The September series is expected to begin on a better note as the underlying open interest in the market is on the lower side.The markets are surging from its opening levels on account of buying coming in auto, realty and pharma stocks.Earlier in the US markets,after stumbling out of the gate, the blue-chip averages made a few concerted efforts to build onto Wednesday's sizable advance, but the absence of leadership from the heavily weighted Financial sector (-1.1%), and not enough momentum in Tech (+0.4%), eventually led to a mixed session.Also,Stocks struggled Thursday as investors mulled strong economic growth in the second quarter and more problems in the credit market, ahead of a key speech from Federal Reserve chairman Ben Bernanke, expected Friday.
F&O cues: Marketwide rollover at 82.3% Nifty rollover at 70% Nifty Sep Futures at 59-point discount Nifty Futures add 38 lakh shares in total Open Interest 190 out of 195 stocks see over 60% rollover 181 out of 195 stocks see over 70% rollover 122 out of 195 stocks see over 80% rollover 30 stocks see over 90% rollover
What happens on Friday in the US will play a major role in shaping our markets. We believe that anyone expecting a clear-cut signal on the Fed's next move is thinking way ahead. Also, there won't be a Q&A session afterward so the Fed Chairman won't be able to be pressed on policy matters.
We will be back by mid trading session for free intra day tips and more market insight. Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.
Bulls all the way!
Thursday, August 30, 2007
The Bulls have the upper hand at least for the time being.
Free Intra Day tips at 2:45 pm :
Buy Reliance Ind. futures 1912-1916 . Stop Loss 1905.Target 1930. Buy Hindalco Futures 157-157.5 Stop Loss 155.5.Target 160.
These are strict day trading recommendations for the last 45 minutes of trade. Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.
Markets Bullish !
The Indian markets have opened in the green and after yesterday's breakout rally, the markets look fine at least for today.Broad based buying was witnessed in the opening trade today and the market breadth was impressive with good volume. Earlier in the US markets, In stark contrast to Tuesday's sharp sell-off, the major averages bounced back in noticeable fashion Wednesday as a sense that stocks were oversold helped investors recoup almost all of Tuesday's losses and close at session highs.Stocks surged erasing the previous day's losses, as investors took a big drop in the yen and encouraging comments from the chairman of the Federal Reserve as signs that the recent market turmoil is waning. Also the all the Asian Indices are trading higher with Hang Seng and Nikkei leading the way.Oil prices rose 2.5% to $73.51/bbl following much larger than expected declines in weekly crude and gasoline supplies.
F&O cues: Futures Open Interest up by Rs 2,837 crore Options Open Interest up by Rs 651 crore Marketwide rollover at 64.7% Vs 60% last time Nifty rollover at 64% Vs 61% last time Nifty Aug Futures shed 41 lakh shares in Open Interest Nifty Sep futures add 88 lakh shares in Open Interest Nifty Aug at 6-point premium, Sep at 32-point discount Nifty Open Int Put-Call ratio at 1.30 Vs 1.26 Nifty Puts add 13.3 lakh shares in Open Interest Nifty Calls add 2 lakh shares in Open Interest
Technically, the support for the Sensex is at 14897 and the resistance to the up move at 15147 where as in Nifty the support for the Nifty is at 4320 and resistance to the up move at 4401. We will be back by mid trading session for free intra day tips and more market insight. Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.
Its a traders delight !
Wednesday, August 29, 2007
The markets gave have given the bears a run for their money.As we told earlier that today only a long position is justified was proved right with the rally in the stocks.Some profit booking might happen in the last half hour of trade but we expect the market to be close to 4400 in the end of august series i.e on Thursday.One important cue in the Indian market is that there was institutional flows coming into the markets in the last two or three days. That space has to be carefully watched. Be with the flow of the markets as Gap up and Gap down opening's erode the profits. We are not advising for the September series right now.Caution is the name for the day once again. Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service
Markets down !
