Today we have all important credit policy day, decision on Rate cut will be taken and whether we have CRR cut or not will be clear by 11:45 AM. RBI was in action yesterday where it took qualitative measures to arrest the rise of rupee. Basically they have tried to remove the speculative element… Read More »
Nifty was down 3.8% during the week after the government lowered the full year Gross Domestic Product (GDP) growth target below 8% worst in past 4 years also acknowledged that meeting the fiscal target would also prove to be a challenge and it will get to atleast 5.4% instead of 4.5%. The deepening debt crisis… Read More »
Nifty had a rough ride yesterday which can be attributed to various reasons 1. Indian FM comments that Fiscal defcit is way out of control 2. Paralyses of Govt at Delhi with economic reforms coming to standstill 3. BJP now tested blood forcing govt to rollback the FDI in retail is now again not… Read More »
Below is my Interpretation of FII OI data Sheet for 07 Dec. Let me go by Disclaimer these Observation should not be used as Trade recommendation in NF 1. FII bought 20,044 Contracts in NF worth 539 Cores in Index Futures with Open Interest Increasing by 13804 contracts. 2. FII has added longs as… Read More »
Below is my Interpretation of FII OI data Sheet for 05 Dec. Let me go by Disclaimer these Observation should not be used as Trade recommendation in NF 1. FII sold 9107 Contracts in NF worth 216 Cores in Index Futures with Open Interest Increasing by 25487 contracts. 2. FII has booked profits… Read More »
A professional trader isolates himself from the herd and has trained himself to become a predator rather than a victim. He understands and recognizes principles that drive the markets and refuses to be mislead by good or bad news, tips, advice, brokers advice and well meaning friends. When the market is being shaken-out on bad… Read More »
Nifty was up 7.3% during the week after 4 weeks of consecutive loss taking cues from the global stock markets. Revival in foreign fund flows and bargain hunting at lower levels drove markets higher. It would be interesting to see how the next week pans out lets see how we are technically positioned for trade… Read More »
The central banks of Europe, the U.S., Britain, Canada, Japan and Switzerland eased banks’ access to dollars by reducing their borrowing rates. They were responding to fears that a European country will default, touching off a credit crunch similar to what followed the 2008 collapse of Lehman Brothers. Borrowing rates for European nations have skyrocketed… Read More »
BEIJING: China’s central bank cut the reserve requirement ratio for its banks on Wednesday for the first time in nearly three years to ease credit strains and shore up activity in the world’s second-largest economy. The 50-basis-point cut in the reserve ratio showed China’s monetary policy has swung into easing mode as economic growth slows… Read More »
Your trades must be based on clearly defined rules. You have to analyze your feelings as you trade, to make sure that your decisions are intellectually sound. You have to structure your money management so that no string of losses can kick you out of the game. Nifty Daily On daily chart Nifty showed… Read More »