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Research
Rupee closes at the best level since 2008
The Indian currency is stronger that it was in January and had finished last week at its best level since September 2008. The tide is strong and is a precursor to clearing the highs of 5300 on the Nifty. For those who have bloomberg access here is the link to my note of October 09 […]
US Ten year note’s yield set for 4.1%
The US 10 year note’s yield, that was trading in a range for the last couple of months, has broken out of a symmetrical triangle pattern. A measured move for this breakout is likely carry the yields to 4.1% in the next 1-3 months time frame.
Trade Idea – 2 Stocks set to make new 52 week highs
Data Courtesy: Bloomberg. Disclaimer: This is not an investment advice, please seek the advice of a registered investment advisor before putting real money to work. Charts are for educational purpose only if you would like to know the names of these 2 stocks, please email me.
One more reason to be bullish
The Dow Theory “buy signal” that was in effect from last July, got another reconfirmation today with the Dow Industrials closing above its January high of 10725. With this, all the three Major US Indices(Dow, S&P and Nasdaq) are clocking higher highs and higher lows thereby implying that the primary up trend that began in […]
Nifty still down YTD
Though Nifty is on its sixth week of back-to-back gains, the benchmark is still marginally down on YTD basis if measured in local currency. The benchmark is up 2.35% if we take the base currency as USD or 4.35% if we take the base currency as Swiss Franc. Interestingly, China is the worst performing index […]
Transports at 52 week high
After Russell 2000 and Nasdaq, the Dow Transportation Index has scaled a new 52 week high on improved volumes. Certainly a shot in the arm for the bulls.
Dollar Index at an interesting juncture
Dollar Index’s (DXY) December-February rally had once again raised the spectre of deflation and had pinned down the equity markets. The recent rally off the Feb lows in equity markets is interesting, given the fact that the DXY has had a strong inverse correlation with equities since the Lehman collapse and it has hardly retraced […]
Risk taking alive and kicking
While the Dow Industrials and S&P 500 are yet to take out their 52 week high’s the small cap Russell 2000 has scaled above its 52 week high and is holding well above it. This shows that the risk appetite of investors is still alive and kicking. In yesterday’s session, the Nasdaq composite too notched […]
Nifty on a new channel
After 4 successive weeks of gains, the 5th week has also started off on a winning note for the Nifty. Excepting 2008, whenever the broad markets have clocked 4 successive weeks of gains, my visual analysis of Nifty and Sensex tells me that markets are embarking on a powerful rally. At the very least one […]