Sunday 24 November 2013

Weekly Outlook

As anticipated,  markets corrected this week.    But the kind of closings seen over the past two
trading sessions is worrisome.    Having said that,  Nifty may only consolidate at these levels and
remain volatile in this upper band as this week involves November series expiry.

Markets will be watching India Money Supply (M3) data on Nov. 27 and Q2 GDP data on
Nov. 29.

                                                       Nifty Levels
Resistance        2                                 6100
Resistance        1                                 6040
Support             1                                 5950
Support             2                                 5930


Saturday 16 November 2013

Weekly Outlook

On Wednesday,  Raghuram Rajan allayed the market fears on the INR front.  
On Thursday,  markets reciprocated cheerfully.    Now,  Janet Yellen's comments
have brought new energy to the global markets.    Nifty may open gap up on Monday.
The short term sentiment may remain buoyant.    But,  how long will the euphoria last?

In recent times,  markets the world over have been driven by the central bankers
rather than economic fundamentals. 

Sunday 10 November 2013

Chart View


Gold is seen to be moving symmetrically with the USD Index.
So far as Nifty is concerned,  market is showing signs of fatigue.

Sunday 3 November 2013

HAPPY DIWALI

On this Diwali,  let us all make a firm resolve to bury the deadly sins of ignorance, pride, envy,
gluttony, lust, anger, greed, laziness and pave the way for knowledge, modesty, sympathy,
satiety, peace, prosperity, glory, dignity and opulence in our individual lives.

HAPPY DIWALI to all the viewers and readers.