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How to tell NSE has bottomed out
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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hisah wrote:Btw anyone noticed that NSE20 index closed the month of Jan 2012 less than 1% up... 
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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hisah wrote:Btw anyone noticed that NSE20 index closed the month of Jan 2012 less than 1% up... Be thankful that it is up amidst all this uncertainty Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:hisah wrote:Btw anyone noticed that NSE20 index closed the month of Jan 2012 less than 1% up... ... but i was a bear so i wasnt expecting any goodies. And unless the market proves otherwise, am still a bear
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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mwekez@ji wrote:mwekez@ji wrote:hisah wrote:Btw anyone noticed that NSE20 index closed the month of Jan 2012 less than 1% up... ... but i was a bear so i wasnt expecting any goodies. And unless the market proves otherwise, am still a bear i totally agree w/ u . its safer to go with the trend until the bear trend is broken ...
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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the deal wrote:hisah wrote:We will need huge entry (buy) volume to breakdown 3400 - 3500 resistance (selling zone). As in enough buyers to clean out the sellers around that level. The other critical selling zone is 4000 - 4100. When this is cleared, the bulls will be ready to go forward without fear. Still a long way before the party starts...
Also the number of NSE firms issuing profit warnings (blue chips to boot) is not yet well reflected by the prices. The bad news is not yet baked into the market IMHO esp now that I've come across a number of 'analysts' reports saying so (i.e. the market has baked it in). The optimism is still high. These analysts' reports need to become bearish to signal a major turnaround.
Support for now is still 3000 - 3070. If that breaks, it won't be funny. I see alot of life in that chat, as long as the NSE20 does not trade below 3078 we have bottomed, a break out above 3500 will confirm the bottom...for now we are still trading in the 1 year bearish channel. those weak volumes will take the index nowhere !
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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NSE20 - Volume spread say 3000 is coming up... Get ready.  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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I think good results from Agricultural counters will not let the NSE fall to 3000.
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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as long as we arent making new highs i dnt care what the index does coz its goin down !
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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FUNKY wrote:I think good results from Agricultural counters will not let the NSE fall to 3000. Other than Sasini (whose performance was a disaster), is there any other listed agricultural in the NSE-20? GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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hisah wrote:NSE20 - Volume spread say 3000 is coming up... Get ready. Cartoons.
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How to tell NSE has bottomed out
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