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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Will ASI break 6000? If so,

Will ASI break 6000? If so,

Go down  Message [Page 1 of 1]

1Will ASI break 6000? If so, Empty Will ASI break 6000? If so, Thu Apr 18, 2013 3:30 pm

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
6000 barrier is not far away. Will this bull be able to break 6000?
It needs the support of some index heavy blue chips to break 6000.

Can we expect any contribution from JKH, SAMP, COMB, HNB, NDB and other banking shares? I don’t think.

This bull needs a huge push from index heavy counters that didn’t have a great run yet like PLC, VONE, HHL, DIST, SPEN etc.

If those can’t perform, most probably this bull will second before 6000.

2Will ASI break 6000? If so, Empty Re: Will ASI break 6000? If so, Thu Apr 18, 2013 4:55 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
High time 6000 get broken. Trend is forming.

3Will ASI break 6000? If so, Empty Re: Will ASI break 6000? If so, Thu Apr 18, 2013 5:16 pm

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
if someone really needs to push the market above 6000............ then GSF is the easiest answer.

4Will ASI break 6000? If so, Empty Re: Will ASI break 6000? If so, Thu Apr 18, 2013 5:39 pm

NEM

NEM
Senior Equity Analytic
Senior Equity Analytic
Hope ASI will break 6000, but ASI can hit 6000 with manipulation also, GSF, NEST are few to try

5Will ASI break 6000? If so, Empty Re: Will ASI break 6000? If so, Thu Apr 18, 2013 5:44 pm

sahan8896


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@NEM wrote:Hope ASI will break 6000, but ASI can hit 6000 with manipulation also, GSF, NEST are few to try
Yes last time it happened but this time totally different.

6Will ASI break 6000? If so, Empty Re: Will ASI break 6000? If so, Thu Apr 18, 2013 10:53 pm

Thushara Ayya

Thushara Ayya
Vice President - Equity Analytics
Vice President - Equity Analytics
@UKboy wrote:if someone really needs to push the market above 6000............ then GSF is the easiest answer.
Ela talks...

7Will ASI break 6000? If so, Empty Re: Will ASI break 6000? If so, Thu Apr 18, 2013 11:48 pm

kalum


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I was very much positive in the last recognized bull run as well.. but it really didn't take it momentum. This time we observed very much disciplined collection and steady moment. all the hopes there. lets see Smile

8Will ASI break 6000? If so, Empty Re: Will ASI break 6000? If so, Fri Apr 19, 2013 4:33 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Some possibilities now

1) a few red days now to cool things off but not drag ASI down by a lot ( that will be bad)
2) this trend keep pushing, breaking ASI 6000 easily/comfortably and then taking a bit of a rest. If is breaks 6000, and want to take a rest , it should saty above 6000. Falling below 6000 again might not be that good.

9Will ASI break 6000? If so, Empty Re: Will ASI break 6000? If so, Fri Apr 19, 2013 7:09 am

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@slstock wrote:Some possibilities now

1) a few red days now to cool things off but not drag ASI down by a lot ( that will be bad)
2) this trend keep pushing, breaking ASI 6000 easily/comfortably and then taking a bit of a rest. If is breaks 6000, and want to take a rest , it should saty above 6000. Falling below 6000 again might not be that good.


I thk the ASI growth is consistent and growing in a acceptable manner. I am expecting, if ASI passes 6100 level then confidence will be very high then it will simply hit 100-130 points in a day. Probably it will break 6000 sooner.

@ slstock, I remember ur name during the last rally. u were confident on market when even it was 5900 level whilst I was criticizing....Smile. So what do u reckon at this time?

10Will ASI break 6000? If so, Empty Re: Will ASI break 6000? If so, Fri Apr 19, 2013 8:28 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

Jana1:



1) Already said what I felt about current market long term and short term.

After several days of green we are bound to have some red days at some point. I do not have a crystal ball to predict 100% extactly when. These days am a little worried market ran 6 days continuously.



2) I am confident about the market long term.

Kindly do not mix short term and long term goals.

For a person who collected /averaged when market was 4700+ , it does no bother when the market hits 6000 and dips for a correction.

I even hinted/told the forum the below when ASI was 4700-4800.

http://forum.srilankaequity.com/t19939-good-shares-time-to-analyze-and-post-findings-open-invitation-to-all#126086
http://forum.srilankaequity.com/t19816-some-thoughts-on-cse-market-situation-at-present


Everybody patience level and holding level is different.


Just because some of us comment frequetly ( stick with the forum during good times and bad times) we are easy targets to pick on a comment we make.


3) When ASI was 5900-6000 previously , I and even SMall was clearly saying the market was overbougt (( ASI was in the 90s) short term.


http://forum.srilankaequity.com/t23387-the-end#140128
http://forum.srilankaequity.com/t23435-what-s-going-to-happen#140340


Not sure what you want me to say during market corrections. Sell sell sell to even long term holders who does not panic on market fluctuations?

