Archive for April 2011

BEST BUYING LEVELS

I think Nifty will be in the range 5670-5900 for the coming weeks. Immediate support for Nifty is 5940 and 5970. If Nifty breaks that support, the next level will be 6030 and 6080. But it is possible only by the consistent buying of FIIs. The following

POSITIVE GLOBAL TRENDS AND SHORT COVERING HELPED THE MARKET.

Indian equity benchmarks showed remarkable performance on Wednesday, with the Sensex adding 349 points supported majorly by strong global cues, tracking strong quarterly numbers from technology companies. Short covering was another reason that led the

FINANCIAL INSTRUMENTS CONTD.....

Value-weighted Indexes: Unlike in a price weighted index, in a value weighted index, the weights are based on the market cap of the stocks.  Both Sensex and Nifty are value-weighted indexes. While estimating Sensex, BSE also takes into

FINANCIAL INSTRUMENTS

Financial markets are traditionally classified into Money markets and Capital markets.  Money market instruments include short-term, marketable, liquid, low-risk debt securities. Capital markets, in contrast, include longer term and riskier

SENSEX SLIDES 310 POINTS......

Today I realize the power of Infosys in Indian economy. Sensex slides 310 points on weak Infy notes. Inflation figures also affected market in the negative way. Infosys closed Rs.316 in red.  Since Infosys is the giant in the IT field, long term

MUTHOOT FINANCE IPO

Gold financing company Muthoot Finance is set to tap the capital market with a public issue of 51.5 lakh equity shares of face value Rs 10 each on April 18.  The issue will constitute 13.85% of the fully diluted post issue paid-up equity share

BOOK PROFITS.......

I don't know what is happening in the market for the past 2 weeks. A terrific come back from 17000 levels to 19000 levels. I think it is the right time for booking profits. Ever since Nifty futures started trading, ten consecutive higher closes have