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Market Analysis - Technical View
Tracked by: 0 Boarder
Dear members please go through the next week trend analysis posted in Hindubusinessline.
Outlook
The sharp fall on Friday has made the recovery path for Nifty rather difficult. The sentiment has now turned slightly bearish. We expect the Nifty future to touch its immediate support level at around 4200-4250. A dip below 4200 has the potential to take it to a low of 3800 levels. On the upside, it faces a strong resistance at 4650, though in between 4450 may also pose resistance. We expect the Nifty future to turn downwards during the week, even though it may open on a positive note as India has received NSG clearance.
Critical factors
a) Nifty 4300 September put saw the emergence of writers, indicating 4300 could act as a trigger.
b) The Nifty volatility index or India VIX - the fear gauge, which captures the immediate expected volatility of the market, increased marginally to 32.65. This indicates that some traders have turned mildly cautious.
Recommendation
We are presenting two strategies for investors.
1) One buying 4300 September put which is currently quoting at Rs 109.7.
2) Another strategy could be going short on Nifty future keeping the stop-loss at 4650. This strategy is only for high-risk traders.
Stock futures
Reliance Capital (1315.35)
The stock is at a critical stage. While it faces an immediate resistance at 1344, it has support at 1214. A breach above 1344 can take it to 1375-1400 levels, whereas a dip below the support can lower it to 1129-1130 levels. We expect the stock to touch its support level. Traders with higher risk-appetite can consider going short on the counter keeping the stop-loss at 1344. However, if the stock opens on a firm note on Monday, this strategy should be avoided.
FIIs trend
The cumulative FII positions as a percentage of total gross market position on the derivative segment as on September 4 was 37.98 per cent. This once again indicates the higher level participation of local traders, particularly proprietary segment. Foreign institutional investors resorted to heavy selling on Friday, though they were net buyers during most part of the week. They now hold index futures worth Rs 12,636.83 crore (Rs 12,906.41 crore) and stock futures worth Rs 19,077.47 crore (Rs 16,055.96 crore). However, their holding on index options stood higher at Rs 22,093.13 crore (Rs 18,269.51 crore).
But take your own decision before trading....
Tracked by: 0 Boarder
Hey radhika.....I will answer ur queries one by one.....
how ofen does he shuffle his portfolio??????
Normally he won't shun the portfolio too often.....But before choosing a company he will analyse the same in all angles.....Very few of his recommendations had gone wrong......but it got offset by heavy profits in other counters.....
What are the sectors he concentrates on????????
He is not very particular with a specific sector.....But each and every sector he goes for the fundamentally strong company
its his own NETWORTH of 10 crore or is it his private company's networth??????
It's his own networth derived mostly from his own efforts....
Does he watch CNBC, NDTV Profits.. does he read the pink paper , economic times, business standard... does he watch the market everyday???????????
Yeah.....Unlike me he does everything what u have mentioned.....I mean I am poor in reading whereas he mostly go with the capital market which he had subscribed for one year or so....
what does he say about warren??????
I have not heard him saying much about warren buffett.....may be due to the reason that he himself is a junior warren buffettt...Ha..Ha..Ha
Why then ur sis asked me for trading techniques when ur father is such a guru himself??????
The reason is my father like me won't go much with the technicals whereas I told my sister that u are strong in technicals.....The reason according to me my father won't go with the technicals might be he believes more in fundamental than the technicals.........Regards...
In reply to:
I better put an end to my predictions
Posted by :
radhika_nandlal
Ramki,
Ur dad has 10 crores in equities... he is a big man for sure.... how ofen does he shuffle his portfolio? What are the sectors he concentrates on.... its his own NETWORTH of 10 crore or is it his private company's networth? Does he watch CNBC, NDTV Profits.. does he read the pink paper , economic times, business standard... does he watch the market everyday... what does he say about warren? Why then ur sis asked me for trading techniques when ur father is such a guru himself... curious.. 
Tracked by: 3 Boarders
Sorry Monday the 8th.
j....
In reply to:
2nd September
Posted by :
roameri
What\\`s your take for Monday 10/09/2008 ?
There is a lot of talk, may be loose, on a gap up of 50,100 and even 200 points.
By your strategy we should +/- 30 to the 5th. C of 4366 and see if higher Bullish and if lower Bearish.
Cheers!!!
j.
Tracked by: 3 Boarders
What\\`s your take for Monday 10/09/2008 ?
There is a lot of talk, may be loose, on a gap up of 50,100 and even 200 points.
By your strategy we should +/- 30 to the 5th. C of 4366 and see if higher Bullish and if lower Bearish.
