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vinay28
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Post: #3541  Posted: Thu Jul 05, 2012 3:45 pm Post subject: |
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| I feel nifty may not go below 5260 now |
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psalm
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| Post: #3542 Posted: Thu Jul 05, 2012 3:50 pm Post subject: |
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| rohit44 wrote: | tadap tadap k is dil se aah nikalti rahi aisa kya gunah kiya ki putttttt liye or luttttttt gaye.....  luuuttt gaye 5220 ki chahat me.. |
Rohittttttttttttt....  |
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psalm
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| Post: #3543 Posted: Thu Jul 05, 2012 4:04 pm Post subject: |
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| vinay28 wrote: | | I feel nifty may not go below 5260 now |
If the market decides to go up from here....there is less chance of it breaking below 5263.....Vinay.....For me, even if it breaks below 5260, there is nothing much will change.....5170-5200 level is the serious area, I'm looking at...if we go below 5170, that is when the LONGs will start unwinding, I feel.....but I dont expect the market to go below 5260 tomorrow...there is less chance of that...if it happens, then most probably next week, I believe....  |
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psalm
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| Post: #3544 Posted: Thu Jul 05, 2012 4:44 pm Post subject: |
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| Bank of England keeps rates at 0.5pc, adds another £50bn in QE (expected). Now ECB announcement will come later about the rate cut. Another news is that China has cut benchmark deposit rate by 25 bps to 3%. |
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SP50
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| Post: #3545 Posted: Thu Jul 05, 2012 4:47 pm Post subject: |
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| Good news and now Fed might announce their QE3 today after their job data tonite. |
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psalm
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| Post: #3546 Posted: Thu Jul 05, 2012 5:00 pm Post subject: |
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| taxmann50 wrote: | | Good news and now Fed might announce their QE3 today after their job data tonite. |
ECB decision (rate cut) is still there pending....25 bps cut is expected....but some people are expecting even a 50 bps cut....Regarding the FED, its still a rumour....so, let's see how it goes...the interesting thing is that most of the positives are all getting factored in by now....does that mean no more trigger for the markets???.... |
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vinay28
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| Post: #3547 Posted: Thu Jul 05, 2012 5:02 pm Post subject: |
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| no effect on ftse |
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SP50
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| Post: #3548 Posted: Thu Jul 05, 2012 5:04 pm Post subject: |
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It is very hard to say that Sam, QEs have been given before too and rates been cut before too but somewhere they have not yeilded results which was supposed to and hence everytime the market went up it went down badly as well and without any economic impact in EUROPE and US.
So over the long run the basics have to change and these quick fixes wont take us to a sustainable 6000 or above. |
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psalm
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| Post: #3549 Posted: Thu Jul 05, 2012 5:16 pm Post subject: |
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| BREAKING News: 25bps of bailout from ECB, not 50...so nothing surprising... |
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psalm
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| Post: #3550 Posted: Thu Jul 05, 2012 5:21 pm Post subject: |
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| psalm wrote: | | BREAKING News: 25bps of bailout from ECB, not 50...so nothing surprising... |
Another thing.....ECB has cut deposit rate to zero, from .25%.... |
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psalm
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| Post: #3551 Posted: Thu Jul 05, 2012 6:08 pm Post subject: |
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| Europe is acting negatively to the events....down more than 1% from the highs.... |
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vinay28
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| Post: #3552 Posted: Thu Jul 05, 2012 6:26 pm Post subject: |
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| europe markets had discounted ecb action and that's why. By the way, euro is down due to ecb action, which came after our market closed. So, I feel INR which weakened today due to $ being oversold, may strenthen tmrw but probably not below 54.25. This is because $ no longer appears oversold now and may weaken tmrw. But after that, what is the main question! If euro falls, INR may not fall much beyond 57 later |
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rk_a2003
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| Post: #3553 Posted: Thu Jul 05, 2012 6:55 pm Post subject: |
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| psalm wrote: | | psalm wrote: | | BREAKING News: 25bps of bailout from ECB, not 50...so nothing surprising... |
Another thing.....ECB has cut deposit rate to zero, from .25%.... |
In essence it was - deposit rate( not Zero) if you consider annual maintenance,ATM charges Etc. |
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psalm
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| Post: #3554 Posted: Thu Jul 05, 2012 7:01 pm Post subject: |
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| rk_a2003 wrote: | | psalm wrote: | | psalm wrote: | | BREAKING News: 25bps of bailout from ECB, not 50...so nothing surprising... |
Another thing.....ECB has cut deposit rate to zero, from .25%.... |
In essence it was - deposit rate( not Zero) if you consider annual maintenance,ATM charges Etc. |
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psalm
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| Post: #3555 Posted: Thu Jul 05, 2012 7:13 pm Post subject: |
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| vinay28 wrote: | | europe markets had discounted ecb action and that's why. By the way, euro is down due to ecb action, which came after our market closed. So, I feel INR which weakened today due to $ being oversold, may strenthen tmrw but probably not below 54.25. This is because $ no longer appears oversold now and may weaken tmrw. But after that, what is the main question! If euro falls, INR may not fall much beyond 57 later |
Dollar looks pretty strong at this point of time....I dont think the over-sold situation will help Rupee in anyway.....that means further weakness for rupee.......the perplexing thing is that many of the frontline stocks are yet to reach their targets......I was expecting the targets to be reached tomorrow.....I'm still hopeful that the market might find something positive for tomorrow's trading..... One more up move should be enough for most of the stocks, I believe...so, will that happen tomrrow????... |
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