Wednesday, September 19, 2007
Fed rate cut leads us beyond 16K !
The Indian stock markets followed strong global cues to reach 16000 for the first time in its history.All due to Fed's policy on interest rates.Yesterday we said that a 50 bps cut will lead to a massive rally.Today we reiterate what we followed up with that the US economy is going into a recession and that doesn't argue for any of the world's equity markets.
Earlier in the US , The Federal Reserve cut the target on a key short-term interest rate by half of a percentage point Tuesday to 4.75% in a bold acknowledgement that the central bank is concerned the mortgage meltdown plaguing Wall Street and Main Street could hurt the economy. Such a big decision by the Federal Open Market Committee fueled a big day for the stock market.
NO TECHNICALS IN THESE MARKETS!
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.
Earlier in the US , The Federal Reserve cut the target on a key short-term interest rate by half of a percentage point Tuesday to 4.75% in a bold acknowledgement that the central bank is concerned the mortgage meltdown plaguing Wall Street and Main Street could hurt the economy. Such a big decision by the Federal Open Market Committee fueled a big day for the stock market.
NO TECHNICALS IN THESE MARKETS!
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, September 18, 2007
Markets to open in red !
Indian Markets will open in red following weak global cues and rising crude prices.Earlier in the US , Stocks slipped Monday, one day ahead of a key Federal Reserve policy meeting, as investors worried that the central bank won't cut interest rates by as much as they had hoped.Tuesday's Fed decision, expected around 2:15 p.m. ET, is the big event of the session. Ahead of that, the government releases its producer price index for August.
This is what we feel :
Fed doesn't' cut rate : Markets will tank.
Fed cuts rate by 25bps : Small time downtrend.
Fed cuts rate by 50bps : Markets will be bullish.
But Only for the time being.Read this!
Former Fed Chairman Greenspan reportedly told news outlets that a risk of recession is greater now than it was at the beginning of the year. In an interview with Fortune, Greenspan also said that the sub prime mess was an "accident waiting to happen," and that the Fed is in a tricky situation now where they can't just cut rates anymore without risking boosted inflation.
NO TECHNICALS IN THESE MARKETS!
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.
This is what we feel :
Fed doesn't' cut rate : Markets will tank.
Fed cuts rate by 25bps : Small time downtrend.
Fed cuts rate by 50bps : Markets will be bullish.
But Only for the time being.Read this!
Former Fed Chairman Greenspan reportedly told news outlets that a risk of recession is greater now than it was at the beginning of the year. In an interview with Fortune, Greenspan also said that the sub prime mess was an "accident waiting to happen," and that the Fed is in a tricky situation now where they can't just cut rates anymore without risking boosted inflation.
NO TECHNICALS IN THESE MARKETS!
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, September 17, 2007
Markets to be Edgy !
The Indian markets will show nervousness especially at the start of the week.Its going to to be volatile but a range bound trade till 18th Sep with a negative bias.The global mortgage crisis has reared its ugly head again, this time in the UK and the Indian markets too felt the jitters.Northern Rock, UK's largest mortgage lenders, have fallen by 24% after the Bank of England decided to offer it emergency funding. Northern Rock has £113 billion in assets.Earlier in the US markets on Friday,a day that started on a bearish note ended up sending the bulls into the weekend on a feel-good note. Consistent with this week's bias, though, stocks caught a bid and recouped just about all of those losses before mid-day. They then held their ground throughout the session and finagled a positive finish on some late-day buying interest.
FINALLY THE WAIT IS OVER AS FED RESERVE MEETS THIS WEEK TO DECIDE ABOUT THE INTEREST RATES.
No matter what the outcome, the stock market could be in for a wild ride.
F&O cues:
Futures Open Interest down by Rs 1183 crore
Options Open Interest up by Rs 743 crore
Nifty Sep Futures shed 7.5 lakh shares in Open Interest
Nifty Oct Futures add 3.3 lakh shares in Open Interest
Nifty Open Interest Put-Call ratio at 1.52 Vs 1.53
Nifty Puts add 6.1 lakh shares in Open Interest
Nifty Calls add 5.5 lakh shares in Open Interest
Technically, the support for the Sensex is at 15400 and the resistance to the up move at 15869 where as the support for the Nifty is at 4445 and resistance to the up move at 4580.
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.
FINALLY THE WAIT IS OVER AS FED RESERVE MEETS THIS WEEK TO DECIDE ABOUT THE INTEREST RATES.
No matter what the outcome, the stock market could be in for a wild ride.
F&O cues:
Futures Open Interest down by Rs 1183 crore
Options Open Interest up by Rs 743 crore
Nifty Sep Futures shed 7.5 lakh shares in Open Interest
Nifty Oct Futures add 3.3 lakh shares in Open Interest
Nifty Open Interest Put-Call ratio at 1.52 Vs 1.53
Nifty Puts add 6.1 lakh shares in Open Interest
Nifty Calls add 5.5 lakh shares in Open Interest
Technically, the support for the Sensex is at 15400 and the resistance to the up move at 15869 where as the support for the Nifty is at 4445 and resistance to the up move at 4580.
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.
Subscribe to Posts [Atom]