Archive March 2009


31/Mar/09

During the Market:
  • 03.45 pm. Nifty closed for the day at 3020, an increment of 42 points. Gainers were SIEMENS, GAIL, TATASTEEL, TATAMOTORS & ABB, while losers for the day were NATIONALUM, HDFC, NTPC, ICICBANK & HINDUNILVR. Advance/Decline ended at 43/7. 
  • 03.27 pm. Profit taking by intraday traders have brought down the Nifty from day's high of 3054.
  • 02.28 pm. Top gainers are TATASTEEL, TATAMOTORS, SIEMENS,  RELCAPITAL & UNITECH, while losers are led by HDFC, ONGC & HINDUNILVR.
  • 02.14 pm. Another breakout from this range bound trading since 12.30 pm. is imminent. It will probably start at 02.30 or 3pm. 
  • 12.46 pm. Nifty has breatout above the morning's high and is trading at 3037.  The Advance/Decline at 46/4 is strongly poised.
  • 11.38 am. Nifty is recovering at 3013. Advance/Decline has also come back to the morning level of 43/7. TATAMOTORS, UNITECH, RPOWER, RCOM & RELINFRA are leading. The losers continue to be Banks led by ICICBANK, HFCBANK, HDFC, AXISBANK & HINDUNILVR.
  • 10.45 am. Nifty has dropped to 2985 Advance/Decline is at 33/17. AMBUJACEM, TCS, TATAMOTORS, UNITECH & BPCL are gainers while losers are ICICBANK, AXISBANK, PNB, HDFCBANK & DLF.
  • 10.27 am. Nifty on opening went up to 3028 and is currently moving at 3012 with Advance/Decline strongly poised at 48/2.
Pre Market Analysis 09.00 am.
  • The Global cues are negative.
  • The news of Chrysler and GM getting Canadian bail out help may bring some relief to the markets.
  • The Nifty does not have any inherent weakness, technically it should move sideways for consolidation, and should not dip below 2910.
  • The range of consolidation expected is 2960-3200.
  • Expected High/Low 3060,3090/2960,2910.
  • Buy for medium to short term around 2910.
30/Mar/09
Post Market Review:

The global cues took their toll, it was a day of continuous but controlled slide for Nifty. The Nifty tumbled by nearly 4.2 % amidst growing scare created by US banks data and failure of its two auto giants General Motors and Chrysler to secure the bailout package and probably in future may become bankrupt.

The growing concern of Japanese automakers added to the Asian slide. Japanese automakers are dependent for spare parts on US automakers.

This is the fourth time since Oct,2008, that Nifty had neared the levels of 3200. Its at this point Nifty faces maximum resistance. If Nifty does not consolidates at 2960-3150 level, for 3-4 sessions, then it may go down once again.


During the Market:
  • 03.45 pm. Nifty went to day's low of 2962 and finally closed at 2978, a drop of 130 points.
  • 03:11 pm. Nifty expected to close around these levels. Advance/Decline is at 3/46 and 1 unchanged.
  • 12.30 pm. Nifty has slid to below 3000 levels, and is expected to continue its slide but very gradually.
  • 10.20 am. Nifty opened weak and went down to 3040 levels and is moving sideways. Advance/Decline is strongly negative at 4/46.
Pre Market Analysis 09.00 am.
  • Global cues are are apprehensive and may consolidate.
  • Crude oil is stabilizing around $52 plus.
  • Nifty's medium term target 3380,3492 before any major correction.
  • Nifty may move sideways but with volatility.
  • Expected High/Low  3160/3060.
  • Sell or book 10% profit on every rise of 150 points, and buy at fall of 150+ points.
  • Always book profit if your investment appreciates 20%+, conversion of paper profit is key to success.
27/Mar/09
During the Market:
  • 03.45 pm. Nifty closed at 3108 but before that it made a high of 3123. Advance/Decline was healthy at 38/10 and 2 unchanged. The gainers were TATASTEEL, RCOM, TATAMOTORS, SAIL and PNB while losers were HFDC, INFOSYSTCH, POWERGRID, UNITECH & RELIANCE.
  • 02.24 pm. Nifty is being led by TATASTEEL, SAIL, HEROHONDA, CIPLA & HINDALCO while major negative contributors are HDFC, IDEA, INFOSYSTCH, POWERGRID & WIPRO. Nifty is trading at 3082 and Advance/Decline is 33/16 and 1 unchanged.
  • 02.10 pm. After touching a high of 3109 Nifty is again back to square one at 3072. Advance/Decline is at 26/24 and steel sector is leading at present.
  • 12.44 am. Nifty trading at 3098 is the positive comeback. The technical study suggest that it may go up to 3140.
  • 11.45 pm. At 3078 Nifty is making effort to stage a comeback and may improve further.
  • 10.55 am. Again the Nifty is down to 3067. Choppiness may be seen all throughout the session.
  • 10.14 am. The opening was weak at 3079 soon the Nifty dived to 3055, but has recovered back into positive. At present it is nearing 3100 mark.
Pre Market Analysis 09.00 am.
  • Global cues are passive.
  • Nifty is upbeat and positively inclined.
  • Volatility may increase.
  • Expected High/Low 3140/3060.
  • Book 10% of profits at levels near 3140.
26/Mar/09

