Nice While It Lasted

The market continues to struggle to find a direction

In my previous column (titled ‘Nice While It Lasts’), I had said that while the main indices have run up by 23% on the hope that the government will put through “reforms” and the fall in oil prices will help. At the current stock prices, these factors are somewhat factored in; and, at best, we will get a move back and forth. “Specifically,...

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  • Nice while It Lasts

    Expect a small pullback and pray for more positive news

    In my previous column, I had said that, over the short term, the 12,514 bottom made by the Sensex was significant. From here, I had surmised that there were three possibilities. First, there would be a pullback of the rally that started, followed by a fresh upmove. I felt that the rally that started before the trust vote in Parliament...

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  • Not a New Bull

    It is too early to call a bottom

    In the previous issue, I had written that stock price patterns suggested an imminent downward move in the Sensex which would probably take the market to 12,400-12,200. I had also suggested that there was chance that the Sensex would rally further from here to 14,500 but that there was hardly any trigger to take it beyond that level. Well, we did have a fresh...

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