Market Showing Strength Again; Despite weak Q1 GDP Data:
Market Recap Market resilient, defying sceptics (Yes, including me), as a surge at month end erased most of the month losses. Nevertheless, India GDP rate slowed to 5.7% in Q1 of 2017-18, perhaps on the back of de-stocking ahead of GST implementation and lingering...
read moreMarket Is Very Over-Valued..!!
Current Outlook: The market has been rising persistently ahead of earnings for over one and half years, and it is much overvalued. Nevertheless, bullish investors seem unconcerned. Historically, Nifty50 is considered to be undervalued if PE value is below 14, fair...
read moreDecent Bounce off, but Infy and pharma stocks weigh down the index.
Summary: Last week I wrote: “we may see temporary bounce soon”, that is precisely what happened from Monday to Wednesday, Thursday was more or less flat, but on Friday selling resumed, attributed to Infosys, stock was being hammered approx 10% in a day on back of the...
read moreKey Support Level Lost, Selling Intensified.
Current Outlook: Broader market including major benchmark indices Nifty50, sensex and banknifty and across the sectors like pharma, banking, auto and capital good witnessed a steep sell off in last week since 7-Aug to 11-Aug. It was the worst week of the year for the...
read moreHedging Techniques for Uncertain Times
Geo political issues keeps arising in global arena time to time. Nobody can certainly predict the quantum of severity and impact and more importantly the time it takes to settle down. To to minimize impact portfolio or position certain hedging techniques are used.
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