NIFTY 50 future TRENDS

[sudoku1]

JAPAN
Fukushima nuclear reactor explodes leading to radiation leakage

 

[bpschandi]

NEW YORK

Oil prices have dropped below $100 per barrel for the first time in more than a week after a massive earthquake spawned a tsunami that slammed into northern Japan.

Japan is the third-largest oil importer in the world. It's unclear how much its economy will be affected by the disaster. But the news helped slow down what had been a three-week rally in oil markets.

Benchmark West Texas Intermediate for April delivery tumbled $2.80, or 2.7 percent, to $99.90 per barrel on the New York Mercantile Exchange. The price crossed the $100 mark last week because of Middle East tension. It was around $86 just three weeks ago.

Gasoline prices in the U.S. continue to rise. The national average for regular unleaded climbed above $3.54 per gallon overnight.

 

[bpschandi]

U.S. Commodities: Oil Falls After Japan Quake Shuts Refineries
By Margot Habiby - Mar 12, 2011 4:17 AM GMT+0530

Crude oil fell, capping the first weekly drop in a month, after Japans strongest earthquake on record shut refineries and dissidents in Saudi Arabia failed to stage planned protests.

The 8.9-magnitude temblor unleashed a 7-meter (23-foot) tsunami that killed hundreds of people in Japan, the worlds third-largest oil-consuming country. Saudi Arabian police and anti-riot vehicles patrolled central Riyadh today, preventing a Day of Rage proclaimed by activists.

This is in response to the tsunami and the lack of the Day of Rage in Saudi Arabia, said Hamza Khan, an analyst at the Schork Group Inc., a consulting company in Villanova, Pennsylvania. If the Japanese refineries are down, then were going to see lower demand for crude oil.

Oil futures for April delivery tumbled $1.54, or 1.5 percent, to $101.16 a barrel on the New York Mercantile Exchange, the lowest settlement since March 1. The price declined 3.1 percent this week.

 

[rajgreenpeace]

Reliance ........is gr8 buy.....will lead from the front.........

 

[rajgreenpeace]

tsunami in Japan, not near india.

I mean to say there is no panic selling in India.....as we r strong....:annoyed:

 

[starscream]

if commodities cool down then the markets should go up whether or not there is another disaster in japan.
since crude fell below 100, snp on the day of disaster went up .75% as better prospects for american companies in the near term.

 

[sudoku1]

if commodities cool down then the markets should go up whether or not there is another disaster in japan.
since crude fell below 100, snp on the day of disaster went up .75% as better prospects for american companies in the near term.

in 2008 wen crude hit 150 $...our mkt hit 21000...wen cude hit 32..v hit 8000...now wen crude was 88 nifty was 5200..2day crude is 100 ...nifty is also up 5500..moral : mkts folow CRUDE.

 

[rajeabc]

if commodities cool down then the markets should go up whether or not there is another disaster in japan.
since crude fell below 100, snp on the day of disaster went up .75% as better prospects for american companies in the near term.

Cooling commodities always does not mean good to the market . Same diff as in between taking rest(for pleasure) and falling ill . have a look at charts below for clear view

Uploaded with ImageShack.us

 

[starscream]

in 2008 wen crude hit 150 $...our mkt hit 21000...wen cude hit 32..v hit 8000...now wen crude was 88 nifty was 5200..2day crude is 100 ...nifty is also up 5500..moral : mkts folow CRUDE.

mkts folow crude but that is because it is the overal bullish/bearish trend which dictates the demand for crude. if suddenly japan who is the 3rd largest importer of crude drops demand close to nil then the excess in the short term will improve economies all over the world albeit damaging japan. so near term trend is bullish i feel. finally when everything settles in japan the original trend continues. the same is the reason why libyan crises took toll on economies fearing crude shock.(assuming TREND- BEARISH)

 

[starscream]

Cooling commodities always does not mean good to the market . Same diff as in between taking rest(for pleasure) and falling ill . have a look at charts below for clear view

Uploaded with ImageShack.us

These charts clearly indicate the trend reversals in the very long term time frame hence not effective here. (Demand/supply)

since every1 is still bullish in the longterm and we are not in any recession yet. any drop in commodity prices (assuming that overall demand is same except japan)will increase profits for companies and hence their eps etc.. rating them buy.