Sunday, March 02, 2014

WEEKLY TREND;2/3/2014

1.Indian Stocks may be flat,as :-
i.India's macros are bad.
ii.Banks have huge NPAs,India Inc  huge FCCBs and CDR problems.
iii.Rupee is too weak,adversely affecting the Nation,her people and the economy.
iv.Yellen has confirmed that taper [of QE] will continue.
   Specific stocks like J P Power,which has been bought by a Foreign Consortium,has been rising of late with huge volumes.
2.Gold,Silver prices are being suppressed by the vested interests,while that of Crude is kept higher.
3.Ukraine default possible.Gold seen as safe haven.
4.Baltic Dry Index below 200 DMA.It is unable to cross the previous top.
Will be updated..........

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