sreebhashyam

sreebhashyam

World Economic Forum 2024 begins today, and the message is "Rebuilding Trust". In a world of conflict be it territory or the resources or the immigration, trust is the catch word. Banking symbolises trust and thus the rebuilding of trust. From Technical perspective, the price action is one of rebuilding the recent gains from 44500 to 48500 in the form of...

sreebhashyam

Bulls gets their wings, broke the flag, push fast forward. One-way street lead by the IT heavy weight, as if there is no tomorrow. The door is shut for the bears. Investors are in blind pilot mode, 2 X in two weeks not 20% IRR in 20 Years is the expectation. Jan fear's recede, FOMO succeeds. FAA recognises, and soon you will have blind pilots manning the...

sreebhashyam

Recall frenzy of last quarter in the rate cut expectations, we are hardly two weeks into it, there are cuts in chorus about possible Central Bank actions. The march to March meeting is still a door open and shut. Some banks already voice, it is overdone. Swaps indicate steeper curve. Internals of inflation report suggest services strong. Energy creeping up....

sreebhashyam

Recall frenzy of last quarter in the rate cut expectations, we are hardly two weeks into it, there are cuts in chorus about possible Central Bank actions. The march to March meeting is still a door open and shut. Some banks already voice, it is overdone. Swaps indicate steeper curve. Internals of inflation report suggest services strong. Energy creeping up....

sreebhashyam

There is a SEC then there is SEBI. Compromise of X in Crypto ETF, then a U turn to allow, all over the space, up down and flat. If you are worried about equity volatility you have no idea what volatility is in the first place. Blackrock stops redemptions (various reasons sighted), while Vanguard refuses to take any buy orders. One space, two stalwarts, tiny...

sreebhashyam

Mandir, Modi, Maldives, Mumkin, New Moon, then comes the Friday the 13th. What is important is glean is the Money Supply M3 which stood at 10.9% relatively lower than previous but near 1 per centage points. It is projected to grow towards 250000 from 240000 in 2025. Easy financial conditions across the globe despite the series of rate cut continue to worry the...

sreebhashyam

Bears dominate, dominate as they should. Vibrant Gujarat brings rally in the two richest Indian companies both vying for the honours. Bears could not hold the grip, Reliance meets the Lakshmana Rekha and pulls many along with it. Optically bearish, optimistically bullish remains one word to describe. Nikki punches further up, Dow closes teasingly higher,...

sreebhashyam

The news of Oil discovery is Godavari basin in 26 wells goes the headlines. For sure they are not discovered overnight. The work is long when search for the wells, more so oil wells. That augurs well in the long run though. Warnings on Bank Profitability, impending inflation data. Stale longs, broader market corrective bias, draining of liquidity (bonds to...

sreebhashyam

It is all about Ram, islands on fire, Hanuman on Release and Ram reverts back on every one's prayer. The Maryadha Rama, the one and only Idol the whole life systems to surrender! Cosmic. While we talk about these events, brings the role of Line and the line of Lakshmana Rekha. That line is centered around recent low 21480 if it goes then we sure going towards...

sreebhashyam

It was an disappointment to see this Index falling through the support and closing at the low, minor wick at the support line drawn from the previous lows. The markets look green, the question one has to ask is the damage already dun, if yes then the failure around the dotted line assume significance on any rise. This circules around the 47800-900 clearly the...

sreebhashyam

The lines sum like this from one of the popular movie teaser that released yesterday #Devara "You never touch the sea, You never play with me" "I will never show you mercy, I will never let you be" ............... Socio economics is such a powerful contemporary insight that throws interesting inputs. The tale is about the controversy surrounding the sea,...

sreebhashyam

For nature lovers' sea is an inspiration for generation. Close to the nature, shores, waves and then the bank! It is water that surrounds the land, it is the waves that surrounds the thoughts. Ther is no preference to the Word M or the World L. The waves count in the end. Don't read too much more than this! For the bulls, Article 370 was a game changer and thus...

sreebhashyam

Wishing all my followers and readers, happy new year, that should dawn more wisdom, more persistence on Risk Management, willing to adopt (greater than willingness to learn), in the end a blissful life. It was not a great start for equity markets for 2024, we were the lone one's that kept the market open on 1st January 2024. For the bears smaller bodies,...

sreebhashyam

White house announces China influencing the Dollar fall. Yellen said, sanctioned can influence, shift in preference to Dollar. Crypto emerges is the proof of both in a world of higher rates. Higher rates were one of the reasons for Crypto fall and that looks no longer the Case. China on its part, declaring that they would influence less on Yuan, but the facts are...

sreebhashyam

Should have been a boring day or a range day after the huge yoyo moves. Not to be as the marked opened with dither either way moves. Comes a flash Govt considering increasing to tax the rich to bridge the rich poor gap. It is assumed that this news and this news alone reason to bring the moves below 17600 briefly and recovered as the denial's surfaced. Rich poor...

sreebhashyam

Apple opens its first store, the new mumbite to the Financial Capital. Else where Apple starts giving savings rate of 4 plus, and has become a meme as the new bank in town. Celebration time to see how Apple will localise its tactics, to make its fame and dime intact. Country that loves Dosa in any form like, Schezwan Dosa. It is new bite for this Apple and will...

sreebhashyam

The stage was set, market open huge gap down. Infy the one I, hits the bear's eye tanks more than 10% brings down at one point of time more than 6% IT Index down. Index hits near the 200 DMA 17570 as if that is the gravitational pull, another I from the index rises, this time ITC. Tale of Two I's crossing the T's in the end. Might of IT keeps the tone to the RED....

sreebhashyam

The twin's power continues, the magic 20% growth continues, will market focus on the QnQ performance or the YoY numbers. Niftybank has broken the supply line and above the VWAP line thus the market would look to buy the dips. Many PSU counters and some sectors based on certain kind of news are finding space for buyers (for example AU Small Finance). While this...