2006-07-07 04:22:56 · 7 answers · asked by adiadisan 1 in Business & Finance ➔ Investing
There is no need to guess, my friend, you can see it in the numbers.
What you need is a couple of parameters set into your charting software that will tell you the general direction of the markets. I personally use http://www.bigcharts.com/ but I do not know if the Indian exchanges are listed there. (I have noticed that the biggest problem with trading overseas shares is that there is very little information available and what is available is quite expensive vis-a-vis American websites...) But if you can find a charting site that has the Indian market on there, then here is what to do...
Choose your parameters of OBV (On-Balance Volume...) and MACD, plus whatever else you want, like RSI or Momentum. The On-Balance Volume is a leading indicator and will predict the market's action for the coming minute or week. If the OBV is trending up, then it will continue up. If it is beginning to flatten out and decline, then the market is soon to decline.
Use the MACD (Moving Average Convergence/Divergence...) to tell you how long the trend will continue. The farther away the two lines (i.e., the more divergent they are...), the longer the trend will stay in effect. As they move closer together (converge...), the more likely a change will occur in first the OBV and then in the markets.
Of course, in today's markets, where any news at all is used as an excuse to buy or sell, it is difficult to predict from one day to the next. After the market stabilises, you will find this system very reliable indeed.
Oh, and as to the Asian markets...don't be fooled because they are first as the sun comes up. They are second when the markets go down and that is the important thing. The Asian markets rarely lead the US markets. Rather, they tend to follow the US quite closely.
Best of luck to you!
2006-07-07 04:51:50 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Hi,
u can see the NASDAQ closing trend and analyse to a extent. and in the morning the rest Asian markets will also help in determining the Indian stock market direction. If u are looking for a specific stock the u have to collect information from various websites and analysts poll on the websites to get a fair idea.
Kiran
2006-07-07 11:27:43 · answer #2 · answered by Kiran . 1 · 0⤊ 0⤋
You can't really guess it as you would require analysts working for years at the indian stock market to be advising you.
But I can say that you can avail of free newsletter at the following site and even go through other phases of the site(a wonderful one on indian stock market) - http://crnindia.com/
2006-07-10 08:39:04 · answer #3 · answered by Oye chak de phatte!! 5 · 0⤊ 0⤋
If you really want to play the markets and make a lot of money, then learn financial astrology. That was your hot tip of the year.
2006-07-07 11:27:13 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Do you own a magic 8 ball?
2006-07-07 14:18:51 · answer #5 · answered by frugernity 6 · 0⤊ 0⤋
well you should know how to play the game
2006-07-07 11:28:39 · answer #6 · answered by Anonymous · 0⤊ 0⤋
i dont know
2006-07-07 11:24:24 · answer #7 · answered by blaaaaah 2 · 0⤊ 0⤋