The term of the current Lok Sabha expires on June 1, and the new House has to be constituted by May 31. Along with the Lok Sabha election, Andhra Pradesh, including the regions comprising Telangana, Odisha and Sikkim will go to polls to elect new Assemblies. Salient Features 9,30,000 polling stations in the country.… Read More »
Last Weekly we gave Chopad level Bank Nifty 10626 and achieved 2 target upside. Bank Nifty Hourly Bank Nifty hourly charts is trading above its 200HSMA ,Closing above 10802 bounceback can be seen till 10900-11000. Bank Nifty Daily Bank Nifty on daily chart is near its gap resistance .Breakout comes above 10802 for target of… Read More »
India today joined a growing list of Asian-Pacific countries providing investors a way to hedge against stock market volatility. On Wednesday, National Stock Exchange of India Ltd., the country’s largest stock exchange by trading volume, launched a futures contract tied to volatility in its benchmark CNX Nifty stock index. The index typically gains value when… Read More »
Last Weekly we gave Chopad level Bank Nifty 10221 and achieved 2 target upside. Bank Nifty Hourly Bank Nifty hourly charts is trading above its 200HSMA@10485 ,Closing above 10630bounceback can be seen till 10800-10900. Bank Nifty Daily Bank Nifty on daily chart is near its trendline support with contraction in trading rang .Breakout comes above… Read More »
FIIs bought 7859 contracts of Index Future worth 236 (5369 Long contracts were added and 2490 short contract were squared off ) with net Open Interest increasing by 2879 contracts, so FII’s added longs in index future after Vote of Account is over. Nifty has retraced the fall of Thursday in 2 days and tomorrow if able… Read More »
FISCAL DEFICIT: Fiscal deficit seen at 4.6 per cent of GDP in 2013/14 CURRENT ACCOUNT DEFICIT: Current account deficit seen at $45 billion MERCHANDISE EXPORTS: Exports seen at $326 billion in 2013/14 up 6.3 per cent year on year AGRICULTURE EXPORTS: Expected to touch $45 billion in 2013/14 up from $41 billion in 2012/13 SPENDING:… Read More »
Last Weekly we gave Chopad level Bank Nifty 10321 and achieved 1 target downside levels.Bank Nifty has been trading in small range since last 2 week, coming week is So Bank Nifty will show good technical move in coming week.Vote-on-Account, or interim budget for 2014-2015, which the government will unveil during trading hours on Monday,… Read More »
Railway Minister Mallikarjun Kharge presented the interim rail budget for the next fiscal Wednesday with no hike in fares or freight, introducing 72 new trains and connectivity to two more northeastern states. In what was his personal first and the last such exercise in the 15th Lok Sabha for the United Progressive Alliance (UPA) government,… Read More »
FIIs sold 17471 contracts of Index Future worth 534 (1595 Long contracts were squared off and 15876 short contract were added ) with net Open Interest increasing by 14281 contracts, so FII’s squared off longs and shorts were added today with nifty trading in small range. Nifty was able to protect its 6050 for third… Read More »
Janet Yellen, in her first speech as new Fed chair “stayed the course” on the Taper: *YELLEN SAYS FOMC LIKELY TO CONTINUE QE TAPER IN MEASURED STEPS *YELLEN SAYS RECOVERY IN LABOR MARKET IS `FAR FROM COMPLETE’ *YELLEN SAY FED TO `CONTINUE TO MONITOR FOR EMERGING RISKS’ *YELLEN: MAIN RATE LIKELY TO BE LOW WELL… Read More »