FIIs bought 16377 contracts of Index Future (bought 17119 long contract and 742 shorts were added) worth 506 cores with net Open Interest increasing by 17861 contracts.FII’s today again went long in NF. Infosys will be decide the next trend of Nifty Nifty spent the day consolidating over 6000,tomorrow we will get clarity whether Nifty will be… Read More »
Tata Motors Formation of risisng wedge in Telco,with range contraction.Stock has also formed double bottom at 350 odd levels. Buy above 357 Tgt 359.5,363 and 365 SL 356 Sell below 353 Tgt 351,347 and 344 SL 354.2 Hindalco Hindalco gave a range breakout but was unable to sustain above it, Positional traders keep eye… Read More »
Infosys Q2 Results will be declared before Friday market opening this will be first result after Narayana Murthy took over the rein of Infy,stock having risen 25% in the past three months Infosys is famous for Wild swing after the Quarter results as shown in below chart . Past 3 Quarters have been market with Huge… Read More »
FIIs bought 18508 contracts of Index Future (bought 14407 long contract and 4101 shorts were covered) worth 506 cores with net Open Interest increasing by 10306 contracts.FII’s today went long in NF with 150 point rise but no major short covering was seen. Nifty opened gap down due below 5900 due to global cues, and started with… Read More »
Congress has yet to address the impending U.S. debt ceiling, which will be hit on Oct. 17 if nothing is done. Analysts believe that if the U.S. hits the debt ceiling and eventually defaults on its liabilities, then the resulting market chaos could actually cause investors to dump risk assets and rush into U.S. Treasury… Read More »
PFC Trading is an ascending traingle with formation of gravestone soji pattern singalling explosive move ahead. Buy above 137.3 Tgt 139,141 and 143 SL 136.4 Sell below 135.5 Tgt 134.5,133 and131 SL 137 PNB PNB formed a triangle pattern Closing below 460 gives short term target of 432. Buy above 472 Tgt 477,484 and… Read More »
FIIs sold 5195 contracts of Index Future (sold 7763 long contract and just 2568shorts were covered) worth 169 cores with net Open Interest decreasing by 10331 contracts.FII’s covered both long and short in Index Futures. Nifty opened gap up due to RBI surprise last evening but was unable to break the range of 5800-5950 on closing basis.… Read More »
As per SocGen US Stock Market current valuations very stretched. On the basis of Price-to-Book (valuation) and return-on-equity (profitability), the US equity market is extremely ‘expensive’; and “hoping” for further expansion on the RoE to save the day is whimsical given the limits to leverage. Via SocGen, The chart below illustrates a strong and rational… Read More »
JSW Steel Buy above 794 Tgt 799,810 and 820 SL 788 Sell below 787 Tgt 781,770 and 760 SL 790 IndusInd Bank Buy above 411 Tgt 417,425 and 432 SL 408 Sell below 400 Tgt 398,394 and 388 SL 403 Tata Steel Buy above 302 Tgt 306,311 and 317 SL 300 Sell below 299… Read More »
FIIs sold 9606 contracts of Index Future (sold 23553 long contract and just 13947 shorts were covered) worth 268 cores with net Open Interest decreasing by 37500 contracts.FII’s covered there shorts at the dip but no fresh longs were entered. Nifty has been trading in range of 5800-5950 from past many trading sessions, baring the Fed day… Read More »