Is BSE at 7500 possible within 1 year ?

amitt29 · #51 12th February 2008, 04:41 PM

Though i usually don't like to comment.

I will not see a close below 11999 in my lifetime.Assuming that i live at least 20 yrs more.

prabhjeetrana · #52 12th February 2008, 07:22 PM

Quote:

Originally Posted by uasish

When mkt falls or in a down mode still today we retailers where handicapped ,becoz we could not take advantage of the down side without derivatives.
If they allow us to hold Short positions in Cash mkt,then what is there to worry.Let us make money from our directional calls rather than lamenting.
As trader my only concern is Direction,to get that direction right,whether mkt is at 1k or 10000000k i will trade to make money.

Asishda thats where the problem is, those who do no day trade or futures trade are helpless now a days, we have to keep seeing the markets going down everyday with none of the indicators giving buy signal. It would be great if exchanges allowed holding short positions in cash markets even if requires 100% margin, that would really take the froth out of system.

BTW,congratulations on your 4000 posts, i think you hold the no. 1 position in no. of posts, GREAT

prabhjeetrana · #53 12th February 2008, 07:25 PM

Quote:

Originally Posted by amitt29

Though i usually don't like to comment.

I will not see a close below 11999 in my lifetime.Assuming that i live at least 20 yrs more.

Asuming that we enter the corrective period for even 6-8 months i suppose not only 11999 but levels close to 10000 may not be too far

oxusmorouz · #54 12th February 2008, 07:36 PM

Quote:

Originally Posted by prabhjeetrana

Asishda thats where the problem is, those who do no day trade or futures trade are helpless now a days, we have to keep seeing the markets going down everyday with none of the indicators giving buy signal.

Staying in cash (and earning interest, of even 2% p.a) is just a good a strategy when other alternatives are disastrous.

Quote:

Originally Posted by prabhjeetrana

It would be great if exchanges allowed holding short positions in cash markets even if requires 100% margin, that would really take the froth out of system.

Indeed.

ajitanand · #55 12th February 2008, 07:44 PM

No. 7500 should not be possible.

What you will see is, after every fall, volumes will keep on falling. Even shorters will be unable to find good numbers to short on day trade.

People will stop investing in markets even if it touches 10000 for sure!

After that 50-100 point move a day would be difficult. By then some growth story has to come from the globe

And trust me, the government will be kicked out by this time for being so stupid...

prabhjeetrana · #56 12th February 2008, 07:57 PM

I think the worst thing during this correction unlike 2004 or MAY 2006 correction is that people to whom i talk whether investors or traders personally are still not feeling very negative about market, its only CNBC TV18 reporters who are trying to convince people that sentiment is bad. When after May 2006 i used to tell my friends to buy stocks they thought that i am a Gambler and would loose all my money but those people are buying freely right now, though thats not a confirmation signal but it gives me a feeling that bottom will be formed only after we have same kind of sentiment as 2004 & 2006

prabhjeetrana · #57 12th February 2008, 08:00 PM

Quote:

Originally Posted by prabhjeetrana

It would be great if exchanges allowed holding short positions in cash markets even if requires 100% margin, that would really take the froth out of system.

On second thought allowing short positions may act like a Double edges swords and may cut small investors both the sides

kkseal · #58 12th February 2008, 08:38 PM

Quote:

Originally Posted by amitt29

Though i usually don't like to comment.

I will not see a close below 11999 in my lifetime.Assuming that i live at least 20 yrs more.

WoW! Now that's reassuring

Regards,
Kalyan.

kkseal · #59 12th February 2008, 08:41 PM

Quote:

Originally Posted by prabhjeetrana

... but those people are buying freely right now, though thats not a confirmation signal ...

That's in fact a dangerous signal

Regards,
Kalyan.

sudoku1 · #60 12th February 2008, 08:56 PM

highlighting the title of this post.......
the sensex is currently having an EPS of around rs 800....now for it 2 go 2 7500 levels , the sensex has 2 trade @ PE of less than 10....

since 1990 , the sensex has NEVER commanded a PE of this kind, putting it in the penny stock bag.....

Similar Threads for: Is BSE at 7500 possible within 1 year ?
Thread	Thread Starter	Forum	Replies	Last Post
Happy New Year	dilsefx	Forex	0	1st January 2007 12:29 PM
Hello and a Very Happy New Year	gonifty	Introductions	0	22nd October 2006 07:14 PM
Bengalis New Year	joy_mitali	General Chit Chat	6	17th April 2006 07:01 PM
Wish you all a Happy New Year and wish all are profited this year from stocks.	pradyum	General Chit Chat	2	2nd January 2006 12:21 PM
New Year Greetings!!	Saint	General Chit Chat	4	31st December 2004 08:29 PM