Yearly Archives: 2008

Buy Bharti Airtel at the current price with a stop of Rs.734. The stock may breeze to Rs.774/782 shortly.

NIFTY OI PCR IS LOWEST SINCE JUNE 15, 2006-A RAY OF HOPE FOR Recovery Nifty Oct call added 17% in OI at 2.98 Cr shares while put shed 22% in OI at 1.50 Cr shares. On the back of this call writing at higher level strikes and covering of positions by the put writers as… Read More »

Reserve Bank of India (RBI) with a view to inject liquidity in the system has proposed another CRR cut of 100 basis point (bps) in addition to 50 bps made last week. Aggregate cut of 150 bps in CRR, would inject a liquidity of Rs.60,000 crores in the banking systems. Against borrowings of upto Rs.90,000… Read More »

CBOE VIX weekly chart: On most occasions, whenever the VIX IDX hastouched an intermediate high, it’s normally followed by a rally in the US markets. This timetoo, with the VIX hitting a life time high, we may see the US markets producing a bounceback, though it should be clearly stated that such an up move… Read More »

Now lets look at weekly chart of Nifty in 2008; and try to spot similarities between what happened in 2000-2002 and what scenarios can play out now. Let’s compare 2000-2002 period with current period of 2008 and what scenarios can play out of it’s the exact repeat of 2000-2002 period. 2000-2002 Bear Market 1. Nifty… Read More »

Global markets are in midst of a severe sell off. We are in a terrible bear market, and the question we need to ask – Is this the repeat of bear market of 2000-2002? The answer is may be YES.There is amazing similarity you can spot on charts between what is happening now and what… Read More »

Nifty views are updated in previous post. Nifty can see a sharp pullback from 3650-3700 Level,Aggressive Put Writing is observed at this level. Buy some 4000 call at Nifty around 3700-3750 Levels Upside is limited to 3990 where 38.2% Retracement lies and 4009 where 50% lies. Stock Specific Reliance is a Buy at 1700 levels… Read More »