US companies added 215,000 jobs in November, the most in a year, in a positive sign for the US economic recovery, the ADP National Employment report said on Wednesday. The positive data increased expectations that the labor market could be strong enough for the Fed to start taper. Today we have the GDP data and… Read More »
With the State Election results coming on 8 December and Exit Polls predicting a thumping victory of BJP, and Market reacting with a Big Thumbs up. So many traders asked me Do exit Polls give us accurate information and can we trust them ? Let me elaborate the whole process. Here are some of the… Read More »
The results of elections in five states — Chhattisgarh, Delhi, Madhya Pradesh, Mizoram and Rajasthan — will be declared 8 December.Results could well influence which party comes to power in the national elections that are due by the end of May. Many investors are hoping the state elections will show strong support for the Bharatiya… Read More »
India VIX is a volatility index based on the index option prices of NIFTY. India VIX is computed using the best bid and ask quotes of the out-of-the-money near and mid-month NIFTY option contracts which are traded on the F&O segment of NSE. India VIX indicates the investor’s perception of the market’s volatility in the… Read More »
Bank Nifty Hourly Bank Nifty hourly charts are showing negative divergence in leading indicators unable to cross 11232 and breaking 11040 negative divergence will come in effect. Bank Nifty Daily Bank Nifty on daily chart will face resistance at its 200 DMA@11232,Unable to cross the same will show an intital dip towards 10900 levels Crossing… Read More »
Overconfidence As the name suggested, it is the irrational faith in one’s skills, methodology or beliefs. For example, you see a certain chart pattern and make a maximum leveraged trade, even though you understand that any chart pattern cannot predict market with certainty. Trading excessively after a winning streak also shows overconfidence. Cognitive Dissonance It… Read More »
Interesting Report on Election 2014 Global investment banking firm Goldman Sachs had on November 5 upgraded its rating for Indian markets from underweight to market-weight on the back of what it calls the change in India’s political climate. The latest Goldman Sachs report observes: “Equity investors tend to view the BJP (Bharatiya Janata Party)… Read More »
Last Week we gave Weekly Chopad level of 11101 Bank Nifty did the one target on upside and thee targets are downside.Next week being an expiry week will be volatile. Bank Nifty Hourly Bank Nifty hourly will resist to its 50 HMSA and gap area as shown in above chart, Holding 10630 Bank Nifty can… Read More »
Bank Nifty Hourly Bank Nifty hourly is resisting to its 50 HMSA, 2 Hour close above 10900 will give strength to bulls, Holding 10900 Bank Nifty can rally all the way upto 11400 odd levels. Bank Nifty Daily Bank Nifty on daily chart took support at its 100 DMA and after whipsawing the rising trendline… Read More »
The “muhurat” trading session will be conducted for 75 minutes today, on leading bourses NSE and BSE, to pay obeisance to Lakshmi, the Hindu goddess of wealth and prosperity. It would also mark the New Year for traders as per the Hindu calendar, or Samwat 2070. What is Muhurat Trading: Muhurat trading is the auspicious… Read More »