
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Joined: 12 Nov 2011
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| Post: #4577 Posted: Mon Aug 13, 2012 12:19 pm Post subject: |
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| psalm wrote: | | SBI has its major support in the range 1880-1860 range....below that the stock could be weak....If SBIN is weak, BankNifty and Nifty could be affected....watch out...current rate is around 1865 now... |
As expected, SBI has found some support around 1860 and bounced back....currently trading just below 1900 levels.....Immediate resistance for the stock is around 1930 levels...An interesting thing to note here is that even though SBI bounced back from the lows, the market has made a new low....anyway, let's wait and see how rest of the day's trade pans out....  |
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doctorshah
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Joined: 24 Jul 2011
Posts: 95
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| Post: #4578 Posted: Mon Aug 13, 2012 12:26 pm Post subject: |
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| brent crude above 114$ |
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psalm
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Joined: 12 Nov 2011
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| Post: #4579 Posted: Mon Aug 13, 2012 12:42 pm Post subject: |
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| doctorshah wrote: | | brent crude above 114$ |
Yup...trading around 114 now....Europe is trading slightly weak....while most of the Asian markets are flat to slightly negative.....An interesting thing, I have noted today is that Hang Seng has opened again very much like Thursday......That day around 20188 was the opening (Open High).....and then started going down....today as well..it opened around 20188 and started going down.....just an interesting fact...thats y shared... |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #4580 Posted: Mon Aug 13, 2012 2:14 pm Post subject: |
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European markets are going up after the announcement that the Italian Debt rises to €1.972 trillion in June from €1.966 trillion in May......That means the debt now stands at about 124% of its GDP.....Still the markets are rising......another news is that Angela Merkel is coming back from her vacation.....that means more probs for Europe......So will the market go up further??????  |
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pkholla
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Joined: 04 Nov 2010
Posts: 2890
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| Post: #4581 Posted: Mon Aug 13, 2012 2:18 pm Post subject: |
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| Sam : Burlesque-oni announces political come back and market rises! Maybe they foresee huge rise in demand for liquor and other o%^y items!!!! Prakash Holla |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #4582 Posted: Mon Aug 13, 2012 2:22 pm Post subject: |
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| pkholla wrote: | | Sam : Burlesque-oni announces political come back and market rises! Maybe they foresee huge rise in demand for liquor and other o%^y items!!!! Prakash Holla |
Old wine in new Bottle....Prakash.....another trick from the great magician.... ......This time, even Milan supporters wont vote for him... |
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sachin79
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Joined: 07 May 2011
Posts: 55
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| Post: #4583 Posted: Mon Aug 13, 2012 2:49 pm Post subject: |
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| ther was a falling wedge on 30mins chart..tgt 5365..stil believe 5440-5460 wil come before any meaningful dwnmove.. |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #4584 Posted: Mon Aug 13, 2012 2:56 pm Post subject: |
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| sachin79 wrote: | | ther was a falling wedge on 30mins chart..tgt 5365..stil believe 5440-5460 wil come before any meaningful dwnmove.. |
I have a feeling that the upmove may not be able to sustain.....cos, if the market moves again on the up tomorrow there is good chance of breaking above 5380 levels which doesn't look probable at this point of time......Having said that, a break above 5380 means market testing 5450-5500 levels....That's why I feel that the up-move is over...But as I mentioned earlier, if it sustains and moves up further, then your targets will be met easily...I feel....anyway, let's wait and see.... |
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psalm
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| Post: #4585 Posted: Mon Aug 13, 2012 3:02 pm Post subject: |
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| psalm wrote: | For the day, the market may find resistance in the range 5335-5350 range......The market will need at least 2 CLOSES above 5334 levels to have any sort of momentum on the upside. As long as we close below 5334 levels, the sentiments will be weak, I feel.....Immediate support for the market is around 5290 levels, below that we may test 5265-5270 range. Major support for the market is around 5240...if we break below that level convincingly.....the mood might change to bearish.....Current rate is around 5321 and the high made as of now is around 5329....Watch out...
Regards,
SAM |
We're almost at the end of the resistance range, I feel....so watch out.... |
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chandrujimrc
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Joined: 21 Apr 2009
Posts: 1683
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| Post: #4586 Posted: Mon Aug 13, 2012 3:08 pm Post subject: |
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| What ever happens in India and entire world,Fiis will not withdraw their money from India.Why?as per Baba Ramdev FII and FDI is nothing but our dirty politicians black money.What he said is obsolutely correct.They never withdraw even they are ready to invest further. |
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psalm
Black Belt
Joined: 12 Nov 2011
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| Post: #4587 Posted: Mon Aug 13, 2012 3:12 pm Post subject: |
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| chandrujimrc wrote: | | What ever happens in India and entire world,Fiis will not withdraw their money from India.Why?as per Baba Ramdev FII and FDI is nothing but our dirty politicians black money.What he said is obsolutely correct.They never withdraw even they are ready to invest further. |
Yes, that's quite right...a lot of money coming here as FIIs through Mauritius route are the money from here itself....Remember the Ambani(adag) case.... |
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sachin79
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Joined: 07 May 2011
Posts: 55
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| Post: #4588 Posted: Mon Aug 13, 2012 3:18 pm Post subject: |
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| we wil hav false break abv 5370-80 levels..trap laid by bears.. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4589 Posted: Mon Aug 13, 2012 3:24 pm Post subject: |
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| sachin79 wrote: | | we wil hav false break abv 5370-80 levels..trap laid by bears.. |
Let's see if there is any such a move tomorrow.... |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #4590 Posted: Mon Aug 13, 2012 3:39 pm Post subject: |
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| sachin first you mentioned 5450-60 and now you talk about false BO above 5370-80 |
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