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UNBIASED OPINION ! 15000 or 21000 ?

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View Poll Results: UNBIASED OPINION ! 15000 OR 21000 ?
15000 42 51.22%
21000 40 48.78%
Voters: 82. You may not vote on this poll

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  #41  
Old 11th February 2008, 07:58 PM
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Default Re: UNBIASED OPINION ! 15000 or 21000 ?

Quote:
Originally Posted by MaxBombay View Post
... btw, Indian stocks are way too much overvalued anyway and i think correct value will be found at 13000 levels.
Same question as Oxy's Based on what ?
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  #42  
Old 14th February 2008, 03:55 AM
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Default Re: UNBIASED OPINION ! 15000 or 21000 ?

Quote:
Originally Posted by oxusmorouz View Post
You have not heard of the star gazing, hidden words in the Bible (Koran and Vedas too for that matter), vaasthu analysis, angels in dreams, prophecies by Oracles & Nostradamus, The Red Indian wind gods, the web-bot project, The I-Ching and astrology techniques of predicting the stock markets? To add to that, we have the technical and fundamental propagandist techniques, a modernized version of the other types of analysis.
And you ask how? This is very unexpected of you BAV
lol
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  #43  
Old 14th February 2008, 10:32 AM
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Default Re: UNBIASED OPINION ! 15000 or 21000 ?

Quote:
Originally Posted by kkseal View Post
Same question as Oxy's Based on what ?
sensex at 15000....teh pe ratio will be 14..and 13000..will be so 12./so there si no question why buying should not be donw at these two levels,,,this is the reason...

renu
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  #44  
Old 14th February 2008, 10:45 AM
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Default Re: UNBIASED OPINION ! 15000 or 21000 ?

Quote:
Originally Posted by renu daga View Post
sensex at 15000....teh pe ratio will be 14..and 13000..will be so 12./so there si no question why buying should not be donw at these two levels,,,this is the reason...

renu
Hi Renu,

The market seems to be moving upwards since last couple of days , today at this point of time its up by 600 points!

Does your analysis suggests that market is likely to fall to 15,000 or even low i.e. 2000 points more correction is due? So one should not buy at these levels and wait for much lower prices?


Please let me know your well-informed thoughts and analysis....


P.S.:- Any thoughts from Senior members or TA / FA are welcome. Please share your views.


Thanks All....
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  #45  
Old 14th February 2008, 11:34 AM
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Default Re: UNBIASED OPINION ! 15000 or 21000 ?

milind
see to very frank,,i just go along with my trading signals,,,no matter short trem / long term,

rgt now we can only consider...this as pull back rally,,not aconfirm,,,bullish one,, because its just short covering...and may be also because of dow sentiments...as soon as we know fiis are long ,,we will trem indian mkt bullish also,,
when mkt bounced back previuosly,,,it just came to 60%retracement,,,,which was 18900 value,,,and came down,,taht is why suduko was firm on that value..
now again as asish da had drawn trend line supporting theb last two lows...we are still holding it,,,
and now,,retracemnet could eb agin 5150....5170,,utmost ,,,and now if the nifty values cross the previuos high...i would be again in mmkt saying it wsa correction...
we should mind...that the previuos high should be broken,,and lowest low should not be broken,,,,at all...
now if we measure stcoks with sensex / nifty....
we will find many stcoks at good prices...like ntpc..at 185...hindalco at 150..,,,,lt at 3200/3300...grasim.. acc./tisco/ strelite...petronet..lng...jindalstainelss..lakshm i machine..
at good prices...relative to the amount of correction they have made from their highs..
we can keep them in trading posrtfolio,,,till nifty crosses...the previuos high and again forming higher high lower low..

i dont know whether i am able to answer u properky at dot,,,,because truly spekaing,, nifty for sure at 4500/4200..is rgt at moment difficult to say...beacuse at still its not so bullish..
let the pull back retracement comp...then we can be clear...a bit...

renu
for me mkt at 200 points ,, not a single buying is made by me,,,except itc...
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  #46  
Old 14th February 2008, 11:38 AM
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Default Re: UNBIASED OPINION ! 15000 or 21000 ?

Hi Renu,

Thanks for your reply!