During the Market:
  • 03.28 pm. The Advance/Decline has declined to 40/10 and Nifty is resisted at 3057 levels.
  • 03.15 pm. Nifty touched a high of 3103 to retrace back to 3085 levels.
  • 03.02 pm. Nifty has broken out positively at levels above 3080.
  • 02.48 pm. If at all the bears may strike or profit taking ensues it may be after 3pm.
  • 02.45 pm. Nifty is still gaining strength at levels of 3053 and Advance/Decline is also maintained at 41/9.
  • 01.50 pm. Nifty has touched 3044, Advance/Decline is at 41/9. The positive contributors are TCS, ABB, LT, HINDALCO & BHEL, while negatives are POWERGRID, DLF, RANBAXY, SIEMENS & GAIL.
  • 01.42 pm. Since the opening of the session Nifty is holding on its gain and is moving sideways in a narrow range.
  • 10.43 am. Breakout point is being reached, it is to be seen whether it is positive or negative.
  • 0.15 am. If Nifty crosses 3060 levels it will next higher slab.
  • 10.07 am. Nifty has opened at 2982 and made a high of 2925+, the Advance/Decline is also favorable at 48/2. The real state is again a major draw.
Pre Market Analysis 09.00 am.
  • Global cues are positive.
  • WilliamR, ADX, MACD, Bollinger Bands all are on higher end, denoting some amount of consolidation.
  • The sentiment has turned positive but this is the time when more caution should be exercised.
  • Nifty to remain volatile.
  • Expected High/Low 3040/2960.
  • Book 10% profits above 3040 level.
25/Mar/09
During the Market:
  • 03.45 pm. Nifty finally closed positive at 2984. The days high was 2996 and low of 2923.
  • 03.19 pm. Nifty has climbed back to 2990 levels and is very bullish. Advance/Decline is at 38/12.
  • 03.05 pm. Realty Sector is bouncing back.
  • 02.57 pm. Nifty is hovering around 2970 levels. Advance/Decline at 35/15.
  • 01.29 pm. UNITECH, PNB, ABB, TATAPOWER & CAIRN are helping the Nifty while ONGC, BHARTIARTL, NTPC, AMBUJACEM & TATAMOTORS are contributing negatively.
  • 01.24 pm. Nifty fell from days high to touch the days low at 2926, thereafter it is trading flat. Advance/Decline is also even.
  • 11.57 am. With Advance/Decline at 40/10 and Nifty at 2985 levels is poised to test higher levels of 3010.
  • 11.33 am. Nifty has touched 2966, then after consolidating rose to 2970. The Advance/Decline is at 38/12.
  • 10.05 am. IDEA, ITC, BPCL, TATACOMM and CAIRN are aiding the Nifty while HDFC, HINDALCO, TATAMOTORS, SAIL & NTPC are down.
  • 10.00 am. Nifty opened flat and after touching a low of 2930 went up to 2957. Advance/Decline at 38/11 and 1 unchanged.
Pre Market Analysis 09.00 am.
  • Global cues are mixed.
  • Nifty expected to move sideways and may consolidate.
  • Expected High/Low 2970/2910,2890.
  • Wait and watch advised.
  • Buy at day's low recommended.
24/Mar/09

