In Bull Market every good news is used by market participants to push market higher and every bad news is met small correction which is used by dip buyers to buy more. When Mamata DIDI took her support off UPA we made a correction of 50 points and when Mulayam told he will give outside… Read More »
US FED Ben Bernake has opened another bazooka for Bulls with QE3. Indian Goverment unleashed slew of Reforms from Diesel Price Hike and FDI in Aviation and Multi Brand Retail so the wheels of government has started turning up. Nifty is poised to open with another gap up on Monday as SGX Nifty closed at… Read More »
Mario Draghi has opened Bazooka for Bulls with its new Bond buying program Outright Monetary Transactions(OMT). S&P hit 4 year high Nasdaq at 12 years high Gold moved to 1740 $ Euro at 1.28. The Financial market love one world in short term which is Liquidity and as a trader never fight the power of… Read More »
GAAR panel draft report came up yesterday and the changes proposed by Shome panel are market friendly. Read the report by clicking on the link. Fed chairman at Jack Holes did not disappointed the market by saying QE 3 on cards but did not announced at Jack’s Hole meeting. Read the Fed speech by clicking… Read More »
Nifty continued with its positive rise 4 week in a row with rise of 20 points WoW basis, gains were trimmed at the end of session. Next week, the market will be focused predominantly on the Jackson Hole Symposium which will start on Wednesday and end on Saturday. Fed’s Bernanke and ECB’s Draghi will be… Read More »
Nifty gained strength for the 3rd consecutive week as inflation hitting 32 month lows, but gave up gains due to disappointing export-import data, release of the controversial CAG reports in the parliament & rising crude prices which have crossed 115$ per barrel. According to CAG report, financial benefit accrued to private companies due to non-transparent allocation instead of auction of… Read More »
Nifty is defying that Gravity exists with each small dips is getting bought into(Well it goes with our analysis),but if you look at the internal of market Nifty is driven higher with few stocks namely HUL,ITC and RIL. Bharti Airtel and State Bank of India have broken down after results. So we have market rising… Read More »
World markets had a hell of ride last week, Am talking in particular of Spain,Italy and peripheral Europe market,For instance Spanish market were down 8% intraday after Mr Darghi spooked the financial market, on Friday Spanish market was up by 5% again so things are getting highly volatile. Euro as a currency made a swing… Read More »
July expiry closed with a loss of 106 points to June and August series started with a bang with Nifty making a high of 5149 but selling off in later half of session.Macro concerns regarding health of Indian economy and huge sell off in mid caps following margin funding problem lead to deterioration of sentiments.… Read More »
The Grind down continues, Nifty made a high of 5258 and low of 5169 a range of just 89 points from the whole week. Trading sideways market is the most difficult part as a trader, As every time it moves near the upper or lower band many traders buy or sell in anticipation of breakout… Read More »