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MARKET IS UNDER BEAR CONTROL STILL THE WORLD MARKET IS ALSO WEEK MONDAY TO FRIDAY IS ON CORRECIVE MODE MARKET...
MM: The FIIs were net seller`s yesterday.. Dal main kuch kalla hain. They are pulling index up and selling? DII`s have been net sellers for almost 6-7 sessions, expect for yesterday. ...
Indian market is always on its own or rather as FIIs decide. Global cues becomes handy to explain the market moves if it is in the same direction.
With an FII inflow of 75000 cr from Apr-2009, eventually the market will only go up. In between there will be a lot of ups and downs. As I said earlier, given the F&O expiry next week, there will be a lot of unusual moves. Market can go up vertically in the next few sessions against the global cues also. ...
why suzlon was beaten down? first it was defective blade issue then badly timed huge acquisition debts and lastly recession hit -ve results followed by promoter stake sell here. so recovery should be in same order. blade issue has been addressed successfully long back. acquisition debt with over 10% interest rate is being reduced by hansen sale. remaining debt soon to be replaced by cheap loans from indian banks with two year mart period. two recent orders are rays of recession end hope. i shall buy more....
TODAY IT FURTHER CLARIFIED THAT US DOW IS HAVING MINIMAL EFFECT ON INDIAN MARKETS!!...
Like those fraud gap openings, this so called stance of the govt, is as manipulative, and hence to be ashamed off in a free society....
Dear marketman
Do you think Govt was interested to bring sensex from 21K to 8K ???...
Kya typo mistake ho gaya?...
Market is looking very strong.... fiis and govt not interested to keep sensex below 17000 mark.......
the management is useless. sell suzlon and buy gvk power....
what the bigg bull 3 RJ (after HM & KP) is doin now? Buying his all time favorites or dumping big time....
sell baby sell. ...
4950 or below ...
The morning brings with it slightly soft cues from the West. The S&P is below 1,100, the dollar index has rebounded a little bit and the Asian markets are just about drifting and indications are that we might drift a bit again this morning.
Q: Some of that correction we have pre-empted yesterday by the time we close up?
A: Yes, the market had a sense that global markets are probably just going a bit sideways for the moment. No huge damage has been done but you could see that the Nifty after two days of a pause has not been able to get above that 5,100 mark very decisively.
So once it fails in it attempts to go up, it sometime retraces and then tries again and that is pretty much what we seem to be going through. However, markets are full of surprises, today may be the third day of correction and whether at some point during the day you can see a little bit of a support coming in at lower levels. But let us take it one day at a time, we have just closed below 5,000 level on the Nifty. So let us not pre-empt what the market has on its mind.
Q: These past few days it has shown that for the global equity markets there is more strain in the system?
A: The problem is that the Dollar Index is behaving very stubbornly around that 75 mark. A couple of times it has dipped below that, but it is just not staying there and it keeps popping back to that 75.50 kind of levels. So it’s just spending any time which will give traders who are now tracking the inverse co-relation trade any comfort that that level has broken, that the Dollar Index may now start sliding towards 73–72 levels and that will drive the next leg of this technical trade for global equities and commodities. That comfort I don’t think is coming through which is why maybe a bit of re-allocation of resources is happening because people seem to believe that at 75 there is a very strong support which may not break out in the near-term.
So that is the key moniterable at this point in time. If the Dollar Index really rebounds above 76 etc., then people might think that the breakdown trade did not work; therefore, the stock markets might need to adjust a bit in the near-term. These are all technical near-term factors but they are important in the context of a day and week’s timeframe of trading and that is clearly what is going on at this point time time. So you just want to track that and not get lost tracking macro-economic data because this is just year end trade which people are trying to suss out and that is linked very much to flows and what they will do over the next four weeks versus what the dollar is going to do. So I think we just need to be cognizant of what is going on globally now.
-Udayan Mukherjee, Managing Editor,CNBC TV18...
Present correction Looks like a Bull Trap !...
