>Nifty analysis

At last a nifty update,Nifty almost did as i thought in wave terms
It went to 4640 then from there went to 5080+ and collapsed.
Read old post nifty counts
As of now its wait and watch we need to see reaction near 4650
levels to ascertain the further course of action,Slowly trading would
become quite tuff save money fellow traders you would get unbelievable
rates to buy at a later stage.



RESEARCH REPORTS

>Indian rupee(INR)analysis

In recent times we saw 2008 financial crisis and the present eurozone credit crisis.
India also saw 2 major financial crises which led to 2 subsequent INR devaluation.

Foreign currency reserves are very critical aspect of any country's ability to engage in commerce
with other countries.
Usually the larger the foreign currency reserves the better the country is placed to fight
any financial crisis.India saw two major financial crises in year 1966 and 1991

1966 DEVALUATION

As a developing economy, it is to be expected that India would import more than it exports. Despite government attempts to obtain a positive trade balance, India has had consistent balance of payment deficits since the 1950s. The 1966 devaluation was the result of the first major financial crisis the government faced.

6 June, 1966: Rupee is devalued, Rs 4.76 = $1, after devaluation, Rs 7.50 = $1 (57.5%)

1991 DEVALUATION

In 1991, India still had a fixed exchange rate system, where the rupee was pegged to the value of a basket of currencies of major trading partners. At the end of 1990, the Government of India found itself in serious economic trouble. The government was close to default and its foreign exchange reserves had dried up to the point that India could barely finance three weeks’ worth of imports. In July of 1991 the Indian government devalued the rupee by between 18 and 19 percent.

March 1993: Unified exchange rate: $1 = Rs 31.37

We recently saw a all time low of$1= Rs 52.73 nov(22) 2011


USDINR monthly chart suggests their could be some consolidation between 54 to 48 levels
before going towards 58-60 .How its gonna effect economy need to be seen.

In 2008 nifty had fallen 51.8% (6136-2959)closing basis USDINR had rocketed to 52.50 by march 2009.

In 2011 we have fallen 17.9% (6177-5039) closing basis USDINR already touched a all time
high of 52.73
Testing time for economy ahead .

RESEARCH REPORTS

>Mahindra & mahindra analysis

In my last post mahindra & mahindra analysis we had seen how
a violent 3rd wave eroded price valuenow since the sharp down channel
has been broken and still the rise i count looks corrective to me so a 4th
wave is on this should hit new low in some time below 680 at leastonce 5 down finishes can expected relief in the stock .
RESEARCH REPORTS

>Nifty analysis update

Nifty continues to fall, with small sideways uppish blips in between.Relentless selling
Anyone who tried catching this falling knife,Would surely have got burnt badly.
The chart shows a sleep parallel channel and we are yet to break that channel.
The fall has even breached the double bottom support 4700.
The parallel channel fall suggests we are still in 3rd wave fall ,I would give some more
time to nifty before deciding on targets again so till then take it easy.
MONEY SAVED IS MONEY MADE!!!!!!
RESEARCH REPORTS