The Grind down continue, another low volume day with nifty going up in dying hours of trade on low volumes. Today’s total contract traded in Nifty is second lowest in 2012. Looking at FII derivative trade its seems they have lost interest in trading NF. Today’s moves can be reversed tomorrow as Nifty has gone… Read More »
1. FII sold 323 Contracts of NF ,worth 21.28 cores with net OI increasing by 7909 contracts. 2. As Nifty Future was down by 5 points and OI has increased by 7909 , FII have started shorting the index futures in small quantity.As FII average traded price comes at a weird number of 13179… Read More »
IIP data came in -1.8% worse than expectation,reminding us that Indian Macros are rotting. So now we have typical situation Major Brokerages are downgrading Indian GDP data, India twin deficit are increasing still markets have been rallying from 5033 Nifty. This question troubles many traders how come market go up when things are looking so… Read More »
“Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader.” Nifty has rallied from 5033 till 5393 without any correction and in straight line its not the first time its… Read More »
1. FII bought 30775 Contracts of NF ,worth 676.88 cores with net OI increasing by 36559 contracts. 2. As Nifty Future was up by 51 points and OI has increased by 36559 contracts means FII have added longs in Index Future, as NF has closed above the Rollover range of 5210. 3. NS closed at… Read More »
King of D-Street finally woke up from long slumber and fired 6% at a shot. I am talking about Reliance Industries. It broke above 751 and made a high of 789. RIL going in such a fashion after almost 3 years and give us some intuition of big moves coming in Nifty. This is still… Read More »
1. FII sold 14453 Contracts of NF ,worth 348 cores with net OI increasing by 5075 contracts. 2. As Nifty Future was down by 5 points and OI has increased by 5075 contracts means FII have done partial profit booking in longs still no evidence of shorts getting added at higher levels, as NF… Read More »
US Fed Disappointed, ECB disappointed Market Reaction after Draghi speech – http://bit.ly/OLjrY5. Draghi has asked the Spain to come with a formal bailout request and Spain Index IBX is down 8% from highs of day. EU is down between 2-3% from highs of the day. So what shall we expect out of Nifty, Will Nifty… Read More »
All Eyes on US Fed will he deliver another QE3 more liquidity to Financial markets or he just sit tight for situation to get worse. QE1 and QE 2 have done nothing till date What will QE3 do ? Readers views are invited. 1. FII sold 1048 Contracts of NF ,worth 59 cores with… Read More »
The trouble with most people is that they think with their hopes or fears or wishes rather than with their minds… Will Durant Hope is the buzzword on financial markets around the world ? Hope of more QE,Hope of action from ECB ,Hope of RBI cutting rates but as a traders HOPE is your worst… Read More »