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Short Term Market Projections of Dow,Nifty, Sensex - Bhikka Modi
| From : Bhikka Modi at 10:16 PM - Jun 09, 2010 ( ) |
Share it on FacebookI notice there's alot of confusion out there......... one day people are talking about Bullish Trend then the very Next day they are talking about Bearish Trend...its pretty amusing to me....as shared earlier in May end that
1) Nifty is Range Bound 4800 - 5150 unless breaks on the either side
2) Dow is also Range Bound 9765 - 10300 unless breaks on the either side
3) In Best Case Scenario i have said Dow 10450 & Sensex 17400 but still the Trend will remain Down
4) With God's Grace & with Proper Technical readings market has'nt proved me wrong , Yesterday even before Dow had started Trading ,i projected that Dow will take Support of 9765 & bounce to test 10000 in this week itself .....well in just 2 trading sessions after having touched 9758 ( yesterdays low) & Closed @ 9940 , todays Intra Day High is 10000........
5) So Now what can happen from here On...........all of a sudden there's too much of pessimisim among the TV Channels Idiotic Analyst & the Copy Cats Analyst around elsewhere so i don't see the market to continue falling from here FOR NOW
6) Read Carefully the Levels & Pls. don't act Stupid as i am NO GOD of Stock Market.......... just a human who can Read Technicals Correctly & well in Advance then these Idiots who call themselves Chartist / Analyst
Today if Dow can Close Above 10000 with Good Volumes & can sustain this level tommorow also then it will head Up once again to test 10300 & then 10450
7) Now about Our Indian Market which is still a Slave of US Markets.......... if Sensex Can Close Above 16800 with Good Volumes & can sustain it for another day then it will head to Test 17150 & then 17400
8) Now if asked for My Personal View on this then I SEE Dow once again heading back to Test 10300 as long as 9800 is holding on down side
& Sensex seems like heading to Test 17150 as long as 16300 is holding on downside of Sensex .... today Closed @ 16658
Disclosure..... today when all European Markets were -0.5% from +1% , Dow Futures was -50 points & Sensex / Nifty were Mildly Negative i have given a Buy Call on Nifty 5000 CE in range of 92-98 with a StopLoss 69 & Target of 135........... i could be wrong but at that point of time this Trade seemed logical & very lucrative....
Rest ......as it when happens
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TERROR Alert for the Bulls ......... Dow Jones has made a New Low 9754............ Close Below 9750...... then only 1 thing comes to mind for the Bulls........... RIP
Even if Closes Above this Level still will face Resistance @ 10000 in this Week & then 8800 is coming
After having Fallen -270 points yesterday its still fallen -115 points today..... Hip Hip Hurray for the BULLS......... Expect Panic Selling in All Emerging Markets anyday , anyminute..... or may be its started already ?
There are many COPYCAT Analyst for whom its in SELL zone one day & BUY zone the next day ..... StopLoss of 80-100 points is given ..that too on Closing Basis without Projected Target but after 80-90 points the position gets Squared Off...... well there's a Reason why i am Envied because these CopyCats can't even Anticipate Nifty properly while i am giving Dow , Shanghai , Dollar Index , Nifty & Sensex Levels........ earlier these Copycats argument was what impact can Dollar Index have on Indian Markets..... i tried Explaining but since they were still living in StoneAge they could'nt understand & now after 3-4 months they are keeping eyes on Euro Movements also that too Intra Day........ its nice to see these people trying to be Literate now...
1 ) As suggested few days ago China has been in range from 2490-2600 for entier June'10 & today has Broken Down from that Range..now @ 2440
2) Dow could'nt close above 10450 now finding it tough to cross 10200 also Volumes are on Lower side even after it fell some 450 points in 3 trading sessions only..
