iCharts Discussions

[durgapurholdings]

THE SOUTHWARD JOURNY OF INDIAN INDEXES AFTER POST-BUDGET WAS WELL ESTABLISHED IN CHARTS.BSE-NSE IS BELOW 150 SMA IN CHARTS.RSI 14/5 .%K %D GIVES DOWNWARD SIGNAL ETC.
NOW SOME FUNDAMENTAL,BEING A BANKER WITH A PSB,I PERSONALLY FEEL THAT THE INDIAN ECONONY HAS A ROUGH WAY TO GO THROUGH IN COMING YEARS.THE FAST-READY-BABY-FOOD PROVIDED BY DIFFERENT STATE GOVERNMENTS WILL BEAR NO FRUIT.IT WILL EITHER WAY INREASE THE GDP DEFICIT.LOW INTEREST RATE REGIEM WILL BE OVER IN COMING 1-3 MONTHS.SBI CHAIRMAN MR O P BHATT SUPPORTS THAT THE INDIAN INDUSTRY HAS TO BORROW FUND AT HIGHER COST IN NEAR FUTURE.
IT IS BAD FOR INDIAN STOCK MARKET,BECAUSE PUBLIC MONEY WILL BE DEPOSITED WITH BANKS AT HIGHER RATE WITH SAFTY.IT'S A TYPICAL CASE OF BEAR-MARKET.EUQITY MARKET AND INTEREST RATE PLAY ROLE INOPPOSITE DIRETION.
SO MY DEAR FRIENDS LET'S BE HABITUAL TO LIVE IN A BEAR MARKET FOR 2-3 YEARS ENDING BY 2011-12.

[samy7475]

very correctly said it seems the worst in global economy-the currency crisis is yet to come so its safe atleast to have a few of our holdings in gold