As Expected the markets opened with a gap down due to the global cues. Although,the indian markets have pulled back smartly from its day's low. Indian markets have been best performing market in Asian region. Most of the Asian markets got hit severely on weak cues from US markets. Our ViewPoint on the Wall street on August 26 was justified with last night's developments. Earlier in the US markets, Stocks opened lower on Tuesday and continued to worsen throughout the day before closing at session lows as investors found a plethora of reasons to keep questioning the sustainability of gains that recently helped the stock market log its best weekly performance in months.Also,Stocks got battered during the day after the minutes from the last Federal Reserve policy meeting failed to reassure investors worried about weak housing, consumer confidence reports and ongoing credit and mortgage market woes.There has been a sea of red around us but somehow we tend to stick our neck out sometimes these days but than again wilt under pressure.It could be one of those days. Mantra for the day :Think of going long only now but be opportunistic.Patience is a virtue so don't jump into trades.One will get good buying opportunities. F&O cues: Marketwide rollover at 47% Nifty rollover at 49% Futures Open Interest up by Rs 1,440 crore Options Open Interest up by Rs 531 crore Nifty Aug Futures shed 43 lakh shares in Open Interest Nifty Sep Futures add 58 lakh shares in Open Interest Nifty Aug at 17-point discount Nifty Sep at 44-point discount Nifty Open Interest Put-Call ratio at 1.26 Vs 1.24 Nifty Puts add 10.4 lakh shares in Open Interest Nifty Calls add 4.4 lakh shares in Open Interest
We will be back by mid trading session for free intra day tips and more market insight. Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.
Markets Flat with a negative bias !
Tuesday, August 28, 2007
Well yesterday was a huge rally , much to our surprise considering the uncertainty in the political scenario as well as with global sub prime issues.Earlier in the US Markets , Stocks slipped Monday after a disappointing existing home sales report revived worries about the mortgage and credit markets. After rallying more than 1.2% on Friday and turning in their best weekly performances in several months, it wasn't surprising to see the major averages succumb to some profit taking.Yesterday's only scheduled economic report showing no signs of a recovery in the troubled housing market also contributed to today's widespread consolidation. In contrast to Friday's surprisingly strong gain in new home sales, existing home sales fell 0.2% in July to 5.75 mln (consensus 5.70 mln), the lowest level of sales in five years.Investors are now hoping that the Federal Reserve will cut a key short-term interest rate, one that affects consumer loans- at its policy meeting next month. The central bank already cut the discount rate, which affects bank loans.But after last week's big run, stock investors were more cautious Monday, particularly amid continued signs that the recent buyout boom could be waning.Investors are now hoping that the Federal Reserve will cut a key short-term interest rate -- one that affects consumer loans -- at its policy meeting next month. The central bank already cut the discount rate, which affects bank loans. But after last week's big run, stock investors were more cautious Monday, particularly amid continued signs that the recent buyout boom could be waning.Asian Indices are also a mixed after over night'sdevelopments.
F&O cues Futures Open Interest up by Rs 1,091 crore Options Open Interest up by Rs 347 crore Marketwide rollover at 33.3% Nifty rollover at 35.8% Nifty Aug Futures shed 55 lakh shares in Open Interest Nifty Sep Futures add 37 lakh shares in Open Interest Nifty Open Interest Put-Call ratio at 1.24 Vs 1.17 Nifty Puts add 13 lakh shares in Open Interest Nifty Calls shed 2 lakh shares in Open Interest We will be back by mid trading session for free intra day tips and more market insight. Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.
GAP up opening !
Monday, August 27, 2007
As expected , there are was big 200 point gap up opening on the Indianbourses.Asian indices are also trading in the green. Although the DOW,NASDAQ and S&P futures are down. F&O cues: Market wide rollover at 21% Nifty rollover at 24% Futures Open Interest up by Rs 2,326 crore Options Open Interest up by Rs 198 crore Nifty Aug Futures shed 2 lakh shares in Open Interest Nifty Sep Futures add 17 lakh shares in Open Interest Nifty Aug at 12-point, Sep at 28-point discount Nifty Open Interest Put-Call ratio at 1.17 Vs 1.14 There is still a lot of uncertainty in the markets.We advise not to go long as trends are not clear.Even though that would mean missing out on opportunities if a strong rally happens. We will be back by mid trading session for free intra day tips and more market insight. Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.
OUR Viewpoint on Wall Street!
