PMI data Purchasing Manufacturing Index was released for European countries and India Summing the data Indicates 80% Of The World Is Now In Contraction. Chinese stock market last week made 3 year low, as i always say stock market discounts news well in advance and on Sunday we got the news Chinese PMI contracted first… Read More »
Despite the policy paralysis and slowdown in the economy, FIIs have invested their highest ever amount on a year-to-date basis in 2012. According to a report by BNP Paribas titled ‘Solving the FII riddle’ authored by Manish Raychaudhuri and Gautam Mehta net FII investments till early August 2012 in the country stood at $10.7 billion.… Read More »
“Even if the GDP growth number is at 5.5 percent – much above the market expectations, there is no doubt that the country has fallen into a low growth trap due to a continuing fall in fresh investments. The combination of high growth in construction activity and low growth in manufacturing is worrisome from the… 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 »
We have discussed 2 days before traders in pain will be subjected to more pain.So this is how mass psychology plays out and can help in adding an additional edge to your trades. But never blindly trades based on mass psychology stop losses are must for each and every trade. 1. FII bought 35146 Contracts… Read More »
Everyone was talking about 5600 Market is back below 5300. This is what mass psychology is all about. Market always move in path of least resistance and path of least resistance looking at bullish environment created was on downside. Hence we have results in front of our eyes. 1. FII sold 2041 Contracts of Index… Read More »
1. FII bought 13648 Contracts of Index Future,worth 384 cores with net OI increasing by 13010 contracts. 2. As Nifty Future was down by 40 points and OI has increased by 13010, FII are booking profits in longs. No shorts have been created as per data analyzed. 3. NS closed at 5350 after making the… Read More »
1. FII bought 5547 Contracts of Index Future ,worth 147 cores with net OI increasing by 8549 contracts. 2. As Nifty Future was down by 25 points and OI has increased by 8549, FII are booking profits in longs. No shorts have been created as per data analyzed. 3. NS closed at 5386 after making… 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 has rallied 3.8% in August Series, many analyst including me have pointed out the dismal volume we are seeing,but it should not deter trades to take long calls reasong being Low volume is reason to doubt the strength of the rally, but you buy bread with realized gains, not doubts or durability.Volumes are low… Read More »