The German Parliament approved the expansion of the bailout fund for heavily indebted European countries today. Euro on crutches!!!??????
Thursday, September 29, 2011
Sunday, September 25, 2011
The Nifty closed last week at just the tipping point. From here the direction of trend will depend on the direction in which high volumes will be traded in a sustained way. Below 4820 levels the markets are likely to test the earlier low of 4720 and if 4720 is breached then it can go down to 4610 and 4405 in the wake of fresh supply. However, above 4910 it can go up to 5035. Staggered bottom fishing is recommended in key index stocks for a medium term.
Sunday, September 18, 2011
If the Nifty crosses the 5125 mark conclusively with high volumes, it can go upto the 5325 levels. However, if it dips below 5000 mark, it can touch 4875 levels below which fresh supply may resume.
Sunday, September 11, 2011
After Greece, Spain and Italy are in trouble. How long will it take the European leaders to realise that unlike Greece which had a huge budget deficit, Spain and Italy have a budget surplus. If the ECB doesn't do something about cutting interest rates and lending freely, the European crisis in particular and another full blown financial crisis the whole world over will be there in a matter of days.
Saturday, September 10, 2011
If the nifty breaks the 5025 mark, it can go down to 4890 mark. On the upside, bulls will return only after it trades conclusively above the 5125 levels. How ever the market continues to be pessimistic and this pessimism may be utilized for staggered bottom fishing in key index stocks.