The markets closed about 2.6 pc higher for the week. It has finally broken out of a range and looks to be moving ahead. Let us look at the factors which can move the markets in the coming weeks.Fundamentally:1. The Government seems to be showing signs of moving out of policy paralysis. The PM taking over the Finance Ministry and seeming to reverse key prickly issues like the Vodafone Tax case and a re-look at GAAR. This will boost FII sentiment.2. The crude oil prices are hovering between 95-100 dollars a barrel. The Petrol prices in Mumbai have...
Saturday, 30 June 2012
Tuesday, 26 June 2012
The Markets absorbed all the positives and the negatives for the last week to close a mere 0.1 pc up Let us try and chalk the road ahead for the markets.1. A major overhang of Greece is out of the way at least for the time being for a couple of months. This does away with a big negative factor holding back the markets.2. The RBI policy came and went with no change. The fact that the markets did not tank on no cuts bodes well for our markets.3.Crude oil has continued around the 90 dollars a barrel mark. This bodes well for the country i terms of...
Sunday, 17 June 2012
Very rarely in recent times have so many events been stacked up together. The early part of the week will decide if the markets will continue their ascent to 5600 odd levels or there will be a dip to 4800 levels and below. Let us try and dissect each event and find out the implications of each.Fundamentally:1. The Greece election results should be out by Monday.Why are these results so important? The reason is that the party coming to power will decide whether to stay in the Euro zone or not. If the Greeks decide to exit the euro it may lead to...
Saturday, 9 June 2012
The markets had the best week, this calendar year and bounced 4.7 pc to close almost at the high point of the week at 5068. Can the bounce continue? Let us look at few technical and fundamental reasons which can impact the markets.Technicals:1. The 50 DMA is at 5090 and 200 DMA is at 5066. These are the immediate 2 resistances for the markets to scale.2. If we consider the fall from 5342 as 1 leg, then the 50 pc retracement is 5056 and 51.8 pc retracement...
Saturday, 2 June 2012
The markets tanked on Friday, dragging the markets down 1.6 pc for the week.Let us have a look at a few of the triggers which could influence the markets in the coming weeks.Positives:1. Crude oil prices tanked on a global slowdown. Brent crude was trading at 98 dollars to a barrel down from the peak of 125 dollars in March. These should ease the Government subsidy burden.2. The Petrol price hike means the Government finally wants to take some action on the Reform front. If more such reforms come through, then expect a rally.3. The FIIs are not...
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