Nifty : Stats & Views
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Pre-market report
Indian indices
Today’s opening is likely to be on a positive note on account of gains in the global markets. Investors may not take big bets before the Reserve Bank of India (RBI)’s monetary policy review tomorrow. Growing inflation continues to haunt the RBI and would force it to squeeze liquidity further. A rate hike of 25 bps is expected and has been widely discounted by the market.
There will be plenty of action in automobile and cement companies' shares as their sales and shipments figures for the month of April will be out today. Also, export and import data for the month of April will be announced. The RBI credit policy and quarterly results are the major factors to determine the market trend.
Daily trend of FII/MF investment in equities
The FIIs have sold Indian stocks worth a net of Rs270 crore on April 29, 2011 as compared to net sell of 475.70 crore on April 28, 2011. The domestic investors have purchased Indian shares worth a net of Rs295.80 crore on April 28, 2011.
Global signals
The European stocks inched higher on Friday (April 29, 2011), rallying for a seven straight session and posting their best monthly performance since December, but volumes were light due to a UK public holiday.
The US stocks rose on Friday on strength from Caterpillar and other industrials, lifting the Dow and Nasdaq to their best monthly performance since December.
Most of the major Asian markets are shut today on account of the Labour day, which include Hang Seng, Shanghai Composite, Straits Times and Taiwan. While Nikkei and Kospi indices were trading higher on Monday (May 02, 2011) encouraged by gains on Wall Street. SGX Nifty was trading 18 points higher.
Commodity cues
The crude oil climbed on Friday to close near $114 a barrel, buoyed by weakness in the US dollar as traders kept watch on developments in the Middle East and North Africa for potential supply disruptions.
5781 is the trend decider for the day
Indian indices
Today’s opening is likely to be on a positive note on account of gains in the global markets. Investors may not take big bets before the Reserve Bank of India (RBI)’s monetary policy review tomorrow. Growing inflation continues to haunt the RBI and would force it to squeeze liquidity further. A rate hike of 25 bps is expected and has been widely discounted by the market.
There will be plenty of action in automobile and cement companies' shares as their sales and shipments figures for the month of April will be out today. Also, export and import data for the month of April will be announced. The RBI credit policy and quarterly results are the major factors to determine the market trend.
Daily trend of FII/MF investment in equities
The FIIs have sold Indian stocks worth a net of Rs270 crore on April 29, 2011 as compared to net sell of 475.70 crore on April 28, 2011. The domestic investors have purchased Indian shares worth a net of Rs295.80 crore on April 28, 2011.
Global signals
The European stocks inched higher on Friday (April 29, 2011), rallying for a seven straight session and posting their best monthly performance since December, but volumes were light due to a UK public holiday.
The US stocks rose on Friday on strength from Caterpillar and other industrials, lifting the Dow and Nasdaq to their best monthly performance since December.
Most of the major Asian markets are shut today on account of the Labour day, which include Hang Seng, Shanghai Composite, Straits Times and Taiwan. While Nikkei and Kospi indices were trading higher on Monday (May 02, 2011) encouraged by gains on Wall Street. SGX Nifty was trading 18 points higher.
Commodity cues
The crude oil climbed on Friday to close near $114 a barrel, buoyed by weakness in the US dollar as traders kept watch on developments in the Middle East and North Africa for potential supply disruptions.
5781 is the trend decider for the day
I think, today's strategy of channel is to be bullish.. so they are suppressing bearish signals/news.
Probably Bin-Laden's death is bigger news than anything else. S&P500 futures jumped by almost 1 ATR on that news within 30mins (ofcourse, it has been dropping since than currently 8points down from the high).
Happy Trading
Probably Bin-Laden's death is bigger news than anything else. S&P500 futures jumped by almost 1 ATR on that news within 30mins (ofcourse, it has been dropping since than currently 8points down from the high).
Happy Trading
It expected to be a negative start on the Dalal Street on account of weak Asian indices. RBI's monetary policy review will be closely watched
Headlines for the day:
Core sectors grow 7.4% in March
Car sales growth slows in April
R-Infra commissions power line
Events for the day:
RBI's Monetary Policy 2011-12
Vaswani Industries IPO closes today
Amrutanjan board to consider buy-back of shares
Results: Essar Oil, Thermax
Pre-market report
Indian indices
All eyes will be on the Reserve Bank of India (RBI)'s monetary policy meet scheduled today and will set the tone for the Indian markets. It is expected that the RBI will hike repo and reverse repo rates by 25 basis points to rein in inflation. The central bank has already increased the short-term lending (repo) and borrowing (reverse repo) rates eight times since March last year to suck out excess liquidity from the system and tame demand to fight inflation.
If it plays along on expected lines, then you might actually see a little bit of a continuation of the relief rally that one is expecting in the banks even for the market at large. However, a sharper hike could trigger some heavy selling in rate sensitive sectors and even hurt overall sentiment to a significant extent. So, today is an important event for the markets and banking stocks will hog the limelight.