Sunday, August 26, 2007
There is no denial that our markets are US markets followers nowadays.And that to an extent is right also as we are not secular from a global perspective.So we wanted to update our investors with a bit of information on the US markets which we feel would be beneficial. We feel that its going to be a rocky ride to newer highs if there is any in the short term.Wall Street is heading for another volatile week but the bulls could get a further impetus if the fed continues its dose of money flows into the system.Also the fed discount rate cut hype has to sustain in order to make the markets reach newer highs.The coming week has a slew of economic indicators, including July existing home sales and preliminary figures on second-quarter gross domestic product, which should shed more light on the economy's health.SO KEEPA WATCH.In our opinion the sub prime issue is far from over as in a clear sign that the credit crunch is still affecting the nation's largest financial institutions, the Federal Reserve agreed this week to bend key banking regulations to help out Citigroup and bank of America, according to documents posted Friday on the Fed's Website.This unusual move by the Fed shows that the largest Wall Street firms are continuing to have problems funding operations during the current market difficulties.Since the investors are still uncertain about the extent of the impact of the faltering housing market and losses from sub prime mortgages, the US markets may take even a average news as a good news showing that the economy is capable of coping the real estate issues albeit with hiccups along the way. We will be back by mid trading session for free intra day tips and more market insight. Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.
US Market Update !
It's a stretch to say things were back to normal this week, but there was no denying that the market tone was much improved.Negative headlines on the sub prime exposure - and there were plenty of them - came and went without unraveling the market. Meanwhile, T-bill rates pushed higher again, providing a tacit signal that fears about a liquidity crisis have eased in the wake of the Fed cutting its discount rate. Friday's action ended the week on a high note as the market rallied in a broad-based manner, aided by better than expected economic data, better than expected earnings results from several retailers, and speculation that a buyout deal might be in the offing within the battered investment banking group. If there was one shortcoming to Friday's rally, it was that it occurred on light volume. NYSE volume was just below 1.2 billion shares. Today's total suggests there wasn't a lot of conviction behind the buying efforts. Nonetheless, investors who are long the market will take higher stock prices any way they can get them. Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.
Markets rangebound !
Friday, August 24, 2007
Indian Markets are trading range bound after trading nearly 120 points in the green.Stocks have come down from their earlier highs in the opening trade. Earlier in the US markets,With the Dow, S&P 500, and Nasdaq up 2.9%, 4.1%, and 3.8%, respectively, one week after officially marking the long-awaited market correction, it wasn't surprising to see stocks take a breather Thursday.So much for the bulls trying to get buying momentum back on track as the market's knack for selling into strength erases an hour's worth of recovery efforts. One aspect of today's breather that's worth noting is the lack of conviction on the part of sellers' efforts to take some money off the table.The Asian Indices are also trading in the negative coupled with political uncertainty , it is no surprise that the markets are lacking direction.
F&O cues: Stock Futures shed 5.2 cr shares in Open Interest Marketwide rollover at 16%, Nifty rollover at 21% Futures Open Interest down by Rs 2,314 crore Options Open Interest up by Rs 674 crore Nifty Aug Futures shed 24 lakh shares in Open Interest Nifty Sep Futures add 15 lakh shares in Open Interest Nifty Aug at 13-pt discount, Sep at 32-pt discount Nifty Open Interest Put-Call ratio at 1.14 vs 1.17
Technically , the support for the Nifty is at 4100 than at 4085.Breaching these , we could see a selling pressure and the nifty reaching its 200 day DMA average of 4050 which would be the strongest support area.
MANTRA for the day : As its the last trading day of the week and the August series ends next week, don't go long. Short at sudden surges and book small profits.
We will be back by mid trading session for free intra day tips and more market insight. Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.
Markets surge !
Thursday, August 23, 2007
The markets have maintained its opening gains and is going strong with cement in the forefront. All the BSE indices were trading strong in green.Earlier ,the US stocks rallied Wednesday, building on the recent recovery, as takeover talk and bets that the Federal Reserve will cut interest rates next month cooled worries about the impact of the tightening credit market on equities and the economy.The Asian indices are also trading in a lot of green.As there is still a lot of skepticism in the markets , stock specific or sector specific stories will prevail.
F&O cues: NSE F&O Open Interest down by Rs 271 crore at Rs 82,283 crore Futures Open Interest down by Rs 175 crore Options Open Interest down by Rs 96 crore Nifty Futures shed 23 lakh shares in Open Interest Nifty Open Interest Put-Call ratio unchanged at 1.16 Nifty Puts add marginal OI, Calls shed marginal Open Interest We will be back by mid trading session for free intra day tips and more market insight. Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.
