Sunday, March 24, 2013

Indian Markets The Week Ahead;24/3/2013

1.Copper price is coming down.Negative for Economy.
2.BDI above 200 DMA but still low.
3.Brent Crude price above the Fair value of $98,as demand is low.Manipulation.
4.Gold rises on US Federal Reserve's announcement of "aggressive QE".
5.Even the MM Singh-led Coalition could not manipulate the Indices during SAIL Divestment,despite rate cut by the RBI. Speaks volumes about the weakness of the Indian Stock Markets.
    Political uncertainty.But TMC wants to join the UPA,as per reports!
6.RBI,at first, vehemently denied any money-laundering by the Indian private banks,HDFC,Axis and ICICI.But the employees have admitted to the crime and have mentioned that they had laundered huge sums [more than Rs 7 Crores,the AMOUNT the under-cover reported mentioned he wanted to launder on behalf of his fictitious,politician friend],,as per Cobrapost's sting operation.
    After media and Bloggers pointed out RBi's 'support" to the Banks and thus being irresponsible and unreliable,Subba Rao softened the attitude.
    RBI's Gold Bank and Cashless Society initiates make this body's Integrity suspect.
7.Indian Fiscal position is DELIBERATELY kept weak by M M Singh and his masters IMF and the World Ban k with wrong and anti-India policies misusing Crisis Capitalism to usher in anti-India and pro-MNC policies.
     For example,Crude oil import is NEVER REDUCED,though it is NECESSARY now.More so,as the OMCs wrongly claim HUGE Losses.
8.Actual Inflation is HIGH and will reach HYPER levels due to Inflationary polices of the UPA
9.Cyprus problem.
     Conclusions:-
                           i)No triggers,as of now.
                           ii) Chidambaram has promised the FIIs some 'reforms'[read anti-India and pro-MNC polices on the diktat of the IMF and the World Bank]
                           iii) QE in the USA may bring in,more FII money.
THE STOCKS WILL BE VOLATILE. 
                           

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