Lets look at some of the stats for the month of September:1. Nifty has been 6.34% up as compared to 31st august2. FIIs have pumped in 10,854 crores in September and DIIs have put in 518 crores in September.3.For the year from Jan'09, FIIs have put 16300 crores and DIIs have put 23535 crores.The above Stats say a lot. Out of a total of about 40000 crores pumped in 9 months,11300 crores have come in September which amounts to roughly about 26 pc of inflows yet the market moves up only 300 points as compared to 2400 points from the bottom.So now in...
Sunday, 27 September 2009
Monday, 21 September 2009
I would be putting in key levels for the next trading day for those interested. In case, you find them useful, please let me know so that I would keep posting them here.5 EMA, 20 EMA and 50 EMA are key support levels. The Bollinger band tops are key resistance levelsBBtop 15, 20 5039, 50005DEMA - 49845 EMA - 49283 EMA - 49567 EMA - 490210 EMA - 486620 EMA -477750 EMA -4601STochs - BuyMACD - ...
Saturday, 19 September 2009
The Markets keep rising. All the prophets of doom and gloom are decreasing. The bears have gone into hibernation.Happy times are here again.Lets check out the fundamentals. Domestically, the things have improved definitely. Forget the IIP numbers which are overcooked by the government anyway. I look at the Auto Sales numbers as a key measure. Maruti is producing at peak capacity. They are now only constrained by Production limitations.Indian IT companies are again bagging orders. The freeze is beginning to thaw. Domestically, things are beginning...
Saturday, 12 September 2009
The global markets are interlinked for all the talk of decoupling. The Chinese markets are supposed to be a advance indicator of what is going to happen in other emerging markets.In Oct 07 when are markets were hitting new highs, the Chinese market corrected sharply.They were 21 pc down from their peak in 2 months.Then recovered 13 pc before the Jan 2008 meltdown.This time, they corrected even more sharply in July down about 23 pc from its peak when...
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