28 August, 2009

the expected

Off late BSE been tracing globals. dow rises BSE rises.China falls BSE falls.
for a change let`s write BSE first. @ 15922 .........watch for 17724
on a technical inverse Head n shoulder pattern (with gap yet unfilled)

dow @ 9544 .with breach of 9656 and support of 9014 watch for 10800
(hope it does not a boomerang to 8k !!)

INR :- importers to get some respite. - only "some" respite.

What`s the scene on ground: -We regularly talk to people , no one seems to agree that their exports to europe or US have picked up . Domestically famine has taken a firmer grip. Thanks to India, Global sugar producers are riding on 28 -1/2 year sugar high. Even the tur dal chaps are happy. The statisticians are happy with -ve WPI, the goldsmiths would be happy at just below 15k / gram , gold miners are happy at 950 $/oz. , The arabs are happy above $70 / bl ,
-- The remaining may get a chance to get happy looking at sensex.

It remains to be seen who get`s unhappier first-- If you don`t want to be the first one, use the forex moves over next few days to freeze your margins in business -- so that you can stay happy for a prolonged period !!
Posted by Fuzzy Logix at 11:56 PM

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Disclaimer

Any opinions, news, research, analyses, prices or other information contained on this blog, by Fuzzy Logix, its partners or contributors, is provided as general market commentary and does not constitute investment advice. Fuzzy Logix will not accept liability for any loss or damage, including without limitation to, any profit or loss, which may arise directly or indirectly from use of or reliance on such information.

Fuzzy Logix is not accountable for external links and the information, services or facilities contained in them. The creation of any liability or obligation in connection with the access to or use of the sites or the services offered therein is at the user's own risk.