If we don’t get a snap-back rally soon, things can be pretty ugly, especially below 15,300

In our previous issue, I had suggested that the short-term trend was down. At the time of writing that piece, the Sensex was at 16,860. Over the next two weeks of trading, the market has gone on to make fresh lows. It had crashed below 16,000 on the day of the credit policy (actual low point of...

The market has turned stormy again;we have entered an uncertain stretch

In our previous issue, I had suggested that since the short-term view can change quickly, it is imperative that you look up our daily market coverage, along with exclusive market articles, on our website www.moneylife.in. We hoped you would know what’s coming. Indeed, writing on 15th January on the website, we had...

The market is struggling to find a path between growth and value

There is a French proverb that says: reculer, pour mieux sauter. It means step back for jumping farther. Is the market in that mode for the short term? In our previous issue, I had said the huge rally that we saw on 23 December 2009 completely obliterated the gathering bearishness of the previous weeks and that this kind of...