The markets gained about a 1 pc for the week on the Nifty and continued trading in a range. This range bound trading has gone on for several weeks and will soon lead out to a breakout in either direction. Let us try and examine the various possibilities both technically and fundamentally.Fundamentals:1. The Government is pushing through the Divestment program. LIC has been allowed to buy upto 30 pc of a company. It was 10 pc earlier. This coupled with the news that LIC plans to invest 25000 crores in the equity markets in the remaining 4 months....
Saturday, 24 November 2012
Thursday, 22 November 2012
Auto Sales are very closely tracked to monitor the ecomony of a country. I had written a guest post for Subhankar yesterday. It can eb accessed at the below link:http://investmentsfordummieslikeme.blogspot.in/2012/11/a-look-at-4-wheeler-auto-segment-guest.htmlToday, there was an article in the Economic Times, reproducing it for your beneift. This article can be accessed at the below link:http://economictimes.indiatimes.com/news/news-by-industry/auto/automobiles/car-wars-maruti-on-top-hyundai-tata-motors-mm-toyota-in-race-for-2nd-spot/art...
Saturday, 17 November 2012
In a truncated week of trading, the markets fell about 2 pc to end at 5574 which is below its previous low of 5583. Is it a time for a bounce? Let us try and explore what the markets have to say.Last week, I had mentioned of 3 probabilities:I would give the 3 probabilities, following % chances of coming true:1. Wave C-4 continuing till 5450 - 5525 (40 pc)2. Wave C5-2 in progress till 5625 (40 pc)3. Major wave down till 4000. (20 pc)Probability 2...
Sunday, 11 November 2012
Obama has been re-elected, 1 major event out of the way and also the Q2 results have been declared and done and dusted. The markets were down by about 0.2 pc (Nifty) last week and now 3 distinct possibilities exist.The markets made a significant top at 5815 and has been correcting since then.5815 - 55835583 - 57775777-5677The above has been the flight path of the index.This path tells us that there are 3 distinct possibilities.1. The market is still correcting the rise from 5216-5815 and we are in the last leg down in which case we have a target...
Saturday, 3 November 2012
Over the past week, some data coming out has been encouraging. Auto Sales are on the rise again, retail chains are logging in good festive sales, so are we out of the woods yet?The period from 2008 to 2015 was predicted to be a great period of strife for the world economy, a period of hardship and suffering which was only rivaled by the Great Depression.The Great Depression began in 1929 with a stock market crash, the same as in early 2008. People...
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