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Sri Lanka Equity Forum » Stock Market Talk » ASI direction !!

ASI direction !!

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1 ASI direction !! on Tue Nov 15, 2016 1:05 pm

Maharaja


Manager - Equity Analytics
Manager - Equity Analytics
I see market searching for direction and lack of institutional buying. 

Next support level - 6370

If it breaks 6370 then there is a big fall !!



Maharaja

2 Re: ASI direction !! on Tue Nov 15, 2016 1:55 pm

TARGET


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Gonraja kalin kiwa neda gewal dorawal wikunala shares ganna kiyala lol!

3 Re: ASI direction !! on Tue Nov 15, 2016 1:57 pm

tkc

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I expect a downturn in December too. Ready for the worst. Collect fundamentals and stay strong/hold and believe in your stocks (If only they are fundamentals).

4 Re: ASI direction !! on Tue Nov 15, 2016 2:36 pm

kassachandimal


Manager - Equity Analytics
Manager - Equity Analytics
What are your picks mr tkc ?

5 Re: ASI direction !! on Tue Nov 15, 2016 4:46 pm

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Maharaja wrote:I see market searching for direction and lack of institutional buying. 

Next support level - 6370

If it breaks 6370 then there is a big fall !!



Maharaja

6 Re: ASI direction !! on Tue Nov 15, 2016 7:48 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Institutional buyers will not leave the market simply. They get the maximum advantage of current situation. If market turnover increases in next couple of weeks comparing to past that could be a surviving signal....

7 Re: ASI direction !! on Wed Nov 16, 2016 11:35 am

sisira.wijeweera


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Maharaja wrote:I see market searching for direction and lack of institutional buying. 

Next support level - 6370

If it breaks 6370 then there is a big fall !!



Maharaja
now 6387 
This is the time buy.... but if 6370  break???

8 Re: ASI direction !! on Wed Nov 16, 2016 11:40 am

Maxime


Senior Equity Analytic
Senior Equity Analytic
ASI before end of this year can move up 6650+

9 Re: ASI direction !! on Wed Nov 16, 2016 12:01 pm

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
“A prediction about the direction of the stock market tells you nothing about where stocks are headed, but a whole lot about the person doing the predicting.”
                                                                -Warren Buffett-

10 Re: ASI direction !! on Wed Nov 16, 2016 12:04 pm

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Maxime wrote:ASI before end of this year can move up 6650+
We all like the indices going high. Could you please give reasons for your prediction, which i am sure will be appreciated by all.

11 Re: ASI direction !! on Wed Nov 16, 2016 12:44 pm

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Jaya wewa yahapalanaya!!!!

12 Re: ASI direction !! on Wed Nov 16, 2016 1:00 pm

g@ii


Equity Analytic
Equity Analytic
@Maxime wrote:ASI before end of this year can move up 6650+
Highly doubtful..... First budget is not transparent enough (Never knows whether what budget proposals will be implemented). US interest rate hike is possible in near future, No one knows what is there in pipeline.

13 Re: ASI direction !! on Wed Nov 16, 2016 1:13 pm

sisira.wijeweera


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@sisira.wijeweera wrote:
@Maharaja wrote:I see market searching for direction and lack of institutional buying. 

Next support level - 6370

If it breaks 6370 then there is a big fall !!



Maharaja
now 6387 
This is the time buy.... but if 6370  break???
aiyooo dan 6373  buy karamu buy karamu poda poda

14 Re: ASI direction !! on Wed Nov 16, 2016 2:03 pm

g@ii


Equity Analytic
Equity Analytic
@Maharaja wrote:I see market searching for direction and lack of institutional buying. 

Next support level - 6370

If it breaks 6370 then there is a big fall !!



Maharaja
Waiting to see the big fall!!! Should wait till precise time for collection!!!  Twisted Evil Now @ 6391

15 Re: ASI direction !! on Mon Nov 21, 2016 1:39 pm

Maxime


Senior Equity Analytic
Senior Equity Analytic
ASI strong support 6272

16 Re: ASI direction !! on Mon Nov 21, 2016 1:53 pm

EquityChamp

avatar
Moderator
Stop predicting the ASPI direction. Start acting collection of undervalued stocks. Some companies are trading at a PE of less than 4 and can reach 3 levels. We have a lottery in our reach. Who can be the winners????

17 Re: ASI direction !! on Mon Nov 21, 2016 2:14 pm

Lucky Gamage

avatar
Manager - Equity Analytics
Manager - Equity Analytics
E.C. can you share some stock should buy at this level but not a high price share.. i would like to buy a share price below 30/-

18 Re: ASI direction !! on Mon Nov 21, 2016 2:22 pm

TARGET


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
if you searching penny, csf and pchh are the best at these prices.

19 Re: ASI direction !! on Mon Nov 21, 2016 2:25 pm

Lucky Gamage

avatar
Manager - Equity Analytics
Manager - Equity Analytics
How many shares trade below Rs.30/- in the market.. i need to know the few best out of those but not a Scrap...

