Sensex heading to 12000 and below (opinion please)

knag · #1 10th June 2008, 11:31 AM

Hi,

From the sensex chart formation it is sensed that sensex might go down to 12000 levels (which may be good buy level). Let us discuss about whether the sensex can go to 12000 levels and below (may be possible).

This can help every long term investors to be careful in his investment.

Friends please help.

Thanks,
knag

raghav1366 · #2 10th June 2008, 06:52 PM

THE SENSEX CANNOT GO BELOW 13500 LEVELS AND MAJOR CORPORATE MF SUPPORT WILL COME IN THRU GOV. INTERVNTIONS AS it is a very crucial point to hold these levels. till june end the sensex will not go below 14000 levels and we may see a short term faster recovery by next week.

the shake is only due to confidence levels broke by foreign fund managers and they have say from nowon as most of their funds had already exited from our nation. the corporate results of this quarter will boost the sentiment once again and the reliance pack will pick up in the initial stages.

Rajiv Bhatiya · #3 11th June 2008, 11:27 AM

Quote:

Originally Posted by raghav1366

THE SENSEX CANNOT GO BELOW 13500 LEVELS AND MAJOR CORPORATE MF SUPPORT WILL COME IN THRU GOV. INTERVNTIONS AS it is a very crucial point to hold these levels. till june end the sensex will not go below 14000 levels and we may see a short term faster recovery by next week.

the shake is only due to confidence levels broke by foreign fund managers and they have say from nowon as most of their funds had already exited from our nation. the corporate results of this quarter will boost the sentiment once again and the reliance pack will pick up in the initial stages.

Raghav,
I agree with your view to certain extent but I don’t have common opinion with you on “short term faster recovery by next week.” Considering the over all economic conditions recovery will take at least another 3 months.

Rajiv

sudoku1 · #4 11th June 2008, 12:14 PM

Quote:

Originally Posted by raghav1366

THE SENSEX CANNOT GO BELOW 13500 LEVELS AND MAJOR CORPORATE MF SUPPORT WILL COME IN THRU GOV. .

the shake is only due to confidence levels broke by foreign fund managers and they have say from nowon as most of their funds had already exited from our nation. the corporate results of this quarter will boost the sentiment once again and the reliance pack will pick up in the initial stages.

without fii's (foolish financial inst)......it will b picking salt with the eyelash.......no amnt of good news without fii's ....as any mkt in the world needs long term liquidity......

debdeeps · #5 11th June 2008, 08:34 PM

Quote:

Originally Posted by raghav1366

THE SENSEX CANNOT GO BELOW 13500 LEVELS AND MAJOR CORPORATE MF SUPPORT WILL COME IN THRU GOV. INTERVNTIONS AS it is a very crucial point to hold these levels. till june end the sensex will not go below 14000 levels and we may see a short term faster recovery by next week.the shake is only due to confidence levels broke by foreign fund managers and they have say from nowon as most of their funds had already exited from our nation. the corporate results of this quarter will boost the sentiment once again and the reliance pack will pick up in the initial stages.

Can't agree. The inflation figure after petrol/gas price hike is going to out next week Friday. And can't imagine what will happen with the market after seeing double digit inflation fig. Another big crash.

uasish · #6 13th June 2008, 09:54 AM

" without fii's (foolish financial inst)......it will b picking salt with the eyelash.......no amnt of good news without fii's ....as any mkt in the world needs long term liquidity......"

If Nifty Fut can close above 4550 today then probably Mkt has reached interim Bottom,if it cant close above that & throws away the Gain made,then further Pain left for the coming days.

Let us see.

mahesh2007 · #7 13th June 2008, 10:07 AM

Quote:

Originally Posted by uasish

" without fii's (foolish financial inst)......it will b picking salt with the eyelash.......no amnt of good news without fii's ....as any mkt in the world needs long term liquidity......"

If Nifty Fut can close above 4550 today then probably Mkt has reached interim Bottom,if it cant close above that & throws away the Gain made,then further Pain left for the coming days.

Let us see.

dear Ashish da,
So far FII's have invested 200 Bn dollars in India, since 1/1/2008 till date their outflow is around meagre 12 Bn dollars.
Their funds are also 'opm'(other people's money) and they too face redemptions.
Apart from it, they too are gettting reduced inflows due to rising crude and other commodities.
the solution to the problem is "co-operation from OPEC"-by increasing production.
There is a meeting on 22 nd (i think) which is the only ray of hope.
let's keep our fingers crossed

sudoku1 · #8 13th June 2008, 10:27 AM

Quote:

Originally Posted by mahesh2007

dear Ashish da,
So far FII's have invested 200 Bn dollars in India, since 1/1/2008 till date their outflow is around meagre 12 Bn dollars.
Their funds are also 'opm'(other people's money) and they too face redemptions.
Apart from it, they too are gettting reduced inflows due to rising crude and other commodities.
the solution to the problem is "co-operation from OPEC"-by increasing production.
There is a meeting on 22 nd (i think) which is the only ray of hope.
let's keep our fingers crossed

saudi has upped prodction......but the speculative zinx fails 2 pull down....

uasish · #9 13th June 2008, 03:17 PM

It seems Soduko's Camp is going to Laugh .

Had a glimmer of Hope of Bottoming out but the Close may not be encouraging.

sudoku1 · #10 13th June 2008, 03:57 PM

Quote:

Originally Posted by uasish

It seems Soduko's Camp is going to Laugh .

Had a glimmer of Hope of Bottoming out but the Close may not be encouraging.

well the day was also......

FRY-DAY THE 13th......

View Poll Results: Sensex is heading towards 12000 and below?
Yes	35	59.32%
No	24	40.68%
Voters: 59. You may not vote on this poll