Skip to main content

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 flows.
While a surge in capital inflows due to DM liquidity and government reform efforts was sufficient to finance the CAD in Q3, while the quality as per expert in technical analysis, the quality of financing remains a concern.  The net FDI declined  to 2.5  from 5 billion, in Q3, while portfolio inflows rose to 8.6 compared to 1.8 billion over the same period  a year ago.  This causes the sharp volatility in the stock market and intraday traders change their trading strategy based on the news upon it. 
            More importantly, there has been notable deterioration in India’s external debt, through the situation appears manageable.  Total external debt rose to 378 billion from 260 billion in 2009 - 10.  The size of India’s external debt is not a problem itself, at 18.3 per cent of GDP it is the 3rd lowest amongst developing countries while its FX reserves cover 81 per cent of total debt.  

Visit Us : www.technotrades.biz
Contact Us : +91-9958406102

Comments

Post a Comment

Popular posts from this blog

NIFTY TREND ANALYSIS & LEVELS FOR TODAY

By
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
Post a Comment
Read more

The veteran trader feeds on the new trader

By
The only difference between the new trader and the old trader is that the old trader has learnt to be in control as compared to the new trader. both are trading using the same charts and indicators. A good trading system and the mental strength to commit to and execute the signals that system gives you is the way of the seasoned trader. The seasoned trader can notice when he is making any human error in relating to his emotions and fears and quickly breaks that habit by making new neuron-pathways, means suppose he is erring in moving his stop loss to cost or to break even when he sees gains, then he will focus on that and start doing that soon as a matter of habit. Trading is nothing but a game of probability , where you have to have the odds ion your favor. Once you have set your strategy fro trading then just like  mechanical trader follow it without using brains and mind. At the end of the period of time it will reap benefits. If still the method is not profiting then chan...
Post a Comment
Read more

FII FLOWS INCREASES

By
Flows into India likely to remain limited in the near term, as relative valuations of stocks versus emerging markets do not look attractive, Macquarie says. India thus “may be staring at a possible negative 12 month forward returns,” Macquarie says. The controversy over taxation for foreign investors, as well as macro challenges, are key reasons for net outflows of foreign institutional investors (FIIs) in April vs strong Jan-March inflows, Macquarie says. Indian stocks look historically cheap, but is trading at a premium of around 33 percent vs emerging markets vs the long-term average of 27 percent, Macquarie estimates. Nifty is seen trading in 5,000 to 5,500 range and the Sensex in 16,000 to 18,000 range, as “global liquidity glut” to provide some support, Macquarie says. Reuters
Post a Comment
Read more