Nifty for 28.2.11 to 4.3.11

If the Nifty manages to stay above 5470 conclusively on big volumes then only one can expect an immediate term bull trend. The market is in a mid term bearish trend and unless it crosses the 5470 mark as specified, all upswings will be used to create fresh shorts. 5000 however is a strong support for the current week.

My choice!! And the Oscar goes to..

My choice is marked in blue and the Nominations are:

BEST PICTURE

Black Swan

The Fighter

Inception

The Kids Are All Right

The King’s Speech

127 Hours

The Social Network

Toy Story 3

True Grit

Winter’s Bone

DIRECTOR

Darren Aronofsky

Black Swan

Joel Coen and Ethan Coen

True Grit

David Fincher

The Social Network

Tom Hooper

The King’s Speech

David O. Russell

The Fighter

ACTOR IN A LEADING ROLE

Javier Bardem

Biutiful

Jeff Bridges

True Grit

Jesse Eisenberg

The Social Network

Colin Firth

The King’s Speech

James Franco

127 Hours

ACTRESS IN A LEADING ROLE

Annette Bening

The Kids Are All Right

Nicole Kidman

Rabbit Hole

Jennifer Lawrence

Winter’s Bone

Natalie Portman

Black Swan

Michelle Williams

Blue Valentine

ACTOR IN A SUPPORTING ROLE

Christian Bale

The Fighter

John Hawkes

Winter’s Bone

Jeremy Renner

The Town

Mark Ruffalo

The Kids Are All Right

Geoffrey Rush

The King’s Speech

ACTRESS IN A SUPPORTING ROLE

Amy Adams

The Fighter

Helena Bonham Carter

The King’s Speech

Melissa Leo

The Fighter

Hailee Steinfeld

True Grit

Jacki Weaver

Animal Kingdom

ORIGINAL SCREENPLAY

Another Year

Mike Leigh

Inception

Christopher Nolan

The Fighter

Scott Silver, Paul Tamasy and Eric Johnson

The Kids Are All Right

Lisa Cholodenko and Stuart Blumberg

The King’s Speech

David Seidler

Nifty for 22.2.2011

After a fall to levels of 5413 the nifty shot up to 5526 before closing at 5518. The day as envisaged earlier was extremely volatile, but on the closing basis it ended on a strong wicket. The market will be bullish tomorrow if it sustains above the 5500 mark in the early trade. 

Director :  Music :  Starring :

Srikanth V. Velagaleti  Shamir Tandon  Vinay Pathak, Mahie Gill, Sanjay Mishra, Saurabh Shukla and Mona Singh

Released on 4 February 2011, this is yet another thriller involving underworld albeit in light humor. The talented actor Vinay Pathak plays double for the first time. The story with a slow start gathers momentum as it unfolds. The story line is compelling and engages the viewer till the end with lots of twists and turns. Its a must watch not to be missed intriguing movie. On a scale of 1 to 10 it is clearly an 8.

Nifty for 21.2.11 to 24.2.11

After three consecutive weeks of losses in the Nifty the markets finally managed to register gains. All was going well until Friday when after touching an intra-day high high of 5599.25 the nifty gave up all the gains and settled at 5458.95, but still up by 148.95 points on week on week closing basis.

The market next week should start on a week note but if it conclusively crosses the 5470 mark in the early hours and stays above it on good volumes then a retest of the 5636 and 5737 levels cannot be ruled out. Below the 5466 levels markets will only loose ground. The supply however seems to have dried out. So another wave of complete wash out is ruled out for the week. However, the market on Monday can be very volatile. 

The next series starting on 25^th March should however end on a bullish note

The Arab world turmoil.

The turmoil which began in Tunisia, following the death of Mohammed Bouazizi, who set himself on fire on Dec.17 and died on January 3, leading to the expulsion of Tunis dictator Zine el-Abidine Ben Ali spread all over the Arab world resulting in sacking of the Jordan premier and later stepping down of Husni Mubarak in Egypt after three decades in power. Emboldened by the unexpected the protests have now spread to Yemen, Bahrain and Iran and now Libyan city of Benghazi. The control of autocratic rulers over the Arab world is coming to an end and although most of the economies are high growth economies but the bottom line is that the benefits of growth are not trickling down to the masses and growing unemployment was not being addressed by the Autocrats.

movie review- Yeh saali zindagi.

Yeh saali zindagi- review

Yet another 130 minutes gangster movie from Sudhir Mishra who had already shown his talent in 'is raat ki subah naheen' which was based on Mumbai underworld. This time it's a crime infested world of Delhi with brilliant cast of great actors- Irrfan Khan, Arunoday Singh, Chitrangda Singh, Aditi Rao Hyadri, Saurabh Shukla and Sushant Singh. The story has surprise element and cinematography and music make the movie a perfect 8 on a one to ten scale.

EU Summit in Brussels.

Thanks to the opposition by several prime ministers from euro-zone to the proposal of Angela Markel, the German Chancellor and Nicolas Sarkozy, the French president to initiate efforts to strengthen the euro in a European Union Summit meeting held in Brussels on Friday. The need of the hour is to take steps to weaken euro and give a last chance to the stressed economies of Greece, Ireland, Spain, Portugal and Italy.

Weekly roundup (28.1.11 to 4.2.11)

The Nifty closed at 5604.3 for the week ending 28Jan 2011. This week it opened weak at 5452.85 and then after trading in a narrow range between 5539.15 and 5402, it finally gave in to supply pressure on Friday the 4th and after seeing an intra day low of 5369.05, as the stop losses got triggered before closing at 5395.75.
The Friday trading was significant because for the first time since May 2010, the entire candle for the day was formed below the 50 week moving average. However there is the silver lining in that the Nifty has filled up all the weekly gaps of the week on week rises of August to September 2010 and retraced 61.8% since May 2010 levels of 4800.
The next two trading days will be significant in that either there will be a final capitulation establishing that Friday's sell off was a false breakout or else a medium term bearish trend will be established with upside capped at the 50 week moving average. For Nifty options traders, Straddle is advised.

Inflationary pressure.

First it was the rise in the prices of commodities like Iron ore, Rubber, cotton and now the news of a closure of Suez. Oil's definitely going to be on a boil. The bankers have a case for interest rate hike, come the Davos summit.

Egyptian growth.

The central point of the current crisis in Egypt is the unemployment factor with a big mass of youth unemployed. There was significant growth though, but the growth was not trickling down. Wealth was amassed in a few hands.

The central point of the current crisis in Egypt is the unemployment factor with a big mass of youth unemployed. There was significant growth though, but the growth was not trickling down. Wealth was amassed in a few hands.

Signals of distress.

There is recession in developed economies with no visible signs of significant growth. The Fed continues with its plan of quantitative easing. US is still limping and staggering and a lot of noise has already started to emerge to tighten the interest rates. In the Euro zone, first it was Greece and then Ireland and now the contagion has spread to Spain and Portugal. Italy is next. All that has been done so far is to bail out the distressed economies with no emphasis whatsoever on restoring growth. The EU decided in December 2010 to postpone the much-needed reforms to beyond 2013 and there are no signs by the ECB to let the Euro weaken. 

And then there is boom in emerging over populated economies and inflation heading north due to drive up in commodity prices. 

Are we, then, heading for yet another crisis!