During the Market:
  • 03.45 pm. Nifty finally settled for a flat close 2938 but not before making a low of 2914.
  • 03.15 pm. Nifty fell to 2942 from where it found support to retrieve back some of the gains.
  • 02.20 pm. Nifty may find a support at 2960 level.
  • 01.42 pm. HDFCBANK, SUZLON, ICICIBANK, SIEMENS & DLF are contributing positively for the Nifty, while RCOM, SUNPHARMA, HINDALCO, SAIL & MARUTI are marginally negative contributors.
  • 01.20 pm. At 2996 Nifty is gaining strength to cross the next barrier of 3920. The Advance/Decline at 43/6 and 1 unchanged  denotes the positive mood of the market. It may be precursor to the next target of 3050.
  • 12.35 pm. Nifty came briefly below 3000 mark at 2994 and then is climbing back.
  • 11.40 am. Nifty has touched a high of 3009.20. This preformance is beyond expectation.
  • 10.20 am. Bank stocks are leading the Nifty with HDFCBANK, SUZLON, ICICBANK, PNB & SBIN. While NTPC, ONGC, ITC, CIPLA & SAIL are marginally down. Advance/Decline is down to 42/7 and 1 unchanged.
  • 10.15 am. Nifty opened at 2923 and went up to 2987. At present it is holding on the gains and is trading near 2971 with Advance/Decline at 41/9.
Pre Market Analysis 09.00 am.
  • The global cues are full of optimism and positive.
  • The crude is also in uptrend.
  • Since Nifty has come in oversold region some stabilization is expected before the next move.
  • Expected High/Low 2970/2870 with brief pause at 2910.
  • Nifty may get high n the beginning of the session then it may show some correction.
  • Investors may book another 20% of profits at levels above 2973-2990.
23/Mar/09
Post Market Review:

The new US Treasury Plan has provided the impetus needed to resurrect the sagging confidence. Buying spree by Funds has further helped to improve the situation.

The Japanese bail-out plan is also being watched with optimism. Crude is also on the recovery track.

Nifty opened at 2807 and then all the way up to 2950 has caught up the sentiment. At this point the markets have broken Bollinger Band and has surged forward to next level. All round optimism was seen throughout the day.

Tomorrow, Nifty may stabilize or move sideways.
During the Market:
  • 03.42 pm. Nifty has optimized its day's gain by closing at 2939. The Advance/Decline also maintained itself at 48/2 throughout the day.
  • 03.16 pm. Nifty has neared to second resistance level of 2960 at 2948.
  • 02.38 pm. At 2921 Nifty is gaining strength and holding it too.
  • 12.37 pm. Nifty has touched 2900 with RANBAXY, IDEA, TATASTEEL, PNB & STER being helpful while DLF alone being non supportive.
  • 12.14 pm. Nifty is trading at 2890+ levels with Advance/Decline firming to 49/1. The Advances are led by RANBAXY, IDEA, GAIL, TATASTEEL & PNB, while the single odd-man down is DLF.
  • 10.52 am STER, IDEA, TATAMOTORS, TATACOMM & SAIL are aiding the Nifty while only DLF and AMBUJACEM are marginally pulling it down.
  • 10.40 am. Nifty is holding on to its early gains and is moving sideways. The Advance/Decline is very strongly poised at 48/2. TATAMOTORS is taking the lead with NANO factor.
  • 10.10 am. Nifty has opened on a positive note and rose to 2865.
Pre Market Analysis 09.00 am.
  • Global cues are positive.
  • Nifty is also in a position to strengthen.
  • Expected High/Lows 2890,2920/2790.
  • If Nifty touches 2910+ investors may book profit to the tune of 40% .
20/Mar/09

During the Market:
  • 03.40 pm. Nifty closed exactly flat at 2807. HINDALCO, ZEEL, ONGC, TATACOMM & SAIL contributed positive while TATAMOTORS, ICICBANK, L&T, SIEMENS & PNB were negative.
  • 03.20 pm. Nifty is heading for a flat close. It has trapped the early shorts.
  • 03.05 pm. Nifty is trading at levels of 2810+ levels, with bulls trying to wrench out the control from bears.
  • 02.22 pm. Nifty has reversed back to 3813 and is at 2810 now. The Advance/Decline has also improved to 26/22 and 2 unchanged.
  • 02.02 pm. By this time Nifty has added 20 points from the low of 2773. Advance/Decline has improved to 22/27 and 1 unchanged.
  • 01.23 pm. Nifty has made a low of 2777 and soon a reversal is expected. The Advance/Decline is at 18/32.
  • 10.34 am. Since Nifty has not made a high early it is expected to touch a high during mid-session or at the end of session. At present Metals are taking the lead.
  • 10.17 am. Nifty has opened weak at 2807 and recovered to 2790 after touching 2786.
Pre Market Analysis 09.00 am.
  • Global cues are mixed.
  • Bollinger Bands and ADX are suggestive of reversal.
  • Nifty expected to touch a high and then close near day's low.
  • Expected High/Lows 2860,2890/2810,2760.
  • Investors advised to wait and watch.
19/Mar/09

