In your interest.
Online Personal Finance Magazine
No beating about the bush.
A new rally has started on the back of fresh foreign portfolio investment
In our previous issue, I had said, “We have turned neutral but expect a sharp decline soon.” On 11th December, at the time of writing that piece, the Sensex hit a high of 17,352 and immediately came under pressure. Over the next six trading days, it gave up as much as 800 points from that Friday’s high and it...
We have turned neutral but expect a sharp decline soon
In our previous issue, I had turned bearish with a caveat. I had said that “the price action towards the end of the fortnight (ending 27th November) has stirred us.
We now have a forecast: it is down. The headwinds are increasing.” However, it was an early signal and we needed a viable stop-loss. I had, therefore, asked: “What if we...
The market is trying to fight off a slew of bad news
Over the past fortnight, we have seen the Sensex moving in the range of 17,290 and 16,210. You realise that the difference between the high made on 25th November and the low made just two days later on 27th—on fears that Dubai was going to go bankrupt—is just 1,080 points. In fact, even on the 26th morning, the Sensex was above 17,200,...