Given the surge in India’s stock market, echoing the reflexive pro-business exuberance of last year’s Japanese stock market, the similarities between India’s newly-elected PM Narendra Modi and Japan’s Shinzo Abe are coming thick and fast… some good (pro-business), some bad (potential dislike of the US) and some potentially ugly (strong nationalist tendencies). Via… Read More »
Nifty has gained 38 % since Sept. 13 when NaMo was officially anointed as Prime ministerial candidate. Exit poll and outcome of the election. IIP, WPI and CPI data due next week. Lets analyze how to trade Bank Nifty before the Lok Sabha election results. Bank Nifty Hourly Elliot Wave Analysis Bank Nifty hourly charts… Read More »
The index-based market-wide circuit breaker system applies at 3 stages of the index movement, either way viz. at 10%, 15% and 20%. These circuit breakers when triggered bring about a coordinated trading halt in all equity and equity derivative markets nationwide. The market-wide circuit breakers are triggered by movement of either the BSE Sensex or… Read More »
FII’s sold 15239 contract of Index Futures worth 511 cores (2.5 K longs were added and 17.8 K shorts were added in Index Future) with net OI increasing by 20.4 K contracts.FII’s going aggressive short in Index Futures. As discussed in previous analysis we were expecting a 80-100 points move but has its mind of own… Read More »
Every day, hundreds of pilgrims from different parts of the country visit the confluence of the Ganga and Yamuna, the sangam, in Allahabad to take a dip. The nishads (boatmen) row them to the sangam and listen to their chatter, which includes their voting preferences during elections. I have been visiting the sangam as a… Read More »
FII’s sold 6691 contract of Index Futures worth 237 cores (725 longs were added and 7.7 K shorts were added for Index Future) with net OI increasing by 8.4 K contracts. So today’s FII’s continue adding shorts in Index Futures. Nifty is entering the demand zone, with hourly charts entering oversold so if 6740-6745 is held… Read More »
Last Week we gave Chopad level of 12836 M Bank Nifty made low of 12238 , did all 3 target on upside cool 364 points gained :), We have Fed meeting coming up next week , so markets will remain volatile Lets analyze how to trade bank nifty in next 3 trading sessions. Bank Nifty… Read More »
FII’s bought 49962 contract of Index Futures worth 1710 cores with net OI decreasing by 2 lakh contracts. So on expiry day FII’s squared off most of shorts they were carrying as rollover in the Nifty at around 59% is lower than the three-month average of 65%, indicating FII’s sees the risk of taking bullish… Read More »
Last Week we gave Chopad level of 12851 and Bank Nifty did 2 target on downside.Inflation and IIP data both were disappointing leading to fall in Bank Nifty, initial 2 days but a quick recovery in last trading session helped Bank Nifty to recoup losses, We have Expiry in coming week so Lets analyze how… Read More »
Are India’s English-speaking liberal elites about to face their most serious setback ever? With their public enemy No. 1, the opposition Bharatiya Janata Party’s Narendra Modi, poised to win national elections. But instead of feeling dejected, India’s liberals should be quietly satisfied. Even though they may not stop the Gujarat chief minister’s rise to national… Read More »