SumanSpeaks: The Information Super Highway

Tit -  bits Photo : Angel Broking   How are you all? Hope you are doing fine. The Covid - 19 catastrophe has brought wanton sufferings to the people world wide and it will take some time for the things to be back to normal once again. Remain safe and healthy. Anyway, when I'm writing this report, the Asian bourses were trading mixed, while SGX Nifty was seen at 9,060.50, up marginally by 25 points. Since some time the Nifty has been trading in 8800/9300 ranges,  which somewhat gives us the  support and resistance of the trading pattern of the  Indices. The trends of the  for the short, medium and long term remain bearish. Only a close above 9590 can take Nifty near the intermittent high of 9889, however there is more tendency to break 9000 and test 8800/8700/8420 ranges. Havijg said that I have taken a bullish view on Commodoties and the price action in 2008 and 2020 has lot of similarities.  Stimulus package,  unleashed worldwide ...

Tit - bits The Indian bourses witnesses mild bouts of volatility due to weekly F&O expiry, yesterday. The Sensex closed the day 114 points, or 0.37%, up at 30,932.90 while the Nifty finished with a gain of 40 points, or 0.44%, at 9,106.25. The markets have risen only due to the announcements of relief packages, world wide. However, the real situation is very bad,  with the construction works virually coming to a standstill and retail outlets remaining closed.  There are no expert orders, while the railways and government employees are draining out public funds by sitting at home and drawing up salaries. All these happened due to sudden implementation of Lockdown, by NaMo government -- another Tughlaq - ian move after Demonetisation. Never in  the last 70 years, did India fare so badly, in most of the economic indicators.  Today, I  saw media headlines that Nepal has started to talk tough with India....😂😂 After Pakistan and ...

Tit - bits Photo : Motley Fool After a long hiatus I have decided to upload the blog again. In view of too much uncertainty regarding Covid - 19 epidemic and my preoccupation with other facters of life took me away from blogging. Anyway,  the Indian bourses last week fell over 1%, primarily due to the resurgence of trade war between the US and China -- the latter vowing to retaliate the US actions and rising number of COVID-19 cases coupled by a hotch potch Rs.020 lakh crore stimulus package, which failed to cheer up the bulls.  There is an old proverb: "Sell in May, and Go away". According to my analysis and understanding, the Indian markets are likely to witness intense selling pressure in the coming days due to a jump on Covid - 19 cases during the last few days.  The Nifty will most likely break the supports at 9000/8700/8420. Since,  the short, medium and long term indicators are showing more inclined towards the bears, the trader...

The Tale of a Democracy Headed by a wondering PM Even though Indian government has balkanized the country into colored zones, the dense fog of Mumbai's Lockdown - solitude lay bare in every chink and keyhole of the metropolis, beguiling the effect of an ongoing catastrophe and rallying around the argument that viruses are bereft of any nationality. The streets are blanketed by a smoke of calmness  Photo : The Indian Express  and defeaning silence; except, when they get punctuated by folks who had either dropped down from apartments or from nearby slums, and sallied out to buy essentials or when a separate peal of wheezing sound emanating from a  speeding automobile, tears that tranquil canopy and reverberates against the closed shutters of shops. It seems the ghost of weather has sat in a mournful meditation on the threshold of life and death.  Meanwhile, USA's economic and military prowess are proving inadequate to stave off the ruinous threa...