nifty and sensex @ Modi Wave channel bottom support !!

NIfty : very crucial juncture

1/3/12

indian index update jan 2012

sensex : 15750 is a major support

20-11-11

Extremely oversold markets ! July-Aug 2011 crash

 Almost all equity markets are oversold on historical basis ...so be cautious...they could  rally equally sharp...Gold could correct is this happens..and don't forget the 
power of Governments  to print money and give stimulous(s)... They can destroy commodities' futures ..if they wish by increasing margins...

Esp..Dow is ridiculously oversold...

6th aug 2011

Telecom sector : next big thing ?

Today's tariff increase by Bharti Airtel could be a turning point for Indian telecom industry.
It shows that excesses in this industry have started to cool off and going further Indian telcos can do well. At least this could be the end of tariff war for now...

 22/7/2011

Nikkei update !

Japanese Nikkei has a great support @ 9500-9000 range which "should" hold in case of a panic selling. 8500 is a strong lifeline support , going below 8500 could be a very very serious problem for nikkei.

update 13.3.2011