Nifty bounced back from the neckline....

Hi all,

As per my post couple of days back, Nifty exactly took support near 8270 and gave a mild bounce back. The bounce should continue hereafter and go markets should go further up above 8330-8370 levels t call it a as a meaningful bottom....

Cheers

Power to PTC!!!!

Hi all,

Just a rare stock observation.....

PTC... CMP 67.30

The stock is creating an Inverted HNS pattern on hourly charts.... One can enter long above 67.6 with SL below 64.5... Targets 70.2-73

Cheers

Hrishi

What to expext in one year from Govt.

Came across A good piece from wsj article today (A forwarded msg)

"Neelkanth Mishra, a Credit Suisse strategist, said his client presentations now include a map of India with each state labeled with the name of the country whose population is most similar. Maharashtra state’s population of 110 million makes it the size of Mexico. Uttar Pradesh, with 200 million people, is like Brazil.

“For one person sitting in Delhi to change Brazil, Mexico, Japan, Germany, France, Turkey and Canada in six months or one year is, I think, a completely irrational expectation,” Mr. Mishra said."

Cheers

Market update - Nifty touching the neckline....

Hi all,

as per my earlier updates Nifty had created an inverted  HNS pattern (http://hrishikeshprabhavalkar.blogspot.in/2015/05/inverted-hns-beakout-bulls-are-back.html) on daily charts, which is a bullish sign. As mentioned in that markets have now corrected a bit and are trading near the neckline of the pattern near 8270-8250...

This offers a nice buying opportunity with very small risk....

The short term bias will continue to remain positive till the time markets are above 8080-8100 levels, for midterm bias 8000-7950 are crucial levels to watch out for

Please find below the chart for the event...

Regards

Hrishi

My dear fellow citizens.....PM's letter to citizens on completion of 1 year of Govt

My dear fellow citizens!

Service, in our Indian ethos is the ultimate duty – Seva Parmo Dharma. One year ago, you had entrusted me with the responsibility and honour of serving you as your . I have devoted every moment of every day, and every element of my body and spirit, in fulfilling the same with fullest sincerity and honesty.

We assumed office at a time when confidence in the India story was waning. Un-abated corruption and indecisiveness had paralyzed the government. People had been left helpless against ever climbing inflation and economic insecurity. Urgent and decisive action was needed.

We systematically went about addressing these challenges. Runaway prices were immediately brought under control. The languishing economy was rejuvenated, building on stable, policy-driven proactive governance. Discretionary allotment of our precious natural resources to a chosen few was replaced with transparent auctions. Firm steps were taken against Black Money, from setting up a SIT and passing a stringent black money law, to generating international consensus against the same. Uncompromising adherence to the principle of purity, in action as well as intent, ensured a corruption-free government. Significant changes have been brought about in work culture, nurturing a combination of empathy as well as professionalism, systems as well breaking of silos. State governments have been made equal partners in the quest for national development, building the spirit of Team India. Most importantly, we have been able to restore Trust in the government.

Guided by the principle of Antyodaya, our Government is dedicated to the poor, marginalized and those left behind. We are working towards empowering them to become our soldiers in the war against poverty. Numerous measures and schemes have been initiated – from making school toilets to setting up IITs, IIMs and AIIMS; from providing a vaccination cover to our children to initiating a people-driven Swachh Bharat mission; from ensuring a minimum pension to our labourers to providing social security to the common man; from enhancing support to our farmers hit by natural calamities to defending their interests at WTO; from empowering one and all with self attestation to delivering subsidies directly to people’s banks; from universalizing the banking system to funding the unfunded small businesses; from irrigating fields to rejuvenating Ma Ganga; from moving towards 24x7 power to connecting the nation through road and rail; from building homes for the homeless to setting up smart cities, and from connecting the North-East to prioritizing development of Eastern India.

Friends, this is just the beginning. Our objective is to transform quality of life, infrastructure and services. Together we shall build the India of your dreams and that of our freedom fighters. In this, I seek your blessings and continued support.

Always in your Service,
Jai Hind!

Read & Listen to PM's message to the nation in the language of your choice

Home Loan your biggest worry? Then Do this.....

Hi,

Got a nice forward on Home Loan Vs SIP.....

Really looks good..... Advisable, even at a market CAGR of anything more than 15-16% will be a profitable affair...

Regards....

Indian funds have beaten Warren Buffett in returns...

Hi All,

Came across a nice article on Indian MF industry, it's an interview of Mr. Nilesh Shah , MD Kotak Mahindra AMC by Economic times...

Indian investors are still in reverse track, Nilesh Shah tells ET Wealth. The good news is a more mature set of investors has entered the market in recent years.

A recent report says most actively managed mutual funds underperformed their benchmarks in the past five years. What are your observations?

Nilesh Shah: There's a saying that if you torture data enough, it will confess to everything. The SPIVA report is nothing but torturin .. 

Read more at:
http://economictimes.indiatimes.com/articleshow/47395888.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

#NaMo Innovative way of preparing your own Report Card....!!!

Hi All,

Came across a link about the One Year Progress by NaMo Govt. worth going through...

http://www.narendramodi.in/oneyear

Regards