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    Daily Report: April 15 2011

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    Abhishek Prashant Pandey
    The daily report from April 15, 2011 discusses the state of the Indian market and provides advice. It notes that the blue line on a graph remains intact despite a single-day up move defying technicals. Events to watch include credit downgrades in Europe and disappointing quarterly results from Infosys. The author advises against taking long positions in the market and recommends going short on the Nifty at reasonable highs, expecting the market to settle lower at around 5300 levels due to current economic conditions and volatility during the earnings season.

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    Daily Report: April 15 2011

    Uploaded by

    Abhishek Prashant Pandey
    22 views2 pages
    The daily report from April 15, 2011 discusses the state of the Indian market and provides advice. It notes that the blue line on a graph remains intact despite a single-day up move defying technicals. Events to watch include credit downgrades in Europe and disappointing quarterly results from Infosys. The author advises against taking long positions in the market and recommends going short on the Nifty at reasonable highs, expecting the market to settle lower at around 5300 levels due to current economic conditions and volatility during the earnings season.

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    Y Bhardwaj, Nifty, Analysis,

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    The daily report from April 15, 2011 discusses the state of the Indian market and provides advice. It notes that the blue line on a graph remains intact despite a single-day up move defying technicals. Events to watch include credit downgrades in Europe and disappointing quarterly results from Infosys. The author advises against taking long positions in the market and recommends going short on the Nifty at reasonable highs, expecting the market to settle lower at around 5300 levels due to current economic conditions and volatility during the earnings season.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    22 views2 pages

    Daily Report: April 15 2011

    Uploaded by

    Abhishek Prashant Pandey
    The daily report from April 15, 2011 discusses the state of the Indian market and provides advice. It notes that the blue line on a graph remains intact despite a single-day up move defying technicals. Events to watch include credit downgrades in Europe and disappointing quarterly results from Infosys. The author advises against taking long positions in the market and recommends going short on the Nifty at reasonable highs, expecting the market to settle lower at around 5300 levels due to current economic conditions and volatility during the earnings season.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 2

    Author: Y.

    Bhardwaj

    Date: April 15, 2011

    Daily Report: April 15 2011

    Explanation as per graph The upper blue line is still intact. Single day up move defying all technical!! Things/Events to watch Picture of Europe is still in a bad shape with ratings cut and Austerity measures (Moodys Cuts Ireland Rating Two Levels). Crude price. Infy disappoints the market with its Q4 numbers. Mar Inflation raised 8.98 v/s 8.31 in Feb. Keep in mind the global cues especially the European markets and our countrys economic data ,IIP nos and inflation

    Gen Market description Right now money from ETfs and FIIs in driving the market.

    Note: The above analysis is basically done for NIFTY traders.


    Page 1

    Author: Y. Bhardwaj My Opinion /Advice

    Date: April 15, 2011

    I feel it is not a right time to build long positions in the market (talking about Nifty F&Os). Go short on Nifty at reasonable highs. People with open shorts should hold the positions. Q4 earning season will be quite volatile but with present economic conditions market will settle lower around 5300 levels.

    Note: The above analysis is basically done for NIFTY traders.


    Page 2

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