The markets had a mild correction for the week, correcting about 0.7 pc from the previous week close. Overall, the markets are firmly in an up trend. Let us see what the pre-Diwali firecrackers are in store, if any.1. This is a liquidity based rally and no mistake should be made about this. Once, the plug is pulled for whatever reason be it ease of tapering or hung parliament, the markets will collapse.2. 1 leg up from 5118 is over at 6142 and the correction from it ended at 5701. If we are in a third wave up, then it can be a fast up move from...
Sunday, 27 October 2013
Sunday, 20 October 2013
All set for new highs but.....
Posted on 08:44 by Unknown
The markets continued to inch up higher by 1.5 pc to close at 6189. They are now within touching distance of 2013 highs and very near to all time highs. It looks like the scenario of 6500-7000 is playing out.Let us see what we can do in such a scenario.1. The markets are close to all time highs but the broader market is down. When I look at my portfolio very few stocks are close to their highs. It has been driven up on the back of IT companies especially TCS.2. Every rally has gotten narrower. This could either mean we have a sudden collapse one...
Wednesday, 16 October 2013
US Shutdown, looming debt-ceiling and their effects on the Indian market
Posted on 08:55 by Unknown
Since the beginning of this month, the US government has been in partial shutdown. That means all government services and activities barring a few emergency and security services have come to a halt and government employees have been asked to proceed on unpaid leave. Why?I had written a guest post for Subhankar which can be accessed here:http://investmentsfordummieslikeme.blogspot.in/2013/10/us-shutdown-looming-debt-ceiling-and.html...
Sunday, 13 October 2013
Infy surprises, US deadlock continues
Posted on 08:12 by Unknown
The markets continued with their upward march to end the week with a gain of 3.2 pc. Infy had surprisingly good results (My unscientific analysis went for a toss) and the markets looked to be in a festive mood.1. The IIP results came out after market hours. They were poor but that mainly due to poor Capital Goods data. The Capital goods data was very good in previous 2 months so normalized.2. The US Gridlock needs to be resolved by by Oct 17th. India is a winner either ways. The longer the gridlock continues, the longer the easy money will be available.3....
Sunday, 6 October 2013
Waiting for Triggers
Posted on 05:59 by Unknown
The markets gained 1.3 pc to close at 5907. The markets rallied smartly on Friday only to give back all the gains. The markets are currently awaiting fresh triggers. Let us try and examine what they could be.1. The Results season is upon us.Infy Results will be upon us on Friday 11th October. They will set a trend for the markets.1 non scientific observation I have made is Infy Results usually on a Friday are quite bad. Lets see if the trend continues.2. The US Government shutdown is still going on. If not resolved by Oct 17th, the debt ceiling...
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