HOT TOPIC NDB AND ASPI???

piras · 1 HOT TOPIC NDB AND ASPI??? Sat Nov 28, 2015 10:35 pm

piras

Assistant Vice President - Equity Analytics

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Guys, I'm not new to the market. Hope you will have lot of questions these days. There one question may be regarding NDB.
For new investors it may be bit hard to abosrb this drops. But it's common in all markets. I'm a technical trader.

Technically NDB's drop couldn't be predicted. Even I have bought NDB at 260 and then averaged and 240. But later on I could catch NDB is going to touch below 200.
ThenI stopped buying.

What is next:
Fundamentally I see NDB is a good share but technically I see it will go down a bit but not below 182.
182 is worst price and unlikely to touch, but next prices I would like to add are 193, 189-190 and 182.
But keep in mind this is a diaster for NDB, disaster almost going to end and NDB will go up again towards 300 levels.

Update about ASI:
After budget everybody expected market will go up sooner than later. But it went down sooner than later.
This is the behaviour of CSE. Long term I'm bullish about CSE but short term worst case ASI may touch 6920 but I don't think below....

Yahapalanaya · 2 Re: HOT TOPIC NDB AND ASPI??? Sat Nov 28, 2015 11:08 pm

Yahapalanaya

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piras wrote:Guys, I'm not new to the market. Hope you will have lot of questions these days. There one question may be regarding NDB.
For new investors it may be bit hard to abosrb this drops. But it's common in all markets. I'm a technical trader.

Technically NDB's drop couldn't be predicted. Even I have bought NDB at 260 and then averaged and 240. But later on I could catch NDB is going to touch below 200.
ThenI stopped buying.

What is next:
Fundamentally I see NDB is a good share but technically I see it will go down a bit but not below 182.
182 is worst price and unlikely to touch, but next prices I would like to add are 193, 189-190 and 182.
But keep in mind this is a diaster for NDB, disaster almost going to end and NDB will go up again towards 300 levels.

Update about ASI:
After budget everybody expected market will go up sooner than later. But it went down sooner than later.
This is the behaviour of CSE. Long term I'm bullish about CSE but short term worst case ASI may touch 6920 but I don't think below....

Yes I agree it will go up medium to long term.
But if I am in your situation I would switch my bank shares to financial institutions for short to medium term benefits.We could see those results in coming quarters.Everyone has their own srategey.

Teller · 3 Re: HOT TOPIC NDB AND ASPI??? Sun Nov 29, 2015 12:17 am

Teller

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@Piras ,agree with you but the behaviour of CSE is so complicated to understand. Some times it goes up with out having any reasons. Some times it never react with bullish news.

charith666lk · 4 Re: HOT TOPIC NDB AND ASPI??? Sun Nov 29, 2015 4:40 am

charith666lk

Senior Manager - Equity Analytics

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piras=Hobbyinvester or pirs copy hobbyinvester...... tongue

worthiness · 5 Re: HOT TOPIC NDB AND ASPI??? Sun Nov 29, 2015 1:56 pm

worthiness

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Revival of banking sector is visible but not soon. Apparently, most of leading banks will produce better corporate results at year end closing. Next year operations would absorp budgeted consequences positively or negatively that could be measured by the last quarter. It is too early to predict nest year banking sector performance now.