ALSO HOW SENSEX OR STOCK MARKET IS LIKEYLY TO BE AFFECTED BY UP COMING BUDGET IN MARCH 2007?
2007-02-11 20:00:11 · 8 answers · asked by NightStar 1 in Business & Finance ➔ Investing
Actually this kind of corrections are always expected when mkt rises for 2-3 cycle.
Also, since budgets are round the corner everyone is taking a position and transactions are high i numbers...we can expect this to go till end of this month and Mar'07 1st week
2007-02-11 20:38:55 · answer #1 · answered by archana3k1 4 · 0⤊ 0⤋
Even with the -300 correction the BSE is still trading above the 50 moving average trendline (still shows a positive trend - no reason to believe this is a signal of a change in the trend to a bear one). Look for support to stay above 14,000.
If it breaks through 14,000 then it could head south to 12,500, but I find that unlikely. I would not expect the March budget to have muvh impact either, the budget is not driving the market up, it is the global demand and the infrastructure build in India as a result of that global demand for products! the budget has alomst no impact on the global demand.
If the market dives on a negatively view budget, I would view that as a buying opportunity!
2007-02-12 10:09:12 · answer #2 · answered by random_market_investor 2 · 0⤊ 0⤋
I am sure the market will be up by atleast 100 POINTS in SENSEX tomorrow (15th FEB)
Well, true to my words, SENSEX was up 355 points on 15th FEB.
2007-02-14 12:52:49 · answer #3 · answered by justinageneralway 3 · 0⤊ 0⤋
Wait for buying opportunities - identify blue chips and start buying partially from market.
One point to remember the sensex has already peaked and it is not the right time to put your money.
2007-02-12 05:41:24 · answer #4 · answered by Raghav 4 · 0⤊ 0⤋
Dear,this is short correction and it,s healthy correction for market, I think tomorrow or day after tomorrow market will up, and next target is 4320 for march
2007-02-12 09:17:34 · answer #5 · answered by dskhared k 2 · 0⤊ 0⤋
I think for short term movements of index, http://www.crnindia.com could be visited as they track the trend of index on short term and long term and that is free in one of the links on their home page
2007-02-12 08:32:46 · answer #6 · answered by indian 2 · 0⤊ 0⤋
NIFTY TARGET 4120 4050 3940
MORE ON MY BLOG
2007-02-12 04:16:46 · answer #7 · answered by dinu_pawar 5 · 0⤊ 0⤋
maybe til mid. APR.
2007-02-12 04:03:54 · answer #8 · answered by johny1punch 3 · 0⤊ 0⤋