The markets recovered very sharply with the combined efforts of the leading governments to end the crisis.
The markets in India recovered very sharply with the FM statement and the positive news flow from the US efforts to bail out the current crisis.
The positive news flow is around the corner to lift the sagging spirits of the investors. Now the issues are a global phenomena and every body is curious with tight nerves.
The Asian markets are jumping in joy and relief from the nightmares. The Hang Seng, one of the worst performers is up by 1,110 points (6.3% up), the Nikkei is up by 378 points (3.3% up). The SGX Nifty is at 4270 level, nearly up above 220 points.
The ADR’s are well above 7% to 15%. The Indian ADRs gained more value as HDFC bank more than 11%, ICIC Bank 11%, MTNL above 15% and the tech pack Satyam and Infy around 2% but Wipro up by 7%.
The Nifty will be in the pull back support and may gain strength so long it trades above 4080 level and will gain momentum to up ward journey if it could trade above 4365 level.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Friday, September 19, 2008
Thursday, September 18, 2008
The sole strength “not enough”…..
The markets struggling to keep its head above the floods of crying (not tears) waters of US financial crises. Though our houses were not set to blaze but while we are also staying in the same colony of global equalities, it is a prudent measure to sprinkle some waters to calm down the impetus, so the markets are down and adjusting to shred out the husk from the grain.
The US markets always enjoys the surprises of publishing wrong financial statements or false statements, be it Enron, Baer Streans, Fennie Mae, Freddie Mac or the recent collapses of Lehman, Merrill Lynch and AIG, all went through sound until a day before the death warrant announced by their CEOs. Now no news is good news than the bad news of the crumbling fellow neighbor. As of now, the markets crashed due to simply mismanagement by the world renowned companies and the regulators at the helm. There is no hope for next 10-15 days, till the fallout debris is cleared and the new beginning begins.
The ADAG announces that RNRL is the sole beneficiary of the future projects in Cement, Steel and transportation with a whooping 65000 cr investment plans. Yesterday announced the Relcap will become the leader in insurance, asset management with one lakh crore AUM and other banking services. A day before yesterday announced that the RelInfra will bid the Mumbai metrotrans, fly over and other infra businesses. The Rpower will bid for private Nuclear power generation apart from the earlier planned Rs 60,000 cr power business.
Our planners are expecting huge investments in infra structure, SEZs to a tune of 16 lakh crore for next 4-5 years. The investment potential and rate of return is positive in India but the global financial chaos may force to draw different rules for the future investments that may take a longer period than expected.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Tuesday, September 16, 2008
The efforts to make-up….
The markets in India are undoubtedly out-performing the rest, especially in the emerging markets. The US financial sector turmoil making the global equities to accept the carry forward effect falls in tune with that effect. The tails spin movement of the equities eroding the trader’s net worth by triggering the stop losses. The likely wood of the bail out of Merrill Lynch in US has eaten away the BOA capitalization and no takers for Lehman Brothers are a serious concern to the global markets.
If we start recollecting the series of happing right from the first signs of Sub-prime issue surfaced in July-aug-07, the investment Gurus like Buffet has warned the serious consequences of the Sub-prime as it is was compared with a sleeping volcano.
Back to home the out look for the BPO & software services has become bleak to dark. The opportunity may arise only after April-June-09. The Investment in reality sector will be badly affected as the fund inflow will be drastically reduced.
The only hope that can survive our markets is the self sufficient infra development investments from the Govt and a little bit support from the ADB loan and World Bank. The promising sectors for at these crises are Power including the Nuclear power, Pharma & CRAMS and the ever green FMCG. The falling rupee can save our export oriented cotton, ready-mades and the tea sector.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
If we start recollecting the series of happing right from the first signs of Sub-prime issue surfaced in July-aug-07, the investment Gurus like Buffet has warned the serious consequences of the Sub-prime as it is was compared with a sleeping volcano.
Back to home the out look for the BPO & software services has become bleak to dark. The opportunity may arise only after April-June-09. The Investment in reality sector will be badly affected as the fund inflow will be drastically reduced.
