BombayBulls

BombayBulls

Rise in USD/INR is going to be the proportional to the rate of evaporation of the hope for better days in India. Well, the proposition itself was a pipedream but anyway let's focus on currency and not on crooks. I gave a talk in NJ,USA few years back on USD/INR, where the audience was comprised of some bankers from India and some politicians along with many...

BombayBulls

In current market situation, there are very few places where you can sit in the trade comfortably. Since all majors and crosses are tangled into their own problems, EUR/GBP gives a good opportunity with better clarity. I have been trading EUR/GBP from short side for a while based on these simple thesis, with 100% success rate. - Euro is a doomed currency in my...

BombayBulls

First of all, if you are not initiated with the eastern concept of 'Maya' then go watch The Matrix trilogy. Now, after that if you can understand that Bitcoin is just a fad and eventual fraud, then probably you are someone with 'common sense' which is very rare these days. As couple of decades ago it was cool thing to put 'internet' in your company profile,...

BombayBulls

Finally Infosys saga has turned the way we anticipated about a year ago ( check out the linked posts ). Now since you can not fool all the investors all the time, Rs. 13,000 crore buyback plan has been received by the investor the way it should have been! Why? Because the right time for buyback was many years back when clients of the major IT firms were so naive...

BombayBulls

Those who got bullish at 1.18 for EUR/USD are having tough days. The rational for such bullishness is that they think EUR/USD is going to 1.20 or 1.25 quickly and since they missed the swift rise from 1.05 to 1.15, they don't want to miss the next leg higher. One rule of thumb of trading is that when everybody is in the same boat then be cautious. When every...

BombayBulls

...Continue from part 2 .... Then What Should One Do? Not To Invest At All At Such Valuation? Everything depends upon your investment horizon and your expectation. If you are expecting next two years of 25% rise, then maybe you shouldn't. Expecting 10% over next 15 years then you may ! If you don't care about your invested principle for next 20 years then...

BombayBulls

Continue from Part -1 ..... Gullible Sheep Will Be Fleeced Again And Again Even when they had mediocre returns and no strong case to invest in their funds, Mutual fund and other investment companies were able to suck in billions to invest with creative presentation tactics. Fortunately now they have everything in their advantage. You ask for historical returns...

BombayBulls

If someone has just started investing in Indian equity markets recently than the probability of getting mediocre returns over investment or even negative return is much higher. Well, we bet that's what you haven't heard from your new Mutual Fund or SIP investment advisor touting minimum 25% returns, have you?! Ok let's go through what are the possible future...

BombayBulls

So what's ailing Indian Pharma sector stocks? Those who really looked like on steroids are suddenly behaving like they have swallowed over dose of laxatives. Few environmental changes are to blame, 1. ) Rotation Yes folks, those who rode it from Rs. 100 a stock to 1500 are taking profit and putting that money to some other sector where they believe market it...

BombayBulls

Everybody is getting long equities to the hilt, so a slightest uptick in volatility will shake off those who bought at the top. For last many years, it's been a recurring theme of the market that sudden worries about something emerges ( a.k.a. Tantrums ) to induce the sudden collapse of souring indices and then after a week ( even a next day or two in some cases...

BombayBulls

British Pound has always traded with vigor, whether it's going up or sliding down. It doesn't like 5/10/15 pip moves. It will be either 50, 100 or 500. So what's not to like about it for Forex traders ! :) Well, only thing one needs to adapt to is its sudden change in fortunes, especially now when politics is in flux. What a turnaround from our last trade idea...

BombayBulls Updated 

Two day FOMC meeting has been scheduled to end tomorrow with possible rate hike announcement. Under such circumstances it is not wise to bat against JPY. Especially USD/JPY which exhibits high correlation with US bond rates. Our long USD/JPY is off the good start with sudden jump of 20 pips while we are writing this. What is the expectation from the...

BombayBulls

It is not good to come to any conclusion and make definitive arguments about the price action during the wee hours of a new week, but the price action is really appealing here. When everybody is long USD/CAD then the correction is inevitable. Besides USD/CAD has ample room for the correction without jeopardizing the up-trend. Unless it starts closing below 1.32,...

BombayBulls

Crude Oil is sitting right where the resistance is i.e. 48. Now the path from 48 to 50 may not be in a straight line. Based on the price action, we are considering a quick short in this resistance zone if we get a good spike without any reason. Our short interest points have been highlighted with red lines on the chart. Oil has casted a broad range between 40...

BombayBulls

If Brexit, US election, French election and announcement of UK election couldn't scuttle the GBP/USD then what else could hamper the march of Her Majesty's Quid ! We have prevailed in our dip buying strategy in pound against multiple currency pairs. When people throw common sense out of the window and price action screams of nonsensical behaviour, whether...

BombayBulls

Keeping it simple will help to see the clear path. World is made up of billion variables and any one can go haywire without notice and can ruin well laid plans, so of course we will be cautious about picking the levels and keeping the risk in check but currently the path of least resistance for equities is still higher. Some of the fundamental reason for feel...

BombayBulls

Amid fundamental chaos, how a sound technical analysis can show us the right path is clearly evident from our NIFTY trade idea published a month ago. We don't even need to touch the chart and going to post it as it is, because those support and resistance levels are still applicable perfectly. Of course, finding a good support resistance is the first step and...

BombayBulls

Forex market can be traded profitably both ways. If you have good fundamental bias and if you can stick with the technical levels with discipline then all those pips are yours ! Good example is GBP/USD. Currently it is offering the business both ways. Ample opportunities for short sellers as well as for dip buyers. Our bias is from buy-side and you can check...