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The Nifty is likely to form a short term bottom between 4400-4580. This is based on the length of the pullback wave on the daily chart. Short term investors can look to buy at those levels for a Santa Clause rally.

Happy Trading!!

Savio

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While the retracement in the Dow and European markets has been more or less in line with expectations the retracement in the Indian market has been a bit severe and has raised a doubt on the double bottom formation made in September. While the Dow and European markets retrace a bit more in the [...]

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Back after a short break. As has been my earlier view, US and European equity markets continue to be in a bear market rally. The rally will have its share of retracements but slowly and steadily investors are getting back to stocks. Long only funds have also started buying. This is exactly what the [...]

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Great close to the week for the US markets. There were retracements during the week but eventually the markets closed higher. Now this is no surprise as we move into the last stage of the bear market. As I have maintained and continue with my overall view that the Dow and the Dax are [...]

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The week was a stunning week and more of a decider week for the next 2 months. We can now safely conclude that the markets have a short term bottom in place. The Dow and the Dax made lower lows and then created a massive impulse wave indicating that it is headed higher in [...]

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The week was in line with expectation. Most indices tested their support levels and bounced back. The bounce back was supported by some good news. The Bank of England launched a second round of quantitative easing, pledging to buy a bigger-than-expected 75 billion pounds of assets with new money. The European Central Bank followed [...]

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The week was more or less in line with expectations. The US markets first staged a pullback and then resumed their downtrend. The pull back was in anticipation of the European Bailout plan which was to be voted by Germany. Since Slovenia is yet to vote on the Plan on 11th October and there [...]

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The FOMC proved to be the trigger for a massive sell off in global equity, metals, and commodities. Practically everything pegged against the dollar. But the “Operation Twist” was known to the market wasn’t it? Then what was it that caused the massive sell off? Were Mr Bernanke’s statements about the global economy under [...]

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The week panned out as expected. Most levels of asset classes and currencies covered in the previous update were tested and as expected markets bounced back from those critical levels. For the next week all eyes will be on the FOMC meeting where market participants would be looking at some kind of stimulus measures. [...]

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The week panned out well except for Friday where Global markets saw a sell-off in risk assets. The dollar gained strength on account of a very weak EURO and the GBP also went down in line with the EURO. Gold in a trading range and remains on course to $2000.Market Volatility has increased and [...]

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