Markets Next Week: Political Uncertainty

It was another week at the markets where news dominated the events. It was a crucial results week also with heavyweights like Reliance, Wipro and the banks came out with results.Fundamentals:1. Reliance came in with Results which were below street estimates. The profits for Q4 were expected at 5200 crores on an average consensus and between 4700-5700 crores. It came in at 4700 crores. More worrying was the fall in operating margins from 21 % to 16...

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Action Packed Next Week in Store

We have a potentially very eventful next week coming up. The Goldman Sachs scandal on Friday after our markets closed and the RBI Credit Policy on Tuesday set things up for big moves. Lets evaluate in detail all the fundamental and technical aspects so we are well geared to meet the markets.Fundamentals:1. Goldman Sachs (GS) have been accused of Fraud by the SEC. This is a very serious allegation and GS will not take it lying down. The clout of GS...

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Moving in a Downward Channel

Have a look at the chart, we are moving in a downward channel.Upward resistance at 5363, downward support at 5265 approx. Break of channel would give approx another 100 points.5180-5200 multiple supports, not a bad idea to book profits on...

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All Eyes on Infy Results

1 more week of gains and Nifty closed at 5362 for the week. The Result season is upon us and Infy will kick off proceedings on 13th April with 14th April being a holiday. What to expect from the Results?1. The rupee has strengthened to 19 month high of 44.29. This will impact the IT companies earnings.2. The Steel makers, automakers, cement makers should post good results.3. Oil prices are at 86 dollars already. A further rise would start affecting the economy. The rupee has gained 10 pc in last 2 months or so. This should cushion the high oil...

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Short Term Reversal?

The Markets corrected today to close at 5304. This may be a short term reversal as the markets made a lower low and lower high after a long time and also closed below critical levels.Supports are at 5245-5260Resistances at 5328-5370I am following an automated system of generating calls which is still at experimental stage. I am updating the signals at the top left hand corner in case anyone is interested in reading them.I have been testing for 2 weeks and find that generally the signal give 50-100 points minimum.US has also corrected yesterday....

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Nifty P/E and Dividend Yield

This week lets look at 2 interesting ratios Price to Earning Ratio and the Dividend Yield of the Nifty. I have plotted the graphs from 1999-2010 taken from the NSE site.1. Price - Earning Ratio.This is nothing but the Market Price divided by the Earnings per Share or the Profits made by the company. This helps us identify how expensive the market is.In the bubble peaks made by the market in 2000 and 2008, it had touched almost 28. In the bottoms...

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