3) Nifty ...too many Bulls emerged outta nowhere......even the Bearish one's were talking about 5500........... & that Ruined the Party for the bulls........ keep in mind The Exchange makes the Most Money when Crowd is Wrong & that's what happening Calls were Damn Expensive since Thursday & i had warned about it that i see Correction
4) Nifty Weekly Chart has Grave Stone Doji Pattern after Last Weeks FLAT Closing
5) Europe Futures trading in -1.5 % - 2% in Negative , Dow Futures -71 ( 0.7%)
6) The Big Real Bears always Enjoy the Most when standing Alone.....gives confidence...........todays Closing in Negative should Come with Bigger Volumes than compared to yesterday for BEARS to get Hold of the Market........ 5300 CE has been taken over by Bears so far but that can change till closing .......today Closing Below 5250 will Open the Gates to Test 5180 / 5150 ( these levels are Very Crucial Support on Nifty)
rest as it when happens..........
| From : Rakesh Goel at 09:29 PM - Jun 24, 2010 (2 minutes ago) |
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| From : Bhikka Modi at 08:26 PM - Jun 07, 2010 (17 days ago) Reply to Bhikka Modi | |||||||
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| Replied for :- PwP + WE ALL - Mon June 21, 2010 - Sunny ( Technical Calls ) | ||
| at 03:23 PM - Jun 21, 2010 (3 days ago) | ||
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Till then Dow had'nt broken Below 10340 ( 200 SMA) but it did on Tuesday so that puts Question Mark of the Rally to Continue ...... Dow Major Resistance Level will be 50 SMA which is around 10600 right now
1) Dow was not able to Close Above 10450 .... intra day rallied till 10594 ( 50 SMA) & Crashed to Close Below 10450 the very same day , then day before yesterday had closed Below 10340 ( 200 SMA) even yesterday stayed below 200 SMA & seems like today also will not be able to cross 200 SMA
2) China......From June 1 it has been below 2600 till date June 24 , in a Range of 2490 - 2600 for more than 18 Trading Sessions
3) I was'nt expecting Nifty to break Above 5250 & Sensex Above 17400 But IT Did.......... Dow & China did'nt break Above my Forecasted Level ....but then again Indian Stock Markets are SLAVE of FII's & they have been Buying like Idiots from past 7 days & so that Pushed Nifty & Sensex Above the Levels i was Not Expecting .......but its Ok..... the Big Bears will Enjoy this Extra 100 Points that FII's have Gifted them
4) Keep EAGLE EYES on DOW & CHINA...... Dow should'nt Break & Close Below 9765 the Low it made in May'2010 & Retested that Low in Early June'2010 .......China should'nt Break & Close 2490 ......... Dollar Index should'nt Break & Close Above 91.50............... Because if these 3 things happened then Short & Medium Term Investors will become LONG TERM INVESTORS.......... in Jan 2010 i warned at the Top in April 2010 i again warned at the Top & now in June 2010 i am once again warning Closer to Top..............
5) Not spreading Panic Friends..... just warning Trade with Levels & Don't Listen to RETARDS who are talking about New Highs by Year End......... because Fundamentally , Technically , Logically i can Find 100 Reasons for this Market to go Down but can't find 1 Valid Reason for this market to make New Highs........... i say this because i can't see Dow breaking Above 11300 the Recent High if this won't happen then can u believe Nifty can keep rallying?
6) Nifty has its most Critical Support @ 4500...... if Nifty can hold this Level on DOWNSIDE for NEXT 12 MONTHS from here then Consider Stock Markets Armagedon is Over & Indian Stock Markets have come out as WINNER.....
7) Always Trade what you See & Not what you Believe
8) Its Time to Be FearFul when Every1 else is Greedy
will catch you Guys next week
Sir what will be the effect of companies like Cairns...because...of the news of British petro? thanks & Regards
Dow Lost all its gains & Europe Futures turned -1% Negative ................ because the Oil Well Leak that BP was working on has Exploded & there's now a news in the market that BP will Go Bankrupt.......... now why would'nt news like this put pressure on markets.... Europe will be effected more with news because BP ( British Petroleum ) is an European Company...................................... but do not worry because all what matters is where Dow Closes ..if it closes Positive there's No Need to Panic ..... but keep in mind when playing in Futures & Carrying Overnight Long Positions......... there are way too many bad news in the market that you would'nt know when , how & why Dow will react on any of those news
OUR MUDRA ECONOMIST AND TECH. MASTER.....GOOD ONE SIR....
BM...nice,staright to point, simple words so no confusion........Just gr8...........:) Thanks.......
OH WONDERFUL DEAR B M MODI SUPERB JOB OF A GENIUS
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