Bulls....caution!

Buddy ,.. its good to have several posts ,.. but wht i m trying to tell u is something different. Please make one post all about sensex and your views. not for just 18525. but what if we are at 19k or 16k ??

Hope u will get what i say..

REgards,.
Darsh

FALTUB....technicals r mirrors of stock mkts ...every event is reflected in it....frankly i cant forecast the targets but yrs of research has shown me that technicals r the life line of indian stock mkts & the other point is that i would rely 100% on only index technicls rather than stock specific as it is not easy to manipulate the index for long time & is liquid..MIRROR MIRROR ON THE WALL WHAT IS IN STORE FOR ALL???yes...17465 is the support for bulls at close

European markets rallied last night, while the US indices were mixed with the Dow unchanged and the NASDAQ down. Asian markets are up this morning, though Shanghai remains down against the trend. The clear global short-term trend could be regarded as up, though. The result ...a rally here.


The market rallied on Thursday, with the sensex up 257.98 points (1.39%) at 18,770.89, the Nifty 72.80 points (1.32%) at 5,568.95, and the CNX Midcap 59.80 points (0.85%) at 7,114.60. The biggest positive contributions to the sensex came from ICICI Bank (80.6 points), Tata Steel (47.4), Bharti Airtel (33.8), Larsen & Toubro (20.9), Reliance (19.6), HDFC Bank (14.7), State Bank (13.1), Hind Unilever (8.7), Maruti Udyog (7.9), Tata Motors (6.5) and Grasim (5.6). The largest negative contributions were from Cipla (7.5 points), ITC (7.4) and HDFC (6.3).

The market's breadth was healthy, with advances outnumbering declines 1.40 times on the BSE, and 1.32 times on the NSE. The volume in advancing issues was 65.2% (71.9%) on the BSE, and 62.7% (71.9%) on the NSE, while that in declining ones was 32.2% (22.8%) on the BSE, and 35.6% (22.5%) on the NSE.

The number of Hotline stocks at 200-day highs went up from 23 to 28, while the number at 200-day lows remained zero. The number at 5-day highs fell from 124 to 111, while the number of at 5-day lows rose from 11 to 16. The 240 stocks averaged a gain of 0.86%.

The nifty opened slightly higher, but hit its session low immediately, and then rallied steadily till its high at 1505 after which it gave back some of its gains. The CNX Midcap peaked around the same time, but was flatter.

The sensex has been making large swings inside a very wide range for the last two weeks. The range falls between 17,170 and 19,200, and has been increasing. While the market swings in this range, its intermediate trend will remain undefined. A persistent move in a particular direction outside this range will be needed for an intermediate trend.

Several international markets have entered intermediate downtrends recently, and this may prevent yesterday’s strong move from developing into an intermediate uptrend.

The market’s MEDIUM trend is up. It would end if the sensex closes below at17465
There was no change in the major trend of any of the Hotline stocks yesterday.

London’s FTSE-100 and Tokyo’s Nikkei are in long term (major) downtrends, while most of the other global indices are in major uptrends.

A majority of global markets had made new bull market highs during the intermediate uptrend. Europe and Japan are among the markets which failed to make fresh highs.

There was a bit of a global rally, but the global intermediate trend still appears to be down for now.

The FIIs bought $461.3 million of stocks on Wednesday, and the MFs acquired $84.1 million worth. The FIIs are currently averaging daily sales of $82.4 million over the last five sessions, and the MFs are selling at an average rate of $9.1 million.

European markets rallied last night, while the US indices were mixed with the Dow unchanged and the NASDAQ down. Asian markets are up this morning, though Shanghai remains down against the trend. The clear global short-term trend could be regarded as up, though. This should result in a rally here.

Several global markets appear to be in intermediate downtrends. Most major trends are still up, though.

The Dow slipped 3.33 points (0.02%) to 13,671.92, and the NASDAQ composite went down 23.90 points (0.86%) to 2,750.86.

Infosys was up 0.29% at $48.58, Satyam Computers fell 4.15% to $27.98, Wipro gained 1.25% at $15.38, Tata Motors lost 0.91% at $19.50, ICICI Bank fell 0.29% to $58.23, HDFC Bank dropped 2.83% to $114.22, Dr Reddy's Labs lost 2.29% at $15.78, MTNL fell 2.95% to $9.20, VSNL went up 3.14% to $28.27, Rediff.com lost 2.06% at $15.67 and Satyam Infoway fell 1.64% to $7.79.


BULLS CUT 50% longs on a close below 17465....as posted by me back...a close abv 18525 will open the doors for a life high for mkts....it seems the work will b done...

cheers bulls....a robust weekend !!!!

