Skip to main content

S&P/ASX 200 forecast for coming week ended 17th August, 2012.

S&P/ASX 200 maintained moves above 4200 and as I was expecting it gives flat movements around 4300 level. Right now it is maintaining 4270 support level and there is a chance that it may drop from this level, in that case 4200 may be the good support level. If S&P/ASX does not turn around from that level and if it drops more then as I said in last week 4150 (or near about 4120-4130) will be its next support levels. Here I must say that I will be worried about the downside or any bearish pattern when it breaks 4050 level.

Last two days were not good, in spite of that if S&P/ASX maintained around 4270 level in early days then it will try to test 4350 level but that may not easy. On the other hand if it rebounds from 4200 level then it will again try to test 4300 level in later days.

NOTEPlease see the disclaimer of this blog.


Popular posts from this blog

DAX forecast for coming week ended 15th March, 2013.

This week was very good for Dax, though it is getting resistance at 8100 range. Now it has a chance to test downside again. I think even if Dax tests lower levels, it has more chance to bounce back from around 7800 range and therefore it will again test upside.

On the other hand if it shows flat movements around 8000 range in initial days of the coming week then there is a chance that it may take a decisive call in later days. Considering the recent trends it has the chance to test higher levels may be around 8200 but that will be a very aggressive call after taking in to account the movement from last December. I will worry about the downside when Dax will be testing levels below 7600 ranges.
NOTE: Please see the disclaimer of this blog.

Fed’s rate hike Vs Sovereign rating up gradation

Financial market is very much worried about the rate hike in US, probably this is going to come in coming December. But I think that is not going to change much of the things. Even Fed hikes rate in December it will be not so much, because we are forgetting one thing that interest rate in US is around zero so even they hike rate by 0.25-50% basis points (at most) in this year that will not be enough cause for Dollars to change their locations around the world especially markets have already discounted this coming rate hike in US.

A new disaster is coming in EU banking sector, whom to blame, big Audit firms!

First I was thinking what should be the title of this posting? Will it be good if I write that big audit firms set the time for EU bank collapse! If someone is thinking that financial crisis is over then think twice because the coming EU banking crisis is no way less than 2008 financial crisis. The time bomb will explode at some point of time in future, the time has not yet set for it. In that tsunami, forget about the smaller if any major banks collapse then I will not be surprise.