Stock Market Discussion

[mahesh]

Nifty has closed well below 5128 and also the weekly low has been broken but closed above 5059 an important support level.

This fall was well anticipated and all subscribers are holding put options in Nifty and bank nifty. If this level is broken then last hope for the bulls remains @4946 on closing basis.

Resistance levels are 5160-5230 and Support exists @ 5059-5011-4958-4946

 

[mahesh]

4946 remains the last hope for the bulls. Now going short at lower level is not advisable rather all Gann support levels should be used for profit booking. Resistance levels are 5120- 5160-5230 and Support exists @ 4989-4958-4946.

 

[mahesh]

If u cant take risk , just wait for a crash. its inevitable now.

the crash you were talking about, was it today's crash just happened or is it yet to come ?

 

[mahesh]

4946 remains the last hope for the bulls. Now going short at lower level is not advisable rather all Gann support levels should be used for profit booking. Resistance levels are 5120- 5160-5230 and Support exists @ 4989-4958-4946.

Huge volatile movement was there today. NIFTY went down breaking so many bottoms today !!!

NIFTY 4901-4923-4937-4951-4976-4999-5041

NIFTY took 4923 as bottom around 4922.5 and ended at 4,934.75

 

[Pintu]

So, is it buying time now, as nifty heading for last barrier of resistance level ?

Regards

 

[Daredevil]

I think NIFTY will go down and touch 4800 minimum. It seems bull cartel has capitulated because of dire economic conditions in India - high inflation, high interest rates, bad infrastructure, slow growth, high import bill, high dollar/rupee value - so forth and so on. If GoI doesn't take any economic reforms forward and keep pandering with populist schemes things will go down the hill.

This is definitely a bad time to enter market if you are going to buy shares but its good time for futures and options though.

 

[Bangalorean]

Buy if you are willing to go long-term. Else, wait.

 

[Pintu]

^^^ Actually I'm talking about Long Term Investments.

Regards

 

[mahesh]

So, is it buying time now, as nifty heading for last barrier of resistance level ?

Regards

just a amateur graph by me, which shows resistance around 4736 for now.

2nd support @ 4700 3rd around from 4605 to 4530, very bottom i heard in NDTV Profit was 4200 to 4000

 

[Pintu]

Sensex snaps 8-day losing streak, gains 119 pts - www.ddinews.com

Sensex snaps 8-day losing streak, gains 119 pts

Snapping 8-day losing streak on Tuesday, the Bombay Stock Exchange benchmark Sensex rose 119 points as investors covered short positions ahead of the expiry of monthly derivative contracts amid a firm global trend.

The Sensex, which had lost 1,625 points in the last eight sessions, gained 119.32 points at 16,065.42 after moving between 16,212.95 and 15,970.11 during the day.

On similar lines, the broad-based National Stock Exchange index Nifty rose 34 points to 4,812.35 led by stocks in IT, metal, auto and tech sectors.

Brokers said the market was in the oversold position, following a 10 per cent fall this month and investors indulged in covering their pending positions ahead of the derivatives contracts settlement on Thursday and some made fresh purchases at attractive lower levels.

They said the market received further boost following firming trend in Europe on reports that ratings companies were not planning downgrade of Americas creditworthiness.

The buying activity was strong despite the rupee's falling to record levels, they added.

The MSCI All Country World Index snapped a six-day drop as US equity futures advanced.

The major contributors to the rally were Reliance Industries, Infosys, Maruti Suzuki, State Bank of India, HDFC Ltd., Tata Motors, Tata Steel, TCS and BHEL.

The IT sector gained the most by rising 1.95 per cent to 5,585.40 followed by metal index by 1.54 per cent to 10,227.92. Auto index rose by 1.08 per cent to 8,399.20 and Tech index by 1.06 per cent to 3,372.52.(ST-22/11)

 

[SpArK]

Today's positive was due to short coverings for November.The same set of stocks, which were beaten down most, gained today.

Market is still in dire straits, wait for a few more weeks to do long term by entering at the lowest levels.

 

[SpArK]

Hell of a roller coaster ride today @markets.

 

[SpArK]

Infra and metals back in reckoning..

December seems better than November.

 

[stevetracks]

Stock Market in recent past got many up & downs so here we will say that there always a great scope of risk involved under it. So as well as can say that Nifty is totally related to minimum risk of its own due to its nature.
Stock Market of india and other countries really create huge impact on international market trend

 

[Simple_Guy]

Stock markets rally to record levels for PM Modi

 

[Sourav Kumar]

Ideally this thread should have run in parallel with Indian Economy thread, after all both defence professionals and non-defence professionals must invest!

Why did this thread become muted after 2014? Was it because everyone got busy with buying rather than discussing?

 

[indiatester]

Ideally this thread should have run in parallel with Indian Economy thread, after all both defence professionals and non-defence professionals must invest!

Why did this thread become muted after 2014? Was it because everyone got busy with buying rather than discussing?

Marking it for my interest too.
Can we post our technical opinions here? Hope its not against any SEBI regulation.

 

[Sourav Kumar]

Marking it for my interest too.
Can we post our technical opinions here? Hope its not against any SEBI regulation.

Forums are for opinions, only (maybe backed by a disclaimer)

I am one of those clueless fellows who dream about investing in stock market (in india) but I am even more clueless now after going beyond PE ratio, DE ratio etc and venturing into DCF value.

If i go by DCF value of stocks, the perpetual winners (ie the likes of HUL, 3M, Asian Paints, Pidilite Industries) are perpetually overpriced by 100-700%.

If i go by "next grade" stocks, well they are overpriced too, somewhere between 0-200%.

And the stocks which are under-priced as per DCF value are such companies which may not show their real value anytime soon after all value of a stock will be shown only when lot of people buy that stock!

What can be strategy of buying well known stocks in India (not small caps but well known brands)? How is it possible to look at DCF value and then decide "Ok, i will pay a price of 20% over the DCF for this stock" or "Ok, i will pay a price of 100% over the DCF for this stock". How relevant is DCF value, especially for growth stocks? Any pointers, links where i can head to?

@indiatester

 

[Sourav Kumar]

My experiments with share market:
-------------------------------------------------

A few months back, I heard that the stocks in car, bike segment would be disrupted thanks to coming battery power over petroleum/ diesel. Then of course i bought Maruti, Bosch and Eicher Motors since i have a bad habit of not following advice. As it turns out, those three buys (as of now) are in green for me!

 

[charlie]

Let’s discuss about the different stock markets

what do you think we should wait as Dow will go down more or you guys think it recover ?

Some of those thinking of buying is

Raytheon
L3 Harris
Boeing