During the Market:
  • 03.45 pm. Nifty finally closed at 2807 with Advance/Decline fairly poised at 30/19 and 1 unchanged.
  • 03.02 pm. A high 2822 made confirming the strength and confidence by investors. Now Nifty may close near its high.
  • 01.09 pm. Nifty seems to have touched days low at 2773.
  • 11.15 am. Nifty slumped loosing early gains to 2792 but recovered to be just afloat. Advance/Decline also went down to 28/22.
  • 10.05 am. Nifty has opened with a strength and is currently trading around 2820. Advance/Decline is at 40/10.
Pre Market Analysis 09.00 am.
  • Global cues are positive.
  • Nifty to be volatile.
  • Expected High/Lows 2860,2890/2760,2710.
  • Profit booking can be seen near days high of 2890.
  • Investors are also advised to book 40% profit above 2910.
18/Mar/09

During the Market:
  • 03.46 pm. Nifty closed at 2794. Advance/Decline at 36/14.
  • 03.07 pm. A bout of profit taking is pushing the Nifty down. The Nifty stands fair chance to recover by the end of session.
  • 01.42 pm. Nifty at 2832 is moving from strength to strength. DLF has taken the lead in helping the Nifty.
  • 12.43 pm. Nifty is moving sideways as expected holding on the morning gains.
  • 10.20 am. Nifty is being helped by SUZLON, HCLTECH, STER, ICICBANK & RELCAPITAL, while BPCL, BHARTIARTL and M&M are pulling it down.
  • 10.18 am. Nifty has opened strong and is continuing its up trend. At present it is trading around 2809 with Advance/Decline at 47/3.
Pre Market Analysis 09.00 am.
  • The global cues are mixed, European FTSE, German DAX and Mexican IPC are down while rest of the markets are up.
  • Nifty is strongly poised and an early up move is expected, but with sideways movement dominating the session.
  • Higher closing around days high expected.
  • ADX is strongly poised, where as Bollinger Bands depict over bought status for NIFTY.
  • Expected High/Low 2856/2760
  • Power and Infrastructure remain attractive.
  • Investors can remain invested and wait for 2910+ levels in coming sessions.
17/Mar/09

During the Market:
  • 03.45 pm. On the bout of profit taking Nifty touched a low of 2738 and closed near the lows as expected at 2757.   Advance/Decline lowered to 16/31 and 1 unchanged. Power and Automobile sectors showed modest gains while Real state exhibited some correction as advised in the "Pre Market Analysis 09.00 am."
  • 01.18 pm. Advance/Decline has dropped to 22/28.
  • The Nifty opened passive and dipped to 2760 then climbed to 2805. Thereafter profit booking took place pushing the Nifty to near 2767.
Pre Market Analysis 09.00 am.
  • The global cues are positive.
  • OPEC results are digestable.
  • Nifty may see stabilization.
  • Expected High/Low 2790,2840/2710.
  • Nifty may see early morning gains but may close near day's low.
  • Infrastructure, Power and Automobile sector may see boost and Real state may correct with OIL sector.
16/Mar/09
Post Market Review:

There was a sigh of relief as the OPEC decided not to cut the production of crude, otherwise the inflation figures would have risen considerably. The OPEC instead decided to just enforce the prevalent cuts 100%.This means that if it is successful in implementing it would effect by an additional cut of 20%. No doubt this will strengthen the crude price and will have inflationary effect as well.

The Nifty is poised very positively and now it can be said that the path to 2950 target is clear.

Post election Indian government will have to devise a plan to mop up the increased fiscal deficit, and that can have a negative effect. By and large the situation will ease by the end of II quarter i.e. June'09.

