In your interest.
Online Personal Finance Magazine
No beating about the bush.
Over the past few issues, MoneyLIFE Technicals has been maintaining that the likely level for the Sensex is between 13,500 and 15,500. In the week ended Friday, 26 September 2008, the Sensex ended at 13,102. It opened at 13,994 on 22 September 2008 and kept moving lower. Now that 13,500 has been violated, the next support on the weekly charts is at 12,850 which may not hold. There is another...
The accompanying piece on the highhandedness of Indian revenue and law enforcement authorities may seem shocking to many ordinary citizens but not to those who have a ringside view of the hurdles faced by Indians, especially Indian businessmen. India ranks pretty low in world ranking of freedom. We may pride ourselves on our economic growth rate but, according to the 2008 assessment of...
A short-term relief rally may be round the corner
Last fortnight, I said that there was nothing to celebrate in the rally that gripped the world in the week ending 19th September. Maybe we will have a tradeable rally in oil, gold and equities but such adventurism will end in tears for all except the most nimble traders. Indeed, while gold and oil went up and down, the monster global rally in...