The markets soared again this week eking out a gain of 1.5 pc. The RBI Policy has been factored in with all this rise. Let us see and explore what the markets have in store?1. The markets have built in so much expectation that a 25 basis point announcement will lead to the markets correcting. Only 50 basis points and more can help continue the rally.2. The markets have also reached the key 5920-5950-5970 levels. It has been an almost breathless rally from 5477 levels in a matter of 2 weeks. The markets may well keep going up in the early part of...
Saturday, 27 April 2013
Saturday, 20 April 2013
The markets gained 4.6 pc this week, to stage an amazing recovery. Let us try and examine if the recovery is sustainable. The next week should be a volatile week as is it a truncated week with expiry also down the corner.Fundamentals:1. Gold crashed below the 1400 USD ad Brent crude is trading below the 100 USD. These are 2 key fundamental factors which should help the rally if this continues. India's main problem are the high level of crude oil and gold imports. Lower prices of these 2 commodities should help keep the Current Account Deficit low.2....
Saturday, 13 April 2013
Infosys came up with a poor set of numbers again and that led to the markets tanking on Friday. Overall, the week ended with a loss of 0.4 pc on the Nifty. Let us try and examine what has changed.1. Crude came down to 102 dollars a barrel and Gold plunged. This will help the Current Account Deficit as the 2 majors imports of India are crude oil and Gold. A falling Gold price will have 2 impacts, one is cost will be less and secondly demand will abate...
Saturday, 6 April 2013
The markets continued on their journey south. They lost another 2.3 pc to close at 5553, a crucial support level. Let us try and see what can influence the markets in the next few days.1. FIIs have also started selling and that led the markets to go down further. The FII selling is only in small quantities but the support being provided to the markets so far is absent. Further selling by the FIIs can lead to the markets tanking further.2. The commodities are also correcting.Crude and Gold, 2 of India's biggest imports are also falling down.The...
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