- "Didn't they tell you? We will never have interest rates ever again." - @prchovanec.
- The more things change, the more they stay the same. US Fed after lots of hype and hoopla did nothing. Somebody tweeted: Unchanged is the new QE4.
- Stock market reaction was not pretty. Lots of up and down move post Fed announcement. Market is confused
- This is how market closed. S&P500 reaction to Fed status quo
- Dollar index felt the pain of no rate hike. There was sharp sell off there.
- Is there real slowdown in world trade? Here's the fact: In the first six months of the year global merchandise trade shrank by more than 13% year on year. But the question: How much of this fall has to do with change in prices? (Sell off in commodity prices and strength in dollar). In volume terms, trade is still growing—by 1.7% year-on-year in the first half of 2015
- If you think you have seen the end of this hype: Here's what outlook is - Majority of FOMC see rate hike by year end. ~ Janet Yellen
- What will RBI do next? RBI is scheduled to announce bimonthly monetary policy review on September 29
- Is 100 week moving average now the durable bottom on Nifty?
- Will FIIs start buying Indian stocks again? In September so far - they have been net sellers.
- Foreign Brokerages continue to be Bullish on India. This is what CLSA has to say: The long-term story for Indian equities remains intact, notwithstanding nearterm earnings disappointments. Structural positives of lower inflation, demographics-driven developmental politics and rising domestic equity inflows suggest a bright outlook over the longer term
- Investors in Indian market patiently waiting for pick up in Investment cycle because that will drive GDP, and jobs. It's important to track stocks like L&T, Siemens, Elecon and Voltas
- ICICI Bank broke out above 247 in May 2014. The stock in current wave of correction has bounced right at 247 making it a solid support line
- Turnarounds are always vulnerable to sharp market swings. Reliance turnaround succumbed to market correction
- One sector that has faced market correction with lots of strength: Pharma.
- 1 USD = 66.2. In short term, dollar might weaken but considering what's happening in China - INR set to depreciate more
- There has been considerable decline in trading interest in frontline IT stocks be it Infosys, TCS or Wipro. It's showing up on the charts
- Infosys has become a results day stock. It moves on results day and then does nothing for next 3 months
- TCS is locked in a range between 2350 and 2800. Traders don't even discuss these IT stocks anymore
- In eyes of market: HCL Tech has a leadership status. The stock has done very well over last few yrs. Right now, there seems to be confusion on where is the support: At 200 dma or Horizontal support line at 830?
- Govt continues to say the right things: In order to promote ease of doing business, the government is working on areas like bankruptcy code, disputes resolution in major contracts, expeditious arbitration proceedings and a public procurement law ~ Arun Jaitley
- A fish swims in water, it doesn’t know it’s water. It’s not that politicians are bad people, it’s that they’ve been in that system forever ~ Carly Fiorina.
- Most of the Trading is Living the moment. For majority of traders - what matters: NOW
- The Power of Now - Yesterday is history, tomorrow is a mystery, but today is a gift. That is why it is called the present.
- The present has not been pleasant for Long only portfolio investors. Will this change?
ChartSource: Chartalert.com [Indian Stocks]
Please share your comments on what you think of market observations, market and trading in general
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers