The last rally was 545 points from 5196 to 5741. This comes to 545 points. From 4720, equality will be achieved at 5265.Anything above this has bullish implicatio...
Wednesday, 31 August 2011
Saturday, 27 August 2011
The markets lost another 2 pc during the week to close at 4748. The picture is looking gloomy all round. What does the market bring for us the next week?1. Anna Hazare fast is over and Ben Bernanke Jackson Hole meeting did not bring any nasty surprises. Expect some bounce next week.2. The Elliot wave analysis states that we are in last down move of the 3rd wave down.C wave so far.Wave 1 - 5944 - 5196 = 748 pointsWave 2 - 5196 - 5741 = 545 pointsWave...
Sunday, 21 August 2011
The Markets continued their downward journey last week. They fell by around by 4.5 % to close at 4845. Gold hit new all-time highs. So what next?1. Gold has broken all previous all-time highs and is now trading at 1850 dollars and ounce or close to 28000 rupees levels. I would wait for a dip before making a fresh entry. I foresee a short term top close by. Make o mistake, in the next 1 year gold will go much higher but in the short term we may see...
Thursday, 18 August 2011
Wednesday, 17 August 2011
The equity markets are tanking, so where does one invest in?I had tried to do a bit of study on the funds and the pros and cons of investing in them. Below is a guest post, I had done for Subhankar.Continue Reading at:http://investmentsfordummieslikeme.blogspot.com/2011/08/good-time-to-feel-gilty-guest-post.h...
Sunday, 14 August 2011
The markets lost a further 2.7 pc to close down at 5073. This is on the back of further negative news from Europe and US, a sharp spurt in Gold prices, good IIP numbers and FII selling.1. The FIIs have sold almost 11000 crores this year ad 7000 crores in the first fortnight of August. The DIIs have picked up almost 20000 crores of shares this year and about 6000 crores in August. The market is down about 17 pc YTD. It is clear that the market dances on FII tunes. If the rupee weakens and the FIIs pull out cash, the market will go down.2. Gold has...
Saturday, 6 August 2011
Its been a scenario of doom and gloom all across the world the past week. As the Financial Markets bleed, doomsday predictions are announcing the coming end of the world. Lets see what the future holds for us.Crystal ball gazing has always been difficult.Some things are apparent now. The US will no longer be the superpower it once was. Its influence is on the wane. It is a gradual process, buy say in about next 20 years it will no longer be as dominant as it once was.They say every century belongs to a country. Earlier,it was the British who ruled...
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