Pullback???

As expected a short term bounce but overall market is bearish....

Stocks to watch
Tata Power
Paradyne Infotech
Borax Morarji
RayBan Sun Optics
Chambal Fertilizers
Infosys
Satyam Technologies
Wipro
Dr Reddy's lab

Market update

Market seems to have nose dived. What a chnage in confidence a Rs5 hike in petrol can do. Govt of India have increased the Petrol, Diesel and LPG prices. But people in India fail to understand that is global phenomenon but they are taking it personal against the govt. The price hike has given rise to the speculation that the other parties may withdraw support and we may have early electons. Market usually over reacts to polictical uncertainty but I think long term investors should stay in the market. There are some good bargains available. Look at companies with high yield. Investing regularly in these companies at regular intervals will pay off in long term.

I am in long term here....

When it rains...

...it pours in India. This is what it sums up the action on the stock exchange today. Fear of the government collapse lead the panic selling. The ratios have been slowly turing slow towarrds red but today action was a major blow. There might be small bounce in short term but long term the market monitor is turing bearish.

Stocks to look for

BSE
================
Bihar Tubes


LSE
=============
EMG - Profits up 60%

BSE Market Update

Ratio's in market are slowing turning towards red side. Loads of factors: negative sentiments, profit booking, high inflation, rising oil prices; all are having effects on the share prices.

However few sectors are emerging as winners in this. First because of weak rupee, IT sector is doing good. The other is Pharma which is usually a safe bet in uncertain times.

Sleeping Giant

After underperforming for a long term, Japan might be waking up. Nikkie has rallied 15% in last 2 months. More fund managers are now putting money in Japanese stock market. Could this be the next destination for investors after BRIC???

Bear or Bull?

Worries about about high inflation is taking its toll on the market. Last few weeks inflation has been on the rise. Also the goverment is proposing to hike petrol prices by Rs 10 which is almost 20% hike. Now this will push up prices of almost everything in India as road transport is one of the most widely used mode of transport. This will squeeze the spending power of the consumers.
Looking at last few weeks data, market has a support at around 16500 and resistance at 17100 to 17300. As it is hitting the support level, there are high chances that market will rally a bit start of next week. Swing traders can make a killing here.