Sunday, 25. April 2010
Buy or Sell- Telecom stocks
Buy or Sell- Telecom stocks
Telecom sector has been into a lot of news these days. One is the 3G auction which is finally taking off and the other is Bharti’sacquisition of Zain.
With all such market buzz, does it make sense to accumulate telecom stocks?
The sector still needs to witness some consolidation and we might see that process starting this [...]
March 21 2010 | Posted in Idea Check, Market Outlook | Read More »
Weekly Outlook
Weekly Outlook
Markets have been showing a great deal of resilience in the last few weeks and Indian indices outperformed their global peers by a margin last week.
I see a lot of momentum building up in select midcaps and small caps. Take an example of Hanung Toys which I had written about 1 week back when the [...]
March 21 2010 | Posted in Market Outlook | Read More »
NIFTY Outlook
NIFTY Outlook
In my last post, I had indicated how markets are looking bullish in the short term due to prevailing scepticism in the market. The left out junta is again waiting for a deep correction and true its character, the market is not providing that opportunity. 5300 is one level a lot of traders would be [...]
March 17 2010 | Posted in Market Outlook | Read More »
Bulls are back!
Bulls are back!
Markets have been trending up nicely and bulls are in firm control of these markets. What is more encouraging for the bulls is the fact that many players had either booked profits before the budget or had gone short in anticipation of fiscal stimulus. Now most of such players are in the “left out” or [...]
March 9 2010 | Posted in Market Outlook | Read More »
Have the bulls returned?
Have the bulls returned?
As written in my earlier post, a trade above 4900 has the probability of hitting 5000 on the NIFTY. Does this indicate that the bulls have taken hold of the markets, once again?
This looks very likely although there are still some hurdles that need to be crossed. The first resistance is 5050-5100 which can invite [...]
March 3 2010 | Posted in Market Outlook | Read More »
Budget Day Today!
Budget Day Today!
In the short term NIFTY is currently in a downward trend although medium trm trend is sideways and longer term trend is bullish.
This means that short term traders can go long only when NIFTY trades above 4900 for short term targets of 5000 and beyond. Medium term traders would do best to stay on the [...]