Thought for the day
"Wealth is the ability to fully
experience life."
—Henry David Thoreau (American, 1817-1862)
Word for the day
Insouciant (Adj)
Free from concern,
worry, or anxiety; carefree; nonchalant.
(Source: Dictionary.com)
Malice towards none
Do you think, like jewellers, the cigarette manufacturers
are also fighting a lost battle?
First random thought this morning
The first sub Rs5 bidding for solar power bidding in India by
American SunEdison was celebrated by the government a few month ago. Later, the
company sought an exit from the project it had bid for. The same SunEdison has
now filed for bankruptcy.
One Enron had materially damaged Indian banking industry in 1990s.
Do we another one?
Nifty:
Near term hurdle at 8K, midterm path clear
Supported by huge FPI buying, Nifty ended the month of March
materially above its earlier resistance of 7610 on monthly charts. This
confirms the market trend reversal on midterm basis.
Nifty faces a strong resistance in 7925-7960 range in the near
term. A monthly close above this range will set Nifty on course for new highs.
A sustained monthly close above 7960 shall see Nifty testing its
new cyclical peak of 13200 in the next following 39 months.
From midterm perspective a very strong bottom is in place in 7215-7550
range. Any intermediate fall to this range may provide an opportunity to create
large leveraged long positions.
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