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 14th - 20th June 2010 0 comments
    Jun 12, 2010 11:42 PM | about stocks: EEM, IFN, CRB

    The Indian markets were up 0.3, the US markets moved up 2.8 %, the markets started with a big fall but recouped most of the losses towards the end of the week despite fears looming in the western world on debt & the slow growth. Markets always have the ability to go against the popular mood, there was too much negative sentiments, so a technical pull back happened. This may continue till the results season starts in July. The Indian economy grew at a 17.6 % pace in April 2010, is one of the best performance month in spite of a good March. Is the Indian market over heating with the overhang of all stimulus and excess liquidity? I think it is! Very soon we will have the RBI reigning in with increase in interest rates and will use the CRR to suck excess liquidity. In the short term this will affect the markets but is good in the long term for the economy. So watch out for interest rate sensitive sectors like Real estate, autos etc for a much needed correction.

    This week the Indian markets will look at the advance tax nos. starting 15th June, is expected to be in line with market expectations. With economy in a tear, the performance of most companies will be good. The markets will start discounting this heading to the results season in July. There is a sense of – Ve sentiments in the markets, so a technical pull back is possible in the markets and the recent lows around the 4950 seem to be the bottom for the short term.

    The derivatives position for the week stands at Rs 136291 Crs in OI; the PCR is at 1.4 the option IVs for Calls at 23 % & Puts at 27 %. We must see volatile movements, would recommend avoid trading.

    Nifty on 11th June: 5119

    For the week: Will trade in a range of 4980 - 5140, any break will set the trend in the direction. Have a +Ve bias

    Stock trading Ideas: Buy Bajaj Hindustan @ Rs 109 for a target of Rs 122. SL @ Rs 105


    Happy Trading!

    Stocks: EEM, IFN, CRB
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


  • 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 will have all short covering done n out..Now what ? correction 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

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.