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 »
For a couple of hours on Tuesday, it appeared as though Greece had managed to sneak a debt deal proposal by the troika that, while hitting some of the mandated fiscal targets, did not include the pension cuts and VAT concessions that had previously constituted creditors’ “red lines.” Then, on Tuesday evening, the IMF apparently… Read More »
FII’s bought 58.3 K contract of Index Future worth 1417 cores ,7.5K Long contract were added off by FII’s and 50.7 K short contracts were squared off by FII’s. Net Open Interest decreased by 43.1 K contract, so todays rise was used by FII’s to exit shorts in index futures. How to deal with trading loss… Read More »
Last week we gave the Chopad level of 17525 Bank Nifty achieved 2 target on upside and 1 target on downside rewarding discipline chopad followers .Lets analyze how to trade next expiry week. Bank Nifty Hourly Bank Nifty with gann angles are shown, need to close above 3×1 on hourly basis for bulls to get… Read More »