Technical correction is in place giving the breathing space to indicator and cooling off the steam of stocks. Consolidation before the next rally will help market to break the swing high of 5652 and march towards 5740. Expiry is just 5 days away with 51 F&O Stocks moving out so trade these stocks very cautiously.… Read More »
RBI cut the CRR by 25 BPS and kept repo and reverse repo rates unchanged. 17000 Cores added more to the banking system,but will it trigger rate cut by banks?Read RBI view on Indian Economy Nifty as discussed in Weekly analysis reacted from 5648,Nifty has moved too fast and furious so next move shall be… Read More »
Bulls are having a great time with Support from Central Bankers. First it was ECB with unlimited Bond Buying now its US Fed who has started QE 3 *FED TO KEEP POLICY STIMULATIVE FOR `CONSIDERABLE TIME’ *FED WILL ADD TO PURCHASES IF LABOR MARKET DOESN’T IMPROVE *FED DOES NOT SAY WHEN MBS PURCHASE PROGRAM TO… Read More »
Nifty Future made a fresh September series high today at 5453. IIP data came at 0.1 which is as per market expectation. Another important Global event German Court gave in favour of using ESM and Germany Can Ratify ESM Fund With Conditions so nothing is stopping Bulls. Always remember hot money chase the momentum and… Read More »
Nifty Future made a fresh September series high today at 5409. We have important events lined up in next 3 days so trade with caution as volatlity will be name of the game. IIP data will come tomorrow at 11 Am German Court decision on whther ESM is part of EU treaty or not will… Read More »
1. FII sold 19129 Contracts of Index Future,worth 470.22 cores with net OI decreasing by 33359 contracts. 2. As Nifty Future was down by 8 points and OI has decreased by 33359,FII have booked profit at higher levels today in Nifty and Bank Nifty Futures. 3. NS closed at 5363 above the 61.8% retracement… Read More »
Nifty made a weekly close above 5350 with huge shorts covering coming by FII. Read more on Weekly Analysis on Nifty 1. FII bought 25718 Contracts of Index Future,worth 651.86 cores with net OI increasing by 31200 contracts. 2. As Nifty Future was up by 98 points and OI has increased by 31200,FII covered shorts… Read More »
Mario Draghi has delivered the Bazooka for Bulls by saying the below points in his press conference. EU Market are roaring with US markets also climbing as ADP Jobs At 5-Month High ECB HAS DECIDED ON MODALITY FOR BOND PURCHASES IN SECONDARY MARKET DRAGHI SAYS PURCHASES WILL ADDRESS DISTORTIONS IN BOND MARKETS DRAGHI SAYS ECB… Read More »
1. FII sold 13298 Contracts of Index Future,worth 317.46 cores with net OI decreasing by 27718 contracts. 2. As Nifty Future was up by 16.50 points and OI has decreased by 27718,so profit booking happened on longs carried by FII in August Series.So FII have been reducing the long exposure in Index future and… Read More »
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 »