Feb
08
Long term investors are calling this correction a great opportunity to BUY LOW and SELL HIGH. On other hand, traders are screaming to SELL every rally and their mantra is SELL HIGH and BUY LOWER. We are in for a choppy ride till market conclusively makes up its mind. At this point of time be ready for wild choppy moves till Nifty breaks 200 dma or climb past 100 dma.
Feb
05
No Correction ends without inflicting intense pain to maximum number of market participants. Global setup looks scary and Indian market should be ready to take a hit from global shores.
Feb
04
I have changed the market observation format - now find more pictures and charts. Do let me know your feedback.
Feb
04
Here’s why? - one can be bullish on Steel, Frontline tech and Pharma stocks. I covered this topic on NDTV Profit 2:30 Factor show yesterday.
Feb
03
When market participant fail to make up its mind on how the future looks like - they look at price on the screen to visualize future. The market globally in 2009 ran on expectation of strong global growth in 2010. But in last one month everyone seems to be unsure on shape and size of the recovery. There are “WHAT IF” questions being raised.
Policy makers have been successful in putting in a bottom to the most wrenching crisis and recession of the post-World War II era. Yet the outlook remains uncertain. That’s because the bottoming process, however encouraging, does little to inform us about the character of the coming economic recovery…..Stephen S. Roach
Feb
03
Did you notice Spice Communications mega move yesterday? It reminded me of similar move last year. The Big question - Will History repeat itself?
Feb
02
Up, Up Up….oh No - Down, Down, Down- that’s the phase we are in. Price on the screen is going to drive the traders behaviour. FIIs and DIIs are locked in intense battle and chartists are caught in cross fire - trying to make sense out of situation that does not make much sense.
Technically, this market is sell on rally because Nifty is trading below 50 dma of 5107 and 100 dma of 5015. Nifty is also trading below 20 week ma which has held on for a long period of time. So, now these levels may act as resistance on rally. That’s what the theory says…..and hence current rally can be only called as oversold bounce…till market moves above these moving averages and prove otherwise.
