The markets continued with their upward march to end the week with a gain of 3.2 pc. Infy had surprisingly good results (My unscientific analysis went for a toss) and the markets looked to be in a festive mood.
1. The IIP results came out after market hours. They were poor but that mainly due to poor Capital Goods data. The Capital goods data was very good in previous 2 months so normalized.
2. The US Gridlock needs to be resolved by by Oct 17th. India is a winner either ways. The longer the gridlock continues, the longer the easy money will be available.
3. Janet Yellen is a dove. She will not pull the plug on easy money so far. Enjoy the rally as long as it lasts.
4. 6142 if the market crosses then we are all set to challenge 6229 and then 6357. The figure of 6142 needs to be closely watched.
5.This will tie in with the pre-election rally, some experts are projecting. There can only be 1 rally, pre-election or post election rally.
This also points out to hung Parliament next year.
We live in interesting times. 6100 is not a time to make fresh entry ito the markets. Time to gradually book profits as we go higher. we all get chances to buy at lower levels.
Couple of months back, markets did visit 5118. The markets are always going to remain here and we all with get fresh chances. Impulsive buying can lead to losses and regret.
1. The IIP results came out after market hours. They were poor but that mainly due to poor Capital Goods data. The Capital goods data was very good in previous 2 months so normalized.
2. The US Gridlock needs to be resolved by by Oct 17th. India is a winner either ways. The longer the gridlock continues, the longer the easy money will be available.
3. Janet Yellen is a dove. She will not pull the plug on easy money so far. Enjoy the rally as long as it lasts.
4. 6142 if the market crosses then we are all set to challenge 6229 and then 6357. The figure of 6142 needs to be closely watched.
5.This will tie in with the pre-election rally, some experts are projecting. There can only be 1 rally, pre-election or post election rally.
This also points out to hung Parliament next year.
We live in interesting times. 6100 is not a time to make fresh entry ito the markets. Time to gradually book profits as we go higher. we all get chances to buy at lower levels.
Couple of months back, markets did visit 5118. The markets are always going to remain here and we all with get fresh chances. Impulsive buying can lead to losses and regret.
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