No surprise from the Reserve Bank of India. The central bank kept its benchmark repurchase rate at 8 per cent. Economists had anticipated the RBI would keep interest rates at an elevated rate to combat inflation. Wholesale price inflation was down to 4.7 per cent in February, from 5.1 per cent in January, while consumer… Read More »
Whenever something reaches lifetime highs, questions are asked whether the asset class in question is in bubble territory. Indian equities would certainly qualify to be at the receiving end of such a scrutiny. Both Nifty and the Sensex are being seen flirting with their all time highs with consistent regularity these days. The latest such… Read More »
The Reserve Bank of India’s First Bi-monthly Monetary Policy Statement, 2014-15 on Tuesday, 1 April 2014, will dictate near term trend of Bank Nifty. Last Week we gave Chopad level of 12120 and Bank Nifty did all 3 target on upside. Lets analyze how to trade bank nifty in RBI week.Bank nifty has been up… Read More »
In Haryana, of the eight Lok Sabha candidates named by the Bharatiya Janata Party (BJP), four joined the BJP less than a year ago. In Uttar Pradesh, former UP Chief Minister (though he was CM just for a day), Jagdambika Pal, is an even newer entrant: He joined the BJP only a couple of weeks ago.… Read More »
Bank Nifty Hourly Bank Nifty hourly charts is trading below its 50 HSMA ,Closing above 12120 bounceback can be seen till 12300-12500. Bank Nifty Daily Bank Nifty on daily chart is near its resistance area.Breakout comes above 12300 for target of 12550 and 12700.Unable to do so we can see pullback till 11800 odd levels.… Read More »
For just about 2 months the Indian bourses have shrugged off all the things that are worrying the rest of the world. Institutional money is coming in, and today the Government raised about USD 1 Bn through the sale of a 9 per cent stake in Axis Bank. The currency has strengthened somewhat, inflation is… Read More »
Biggest Search operation in the technological era is going on the find the Malaysian Airline Jet MH370. Lot of theories are going round what could have actually happened, here is a quick snapshot of them. Our prayers for the passengers and families of MH 370 to come back home safely. 1. Landed in the Andaman… Read More »
Adani Adani achieved its flag pattern target now stock is forming a broadening wedge pattern Buy above 325 Tgt 329,333 and 338 SL 321 Sell below 319 Tgt 315.4,310 and 306 SL 321 Apollo Tyre Buy above 133.5 Tgt 134.5,136.2 and 139 SL 132.8 Sell below 131 Tgt 130,127.5 and 126 SL 132 Auro… Read More »
Many traders have asked me ” Shall we trade in VIX Futures with elections round the corner ? ” Today retail investors can trade in existing derivative products with small amounts ranging between Rs 25,000 and Rs 1 lakh. In comparison, in VIX futures the margin requirement is too high.The minimum contract value of Rs… Read More »
FIIs bought 30715 contracts of Index Future worth 961 cores (14.2 K Long contracts were added and 16.4 K short contract were squared off ) with net Open Interest decreasing by 2135 contracts, so FII’s added longs in index future and shorts were squared off. Nifty closed at all time high and is entering in… Read More »