RBI Credit Policy :
• RBI keeps key policy rates unchanged
• Repo rate unchanged at 4.75%
• Reverse repo rate unchanged at 3.25%
• RBI expects GDP to grow at 6% this fiscal
• Raises inflation forecast to 5%
• Money supply growth seen at 18%
• Scope for banks to cut the lending rates
Tuesday, July 28, 2009
28-07-2009
Results today: BPCL, Grasim, HUL, 3i Infotech, ABG Shipyard, Bajaj Hindusthan, Everest Kanto, GMR Infra, GVK Power, HMT, Kingfisher, Kotak Mahindra Bank, McDowell Holdings, Mahindra Ugine, Mcleod Russel, Mercator Lines, Mundra Port, Neyveli Lignite, Religare, REC, Tata Tea G.M
Today RBI Credit Policy is alo there. Please trade with caution
Today RBI Credit Policy is alo there. Please trade with caution
Friday, July 3, 2009
Budget Strategy
Aggressive traders can buy 4300 PE and 4400 CE and try to sell both in profit on Monday as i expect market to swing both sides. My more bias is on negative side though. No matter what happens do not carry these positions post monday
Explaination:
Today call are positive and puts are also positive what does this imply ??? There are going to be sharp swings on both sides i suppose. As implied volatilities are high options premiums are also high. Traders who are long might not get a chance to exit also. Although Reliance slowly inching towards negative zone today... Remember it has become fundamentally weak also hence can prove to be a major laggard for Nifty. Plan to cover the Fiscal Deficit by selling Government stake in PSU's (Disinvestment lingo) can hit lots of hurdles... Who has got the money to buy stake in PSU's ? Who will buy as there is already a financial crunch ? Which bank will fund private players ? Last time i confirmed they told me entire world is in recession.
Explaination:
Today call are positive and puts are also positive what does this imply ??? There are going to be sharp swings on both sides i suppose. As implied volatilities are high options premiums are also high. Traders who are long might not get a chance to exit also. Although Reliance slowly inching towards negative zone today... Remember it has become fundamentally weak also hence can prove to be a major laggard for Nifty. Plan to cover the Fiscal Deficit by selling Government stake in PSU's (Disinvestment lingo) can hit lots of hurdles... Who has got the money to buy stake in PSU's ? Who will buy as there is already a financial crunch ? Which bank will fund private players ? Last time i confirmed they told me entire world is in recession.
Thursday, May 14, 2009
Thursday, April 23, 2009
Thursday 23-04-2009
Nifty Trader
Nifty Previous Closing - 3330.3
Pivot - 3342
Supports - 3284, 3238, 3180
Resistances - 3388, 3445, 3492
NF curr month - 3323.4
Expect a flat opening of +/- 5 points
Nifty Previous Closing - 3330.3
Pivot - 3342
Supports - 3284, 3238, 3180
Resistances - 3388, 3445, 3492
NF curr month - 3323.4
Expect a flat opening of +/- 5 points
Wednesday, April 22, 2009
Wednesday 22-04-2009
Nifty Trader
Nifty Previous Closing - 3365.3
Pivot - 3363
Supports - 3311, 3257, 3206
Resistances - 3416, 3468, 3522
NF curr month - 3365.85
Expect flat to positive opening of +/- 5 points
Nifty Previous Closing - 3365.3
Pivot - 3363
Supports - 3311, 3257, 3206
Resistances - 3416, 3468, 3522
NF curr month - 3365.85
Expect flat to positive opening of +/- 5 points
Tuesday, April 21, 2009
Tuesday 21-04-2009
Nifty Trader
Nifty Previous Closing - 3377.1
Pivot - 3385
Supports - 3330, 3284, 3230
Resistances - 3434, 3487, 3535
NF curr month - 3370.7
Expect a negative open of -20 / -25 points
Nifty Previous Closing - 3377.1
Pivot - 3385
Supports - 3330, 3284, 3230
Resistances - 3434, 3487, 3535
NF curr month - 3370.7
Expect a negative open of -20 / -25 points
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