The markets rallied smartly by 3 pc during the expiry week to close just below the 6200 mark. The Elections are on in full swing with Rajasthan going to the polls now and Delhi on December 4th. The next immediate trigger for the market will the results on the 8th of December which is next Sunday.1. The heartening part of this rally is that even the mid caps have begun to rally. Voltas gaied something like 23 pc last week. All signs indicate Nov-Feb rally with a market top for the year being hit sometime around the Jan-Feb period.2. With the G-Sec...
Saturday, 30 November 2013
Saturday, 23 November 2013
Lack of Triggers for the Market
Posted on 21:59 by Unknown
In the absence of any major decisive triggers for the markets, they continued to drift aimlessly losing another 1 pc for the week. Let us see if any triggers exist before the election results of the State Assemblies on the 8th of December.1. The Talking Heads on Television continued to play games with tapering stoppage or no. This is a good game for traders. Short term movements of 100-200 points on either side are the norm.2. FIIs have net bought 5600 crores for November so far and DIIs have sold 8200 crores. The markets have corrected by about...
Saturday, 16 November 2013
Correction Continues
Posted on 22:01 by Unknown
The market continued its correction, dipping further by 1.4 pc. Let us try and examine the pros and cons of the market movement.1. The markets are correcting gently, about 4 pc from the Diwali top. This could just be a bull market correction, looking at the slow nature of the fall.2. The FIIs have been net buyers for all the trading sessions in November 2013. Only, when they start unloading will the markets have a major fall.3. The major question is why are FIIs buying? It is not becuase of Narendra Modi but the continued avaailability of...
Saturday, 9 November 2013
Correction in a bull phase
Posted on 21:47 by Unknown
The markets dipped by around 2.8 pc for the week. The markets hit a new high for Diwali and since then have been correcting. Is it just a correction or is it something else?1. The thumb rule is that the markets tend to react from the previous top. 6350 has been a sort of double top. It is natural that the markets react from here and then come back and blast through.2. This has been an unusual correction, the large caps have corrected and the mid caps have rallied. This also means it should just be a correction before resuming the journey upwards.3....
Sunday, 3 November 2013
Market on the upswing:Happy Diwali
Posted on 04:21 by Unknown
The markets continued their solid performance and gained another 2.6 pc to close above the previous 2013 high. We look all set to challenge old highs and how the markets react from there will set the tone of the markets.1. The PSU Banks joined in the party this week and now one needs to see if the beaten down sectors join in the party or the rally fizzles out. Sustained closing above 6357 will herald fresh new territories to be conquered.For this Diwali, I would strongly reccomend Godrej Properties trading around Rs 370. It recently came out with...
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