FIIs sold 813 contracts of Index Future worth 20 cores (900 Longs contract were sold and 87 shorts contract were covered) with net Open Interest decreasing by 987 contracts, so FII’s were in no mood to carry overnight position before RBI and Fed policy. Nifty continued to fall for 7 straight days, falling for 327… Read More »
BHEL BHEL is showing pullback back to its breakout zone of 152. Positional traders should look for close above 157 for short term target of 165. Buy above 155 Tgt 157,158.5 and 161 SL 154 Sell below 152.5 Tgt 150.5,148.7 and 145 SL 154 Tata Motors Positional traders should look for close above 377… Read More »
FIIs sold 18341 contracts of Index Future worth 564 cores (3387 Longs were added and 21728 shorts were added ) with net Open Interest increasing by 25115 contracts, so FII’s partially adding long but still aggressive on shorts in Index Futures. Nifty continued to fall for 7 straight days, falling for 269 points and took… Read More »
For all the hang-wringing on Wall Street about the Federal Reserve’s expected “taper,” you’d think the central bank was considering a ban on helicopter flights to the Hamptons. Take a deep breath. For most of the rest of us, the Fed’s “tapering” of its massive money flows into the U.S. economy could actually spell good… Read More »
The S&P 500 is set to resume higher, according to BofAML’s Macneil Curry pointing to the week of December Triple Witching as historically one strongest of the year for the S&P500. With fundamentals a thing-of-the-past, paying attention to the technicals in a world of one driver of stocks (Fed balance sheet), for short-term trading signals… Read More »
Next week will be crucial for Bank Nifty as government will unveil data on inflation based on the wholesale price index (WPI) for November 2013 on Monday WPI is seen easing a bit at 6.9% in November 2013, from 7% in October 2013 and Federal Open Market Committee (FOMC) holds a two-day policy meeting on… Read More »
FIIs sold 16735 contracts of Index Future worth 519 cores (917 Longs were covered and 15818 shorts were added ) with net Open Interest increasing by 14901 contracts, so FII’s partially booked long long and shorts in Index Futures. Nifty has lost almost 185 points from its recent swing high,it declined for the fourth consecutive… Read More »
FIIs bought 5758 contracts of Index Future worth 183 cores (10818 Longs were added and 5060 shorts were added ) with net Open Interest increasing by 15878 contracts, so FII’s added both long and short in Index Futures. Nifty did the 3 gap up yesterday and it proved to be exhaustion gap which started filling… Read More »
They say those who forget the lessons of history are doomed to repeat them. As a student of market history, I’ve seen that maxim made true time and again. The cycle swings fear back to greed. The overcautious become the overzealous. And at the top, the story is always the same: Too much credit, too… Read More »
Fifty years ago, John F. Kennedy was assassinated on Friday, November 22, 1963 in Dallas, Texas. The assassination not only shocked the nation, but shook the stock market as well. However, very few people have heard about The Great Salad Oil Swindle which nearly crippled the New York Stock Exchange that weekend. Officials at the… Read More »