Thought for the day
"Government is an evil; it is only the thoughtlessness
and vices of men that make it a necessary evil. When all men are good and wise,
government will of itself decay."
- Percy Bysshe Shelley (English, 1792-1822)
Word for the day
Contradistinction(n)
Distinction by opposition or contrast.
(Source: Dictionary.com)
Malice
towards none
Why
Togadia, Owaisi, et. al. are important to Indian society and media?
Greed still dominates the sentiment
YTD Sensex has underperformed midcap and small cap indices. IN
particular midcaps have smartly outperformed the benchmark in past couple of
months.
In past couple of weeks the market momentum has remained low with
both volumes and volatility staying below averages. Despite this the midcap
outperformance clearly signals the strong investor interest in the market.
Therefore, despite political developments (or lack of that) and
numerous policy flip flops by the government, markets are not likely to fall
materially from current levels in the near term.
In strict technical sense, 8470 on Nifty remains a key level to
watch. A close below this could take Nifty to 8342 levels. The volumes and
volatility date suggests that this F&O expiry may be a clam event.
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