Have The Markets Bootomed Out?

adilsaleem · #31 4th February 2008, 06:10 PM

We have not bottomed out as yet is my point of view. I am watching Sudoku's magic number, tho not trading his calls. To me nifty above 5700 will be the real turn.

rajeshn2007 · #32 4th February 2008, 06:59 PM

Quote:

Originally Posted by sudoku1

only a close abv 18475 will confirm the bulls comeback...

sensex 18660. mkt has closed above 18475. is the market bullish from now or not?

sudoku1 · #33 4th February 2008, 08:54 PM

Quote:

Originally Posted by rajeshn2007

sensex 18660. mkt has closed above 18475. is the market bullish from now or not?

no rajesh...the 18475 level was revised last week to 18925....go through our thread '25 th jan.....bears attack...................'

surfingminds · #34 4th February 2008, 09:29 PM

I Feel its a beam balance. and the perfect pivot which can move in any direction.
I still maintain my view to see 16 K at sunsex as bottom and 4200 at nifty
worst case things can turn even deeper

Venkat123 · #35 5th February 2008, 05:14 PM

Quote:

Originally Posted by surfingminds

I Feel its a beam balance. and the perfect pivot which can move in any direction.
I still maintain my view to see 16 K at sunsex as bottom and 4200 at nifty
worst case things can turn even deeper

Agree. This one is a suckers rally.

roro1234 · #36 5th February 2008, 05:43 PM

wait till 11th of feb ,rel power listing,sentiments will decide where the markes head,more often than not the pundits are always wrong as far as levels are concerned.Indian investors dont believe so much on technical analysis,rather word of mouth tips,my 2 bit view off course

rajeshn2007 · #37 5th February 2008, 06:29 PM

most of the momentum stocks have started moving up with addition of huge open interest.
from tomorrow some of the asian markets are shut for few days. no cues from those markets.
hence , market is likely to move up further.

Czar · #38 5th February 2008, 07:55 PM

By the time a decision is made of whether market is topped out market either will be near the fag end of the rally or racing to test the bottom & people waiting would have missed trading 12/1500 nifty points... 1000 nifty points are no suckers, it can make a traders life...

raghav1366 · #39 5th February 2008, 08:48 PM

Quote:

Originally Posted by rajeshn2007

most of the momentum stocks have started moving up with addition of huge open interest.
from tomorrow some of the asian markets are shut for few days. no cues from those markets.
hence , market is likely to move up further.

NO RAJESH. I observe that the bear move is still alive and the momentum is only on few proved stocks - the mf and fii are not active and their silence will ruin this recovery too. I forecast that there will be another windfall before next week end and my market report enlighten that the repayment of reliance power money - has not turned towards secondary market. some of the stock brokers have more of credit in their client accounts and they are watching for windfall to collect their ducks.

all members, take only calculated risk and enforce strict stop loss. until the fall arrives we can make a fast buck as people today make from NLC and NTPC. both would fall tomorrow.

Venkat123 · #40 5th February 2008, 09:35 PM

If you bought in the last few days, don't look at US ISM numbers. came in at 44. Anything below 50 is contraction.

http://www.breifing.com/Investor/Pub...s/napmserv.htm

Last time something like this happened in 2001.

View Poll Results: HAVE THE MARKETS BOTTOMED OUT?
YES	19	70.37%
NO	8	29.63%
Voters: 27. You may not vote on this poll