Amid a slew of earnings reports and reaction to the central bank's monetary review, the market is likely to remain quite volatile. It expected to be a negative start on the Dalal Street on account of weak Asian indices.
Daily trend of FII/MF investment in equities
The FIIs have sold Indian stocks worth a net of Rs194.80 crore on May 03, 2011 as compared to the net sell of Rs270 crore on April 29, 2011. The domestic investors have sold Indian shares worth a net of Rs193.20 crore on April 29, 2011.
Global signals
The European markets made slight gains in thin holiday trade on Monday (May 2, 2011), as merger deals and news of Osama bin Laden's death helped push the market to a two-month closing high.
The US indices slipped on Monday, as an early bounce on Osama bin Laden's death gave way to questions around the longevity of the market's recent rally.
The Asian markets were trading lower except Hang Seng. Japan's Nikkei is closed for a public holiday. SGX Nifty was trading 33.5 points down; suggesting for a lower start on the Dalal Street.
Commodity cues
Crude oil prices slipped on Monday in volatile trading as investors weighed the effect on crude futures and other markets from news that the US forces killed al Qaeda leader Osama bin Laden.
Headlines for the day:
Core sectors grow 7.4% in March
Car sales growth slows in April
R-Infra commissions power line
Events for the day:
RBI's Monetary Policy 2011-12
Vaswani Industries IPO closes today
Amrutanjan board to consider buy-back of shares
Results: Essar Oil, Thermax
Pre-market report
Indian indices
All eyes will be on the Reserve Bank of India (RBI)'s monetary policy meet scheduled today and will set the tone for the Indian markets. It is expected that the RBI will hike repo and reverse repo rates by 25 basis points to rein in inflation. The central bank has already increased the short-term lending (repo) and borrowing (reverse repo) rates eight times since March last year to suck out excess liquidity from the system and tame demand to fight inflation.
If it plays along on expected lines, then you might actually see a little bit of a continuation of the relief rally that one is expecting in the banks even for the market at large. However, a sharper hike could trigger some heavy selling in rate sensitive sectors and even hurt overall sentiment to a significant extent. So, today is an important event for the markets and banking stocks will hog the limelight.
Amid a slew of earnings reports and reaction to the central bank's monetary review, the market is likely to remain quite volatile. It expected to be a negative start on the Dalal Street on account of weak Asian indices.
Daily trend of FII/MF investment in equities
The FIIs have sold Indian stocks worth a net of Rs194.80 crore on May 03, 2011 as compared to the net sell of Rs270 crore on April 29, 2011. The domestic investors have sold Indian shares worth a net of Rs193.20 crore on April 29, 2011.
Global signals
The European markets made slight gains in thin holiday trade on Monday (May 2, 2011), as merger deals and news of Osama bin Laden's death helped push the market to a two-month closing high.
The US indices slipped on Monday, as an early bounce on Osama bin Laden's death gave way to questions around the longevity of the market's recent rally.
The Asian markets were trading lower except Hang Seng. Japan's Nikkei is closed for a public holiday. SGX Nifty was trading 33.5 points down; suggesting for a lower start on the Dalal Street.
Commodity cues
Crude oil prices slipped on Monday in volatile trading as investors weighed the effect on crude futures and other markets from news that the US forces killed al Qaeda leader Osama bin Laden.
I think bank sector are putting resistance for going down(and 100EMA Nifty support), at least as per current scenario..if they(banks) will start downward trend then nifty will break your 5685 level...any i will start my short position only after 5662...
by the way "The Einstein of Traderji.com" starts news trading :clapping:
Best Regards,
http://www.traderji.com/futures/53550-my-trading-strategies-future.html
_________________________________________________________________
The best trading method is to take advantage of the crowd's greed and fear.
_________________________________________________________________
by the way "The Einstein of Traderji.com" starts news trading :clapping:
Best Regards,
http://www.traderji.com/futures/53550-my-trading-strategies-future.html
_________________________________________________________________
The best trading method is to take advantage of the crowd's greed and fear.
_________________________________________________________________
Is the gap marked in the chart being filled?
Mostly yes
Will it take a support on 50% retracement of recent high and low?
Mostly yes
Will it stay there after taking a support ?
Probably not, as no good trigger, for upmove, seems to be coming.
Where is the probability of stopping at the downside ?
5472 zone as it has acted a support on closing basis for previous 5-6 occasions.
Mostly yes
Will it take a support on 50% retracement of recent high and low?
Mostly yes
Will it stay there after taking a support ?
Probably not, as no good trigger, for upmove, seems to be coming.
Where is the probability of stopping at the downside ?
5472 zone as it has acted a support on closing basis for previous 5-6 occasions.
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