Sensex is going down.....

#1
Hi All experts,

What the hell is happening ....
market is going down .....reaches at 13330

please suggest us .... is this a temp phase or downtrend is started....
 
#2
Hi All experts,

What the hell is happening ....
market is going down .....reaches at 13330

please suggest us .... is this a temp phase or downtrend is started....
Manish

U cant expect the market to rise every day... day after day, week after week, month after month ... can u ... (Dont you too get fever once in a while ?)

Take it easy ... like yr fever , this too will ease after a while ...

Don't ask me how long

AGILENT
 
#5
In this downtren every stock is going down .....
How we can make a dicision that which stock we pick ...
As per moneycontrol this downtrend mai continue two-three days more....
I want to accumulate some stocks
Please suugest best ....
 
#7
Id suggest to wait for it to resolve,it may bottom out now or may bottom out after 300 points(whether short term or medium term only time will tell),dont chase.Look at some basic technicals and then take ur decision.
Warm regards
Amit.
 
Last edited:
#8
Hi All experts,

What the hell is happening ....
market is going down .....reaches at 13330

please suggest us .... is this a temp phase or downtrend is started....
Technically support for the sensex was 13650-13500-13425 all support have broken now tommorow is very important day if it sustain below 13500 in next few days then it can move further dwn to 12995 so my suggesion is to not to buy now let it move above 13500 and weekly close should be above 13600.

Ahmed
 

winstonn

Well-Known Member
#9
i think lot of speculative selling is seen, lack of buyers , adding higher spreads ..........micro crash.....
put on rsi or stoc divergence and wait for down trendline break on upside...if no break, then do nothing.... if there is a break on trendline on upside + divergence is on will be a swing buy oppor on nifty fut.

cheers,
winston
 

jatayoo

Well-Known Member
#10
Hi All experts,

What the hell is happening ....
market is going down .....reaches at 13330

please suggest us .... is this a temp phase or downtrend is started....
The level of 13300 is a crucial fibonnachi level and represents the a key support level.If the FII's are booking profits before 31 dec 06-- they too have to give returns to the investors-- then it may not hold.Most of the FII's have a 3 yr perspective & therefore the guy's who entered in 2003 may like to book profits.In any case the sensex is valued at earnings of FY09 if we factor in Graham's margin of safety concept.I am sure it will not be a crash as in "harshad mehta's" time or KP's time.The growth back's the rise of the markets and the FII's are a bit uncomfortable with the valuations ,if i hear them correctely on CNBC.:)
 

Similar threads