Despite the strong gains recorded by equities across the world, most global benchmarks are still some way away from their previous peaks. The MSCI World index is positioned exactly half-way up the decline that ensued after the sub-prime crisis. This implies that while there can be a little more upside in the initial part of 2010, the risk of the third leg of the downtrend unfolding in 2010 persists.
Sensex in 2010
Where is the Indian stock market headed?
Sensex is back again above 17K but the stock prices are yet lower than they were earlier.
Every thing which has gone up has to come down and can again go up that is what the state of Indian stock market is.
What is Sensex & NIFTY?
The Sensex is an “index”. What is an index? An index is basically an indicator. It gives you a general idea about whether most of the stocks have gone up or most of the stocks have gone down.
US Markets Report, Bank Stress Test, Obama’s 100 days of Presidency
U.S. Markets ended the week on the positive note with the Dow Jones Industrial Average closing at 8076: Up 1.5% for the day, Down 0.68% for the week, Down 7.98% YTD The Nasdaq or better known as Technology Index did fairly well in comparison closing at: Up 2.55% for the day, Up 1.27% for the week, Up 7.44% YTD The broad S&P500 Index closed at 866: Up 1.68% for the day, Down 0.39% for the week, Down 4.10% YTD
This upcoming week there a lot of events which will influence the markets:
April 29: Marks the 100th day of President Obama’s Presidency. A report card of sorts will be presented. Where market, american public as well as media from around the world will be scrutinizing the new president’s policies and performance.
April 29: The GDP number or the rate of growth of american economy will be released on Wednesday.
April 29: The FED will give its Interest Rate decision
April 30: Personal Income and Spending information for the consumer for the month of April.
May 1: U.S. Auto makers report car sales for the month of April.
May 4: The Treasury Bank Stress Report is released.
There is far too much hype around this piece of information. It is not that a lot will be known at the end of day about the true health of each of the banks and it is well known that nearly all banks will get a clean report. But Wall Street has raised its expectations and there is much expectation which may lead to uncertainty and volatility in the market for this week. Banking stocks will be under the scanner and one can expect wild swings in the share prices.
How all this affects Indian Markets?
This is a short spread trading week with only 3 active trading days. There is expiry on wednesday the 29th which will be our last day of the week. Thursday and Friday markets will be closed. Elections results and speculations of who will form the next government will lead the market sentiment next week.
Over all I will be cautious in my moves this week.
-Tushar
Weekly support and resistance.
NIFTY has a support at 2790 and 2710 and a resistace at 2950 and 3025
Sensex has a support at 9100 and 8910 and resistance at 9540 and 9740
Do you know Zimbabwe rolls out 100 trillion Z$ notes !
Subscribe for free Email Updates – Click here. Free SMS Updates subscribe – Click here.
Best and Worst of 2008 for the Indian Stock Markets.
Nothing much fascinating this year for the Indian Stock Markets. In the third week of the year market saw a night mare. Except that we saw many stocks reaching their lifetime high in Jan first and second week. Third week onwards investors started loosing their money as there we two consecutive lower circuits on 21 and 22 on Indian Markets.
Since the peek of some 21K markets fell at 7800 odd and now are at 9K levels. It lost its shine as it looses 60% in not even a year.
I doubt if any one booked their full profits.
This year we saw both the phases of the stock markets – Bull Market (for 15 days odd) and rest of the year bear phase.
Just don’t forget – “Every thing which has gone up has to come down again”
|
Best of 2008 |
Worst of 2008 |
|
Many stocks making their life time highs. |
Stocks seen making their 52 Week Lows. |
|
Sensex also reached at a crucial level of 21K mark. |
Sensex and Nifty have now touched their Oct 2005 lows. |
|
N. Deal was passed. |
Fight among govt. for N.Deal. BJP was against and Congress was for it. |
|
Ranbaxy deal |
Satyam and Maytas deal called off. |
|
Tata JLR deal |
Slump in GDP numbers from 9.1 to 6.5 |
|
SunPharma Deal |
Inflation peeked at 12% odd. |
|
Inflation started cooling since Nov. |
Crude touched all time high of 147.27 $ a barrel. |
|
Crude is now at 4 years low |
Worst IIP data were seen. |
|
Few co. posted good results despite of recession in world economy. |
Terror attack on Mumbai. |
|
Brack Obama became |
Terror attack on various other cities too in |
There are many more things, but these are the once which I think are of immense importance.
Sectors which Outperformed.
I can say none of them all are in red.
The worst hit sectors.
Reality / Infrastructure.
Metals.
Auto.
Airline.
Stocks which declared good dividend.
Disa
Colgate Palmolive declared 900% on a face value of Re. 1
Happy Investing!
Subscribe for free Email Updates – Click here.
Free SMS Updates subscribe – Click here.
Markets may recover from next week
Technical analyst, Vishwas Agarwal, while commenting on the market said, “From Monday or Tuesday onwards, market will start recovering for second and last round of current upmove. As this market will make next stop before January 14 and from there onwards, corporate results will start which are expected to be weak.“
“We have only around 10 working days to make money and exit from weak stock. 2,876 is the basic support and 2,976 is important to cross for a strong upmove. Overall market view is trade with stoploss only with no major big target for any upside in Nifty or any stock,“ added Agarwal. – MyIRIS