Seeking Alpha

Jose Koshy's  Instablog

Jose Koshy
Send Message
Have been trading n investing in the Indian stock market for 20+ years, has been my hobby to track markets and predict based on fundamental and technical models.
  • India week ahead - 5th - 11th Dec 2011 0 comments
    Dec 4, 2011 12:40 AM | about stocks: IFN, EEM, EPI
    Last week the Indian markets moved up by 7 %, as expected, the oversold conditions fueled by the 6 central; bankers coming in to provide adequate liquidity and the expectations of a EU debt management solution during the meeting the coming week has added to the global up move. In India the food inflation came in better at 8 % and the GDP number at 6.9 % came in better than expected. The FDI impasse continued with opposition disrupting parliament for 9 days, it is unfortunate that an agrarian economy like India not going in for FDI in retail. The consumers will be the biggest beneficiary and will help the inflation come down drastically due to competitive pricing and technology around storing & delivery which can help farmers realize better prices and avoid wastage. The political parties are playing to the traders vote bank and are taking the country to the dark ages. The Indian democracy needs to mature and cut across party lines for good policies. These moves have affected decision making & governance. Such moves will push back India as an investment destination.
    This week the Indian markets may take a breather and offer a correction to the sharp up move noticed last week. The EU leaders meeting on 8th Dec will be eyed for global cues. The Debt auction in the EU countries will be watched for direction of liquidity. The FDI in retail will take center stage back again, with Mamta holding on to her stand opposing the move, there may be a temporary stop to driving this hard by the government.
    The derivatives position for the week stands at Rs 107684 Crs in OI; the PCR is at 1.31 the option IVs for Calls at 21 % & Puts at 24 %. The Nifty Future is trading at a 30 point Premium to spot.
    Nifty on 2nd Dec 2011: 5063
    Nifty trading ideas for the week: Sell around 5060: Target: 4950 Stop Loss: 5080
    Stock ideas for the Week: Sell Sterlite around Rs 110 for a Target of Rs 100 SL: 112
    Themes: India Stocks: IFN, EEM, EPI
Back To Jose Koshy's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • CIT filing Bankrupcy amid wild speculations, will be good for stocks as it opens. the suspense is done.
    Nov 2, 2009
  • Is an Expiry of Options day too..so will have all short covering done n out..Now what ? correction looming..watch out
    Jul 17, 2009
  • An interesting day with Goog, GE, IBM, Citi announcing results to a mixed bag. Technically Markets are staring @ S&P 500 of 945 resistance.
    Jul 17, 2009
More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.