The coming week is rife with multiple possibilities. The Deadline for US Debt deal is August 2nd and any delay out there could spell doom for the markets. Lets explore all possible Technical and Fundamental Factors.1. I had a look at the Elliot Waves and they paint a somewhat bleak picture in the near term.Assuming the rise from 2252 to 6339 was Wave 1 and Wave 2 started in November 2011.Wave 2 will be sub divided into A, B and C.Wave A was 6339 - 5177 = 1162 (November beginning to Feb beginning a period of 3 months)Wave B was 5177 to 5944 (Feb...
Sunday, 31 July 2011
Saturday, 23 July 2011
The Markets ended up 52 points on the Nifty thanks to a stupendous rally on Friday. The coming week is important because RBI policy announcement on Tuesday, then important Results to come, F&O expiry and then US Debt Crisis Resolution. Lets take a bird's eye view about the Technicals.1. The Markets are still trapped in a range. I see a break out happening above 5700 or below 5500. Till then its a range bound market with a negative bias not withstanding...
Wednesday, 20 July 2011
Sunday, 17 July 2011
A few weeks back, we had uploaded a presentation on Gold. Lets re-visit the presentation and a few short terms pointers.Gold has given a solid Technical Breakout by Closing above the previous Intra Day high of 1577 dollars, 3 days of the week and on a weekly basis. The next target should be the psychological 1600 USD mark.The previous top at 1577 dollars will now work as a support.How do we play Gold from here?The Rupee has strengthened against the Dollar to Rs 44.54 on the back of the so-called FII inflows. This means that whenever there is a...
Wednesday, 13 July 2011
Individual stocks in your portfolio may be going nowhere also. Can you generate some profits without selling your stocks and losing out on dividends or bonus issues? Covered Call writing may be just the strategy for you.Continue Reading at:http://investmentsfordummieslikeme.blogspot.com/2011/07/how-to-use-covered-calls-guest-post.h...
Sunday, 10 July 2011
Last week, I said it was Consolidation time and the markets closed about 0.6 % up for the week. The coming week kicks off the Results season and is a key week for the Markets. We have the Infy and TCS Results, IIP numbers and the inflation numbers.1. The rally has reached a crossroads now. The markets have retraced by 73 pc the fall from 5944 to 5195. They have kissed the 200 SMA and corrected. Sustaining above 5750-5800 means a new new bull run...
Sunday, 3 July 2011
The Markets have zoomed from a low of 5196 to a high of about 5705, a jump of 509 points on the Nifty in about 10 sessions. The Technical Indicators are now in the overbought zone and time maybe for a breather for the markets.1. We could label the down move from 6339 as a A-B-C correction. A was 6339-5177, B was 5177-5944. C could be sub divided into Wave 1 5944-5196, wave 2 is ongoing. Wave 2 could be subdivided into A from 5196-5705 and Wave B...
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