Quote:
Originally Posted by renu daga View Post
milind
see to very frank,,i just go along with my trading signals,,,no matter short trem / long term,

rgt now we can only consider...this as pull back rally,,not aconfirm,,,bullish one,, because its just short covering...and may be also because of dow sentiments...as soon as we know fiis are long ,,we will trem indian mkt bullish also,,
when mkt bounced back previuosly,,,it just came to 60%retracement,,,,which was 18900 value,,,and came down,,taht is why suduko was firm on that value..
now again as asish da had drawn trend line supporting theb last two lows...we are still holding it,,,
and now,,retracemnet could eb agin 5150....5170,,utmost ,,,and now if the nifty values cross the previuos high...i would be again in mmkt saying it wsa correction...
we should mind...that the previuos high should be broken,,and lowest low should not be broken,,,,at all...
now if we measure stcoks with sensex / nifty....
we will find many stcoks at good prices...like ntpc..at 185...hindalco at 150..,,,,lt at 3200/3300...grasim.. acc./tisco/ strelite...petronet..lng...jindalstainelss..lakshm i machine..
at good prices...relative to the amount of correction they have made from their highs..
we can keep them in trading posrtfolio,,,till nifty crosses...the previuos high and again forming higher high lower low..

i dont know whether i am able to answer u properky at dot,,,,because truly spekaing,, nifty for sure at 4500/4200..is rgt at moment difficult to say...beacuse at still its not so bullish..
let the pull back retracement comp...then we can be clear...a bit...

renu
for me mkt at 200 points ,, not a single buying is made by me,,,except itc...
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  #47  
Old 14th February 2008, 08:59 PM
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Default Re: UNBIASED OPINION ! 15000 or 21000 ?

by the way, 2days spike may have lured many in the 21k camp from 15k camp as the title suggests.....any idea ?
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  #48  
Old 14th February 2008, 09:11 PM
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Default Re: UNBIASED OPINION ! 15000 or 21000 ?

Quote:
Originally Posted by renu daga View Post
sensex at 15000....teh pe ratio will be 14..and 13000..will be so 12./so there si no question why buying should not be donw at these two levels,,,this is the reason...

renu
What predictive information does a PE ratio hold?

Assuming one agrees with the fundamental hypothesis that the value of a share is equal to the summation of present value of the future cash flows, you are forced to look into and predict at least a "few" years of cash flows, and not restrict your study to the "previous" year or the "current" year or the next year. Although I have done no study on this, I boldly induce (and open to be disproved) that the standard error of predicting future stock prices from naively multiplying static earnings with the PE ratio is pretty high.
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  #49  
Old 14th February 2008, 09:20 PM
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Default Re: UNBIASED OPINION ! 15000 or 21000 ?

Quote:
Originally Posted by renu daga View Post
sensex at 15000....teh pe ratio will be 14..and 13000..will be so 12./so there si no question why buying should not be donw at these two levels,,,this is the reason...

renu
MKTS around the world DISCOUNT future events in advance & one should not fully rely on the past performances....
eg. a severe slowdown in INDIA will bolster the same pe of 14 @ 15k currently ,to, a higher one thus making the mkts more & more xpensive on every slowdown... & @ every fall...
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  #50  
Old 14th February 2008, 09:45 PM
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Default Re: UNBIASED OPINION ! 15000 or 21000 ?

Quote:
Originally Posted by sudoku1 View Post
MKTS around the world DISCOUNT future events in advance & one should not fully rely on the past performances....
eg. a severe slowdown in INDIA will bolster the same pe of 14 @ 15k currently ,to, a higher one thus making the mkts more & more xpensive on every slowdown... & @ every fall...
That's a good point. That's the reason i don't look too far ahead & reacess every quarter.

This qtr net margins have suffered due to high interest cost & depreciation. (This despite a rise in OPM)
This has been offset somewhat by a higher component of other income (which is obviously not very healthy).
Depreciation i think tends to be high during an investment cycle (& maybe viewed as kinda future value on the books) so it all boils down to int rates. This has to come down to maintain the growth story.

On the positive side revenue growth has remained a stellar 20% So we do not have the kind of demand slowdown as in the US. But again lowering of cost of credit can be useful for the demand side as well.

No wonder many correlation models have int rates as an important component.

Regards,
Kalyan.
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