Crucial stage for short term

Slstock · 1 Crucial stage for short term Fri Jul 27, 2012 11:37 am

Slstock

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Guys watch carefully, CSE at a crucial stage now. If ASI breaks 4950 with heavy volume today and then 5000 it might get interesting. Crossing 5100 with heavy volume might signal some good trend .

Hope for the best. But can go either way today as this might be short lived. JKH YoY results seems to have helped also. Lets see what happens by the end of the day.

Slstock · 2 Re: Crucial stage for short term Fri Jul 27, 2012 12:48 pm

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A large crossing or 2 and ?HNWI participation can help the sentiments at this stage. Else the retailers itself cannot just push it up with few thousand of shares. RICH and GLAS order books look decent but will dissapear if trend is not established.

ASI 4900-4910 appears to be a bit of a barrier. Need to break it comfortably and then head towards 4950-5000 next few days.

worthiness · 3 Re: Crucial stage for short term Fri Jul 27, 2012 1:09 pm

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4900 barrier if jumped over at closing time is remarkable with the support of HNWIs. Retailers can support the push up a bit not repeating selling for a marginal profit. Let us see what happens after 90 minutes...All the best..

sahan8896 · 4 Re: Crucial stage for short term Fri Jul 27, 2012 1:11 pm

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speculative shares not trading much,great sign. Very Happy

anjelo · 5 Re: Crucial stage for short term Fri Jul 27, 2012 1:53 pm

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this might be a changing push if done correctly and people should not cash in for a quick bulk so fast. if everyone holds for some days, then it is possible to pass around 5200

Slstock · 6 Re: Crucial stage for short term Fri Jul 27, 2012 3:00 pm

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Not massive volume but broke 4900 comfortably. But volume up from last 2 days. 1 crossing only.

First hurdle cleared. Good.

Now can the retailers not panic and hold till ASI crosses 5000 and preferably 5100. Maybe if we all contribute to have some patience it can be done with HNWI and foreigner support.

Lets hope for the best.

I and few others have been repeatedly saying from some time that the market is attractive and to accumulate slowly. Unfortunately we never can predict the exact bottom ( until it is over) and the best of news do not have to be there always for stock markets to recover atleast in the short term.

please see the below
http://forum.srilankaequity.com/t20434-bear-market-recovery-history-shows-the-path-to-recovery-is-never-smooth

http://forum.srilankaequity.com/t19816-some-thoughts-on-cse-market-situation-at-present
http://forum.srilankaequity.com/t19939-good-shares-time-to-analyze-and-post-findings-open-invitation-to-all

Play it safe. Gambling too much will not be great. Hope people did not buy Odel over Rs 26 yesterday jist because it ran. There will be more loosers than winner with gambles unless you know exactly what you are doing.

Slstock · 7 Re: Crucial stage for short term Mon Jul 30, 2012 10:36 am

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Activity in the morning is encouraging. Will it last the whole day? A few crossing can also help.

Slstock · 8 Re: Crucial stage for short term Thu Aug 02, 2012 12:07 pm

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Since i posted this last thursday, hurdle of 4900-4950 has been broken. Market so far has been encouraging and inching up. Few more participant also here at the forum than before. More news seems to be also coming. Govn officials also involved now.

Okay, let see next hurdle can be broken : ASI 5000!

rishanpossitive · 9 Re: Crucial stage for short term Thu Aug 02, 2012 12:09 pm

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Today evening or tomorrow for sure.

Slstock · 10 Re: Crucial stage for short term Fri Aug 03, 2012 12:00 pm

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Today CARS and BUKI were he main issues dragging the market down. Then some started taking profit in the weak market.

Thing to look out :

Will ASI hold around 4900-4910 or can it drop?

Can there be recovery in the afternoon ?

sahan8896 · 11 Re: Crucial stage for short term Fri Aug 03, 2012 12:28 pm

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CARS,BUKI want fall like this everyday.Grab the opportunity guys.

sahan8896 · 12 Re: Crucial stage for short term Fri Aug 03, 2012 12:45 pm

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CARS down 36 rupees but market holding tiet, not much panic.

