REC Positional/Swing Traders can use the below mentioned levels Any close above 300 target 322. Intraday Traders can use the below mentioned levels Buy above 298 Tgt 302,305 and 308 SL 296 Sell below 294 Tgt 292, 288 and 286 SL 296 Yes Bank Positional/Swing Traders can use the below mentioned levels Any close… Read More »
What is happening in Greece is the result of socialism playing out in the city square. But you won’t know that by reading papers or watching TV. Greece has enacted entitlements which assure the citizens a royal life just because they are born in Greece. For example everybody gets pension. Everybody, means everybody. At the… Read More »
SEBI today in its circular announced the minimum contract size for equity derivatives from Rs.200,000 to Rs 5,00,000 effective from 30th October 2015 (Post October 2015 Expiry). Minimum lot size for stocks reduced to 50 and in multiple of 25 there after. For high value stocks minimum lot size fixed at 10 and multiple of… Read More »
Europe said Monday it will negotiate a new bailout for Greece after the country agreed to enact deep economic reforms under close supervision by its creditors. The deal — if ratified — should prevent a chaotic Greek exit from the euro, an unprecedented event that would have shaken Europe to its core. “EuroSummit has unanimously… Read More »
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 »