Market Analysis at EOD

A

-=Ash=-

New Member
#1
#1
Hi Guyz,

I am not professional analyst ! but i would like to share my opinions with most traded stocks @ EOD. Please give your valuable inputs so that we can share the knowledge for which we are here !

So Today Rock star is Aban Offshore

I did some research on why this stock climbed so quickly, what i believe is today

1) the news of Aban bagged order to deploy 3 jack up rigs which will generate revenue of 3000 crore rejuvenated the traders.

2) lot of traders were on short assuming the market will fall and they can make good profit from it got panicked and blindly started squaring their positions and also today is expiring day of their option also.

3) FIIs who are main culprits for sudden changes in markets are now pouring money into oil & gas field. Stock of HOEC who declared oil production from its PY-1 field is hitting upper circuit for 3 consecutive days.

i feel FIIs are manipulating market and we won't be surprise if we can see sudden fall in next few weeks.

Guyz please give your observation and comments also.
 
Last edited:
S

sanju777

New Member
#2
#2
why wait for big fall after few weeks..just trade the market,
go long if its going up..and sell when some FII tells u that we are selling..
thats the name of the Game..:lol:
 
Class

Class

Active Member
#3
#3
Hi Ash,
Nice post and good round up.

1. I heard it was 4 oil rigs deployed for Aban.

2. I'm not sure what you mean. Sometimes as the market climbs those who are short need to cover their positions or they will suffer almost unlimited losses. This short covering drives the market higher as they have to buy into the market to cover their shorts.

Also at the end of the day the nifty didn't breach the resistance at 4,700 so I heard that there was a build up of Puts at 4,700.

3. If FII's are manipulating the market then we have to see what they do and how they do it and learn to profit from their tactics. If they drive the market down so that they can get better prices, perhaps we should also take the opportunity to take profits now and re-enter the market at a cheaper price:thumb:

Tomorrow is going to be an interesting day. There is a guy Pranayk, that does a morning update on the levels he thinks the market will reach as support and resistance. I think it is a good read. You can find it at:

http://www.traderji.com/futures/30235-morning-update-0800hrs-intraday-market-level-5.html

Hope this helps.
 
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