Weekly Market Strategy

No positive triggers, No great news, but just Mr. Warren Buffet declared Indian Markets as a great opportunity and the bulls made hay based on that one statement.

Weekly Market Strategy 21-03-2011 TO 25-03-2011

Currently the Nifty is trading between two Trendlines. One is providing support (5232) and other resistance (5524). Both Trendlines are part of a Symmetrical triangle set-up. Market is waiting for the Nifty to provide the required breakout. A Symmetrical triangle is a Continuation pattern and hence the natural tendency, in this case, will be to give a Bearish downside breakout. But we will wait for the actual breakout to occur and take it from there.

Weekly Market Strategy

Tsunami Hits the World Markets!!!

A massive earthquake of the magnitude of 8.9 on the Richter scale, hit Japan. This was followed by tsunami on the coastal region of Japan. This was the biggest quake in the last century inJapan and possibly the fifth biggest in history. As a result ports, airports and rail networks were shut down. Besides tremendous loss to human life, there was reportedly some damage to the nuclear facility and a major oil refinery caught fire. As a result, oil fell for the first time in last ten days as it went just below $100 per barrel. The resultant impact was seen on our market as it dropped down by over a percent. But the market will give a more measured response on Monday after digesting the bad news.

Weekly Market Strategy