During the Market:
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  • In the post lunch session Nifty made a high of 2781 and finally closed at 2777.
  • 12.41 pm. Nifty at present is helped by M&M, HCLTECL, SBIN, GAIL & RANBAXY while pulled down by RELINFRA, UNITECH, MARUTI, SUNPHARMA & POWERGRID.
  • 12.34 pm. The OPEC countries have decided not to cut the production of crude oil rather enforce previous cuts fully, which at present are implemented only about 80%. In other words it means that 20% oil  production may be hit further.
  • 12.26 pm. The Advance/Decline at 26/24 and Nifty is showing resilience at 2724.
  • Nifty made a high of 2737 but was unable to hold on and slipped to 2701.
Pre Market Analysis 09.00 am.
  • OPEC Meeting indicators would come in by evening, which is the only negative that can hamper sentiment.
  • Nifty may operate mixed, but with positiveness.
  • Nifty may record highs in early part and may see a dip in late session.
  • Expected High/Low 2760/2660.
  • It is advised to see the outcome of OPEC meeting before taking any stand.
15/Mar/09
Post Market Review:

The Nifty is very positively poised and the way to 2950 is made clear. Its a short-term buying time, with a target of 2910-2940. Although in this process, Nifty may have resistance at 2760, 2798, 2840, 2890 and 2940.

For the present markets appear to have bottomed out and with minor corrections it is firmly poised to gain.

The OPEC countries are meeting on 15,March,2009 to review the Oil pricing. It is expected that they will resort to production cut to boost the oil price.
[As earlier mentioned in Post Market Review on 27/Jan/09, "Crude oil which is a major economic indicator has very alarming forecast. With OPEC countries planning of further cutting down the production in the coming 15th. March '09 Meet, to study the declining oil prices. Oil inventories are piling up in US & Europe making retailers jittery. US Oil inventory data due to be released on Wednesday(27/Jan/09), may further punch the market sentiment." ]

The production cut will no doubt help the OPEC, whose requirement is about $70/ barrel to run their economy smoothly, but at the same time it will push up the inflation world wide. This can be very detrimental to the already ailing developed economies.

This event is to be monitored very carefully as it will effect all.
15/Mar/09
Post Market Review:

The Nifty is very positively poised and the way to 2950 is made clear. Its a short-term buying time, with a target of 2910-2940. Although in this process, Nifty may have resistance at 2760, 2798, 2840, 2890 and 2940.

For the present markets appear to have bottomed out and with minor corrections it is firmly poised to gain.

The OPEC countries are meeting on 15,March,2009 to review the Oil pricing. It is expected that they will resort to production cut to boost the oil price.
[As earlier mentioned in Post Market Review on 27/Jan/09, "Crude oil which is a major economic indicator has very alarming forecast. With OPEC countries planning of further cutting down the production in the coming 15th. March '09 Meet, to study the declining oil prices. Oil inventories are piling up in US & Europe making retailers jittery. US Oil inventory data due to be released on Wednesday(27/Jan/09), may further punch the market sentiment." ]

The production cut will no doubt help the OPEC, whose requirement is about $70/ barrel to run their economy smoothly, but at the same time it will push up the inflation world wide. This can be very detrimental to the already ailing developed economies.

This event is to be monitored very carefully as it will effect all.
13/Mar/09
During the Market:
  • 03.45 pm. Nifty closed strong at 2719.
  • 01.30 pm. Nifty is maintaining its gains and is being pulled up by M&M, ICICBANK, DLF, STER & TATAMOTORS, while NTPC, ABB, BPCL, CIPLA & HEROHONDA are pushing Nifty down.
  • 01.22 pm. At 2693 Nifty is exhibiting strength with Advance/Decline climbing to 43/7.
  • 12.05 pm. Nifty is holding on to early morning gains. The Advance/Decline is strong at 35/15.
  • 10.05 am. Nifty opened strong and rose to 2684.

Pre Market Analysis 09.00 am.
  • Global cues are robust and Nifty will kowtow.
  • The trend is about to reverse to positive side.
  • MACD and ADX are indicative of positive up move.
  • Expected High/Low 2690/2610.
  • Short term traders with risk appetite can enter t levels below 2625.
12/Mar/09

During the Market:
  • 03.40 pm. Nifty closed at 2617. Advance/Decline plummeted to 35/15.
  • 03.05 pm. Nifty at 2633 and Advance/Decline at 41/9 is very positive. ICICIBANK, STER, TATAMOTORS, MARUTI & SUNPHARMA are leading while BHARTIARTL,  SUZLON, ZEEL,TATAPOWER and HCLTECH are dragging.
05/Mar/09 onwards

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04/Mar/09

During the Market:
  • 03.45 pm. Nifty resiliently closed at 2645. Its a fence-sitter now.
  • 01.09 pm. Nifty is trading at 2643 and if it closes above 2660 then it will be in safe zone.
  • 12.46 pm. Nifty is moving at the lower end within a range of 20 +/- . The Advance/Decline is healthy at 35/15.
  • 10.10 am. Nifty is showing resilience after a flat opening. The Advance/Decline is 48/2.

