The markets declined about 2.4 pc to close the week in the red. This was on the back of RBI further tightening the interest rates to prop up the rupee. This led to the banks tanking and taking the markets down with it. The Markets are at an interesting point right now.1. The current rally from 5566 to 6093 has been led by FMCG, Pharma, IT and Oil and Gas Sector.The banks have taken a substantial beating. The Bank Nifty has corrected around 20 pc from its peak where as the Nifty has corrected only about 5 pc from the top.2. This now leaves with...
Saturday, 27 July 2013
Saturday, 20 July 2013
Markets Continue to Tease
Posted on 23:10 by Unknown
The Markets had a roller coaster ride last week. Nifty ended with a net gain of 20 points for all the twists and turns.Let us see what the markets have in store for us.1. The RBI hiked interest rates in a surprise move on Monday to prevent the rupee from collapsing further. This led to the 10 year yield spiking up from 7.5 % to 8.1 %. By the end of the week, the yield had come down to 7.94%. This is a golden chance for those seeking to invest in Gilt funds as over a period of time, the rates have to come down for the economy to improve. Over...
Sunday, 14 July 2013
Markets at Cross-Roads
Posted on 07:43 by Unknown
The markets gave a breakout last week. It closed up by 2.4 pc over the previous week. So is the worse over for the markets? Let us try and explore this week.1. The markets if they were correcting the down move from 6229 - 5566, then a 3 legged move was on.Leg A 5566-5904Leg B 5904 - 5760Leg C 5760 or 5802 and ongoing.If this is just a corrective up move then max, it will top out around 6100-6115. Ay move above this will lead to breakouts and new highs.2. The FIIs have stopped their large sales and have small sale figures or net buys. If this continues,...
Saturday, 6 July 2013
Trapped in a Range, awaiting the Results season
Posted on 21:52 by Unknown
The Nifty gained just 25 points or 0.4 pc for the week. There was an absence of major triggers for the markets. The next cue will be from the Q1 Results which will be kicked off by Infosys next week.1. The markets are correcting the up move 5566 to 5904. This is a corrective down move featuring 3 legss.A - 5904 - 5760B- 5760 - 5900C - 5900- ???This could be anywhere in the range of 5760 to 5677. The supports come in at 5735 and 5695.2. Typically, in the first 2 weeks of the months, sometimes the markets are kept range bound so that the premium...
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