Skip to main content

S&P/ASX 200 forecast for coming week ended 7th September, 2012.

I was expecting S&P/ASX 200 to go upside in later period of this week but it failed to cross 4350 level in the upside, though it is good to see that it gets support around 4300 level. Now I am not sure about its moves in coming week but if it able to cross 4350 level in the upside then we may see better days but I want it to stay above 4350 level in later days of the coming week so that S&P/ASX able to continue the bullish trend which it is showing during last few months.

But if it failed to stay above 4300 level then its initial support is at 4250 and if it breaks that then next support is at below 4200.
I am still positive about the medium term outlook of S&P/ASX considering its lower lows which it is making during last 12-13 months and it may breaks-out from that at around 4500 level. I will move away from this bullish approach if S&P/ASX breaks around 3850 level in the downside.


NOTEPlease see the disclaimer of this blog.

Comments

Popular posts from this blog

DAX forecast for coming week ended 15th March, 2013.

This week was very good for Dax, though it is getting resistance at 8100 range. Now it has a chance to test downside again. I think even if Dax tests lower levels, it has more chance to bounce back from around 7800 range and therefore it will again test upside.

On the other hand if it shows flat movements around 8000 range in initial days of the coming week then there is a chance that it may take a decisive call in later days. Considering the recent trends it has the chance to test higher levels may be around 8200 but that will be a very aggressive call after taking in to account the movement from last December. I will worry about the downside when Dax will be testing levels below 7600 ranges.
NOTE: Please see the disclaimer of this blog.

Fed’s rate hike Vs Sovereign rating up gradation

Financial market is very much worried about the rate hike in US, probably this is going to come in coming December. But I think that is not going to change much of the things. Even Fed hikes rate in December it will be not so much, because we are forgetting one thing that interest rate in US is around zero so even they hike rate by 0.25-50% basis points (at most) in this year that will not be enough cause for Dollars to change their locations around the world especially markets have already discounted this coming rate hike in US.

A new disaster is coming in EU banking sector, whom to blame, big Audit firms!

First I was thinking what should be the title of this posting? Will it be good if I write that big audit firms set the time for EU bank collapse! If someone is thinking that financial crisis is over then think twice because the coming EU banking crisis is no way less than 2008 financial crisis. The time bomb will explode at some point of time in future, the time has not yet set for it. In that tsunami, forget about the smaller if any major banks collapse then I will not be surprise.