4) During any period, I like to talk about individual stocks . Some share will trade attractive even during peaks.
For example GLAS only ran to Rs 6.7 max when ASI was 6000 previosly. So a comment I made on individual shares with attraciveness on long term does not suit for short term players . They will come back and say it dropped 10% and it is your fault.


That why I do not post my analysis on the forum anymore.


@Jana1 wrote:
@slstock wrote:Some possibilities now

1) a few red days now to cool things off but not drag ASI down by a lot ( that will be bad)
2) this trend keep pushing, breaking ASI 6000 easily/comfortably and then taking a bit of a rest. If is breaks 6000, and want to take a rest , it should saty above 6000. Falling below 6000 again might not be that good.


I thk the ASI growth is consistent and growing in a acceptable manner. I am expecting, if ASI passes 6100 level then confidence will be very high then it will simply hit 100-130 points in a day. Probably it will break 6000 sooner.

@ slstock, I remember ur name during the last rally. u were confident on market when even it was 5900 level whilst I was criticizing....Smile. So what do u reckon at this time?

11Will ASI break 6000? If so, Empty Re: Will ASI break 6000? If so, Fri Apr 19, 2013 8:33 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
I think the below comment I made on Oct 3rd 2012 ( market was peak) might come in useful to different players.


http://forum.srilankaequity.com/t23435-what-s-going-to-happen#140340



We still are in overbought market. So Red tomorrow also and maybe until friday will do good for the market. After continous 20% increase of ASI there will be natural selling. Note that massive drops at large volumes are not happening which is rather good. But saw a large parcel of GRAN being sold at Rs 60 which is a large drop. Hmm. Someone might have had a margin call. But wait and see tommorow also whether it will happen again . SOme people can have inside news we don;t have. so best to watch.

Note some undervalued counters are gaining interest one by one even when the market is red. So thing are not bad as it seems. Foriegn interest also still remains. Economic conditions are not gloomy as before. Treasury bills rates are dropping.

I do not know what you holding power is? If you are in for the long term haul then I will not panic just yet. But it is your decision to sell if you are worried about short term and you cannot hold.

It all depends on your investment goals.

12Will ASI break 6000? If so, Empty Re: Will ASI break 6000? If so, Fri Apr 19, 2013 10:30 am

Hawk Eye

Hawk Eye
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Not good for those entered so late, they will have to loose a lot if it touches 6000.

13Will ASI break 6000? If so, Empty Re: Will ASI break 6000? If so, Fri Apr 19, 2013 4:04 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
See the irony is; we saw a up-trending market for 8-9 days consecutively.. These runs are not healthy. Some re-tracements have to go here and there for a successful market...

So to cool-off, ASI should at least come back to 5800 and run up slowly passing 5900 and then reach 6000.

A lot will be waiting @ 6000 to sell also and it may again bring the index down.

14Will ASI break 6000? If so, Empty Re: Will ASI break 6000? If so, Fri Apr 19, 2013 11:30 pm

Dr_CSE


Manager - Equity Analytics
Manager - Equity Analytics
I will be grateful if a senior member like Smallville or TAH or anyone could present a technical analysis on ASI. I am not a technical analyst at all, but to my naked eye I see an ascending triangle formation with each successive runs starting from last September and I expect a retracement back to 5750 -5800 levels from now onwards ( perhaps deeper if index heavy big caps like JKH started selling). I hope a long journey will start from that point onwards breaking 6000 and so forth. Please correct me if i am wrong, i am just sharing my instinct.

15Will ASI break 6000? If so, Empty Re: Will ASI break 6000? If so, Fri Apr 26, 2013 10:32 am

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics
ASI will break 6000. The question is 'When?'
Today? Or some other day?
Only 17 points more...

16Will ASI break 6000? If so, Empty Re: Will ASI break 6000? If so, Fri Apr 26, 2013 11:31 am

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Antonym wrote:ASI will break 6000. The question is 'When?'
Today? Or some other day?
Only 17 points more...
seems though today Very Happy

17Will ASI break 6000? If so, Empty Re: Will ASI break 6000? If so, Fri Apr 26, 2013 11:46 am

aero


Manager - Equity Analytics
Manager - Equity Analytics
3 points yet..

18Will ASI break 6000? If so, Empty Re: Will ASI break 6000? If so, Fri Apr 26, 2013 11:48 am

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
yes

19Will ASI break 6000? If so, Empty Re: Will ASI break 6000? If so, Fri Apr 26, 2013 11:48 am

aero


Manager - Equity Analytics
Manager - Equity Analytics
Very Happy Very Happy Laughing affraid

20Will ASI break 6000? If so, Empty Re: Will ASI break 6000? If so, Fri Apr 26, 2013 11:49 am

UAEBOY

UAEBOY
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
HIP HIP HUREY /////////// ASI 6000 Basketball cheers

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