Sunday, August 23, 2009


Last week's trading at the BSE Sensex (India) would surely test the nerves of expert traders. Take a closer look at the chart below.

The Chinese stock markets and the Indian Monsoons continue to dictate market direction in the near term.

According to the MET Dept, the monsoons are staging a late comback. Given how wrong these guys have been so far, I'm still waiting for more clarity on their call for a 'late monsoon revival'.

As for the Chinese Markets; every time liquidity concerns arise - we see a sell off.

Week on week both markets appear relatively unchanged. Let's wait and see how Asian equities respond to the overnight rise in the US markets.

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