Slstock · 13 Re: Crucial stage for short term Fri Aug 03, 2012 2:56 pm

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To be frank, I thought the CARS, BUKI situation would be worser than this today. Expected about a 10% drop of CARs/BUKI and ASI to go deeper as they are very index heavy. But the shares and the market held the shock rather decently. Also the volume wise the sales were not that much.

Lets see. what happens next week.

Slstock · 14 Re: Crucial stage for short term Sat Aug 04, 2012 1:13 am

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Further more noticed from Sri post that, out of the 28 point drop today, 23 were from CARS,BUKI,JKH,CHTR, LOLC.

We cannot predict the seller mentality in this kind of environment and what will happen next week, but if ASI drops below 4900 again is it not a comfortable zone as it can induce panic for some.

On the other hand , the num of gainer were 71 and loosers were 121 on friday which is not that bad if you look it.

If nextweek ASI keeps above 4900 and inches towards 5000 it will be a good sign. We do not need huge ups or downs.

Slstock · 15 Re: Crucial stage for short term Fri Aug 10, 2012 7:41 am

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Though this downfall below 4900 can be figured as a non healthy one, it was mainly due to
CARS/BUKI high cap effect and few others panicking and selling selected shares. Many other solid shares held ground so far. Not so much
selling also. If prices fall further maybe foreigner might buy more. So it is not all that bad of a situation. Also we see a mix set of shares performing ( earning wise) well and worse during this difficult times.Some shares it appears have further to correct. Other seems at near bottoms. So many companies still have not released results.

On technicals , I think we should watch around ASI 4820 now. There is a possibility it can drop towards 4820 during the first half of the day and recover towards the end. If by chance it falls below 4800 it is not a good sign. Else :-)

Let see what will happen.

Slstock · 16 Re: Crucial stage for short term Thu Aug 23, 2012 9:23 am

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Since the time of the post we went to upper 4900s and then came back to 4800s ( mainly due to CARS/BUKI) effect and now an important ASI 5000 psych barrier is broken.

Yesterdays trends was good and the breaking over 5000 was encouraging. Would have liked the volume to be greater but it was acceptable compared to recent performance( without massive crossings taking 70% of total).

We need to take step by step approach. Let see how 5100 is approached. If good it may even head far as 5500. But going that long is too early to tell . So let one day at a time.

Market does not go up straight always. There can be profit taking also .

Slstock · 17 Re: Crucial stage for short term Thu Aug 23, 2012 2:41 pm

Slstock

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After a small run , this is not unnatural to slow down. as mentioned yesterday. Some must be taking profit.

There were no huge drops which not bad. Let see what happens tomorrow. With today volume and selective buying of neglected counters things are not bad still.

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Crucial stage for short term

1 Crucial stage for short term Fri Jul 27, 2012 11:37 am

Slstock

2 Re: Crucial stage for short term Fri Jul 27, 2012 12:48 pm

Slstock

3 Re: Crucial stage for short term Fri Jul 27, 2012 1:09 pm

worthiness

4 Re: Crucial stage for short term Fri Jul 27, 2012 1:11 pm

sahan8896

5 Re: Crucial stage for short term Fri Jul 27, 2012 1:53 pm

anjelo

6 Re: Crucial stage for short term Fri Jul 27, 2012 3:00 pm

Slstock

7 Re: Crucial stage for short term Mon Jul 30, 2012 10:36 am

Slstock

8 Re: Crucial stage for short term Thu Aug 02, 2012 12:07 pm

Slstock

9 Re: Crucial stage for short term Thu Aug 02, 2012 12:09 pm

rishanpossitive

10 Re: Crucial stage for short term Fri Aug 03, 2012 12:00 pm

Slstock

11 Re: Crucial stage for short term Fri Aug 03, 2012 12:28 pm

sahan8896

12 Re: Crucial stage for short term Fri Aug 03, 2012 12:45 pm

sahan8896

13 Re: Crucial stage for short term Fri Aug 03, 2012 2:56 pm

Slstock

14 Re: Crucial stage for short term Sat Aug 04, 2012 1:13 am

Slstock

15 Re: Crucial stage for short term Fri Aug 10, 2012 7:41 am

Slstock

16 Re: Crucial stage for short term Thu Aug 23, 2012 9:23 am

Slstock

17 Re: Crucial stage for short term Thu Aug 23, 2012 2:41 pm

Slstock

18 Re: Crucial stage for short term

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