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Showing posts from April 4, 2010

You could call this an intelligent guess.

I don't have much knowledge of the markets but from what I have been reading about in the past couple of months and as the way the markets were behaving it was just too obvious that the next breakout would have started in April. See to begin with let's first look at the charts last year and the year before. Statistically the two major indices in this country have grown post 1st quarter results. Hence one thing was that pretty clear to me was that the markets would follow a similar pattern like the previous years. Moreover, the rally that the Indian Markets had seen throughout the year had somewhat stalled in the 1st quarter of 2010. It was evident that the markets were oversold but it was still maintaining this range-bound cautious approach. A Bull market had suddenly turned into a bears paradise. My friend an colleague Soumya Bhattacharya who is also a guest blogger here was apprehensive on the market in mid Jan and early Feb. Being a bear his fear was that Union Government w…