FII’s sold 4.3 K contract of Index Future worth 80 cores, 17.6 K Long contract were added by FII’s and 21.9 K short contracts were added by FII’s. Net Open Interest increased by 39.5 K contract ,so FII’s added long in Index Futures and continue adding shorts in index future. Nifty continued with its upward journey with… Read More »
The 40% drop in oil prices over the past 6 months has garnered a lot of attention recently, most of it focused on the economic stimulus lower oil prices should provide the global economy, the impact on currency and fixed-income markets and the increase in economic pain suffered by exporters such as Iran and Russia.… Read More »
Rel Infra Buy above 508 Tgt 511.5,518 and 526 SL 505 Sell below 501 Tgt 495,491 and 485 SL 503 Jain Irrigation Positional traders should look for close above 70 for short term target of 76. Buy above 70.3 Tgt 71.5,73 and 74 SL 69 Sell below 68.5 Tgt 67.5,66 and 65 SL… Read More »
Oil prices were tanking. Emerging market currencies were in a freefall. Venezuela was mired in a financial crisis and Russia had sunk into debt default and devaluation. The year was 1998.Emerging markets today look a lot like they did back then. Yet there have been key changes that could help most of them escape full-blown… Read More »
Via Mint – Blain’s Extra Porridge, “Nazhmite Lyubuyu Stavku…“ Extra Comment – this might be getting serious. Russia’s markets have been spanked hard despite last night’s hike. 19% currency crash and 13% down stocks in a session. Ouch! Cumulatively, over the past few weeks stocks, oil and the Ruble are off 50% plus, and… Read More »
IRB Buy above 244 Tgt 246,250 and 254 SL 242 Sell below 239 Tgt 237,233 and 229 SL 241 OBC Buy above 307 Tgt 312,315 and 319 SL 305.5 Sell below 304 Tgt 301.5,296 and 289 SL 305.5 ZEE Buy above 365 Tgt 368.5,371.5 and 375.6 SL 363 Sell below 360.5 Tgt… Read More »
Last week we gave Nifty Chopad level of 18816 .Bank Nifty did 3 target on downside rewarding chopad followers by 520 points. Lets analyze how to trade Bank Nifty next week. Bank Nifty Hourly Bank Nifty forming ascending triangle pattern break of 18200 can see a downmove of 250/300 points. Bank Nifty Hourly EW Daily… Read More »
Nifty has been correcting after hitting all time high of 8627 and started its downward journey. Lets review the previous correction in 2014 to get an idea how much deep this correction can run. As per above analysis we are approaching short term bottom soon if previous price time cycle has to repeat itself.
BHEL Any close above 254 short term target 267. Buy above 256.3 Tgt 260,263 and 267 SL 254 Sell below 252 Tgt 249,245 and 237 SL 254 LT Any close above 1542 stock is heading to 1563/1597. Buy above 1550 Tgt 1560,1575 and 1586 SL 1544 Sell below 1538 Tgt 1533,1523 and 1507… Read More »
Issue 1. If the price of oil is too low, it will simply be left in the ground. The world badly needs oil for many purposes: to power its cars, to plant it fields, to operate its oil-powered irrigation pumps, and to act as a raw material for making many kinds of products, including medicines and… Read More »