After a break, indices May resume uptrend
by Pritesh Mehta May 09, 2016 07:19 IST
On the intra-day charts, Nifty is also on the verge of breaking out from the falling wedge pattern. Index has provided pullback from cluster of important support placed between 7670 and 7710. i.e. gann support. So the recovery seen from Friday’s low is likely to continue in the near term.
Commodities: The remedy to lower prices is lower prices itself
by Hitesh Jain May 04, 2016 14:59 IST
Markets have an uncanny habit of placing the cart ahead of the horse. The remedy to prolonged lower prices is lower prices itself. It is akin to homeopathy, wherein poison kills poison. Any structural problem needs a constitutional remedy. Swift recovery in prices without any shift in underlying fundamentals derails the much needed process of calibration in supply/demand equilibrium.
Nifty at 7973: Back where it all began!
by Pritesh Mehta April 21, 2016 17:59 IST
On the monthly charts, the Nifty needs to close above 7973 above which Nifty could get into a turbo mode and head towards 8410.
Crude Oil: Perception v/s Reality
by Hitesh Jain April 13, 2016 21:03 IST
The resurgence is attributed to production freeze by OPEC at January levels, wherein major producers concurred on the decision, while Iran was provided a special exemption to expand the output, considering that the Islamic Republic has just got the monkey of its back (free from economic sanctions).
Budget 2016: A strong case for interest rates to head southward and boost investment
by Nirmal Jain March 02, 2016 10:20 IST
As government’s market borrowings have been capped at Rs 4.2 lakh crore, there is a strong case for interest rates to head southward.
Not a Dream Budget - Spotlight on fiscal consolidation
by Amar Ambani March 01, 2016 08:11 IST
Budget was a neutral event. Although some of the feared measures didn't come through, the FM missed a huge platform to deliver a dream Budget.
Budget 2016: Why an anti-rich Budget wouldn’t be a pro-poor one
by Nirmal Jain February 26, 2016 11:39 IST
"There are murmurs in the market that the Budget stance will be pro-poor and antirich. A few such provisions being talked about are dilution of long-term capital gains tax exemption, increase in dividend distribution tax, increase in corporate tax rate and further increase in the surcharge rate on the high income group,” said Nirmal Jain, Chairman, IIFL Group.
Market cracks on Global rout. Long discount sale now on!
by Amar Ambani February 15, 2016 12:32 IST
Indian Equities cracked on global rout. There are some India specific issues, but lot of things going for us as well.
They all fall down
by R. Venkataraman February 15, 2016 10:19 IST
At the cost of sounding philosophical, this too shall pass. There will be deaths along the way, and the survivors will make money and again get loans from everyone when the cycle turns, hopefully after another 3-4 years.
Night is darkest just before the dawn! Waiting for a new dawn?
by Pritesh Mehta February 10, 2016 12:26 IST
When index gets into freefall zone, sanity suggests that traders should not punt on support levels. Let the market decide where it wants to stabilize. Our historical study of corrections in Indian markets, gives us an interesting observation i.e. Fractal nature of Indian markets.