Now lets look at weekly chart of Nifty in 2008; and try to spot similarities between what happened in 2000-2002 and what scenarios can play out now. Let’s compare 2000-2002 period with current period of 2008 and what scenarios can play out of it’s the exact repeat of 2000-2002 period. 2000-2002 Bear Market 1. Nifty… Read More »
Global markets are in midst of a severe sell off. We are in a terrible bear market, and the question we need to ask – Is this the repeat of bear market of 2000-2002? The answer is may be YES.There is amazing similarity you can spot on charts between what is happening now and what… Read More »
Nifty views are updated in previous post. Nifty can see a sharp pullback from 3650-3700 Level,Aggressive Put Writing is observed at this level. Buy some 4000 call at Nifty around 3700-3750 Levels Upside is limited to 3990 where 38.2% Retracement lies and 4009 where 50% lies. Stock Specific Reliance is a Buy at 1700 levels… Read More »
The US$ 700 billion bailout, the US government claims, is essentialto revive the economy. While the long term impact will have to beseen, the near term impact will be nothing more than a short termreprieve for the market which would fade away quickly.The bailout package will put pressure on the Dollar’s exchange rateand cause inflationary… Read More »
The US Senate passed a $ 700 billion financial market rescue package on a 74-25 vote, authorizing the government to buy troubled assets from financial institutions rocked by record home foreclosures. However, financial analysts across the globe are not too pleased with this bailout package, as, they feel that the losses could be to the… Read More »
Buying is advised in Bank of India once it crosses 295 and Buy at 252-260 Levels at bad days for a tgt of 295
IT stocks have been hammered down mercilessly by the punters over the past few days. Stocks which were touted as blue chips are today being sold off by investors. Well, if legendary institutions like Lehman and Morgan can collapse, can we say even talk about blue chips today? So why have the markets turned sellers… Read More »