Wednesday 27 February 2013

Stark Realities

Does the Finance Minister have space to take measures to spur growth particularly in light
of the below mentioned realities ?
a.     High crude oil prices for a prolonged period of time.
b.     Miserably weak demand situation in Eurozone.
        Little prospects of improvement in exports in the near to medium term.
c.     Wide current account deficit putting relentless pressure on INR vis a vis the USD.
d.     More than neglected infrastructure and power sector.
e.     Compulsion of presenting the last budget before going to polls.
        Needless to say that the possibility of the budget being populist in nature cannot be ruled out.

Sunday 24 February 2013

Weekly Outlook

No matter how the Union Budget 2013 pans out,
one thing is sure,  volatility is bound to rise.

Now that the market is precariously poised at 5850,
outlook for the coming three days is likely to be  :
Resistance  2  :  5900
Resistance  1  :  5880
Support       1  :  5820
Support       2  :  5800

Thursday 21 February 2013

Western Vibes

It seems the Federal Reserve has halted its Assets Buying Programe.  At least, the FOMC
minutes suggests so.  This could dry out liquidity to the tune of $ 85 billion on a monthly basis.

This in all probability will have a short to medium term bearish impact.  No wonder that global
indices reacted to that negatively today.


Monday 18 February 2013

Weekly Outlook

Nifty may remain in the range of 5850 -- 5920 for the next couple of days.

Friday 15 February 2013

Market Synopsis

Market has just witnessed a dismal earning season.
Prices of some stocks,  some sectoral and other indices are lingering around the 200 DMA.
Market is continuing to exhibit prolonged weakness.

Despit all of the above,  global risk on seems to be holding up Nifty from caving in.
But how long?

Tuesday 12 February 2013

Market Review

Inida's Industrial Production has shrunk by 0.6 % YoY for the month of December 2012.
A renewed bearish sentiment in Euro vis a vis the USD has been witnessed over the past week.

Events such as the above are only adding to the already prevailing gloomy sentiment in the market.

Saturday 9 February 2013

Weekly Review

Market is showing sustained weakness over the past few trading sessions.
Some major stocks have corrected more than 5%.     However,   Nifty has not shown any
significant correction in terms of price.   Volatility continues to remain low.

Going forward,  sentiment will continue to remain bearish for some more time.
Market may continue to slide down at snail's pace.

Tuesday 5 February 2013

Market Review

Volatility spiking up in US.
Eurozone fears resurfacing. 
Relentless pressure on Euro vis a vis the USD.
With almost no positive triggers in the near future for Nifty, scenario is looking grim.

Amidst all this,  hope Nifty stays above 5950 on closing basis.   Close below 5950 may see a deeper cut.



Sunday 3 February 2013

Weekly Outlook

Risk - reward ratio is turning into bears' favour.
Market is showing signs of caving in.