Nifty Futures Target Achieved !
Wednesday, August 22, 2007
Our Both targets for Nifty Futures has been achieved. Investors with high risk appetite can hold by putting the stop loss to the the second target price i.e 4120 as the futures are well above our target price while others can book profits. Our Recommendation is not to go long on Nifty as of now. Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.
Markets make Unconvincing early gains !
The Indian markets are doing what we see often , a bout of panic selling making the small investor run away and than a quick bounceback to make fresh positions.The markets are still edgy and these gains don't look convincing.Earlier in the US markets ,the major averages finished in split fashion as investors juggled mixed perspectives about lingering credit concerns, M&A speculation, and plunging oil prices.Overall, though, such a relatively flat performance in the face of some news items that would have roiled stocks in recent weeks was an encouraging sign that suggests the market is stabilizing after the subprime fallout. Stocks stumbled out of the gate as the bulk of buyers again flocked to Treasuries as the Fed saying it added more reserves via overnight repos left participants struggling to grasp the extensiveness of the credit turmoil. The yield on the 10-year note at its morning lows near 4.56% was more than 60 basis points higher than the 2-year yield. That is the widest spread since May 2005.Fortunately for the bulls, a steeper yield curve bodes well for the rate-sensitive Financial sector, Throw in a 2.3% drop in oil prices, which closed below the psychologically important $70/bbl mark for the first time since June, and the Energy sector was really the market's only casualty on what was finally a day of minimal volatility. which is the most heavily weighted of all 10 economic sectors. Asia is a mixed bag once again.Coming back to Indian markets , we think it needs some political assurance on the N-Deal and no negative global cues to stabilise.
F&O cues: Futures Open Interest down by Rs 2,394 crore Options Open Interest up by Rs 502 crores Nifty Futures shed 4 lakh shares in Open Interest Stock Futures shed 1.47 cr shares in Open Interest Nifty Open Interest Put-Call ratio at 1.16 Vs 1.19 Nifty Puts add 2.3 lakh shares in Open Interest Nifty Calls add 8 lakh shares in Open Interest
We will be back by mid trading session for free intra day tips and more market insight. Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.
Markets in deep Red !
Tuesday, August 21, 2007
So the markets have finally succumbed to the political as well as global pressures.That gives an oppurtunity to make money from the panic selling.
Free Intra Day tip : Buy Nifty Futures 4050-4055. Stop Loss 4024.Target1 4097.Target2 4120.
We will be back by mid trading session for free intra day tips and more market insight. Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.
Markets Flat !
The Indian bourses are trading flat with a negative bias as of now.Earlier, After trading relatively unchanged all morning, and then languishing in negative territory throughout much of the afternoon as renewed credit concerns fostered a more risk-averse mindset among investors, the US stock markets rallied back late in the day but only enough to close the major averages mixed.Also the Asian indices are a mixed bag with HengSeng and Nikkei being the outperformers.
F&O cues: Futures Open Interest down by Rs 1,678 crore Options Open Interest up by Rs 118 crore Nifty Futures shed 59.5 lakh shares in Open Interest Stock Futures shed 2.1 cr shares in Open Interest Nifty Futures discount at 2.5 points vs 17 points Nifty Open Interest Put-Call ratio at 1.19 Vs 1.22 yesterday Nifty Implied Volatility at 33-35% levels
Indeed , there was a huge amount of short covering / buying in the Nifty Futures but the political uncertainty will prevail in the coming days. We will be back by mid trading session for free intra day tips and more market insight.
Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.
Uncertainty Still Prevails !
Monday, August 20, 2007
So the Indian Markets ended in green although well off from the morning high's.We underperformed the Asian Indices largely due to the political uncertainty but not entirely. The Sub prime problems are not over yet.The US Fed's discount rate count gave the markets a breather but whether it had enough impetus to shake off the credit blues is yet to be seen.Sensex was up 286.03 points or 2.02% at 14427.55, and the Nifty up 101.00 points or 2.46% at 4209.05.We still feel that there is some pain still left in the markets even though,there was a huge amount of short covering seen in the markets today.As we write this, the US markets have started to see some red.
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Target Achieved !
Our First Target for Nifty Futures has been achieved. Investors with high risk appetite can hold by putting the stop loss to the trading price while others can book profits.
Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.
Markets holding on to the gains!