The only hope that can survive our markets is the self sufficient infra development investments from the Govt and a little bit support from the ADB loan and World Bank. The promising sectors for at these crises are Power including the Nuclear power, Pharma & CRAMS and the ever green FMCG. The falling rupee can save our export oriented cotton, ready-mades and the tea sector.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Just to remind u…
The effort is to make you understand the in built positions that accumulates over a peroid of time for a big move on a later day.......
In my previous postings I discussed as......
The roller coaster…. The Nifty has support first support at 4449 and at 4421-16 level which is crucial and the markets shell not get any supply of shorts at this level. If Nifty could trade above 4481-3 level is a bullish sign but the high had to be crossed the minor resistance at 4505-08 level for this day.
The alliances & offers ……..The Nifty has good support at 4320 and even a better support at 4280 level. The Nifty shall open with a gap of 45 points above 4395-97 level and the high has to be crossed the first resistance at 4415-20 level. I think that this resistance will be crossed with out much pain unless there is huge fall in the Asian stocks.
The real challenge for Nifty is to trade above 4450-55 level to threaten the bears to cover their shorts. I think the retail investors will cover at 4450 level but the HNIs and deep pockets may wait and watch the 4523-29 level is decisively crossed.
DOUBTS REMAINED……The Indian markets moved up but left as debris of doubts while moving in such haste. The Bulls took the short-term advantage to make the retail shorts are covered in fear triggered further rally in Friday trades. The crude sliding from the important support level is a welcome sign as it would offer us to reduce the external fiscal burden due to oil imports. The India’s economy may stay for a while with out generating further fear of slow down in our growth.
The creeping uncertainties….The Nifty has to cross and trade above 4539-41 level to continue the up move to become a trend in the coming days. The Nifty has bottom support at 4449-51 level as first support and the better one at 4421-19 level. This can be achieved only when the RIL trades above 2220 level and the high shall cross the serious resistance at 2265 level. The ONGC is in better place good above 1065 level, so today it won’t considerably fall below that level.
The Wall crumbles…The Infy may manage to float above the support at 1640 level and may shuttle between 1770-1640 range till the second quarter results. In case Infy close & trades below the 1690 level and the Satyam trades below 409-06 support level could become the first signs of cracking in the IT stocks.
The consolidation move………The regular readers will observe the RIL strong above 2220 level and weak below 2193 level which was nose dived during the early trade to 2146 level.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
In my previous postings I discussed as......
The roller coaster…. The Nifty has support first support at 4449 and at 4421-16 level which is crucial and the markets shell not get any supply of shorts at this level. If Nifty could trade above 4481-3 level is a bullish sign but the high had to be crossed the minor resistance at 4505-08 level for this day.
The alliances & offers ……..The Nifty has good support at 4320 and even a better support at 4280 level. The Nifty shall open with a gap of 45 points above 4395-97 level and the high has to be crossed the first resistance at 4415-20 level. I think that this resistance will be crossed with out much pain unless there is huge fall in the Asian stocks.
The real challenge for Nifty is to trade above 4450-55 level to threaten the bears to cover their shorts. I think the retail investors will cover at 4450 level but the HNIs and deep pockets may wait and watch the 4523-29 level is decisively crossed.
DOUBTS REMAINED……The Indian markets moved up but left as debris of doubts while moving in such haste. The Bulls took the short-term advantage to make the retail shorts are covered in fear triggered further rally in Friday trades. The crude sliding from the important support level is a welcome sign as it would offer us to reduce the external fiscal burden due to oil imports. The India’s economy may stay for a while with out generating further fear of slow down in our growth.
The creeping uncertainties….The Nifty has to cross and trade above 4539-41 level to continue the up move to become a trend in the coming days. The Nifty has bottom support at 4449-51 level as first support and the better one at 4421-19 level. This can be achieved only when the RIL trades above 2220 level and the high shall cross the serious resistance at 2265 level. The ONGC is in better place good above 1065 level, so today it won’t considerably fall below that level.
The Wall crumbles…The Infy may manage to float above the support at 1640 level and may shuttle between 1770-1640 range till the second quarter results. In case Infy close & trades below the 1690 level and the Satyam trades below 409-06 support level could become the first signs of cracking in the IT stocks.
The consolidation move………The regular readers will observe the RIL strong above 2220 level and weak below 2193 level which was nose dived during the early trade to 2146 level.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
Subscribe to:
Posts (Atom)
