tag:blogger.com,1999:blog-7148222695370746347.post5042505252395945137..comments2023-10-15T17:16:24.091+05:30Comments on Stock Market Charts | India Mutual Funds Investment: Nifty mid-week update: bears defend 5400Subhankarhttp://www.blogger.com/profile/13248068905130821262noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-7148222695370746347.post-81054562696755509952012-02-10T13:53:55.944+05:302012-02-10T13:53:55.944+05:30@PL: Appreciate the kind words.
@SB: Only one day...@PL: Appreciate the kind words.<br /><br />@SB: Only one day's close above Nifty's 5400 level so far. We need to see a few more closes above 5400 before declaring victory to the bulls. That may happen sooner rather than later. But it must happen.<br /><br />@Salil: "One swallow doesn't make a summer" is an old English proverb. <br /><br />We may already be in the early stages of a bull market. There should be a decent correction to the 20% rally from the Dec '11 low. A higher bottom than 4531 may propel the market much higher.Subhankarhttps://www.blogger.com/profile/13248068905130821262noreply@blogger.comtag:blogger.com,1999:blog-7148222695370746347.post-39392815020089996742012-02-10T13:45:15.697+05:302012-02-10T13:45:15.697+05:30@CMG: If you allow the market to dictate to you, y...@CMG: If you allow the market to dictate to you, your portfolio will be in trouble! Only you should be the boss of your portfolio.<br /><br />I prefer to look at the market as a slightly eccentric uncle who buys you sweets for no reason at all, and boxes your ears when you think you have done something important. My energies are directed towards assessing this crazy uncle's mood, so that I don't get my ears boxed!<br /><br />@Din: Isn't it interesting that despite heavy FII buying, the Nifty is struggling to cross the 5400 level? If you give technicals a breather, you will not know what is going on. The fundamentals certainly didn't trigger this rally.<br /><br />@SB: Very pertinent observations. The battle for the Line of Control (5400 on the Nifty) is going on. That is mainly of entertainment value. Stick to your plans through thick and thin, and you will succeed. As a sage once mentioned: The real Kurukshetra is in your heart!Subhankarhttps://www.blogger.com/profile/13248068905130821262noreply@blogger.comtag:blogger.com,1999:blog-7148222695370746347.post-77251614143548623222012-02-09T17:44:21.310+05:302012-02-09T17:44:21.310+05:30Finally closed above psychological level of 5400. ...Finally closed above psychological level of 5400. Seems uptrend is here to stay for some more time.<br /><br />SalilSalilhttps://www.blogger.com/profile/16442383397932550560noreply@blogger.comtag:blogger.com,1999:blog-7148222695370746347.post-39146890074679164982012-02-09T17:10:41.473+05:302012-02-09T17:10:41.473+05:30You can't argue with money...LOL
3% leeway fi...You can't argue with money...LOL<br /><br />3% leeway finally seems to have beeen conquered. Are we in a bull orbit now?Sanjeev Bhatiahttps://www.blogger.com/profile/02857848132500280952noreply@blogger.comtag:blogger.com,1999:blog-7148222695370746347.post-42345828443483075472012-02-09T15:11:30.695+05:302012-02-09T15:11:30.695+05:30Thanks a lot for your regular posts. I enjoy readi...Thanks a lot for your regular posts. I enjoy reading your articles and your views do provide us laymen with a very clear view of the markets,<br /><br />Nobody can predict the market, but one can definitely read the market as to what is taking place there , which you are clearly doing with accuracy.Prem Lullahttps://www.blogger.com/profile/06705341771828708800noreply@blogger.comtag:blogger.com,1999:blog-7148222695370746347.post-11702943656296108112012-02-09T10:27:23.941+05:302012-02-09T10:27:23.941+05:30Hi Subhankar da,
Fundamentally, I don't think...Hi Subhankar da,<br /><br />Fundamentally, I don't think there is much change to warrant a sustained rally. It is only liquidity (with which you can't argue) which has been feeding this rally. Ground realities remain the same as were 3 months ago. CRR ratio has further led to (unjustified)boost. It does not make much positive move for banks since interest rates are still at previous higher levels and there is much reduced offtake and banks are already having cash in abundance but few takers. Inflation levels are down because of base effect and also due to seasonal inflow of vegetables etc due to which food infaltion was down. Fiscal deficit is too much on higher side and given the voting season, populist measures are going to be a dime a dozen, fiscal health be damned. We have A deaf mute prime minister, that too in absentia, no credible opposition, scams galore, irresponsible babudom, passive public and no reforms in sight. All this is enough to scare a long term investor, be cautius and adopt wait and watch policy.<br /><br />Technically, yes, we haven't breached the 3% leeway levels yet. Both RSI and stochastics have been continuing at overbought levels for quite some time now and there is nice negative divergence in both of these. Although nifty is making higher highs, both RSI and stochastics have failed to make higher tops, indicating impending correction. Nifty PE is at higher levels (19.14 as on 8th feb)although still way below bubble zone.<br /><br />Final Call...? You can't argue with money or price levels, the ultimate indicator. Till the time money is sloshing around, all technicals can be put to sword. Continuing my SIPS, no fresh investments, weeding out the duds in this rally and dusting off my watch list.<br /><br />Thanks.<br /><br />Sanjeev BhatiaSanjeev Bhatiahttps://www.blogger.com/profile/02857848132500280952noreply@blogger.comtag:blogger.com,1999:blog-7148222695370746347.post-61029301764915415522012-02-09T00:50:48.071+05:302012-02-09T00:50:48.071+05:30leave technicals a breathr n follow FII for a whil...leave technicals a breathr n follow FII for a while ... and tradeDinhttps://www.blogger.com/profile/11386782324422012784noreply@blogger.comtag:blogger.com,1999:blog-7148222695370746347.post-5469524134595874192012-02-08T23:29:37.470+05:302012-02-08T23:29:37.470+05:30Dear Sir,
Market is the boss.
Boss is always righ...Dear Sir,<br /><br />Market is the boss.<br />Boss is always right.<br />Whatever it will do, will be the correct only.<br />In this market, readers view have no meaning...........<br />Possibilities are only two i.e. either bull will win or Bear will win....<br />So one has to be correct in next few days.....<br /><br />Chandra Mohan GuptaMumukshh Ki Rachanainhttps://www.blogger.com/profile/11100744427595711291noreply@blogger.com