Filed Under (Market Observations) by Deepak Singh on 10-03-2010
It was the week of March 09 2009 when Global pessimism gave way to Global optimism and risky assets around the world rose from written off to reasonable levels. Though we have come a long way - markets are once again at turning point where street seems to be divided between double dip theory and V-shaped recovery argument. The reality - Global economy is on for a slow and steady economic revival and market’s low volume low volatility move is reflecting that.
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Filed Under (Sector View) by Deepak Singh on 07-03-2010
How are sectors contributing to overall market’s performance. Well, let us have a look at the last one week and last month sectoral performance to get a deeper understanding of where different sectors stand.
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Filed Under (Market Observations) by Deepak Singh on 05-03-2010
What is the big picture right now; and what is market trying to tell us. Well - as far as I can read it - it looks like - the message is Don’t worry be Happy. Market is shrugging off all worries be it USD index technical set-up, deteriorating fundamentals in Eurozone, expensive valuations; US unemployment etc etc. Remember, in market - problems do not matter…what matters the market focus which seems to be right now is on +ve things than -ve.
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Filed Under (Market Observations) by Deepak Singh on 03-03-2010
Nifty has moved up 4.7% in last 3 days. It is trading above 20 day ma, 50 day ma and 200 day ma. And so - technically, the market looks to be in fine shape. The internals are also looking good and technically strong stocks are breaking out and making new highs. Finding a fault with current market just does not make sense. We have to accept that we are in a bullish healthy market, where one should just focus on technically strong stocks.
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Filed Under (Market Observations) by Deepak Singh on 03-03-2010
We are in a market environment where sellers run out of steam after few bad days and equally on other side - buyers run out of steam after few good days. Welcome to range bound stock specific market. This is what market has been for last many months and its high time we accept this reality and not read too much on day-2-day move.
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Filed Under (Market Observations) by Deepak Singh on 02-03-2010
Budget speech is behind us; and with it the budget noise. Market reacted with a sigh of relief that Government is on right path be it fiscal deficit or boosting consumption. But what Next? Globally, world continues to look uncertain, and hence its time to go back and focus on Global cues. Dow kitne geera ya up hua?
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Filed Under (Sector View) by Deepak Singh on 01-03-2010
How are sectors contributing to overall market’s performance. Well, let us have a look at the last one week and last month sectoral performance to get a deeper understanding of where different sectors stand.
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