Asian Markets bounced back from Lows for the past 2 days ( Friday and Today) and there are signs of a uptrend due to some Policy moves from RBI in Indian Markets.
The momentum which is the FRONT LINE STOCKS should reciprocate to all the MID CAPS and sectoral stocks.
Markets have not yet found a bottom and there might be chances of slip back to RED as the FIIs have not started the GAMES in BSE,NSE. Once the Games Start, Its going to be fireworks but may be a range bound UPMOVE and DOWNTREND. Sustainence is the key word for the MARKETS all over the World as we are still in the brim of US Markets Recession.
US is getting a daily shot of boost via FED as a doctor gives PENICILLIN SHOTS to a patient and it needs a PERMANENT CURE and not anticipatory or preemptive moves. RBI needs to get into tightening lending norms to BANKS without proper credentials and sufficient CRR and adequate liquidity for banks to lend at a reasonable interest rates is key to increase Investor confidence and keeping INFLATION in control by fiscal measures.
Events to Watch :
US Markets Post Election Results and Cheer for Obama or McCain and its key for OBAMA to sustain the Bailout momentum which Bush used wisely to pullback US Markets and to recharge Banks and financial institutions.
RBI reduction of SLR,CRR rates is not enough as the Banks need to trim the Interest
rates which are at all time high and provide relief to Home loan borrowers. Petrol price also needs to be slashed as the CRUDE is on downtrend.
The momentum which is the FRONT LINE STOCKS should reciprocate to all the MID CAPS and sectoral stocks.
Markets have not yet found a bottom and there might be chances of slip back to RED as the FIIs have not started the GAMES in BSE,NSE. Once the Games Start, Its going to be fireworks but may be a range bound UPMOVE and DOWNTREND. Sustainence is the key word for the MARKETS all over the World as we are still in the brim of US Markets Recession.
US is getting a daily shot of boost via FED as a doctor gives PENICILLIN SHOTS to a patient and it needs a PERMANENT CURE and not anticipatory or preemptive moves. RBI needs to get into tightening lending norms to BANKS without proper credentials and sufficient CRR and adequate liquidity for banks to lend at a reasonable interest rates is key to increase Investor confidence and keeping INFLATION in control by fiscal measures.
Events to Watch :
US Markets Post Election Results and Cheer for Obama or McCain and its key for OBAMA to sustain the Bailout momentum which Bush used wisely to pullback US Markets and to recharge Banks and financial institutions.
RBI reduction of SLR,CRR rates is not enough as the Banks need to trim the Interest
rates which are at all time high and provide relief to Home loan borrowers. Petrol price also needs to be slashed as the CRUDE is on downtrend.
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