Saturday, April 13, 2013

Indian Stocks The week Ahead,13/4/2013

1.MCX Gold just below Rs 28000[27938 at 1442 Hrs] Manipulation
2.MCX Silver Rs 48873 at 1442Hrs. Manipulation.
3.Brent Crude $ 102.80/bbl, at 1442 Hrs.Low Demand to continue for the next 6 months.
   Petrol price in india may be reduced by Rs 5 per litre.
4.BDI $875 ,above 200DMA $ 861.But still low.
5.Copper price low.
6.India Inc face CDR and FCCB.
7.Infosys result has adversely,affected the Indices heavily.
8.Cyprus denies rumours of 10MT Gold sale
9.Nippon Bonds volatility HIGH due to massive QE. Commodities adversely affected due to flow into Equities here and the USA.
10.The Rupee continues to be weak against the US Dollar.
Conclusions:-
                       The stock markets may be flat with a negative bias.

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