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 »
Last week we gave the Chopad level of 18285 Bank Nifty achieved all 3 target on upside rewarding discipline chopad followers .Lets analyze how to trade market in coming week as we will get results of Greek referendum before market opens on Monday. We have shared the Goldman report discussing various scenarios, readers can read… Read More »
This is how Goldman handicaps the possible voting outcomes and the subsequent reactions: Result of referendum likely to prove less pivotal than how Greek domestic politics evolves in response to it. We envisage three main scenarios following the referendum: 1. A ‘Yes’ vote, followed closely by the resignation of Messrs. Tsipras and Varoufakis and… Read More »
KSCL Positional/Swing Traders can use the below mentioned levels Close above 735 short term target 754 and 800 Intraday Traders can use the below mentioned levels Buy above 735 Tgt 745,755 and 762 SL 730 Sell below 728 Tgt 723, 718 and 710 SL 733 Amar Raja Battery Positional/Swing Traders can use the below… Read More »