Nifty Stance Bearish ⬇ Over the last week, we fell 132pts ~ 0.57%, but most importantly we defended the resistance level of 23357 confidently. On 3 occasions we went above this level, but the bears managed to bring Nifty down to a comfortable position. Another interesting fact is that we hit a new session low…
When the PM makes a statement, the entire media house is gung-ho on that and carries that headline without really dissecting the facts. We are going to base today’s discussion on the report by the famous PWC that said “Twenty-five years from now, India could exceed a per capita income of USD 26,000 — almost 13 times…
Nifty Stance Bearish ⬇ We dropped 208pts ~ 0.89% over the last week. What would have been a superb bear trend was cut short at 23047. The price action of Monday 13th Jan was dangerous and it got the entire investing community talking. The recovery from there has been nothing short of magic, but the…
There are 2 types of traders :- Discretionary traders Algo based system traders Discretionary traders are people who believe in their gut to take the trades. Most of the time, they would be right as well. They let their intuition win all the time. These veterans may be trading for more than 2 to 3 decades…
Exactly one year back, I started a small case of 30 stocks. The dream — just one, to spot multibaggers. For the uninitiated, multibaggers are stocks that go up multifold, at least 10 times. So if a stock is priced at 100 now, it should be priced at 1000 within a period. A conservative investor would want…
Nifty Stance Bearish ⬇ I had guided for a bullish week if you had read my last weekly report. Everything looked up, as we had moved close to 766 points in the last expiry. Surprisingly, tables changed fast enough, on Friday we had a down day and then on Monday, we had an immense fall….
Systematic Investment Plans (SIPs) work perfectly for the salaried class. People who have a regular income can plan for an auto debit every month towards mutual fund investing. What about people who do not have a regular income, like the business owners or the self-employed professionals? Will SIPs work for them? The short answer is…
Nifty Stance Bullish ⬆ In the last post mortem report, I did indicate the change of stance if Nifty goes above 24177. Nifty has a close of 24188 (weighted average) and 24167 (traded value) — so I cannot say with a 100% guarantee if we got a real close above 24177 or not. The 445 pts ~…
Nifty Stance Bearish ⬇ On a week-to-week basis, we only fell 204pts ~ 0.85%, but things definitely did not look good last Friday. We could have easily taken out the 23350 levels but the reversal on Monday halted the momentum. I guess the sellers will have to rally the market again to push it down…
“According to SEBI, only 5% of the Indian population has ventured into the stock market, compared to significantly higher rates in countries like the United States (55%), the United Kingdom (33%), and China (13%). On the other hand, data from the Reserve Bank of India (RBI) indicates that a staggering 95% of Indian households have…
