Markets recovered smartly from 4143. Is the market gearing up for a pre-budget rally?1. The rains have been delayed. The Met dept now talks of 93% of normal rains with a error rate of 8%. So we may go from 101% of normal to 85% of the rains. The picture isn't clear yet, it will take at least 2 weeks for the picture to be clear.2. There are sky high and unrealistic expectations from the budget. From disinvestment to tax exemptions limit increasing. 1 thing to keep in mind is the fiscal deficit in mind. The government needs money. Money to subsidise...
Saturday, 27 June 2009
Saturday, 20 June 2009
Trading Opportunities
Posted on 21:13 by Unknown
A breach of 4400-4450 did happen last week.The breach took the nifty to 4206 thus achieving the target of 4250.What next?1. As per the extracting triangle theory, leg d (488pts and ongoing) is greater than leg b (417 points). The d leg may continue for some more time.The e leg which would follow would be less than the c leg (600 points).2. The nifty may dip to 4000-4150 levels before a bounce.3. It may be a time for the pre-budget rally. The monsoons have been delayed and they will definitely have an impact on agriculture. India remains an agrarian...
Thursday, 11 June 2009
Time to Take Some Money Off the Table
Posted on 07:59 by Unknown
The markets are booming.Some few justifications for booking profits:1. Monsoons look to be delayed. Markets have factored in a bumper monsoon. For first week of June we have 35 pc deficient monsoon.2. When market fell on Monday, broader markets tanked. Many stocks were down upto 15%.3. When the markets rose, fewer stocks recorded lesser gains. Yesterday inspite of rise advance-decline was negative. These are classical distribution signs.4. Markets surging on FII flows. Buy figures were 750 odd crores today and yesterday each, 950 cr day before....
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