Are we ever gonna go up?

chaitanyagoa

chaitanyagoa

Well-Known Member
#1
#1
Hey Guys,

The world markets have been a pain lately..... And this is not looking to end soon, though markets all over have been thrashed!!!! All the good news is being sidelined and even small issues which hardly matter are being highlighted to throw the markets!!! Things are not looking to rosy... The same 'morons' who were talking of 6000 on Nifty are throwing their mouths around in the favour of bears............Some pathetic people are talking about 20% correction from the current levels.........Any comments?:annoyed:
 
alroyraj

alroyraj

Well-Known Member
#2
#2
chaitanyagoa said:
Hey Guys,

The world markets have been a pain lately..... And this is not looking to end soon, though markets all over have been thrashed!!!! All the good news is being sidelined and even small issues which hardly matter are being highlighted to throw the markets!!! Things are not looking to rosy... The same 'morons' who were talking of 6000 on Nifty are throwing their mouths around in the favour of bears............Some pathetic people are talking about 20% correction from the current levels.........Any comments?:annoyed:
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Looking at the charts that seems a little excessive but you know the tendency of the market (incl the arm chair analysts) to over react. Its true that India's booming economy on today's world seems like smoking in a fire cracker manufacturing plant, but it will get better. Somewhere one of the seniors mentioned that May/June is the time the markets are excessively weak and correct somewhat which was new to me. Today the Reliance deal was a good trigger so cheer up. Remember Reliance's weightage has gone up in the Nifty,and traditionally Reliance used to lead the markets will its direction, so positive news could be here sooner than we expect.
 
chaitanyagoa

chaitanyagoa

Well-Known Member
#3
#3
alroyraj said:
Looking at the charts that seems a little excessive but you know the tendency of the market (incl the arm chair analysts) to over react. Its true that India's booming economy on today's world seems like smoking in a fire cracker manufacturing plant, but it will get better. Somewhere one of the seniors mentioned that May/June is the time the markets are excessively weak and correct somewhat which was new to me. Today the Reliance deal was a good trigger so cheer up. Remember Reliance's weightage has gone up in the Nifty,and traditionally Reliance used to lead the markets will its direction, so positive news could be here sooner than we expect.
Click to expand...
Thanks for the encouraging words......But i don't see any up move coming so soon... every rally is being shorted mercilessly.................:annoyed:

Look at the US markets today......... It is down 1.25% esp when the housing data which is cnsidered as one of the most important data has come out much more stronger than expected.......... I think it is Curtains for BUlls until some massiah shows up..............
 
S

simple_trader

Well-Known Member
#5
#5
I guess market is a complex thing. Some part of the moves are somewhat catchable and some part are not. We need to let it play whatever is not catchable.

Situation changes over the time, if someone is bullish today, can be bearish tomorrow even in lower level and vice versa.

For many, tata motor, icici bank were bad companies in 2008 correction, and many gave buy calls in last two months as those look fundamentally strong.

Perception changes over time.

Happy trading!
 
praveen taneja

praveen taneja

Well-Known Member
#7
#7
Mkts are in Bear and Fear grip bro as you can see all mkt 3-4% down and dow future suggesting huge gap down tomm but there is no need to become a compulsive trader or booking loss in panic
Jaroorat se jyada Ghutan ho to iska matlab hai Barsat aane waali hai
 
sudoku1

sudoku1

Well-Known Member
#8
#8
praveen taneja said:
Mkts are in Bear and Fear grip bro as you can see all mkt 3-4% down and dow future suggesting huge gap down tomm but there is no need to become a compulsive trader or booking loss in panic
Jaroorat se jyada Ghutan ho to iska matlab hai Barsat aane waali hai
Click to expand...
frustrative positions r like an acid that can do more harm 2 the vessel in which it is stored than 2 anything on which it is poured. ;)
 
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