It was the fifth straight week of losses where the markets ended down 0.7 pc. The markets continue drifting down. This in spite of the FIIs pumping in money.1. Post the rollback in rail fares and the coal scam coming out, markets have drifted lower.2. The markets are stuck in a trading band of 5233-5450. A break on either side will give a move of about 200 points.3. As per Elliot analysis, we are in the corrective B wave to the entire up move from 4532- 5629. Last week I stated,As per Elliot, we had wave A ending at 5630. B wave is the corrective...
Sunday, 25 March 2012
Sunday, 18 March 2012
Budget: 1 more non event out of the way
Posted on 00:02 by Unknown
The budget has come and gone. The markets are 0.3 % down for the week.Let us see where the markets are headed.1. The markets have risen from December end on the back of liquidity flows from the FIIs and nothing else. The UP results, railway budget, RBI policy all have come and gone, but the flows continue every day. Till the flows continue, the markets will continue to rise.2. This has become a buy on dips market. Every dip is being bought into. The markets have no events to trigger any major moves till the results around 10th April. The year end...
Saturday, 10 March 2012
Elections done with, Budget on the horizon
Posted on 22:27 by Unknown
The UP election results have come and gone. What do they portend in the future for the markets. For the week, the markets were down 0.5 % which hardly tells the story.1. The results clearly show that the Congress position is weakened. Punjab, they were expected to win and UP to do much better. The government will not be in immediate danger for the simple reason Mayawati needs support from the Centre. Her band of 21 MPs are there.2. The problems arises when both Trinamool Congress and Samajwadi Party play hardball. Both would love an early election...
Wednesday, 7 March 2012
What do the State Election results foretell
Posted on 23:18 by Unknown
The votes are counted in. The Victors are announced. What do these state results tell us for the future? Let us try ad have a look at the results.The results indicate that the regional parties have become strong again. The National parties were battered in UP. Also, in Punjab it was the Akalis who swung in the votes. For the Congress party, the down slide is clear. After a year of scams, policy inaction the voters have sent them a message.The Congress has little to lose now by pushing in reforms. The populist measures have not worked so far. The...
Saturday, 3 March 2012
Election Results may throw a buying Opportunity
Posted on 22:16 by Unknown
The markets corrected about 1.3 pc. The election results will set the tone for the markets. Let us check out the markets technically ad also fundamentally.1. The best case scenario for the markets is a Congress-SP coalition in UP. If the Samajwadi wins alone it means a fresh set of headaches. Mulayam will start efforts to re-start the Third Front which can eat into Congress votes the next General Elections. If there is President's Rule, it will also be bad for the markets. Congress doing badly means populist measures over the next 2 years.2. The...
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