Evening Analysis / AbendAnalyse / Analyse du Soir / Analisis por la TardesBombay stocks
November turned the trend sideways for three indices, downwards for the techs, after a steep rise in the second half of 2007. But late strong weekly candles give stabilisation and even a light strong feeling. So there is hope, that the techs will turn to strength again from a strong bottom pattern, and the corrections sideways for the three other indices gives rise to strong bottom patterns as well. But this needs strength in the first week of December. For all four indices the longterm uptrends are intact, although being a little decelerated for the techs.Bombay yields
are rising since early 2004, with a correction in spring 2007. Since the summer the trend is upwards again, long maturities lagging behind, slowly building up dangerous bottom patterns. So indian bonds continue to be bad investments, threatening more losses. In the long run we even see the possibility that all gains of the years after 2000 are erased.
Parallelics
sees an intact uptrend of Rup/$, but bonds and stocks struggling somewhere in between a perfect up- and a perfect downtrend.Click to India for fundamental, quantitative and technical ratings of 80 indian large cap stocks:
