Tag Archives: CITc1

INDIAN PAIRS: LONG NIFTY – SHORT NSEBANK

By Orpheus | Published: 1 July, 2009
Why do BANKS fall? This question may have many answers based on when you ask it. The question may have no meaning if it was asked at the market top at BSEBANK 12,678 (20 Jan 2008). It may evoke a shrug if asked at Oct 2008 lows (BSEBANK 3,601). Now that BSEBANK has retraced almost [...]
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THE DOLLAR SENSEX

By Orpheus | Published: 25 June, 2009
There are stories about the inverse correlation between SENSEX and the US Dollar Index (USD). The same stories which talk about inverse correlation can also explain perfect correlation, but there is something missing here. First, perfect correlation does not last. Second, if instead of absolute prices if we compare changes between prices, the idea of [...]
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