While Fed officials are at pains to point out that their two policy tools (asset purchases and rates) the markets continue to link them and the latest increase in Taper chatter has dragged expectations for the first rate hike dramatically forward. Just a month ago, expectations were as late as Jan 2016 but Fed Funds… Read More »
Traders around the world are anxiously waiting for the Ben Bernanke decision of Fed tapering the QE and give updates us on the direction of monetary policy in coming future. Markets and commodities over the last few weeks have corrected sharply, mainly due to the fear created around the Tapering of Asset Purchases by the… Read More »
RBI Monetary Policy 17th June 2013 Expectaton CRR (Exp 4.0%, Prior 4.0%) Repo (Exp 7.25%, Prior 7.25%) Reverse Repo Rate (Exp 6.25%, Prior 6.25%) RBI governor has given hint Inflation is still high, cutting hope of rate cut putting pressure on Bank Nifty further. So lets discuss how to trade Bank Nifty in coming week… Read More »
Next week will be crucial for both Indian and Wold market as the two central bankers – Duvvuri Subbarao and Ben Bernanke will be solving the puzzle markets have been contemplating from past 1 month . The RBI Governor on Monday will let us know if we are getting the rate cut and US Fed… Read More »
Most of traders during my interaction with them says the following ” Looking at most of indicators which were oversold we took long in market but the market keep on falling down and we need to bear huge loss” . Once the position you are holding is down by 5-6%, traders will not be interested… Read More »
Titan Titan stock has fallen like 9 Pins after RBI declaration on Gold came, Stock has fallen and touched its medium term trendline on weekly charts. Holding 201 the pullback will continue further. Buy above 224 Tgt 228,232 and 237 SL 220 Sell below 217 Tgt 214,211 and 208 SL 220 Apollo Tyre Apollo… Read More »
LT Larsen has been correcting after its result came forming swing high of 1652 and after swift fall has seen a range contraction forming an descending triangle which is bearish chart pattern. Buy above 1399 Tgt 1409,1420 and 1433 SL 1395 Sell below 1385 Tgt 1375,1360 and 1340 SL 1395 Lupin Lupin is forming… Read More »
Last week we gave Trend Deciding level as 6032 Nifty achieved 2 weekly targets on downside. Key Events next week : Wednesday: April industrial output, May CPI inflation and Friday: May WPI inflation Nifty Hourly Chart Nifty Hourly charts are trading in triangle formation with range contraction going on .Break of 200 HSMA, has given… Read More »
Two weeks ago, with its current account getting crushed by relentless gold imports, India’s finance minister Chidambaram literally begged the people to stop buying gold. Judging by the popular response, the ongoing physical shortage, and last night’s increase in Indian gold import duties from 6% to 8%, appealing to people’s feeling when it comes to… Read More »
It is clear that Western capital markets no longer generally regard gold as money. It has been relegated to the status of a risk asset, useful collateral, or simply a commodity with a history of being used as money. This is a mistake. The great Austrian economist, von Mises, wrote that true money had to… Read More »