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

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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...
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NIFTY TREND ANALYSIS & LEVELS FOR TODAY

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Updated for-Jul/12/2013 Nifty was on a bull trend and closed at 5935 level. So today the first resistance for nifty is at 5971-75 level. Next resistance ranges are at 6008-12,6030-35,6047-52,6069-73,6088-92 levels. On downside first support is at 5898-94 level. Next supports are at 5861-56,5834-30,5800-95,5780-75,5741-36,5722-18,5702-98,5670-65,5623-18,5590-85,5569-65,5536-32,5518-14,5497-92,5477-74,5445-41 level.Nifty is in bull region So today on upside intra resistance are at 5975 and 6012 level and on down side support are at 5894 and 5856.Below 5856 be very alert and avoid longs.  Positional Support for NIFTY 5905 5872 5868 5838 5830 5824 5772 5764 and positional Immediate resistance for NIFTY is 5961. Intraday Resistance of NIFTY are 6008.8 : 6069.9 : 6051.2 : 6067.4 Intraday Support of NIFTY are 5861.4 : 5800.3 : 5820.1 : 5804.2
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Nifty Live Chart | Nifty Chart

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MARKET EYESON CABINET MEET ON COAL-PRICE-POOLING ISSUE The cabinet committee on economic affairs (CCEA) shall meet next week to discuss pooling the price of imported coal with the domestic fuel.   Moreover Group of Ministers (GoM) on draft coal regulator Billl will also meet to take a view on price-pooling of coal to address the fuel supply issue.   The price pooling is the averaging of prices of domestic and imported coal to get a uniform feedstock price in the country.   On the directions of the CCEA, an inter ministerial panel was formed under the chairmanship of coal secretary for looking into the price pooling and coal linkages issue.   This event shall not only boost up power stock but will lead the stock market to a new direction.   The nifty future and niftyoption may see sharp increase in the premium.   The intraday traders who use the intraday trading software shall try to extract the maximum benefit in intraday trades.   ...
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