20 Re: ASI direction !! on Mon Nov 21, 2016 2:31 pm

TARGET


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@TARGET wrote:if you searching penny, csf and pchh are the best at these prices.
And this is not for babies... Very Happy

21 Re: ASI direction !! on Mon Nov 21, 2016 6:45 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

22 Re: ASI direction !! on Mon Nov 21, 2016 7:40 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@stockback

What is the immediate & penultimate support levels?

23 Re: ASI direction !! on Mon Nov 21, 2016 8:52 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@worthiness wrote:@stockback

What is the immediate & penultimate support levels?


Ravi mama aran giya....

dan ithin ithuru wechcha deyakani api mokak hari chart ekak hadagamu

24 Re: ASI direction !! on Mon Nov 21, 2016 8:57 pm

Maxime


Senior Equity Analytic
Senior Equity Analytic
from tomorrow Green market alien

25 Re: ASI direction !! on Mon Nov 21, 2016 11:15 pm

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
just spoke to my research guy ! he told me mkt will take a bad hit due to the tax policy and possible rate hike in the us! how much funds will go back to usa or rather if there any usa funds in the local mkt ! good to know ! do your research ...............just an advice ! i have no long term holding power

26 Re: ASI direction !! on Tue Nov 22, 2016 8:14 am

shadow walker

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
@worthiness wrote:@stockback

What is the immediate & penultimate support levels?

5960

27 Re: ASI direction !! on Tue Nov 22, 2016 9:34 am

EquityChamp

avatar
Moderator
Yesterday's ASPI drop to 6275 pushed the RSI deep into oversold region. RSI reduced further to 18.4 which is an absolute oversold. Market should come to a point of stabilization soon. However the possible margin calls can trigger a chain reaction leading the market to deep into oversold region before stabilization.

28 Re: ASI direction !! on Tue Nov 22, 2016 10:52 am

Miss-Sangeetha

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
President-elect Donald Trump says the US will quit the Trans-Pacific Partnership trade deal on his first day in the White House subsequently there will be a trade turbulence in EU countries.

 New trade equilibrium going to set up around the world’s trade after the President-elect Donald Trump’s office, more possibility of massive selling pressure around the world.

 But time to time Teller's PV inner analysis may show bullish when comes to HEXP

29 Re: ASI direction !! on Tue Nov 22, 2016 11:27 am

EquityChamp

avatar
Moderator
Persistent selling will bring down the market to deep oversold region. Sometimes RSI may reach 10 level by the end of this week. No signs of the returning of bargain hunters.

30 Re: ASI direction !! on Tue Nov 22, 2016 3:18 pm

EquityChamp

avatar
Moderator
Today's fall of ASPI to 6255 dropped the RSI to 16.9. It was seen a late recovery towards the end of the day's trading. World indices too witnessed a recovery. All these means an upward index tomorrow?? We will see it tomorrow.

Thanks

31 Re: ASI direction !! on Tue Nov 22, 2016 7:53 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
we are in Key support level.  I expect bounce back. will see....

32 Re: ASI direction !! on Thu Nov 24, 2016 3:20 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@stockback wrote:


any ideas...

33 Re: ASI direction !! on Thu Nov 24, 2016 3:53 pm

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
@stockback wrote:
@stockback wrote:


any ideas...

The pattern is lost and forming a new pattern to reflect the budget, VAT, global conditions.
The patterns works only on stable environments.

34 Re: ASI direction !! on Mon Nov 28, 2016 9:09 pm

Brinthan

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I think 6100 is the very good support level.If 6100 break.. only GOD WILL SAVE US..... Sad


Oh god please save us from CSE disaster cheers

35 Re: ASI direction !! on Mon Nov 28, 2016 11:05 pm

EquityChamp

avatar
Moderator
@Brinthan wrote:I think 6100 is the very good support level.If 6100 break.. only GOD WILL SAVE US..... Sad


Oh god please save us from CSE disaster cheers

You fear on this downfall. I am licking my lips tongue

36 Re: ASI direction !! on Wed Nov 30, 2016 9:19 pm

Brinthan

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Thank god..Today turnaround is good & boost retailers cobfidence.Now i belive from tommorow onwards ASI start its next run and it touch 6500 mark again

37 Re: ASI direction !! on Wed Nov 30, 2016 10:23 pm

EquityChamp

avatar
Moderator
Are you fear?

38 Re: ASI direction !! on Wed Nov 30, 2016 10:31 pm

Brinthan

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@EquityChamp wrote:Are you fear?
Why not...? Definetly EC Sir.The money what i was invest 100% my hard earn money.

39 Re: ASI direction !! on Wed Nov 30, 2016 10:40 pm

EquityChamp

avatar
Moderator
Me too but I am confident that my money is not on casino stocks they are on value which will come along a some day.

40 Re: ASI direction !! on Wed Nov 30, 2016 10:47 pm

Brinthan

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@EquityChamp wrote:Me too but I am confident that my money is not on casino stocks they are on value which will come along a some day.
Yes.EC Sir.I also have that same confident.But what to do?  companies perform well.But shares move according to the ASI.Thats the issue we face here.

But one of the happiest thing is these kind of up and down markets create lot of trading opportunities... Very Happy

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