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 […]
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 […]
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 […]
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% […]
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. […]