While the bullish rally of Nifty hitting lifetime high 6700 is welcome, and it has given good profits on long-positions on beaten down stocks like SBI, DLF, etc, the concern is that Nifty is now rising while momentum is falling, and the momentum of the current rally is still lower than the momentum of Nifty rally in Sep 2013. Life time high with lower-grade momentum is not a good sign. Conclusion: unless momentum picks up in April, Nifty may come down to 6300 in April.
The Alpha Investment Newsletter sees 13% downside in the S&P 500 Index in the near term, which is 230 points downside from current 1800 level to 1570 level. This note is to help investors preserve their profits if they act in time.
New York, Dec 03, 2013 — Note to Investors: The S&P 500 Index has been around the critical level of 1800 for last two weeks, and based on the index price movement and volume behavior, the rally seems to be stalling and with high probability of reversal and profit-booking wave in the near term.
The Alpha Investment Newsletter sees 13% downside correction in the S&P 500 Index in the near term, which is 230 points downside from current 1800 level to 1570 level. The downside could extend further to 1480 if news flow gets particularly bad. This correction may unfold in Q1 2014 during Jan-Feb period, triggered by fresh political deadlocks in the USA, and unwinding of overleveraged positions, which are at all time high currently. There is a chance that this correction may even start within December 2013 anticipating such problems in Jan-Feb 2014. Continue reading Alpha Investment Newsletter sees 13% downside in the S&P 500 Index in the Near Term
The year 2012-13 may perhaps be the year in which the downturn in the
Indian economy was arrested and a semblance of resurgence brought back.
Considerable credit goes to the Finance Minister for saving the nation
from a possible downgrade by the global rating agencies, which had
become a real threat by middle of the previous year.
The improved sentiment and confidence translated to substantial fund
flows being diverted to the Indian equity markets in the second half of
2012. FII flows to the Indian market aggregated a staggering US$ 30.8
billion for the full financial year ended March, 2013. The Sensex and
the BSE 200 index recorded an appreciation of 8.2 percent and 6 percent
respectively for the fiscal year. This compares better to the trend in
the previous year with the Sensex recording a negative return of 10.5
percent. Continue reading Indian Economy Review -May 2013