Over the last few weeks, several events which have occurred which are a reason to ponder over if not outright worry. Fundamentals do not change overnight but are a work in progress and suddenly one day the symptoms become apparent to all and the trend changes. The build up to such a trend change takes a long time.Global factors:1. The US came up with the QE-2 program of pumping in 600 billion dollars. This just confirmed the worst fears that the US dollar will be toilet paper sooner or later. Aything in excess is bad and excess dollar printing...
Saturday, 27 November 2010
Sunday, 21 November 2010
It was a week of losses at Dalal Street but are things as bad they seem to be? Let us try and explore.1. The markets lost about 3 pc to close at 5888.DIIs bought worth 865 crores and the FIIs bought worth 32 crores. Now, this can be interpreted in 2 ways. Markets fell in spite of 2 pillars not selling indicating shallow market. Else, it was operator driven selling.2. We have trend line supports at 5803, 5830. These are very important supports as...
Friday, 19 November 2010
Friday, 12 November 2010
November has been a positive month for equity markets. The high has always been in positive terms. Max of 15 pc, min 2 pc and average of 8.8 pc. This gives us probable targets of (6920, 6139 and 6547)The low points have varied from -13 pc to 0.21 pc. We can exclude -13 pc because we were in the midst of a bear market. Average has -2.8 pc giving us a potential low of 5845.The close has been positive 8 times out of 10. Average close has 5.6 % higher...
Thursday, 4 November 2010
It is that time of the year.New Mahurat, new beginnings. Have a look at this year's prediction and may each one have a wonderful year ahead.Thank you Lakshmi and Lalita without whose tireless efforts, this presentation would not have been possible.The Technicals are by Lakshmi. She is one of the finest Technical Analysts I know.The link to her blog is http://vipreetinvestments.blogspot.comThe presentation can be accessed below:https://sites.google.com/site/moneymanthanfiles/diwali-picks-2...
Wednesday, 3 November 2010
Tuesday, 2 November 2010
Contrary to the expectations, the Democrats have not been trashed as badly as expected.Holding on to the Senate is a major face saver for Obama.Mid-term elections are just a milestone onto re-election 2012. The present results may mean that QE-2 is just a damp squib. The probabilities increase of a lower QE-2.If before elections it was 80 % in favor of big bang and 20 pc in favor of less, now its 60-40.( 60 pc big bang, 40 pc small amount)Technicals indicate upmove. Keep watching for updates as we ...
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