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 »
Grind down continues, Nifty Future range for today is just 34 points. Today we had the lowest contract traded in 2012, trading activity has come to an stand still. This is not an Indian Market based phenomenon, its happening throughout the world. Nasdaq volumes are down 40%. So choppy markets are call for the… Read More »
Wishing All a Very Happy Independence day… Market rallied on 14 August wholesale price index (WPI) number, which shows a fall from 7.25 percent to 6.87 percent.Market rejoiced the number as it rekindled the hope of rate cut by RBI,but the devil lies in detail of the number July’s WPI inflation is down because… Read More »
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 »
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 »
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 »