The Markets bounced back to close the week up at 3.1 pc over the previous close. The Government came up with Reforms at the end of the week in the Oil and Gas space to give further leg up to the markets.1. India's Current Account Deficit (CAD) or the difference in Dollars between our Imports and Exports came down to 3.6 pc for the January to March period leading to the rally on Thursday.2. On Thursday, evening the Government doubled the Gas Price to 8.4 USD from April 2014.This will give more incentive to invest in Oil Exploration leading to less...
Saturday, 29 June 2013
Saturday, 22 June 2013
The markets fell another 2.4 pc thanks to comments by the Fed Chairman. Let us try and see what the next week and next few months have in store for us.1. The markets right now are poised around the critical support area of 5600. There is an iteresting study done by Sanjay Raghuvanshi, who has calculated that markets rarely have an expiry which is + or - 300 points then previous expiry. Last expiry was 6124 which also means that this expiry can be...
Saturday, 15 June 2013
The markets declined by another 1.2 pc. They staged a very smart rally on Friday to cover quite a few losses. This current week is going to be a news driven week.The markets would be news driven with a knee jerk reaction either ways depending on the news flow.1. The RBI Policy is on Monday and there cut be a rate cut of 25 basis points and a CRR cut of another 25 basis points. Last couple of times, markets have reacted negatively to the RBI policy and this time, it may just be a positive surprise. The way the markets rallied on Friday might be...
Saturday, 8 June 2013
The Nifty lost 1.8 pc to close at 5881. The markets have completed 3 weeks since hitting the top of 6229. If this is just a small correction it should get completed in the next week. Let us look at the next triggers for the markets.Fundamentals: 1. The Monsoons have set in well. Thus, 1 major negative trigger is out of the way.Any signs of a delay in monsoons would have led to the markets falling.2. A good monsoon also sets the earliest timeline of elections as November 2013. The Govermet would like the money from the good harvests to be in people's...
Saturday, 1 June 2013
Last week on Friday, the markets retraced the gains of the entire week to finish the week flat. Let us try and explore what the markets have in store for us.Fundamentals:1. The Monsoons have arrived on time and the prognosis is for good monsoons. This should bode well for the markets.2. The GDP figures have come as expected and are behind us. For all the talk by RBI, the interest Rates should soften.3. The Hike in Diesel and Petrol prices should underline the Givernment commitment on fiscal stability.4. The crude oil prices continue to weaken...
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