SMI-Market View – 14th September 2011

Posted By : Kishore B.S

Friends, As I write this market view its give me immense pleasure and happiness that we are witnessing the highs made during the months of March which was around the 5600 mark. Yesterdays much anticipated Bernanke statement to support the US economy with his dramatic speech spiralled the US markets to touch new multiyear highs not seen since the year 2008. On the backdrop of this the

SMI-Market View – 13th September 2011

Posted By : Kishore B.S

Friends, Yesterday our markets displayed some strength during the last hour of the trading session where the session was marked with huge volatility due to the IIP data. In-spite of the weak and lower than expected IIP data the markets seemed focused towards the higher side of the Indices at 18000 and 5228 the key resistance levels and co-incidentally the higher levels during the last few days as well. After the

SMI-Market View – 12th September 2011

Posted By : Kishore B.S

Friends, Our domestic markets and Indices remained largely resilient yesterday awaiting eagerly the IIP data to be released today and the likely implication of it coupled with the inflation data to be released on Friday on the policy action of RBI during its meet next week. The domestic market suddenly seems to be gripped with some positive hysteria that some positive news push could soon be in the offing after

SMI-Market View – 11th September 2011

Posted By : Kishore B.S

Friends, After the BIG spike in the indices over the weekend on Friday and extended session of Saturday, yesterday the markets took some breather. This breather after the huge surge is not unusual and can be termed as some profit booking or consolidation phase. Though not much has changed in the domestic arena yet the Global news put forth the spike for our markets due to which the

SMI-Market View – 10th September 2011

Posted By : Kishore B.S

Friends, After the initial hiccups and sell off which was witnessed last week followed by huge volatility swings in the markets the Indices finally moved up to cross the pivotal resistance level of 5300 on Fridays session due to the Super Mario Effect. The much awaited decision by Mario Draghi the Chairman of ECB who is popularly known as Super Mario due to his commitment towards bolstering the

SMI-Market View – 6th September

Posted By : Kishore B.S

Hi Friends !!!! Our markets finally succumbed to the selling pressure after the much anticipation and expectation of the correction remaining incomplete to cover the GAP of 5220 yesterday. The selling pressure was widespread and across the sector where most of the stocks declined especially to note being banking, auto, metals which took the indices to lows of nearly 5215 where the support emerged finally. Most

SMI – Market View – 5th September

Posted By : Kishore B.S

Hi Friends !!!! Our markets remained largely undirectional yesterday swinging on both the sides of the equilibrium of negative and positive zones. Though the upmove during the last hour of the trading sessions suggested that the upmove could start anytime yet it lacked the conviction to hold and prove that the rally would sustain for long. The uncertainity can be largely attributed to the technical parameters