Bulls & Bear Hfund of India

Today, I'm posting my EW view on few stocks. Axis Bank A clear 5 wave in Wave 1/A seems over. As long as it holds 950 pullback in wave 2/B towards 1160 or 1250 on cards. HDFC Bank Corrective decline seems over.  As long as it holds 560  a pullback towards 640 seems to be on cards.. HDFC LTD Corrective decline seems over. As long as it holds 700 a pullback towards 800 seems to be on cards. ICICI Bank A clear 5 wave in Wave 1/A seems over. As long as it holds 790 pullback in wave 2/B towards 915 or 960 on cards. IDFC As long as it holds the channel support of 95 a pullback towards 115 or 120 seems to be on cards. LIC Housing Finance As long as it holds 150 a pullback towards 185 or 195 seems to be on cards. ITC The stock is consistently in uptrend. Correction in IVth wave seems over and as long as it holds 305 it might head up to 370-380 in Final Vth wave. Infosys Time to move out of I.T. stocks. Infosys still might have upsid

It is fair to view the recent fall in the  rupee  as retribution for our macroeconomic "mismanagement". We certainly have the fiscal overstretch of the post financial crisis years and the current account deficit ( CAD ) that has risen on its back to blame. However, it might be remiss on our part to forget the fact that there has been a significant "global" element to this fall. As fears of the withdrawal of the US quantitative easing ( QE ) programme grew from the second quarter of this year, all emerging market (EM) currencies came under pressure. Of them, emerging market currencies with CADs have come in for the most severe beating in this period. At HDFC Bank, we track a basket of four major EM currencies that have large CADs (Brazil, South Africa, Turkey and Indonesia) and that has depreciated by 9.6 per cent since May. The rupee has depreciated by 13 per cent in that period. Thus, there seems to have been a fairly pronounced "bandwagon" effect that h

Rupee at all Time Low Market Down 150 points and 500 plus points on the Sensex Inflation at all time High .......... Petrol price Rise pending ................ Taxes on Gold / Silver Increase to the maximum 10 % Taxes on everything ........................ U need to provide a stable environment and incentives for FDI and Export ............... " Thanks Congress Govt I hope u enjoyed Your Tenure because it shall be a While u get ur Chance again " BJP get up and Smell the Coffeee get your act right and make a stable Government at the Centre Regards Concerned Citizen

Bank Nifty is trading at a 12 month low ...... ON the way down it has broken all the supports Technical charts have been completely decimated and all the relief rallies are sold into ................. Only Good news for the Bank Nifty Bulls is that Bank Nifty is maintaing the lower end of the range and there are possibilities of Sharp pull Back or relief rally On a Fibonci Levels the Bank Nifty has retraced 61.8 % Some relief rally is expected from these levels otherwise be ready to see another 1000 points fall in bank nifty ...........

Gold futures traded higher in the early part of Tuesday’s Asian session as traders boosted bullion amid weakness in the U.S. dollar.  On the Comex division of the New York Mercantile Exchange, gold futures for December delivery rose 0.23% to USD1,305.35 per troy ounce in Asian trading Tuesday. The December contract settled lower by 0.78% at USD1,300.25 per ounce during Monday’s U.S. trade.  Gold futures were likely to find support at USD1,282.65 a troy ounce, Friday's low, and resistance at USD1,339.15, Wednesday's high.  Another strong U.S. economic data point out Monday had investors moving out of gold, though it was a slack day for equities as well.  In U.S. economic news out Monday, the Institute for Supply Management said its services index climbed to 56 in July from 52.2 in June. Economists expected a July reading of 53. The new orders index rose to 57.7 from 50.8, but the employment index fell to 53.2 from 54.7. Readings above 50 indicate expansion.  The ISM report rene