For those who missed today’s festivities in Brussels, here is the 30,000 foot summary: Europe has given Greece a “choice”: hand over sovereignty to Germany Europe or undergo a 5 year Grexit “time out”, which is a polite euphemism for get the hell out. As noted earlier, here are the 12 conditions laid out as… Read More »
Last week we gave the Chopad level of 18816 Bank Nifty opened with gap down and show a swift recovery from the lows and gave a long entry to Chopad followers which got stopped out and gave short entry on Tuesday and did 2 target on downside. Lets analyze how to trade market in coming… Read More »
The Eurorgoup Meeting ends with zero agreement after 9 hours of rumor-mongering and escalating tensions. *DIJSSELBLOEM SAYS TALKS ARE STILL VERY DIFFICULT *DIJSSELBLOEM SAYS ISSUE OF GREEK TRUST VERY DIFFICULT *DIJSSELBLOEM: `WE DON’T HAVE A SOLUTION YET’ *DIJSSELBLOEM SAYS `HUGE PROBLEMS’ REMAIN IN GREEK TALKS *DIJSSELBLOEM: `FOR SURE IT WAS A DIFFICULT MEEETING’ Euro… Read More »
The Greek parliament has approved the proposal Alexis Tsipras submitted to creditors on Thursday. The ball is now in Europe’s court with a Eurogroup meeting scheduled for Saturday. GREEK LAWMAKERS APPROVE GOVERNMENT’S BAILOUT PROPOSAL: TALLY As expected, Energy Minister and Left Platform leader Panagiotis Lafazanis voted against the proposal as did Parliament speaker Zoi Konstantopoulou… Read More »
FII’s sold 16.3 K contract of Index Future worth 271 cores ,7.4 K Long contract were squared off by FII’s and 8.9 K short contracts were added by FII’s. Net Open Interest increased by 1.5 K contract, so today’s fall was used by FII’s to enter shorts in index futures Are you Victim of “Out of… Read More »
For a record 12th day in a row, Chinese margin debt balances have dropped with today’s 8.5% collapse the largest in history. As of last night, there were around 570/1694 Shenzhen stocks halted/suspended and hundreds more on the Shanghai bourse leaving more than 54% of all Chinese stocks frozen ($2.6 trillion or 40% of value).… Read More »
FII’s bought 40.3 K contract of Index Future ,51.5 K Long contract were added by FII’s and 11.1 K short contracts were added by FII’s. Net Open Interest increased by 62.7 K contract, so today’s fall was used by FII’s to enter longs in index futures Apply Affirmation Technique to Improve trading Nifty formed DOJI candle… Read More »
FII’s sold 33.8 K contract of Index Future worth 853 cores ,14.5 K Long contract were squared off by FII’s and 19.2 K short contracts were added by FII’s. Net Open Interest decreased by 33.8 K contract, so today’s rise was used by FII’s to enter shorts and book long in index futures How Markets Will… Read More »
Greece has kept all financials market on edge, Last Monday 29 June 2015 Financial market around the world got a shock when Alex Tsipras declared he will hold a referendum asking voters they will reject bail out condition given by creditors, market round the world fell down but Indian Market showed tremendous resilience and bounced… Read More »
Here is how the Deutsche Bank sees the possible outcomes of what is shaping up to be a “No” vote: N1 – Soft deal: The most unlikely scenario is that the euro-area partners offer a much softer programme to Greece. N2 – Default-and-stay: Moderately less unlikely is a scenario where Greece defaults but stays in… Read More »