- Wealth PMS (50L+)
MarketVision’s April 16 Chronicle is on Insurance Liars, Nifty Charts and Downside Triggers.
Submitted by Deepak Shenoy on 17 April 2011 – 12:07am
(You need to register – Free)
I got a call from Reliance Life Insurance (or an agent ) today. They told me about a “Money Multiplier plan” in which
I am a cynical guy, but you never know. So I went and looked at the real product on their website and did a calculation for my age (36).
It was a treacherous fractured week in the markets. With Tuesday and Thursday as holidays, markets were looking to have extremely low volume, but it seems that the exact opposite has happened.
Let’s take a look at the Nifty this week, with the volume and Open Interest (near and mid month futures) changes:
Nifty fell overall, around a half percent, but volumes on the 15th, when it dropped nearly one and a half percent, were very high at 9,200 crores. The futures Open Interest, though, fell in the same time.
It looks like a number of people went long on Wednesday, assuming this move would break through an established downtrend line, but it didn’t. The technical signals on the Nifty are confusing:
A number of negative events are on the radar nowadays.
Energy: Crude prices have shot up tremendously to $120+ on Brent, even after crude prices fell. Coal prices have gone up about 30% in the year as well. The price of coal and crude is extremely important for us – most of our power generation is impacted, much of our transportation, plastics, air travel and other related costs are dependant.
Debt holders of Greece and Portugal continue to throw in the towel on the belief of getting fully repaid as 5 yr CDS in both hit record levels and yields spike
The National Bureau of Statistics is bringing China’s gross domestic product data closer to international standards, but will likely ignite some controversy along the way.
Prices drop 26% in a month! Purchases fell 50%.
Lee Bradley Brown, 39, was on holiday at a £1,000-a-night hotel in the Arab state when he was thrown into a filthy cell at the notoriously brutal Bur Dubai police station.
Three New Videos This Week!
A reader asked how he should decide between buying a Liquid fund or an Ultra Short Term fund. Deepak takes you through the differences, in a continuation from the Lesson on Liquid and Ultra Short Term Funds.
See also: An article by Deepak on our blog on why the NAV change was made.
What are Liquid and Ultra Short Term Mutual Funds in India, and why would you consider them versus a Fixed Deposit?
Deepak Shenoy takes you through:
* The concept of liquid funds
* Where do they invest?
* Dividend and Capital Gains taxes involved
* Interest Rates
* Comparison with Fixed Deposits
Past Short Takes: