The last 3 weeks, the markets have rallied about 23 %. This is the most in the last 15 years. The experts have started proclaiming its the end of the bear market, a new bull market arises. I would be very circumspect now. Lets see what has taken the markets up: 1. Slew of announcements from the US government. Toxic Assets clean up plan has been touted as the fix-it all. Its allowing the private companies beneift from the mess they created in the first place. 2. Massive short covering. All the bears were caught on the back foot. I am sure the Option...
Thursday, 26 March 2009
Saturday, 21 March 2009
The Political Games begin
Posted on 22:50 by Unknown
Hi, It was a positive week for the second time in a row for the markets. The year nav pumping is on full swing. Coupled with the Put writing at 2700 strike price for March expiry, 2700 looks to be holding for this expiry. The PCR is 1.59. With such amounts of Puts being written, someone may just have other plans in mind. A sharp fall from this level will have the Put writers running for cover. For the past few months, the option writers have much huge chunks of money by the range bound movement of the Nifty. Remember, 1 fall will take away all...
Saturday, 14 March 2009
Political Uncertainty Ahead
Posted on 08:03 by Unknown
The focus is slowly shifting from the economic slowdown to political stability. Next 2 months, there will be no economic pronouncements. Whatever has to be done will be done by the next government. The next government can be a weak government. The reasons are: 1. The NDA has been weakened. BJP-BJD split means that last time they won 18 out of 21 seats in Orissa, this time that tally will come down and BJD may not support BJP after the elections. Of course, if they dont get majority on their own in the assembly elections, they can be friends again....
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