Cheers!!!
j.
...
In reply to:
2nd September
Posted by : radhika_nandlal
Vam,
Dow follows technicals
75% of the times.
Our index 45% of the time.
I am certain coz i have been following dow for one year now..
Tracked by: 3 Boarders
Kotak ji, Can you please tell me the scope of AARTI INDUSTRIES as i am having 3000 shares of this share at level of Rs 46. Please guide me....
In reply to:
2nd September
Posted by : KotakInvestment
Dear RN,
to me market is neither BULLISH nor does it is Barish.If you see my calls: EDUCOMP, KARTURI etc. stocks are tw day up and two day down. Finally as it is.Sensex at the end of July( 28-07-208), was 14349. and at the end of August (29-08-2008) It was 14564. Operators are fooling Traders. Better stratagy can be, Be on one side and go on averaging........You will get your rates.
S Kotak
Tracked by: 0 Boarder
ESPP :
Employee Stock Purchase Plan. A program that allows employees to purchase company stock at a discount to its fair market value.
07.09.2008
...
In reply to:
< Enhance Stock Knowledge Skills >
Posted by : TrueCompanion
reverse acquisition :
One way for a company to become publicly traded, by acquiring a public company and then installing its own management team and renaming the acquired company.
** Here the parent company is not publicly traded, before acquisition.
07.09.2008
Tracked by: 4 Boarders
why do you think there will be a Gap up on monday? If the US govt takes over Fannie and Freddie this weekend, thier shares are sure to tank on monday. doesnt that make for a gap down opening?...
In reply to:
WatSay Folks, UC today?-Pranky!! :)
Posted by : hindlevernet
Hi investors,
My intelligence sources inform me that
Nifty may touch 4600 on Monday after huge
GAP UP OPENING.
Tracked by: 0 Boarder
Hi investors,
My intelligence sources inform me that
Nifty may touch 4600 on Monday after huge GAP UP OPENING.
...
Tracked by: 4 Boarders
Hi investors,
My intelligence sources inform me that
Nifty may touch 4600 on Monday after huge
GAP UP OPENING.
...
In reply to:
WatSay Folks, UC today?-Pranky!! :)
Posted by : Don Omar
sir, how are you sir? been a long time...have you any money left or all is lost sir...
Tracked by: 3 Boarders
Mohan,
SGX is nothing but our NIFTY listed in Singapore stock exchange in a dollar denominated index. Called SGX NIFTY. when the singapore exchange opens SGX nifty also will start to trade. I don't know how one get's to trade that......
In reply to:
2nd September
Posted by : mohanji
Dear Eshers,
please don't mind my ignorance...what is SGX and how you trade in this? and how it starts earliar than normal market time?Regards
Tracked by: 3 Boarders
Thanks... Hmmm... was busy... Let me see and get back after some days... Cheers......
In reply to:
2nd September
Posted by : Oldtimer
Hi Sam,
Started back on MMB full throttle? LOL. How'd your s/w work so far - have you tested it real time?
OT;)
Tracked by: 0 Boarder
reverse acquisition :
One way for a company to become publicly traded, by acquiring a public company and then installing its own management team and renaming the acquired company.
** Here the parent company is not publicly traded, before acquisition.
07.09.2008
...
In reply to:
< Enhance Stock Knowledge Skills >
Posted by : TrueCompanion
Market value added (MVA) :
MVA. The difference between the market value of a firm and the capital contributed by investors. A higher MVA indicates that a company has added more value than what has been contributed to it by shareholders, while a negative MVA indicates that the company has destroyed value.
06.09.2008
Tracked by: 0 Boarder
Thanks OT, It would be my sincere endeavour to serve all, I can reach upto....
In reply to:
< Enhance Stock Knowledge Skills >
Posted by : Oldtimer
Wow TC, that's a great thread that you've started - I'm a regular reader.
OT
Tracked by: 3 Boarders
Hi Sam,
Started back on MMB full throttle? LOL. How'd your s/w work so far - have you tested it real time?
OT;)...
In reply to:
2nd September
Posted by : Callahan
BTW my card reader has a problem and hence unable to post... LOL.. Lets see when I can...
Tracked by: 0 Boarder
Wow TC, that's a great thread that you've started - I'm a regular reader.
OT...
In reply to:
< Enhance Stock Knowledge Skills >
Posted by : TrueCompanion
Market value added (MVA) :
MVA. The difference between the market value of a firm and the capital contributed by investors. A higher MVA indicates that a company has added more value than what has been contributed to it by shareholders, while a negative MVA indicates that the company has destroyed value.
06.09.2008
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