It is expected that the $700 billion would be passed by the US on Sunday which is to basically rescue the us economy. Once that is through, it is expected that the world stock markets would open very strong on Monday with a result that the Indian Stock Market would also open with a big rise.
Other expected effects of the $700 bailour appoval are :
1. Dollar Index would take a nose-dive with the result that the euro would rise.
2. A Simultaneous jump in gold and silver.
All one can do is wait for the big Sunday!
Saturday, September 27, 2008
Analysis of Indian Stock Market for September 29, 2008
Daily trend of the market is down.
Market is very volatile, but there is a support at 4000 level. We have to see whether market takes this support and go up or not. Resistance comes near 4250 - 4300.So if the market takes a counter rally then we can expect the market to go up till 4250
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Percentage above support
Percentage above support is still below 50% (today it is 9 %) so we recommend that no delivery should be bought current levels
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Stong and Weak Futures
This is list of 10 strong Futures: Syndi Bk, Gtoffshore, Moserbaer, Hind UniLvr, Glaxo, Acc, HeroHonda, Jindalsaw, Albk & ColPal. And this is the list of 10 Weak Futures: Unitech, 31Infotech, Ivrprime, Kpit, Aptecht, Hdil, Niit, Strtech, Litl & Ranbaxy
Market is very volatile, but there is a support at 4000 level. We have to see whether market takes this support and go up or not. Resistance comes near 4250 - 4300.So if the market takes a counter rally then we can expect the market to go up till 4250
---------------------------------------------------------------
Percentage above support
Percentage above support is still below 50% (today it is 9 %) so we recommend that no delivery should be bought current levels
---------------------------------------------------------
Stong and Weak Futures
This is list of 10 strong Futures: Syndi Bk, Gtoffshore, Moserbaer, Hind UniLvr, Glaxo, Acc, HeroHonda, Jindalsaw, Albk & ColPal. And this is the list of 10 Weak Futures: Unitech, 31Infotech, Ivrprime, Kpit, Aptecht, Hdil, Niit, Strtech, Litl & Ranbaxy
Tuesday, January 30, 2007
Narration for free newsletter for 31st January 2007
We bought near Nifty spot 3880 at 10:15 am on 11th Jan & have quit around 10:15 am on 19th Jan near 4094 spot index. The world markets are getting overheated and profit taking is coming at higher levels everywhere and in such a case it is better to be out. So we wait there. Patience is which might pay us here.
Wednesday, January 24, 2007
Nifty is just sideways at the moment
Markets are sidways in India. They have gone up quite a lot but it seems they are going to take time before they start their rally again. The best course we think is that they will stay here for sometime before they resume their journey again. The clearing day is tomorrow on Thursday and after that they might regain their rally.
Saturday, January 20, 2007
Market view for Monday 22nd Jan, 2007
We bought near Nifty spot 3880 at 10:15 am on 11th Jan & have quit around 10:15 am on 19th Jan near 4094 spot index. (Enjoy the profit of around 200 points in Nifty till then.) Now we will wait for clear signals before we take the next position
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