India’s Sensex readies for correction

This 10-minute chart gives early warning of an imminent S/T topThe Indian stock markets have been in a tizzy following a resounding victory by the Congress party. The Sensex gapped higher from 12219 a day before to open at 13479 the day after the election results....

Elliott Wave Analysis of Indian Stocks

This is a chart of Unitech Ltd, India Now that the Parliamentary elections are over in India, and a decisive mandate has been given to the Congress party and its allies to continue in power, most people expect the stock market to react positively. Let us take a look...

NSEI has slight upside left

In the big picture, it is too soon to say that we have been freed by the bears. So use the current rally to get out of any longs near 3230. Either from 3230 or from 3275 I expect another wave of selling to take place in the NSEI. Here is your chart. Good luck!

Saudi Index leaves Investors Shell Shocked

The Saudi markets have lost more than half its value since the beginning of the year. How much more pain can they bear? Looks like there is scope to fall by at least another 12%. Check out this chart.

Dubai Index

On 15th October, when Dubai was trading at 3427 I warned that we could see 2760 if it started to come off quickly. Today it reached 2343, and a lot of investors are worried. A safe level to buy will be around 1860 in the index. As always, when one is trying to pick a...

KWSE near a short term low

The Kuwait Stock Index is approaching some short term objectives between 10500 and 10760. Expect a recovery to around 11500 as a first step, and later on to 12200. It is likely that this move will not be a simple and straight move as there are many badly bruised...