Skip to main content

NIFTY AND STOCKS UPDATES

By

Markets at a Glance
A gap-up opening is likely for the Indian indices today largely mirroring positive Asian markets, as the stronger-than-expected US jobs reported on Friday, lifted investors sentiments. The in-vestors will keep a close eye over the shares of DLF and SAIL ahead of the quarterly results to-day. Meanwhile Asian shares are trading significantly higher, cheered by US jobs figures and renewed hopes from European Central bank (ECB), as ECB officials said that the central bank could intervene and buy the bonds of struggling euro-zone countries without unanimous ap-proval. Besides, China’s central bank over the weekend pledged to boost its monetary policy measures and improve credit policy to provide a fillip to the world’s second largest economy. The SGX Nifty, Aug’12 contract last traded at 5,287, up by 44 points from previous session.
Wall Street Update
The US markets rose to a three-month high on Friday, after the US payrolls data rose more than expected in July combined with a positive ISM Service boosted sentiments. The financial sector was the top performer of the day, driven by the strength in European banks on the back of a significant drop in Italian and Spanish yields. On the economic front, the nonfarm payrolls increased by 163K much better than the 100k gain expected, while nonfarm private payrolls added 172K against expectations of a 105K increase. The unemployment rate inched up slightly by 8.3% from its previous reading of 8.2%. Meanwhile, the July ISM Services index came in at 52.6, slightly above the 52.3 Briefing.com consensus, and up from June's 52.1 reading.
Previous Day Roundup (Domestic)
 Indian benchmark indices staged a smart recovery in the second half of the session to close the last trading session of the week marginally lower largely mirroring positive European markets.
 On the sectoral front, the Metal index was the biggest loser today, down with a cut of 1.6%, followed by Auto, Bankex and Realty indices down by 0.6% to 0.8%. While, the Oil & Gas, Health care, IT and Teck indices remained on buyers radar.
 The BSE Sensex closed at 17,198 down by 26 points or by 0.2% and NSE Nifty closed at 5,216 down by 12 points or 0.2%.
 The Indian rupee strengthened against the US dollar led bya late session recovery tracking

NIFTY STOCKS COMMODITIES INTRADAY TRADING SYSTEMS

Comments

Post a Comment

Popular posts from this blog

SUPPORT AND RESISTENCE IN STOCK MARKET

By
In stock market , support and Resistance symbolizes key junctures where the forces of supply and demand meet.   Prices are driven by excessive supply (down) and demand (up).   Thus technical analysis is very much important in the wake of knowing buy/sell signal .   Supply is synonymous with bearish, bears and selling.   Demand is synonymous with bullish, bulls and buying.   These terms are used interchangeably throughout this and other articles.   As demand increase, prices advance and as supply increases, prices decline.   When supply and demand are equal, prices move sideways as bulls and bears slug it out for control. SUPPORT ? Support is the price level at which demand is thought to be strong enough to prevent the price from decline further.   The logic dictates that as the price declines towards support and gets cheaper, buyers become more inclined be it intraday or delivery.   The intraday trading software can make out a p...
Post a Comment
Read more

Intraday Trading Systems and Intraday Trading System for Nifty Stocks and Commodities

By
CURRENTACOUNT DEFICIT & INDIAN STOCK MARKET             Last week the Reserve Bank of India (RBI) released quarterly BOP data which showed India’s current account deficit reached below a new high of 32 billion USD or 6.7 per cent of GDP in Q3 FY 2012.   CAD, however is expected to narrow down as a result of slowing consumption, sluggish investment, fiscal consolidating, and moderating oil prices and gold imports, we project the full year figure   will come in around 5 per cent—well above the RBI’s estimate of a sustainable level of about 2.5-3 per cent.   The stockmarket will then see a new kind rejuvenation and traders in nifty might look forward to encash the profit.   Given that it will likely remain around 4-5 per cent of GDP over the medium-term, the CAD will limit the RBI’s space for rate cuts, keep downward pressure on INR, and increase india’s reliance on potentially volatile portifolio flow...
Post a Comment
Read more

RUPEE PROBLEMS

By
The Sensex and the rupee are at critical breakdown levels after the stock market fell on Friday and the rupee was retesting its previous lows against the US dollar. The drop in the US equity markets on Friday might provide another downward nudge to Indian equities and the dollar rally could push the rupee lower on Monday. Readers of this column should not be surprised by the moves in the equity market and the rupee. We had mentioned that the Sensex was in a downtrend and was supported by the gap. The same is true of the Nifty.  (Click  here  for charts of Nifty and  here  for Sensex)  In last week’s article  we mentioned that price gaps are demand areas and happen when the opening price of a day is higher or lower than the closing price of the previous day. Reuters When there is extreme demand prices open much higher than they closed the previous day. That’s what happened to the Sensex on 31 January when it opened at 16,965 after closing at ...
Post a Comment
Read more