The Markets had another flat week losing about 0.4 pc. The market continues to grind in the range from 5640-5730. Only once this range breaks we can expect a substantial move on either side.1. The next trigger is the RBI policy on Tuesday 30th October. I expect a CRR cut of 25 basis points.Anything more and the markets will rally.2. The Results season is all but over and a few results have been stand out like M&M, ITC and Larsen. This again goes to show that the quality of management does make a big difference.3. I have posted the long term...
Sunday, 28 October 2012
Tuesday, 23 October 2012
Saturday, 20 October 2012
The Markets gained 0.1 pc for the week and formed a Doji on the charts. A Doji is usually formed when the markets are indecisive. The markets are continuing the correction started from 5815. Let us see how deep the correction can go.1. In Elliot terms, we are in the third leg of the upmove started from Dec'11.A was 4532 - 5629B was 5629 - 4770C is 4770 - 4829 and ongoingC can have targets of 5867, 6174 and 6544.C is sub-divided into,Wave 1 4770-5348Wave 2 - 5348 - 5032Wave 3 (i) 5032 - 5448 ...
Saturday, 13 October 2012
The markets were down 1.2 pc for the week and the market was range-bound for most part of the week. Let us try and find out what the market direction will be for the current week and in the medium term.1. The markets had a target of 5674, 5586, 5515 and 5450. Of these 5674 was achieved before the markets bounced back from the support area.2. The liquidity flow is keeping the markets at higher level. A consolidation and a mild correction is essential before the markets start the next leg up.3. The bye-elections results over the weekend where Congress...
Saturday, 6 October 2012
The markets have had a wonderful run up in the past few weeks. This has been mainly due to a confluence of 2 factors. Government making positive reform announcements and abundance of liquidity thanks to the measures announced by the US Fed. Let us look at how we can profit from these 2 factors.1. As we saw in last week's study, if we have a very positive September, then the Octobers are usually flat or with a limited upside. For this expiry, I see the top at 5800-5850 and a base at 5350-5400. We have tested the upper side and now it is time to...
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