IIP data and Market (2011 January)

IIP data and Market (2011 January)

Industrial output in November grew at its slowest in a year and a half. The 2.7% rise was way below the 11.3% annual growth in the previous month and under the median forecast of 6.6% in a Reuters poll. Disappointing industrial output data  was expected to drag market down. However market jumped back to 5860 level  with very strong  global clues  and  short covering.  NSE […]

Read Me

A short only gold strategy: Breaking the Momentum

Gold has been used throughout history as money and has been a relative standard for currency equivalents specific to economic regions or countries.  It is the most popular hedging instrument againts economy.  When bad news starts coming to market, gold price starts increasing. Here is a chart og gold price from Jan 2000 to  August 2010. Trend is definitely upword and few investors might dare […]

Read Me

Simple Strategy for Indian Market : 1

Simple Strategy  for Indian Market : 1

Long time back, I was through an interview process. The interviewer gave me a pair of equities to formulate a trading strategy. I worked on it  for a week and got a very simple strategy which should work on real market. However, by that time I had completely made my mind to stick to my organization. Yesterday, I made my mind to do further analysis […]

Read Me

Banks are gold mines only in Q3

The title may surprise you, but you can’t ignore the statistics. Every sector shows its strength depending on  the economy, government policies and supply/demand. Here is my observation on Banking sector: From 2003 to 2010, Banking sector  has been doing well in Q3 except 2002. Using 2003-2010  NSE-Bankex data Average return in Q3: 21% Minimum return in Q3: 9.4% (2004) Maximum return in Q3: 43%  […]

Read Me

IIP data and January month

IIP(index of industrial production) data certainly have some influence on market. I am trying to compile previous 4-5 years data to take position with caution. Around 2nd week of January,  Industrial Production  data from April to November in previous  are released. I assume better IIP data will push market upwards. My analysis only involves IIP data and  performance of Market on the month of January. […]

Read Me