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rk_a2003
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Post: #4981  Posted: Fri Sep 07, 2012 3:44 pm Post subject: |
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Almost all Asian indices including India closed at/near day high. The case was same with Europe and US markets yesterday. Weakness is not going to popup at least in near term. It could be limited to individual scrip’s.
The liquidity flood gates are opened. The flood is not going to recede till you vexed up. |
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psalm
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Joined: 12 Nov 2011
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| Post: #4982 Posted: Fri Sep 07, 2012 4:16 pm Post subject: |
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| rk_a2003 wrote: | Almost all Asian indices including India closed at/near day high. The case was same with Europe and US markets yesterday. Weakness is not going to popup at least in near term. It could be limited to individual scrip’s.
The liquidity flood gates are opened. The flood is not going to recede till you vexed up. |
I completely agree with you that the situation is pretty grim for the bears....but look at the following charts of DOW and Dollar Index.....Even after yesterday's big upmove, DOW has still not given any BUY signal in the long term charts. There is good chance of that happening soon though. But till that time, its pretty difficult to be bullish for me. Anyway, as I have mentioned earlier, I might miss the bus, but its better to be left out than going LONG. Similarly, for the dollar index, 200SMA has always been a good support or resistance. In the past one year, the index was able to break below that only once. That was in October last year. Currently, 200SMA is at 80.7. The low made by the Dollar index at this point of time is at 80.854. That means the index is very much near its support. The index may broke below 80.7 or 80.6. But till that time, its better to be cautious. |
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apka
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| Post: #4983 Posted: Fri Sep 07, 2012 5:05 pm Post subject: |
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I think the upcoming case decision about germany on 12th Sept, wednesday will decide the next course of short-medium trend.
| Quote: |
Germany's Constitutional Court holds the fate of the euro in its hands when it rules next week on whether a crucial euro zone financial rescue fund can go ahead.
Twenty German legal experts unanimous in Reuters poll that top court will not block ESM and fiscal pact
⋅ Experts say German Constitutional Court will qualify approval
⋅ 12 of 20 experts say court will impose far-reaching conditions
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apka
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| Post: #4984 Posted: Fri Sep 07, 2012 6:13 pm Post subject: |
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check it out, Dollar Index cracked to 80.50.
EUR blasting. |
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vinay28
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Joined: 24 Dec 2010
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| Post: #4985 Posted: Fri Sep 07, 2012 8:40 pm Post subject: |
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| 80.20. Commodities should dive |
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apka
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| Post: #4986 Posted: Fri Sep 07, 2012 9:05 pm Post subject: |
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| vinay28 wrote: | | 80.20. Commodities should dive |
good for stocks, metal stocks? |
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vinay28
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| Post: #4987 Posted: Fri Sep 07, 2012 9:46 pm Post subject: |
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| If we are exporting then no but otherwise cost of firms will come down. Also, oil should come down. The million dollar question is how long will it last. One week or much more? |
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apka
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| Post: #4988 Posted: Fri Sep 07, 2012 10:39 pm Post subject: |
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| vinay28 wrote: | | If we are exporting then no but otherwise cost of firms will come down. Also, oil should come down. The million dollar question is how long will it last. One week or much more? |
I guess if german court favours the proposal of saving euro, then all feelings turn bullish with unlimited bond buying also being there. Enthusisim will return and i guess will sustain for atleast 2 quarters after which performances will be judged. Just trying to think as an fii investor.
On the other hand vix is scaring me, what scope of rise remains with such low vix. |
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apka
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| Post: #4989 Posted: Fri Sep 07, 2012 10:49 pm Post subject: |
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| on 1-12-2011 we saw 100 points gap up. After that we have barely seen 40-50 point gap ups maybe 3-4 times. Today was a bigger one 71 points after long time. |
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vinay28
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| Post: #4990 Posted: Sat Sep 08, 2012 11:50 am Post subject: |
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good attempt apka but you failed to think like a FII investor. More like an ETF.  |
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apka
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| Post: #4991 Posted: Sat Sep 08, 2012 2:20 pm Post subject: |
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| vinay28 wrote: | | good attempt apka but you failed to think like a FII investor. More like an ETF. |
haha, so what are "they" thinking? |
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vinay28
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| Post: #4992 Posted: Sat Sep 08, 2012 4:53 pm Post subject: |
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| apka, long only funds, which are very large in size lost in the last 5 years. So you can imagine. How can they leave India? |
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psalm
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Joined: 12 Nov 2011
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| Post: #4993 Posted: Mon Sep 10, 2012 1:35 pm Post subject: |
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| The market has opened around 5362 and is trading around 5350 after making a high of around 5375. Immediate support for the market is around 5347 below that 5332-5329 range could be tested. A break below 5329 levels could push the market to 5310 levels or even 5290 levels where it has its major support. On the upside, market may find some resistance in the range 5277-5286. A break above this range could push the market to 5405-5415 or even the recent highs around 5450 levels. At least one more big move looks possible in the global markets before the major events on 12th and 13th. Anyway, let's see. |
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psalm
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| Post: #4994 Posted: Tue Sep 11, 2012 9:29 am Post subject: |
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| Market is trading around the highs of the day, 5346, after opening around 5336. The high made as of now is around 5348 and the low made is around 5332. On the upside, immediate resistance is around 5347-4349, a break above that 5372 or even 5387 could be tested. If the market is able to break above 5387 levels (looks unlikely at this point of time), there is good chance of testing 5403 levels or even 5412 levels. Immediate support for the market is around 5330-5329 levels. Significant support for the market today is around 5313, below that we may test 5290 levels where it has its major support. I believe that we'll trade in a range 5313-5386 in today's session. Only a break of one of these levels will alter the sentiments of the market. |
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psalm
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Joined: 12 Nov 2011
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| Post: #4995 Posted: Tue Sep 11, 2012 2:14 pm Post subject: |
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| psalm wrote: | | Market is trading around the highs of the day, 5346, after opening around 5336. The high made as of now is around 5348 and the low made is around 5332. On the upside, immediate resistance is around 5347-4349, a break above that 5372 or even 5387 could be tested. If the market is able to break above 5387 levels (looks unlikely at this point of time), there is good chance of testing 5403 levels or even 5412 levels. Immediate support for the market is around 5330-5329 levels. Significant support for the market today is around 5313, below that we may test 5290 levels where it has its major support. I believe that we'll trade in a range 5313-5386 in today's session. Only a break of one of these levels will alter the sentiments of the market. |
Market is trading around 5383....I expect the market to face some resistance around 5386-5387 levels....but if broken, there is good chance of testing 5403 levels...or even slightly higher levels...but as of now, I feel that 5386-5387 levels should hold out...anyway, let's see... |
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