Archive for Markets

Doomsday

Dec 17, 2013 No Comments by

Once again we are waiting for RBI policy tomorrow. It has become a habit for the market to trade flat for a few days before the policy and then show huge movement on policy day. WPI and CPI are well above RBI’s comfort level. So, a further repo rate hike is not ruled out. There […]

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Market Outlook 2nd December

Nov 30, 2013 No Comments by

Markets are again trading near all time highs. Nifty is around 6170 levels. On Friday Nifty was trading in green on back of GDP Q2 data. The street was expecting 4.6% growth. A 4.8% growth came as a surprise. So, on Monday we can expect a gap up opening. But one has to understand the […]

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Nifty Outlook 5th Nov

Nov 05, 2013 No Comments by

The battle between the bulls and bears continue. Everybody was waiting for Diwali expecting the markets to ride on a rocket and reach all time high. That event is done now with Nifty closing at 6317. Today it is trading 50 points down around 6250. We have been constantly telling that these high levels are […]

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Market Outlook 30th October

Oct 29, 2013 No Comments by

RBI acted as per market expectation increasing the repo rate by 25 bps, decreasing the MSF by 25 bps and keeping the CRR constant. The markets were expecting the exact same thing. Before the policy Nifty was trading almost flat. As soon as the policy came out it zoomed up closing at 6220 levels. The […]

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Market Outlook 29th October

Oct 28, 2013 No Comments by

Nifty broke down below 6150 levels closing at 6100 levels. We have been telling about the break down in Nifty from very long and today it gave a trailer of the movie. Tomorrow we have RBI policy. RBI has made it very clear that it can bear low growth but not high inflation. So, seeing […]

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Nifty Outlook 28th October

Oct 26, 2013 No Comments

The fight between the bull and bear continues. Markets are taking a breather now. Nifty is literally directionless trading in a very narrow range of 30-40 points. It is trading at 6144 just a bit shy of 6150 level. On Friday Asian markets were weak but Nifty negated all that pessimism and was able to […]

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Market Outlook 24th October

Oct 23, 2013 No Comments

Nifty at last gave up 6200 levels. It has been a constant fight between the bears and the bulls. Finally bears are coming out from hiding and giving the bulls a run for their money. Nifty dipped to 6120 levels in the noon trade but recovered in late noon trade to close at 6178. Wipro […]

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Market Outlook 23rd October

Oct 22, 2013 No Comments

Like yesterday today also Nifty traded in a very narrow range of just 39 points. Each and every trader is expecting a big move in the market. The bulls are expecting it to go above 6300 while bears are expecting it to go below 6000 levels. For two consecutive days Nifty has formed a Doji […]

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Market Outlook 22nd October

Oct 21, 2013 No Comments

Nifty traded in a very narrow range of 30 points today. It went to 6175 levels then back to 6200 levels. After such a big rally this kind of consolidation was expected. L&T came out with its numbers and surprised everyone with better than expected results. Now L&T is a fantastic company fundamentally. No doubt […]

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Technical Outlook PFC

Oct 19, 2013 No Comments

THE TECHNICAL VIEW ON PFC As on October 16,   The pfc stock was in an uptrend since last one month but, now the stock is reversing and breaking the uptrend in downside. It is also not able to move above its 100 day moving average of 140. Now it as break it has broken […]

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