Last Week Chopad Level of 6077 did triggered and Nifty almost did its 2 target on upside, Bulls were able to protect the 200 DMA on weekly basis and also closing Nifty above 6150. Next week GDP data will be released on February 28.The stock market will remain closed on Thursday on account of… Read More »
Last Week Chopad Level of 6102 did triggered and Nifty almost did its 2 target on downside, Bulls were able to protect the 200 DMA on weekly basis and also closing Nifty above 6000. Next week Vote-on-Account, or interim budget for 2014-2015, which the government will unveil during trading hours on Monday, 17 February 2014,… Read More »
FIIs sold 3542 contracts of Index Future worth 114 (1592 Long contracts were squared off and 1950 short contract were added ) with net Open Interest increasing by 358 contracts, so FII’s added shorts in index future before vote of account. Yesterday we had discussion Nifty is entering now in demand zone of 5970-5950 which… Read More »
FIIs bought 2729 contracts of Index Future worth 87 (4458 Long contracts were squared off and 7187 short contract were squared off ) with net Open Interest increasing by 2729 contracts, so FII’s squared off longs and shorts were squared off. Nifty inspite of good global cues is unable to close above the 38.2% retracement@6095 of… Read More »
Last Week Chopad Level of 6102 did not got triggered as Nifty opened gap down, Bulls were able to protect the 200 DMA on weekly basis and also closing Nifty above 6000. Next week will be very busy, and the scheduled events should contribute to the already growing market volatility. IIP for December on Wednesday,… Read More »
Last Week Chopad Level of 6207 got triggered on Monday with gap down and achieved almost 3 target on downside.Nifty corrected 328 points,in just six trading sessions as Both Fed and RBI governor disappointed market. Next week will be very busy, and the scheduled events should contribute to the already growing market volatility. ECB Rate… Read More »
FIIs sold 8899 contracts of Index Future worth 262 (14763 Longs were squared off and 5864 shorts were squared off) with net Open Interest decreasing by 20627 contracts, so FII’s squared off both longs and short in one session before expiry. January expiry will be an explosive one,SGX Nifty is trading down 84 points but… Read More »
Last Week Chopad Level of 6266 got triggered on Monday and achieved 1 target on upside.In the run up to the FOMC meeting on Jan 30, where QE3 is expected to be tapered by $10billion, global Equity and currency market have turned jittery. Also sharp decline in value of Argentine PESO by ~15% during the… Read More »
Last Week Chopad Level of 6183 got triggered on Monday and achieved all target on upside. Nifty Hourly Chart Nifty Hourly charts took support at 50 HSMA and bounced back, Holding range of 6241 nifty can bounce back to 6337 odd levels. Nifty Daily Chart Nifty again took support at 20 DMA as shown in… Read More »
FIIs bought 29672 contracts of Index Future worth 913.6 cores (15906 Longs were added and 13766 shorts were squared off ) with net Open Interest increasing by 2140 contracts, so FII’s are covering their shorts and added longs in index futures. As discussed in Weekly Analysis Nifty above 6183 Bulls will rule and have been… Read More »