Tomorrow (August 20, 2007) UP or Down? Poll Please!

Hi friends,

I know that predicting the markets is a futile excercise, but let's do it for some fun. What will the market do tomorrow? Close below Friday's close (Sensex 14141, and Nifty 4108) or above?

Looking at the broader market, I will short tomorrow. Please poll! The poll closes tomorrow at 9:30 am on August 20, 2007. Hurry!

ss

Hello,

Yes i Agree its difficult to Preditct the Market. But i can Let you know a Brief Idea of how the market Would Behave in the comming days . I am Posting a Screen Shot of the Sensex Daily Chart. I guess this Would be of some Help.

We are near a Major Point of Support Support as predicted by the Software we Should be Touching 14,000 or Lower By the 23 Aug 07 ( the Small Black Verticle Line) and we are in a Elliot Wave 3. Which Means we are in a Strong Down trend. If the Level 13,500 are Broken we could Test We could test 12,500 even which is been Projected

If 13,500 levels are Supported we can see a Pull back uptill 14,700-14,900

I hope this Helps in Answering your Question in a much more Broader way.

Thanks
RV

The markets will gap up, and should provide a good shorting opportunity.

Hello EveryBody,

I am not Sure why. I have Registered today and i am Still unable to Post a Message my account has already been activated. But the Message i post are not visible on the Message Board Any Idea???

Thanks
Rv

I hope it goes up ... but as they say in market - don't hope for anything ... not sure...

Cheers,
Gnat

Looking in to the global trends like when wall street sneezes Dalal street gets cold. hence we can expect a northward movement of 300-400 pts.

Sunil uncle i think its gonna be up. RSI(14) oversold at 32. And the pullback was preety sharp to confirm that recovery on cards.

Thanks

on & further on 20th aug, mkt could try to touch 4200. At 4264 there could be strong resistance & mkt could revert below again to 3910. this is most likely situation during next week or till the date of expiry of aug future.For aug futures, 1st resistance could be at 4170.

Hi All,

This is my calculation according to which at this FNO expiry the Nifty will b @ 4350. This is after studying todays Market behavior and open interest in FNO segment.

Happy settlement trading. Pls correct me if wrong.
Sanjyot

So how do you come to the figure of 4350? What calculation methodology are you using? How do you study 'market behaviour'? Awaiting enlightenment!