Thought for the day
"There are people,
who the more you do for them, the less they will do for themselves."
—Jane Austen
(British, 1775-1817)
(British, 1775-1817)
Word for the day
Jejune (adj)
Without interest or
significance; dull; insipid.
Lacking knowledge or
experience; uninformed
(Source: Dictionary.com)
Malice towards none
Earth quack with epic center in Delhi - first in many
decades. No damage done.
Mother Nature has warned!
Please do not let this warning go unheard!
Nifty: Greed paving way for fear, very slowly
Since the current up move in Indian market started from September
2013, last month for the first time large caps have outperformed the broader
markets. Also for the first time in many months, domestic investors were net
sellers in equity when foreign investors were net buyers.
This combined with the fact that the market has been losing
momentum for many weeks, is sufficient indication that the investor at large
are turning cautious about equities.
I shall be closely watching for a material fall in market breadth,
volatility and fund flows. The first indication of acceleration in all three
together will be the best opportunity to short Indian equities.
The moot point is whether the market could surprise and rise
materially from here.
I feel, the risk reward at this point in 5:2, i.e., 10% downside for every 4% rise in benchmark indices. The ratio is much worst is case of broader market indices.
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