Tuesday, March 8, 2016

Nifty: All star aligned for an up move

Thought for the day
"There is a specter haunting Europe, the specter of Communism."
—Karl Marx (German, 1818-1883)
Word for the day
Factotum (n)
Any employee or official  having many different responsibilities.
Malice towards none
Brent Crude is up staggering 41% since the low recorded on 20th January this year.
The domestic petrol prices are down by over Rs3 during this period.
First random thought this morning
In a series of media interviews post his release from jail, a soft spoken Kanhaiya Kumar (KK) evoked emotions by playing a perfect victim; with a conspicuous glee on his face already declaring a victory.
I find him "not honest to himself", "no icon", a sequel to Arvind Kejriwal (AK) may be, but "no JP or Lohia".

Nifty: All star aligned for an up move

After almost six months, daily, weekly and monthly charts are aligned for a move of the similar magnitude in the same direction. Nifty faces a credible resistance in 7600-7610 range. A sustained cross over may see Nifty crossing 7900 in next following 7weeks.
 
 

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