The Grinding down continues,Nifty Opens trades in narrow range in better half of the day and some range expansion is seen in the last hour of the day. Ranges are quiet small such consolidation are precursor for directional trending moves ahead. Trade in less quantity and wait for market to show the direction. … Read More »
Infy did it again continued with its trend of below expectation results and market butchered the stock with a cut of 9%, We already discussed the technical on Infy and TCS which again proved the supremacy of technical analysis.TCS came with a good set of numbers and tomorrow expect fireworks in the counter 1295 is… Read More »
1. FII sold 4964 Contracts of NF ,worth 207 cores with net OI increasing by 19468 contracts. 2. As Nifty Future was up by 70 points and OI has increased by 19468 contracts means FII have initiated fresh longs in Index futures. 3. Nifty is still Buy on Dip till 5260 is not broken… Read More »
IMF crisis fund swells to 6bn as BRIC nations pledge cash.India Donates 10 Billion USD and China Donated 43 Billion USD, Indian is running a Current and Fiscal Account Deficit and China is unable to revive its economy but donating money to IMF. This kind of political mockery by China and India should be… Read More »
RBI did the right thing by not reducing the rates but so much expectation was built in so we had a 100 points collapse in NF in 10 mins, Also i did mention is last analysis do not take position in Opening trades as pressure will come from people holding longs. Still the trend is… Read More »
1. FII bought 8562 Contracts of NF ,worth 197 cores. 2. As Nifty Future was up up by 93 points and OI has increased by 24604 contracts means FII have created fresh longs in Index futures. 3. Nifty made a high of 5146 and closed above both 200 DMA@5070 and 50 DMA@5072, which is… Read More »
Till now nsesite has not update the FII data must be some technical issue,So am unable to post the FII Data . Today the all Important Inflation data for May month was released, inflation inched upto 7.55% and Core Inflation to 4.99%. The another shocker was The March inflation figure has been revised upward sharply… Read More »
1. FII bought 43618 Contracts of NF ,worth 1076 cores. Highest Buy by FII in June series before the crucial inflation data. 2. As Nifty Future was up down by 3 points and OI has increased by 26004 contracts means FII have created fresh longs in Index futures. 3. Nifty made a high of … Read More »
1. FII bought 93 Contracts of NF ,OI increased by 20735.FII have created again longs in Index future. 2. As Nifty Future was up by 74 points and OI has increased by 20735 contracts means FII have created fresh longs in Index futures. 3. Nifty made a high of 5129 and closed above both… Read More »
2 Important events took place today which a trader can write down in his trading journal as Prices will always have memory and will be helpful for future trades 1. Throwing Money at market cannot solve economic problems when the underlying fundamentals are not taken care off. Span got 100 Billion Dollar bailout and Financial… Read More »