Bulls are having a great time with Support from Central Bankers Fed and ECB. Now Bulls got another booster from Indian Government with slew of reforms they have announced on Friday Evening,notable among them are FDI in Multi brand Retail FDI in Aviation SGX Nifty trading at 5655 another Gap up on its way… Read More »
Bulls are having a great time with Support from Central Bankers. First it was ECB with unlimited Bond Buying now its US Fed who has started QE 3 *FED TO KEEP POLICY STIMULATIVE FOR `CONSIDERABLE TIME’ *FED WILL ADD TO PURCHASES IF LABOR MARKET DOESN’T IMPROVE *FED DOES NOT SAY WHEN MBS PURCHASE PROGRAM TO… Read More »
Nifty Future made a fresh September series high today at 5409. We have important events lined up in next 3 days so trade with caution as volatlity will be name of the game. IIP data will come tomorrow at 11 Am German Court decision on whther ESM is part of EU treaty or not will… Read More »
1. FII sold 19129 Contracts of Index Future,worth 470.22 cores with net OI decreasing by 33359 contracts. 2. As Nifty Future was down by 8 points and OI has decreased by 33359,FII have booked profit at higher levels today in Nifty and Bank Nifty Futures. 3. NS closed at 5363 above the 61.8% retracement… Read More »
Nifty made a weekly close above 5350 with huge shorts covering coming by FII. Read more on Weekly Analysis on Nifty 1. FII bought 25718 Contracts of Index Future,worth 651.86 cores with net OI increasing by 31200 contracts. 2. As Nifty Future was up by 98 points and OI has increased by 31200,FII covered shorts… Read More »
Mario Draghi has delivered the Bazooka for Bulls by saying the below points in his press conference. EU Market are roaring with US markets also climbing as ADP Jobs At 5-Month High ECB HAS DECIDED ON MODALITY FOR BOND PURCHASES IN SECONDARY MARKET DRAGHI SAYS PURCHASES WILL ADDRESS DISTORTIONS IN BOND MARKETS DRAGHI SAYS ECB… Read More »
1. FII sold 13298 Contracts of Index Future,worth 317.46 cores with net OI decreasing by 27718 contracts. 2. As Nifty Future was up by 16.50 points and OI has decreased by 27718,so profit booking happened on longs carried by FII in August Series.So FII have been reducing the long exposure in Index future and… Read More »
PMI data Purchasing Manufacturing Index was released for European countries and India Summing the data Indicates 80% Of The World Is Now In Contraction. Chinese stock market last week made 3 year low, as i always say stock market discounts news well in advance and on Sunday we got the news Chinese PMI contracted first… Read More »
Despite the policy paralysis and slowdown in the economy, FIIs have invested their highest ever amount on a year-to-date basis in 2012. According to a report by BNP Paribas titled ‘Solving the FII riddle’ authored by Manish Raychaudhuri and Gautam Mehta net FII investments till early August 2012 in the country stood at $10.7 billion.… Read More »
“Even if the GDP growth number is at 5.5 percent – much above the market expectations, there is no doubt that the country has fallen into a low growth trap due to a continuing fall in fresh investments. The combination of high growth in construction activity and low growth in manufacturing is worrisome from the… Read More »