Market should come back to 5600

vikiperera · 1 Market should come back to 5600 Wed Sep 30, 2020 3:15 pm

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Market over bought. Foreign buying will not come due to moody effect. So no traders confident

SANJAYANM · 2 Re: Market should come back to 5600 Wed Sep 30, 2020 3:27 pm

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I don't think so.
Still the sales are absorbing by local investors.
Even Guardian investment also bought by foreign party.
Lot of local money are invested in local market due to very low interest rates on fixed deposits.

vikiperera · 3 Re: Market should come back to 5600 Wed Sep 30, 2020 3:43 pm

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මිනිස්සු ඔක්කොම සල්ලි දාන්නේ සුද්දෝ ඇවිල්ල ඉතුරු ටික ඉස්සරහට ඇදගෙන යයි කියන බලාපොරොත්තුව මත නමුත් ්‍රී ලංකාව තුළ ආයෝජනයට සුද්දො එන්නෙ නෑ

upandaway · 4 Re: Market should come back to 5600 Wed Sep 30, 2020 4:04 pm

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Unlikely, probably for only certain shares that are overvalued.
Changes could probably be seen after Q3 results

Love Boy · 5 Re: Market should come back to 5600 Wed Sep 30, 2020 4:08 pm

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vikiperera wrote:Market over bought. Foreign buying will not come due to moody effect. So no traders confident

50% agree with you. but, this is the time for Finance sector.

ONTHEMONEY · 6 Re: Market should come back to 5600 Wed Sep 30, 2020 4:27 pm

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vikiperera wrote:Market over bought. Foreign buying will not come due to moody effect. So no traders confident

Hi VikiPerera,

The outcome of the Moody's downgrade was felt earlier by CSE in which we observed by continuous foreign sales in stocks, since the post COVID19 opening of CSE.

However, net foreign buying was witnessed in Bonds during last week. The trend may reverse now.

I don't agree with your observation due to following;

The country risk was on the cards mainly stemming from the COVID19 shocks to most of the frontier markets like Pakistan. But a negative impact for respective stock markets have not recorded after the downgrade.

If the country becomes defaulting as per the downgrade by Moody's Ratings yesterday, I don't think even a Bank or a Finance company would secure any individual's deposits.

Bilateral negotiations will be the only surviving factor and heard that it is already being discussed with China and India. Please refer the following link
http://www.ft.lk/front-page/SL-looking-to-tackle-trade-deficit-with-India-Cabraal/44-706721

These days will be ideal for high level of collection and increase your portfolio. The market could react a bit for the news. However, what I feel is the ASI demand was primarily from Local investors based on the fundamentals and speculative.

Therefore, all the STOCKS which are FUNDAMENTALLY STRONG and HAVING STRONG EARINING POTENTIAL in COMING QUARTERS will absorb the any selling pressure in case of a pull back with incremental buying pressure because of the dividend and capital gain is far better than Bank's interest rate going @ 5% p.a.

However, stocks went on a SPECULATIVE note will be corrected with diminished buying pressure.

Good Luck

Eranga87 · 7 Re: Market should come back to 5600 Wed Sep 30, 2020 4:41 pm

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Maximum down ASI 5750 level. can expect at least down up to 5850 levels. but, cant expect maximum downward due to local most the retailer absorbs foreign sellings. day to day, new cash flows are coming to the market. can expect minimal corrections for the stability of the market. better to hold and collect this period. again these changes will come @ market index 7000.
the national budget on the way.. they will give encourage the capital market and attract FDI.
HURRY UP THIS IS A TIMES FOR COLLECTIONS.

Jay-Jay · 8 Re: Market should come back to 5600 Wed Sep 30, 2020 5:28 pm

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if it comes to 5600 .... . i will sell my house and invest in the Market . . . . . !!!!

technical charts indicate Market to reach 7000 - 7500 levels before the end of year .

some brokers wanted to take down the market ,,,,, with the help of Moody .... which was failed .

CARS and BUKI is the reason for market in the Red .... not the Moody .

.

judecroos · 9 Re: Market should come back to 5600 Wed Sep 30, 2020 7:09 pm

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Jay-Jay wrote:if it comes to 5600 .... . i will sell my house and invest in the Market . . . . . !!!!

technical charts indicate Market to reach 7000 - 7500 levels before the end of year .

some brokers wanted to take down the market ,,,,, with the help of Moody .... which was failed .

CARS and BUKI is the reason for market in the Red .... not the Moody .

.

Yes you are correct I will collect as much as possible like you said I will invest all my foreign hard earned money and deposits. Basketball

Junior investor · 10 Re: Market should come back to 5600 Wed Sep 30, 2020 8:59 pm

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market would come down to 5600 if only Sri Lanka lost the control of covid.

judecroos · 11 Re: Market should come back to 5600 Wed Sep 30, 2020 9:39 pm

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Junior investor wrote:market would come down to 5600 if only Sri Lanka lost the control of covid.

This will not happen again to our mother land. we can control covid19 .

vikiperera · 12 Re: Market should come back to 5600 Wed Sep 30, 2020 11:20 pm

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Jay-Jay wrote:if it comes to 5600 .... . i will sell my house and invest in the Market . . . . . !!!!

technical charts indicate Market to reach 7000 - 7500 levels before the end of year .

some brokers wanted to take down the market ,,,,, with the help of Moody .... which was failed .

CARS and BUKI is the reason for market in the Red .... not the Moody .

.

