Zurich Axiom

Good insightful read on Investments dogma and its application, specially deal with Unprinted rules by Swiss people, which made them rich more than American, Japanese, or any other European Nation. Just think Swiss is a very small Hilly County, they don’t have any natural resource, they don’t have any major industry, and even their location on map doesn’t allow any major benefit. Still They are Super Rich, Their currency is much stronger than any nation, And Most importantly they are Banker To the World...

This book tells about that.. Why they are so Financially Wealthy in-spite of all adversity

zurich_axioms.pdf

Coming RBI Policy

I believe market will behave in more negative way if RBI increase CRR rate in coming policy otherwise  rate hike in Repo & Reverse Repo would have neutral effect, cuz I think rate hike is already been discounted in Banking Stocks & Bank Index.

Imp note:- BankNifty is trading below its 200 DMA which is 10864

Medium Term Support Broke Today

5800 level of Nifty was very crucial, as it was medium term support of market index. Now there can be minor support @ 5721 and 5690. If 5690 breached and consecutive close below it would give further way down to 5600.