Trading with PT style
- Thread starter praveen taneja
- Start date
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Who said Cars dont have a name with Meaning
BMW: Brings Me Women.
FIAT: Failure in Italian Automotive Technology.
FORD: For Only Rough Drivers.
HYUNDAI: Hope You Understand Nothing's Drivable And Inexpensive....
VOLVO: Very Odd Looking Vehicular Object.
PORSCHE: Proof Of Rich Spoiled Children Having Everything.
KIA: Kills In Accidents
.
OPEL: Old People Enjoying Life
.
TOYOTA: The One You Only Trust, Always.
GOLF/GTI: Girls Only Love Fun / Get Them Inside
.
HONDA: Hanged Over, Now Driving Away.
BMW: Brings Me Women.
FIAT: Failure in Italian Automotive Technology.
FORD: For Only Rough Drivers.
HYUNDAI: Hope You Understand Nothing's Drivable And Inexpensive....
VOLVO: Very Odd Looking Vehicular Object.
PORSCHE: Proof Of Rich Spoiled Children Having Everything.
KIA: Kills In Accidents
.
OPEL: Old People Enjoying Life
.
TOYOTA: The One You Only Trust, Always.
GOLF/GTI: Girls Only Love Fun / Get Them Inside
.
HONDA: Hanged Over, Now Driving Away.
After opening in the red, US markets saw a steady recovery through the trading session to close with nearly half a percent gain. Dow closed at 10611, within a striking distance from the intermediate high of 10730 made on 19th Jan. Earlier European markets ended lower and US market opened in the red on account of an inflation spike in China and a fear of potential interest rate hike on account of the same. The jobs report presented by US labor department was mixed, showing a decline in first time jobless claims filing but rise in four week moving average of claims. But US markets recovered subsequently, led by banking shares, as Citigroup Inc said that bank is on its way to sustained profitability and as Democrats gave up on bipartisan effort to overhaul financial regulation.
A last half an hour spike saved our markets from closing in red and helped the benchmark indices close about a third of a percent higher in yesterday’s trade. Participation, however, continued to be narrower as broader indices continued to underperform. Today, the key data to watch out for will be the February Industrial Production data. 5092 continues to be immediate support, followed by 5049 while 5190-5220 is likely to act as a resistance zone
Corporate News Headline
• NMDC is planning to invest around Rs 24 bn to lay a pipeline between its Chhattisgarh plant and Visakhapatnam in Andhra Pradesh. The proposed pipeline will transport iron ore from Bailadila mine in Chhattisgarh to Vishakhapatnam. (BS)
• Fortis Healthcare will buy 23.9% of Singapore healthcare provider Parkway Holdings for USD 685 mn, giving it access to the Southeast Asian markets. Fortis has agreed to buy the stake from buyout firm TPG Capital. (ET)
• Bharti Airtel announced the launch of its digital media business, its foray into entertainment, to deliver content to a range of users, including producers and media firms. The Company will not produce any content, but market and cater to a variety of users such as animators, gaming firms, news channels, cinemas and banking institutions. (ET)
• NMDC is planning to invest around Rs 24 bn to lay a pipeline between its Chhattisgarh plant and Visakhapatnam in Andhra Pradesh. The proposed pipeline will transport iron ore from Bailadila mine in Chhattisgarh to Vishakhapatnam. (BS)
• Fortis Healthcare will buy 23.9% of Singapore healthcare provider Parkway Holdings for USD 685 mn, giving it access to the Southeast Asian markets. Fortis has agreed to buy the stake from buyout firm TPG Capital. (ET)
• Bharti Airtel announced the launch of its digital media business, its foray into entertainment, to deliver content to a range of users, including producers and media firms. The Company will not produce any content, but market and cater to a variety of users such as animators, gaming firms, news channels, cinemas and banking institutions. (ET)
Economic and Political Headline
• India's Food Price Index rose 17.81% in the 12 months to February 27, while the Fuel Price Index was up 11.38%, the Government said. The rise in the Food Price Index was marginally lower than an annual rise of 17.87% in the previous week. India's Primary Articles Price Index was up 15.08% year-on-year as on February 27. (BS)
• China's inflation reached a 16- month high, industrial output climbed and new loans exceeded forecasts, adding to the case for the Government to roll back stimulus measures. Consumer prices rose 2.7% in February from a year earlier, as per the National Bureau of Statistics. (Bloomberg)
• The trade deficit in the US unexpectedly narrowed in January as imports fell for the first time in five months, indicating demand is cooling. The gap shrank 6.6% to USD 37.3 bn from USD 39.9 bn in December as refineries imported the fewest barrels of crude oil in a decade, Commerce Department figures showed in Washington. (Bloomberg)
• India's Food Price Index rose 17.81% in the 12 months to February 27, while the Fuel Price Index was up 11.38%, the Government said. The rise in the Food Price Index was marginally lower than an annual rise of 17.87% in the previous week. India's Primary Articles Price Index was up 15.08% year-on-year as on February 27. (BS)
• China's inflation reached a 16- month high, industrial output climbed and new loans exceeded forecasts, adding to the case for the Government to roll back stimulus measures. Consumer prices rose 2.7% in February from a year earlier, as per the National Bureau of Statistics. (Bloomberg)
• The trade deficit in the US unexpectedly narrowed in January as imports fell for the first time in five months, indicating demand is cooling. The gap shrank 6.6% to USD 37.3 bn from USD 39.9 bn in December as refineries imported the fewest barrels of crude oil in a decade, Commerce Department figures showed in Washington. (Bloomberg)
NIFTY FUTURES (F & O):
Above 5164-5166 zone, rally may continue up to 5171 level and thereafter expect a jump up to 5185-5187 zone by non-stop.
Support at 5136 & 5137 levels. Below these levels, expect profit booking up to 5112-5114 zone and thereafter slide may continue up to 5091-5093 zone by non-stop.
Buy if touches 5083-5085 zone. Stop Loss at 5061-5063 zone.
On Positive Side, cross above 5193-5195 zone can take it up to 5215-5217 zone by non-stop. If crosses & sustains this zone then uptrend may continue.
Above 5164-5166 zone, rally may continue up to 5171 level and thereafter expect a jump up to 5185-5187 zone by non-stop.
Support at 5136 & 5137 levels. Below these levels, expect profit booking up to 5112-5114 zone and thereafter slide may continue up to 5091-5093 zone by non-stop.
Buy if touches 5083-5085 zone. Stop Loss at 5061-5063 zone.
On Positive Side, cross above 5193-5195 zone can take it up to 5215-5217 zone by non-stop. If crosses & sustains this zone then uptrend may continue.
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