Category Archives: Equities

Nifty: Elliott Wave Analysis of India’s Stock Index

In a recent update, I had pointed out that traders should wait for the imminent recovery to run its course, and join in the selling when we eventually get an overlap of the 6069 level on the way down. At … Continue reading

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Posted in India | Tagged , , | 32 Comments

Outlook for Credit Suisse ADR CS.N

The outlook for banking giant Credit Suisse ( CS.N) is not as straight forward as that for Citigroup. However, there are plenty of interesting things you can see in the attached chart of Credit Suisse ADR. Clearly, when you get … Continue reading

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Posted in US Stocks outlook | Tagged , | 1 Comment

Outlook for India Stock Index Nifty

Many readers are asking for the outlook for NIFTY, India’s most watched Stock index. When a huge move in one direction ends, the topping out takes a bit of time. The spotting of the end of the final fifth is … Continue reading

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Posted in India | Tagged , , | 20 Comments

Outlook for Citigroup : 14 Dec 2010

Citigroup stock has been consolidating for over a year, and we have finally got the break to the upside. The outlook for Citi remains positive over the next several months, and I see it eventually reaching $6.38 from the current … Continue reading

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Has India’s NIFTY topped out?

How conveniently the 2-G scam has boiled over just when the NIFTY index has come within a handshake of the 2008 highs! But if you go back in time and look at all major events, you will find that technicals … Continue reading

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Posted in India | 17 Comments

Elliott Wave update on India’s Sensex

Some readers have been asking about outlook on Sensex. I had done this a few days back but forgot to post it. As usual, the main comments appear on the chart itself.

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Posted in India | 1 Comment

Elliott Wave Analysis of India’s Sensex

Sometimes a wave count will remain valid for a long time. This is the case with India’s Sensex. I had posted my wave count back on 4th January 2010. At that time, I suggested that we will see the development … Continue reading

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Posted in India | Tagged | 4 Comments

Elliott Wave Analysis of BP (Energy Giant)

Just over 3 weeks back  the Wall Street Journal reported in its Market Watch that analysts were saying BP’s tumble on oil spill was overdone. It quoted analysts’ target of 730 pence for the share from its current level of … Continue reading

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Posted in UK Stocks | Tagged | 1 Comment