Skip to main content

Swing Trading Systems And Nifty Trading System for The Day Traders

By


SUGAR DECONTROL—GOOD SIGNFOR STOCK MARKET
Amidst gruesome punching on sensex and nifty for the last few sessions, Govt. seems to be equally vigilant of the prevalent condition.  Taking it into the account, Cabinet decision, which was much awaited, came at last to decontrol the sugar.  However, the decision could not impact as much as expected; in the long run it is expected to give a sigh of relief for Indian stock market.  Investors as well as intraday traders are chasing sugar stocks following the Cabinet decision on Thursday to decontrol the sugar.  It has also sent a whirling wave to commodity market too, which was expecting it in January itself.
What does it mean?
            The government has abolished the 10 per cent levy quota for two years and removed monthly release mechanism under which the movement decided what volume each mill could sell every month. The brokerage houses feel that impact of sugar decontrol on the stock is likely to be impressive enough to help stock market take u-turn.  Even assuming no inflation in sugar prices, the fair value impact of this decision is likely to be the modest one.  Most of the intraday tips happened to be sugar stock oriented.  Even Nifty futures and Nifty options have recovered their premium.  Sugar stocks have just turned out to be favourite for intraday traders.
            At the same time other schools of thoughts suggest that the rally in sugar stocks is unlikely to sustain for long as profit sales could cap further gains.  Sugar companies will now have increase in margins that is sure.  Even in given situations, sugar stocks will behave pretty much as they have been behaving, in line with fundamental and supply demand and market pricing.  In the immediate assessment, it has impressed the technical analysts.
Visit Us : www.technotrades.biz 
Contact Us : +91-9958406102

Comments

Post a Comment

Popular posts from this blog

By
Post a Comment
Read more

FII AND DII ACTIVITY

By
Your guide to Foreign Fund Flows! Catch the latest FII trends and track their investments in India.    Daily FII Activity   DATE PURCHASES (Rs m) SALES (Rs m) NET INV (Rs m) Thu, 11 Jul 2,510 3,823 (1,313) Fri, 12 Jul 28,872 79,976 (51,104) Mon, 15 Jul 19,057 20,827 (1,770) Tue, 16 Jul 25,095 28,192 (3,097) Thu, 18 Jul 32,041 33,177 (1,136) Total 107,575 165,995 (58,420)    Weekly FII Activity   DATE NET INV (Rs m) Mon, 23 Sep (981) Tue, 24 Sep (176) Wed, 25 Sep (379) Thu, 26 Sep 24 Fri, 27 Sep 12,671 Total 11,159 Volatility persists! While the Indian stockmarkets were not generous to investors (declined week-on-week), the rain gods gave a handful to Mumbai and as usual, the city choked during the last week! This did have an impact on the daily volumes traded, which was low in the first three days, only to gain momentum in the later half. Despite a weak start, there was selective buying interest in some sectors. But senti...
Post a Comment
Read more

NIFTY AND STOCKS UPDATE FOR 7 AUGUST

By
Markets at a Glance Indian indices are likely to open higher today largely mirroring positive Asian markets. The in-vestors will keep a close eye over the shares of DLF after the company announced its quarterly results post the market hours yesterday. The realty major has reported a 18% decline in its net profit at `293 crore for the quarter ended June 30, 2012. Meanwhile Asian shares are trading higher today, extending their previous session’s sharp rally on renewed optimism over possible European bond buying, after Germany backed the European Central Bank’s bond-buying plan, helped calmed worries of the Eurozone’s debt crisis. Further, Japan’s Nikkei advanced support-ed by well provided earnings. The commodities shares gaining strength tracking higher com-modities prices at LME. The SGX Nifty, Aug’12 contract last traded at 5,297, up by 3 points from previous session. Wall Street Update The US markets rose sharply on Monday after a lackluster trade, extended last week’s rally as...
Post a Comment
Read more