Rally set to continue

European markets made good gains on Friday, and the US indices shot up. Asian markets are also strong this morning, with the Hang Seng up over a thousand points at one time. The global short-term trend is clearly up now. T






The number of Hotline stocks at 200-day highs went up from 28 to 54, while the number at 200-day lows remained zero. The number at 5-day highs went up from 111 to 153, while the number of at 5-day lows dropped from 16 to 9. The 240 stocks averaged a gain of 2.43%.



The sensex had been making large swings inside a very wide range for the last two weeks.

with the indices closing at the top of the range at the end of the week, and more gains expected today.

Several international markets had entered intermediate downtrends recently, but we are seeing a fairly global strong rally, and the global downtrend may well be ending.



The major trends of Bharat Forge and Sun Pharma turned up on Friday.

London’s FTSE-100 and Tokyo’s Nikkei are in long term (major) downtrends, while most of the other global indices are in major uptrends.

The FIIs bought $52.8 million of stocks on Thursday, and the MFs acquired $176.6 million worth. The FIIs are currently averaging daily sales of $78.1 million over the last five sessions, while the MFs are buying at an average rate of $39.4 million.

European markets made good gains on Friday, and the US indices shot up. Asian markets are also strong this morning, with the Hang Seng up over a thousand points at one time. The global short-term trend is clearly up now. This should lead to a strong start here today.

A few global markets are in intermediate downtrends, but these should be about to end given the strength of the global rally. Most major trends remain up.

The Dow rose 134.78 points (0.99%) to 13,806.70, and the NASDAQ composite went up 53.33 points (1.94%) to 2,804.19.

now...bulls...exit 50 % of lng positons nly if sensex closes below 17465...till then.....ENJOY THE UPTREND !!!

The benchmark Sensex extended its gains to sixth straight day, inching closer towards the 20,000 mark, zooming 616 points during morning trend on the back of strong global cues. Driven by a strong surge in bank, capital goods and metal shares, th e BSE 30-share Sensex opened with a gain of 378 points and later hit an all-time peak of 19,984.18, a net rise of 741.01 points over Friday's close of 19,243.17. It later fell marginally due to profit selling and was quoted at 19,912.53 at 1.05 pm.

The broader S&P CNX Nifty of the NSE also jumped to a new peak of 5,913.75 before being quoted at 5,897.30 at 1.05 pm, a gain of 195 points from previous close of 5,702.30.

Asian indices were quoted up in a range of 0.75 per cent to 3.5 per cent during early trade following a strong close on Wall Street last weekend.

Despite Friday's provisional net sales of Rs 1,237.35 crore by Foreign Institutional Investors (FIIs), the market rallied sharply on sustained purchases by domestic investors. Domestic Institutional Investors reported net purchases of Rs 965.96 crore on Friday. Investors seemed optimistic about rate cut ahead of the RBI's mid-term review of annual policy on October 30 as well as the US Federal Reserve meeting on October 31.

bulls....hold on to the band wagon till sensex closes below 17465 & xit only on a close below 17465

You mean you dont book profit if you went long at 5000,Nifty,i am sure its not a good strategy.

Its going to be very interesting.

The markets do not expect much from the credit policy and hence it may prove dampener with Sensex correction of 100-150 points.

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The bullish sentiments according to markets observer has been on expectation of huge flow of foreign funds in the coming days. The growth fundamentals are strong in India compared to the China. The China has only one sector (finance) to attract the foreign funds where as the India’s growth hinges on several key

NOW BULLS...EXIT AT CURENT LEVELS & REENTER ONLY IF SENSX CLOSES ABV 20025...

Sensex down 67pts; M&M drops 5%


ASSUMING BULLS XITED AT OPENING....RE-ENTER ONLY IF SENSEX CLOSES ABV 20025



After opening with a positive gap of 125 points at 20,103, the Sensex touched a fresh all-time intra-day high of 20,238, before slipping into the negative zone to a low of 19,814 - down 424 points from the peak. The index is now down 67 points at 19,911.

Mahindra & Mahindra has tumbled 4.7% to Rs 759. Maruti has dropped 3% to Rs 1,153.

Reliance has slipped over 2% to Rs 2,767. SBI has shed 1.5% at Rs 2,085.

NTPC, Hindustan Unilever and ITC have dropped 1.3% each to Rs 230, Rs 217 and Rs 180, respectively.

BHEL has surged 2.7% to Rs 2,682.

Reliance Energy has advanced over 2% to Rs 1,760, and Laren & Toubro has added 1.7% to Rs 4,350.

man do you think bulls are concerned with a 100/150 pt correction in sensex, even nifty 200 pt correction will not be trouble, which is possible since a weekly gap made yesterday may make nifty loose y'day gains of 200 pts.