Should you invest in Sovereign Gold bonds?
Should you invest in Sovereign Gold bonds scheme by Government of India. We compare them with Gold ETFs, physical gold and bank fixed deposit below. Any investment decision a trade-off in terms of returns, taxes, holding periods. Consider these options for investment in gold: Gold bonds: You get 2.75% (which will […]
Polaris Consulting Target Rs.183
Polaris Consulting has rallied to 204+ levels, we wish to bring to your notice that it faces resistance from a long term trendline so far it has not managed to break the trend line. In absence of crossing the trend line prices won’t be able to touch the return line […]
NIFTY Gaps down: Should you buy?
Bihar Poll results help beat down already weak NIFTY. NIFTY has opened gap down. There is a common myth in Technical Analysis which goes “All gaps should be closed before sustainable trend”, which is a myth because it is not necessarily true, which means if it may or may not […]
Are you a Warren Buffett fan?: Food for thought
Are you a Warren Buffett fan? Do you follow his investor philosophy and what he preaches via his letters to investor. We came across a very interesting article by James Altucher (an american hedge fund manager , entrepreneur , and also author of the book Trade like Warren Buffett). He makes […]
Is Nifty headed for retest of Modi Era Support Range?
Twice before stochastic divergence coincided with NIFTY halting its decline. The chart below shows how close is stochastic currently to those levels. NIFTY is also presenting a brief divergence as while 2nd Nov. lows on NIFTY have been broken and NIFTY has made a substantial new low today, stochastic have […]
NIFTY Support Zone Update
NIFTY cracks from our resistance zone mentioned in the last update on NIFTY. It now hovers above the crucial support zone between 8055-8088, with stochastic pointing towards further weakness, at the same time the momentum oscillator has ‘flattened’ instead of making new lows, while NIFTY today made a new low. We […]
NIFTY faces tough resistance around 8320. It is a crucial resistance for NIFTY to overcome. Stochastic & momentum oscillators point to some sort of correction in the short term. One would be well advised to refrain from building long positions until a break of this resistance level.
We were recently asked about EPS, P/E ratio for Indigo IPO on Quora as these weren’t readily apparent from the red-herring prospectus. Below is our reply(with some edits) for the benefit of our regular readers. We aren’t covering the IPO, but here are the details as per prospectus: Total Shares […]
Edelweiss : Vagaries of the market
Edelweiss Financial Services listed on the stock markets at around Rs. 1400 in 2007, which was at 75% premium to its offer price of Rs. 825. It subsequently made a high of Rs. 1608 on NSE. The chart below presents a snapshot of price performance and important fundamental parameters […]