Ready to sell your house

madukp · 13 Re: Market should come back to 5600 Thu Oct 01, 2020 2:00 am

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The market is ready to race towards 7000. There will be foreign selling, downtimes. IT doesn't matter. There will be slow counters. There will be speculations in both up and downwards. It doesn't really matter as long as local investors mentality strong enough to absorb this pressure.

wealth123 · 14 Re: Market should come back to 5600 Thu Oct 01, 2020 2:09 am

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Mkt will not come down to 5,600,
Minimum will be 5,890.
Next week Mkt will start the journey to 6,250 - 6,300

Watch Bank & Finance shares.
Specially LFIN, VFIN,CFIN, PLC, COMB,SAMP, DFCC

vikiperera · 15 Re: Market should come back to 5600 Thu Oct 01, 2020 6:37 am

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Lot of people holding with 50% margin. Foreigners will not come. Market over bought . People will start to sell there margins

Promoney · 16 Re: Market should come back to 5600 Thu Oct 01, 2020 10:19 am

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vikiperera wrote:Lot of people holding with 50% margin. Foreigners will not come. Market over bought . People will start to sell there margins

How can that be? Banks and brokers don't give that higher margin after Covid. Most brokers trade on cash

fireshelter · 17 Re: Market should come back to 5600 Thu Oct 01, 2020 11:13 am

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towards 6200

vikiperera · 18 Re: Market should come back to 5600 Thu Oct 01, 2020 3:44 pm

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Let's see

market will be 5600 according to my analysis

bhanu · 19 Re: Market should come back to 5600 Thu Oct 01, 2020 9:42 pm

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We always have that guy who keep crying about market going down..

shan31 · 20 Re: Market should come back to 5600 Thu Oct 01, 2020 9:51 pm

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vikiperera wrote:Let's see market will be 5600 according to my analysis

May be day dream of yours. Market will gradually move towards 6200 in Oct and will accelerate with Q2 results

vikiperera · 21 Re: Market should come back to 5600 Fri Oct 02, 2020 10:23 am

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shan31 wrote:

vikiperera wrote:Let's see market will be 5600 according to my analysis

May be day dream of yours. Market will gradually move towards 6200 in Oct and will accelerate with Q2 results

Dreams come true

🤩

we will see

THASSIM · 22 Re: Market should come back to 5600 Fri Oct 02, 2020 10:54 am

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Market should correct itself to 5600 range.

dayandacool · 23 Re: Market should come back to 5600 Fri Oct 02, 2020 11:20 am

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Contrary to the consensus, we are heading towards 6200!!!!

THASSIM · 24 Re: Market should come back to 5600 Fri Oct 02, 2020 11:46 am

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We will even head towards 7000 but after the correction.

dayandacool · 25 Re: Market should come back to 5600 Fri Oct 02, 2020 11:52 am

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THASSIM wrote:We will even head towards 7000 but after the correction.

I get your point. But we have tested 6000 twice now and I don't see it dropping below 6000 before reaching 6200 again.

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Market should come back to 5600

1 Market should come back to 5600 Wed Sep 30, 2020 3:15 pm

vikiperera

2 Re: Market should come back to 5600 Wed Sep 30, 2020 3:27 pm

SANJAYANM

3 Re: Market should come back to 5600 Wed Sep 30, 2020 3:43 pm

vikiperera

4 Re: Market should come back to 5600 Wed Sep 30, 2020 4:04 pm

upandaway

5 Re: Market should come back to 5600 Wed Sep 30, 2020 4:08 pm

Love Boy

6 Re: Market should come back to 5600 Wed Sep 30, 2020 4:27 pm

ONTHEMONEY

7 Re: Market should come back to 5600 Wed Sep 30, 2020 4:41 pm

Eranga87

8 Re: Market should come back to 5600 Wed Sep 30, 2020 5:28 pm

Jay-Jay

9 Re: Market should come back to 5600 Wed Sep 30, 2020 7:09 pm

judecroos

10 Re: Market should come back to 5600 Wed Sep 30, 2020 8:59 pm

Junior investor

11 Re: Market should come back to 5600 Wed Sep 30, 2020 9:39 pm

judecroos

12 Re: Market should come back to 5600 Wed Sep 30, 2020 11:20 pm

vikiperera

13 Re: Market should come back to 5600 Thu Oct 01, 2020 2:00 am

madukp

14 Re: Market should come back to 5600 Thu Oct 01, 2020 2:09 am

wealth123

15 Re: Market should come back to 5600 Thu Oct 01, 2020 6:37 am

vikiperera

16 Re: Market should come back to 5600 Thu Oct 01, 2020 10:19 am

Promoney

17 Re: Market should come back to 5600 Thu Oct 01, 2020 11:13 am

fireshelter

18 Re: Market should come back to 5600 Thu Oct 01, 2020 3:44 pm

vikiperera

19 Re: Market should come back to 5600 Thu Oct 01, 2020 9:42 pm

bhanu

20 Re: Market should come back to 5600 Thu Oct 01, 2020 9:51 pm

shan31

21 Re: Market should come back to 5600 Fri Oct 02, 2020 10:23 am

vikiperera

22 Re: Market should come back to 5600 Fri Oct 02, 2020 10:54 am

THASSIM

23 Re: Market should come back to 5600 Fri Oct 02, 2020 11:20 am

dayandacool

24 Re: Market should come back to 5600 Fri Oct 02, 2020 11:46 am

THASSIM

25 Re: Market should come back to 5600 Fri Oct 02, 2020 11:52 am

dayandacool

26 Re: Market should come back to 5600

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