Has a Sell Rating since 28-06-2010 with a Target of 1905.00
Comments
Sell HDFC BANK Target RS 1905 SL at RS 1973 Rubber-band reversal pattern, Support of RS 1970 broken. RS 1935 (20 DMAl) level crucial,
bounce-back from this level can be possible.
NEW YORK, March 10 (Reuters) - U.S. stocks added to losses on Monday, with all three major indexes down more than 1 percent each, as financial shares fell sharply on concerns about the credit markets
NEW YORK, March 10 (Reuters) - U.S. Treasury debt prices jumped and global stocks slipped on Monday as deteriorating credit conditions spooked investors and sparked rumors that Bear Stearns could be on the brink of bankruptcy
When the the market was opened high (with asian markets were in GREEN) Experts comment indian mkt is +ve ..
But visu, alerted a month ago.. the sooner it raises it falls below the previous close.. (since it is not -ve in morn.. also not +ve in eve) so, we remined as ALERT, saying that don't go with greenery.. there is well behind it...!!(an ALERT)
Hope U will agree with visu.. (not a guess..!) with SB TEAM..!!
Regarding banking scrip..
MTM losses in forex trades for Ind. Coy could be $ 3 to 5 bn. And the banks recover will be very(repeat VERY) difficult..! (now the bank strike ...?!!)
That is so, visu posted to SELL State Bank, which is disagreed with your counter post..!!
welcoming your constructive arguments... and comparative pats..!!
Glad to see your comments as they are always welcome. :)
But as with all your alerts, i didn't quite get your 12th march alert either. Was it for going down or for up? You never clearly mentioned anywhere. Moreover, nothing really happened on the 12th other than a huge gap up.
But yes, your thoughts are always provocative and nice to see.
Yes, girija, i agree that bank stocks have been underperformer. But i guess HDFC looks worse than the others. :)
Dear Prasoonji,
Thanks for ur nice suggesions. I propose we stocks buddys must chat online so that instant tips can be passed as well as news also. I propose we all join on Yahoo chat room mumbai global Room9.
thanks
Madhav
I am not questioning your ability to "predict" stuff as you have already proven time and again. But this time around though, March 12th alert was not very clear.
When you say U turn, was it U turn going up or going down. Because if it is UP, it did not go up. If it is down, then it is assumed that a U turn is made when you are way up. When you are already down from 21K to 15K, what more turns do you need for sensex to go down from there? :)
Once again, this is NOT to question your abilities as i respect that. But at times it is annoying to see the same ALERT message that goes nowhere. :)
Your statement.
Jan. 03 it was 21k - ALERT BY VISU given that "U" turn in March 12th. Now it is 15k,
U turn was made around Jan 12 itself and hence the confusion of what is March 12 (and i am guessing you were still invested in the market between Jan 12 and March 12). I see a chart that does NOT show any U turns other than the Jan 12th or thereabouts. :)
http://in.finance.yahoo.com/q/bc?s=%5EBSESN&t=3m
May be i am missing the U turn in the chart. :)
Visu. Bottom line is, everyone knows you are extremely knowledgeable. You do NOT have to explicitly quote the same in every post of yours.
SB's: Just go through 100's of posts made by Visu. You are definitely bound to learn quite a lot. I did.
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