November 2020

COMING WEEK IS MOST CRUCIAL FOR ALL ASSET CLASSES – ALL OVER THE GLOBE . . .

Trading  levels  2^nd / 6^th November    2020

About 50 % of NIFTY FIFTY companies have declared second quarter results.  Leaving out IT companies, most of them have hardly managed to give on par or in fact  lower than last  year first half performance -  BUT ARE BEING CHEERED BY BROKERS / ANALYST COMMUNITY AS IF THERE IS A VERY BIG BEAT ON YOY PERFORMANCE.

EVEN THE BIG BOY RELIANCE FALLS IN THE SAME CATEGORY. Compared to 31^st October 2019 …. The stock price is up 35 % but the half yrly performance  for FY 21 is much lower than FY 20 ( INSPITE OF NEAR 4000 CRORE CREDIT OF ONE TIME GAIN CLAIMED IN FIRST QTR ).    IT IS SO MUCH LOWER THAT THERE IS REALLY NO CHANCE THAT IT WL BE MADE UP EVEN IN FULL FY21.

 By Wednesday 4^th Nov morning, we should know who will be the next USA president. I expect a minimum 5 % swing depending on the outcome. The individual stocks will move 10/12 % easily.

SO PUNTERS HOLDING LEVERAGED POSITIONS SHUD  HAVE GOOD HEDGES BUILT  TO AVOID CATASTROPHY.

GOLD AND SILVER AS WELL AS CURRENCIES CAN HAVE VIOLENT FLUCTUATIONS.

I am seeing big divergences on daily and weekly NIFTY charts and I only hope the history does not repeat by giving a very vicious correction which looks apparent.

MORE AND MORE INDIANS ARE NOW LOOKING TO DIVERSIFY BY INVESTING OUTSIDE INDIA AND ALSO IN PHYSICAL ASSETS LIKE GOLD AND SILVER. KEEPING THAT IN MIND, I HV STARTED FROM TODAY GIVING WEEKLY LEVELS FOR US INDICES / GOLD AND SILVER. I HOE THESE WILL BE USEFULL.