Paryushan parva is a time of reflection on our past year actions. It is observed during every Chaturmas commencing on the twelth day of the shukla paksha of “Bhadrapad” month and ending on the fourth day of Krishna paksha of Bhadrapad. It is marked by strict observance of the ten cardinal virtues: Forgiveness, Charity, Simplicity,… Read More »
Monetary and Liquidity Measures On the basis of an assessment of the current macroeconomic situation, it has been decided to: reduce the cash reserve ratio (CRR) of scheduled banks by 25 basis points from 4.75 per cent to 4.50 per cent of their net demand and time liabilities (NDTL) effective the fortnight beginning September 22,… Read More »
New Delhi: In a huge signal that it is shrugging off its policy paralysis, the government has pushed through the move to allow foreign direct investment in multi-brand retail. Overriding huge opposition from allies like Mamata Banerjee and friendly parties like Mulayam Singh Yadav, the government, in a surprise move, has opened its retail sector to… Read More »
As a trader who has seen a great deal and been in a lot of markets, there is nothing disconcerting to me about a price move out of a trading range that nobody understands. Tight congestion in which a breakout occurs for reasons that nobody understands are usually good risk/reward trades. The more a price… Read More »
I sincerely feel that success in trading is 80 percent psychological and 20 percent one’s methodology, be it fundamental or technical. For example, you can have a mediocre knowledge of fundamental and technical information, and if you are in psychological control, you can make money. —-The Disciplined Trader,Mark Douglas Century Textile Watchout for 341 levels… Read More »
“I know it may sound strange to many readers, but there is an inverse relationship between analysis and trading results. More analysis or being able to make distinctions in the market’s behavior will not produce better trading results. There are many traders who find themselves caught in this exasperating loop, thinking that more or better… Read More »
Nifty Nifty as discussed yesterday has taken support at trendline support and formed a double bottom at 5217. Now trend is Sell on Rise till 5331 is not broken. SGX Nifty is suggesting a gap up opening till 5283-5295 is not broken in hourly basis trade with caution on long side for intraday. Buy above… Read More »
At 2:30 pm CET, 8:30 am EST, Mario Draghi will take the podium and either whip out the Bazooka, which may lead to the resignation of Jens Weidmann from the ECB governing council and further unpredictable consequences (the ECB already broke European money markets when it lowered the deposit rate to 0.00%), or a water… Read More »
Bank Nifty Bank Nifty has taken support at its 200 DMA and lower trendline at 9814. Sell below 9814 Tgt 9769,9710 and 9606 Buy above 9872 Tgt 9931,10000 and 100093 Bharti Airtel Bharti Airtel buy call was given yesterday and stock made a high of 259. Stock looks overbought on hourly charts and pullback… Read More »
Don’t lose your stake. A speculator without cash is like a store-owner with no inventory. Cash is your inventory, your lifeline, and your best friend. Without cash, you are out of business. Don’t lose your line. There is no place in speculating for hoping, for guessing, for fear, for greed, for emotions. The tape tells… Read More »