Per my last post (link here), I suspect that Financial Media in India is manipulating the retail investor into buying equities. Meanwhile Foreign Institutional Investors and Domestic Insurance Companies are reducing their exposure to Indian Equities.

In their enthusiasm to mislead gullible investors, the analysts at ICICI have used selective data to make a case for rising stock markets.

The Derivative Thematic Report by ICICI for 15th July, 2015 (link) does a historic data analysis and concludes that the current market conditions mimic historic patterns. These data points, in the past were associated with a rise in market.

The analysts, however,have used data selectively to support their position. I did my own analysis using public data.

The above data is derived from Money Control (link). Per my analysis, there were 19 instances in the last five years, where the market conditions matched those in the derivatives report. However, out of this total population of data, only 4-5 data points, which supported the position of the analysts were chosen for the report.

Such selective use of data is misleading. Unfortunately, the uninformed retail investors simply fall for such weak analysis and bet their life savings in the casino of Indian stock market.