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Is it Time to revisit 6030ASI

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1Is it Time to revisit 6030ASI Empty Is it Time to revisit 6030ASI Wed May 21, 2014 9:18 am

SHARK aka TAH

SHARK aka TAH
Expert
Expert

ASI shedding towards 6050 would depend on SAMP, JKH making few correction 175 & 220 respectively.

CTC, NEST following similar path, However NEST may hold its worth given the recent somewhat better quarterly results.

CTC will fuel the Index falling back to 6000 & LLUB too in my opinion needs to come below, it seems that LLUB not able move up.

There few bad shares that can spoil ASI greenish outlook.

If not 6050-6030 i anticipate a correction at least towards 6130-6100 before its move again.

If the secondary move after completing the correction should see 6500, 6950.
7100 would be too over optimistic but one should not ignore.

2Is it Time to revisit 6030ASI Empty Re: Is it Time to revisit 6030ASI Wed May 21, 2014 9:47 am

dhanurrox


Vice President - Equity Analytics
Vice President - Equity Analytics

What is this.?????
Isn't JKH correction happens after falling from 300.
LLUB becoming overbought.

3Is it Time to revisit 6030ASI Empty Re: Is it Time to revisit 6030ASI Wed May 21, 2014 9:53 am

SHARK aka TAH

SHARK aka TAH
Expert
Expert

dhanurrox wrote:What is this.?????
Isn't JKH correction happens after falling from 300.
LLUB becoming overbought.
Everything is hanging on JKH movement today or this week until this shows some direction we have to be careful enough not to buy JKH at current levels.

The break out ove 237 is very critical, the market may stagnate and this could develop negative sentiments at least momentarily to drive the INDEX down.

4Is it Time to revisit 6030ASI Empty Re: Is it Time to revisit 6030ASI Wed May 21, 2014 10:13 am

SHARK aka TAH

SHARK aka TAH
Expert
Expert

Wow Market is in RED  Very Happy see the power of SHARK at least for a brief moment  Shocked 

5Is it Time to revisit 6030ASI Empty Re: Is it Time to revisit 6030ASI Wed May 21, 2014 11:45 am

VALUEPICK

VALUEPICK
Expert
Expert

Investors and traders could look for value stocks, sleeping stocks, out of favour stocks and value stocks with growth potential in a market like today. Among commodities Tea is the best bet when we compare with rubber outlook. Rubber will have demand in the long run. Until then tea is the best commodity to bet. There will be some demand for tea companies due to value and future outlook. In addition there will be demand for consumer staples and health care stocks. Power stocks too could become somewhat powerful. Companies in the above sectors will have demand for their products not only in the coming years but also in the coming decades.

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