Pre Market Analysis 09.00 am.
  • Nifty has gone weak and is sitting on the edge. It can move either way.
  • If Nifty dips below 2610 then 2520 is the next support, and if it moves up 2690/2710 will be the resistance.
  • The global markets are negative.
  • Sentiment of Indian markets is also negative.
  • Nifty may initially show resilience.
  • The best would be to take no positions till things clear.

03/Mar/09
Post Market Review:

The Nifty has become weak and may exhibit further weakness.
The next support levels are way down at 2520. The only hope left is the Nifty is already in oversold zone so some covering can take place for 1-2 days, but there after it will be difficult to sustain.

The Rupee is sliding at an incredible pace, GDP numbers are moonstruck, all around the continent there is atmosphere of instability and terror. All the news coming is negative.

The lack of positive cues can push the Nifty further south. The best strategy when nothing is clear is to wait for the clouds to clear. Leave  the market till the dust settles down.

There may be 1-2 days for which the Nifty may hold up, but the negativity may outweigh.

Tomorrow a slight covering can push the Nifty to close higher.

During the Market:
  • 03.40 pm. Nifty closed at 2622.
  • 03.19 pm. Nifty is appears all set to test 2610 level.
  • 03.12 pm. The Negative breakout has taken place with all round selling pressure. The Advance/Decline slumping to 7/43.
  • 02.21 pm. Nifty at 2674 and Advance/Decline at 29/21, the consolidation process continues.

  • 01.09 am. From the formations the break out from present level will be positive to the tune of 20-30 points approx. i.e. Nifty might touch 2700-2710.

  • 10.52 am. Nifty has recovered from lows and is strengthening with Advance/Decline at 30/19 with 1 unchanged.

  • 10.13 am Since Nifty has breached 2660 yesterday and today it has become weak.

  • 10:00 am. Nifty dived to 2654 then swung to 2679 and again sank to 2664. Advance/Decline at 16/33 with 1 unchanged.

Pre Market Analysis 09.00 am.
  • The world markets are slipping.
  • Crude is finding difficult to hold the current price.
  • Dollar is becoming scarce, imports will be adversely affected.
  • Nifty may not kowtow world markets.
  • Expected High/Low 2749/2646,2610.
  • The chances of resiliency are more.
  • Small investors may remain spectators.

02/Mar/09

During the Market:
  • 03.40 pm. Nifty Finally closed at 2674 but not before breaching 2660.
  • 03.26 pm. Nifty is testing support levels of 2660. Hopefully this level will survive.
  • 03.03 pm. With less than half an hour to close the recovery seems remote.
  • 01.36 pm. Nifty is maintaining its early morning position. Last one hour of the trade may see some effort by Nifty to retrace back.
  • 10.00 am. Nifty has opened with a fall of 86 points and touched 2677, with Advance/Decline at 2/48. Now it may take whole of the day to recover, that's consolidation.

Pre Market Analysis 09.00 am.
  • Global cues are just marginally negative but Indian cues are positive.
  • Not much movement expected till the Nifty break up 2948 or down 2660. If Nifty breaks above 2948 then it may touch 3180, but if it breaks down 2660 then next support levels are 2520.
  • Expected High/Low 2810/2690.
  • Consolidation phase to continue.
01/Mar/09 
Post Market Review:

Since end of December'08 Nifty is in consolidation mode. This phase will continue till there is breakout from a range of 2660-2990.

The Global cues are intrinsically negative, these bail out plans are just like fire-fighting. These bail outs are temporary measures and further they will provide more teeth to inflation.

The US imposing stringent measures of protectionism appear more of voter appeasement than real economic boosters. By doling out bail outs from the tax payers money will effect growth. The more logical cure would have been measures or laws preventing financial institutions and big corporates from fooling the general public and going in for hefty perks for themselves.

The Indian economy in comparison is better placed.

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