About Me

    My photo
    Just keep enjoying with me

Weekly Review

Free float method for nifty led the volatality in last week. Weak global cues dragged the Indian indices lower in the initial part of the week, Concerns over below-normal monsoon add some pressure also. Expiry of derivatives contracts for the June series led to volatile movement on the bourses. BSE sensex rose by 1.7% during the week. NSE Nifty also gain 1.4% to end at 4376. Positive news flow and increase in weitage of L&T in the Nifty attributed to a 6% jump in capital goods index. Power and banking stocks werw in demand on the back of budget expectations. How ever, delay in monsoon raised fear about slowdown in auto sales, led the auto stocks lower over the week.

Weekly Review 20/09/2009

Last Three months euphora is really overdone. This is the feeling of all big players and FII. Last week FII done the profit booking. They halt it on friday. Bulls on track on friday. All the week weak global clues are made huge pressure on board and no local triggers for bulls. RIL dragged the BSE Oil and gas indexlower after the Bombay High court directed it to supply gas to RNRL at about half the government approved price for 17 years. Due to profit booking sell off seen in realty and metal sector. While the banking sector end with gain on robust advance tax numbers.
Major global indices end in red due to fear of that the pace of the global economic reccession is not easing asfast as had been anticipated. S&P down grade 22 bans of USA, after this the financial sector fall at te US indices. Shanghai outperforme the globe as world bank raised china's growth forecast.

Market View 28/05/2009

Last Two day's volatality due to expiry suggesting that the market corrected enough and this is the range where it's want to stay for some more time. In this time we can see all the heavy weight can give us some range s for trader. It's the opportunity for the traders to trade with some ggod range and get greater rewards.
Have a Nice Trading!!!!

Market View 27/05/2009

After the decent correction we can see some revival in today's trade. As all global clues are positive. US consumer nuber are encouraging. Asian markets trade with healthy gains and local news flow are without bad flow. Amid expiry the high volatality is the concern. All public sector bank deciding to cut intrest rate which is the boost for indian stocks for whole day. So buy is the only mantra for today's trade but with stoploss as expiry(mind it)!!

Markt View 26/05/2009

Yesterday Punjab is burnning and Bengal is storming the two new challenges for us. One is god's clamity and other is from human. One we can handle and one we can't. Think on it!
We are facing hurdle at 4280-4300 level daily suggesting that we are in tight range. See for close above this level for more upside. Inearly trade we ma face some profit booking as not clear clues from any side. Waiting for cabinet expantion today, after that market get some fresh clues and may decide their direction. On expiry note strict stoploss for intraday player is advised.


Search This Blog