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Mumbaibull.com predicts Indian Stock Market Trends for 12-01-2005.
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We would like to suggest that sensex and nifty are set to move down in net value in next 15 - 30 days. You may see small corrections. The RSI is at around 43 and is showing a negetive trend. We strongly reccommend booking profits and avoid fresh investments.
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Mumbaibull.com predicts Indian Stock Market Trends for 15-11-2004.
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These predictions are based on purely technical analysis. Self must analyze these predictions before making any buy / sell decisions. Read the disclaimer before making taking any action.
Also note that these are just trend predictions and not pure buy sell recommendations. There may be fundamentally very sound stocks, which may not be worth selling at current levels. Visit Stock Market Guide for learning about stock analysis.
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Index/Script
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Current
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Target
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Stop Loss
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Trend
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BSE Sensex 30
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5985
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6200
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5950
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Near Top
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ACC
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270
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285
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265
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Up
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Infosys
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2025
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-
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1925
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Near Top
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HDFC
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694
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710
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685
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Up
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HDFC Bank
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470
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495
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462
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Near Top
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Moser Baer
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195
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223
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185
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Up
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Investment Advice
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Sensex near 5800 points. Should I continue to buy or book profits? Date: 07-10-2004
Sensex has reached 5 months high. So what should I do? The fundamentals of many socks are good. But Rising crude oil prices, Inflation rates, and some negetive speak ( private sector reservatons) are the worrying factor with respect to fundamentals. On technical analysis and RSI in particular say you sell the Index. But few of the stocks are trading at relatively low PEs. Is it worth selling them? Definetey not. Look into stock to stock basis. If some of the stocks have abnormaly risen withou fundamentals to back it up, definetely you need to sel them and swith to stocks like chennai petro etc. Discuss more about stocks at the indian stock forum
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Sensex can I sell?
Date: 07-08-2004
Sensex is all set to start its south journey. We ask all our visitors to start booking profits immedietely. Short positions may be built once SENSEX goes below 5100. Short bursts of upward movement of 50-100 points may very well be used to sell stocks. Taking short positions in FUTURES and OPTIONS is higly adviced.
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Indian Stock Market - Reviced targets for indeces
Date: 26-07-2004
The technicals particularly the RSI has given a clear indication that market is all set to move upwards. Here are our reviced targets.
SENSEX - BSE:
1 Year target - 5600
6 months target - 5400
3 months target - 5200
NIFTY - National Stock Exchange:
1 Year target - 1800
6 months target - 1700
3 months target - 1675
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Has the right time come to invest in Indian stock markets? Date: 19-06-2004
The SENSEX is hammered to 4770 and NIFTY at 1491, one may think it as the right time to enter the stock markets of India for value buying. Although the 6 month projection of SENSEX by mumbaibull.com is placed at 4250, we still recommend buying in select scrips like MOSER BAER, KARNATAKA BANK, MTNL etc which are fundamentally strong for short term gains. Around budget, SENSEX is again expected to test 5000 levels when one can safely offload these stocks for handsome gains.
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Impact of election results on Indian stock markets.
Election results are out. What next? Whether to stay put on stock markets? shd make new investments? Take out investments slowly?
The election results surely mean an unstable government. Let us hope that congress alliance will get repeated support from other parties whenever someone pulls out support as happened to NDA. Still the odds are unlikely to happen and market is bound to suffer.
So, what should be the course of action taken by the small investor? We at www.mumbaibull.com believe that: opportunities will come to small investors to sell there holdings at every rise in sensex. Try to come out of the market safely. And wait for the sensex to reach 4000 and start investing.
The positive of this election results is, it will provide an opportunity for small investors to enter the market at lower levels.
Sell off the holdings at each climb of the market and wait for our advice on future course of action.
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