The markets are trading firm at the higher levels tracking the uptrend in global equity markets. Sensex is holding its gains of 390 points and Nifty is up nearly 120 points.Nikkie is up over 3%, Taiwan, Hang Seng, Kospi are up 5% each. European markets have opened in green. CAC, FTSE, DAX are up nearly 0.5%. Banks and metals have snapped back in style. Out performance has come in from heavyweights. Nifty futures discount has narrowed to 2 points.
MANTRA FOR THE DAY ! DON'T CARRY YOUR TRADE for the following day !
Free INTRA DAY TIP AT 1:35 pm. Short sell Nifty Futures 4225-4230 . Stop Loss 4250. Target1 4200.Target2 4165.
Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.
Markets to open with a gap up !
The Indian markets are set to open with a huge gap due to the US FED cutting discount rates by 50 bps. DON'T TRADE IN THE FIRST 15 MINUTES.Its going to be a knee jerk reaction and a bit of short covering early in the market and than things will cool a bit.The Asian indices are trading in the a lot of green and we will definitely follow them. The US markets will again be a key as we have seen that we are not a secular market like shanghai.All is not over yet but yes , the worst may be over.
We will be back by mid trading session for free intra day tips and more market insight. Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.
Fed cuts discount rates by 50 bps !
The US Stock Markets rallied Friday after a surprise move by the Fed to cut its discount rate in an effort to ease fears about a liquidity crisis leading to a credit crunch. Although the Fed left the fed funds rate unchanged, the decision to cut the discount rate, and the reasoning from the Fed for doing so, was seen by many as laying the groundwork for a cut in the fed funds rate sometime soon. The S&P 500 vaulted back into positive territory for the year. After closing lower over the last six straight sessions, the Dow and Nasdaq snapped their losing streaks. Although today's relief rally was significant and reduces downside risk, the major averages did not garner enough of a surge to finish with weekly gains. With the growing realization that liquidity was not getting to where it was needed, despite several sizable Fed infusions into the banking system, the Fed unexpectedly and unanimously cut the discount rate by 50 basis points, to 5.75% from 6.25%. Policy makers said "market conditions have deteriorated" and "downside risks have increased appreciably" since the last FOMC meeting on August 7. The Fed's actions and comments helped alleviate the worst of fears that liquidity problems will turn into a full-fledged credit crunch. Importantly, by using the discount rate as a policy tool at this point, it kept the Fed's credibility intact as the action doesn't appear inconsistent with recent policy statements dealing with the fed funds rate that emphasize concerns about inflation. However, the Fed's comments did suggest a cut in the fed funds rate is possible.
Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.
Correction Continues !
Friday, August 17, 2007
After going more than four years without a market correction of 10%, the Dow, S&P 500, and Nasdaq all endured large enough losses intraday to make such a scenario become a reality. However, a huge short covering rally in the S&P 500's most heavily weighted sector -- Financials -- triggered a significant broad market advance in the final hour of trading. At their lows, the Dow, S&P 500, and Nasdaq were down 2.7%, 2.6%, and 2.9%, respectively. The sharp losses followed an alarming announcement from Countrywide Financial (CFC 20.18, -1.11) that it had tapped the entirety of its $11.5 billion credit line to deal with short-term funding issues. Stocks, however, garnered momentum late in the day and staged one of the biggest market turnarounds in recent memory. All three major indices closed above their "corrective" lows. The S&P 500 eked out a small gain while the Dow and Nasdaq closed modestly lower. Fears of a global liquidity crunch, which prompted carry-trade unwinds that sent the yen surging the most against the dollar since 1998, were among several issues plaguing stocks right out of the gate.
The support for the Sensex is at 14093-13675 and the resistance to the up move at 14510. The support for the Nifty is at 3972 and resistance to the up move at 4220.We are still not advising a long position as still uncertainty prevails with the Asian Markets still deep in the red.
F&O cues: Futures Open Interest up by Rs 91 crore Options Open Interest up Rs 630 crore Nifty Aug Futures shed 4 lakh shares in Open Interest Nifty Aug Futures discount at 23.5 points Nifty Open Interest Put-Call ratio at 1.29 Vs 1.28 on Monday
Market cues: FIIs net sell USD 128.70 mn in equity on Aug 13 MFs net buy Rs 22.80 crore in equity on Aug 13 NSE F&O Open Interest up by Rs 721 crore at Rs 85540 crore
We will be back by mid trading session for free intra day tips and more market insight. Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.
