Hi friends,

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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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 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 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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Equity Markets selloffs continue with hardly any pullbacks. Last week the S&P500 was depicting signs of a pullback to 1250 but the pullback lasted just around 1210 before another round of sell off. The scenario was similar across global equity markets. Tensions of a global recession have begun resurfacing. Gold continues to move northwards [...]

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Wishing all my Indian friends a Very Happy Independence Day!!! As expected the Dow and S&P500 staged a minor pullback. Rumours continue to plague markets. The recent one being the downgrade of France. This led to the ban on short selling European shares which aided the pullback in European shares too. Gold made a [...]

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It is a very important week ahead. The main event is the US debt ceiling deadline on 2nd August.The moot question is will the deadline be extended on the basis of an actual plan or will the US be declared a defaulter which could see it losing its credit rating. I had been mentioning [...]

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Last week I had pointed out that the S&P500 was headed for a pullback while the nifty too would probably continue its pullback. At the same time I had mentioned that in coming weeks (short term) the euro would head lower in a corrective manner although in the medium term (3 months) it would [...]

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