and the numerous EMs with current account surpluses, it also is inappropriate to talk about developed market capital flows dwarfing emerging market flows,” he said in his morning note, adding that the current mood of fear was a good buying opportunity. On a different note, CLSA’s Laurence Balanco infers from his
10.15 AM Jan 27th
Nifty may retrace 5500; rupee seen heading to 67/$: CLSA 12 Jul 2013, 01:00 PM The uptrend seen in emerging markets (EMs) over the past week is a relief rally and the downward trend is likely to extend, Laurence Balanco, Asian Technical Research, CLSA told CNBC-TV18. The broader MSCI EM index
6.01 PM Jul 12th 2013
," said Laurence Balanco ofCLSA."Above the upper boundary of the citedtrading range, next resistance is seen at the6,340-6,350 area, the 2008 and 2010 highs.The rising 50-day MA, currently at 5,956,continues to provide key support duringpullbacks. It would take a break below thiscited support level to set
4.11 PM Feb 5th 2013
Recent price deterioration has pushed short-term equity momentum and breadth indicators to oversold levels, making rebound rallies possible, says Laurence Balanco of CLSA on CNBC TV18. But, new lows are likely to follow rally attempts, he adds Source - money.rediff.
2.34 PM May 16th 2012
Choppy price action persists as the Nifty continues to form a declining wedge pattern with a series of slightly lower lows and slightly lower highs, says Laurence Balanco of CLSA on CNBC TV18. He believes that however, this is typically a bullish pattern as it reflects poor downside momentum
1.53 PM Apr 17th 2012
Laurence Balanco, Asian Technical Research, CLSA warns that a break below 5000-5100 on the Nifty will damage sentiment. He is also worried that the Nifty may slip to 4700 if it is unable to hold 5000 levels. "The Nifty is sitting just above a key support at 5100-5200. A break back below
2.30 PM Apr 11th 2012
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