Tag Archives: Emerging Markets

National Industries, Kuwait

Posted on December 1, 2008 by Ramki

On 14th October, I had warned that National Industries (a leading Kuwaiti stock) would come off by more than 30% from its current level. It was trading at 0.850. The reason for that call was the stock had finished an extended fifth wave, (an Elliott wave setup that has been extensively discussed in this blog recently). Continue reading →

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Indian Rupee Revisited

Posted on November 19, 2008 by Ramki

On October 21, soon after we saw calls for the Indian Rupee at 57 to a dollar, I suggested we could be heading the opposite direction, towards 45.25. The idea was based on the Elliot wave view that after a 5th wave extends, we should get a sharp reversal down to the 2nd wave of the 5th Continue reading →

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Saudi Index leaves Investors Shell Shocked

Posted on November 13, 2008 by Ramki

The Saudi markets have lost more than half its value since the beginning of the year. How much more pain can they bear? Looks like there is scope to fall by at least another 12% Continue reading →

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Should we buy Reliance Industries now?

Posted on November 3, 2008 by Ramki

The Indian Central Bank has cut rates, and Reliance looks well bid. Should we buy Reliance here? My response is No. We will see another dip in this stock and let us look at it again at that time. If you have purchased this stock when it was around 1000, then you should look to get out on this rally Continue reading →

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Will INR go to 57 per USD?

Posted on October 21, 2008 by Ramki

I have great respect for people who put in a lot of thought and come up with fundamental reasons why a certain move should take place. Thus, when I read a report from a leading (investment) bank that the Indian Rupee could reach 57 to the Dollar, I took the time to read it carefully. Continue reading →

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Bloodbath on Indian Bourses

Posted on October 12, 2008 by Ramki

Can India be immune to what is happening elsewhere in the world? The answer is a resounding no. Last week the benchmark index or the “Sensitive Index of the Bombay Stock Exchange” crashed to 10,239. This level is about 2,000 points below my target for the index (I had written that we will see 12,200 when the index was above 21,000 earlier this year) Continue reading →

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Kuwait Stock Index KWSE

Posted on October 6, 2008 by Ramki

Back on 21st September it looked highly improbable that we will get down to 11950. But we have just reached that level. So naturally we wish to know whether the market will turn around here and head back to 14,200. … Continue reading →

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