The Markets were down about 2 pc for the week. Lack of news on the reform front as well as poor monsoons dragged the markets down. Let us see if there are any silver linings for the markets.Fundamentals:1. No progress in Monsoons means higher food prices. This would mean higher interest rates and would in turn imply no rate cuts in the near time. The RBI policy is on Tuesday and any surprise announcement can lead to a short term spike in the markets.2. It is high time that there is news on the reform front else the markets are not going anywhere...
Sunday, 29 July 2012
Wednesday, 25 July 2012
10 things to know about the Sriram Transport NCD Issue
Posted on 07:08 by Unknown
Sriram Transport Non-Convertible Debenture Issue opens tomorrow. Let us examine the Pros and Cons of Investing in this issue.1. Sriram Transport NCD is for 2 tenures 36 months and 60 months. For 36 months, for Retail investors they are offering 11.15 % interest and for 60 months it is 11.4 %.2. They also have a cumulative option for the above 2 tenures.3. Retail investors are those who will invest within the 5 lakh limit.4. The issue has been rated AA by Crisil.5. The subscription is on first come first served basis. Hence those interested in subscribing,...
Monday, 23 July 2012
Awaiting Fresh Triggers
Posted on 07:56 by Unknown
The markets corrected about 0.4 pc last week. A Delayed markets and a lack of clear direction from the Government weighed heavy on sentiments. Let us try and explore what could be the factors influencing the markets.Technicals:1. We are in the Leg C of the corrective up move. This has targets ranging from 5700 to 5900.C started at 4770. There are 2 possibilities here.a. C1 4770 - 5190 C2 5190 - 5041 C3 -1 5041 - 5348 C3 - 2 5348 - ???? can be 5231, 5195 or 5159 or max 5102.b. C1 is 4770 - 5348...
Sunday, 15 July 2012
FIIs lead the way
Posted on 06:32 by Unknown
The Markets have been consolidating for the past few days. They closed 1.7 pc down for the week but I expect them to break out of the range soon. Let us explore why this can be a reality.Fundamentals: 1. The FIIs have been buying heavily in July. They have bought equity worth 6500 crores so far. This has eased the selling pressure on the stocks.2. The global commodity prices have remain subdued. Crude has settled around the 100 dollars a barrel mark. India which imports almost 80 pc of its crude, is the major beneficiary of this.3. Global negative...
Sunday, 8 July 2012
Consolidation after the Up Move
Posted on 06:38 by Unknown
The markets gained 0.7 pc for the week and what was more important was that the markets are consolidating their position before commencing the new up move.The next few week should very bullish for the markets and let us investigate the levels which the markets can reach during this period.1. On the reforms front, there seems to be a silver lining with the PM showing positive intent. A final decision on the Vodafone tax front case will lead to a rally in the markets.2. Oil is holding on at lower levels and this is a big positive for the markets...
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