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Devangshu Datta, an internationally rated chess and bridge player, is a seasoned writer and columnist with extensive experience covering diverse topics such as finance, technology, science, and sports. Known for his analytical approach and clear writing style, Datta has contributed to several leading publications, including Business Standard, The Economic Times, The Telegraph, and Outlook. He also serves on the editorial board of Business Standard.
Devangshu Datta, an internationally rated chess and bridge player, is a seasoned writer and columnist with extensive experience covering diverse topics such as finance, technology, science, and sports. Known for his analytical approach and clear writing style, Datta has contributed to several leading publications, including Business Standard, The Economic Times, The Telegraph, and Outlook. He also serves on the editorial board of Business Standard.
The breakout above resistance at Nifty 6225-6250 led to a breakout above the 6350-zone
Nifty, BankNifty, L&T, Bharat Forge & ONGC
If the market starts getting nervous about the political risk factor, currency depreciation could be a lot more severe and movements jerky
If domestic institutions start speculating on an NDA comeback and FIIs remain positive, it could happen
Nifty, Bank Nifty, IDFC, BHEL & Coal India
Nifty, PNB, Tata Power,Wipro & JP Associates
Retail traders now seek short-term profits, taking exposure for 2-3 days at a time, or maybe a week maximum
Nifty, BHEL, YES Bank, DLF, Hindalco
Most probably however, we'll have to wait for assembly election results before a trend is clearly established
Nifty, Bank Nifty, Ranbaxy, Maruti & Jindal Steel
Elections can have surprising outcomes, a normal stop-loss could be 'gapped' with the trader forced to cover an adverse position at well beyond his preferred levels
From here till the next government is installed, political equations will play an increasing role in driving perceptions about India
Shares of companies with less systemic risk may perform better in the long run and vice-versa
The 'none of the above' option may empower established political parties to ignore the weight of public opinion
Viswanathan Anand may not quite have an heir yet among Indian chess players, but the country has youngsters with the highest aspirations
Nifty, Bank Nifty,Power Grid, HCL Tech, JP Associates
While the long-term trend looks positive, the intermediate and short-term trends are indeterminate
Nifty, Bank Nifty, Tata Power, Bharti Airtel & Tata Motors