A Rally Looks Likely, If…
In the last issue, I had said that stocks would be buffeted by a daily conflict between negative news and positive market action and vice-versa. If the US and Asian markets are down, the Indian market too would go down. This is what happened last fortnight; the Indian market went down, then up in tune with global markets.
Meanwhile, bad news continued to pour in...
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...
