It may be recalled that in its statement on monetary policy of January 15, 2015 the Reserve Bank reduced the policy repo rate by 25 basis points and indicated that ““Key to further easing are data that confirm continuing disinflationary pressures. Also critical would be sustained high quality fiscal consolidation…”.While maintaining the interest rate stance… Read More »
Arvind Positional traders should look for close above 322 for short term target of 333/343. Intraday Traders can use the below mentioned levels Buy above 321 Tgt 324,327 and 333 SL 318 Sell below 316 Tgt 314,312 and 307 SL 318 Tata Steel Positional traders should look for close above 356 for short… Read More »
Last week we gave the Chopad level of 19076 Bank Nifty achieved 3 target on downside and 3 target on upside.Lets analyze how to trade next week. Bank Nifty Hourly Bank Nifty is approaching the resistance line of hourly chart suggesting breakout/breakdown is on cards. Break of 20100 suggests bank nifty can move towards 20800/21000.… Read More »
Risk management is the process of managing (read as reducing) the risk of a trade so that it is more likely to be profitable. Professional traders know that risk management is one of the most important aspects of trading, but it is often overlooked by new traders to their detriment (e.g. their blown up trading… Read More »
Last week we gave Chopad Levels of 8850 Nifty did 2 target on downside and 1 target on upside in a volatile week which saw swing of 272 points. Lets analyze how to trade next week. Nifty Hourly Chart Nifty Hourly charts near its trendline resistance. Nifty Hourly Elliot Wave Chart Elliot wave chart on… Read More »
FII’s bought 86.9 K contract of Index Future worth 2224.84 cores, 59.9 K Long contract were added by FII’s and 27 K short contracts were squared off by FII’s. Net Open Interest increased by 32 K contract. Nifty was least volatile in yesterday trading session with range of just 202 points. Nifty showed a smart recovery in… Read More »
Here are the highlights of Jaitley’s Budget for the fiscal year that begins on April 1. TAXATION * To abolish wealth tax * Replaces wealth tax with additional 2% surcharge on super rich * Proposes to cut to 25 percent corporate tax over next four years * Corporate tax of 30 percent is uncompetitive *… Read More »
Adani Port Any close above 356 stock is heading to 364/369 and 377. Any close below 343 short term target 322. Intraday Traders can use the below mentioned levels Buy above 350 Tgt 354,363 and 375 SL 346 Sell below 340 Tgt 333,328 and 322 SL 344 Petronet 178 should be watched for Petonet… Read More »
Thrust 1. Safety 2. Project Delivery 3. Passenger Amenities/Services with focus on food services & on cleanliness, sanitation, toilets 4. Financial Discipline 5. Resource Mobilization 6. IT Initiatives 7. Transparency & System Improvements. Major Challenges facing the Railway System Vast tracts of hinterland waiting for rail connectivity. Railways expected to earn like a commercial enterprise… Read More »
For those asking, here is the full, updated list of 20 central banks easing so far in 2015 courtesy of Reuters: 1. Jan. 1 UZBEKISTAN Uzbekistan’s central bank cuts its refinancing rate to 9 percent from 10 percent. 2. Jan. 7/Feb. 4 ROMANIA Romania’s central bank cuts its key interest rate by a total… Read More »