Last week was roller coaster ride, Nifty closed at Life time Settlement high at 6131, But bad GDP data and Slide in Rupee spooked sentiment on street and Nifty closed with deep cut of 138 points, wiping of gains of 4 day in single session. OFS worth 15000 cores will be coming in Month of… Read More »
Last week was one of the most dramatic week in recent time with Sensex plunging 400 points on Monday and recovering and positing a spectacular 500 points rally and closing Market above 28 week high. Standard and Poor affirming India’s sovereign rating at BBB- and saying that there was one in three chance of a… Read More »
Nifty closed above 6100 first time in 2 years on the auspicious eve of Aksahy Tirtha , Developed markets are life time highs and nifty is also following suit. After RBI disappointment, Bulls were back on their feet and got the momentum back. Many traders are shorting the Nifty, thinking we cannot go further than… Read More »
Nifty touched 6000 first time since Feb month, RBI disappointed the street with just 25 BPS cut and hinting scope of further rate cut is limited. It has spoiled the bullish momentum on the Street. May month has started and Stock market well know adage “Sell in May and Go away”. So lets see how… Read More »
Next week 3 may we have our RBI policy, Expectation are high for rate cuts as Bank Nifty is up 1100 points in 8 trading days. If RBI disappoints the market we can see a corrective decline in market. As Nifty and Bank Nifty both have rallied before the event The market will take some… Read More »
As expected last week, Indian market gained on sharp decline in commodity prices, esp. that of crude oil, which fell less than $100 a barrel (Brent). Higher than expected decline in inflation for the month of March, 2013 to 5.96 percent also aided higher rate cut expectations in the market, which led to sharp rally… Read More »
FIIs bought 14142Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 407 cores with net Open Interest decreasing by 8148 contracts. FII continued with short covering today, but still no sign of fresh longs.Accepting Loss in trading Nifty After rallying for three consecutive trading sessions, the Nifty took a breather on Wednesday… Read More »
Infosys spoiled the Bullish sentiments on the Dalal Street, 2 days rally in nifty was snapped by Infy bad results and we are trading down sub 5500. Next week the Index Heavyweight Reliance will be coming out with results Tuesday post market hours and TCS on 17 April. Last week we gave Trend Deciding level… Read More »
Indian benchmark indices that have been precariously poised over the last two weeks began downward journey with persistent selling by FII’s. The Nifty has closed below the 5,600 level and the Sensex below 18,600, both below their 200 DMA ,Nifty ended down by 2.3% or 129 points WoW basis.Investors who bought shares with the hope… Read More »
Stock Market has a woobly roller coaster ride last week opening with a gap after Cyprus Drama came to an end, giving up gains after SP Supremo,Mulayam Singh threatened to withdraw support to the ruling coalition and finally gave an expected pullback on derivative expiry,Nifty ended up by 0.6% or 31 points WoW basis The first… Read More »