Saturday 29 March 2014

Last Week of Year 13-14

Hello Folks.

Sorry couldn't find anything interesting to write for the markets in the last week. I have been following the Indian Capital markets for a while now, but every time I think, I have started to relate to the previous theories, I fall straight. 

I think this would be with all the people who understand, what I mean.  For the previous 2 weeks, with a strong market breadth, a favorable currency movement and a healthy trend, the Nifty entered the uncharted territory of 6700 to end the last trading week of FY'14 on a strong note, what a remarkable level!!

Unfortunately the Rupee is no longer a senior citizen (a shade lower),  won’t reap the benefits, jokes apart, but seriously people around who are reading this blog, who are we & what are we as a market?? If I see from the investor’s perspective we have crossed by leaps and bound before the elections. 

Let’s get real now, apart from the A-list scripts, which form the Index, many other stocks are still below the 2008 level, what APATHY. NO real fundamental, political or macro reasoning to keep being long other than the fact that it's a profitable trade. One more expiry before the election results should give some time for the compulsive trader to speculate.  To be greedier about commissions, loads of people around the street would provide you fantasy ride about the stability of the markets and all other crap. My sincere advice to the ones who are riding this, wear seat belts tightly.

Somewhere here I would think the stance should swing back to selling every rally, With that in mind, last few days in the year (march ending) and if domestic institutional investors were to hold off their selling! even if it's just to window dress their NAV's (Net asset value of the funds), there is a good possibility of adding to this tally. But then that's another HOPE TRADE. As far as the rest of 2014 is concerned, the falling US 10 year yields and the return to normal monetary policy in the US would have to be contended with. 

The next government will have its tail by fire almost as soon as it takes office, that's a given.  

See you Next Year. 

Enjoy the weekend!!


Regards
Ira Creations 

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