The ferocious daily fight between bulls and bears will not be resolved soon

In the last issue, we had said that over the next few weeks, the extreme short-term rally that we are witnessing would give way to a fresh decline. The decline may start on fresh bad news from global markets or purely the need for foreign investors to sell to meet redemption pressures of their investors. The rally...

Where will the fresh low-interest money from Japan and US go?

Last week, we had asked: ‘Now that the smart crowd is muted, will a temporary low be formed?’ The market seems to have given us a short-term low. On 27th October, the Sensex hit 7,697, a level at which many stocks were available at throwaway prices. From that point, the Sensex staged a superb recovery, rising by about 1,500 points...

The smart bullish crowd is muted. That is a contrarian's sign

In the previous issue, I had said that a small relief rally may be round the corner; enjoy a rally as long as it lasts. After the issue was out, we had exactly two days of rally; then the Sensex crashed to a new 2008 low of 9,911, easily cracking the psychological line in the sand of 10,000. The first time it rose above 10,000 was...