The US$ 700 billion bailout, the US government claims, is essentialto revive the economy. While the long term impact will have to beseen, the near term impact will be nothing more than a short termreprieve for the market which would fade away quickly.The bailout package will put pressure on the Dollar’s exchange rateand cause inflationary… Read More »
The US Senate passed a $ 700 billion financial market rescue package on a 74-25 vote, authorizing the government to buy troubled assets from financial institutions rocked by record home foreclosures. However, financial analysts across the globe are not too pleased with this bailout package, as, they feel that the losses could be to the… Read More »
Buying is advised in Bank of India once it crosses 295 and Buy at 252-260 Levels at bad days for a tgt of 295
IT stocks have been hammered down mercilessly by the punters over the past few days. Stocks which were touted as blue chips are today being sold off by investors. Well, if legendary institutions like Lehman and Morgan can collapse, can we say even talk about blue chips today? So why have the markets turned sellers… Read More »
Tomorrow we may see a week opening trade below 3874 continue then heavy panic may seen in market and it slide up to 3752 and then 3654 level. At upside it face resistance at 3970. Try to Build a portfolio by entering just 20% of fresh investment. REL cap around 979 BHEL at 1450 Reliance… Read More »
4200 Levels to be watched as at this level call Writing has taken place and 3800 on Downside Nifty Views Updated in http://brameshtechanalysis.blogspot.com/2008/09/nifty-weekly-29-03-oct.html Please have a look at this post http://brameshtechanalysis.blogspot.com/2008/09/hope-people-have-exited-there-longs.html Stocks Specific Trading Calls SBIN Buy at 1404-1420 Levls for a tgt of 1486 SL 1375 Reliance Buy at 1950-1970 Levels TGt 2013 and… Read More »
US mortgage crisis: A subprimer Q: What is a sub-prime loan?A: In the US, borrowers are rated either as ‘prime’ – indicating that theyhave a good credit rating based on their track record – or as ‘sub-prime’,meaning their track record in repaying loans has been below par. Loansgiven to sub-prime borrowers, something banks would normally… Read More »
All eyes are on the US, will this $700 billion package come through or not? Though most know that US does not have any other option today, the question is will the entire $700 billion be sanctioned all at one go or would it be in tranches? At the same time, there are many more… Read More »
ADX is near 30 which is a sign of bullishness. DI+ is about to crossover DI- Long positions can be taken with a SL of 829 on all Longs Initiated.