ALL WORLD INDICES TANK !
Thursday, August 16, 2007
As predicted , the US markets ended deep in red for the second consecutive day and the Asian indices followed suit with even deeper cut.Markets will definitely open with a gap down and are expected to have a further slide in the first hour. Skip the first half an hour of trade.Techincally, The support for the Sensex is at 14475 and the resistance to the up move at 15062.The support for the Nifty is at 4155 and resistance to the up move at 4395.
F&O Cues : Futures Open Interest up by Rs 946 crore Options Open Interest up by Rs 155 crore Nifty Aug Futures shed 2 lakh shares in Open Interest Nifty Sep Futures add 1.45 lkshrs in Open Interest Nifty Futures discount narrows to 18 points Nifty Open Interest Put-Call ratio at 1.28 Vs 1.31 on Friday
Market Cues : FIIs net sell USD 101 mn in equity on Aug 10 MFs net sell Rs 169.80 crore in equity on Aug 10 NSE F&O Open Interest up by Rs 1,101 crore at Rs 84,819 crore
Investors who were short earlier can look to book profits. We will be back by mid trading session for free intra day tips and more market insight. Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.
US Markets Weak!
Wednesday, August 15, 2007
The US markets are trading weak as we write this even though they are in the positive territory.CBOE volatility has risen to 30% which is a negative sign.Its going to be really volatile in the last hour of trade.So much for the bulls trying to shake out another batch of short sellers as their efforts are met with an equally impressive wave of consolidation. The market's knack for selling into strength has been a running theme for weeks now and, as evidenced by the market's latest roller coaster rise, today has been no exception. The Dow came within five points of turning negative. DOW JONES +8.17 NASDAQ +5.87 US markets ending in red could really spark a gap down opening in the Indian markets. We will be back in the morning.
Technical Problems !
There were some technical problems on our DNS so the site could not be updated But we were able to put our viewpoint and tips to our subscribers. We are working on our new website to give our members a richer experience.
Markets Panicky!
Thursday, August 9, 2007
Markets getting bearish on BNPparidas freezing 3 FII's account , volatile markets. Short sell recommended but don't go long.
US Markets on a high!
Wednesday, August 8, 2007
The US markets ended in the green with hefty gains. As with Yesterday's markets in India , the US markets also had one Mantra: "Onward and upward ".Renewed enthusiasm for stocks across the board continues to blindside those on the wrong side of the tape of late and sending them running for cover.Plenty of short covering was seen in the Nifty futures also.The Indian Bourses opened with a lot of green.There has to be a sustained consolidation in the 4435-4550 to to see newer highs coupled with good global cues.
F&O Cues : Futures Open Interest up by Rs 428 crore despite cut in Nifty Futures Open Interest Stock Futures add Open Interest with surge in prices Options Open Interest down Rs 88 cr Nifty Futures shed 24 lakh shares in Open Interest Nifty Futures at 24-point discount Stock Futures add 1.77 cr shares in Open Interest
HOT TIP : Buy AurobindoPharma for medium term in Cash. Carry over our earlier call for Aurobindo.
Intra Day tip : Buy SBI futures 1715-1719.Stop Loss 1695.Target1 1740.Target2 1757.
We will be back by mid trading session for free intra day tips and more market insight. Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.
IT stocks all the way!
The markets have opened with tremendous gap especially due to the surge on IT stocks Worth the restriction on ECB norms. The new norms state that a company can raise up to USD 20 million through the ECB route after getting RBI's approval. But ECB's over USD 20 million can only be spent overseas.This area has to be closely watched as it can lead to a reduction of dollar inflows to India.
F&O cues: Futures Open Interes up by Rs 1,097 crore Nifty Futures add 5.4 lakh shares in Open Interest Nifty Futures at 39-point discount Nifty Open Interest Put-Call ratio at 1.32 Vs 1.36
Per usual, all eyes were anxiously fixed on today's FOMC meeting; and, as expected, policy makers left rates unchanged at 5.25% for a ninth straight time. What wasn't a foregone conclusion, though, was whether the Fed would acknowledge the credit risks that have roiled financial markets of late. Initially, a statement that showed far less concern about the credit and economic outlook than the financial markets had hoped prompted a knee-jerk reaction in equities and dropped the indices to session lows. A reiteration of the Fed's tightening bias and a mention that "downside risks to growth have increased somewhat" were also viewed in a negative light.
