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Nifty View on Weekly Chart Nifty weekly chart has formed “Hammer “ which suggest some amount of pull back in market in next week but in addition to this if we talk on intermediate term then Nifty has formed “Symmetrical Triangle Pattern” pattern which has given bearish breakout and below 2700 (on closing basis) we [...]
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The past week was a horrible one. A company like Satyam can do such a big fraud, unbelievable. The stocks made a high of 189 and a low of 11.50 in the past week. Its all time high is 575 and all time low is 11.50. Raju is now sent in jail. But the innocent [...]
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This week we saw markets crashing down drastically. Sensex and NIFTY both are down over 7%. Inflation is cooling down. Current inflation is at 6.61 compared to 6.84 last week. See the life as crude is below 35$. Satyam is banned by World Bank for 8 years. (Don’t carry any long position is this scrip) [...]
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Last week markets remained up due to good global cues. I was shocked as US (Obama) is giving Pakistan 100 billion $ loan for its economic upliftments. US is actually playing double sided game. It is giving Pakistan this amount as it has supported its Afghanistan base. The Satyam and Maytas deal was called off [...]
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The markets commenced the last week on a subdued note against the backdrop of weak global cues and not so encouraging domestic economic data. For the first time in five years, India’s export growth slipped into the negative in October as key developed markets are now well and truly in the midst of a recession. [...]
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Last week we saw markets going marginally up after good global cues. It was one of the most volatile weeks on the bourses with benchmark indices gyrating sharply as profit booking alternated with short covering before the F&O expiry date. While a big bailout package in which the US Government promised USD 326 billion to [...]
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Indian Stock Markets have witnessed a worst hit. Indian markets are now down over 57% from its peak. Its almost at its 3 years low. Markets need a good breath now. Traders are worried and even Investors. Recession has covered the whole globe. No one has been left out. No fundamentals in markets as of [...]
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