Wednesday, May 15, 2013

MSCI Story


MSCI Story
 Dear Friends
MSCI(Morgan Stanley Composite Index )is about to be redefined.
Korea and Taiwan are going to re titled form EM To DM.
EM(emerging Markets) to DM(Developed Markets).
India’s weight age is expected to increase in EM basket. Which in turn shall  increase allocation to India in Em funds.
We at wiTdom expect fresh ETF(Exchange traded fund) money buying into Indian equities.
Gush of liquidity is favoring bulls right now. We expects 400 Billion Dollars of fresh fund to be moving around the world chasing various asset classes .So its cheap money which is creating fresh up move within Indian markets.
New bull case scenario for the bulls is that if Nifty crosses 6138 then it’s expected to cross 6300 in near term.

Thanking you
Atul Sikrai
Vice President
wiTdom investment advisory

Monday, May 13, 2013

Tactically Cautious


Tactically Cautious

Dear follower
As per our positive outlook for the Indian markets as mentioned in last blog Nifty has substantially bounced back. Our bullish call made Nifty jump from 5477 to 6100.
Stock specific returns had been more than 100%.We urge our readers to book this tremendous gains. We are tactically cautious on the market hence forth we close all our long trades.
Reasons for our being now bearish on markets are so forth.
1) Dollar Index seems to break out above 83 levels and is expected to move up towards 90.
2) Rupee seems to be weak and is expected to move to 60 against Dollar.
3) Geopolitical situation in Syria is going to create uncertainty in coming days.
4) Portugal seems to be in trouble and we expect lots of bad news from Europe.
5) Yen carry seems to be overdone.
6) Fed may unwind QE slowly going forward.
7) Political stalemate will hang on Indian markets.
8) We at wiTdom expect early elections in October 2013.
9) Reforms and growth concerns are going to arise because of instability.
10) Corruption eruption issue is going to lead huge resignations in coming days.

We urge all our reader to be cautious on equity and exit market .Sell in May and go away and come back after elections.

Thanking you
Atul Sikrai
Vice President
wiTdom investment advisory

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