So where does it lead us ? Probably nowhere as last nights FOMC meet highlighted inflation concerns and moderate growth which don't argue well.Today's reaction in Indian markets is due to the ECB curbs.We are still advocating caution.
Technically, The support for the Nifty is at 4261 and resistance to the up move at 4457.
We will be back by mid trading session for free intra day tips and more market insight. Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.
Markets still In negative zone !
Tuesday, August 7, 2007
Finally there was a pullback rally in the US.There was a gap up opening due to the overnight happenings in the US markets.Still we feel there are negatives in the markets which may lead to further downside.The FOMC meet today in the US would have a bearing on our markets.Any interest rate cut would be seen as the slowing of Economy in the US and could lead to a fall in our markets.Fundamentally in the medium term , we are still bullish but technically the markets are showing signs of weakness.Today's opening rally is not a trend decider.The Sub prime woes in the US are overblown but the overall health of the US economy looks gloomy.
Technically , if we are able to sustain 4435 on the nifty in the short term , than the correction would be over and we would be ready to see 4750 levels in a few months time.
Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.
Markets in Red!
Monday, August 6, 2007
The Indian bourses are in deep red following the crash in the US & the Asian indices.As predicted by everybody, Monday morning blues have again surfaced.Investors and speculators don't want to Carry their trades for the next day.That is creating extreme volatility in the markets.The huge discount in the Nifty as well as stock futures is creating panic in the retail investors as they are margin traders.Fundamentally , there is no reason to panic in our markets but technically there are enough issues in the internals to send jitters in the minds of retail investors.
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Another Black Monday!
Saturday, August 4, 2007
So we ended in the green for the weekend.The Nifty discount didn't pose a very healthy picture. The DOW and NASDAQ tumbled for the third time in the recent past.Monday morning blues will haunt the investors once again.We were indeed right that there is still some pain left in the markets.We will come up with a detailed analysis of the markets for the benefit of all our members ( free as well as paid). Our viewpoint is somewhat different from the rest of the experts so keep a watch.
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Markets consolidating!
Friday, August 3, 2007
The Indian markets are following the global markets and are on the up move. There is still downside possible as the markets are yet to settle.
HOT TIP : Buy Aurobindo Pharma futures 627-630. Stop Loss 616.Target1 645.Target2 664. We recommend a medium term hold.
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More Pain Left !
Thursday, August 2, 2007
Yesterday was one volatile day all across the globe. We opened in the negative zone red and drifted deep into the red. The Asian indices were being sold off as if there is no tomorrow.The US markets were like a Yo-Yo all day.Our perception is that we are still sitting in a negative zone even though the DOW was 150 points up last night and there is no change in sentiment.We feel there is further downside left.
As far as Indian markets are concerned , now is the real time to make money. One should be savvy enough to exploit the opportunities that arise after such falls.The FII's net selling in Nifty futures doesn't give a heartening picture.Trade with caution and strict stop losses.
The market is expected to trade flat in the first hour. Nifty may get its support 4305 whereas any short covering rally will see a resistance at 4410 levels.
We will be back by mid trading session for free intra day tips and more market insight. Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.
Liquidity will be the Key!
Wednesday, August 1, 2007
As we said yesterday , day before yesterday's positives in the global markets were largely due to oversold conditions.The further fall in the US markets supported by the Asian peers has given impetus to our claim.Now the Big Question , where do we head now ? See , its a liquidity driven market and supplies are abundant in India but what we fear is the sell off in US is not a one off thing. Its a start of a much bigger thing. We are not a secular economy so we are bound to be hit by the negative sentiments in other markets.
MANTRA FOR THE DAY ! Sit , wait and watch. Trade with strict stop losses and short sell at sudden rises.
The market is expected to open with a gap down. Nifty may get its support 4392 and 4360 whereas any short covering rally will see a resistance at 4525 levels.
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Disclaimer:
While this section spares no effort to come out with market calls, it is made clear that all these calls are given based on information collected at that specific point of time. Subscribers are advised to keep in mind the uncertainty of the market and use their own discretion in exercising their pr
