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FINANCIAL CHRONICLE™ » ECONOMIC CHRONICLE™ » Market is moving along 6000 line

Market is moving along 6000 line

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1Market is moving along 6000 line Empty Market is moving along 6000 line Wed Mar 30, 2016 11:30 am

EquityChamp

EquityChamp
Moderator
Moderator
6000 seems to be the equilibrium between available negative news and positive news. Two to three days decline will be recoveredthrough another two-three days up move. You are advised to buy small quantities when market decline and book profits when it is recovered. This has become now a trading market. Target for active stocks with a reasonable price range for last two weeks and try to buy at the lower band and sell towards upper band. This strategy should be based on pure statistics now. I will try to post about some suitable stocks for this strategy.
Meanwhile you also required to identify similar stocks.

2Market is moving along 6000 line Empty Re: Market is moving along 6000 line Wed Mar 30, 2016 11:54 am

Raniru


Stock Analytic
Stock Analytic
Thanx EC. Waiting for your posts.. Surprised Surprised

3Market is moving along 6000 line Empty Re: Market is moving along 6000 line Wed Mar 30, 2016 12:22 pm

VALUEPICK

VALUEPICK
Expert
Expert
We are seeing unusual personality in the market today.

I don’t think this a trading market. We will see active trading market when market becomes very strong. More we trade in this market more we will lose.

Some stocks have frozen. However, some frozen ones could become active once we see active market.

We need big break out in the market or break out in some stocks to get more confidence. However, there are great opportunities in the market depend on the personality and strategy that we have.

Still we are seeing some volatility in some stocks.

4Market is moving along 6000 line Empty Re: Market is moving along 6000 line Wed Mar 30, 2016 12:33 pm

EquityChamp

EquityChamp
Moderator
Moderator
Ok. For example let's perform some statistical analysis on GRAN. I took the date range from 14th March to 29th March. During the beriod the price range was 65.90 - 74.00. The average can be simply work out as 70. So simply anything below 70 comes close towards buy and above 70 comes close towards sell. If we have pations we could watch whether the stock falls towards the lower range which is 65.90 and if it does we can assume it is low risk given the market has stabilised and remember the stock to come this level market has to decline. And then we have to watch whether the stock moves to its higher band say towards 74 and if does we have to book profits. And if the stock should reach that level market has to move up. Its simple statistics guys.
Now if you put this statistical analysis into our trading stratergy the stock has fallen to 66 level two days back and now recovered to 69.40 so now we have an idea that it is coming close to the mid price of the range which is 70. And if the stock moves beyond that level then we have reasonable profit, isn't it . Assume if the price moves to 72 then you have a gain of 9%.

Isn't it worth during the current market context. You can think.

5Market is moving along 6000 line Empty Re: Market is moving along 6000 line Wed Mar 30, 2016 12:49 pm

Ok One


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I love you I love you I love you

6Market is moving along 6000 line Empty Re: Market is moving along 6000 line Wed Mar 30, 2016 1:38 pm

EquityChamp

EquityChamp
Moderator
Moderator
Also another factor you should consider is the beta factor. Foy you to succeed in this strategy you should select stocks with a beta value of more than 1 to ASPI. Because those shares will go down at a higher percentage than market when market goeas down and also improve at a higher percentage when market recovers. GRAN has a beta of more than 2.

For instance if we consider TJL their price range was 31.50 and 29.60 between 14th March and 29th March so the average price was 30.60.SO if you buy this below 30 you have a higher chance to sell above 31. This stock has come down twice below 30 and traded above 31 , 5 days. It is very very liquid too. You have the opportunity to realize 5% profit in very short term basis if you trade within this band. Its beta is also more than 1.

Sudgest you to do the same analysis on stocks such as LHCL, SFL,ALUF,HEXP,TAFL, etc. You should be able to make profits from them if you do your home work properly.

7Market is moving along 6000 line Empty Re: Market is moving along 6000 line Wed Mar 30, 2016 4:49 pm

samcader


Manager - Equity Analytics
Manager - Equity Analytics
Tomorrow  is  crucial
 1. SEC Chief  is  expected  to  make  a  statement  on  the  state  of  the  market
2.  There  may  be  window  dressing  to coincide  with  the  31st march  financials.

8Market is moving along 6000 line Empty Re: Market is moving along 6000 line Wed Mar 30, 2016 10:34 pm

VALUEPICK

VALUEPICK
Expert
Expert
Month of April is going go be very crucial for the CSE. If Market pass 6500 then we can have more confidence.

9Market is moving along 6000 line Empty Re: Market is moving along 6000 line Thu Mar 31, 2016 1:09 pm

EquityChamp

EquityChamp
Moderator
Moderator
I have just spoken on TJL a share wich is actively trading within a narrow price band for some time now. Today very strong on 31.80. These are the shares you should look at when the markets falling rather than blaming others nonchantedly. I am smelling reasonable profits everywhere but still we are blaming at others than adjusting ourselves. phew...

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