Friday, August 24, 2007
Markets rangebound !
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.
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.
Thursday, August 23, 2007
Markets surge !
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.
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.
Wednesday, August 22, 2007
Nifty Futures Target Achieved !
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.
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.
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.
Tuesday, August 21, 2007
Markets in deep Red !
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.
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 Heng Seng 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.
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.
Monday, August 20, 2007
Uncertainty Still Prevails !
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.
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.
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.
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.
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.
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.
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.
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.
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