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 »
Greece has now passed the midnight deadline for repayment of the €1.6 billion bundled loans due to the IMF and in thus in default. Yes we are fully aware that using the pejorative term ‘default’ makes us members of the ignorati, but what else do you call it when you fail to pay back a… Read More »
FII’s bought 35.1 K contract of Index Future worth 547 cores ,53.4 K Long contract were added by FII’s and 18.2 K short contracts were added by FII’s. Net Open Interest increased by 71.7 K contract, so todays fall was used by FII’s to enter longs in index futures 95% of Retail Forex Traders Lose Money… Read More »
Risky Financial Assets , Stocks Bonds and Currency are selling hard after Greece PM declared referendum and Greece imposed Capital control,Banks are shot till 6 July. Safe Heaven Gold poped up. Greek Capital Controls Begin: Greek Banks, Stock Market Will Not Open On Monday Dow F down 300 points EUR USD opens up 200 pips… Read More »
What would happen in case of Grexit? In order to “help” Greece, since 2010, we’ve seen fiscal transfers and foreign intervention into its domestic economic policies. Greece’s debt to GDP ratio is now around 180% to GDP, while a lot of the bailout cash has merely served to bail out banks, as Open Europe already… Read More »
$767bn market cap wiped out in China plunge As discussed in previous post “Blood On The Streets”: Chinese Market Crashes The 7.4 per cent fall now ranks as the second-biggest fall this year for Shanghai stocks, behind a 7.7 per cent plunge on January 19. It also makes the cut as the fifth-biggest daily fall… Read More »
We know Bubble was forming in China based on the below picture. Do you remember 2007-08 year of Stock Market,everyone want to trade without any bias. China’s “Nasdaq” – the 90% small-cap tech-firm dominated CHINEXT is down 8.3% intraday – its biggest single-day loss ever… it is now down 27% from its highs! … Read More »
Nifty had a volatile June Series High made in the series was 8467 and low was 7940 and closed at 8398. So we had a move of 527 points but comparing from May Expiry which happened at 8317 we just moved 81 points. So expect July Series to see some range expansion Greece, Creditors… Read More »