Nifty recovered over 10% from recent low 6826 levels, due to sharp recoveries with gaping action Nifty entered into overbought zone on intraday chart. On levels front, important resistance zone seen at 7560-7600 levels, while on flip failure to sustain above 7450 may invite some profit taking and
Grin Now, Bear it Later! Better Start for Indices
Investors and traders may have had some sleepless nights given the way the market has been accelerating on a downhill. But the brakes seem to be applied, albeit temporarily as global cues seem to have picked up their pieces and are looking to put up a smile. There are a host of outside the market
Market Outlook- July 2015
Economic Data Growth: Financial Year 2014-15 GDP growth came in at 7.3% (earlier est. 7.4%). This was an improvement from 6.9% in 2013-14, despite poor monsoons and sluggish consumption trends. Recovery was led by investments with gross fixed capital formation moving up marginally to 4.6% v/s
Will Markets Look Up in the Near Term ?
As in life, sentiment plays a major role in stock markets. That is why despite India's economic and corporate fundamentals being under stress, the stock markets were on a tear in 2014, thanks to a decisive leader taking charge of the nation. Global portfolio investors loved Prime Minister Modi
The direction for the market?
I made a presentation sometime in 2013 to a group of investors in Pune. It was just a year before the Lok Sabha elections in India were due. The topic of the presentation was pre-election year performance in Indian stock market. The presentation covered an analysis of 6 pre Lok Sabha election