| View previous topic :: View next topic |
| Author |
Nifty View |
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
|
Post: #4531  Posted: Thu Aug 09, 2012 3:28 pm Post subject: |
 |
|
| saumya12 wrote: | | deleted........ |
Why deleted??...the second shoulder can appear tomorrow...rit?  |
|
| Back to top |
|
 |
|
|
|
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
|
| Post: #4532 Posted: Thu Aug 09, 2012 3:30 pm Post subject: |
|
|
| taxmann50 wrote: | | Samji what is your preview for tomorrow? |
To be frank, I dont expect much upside from here.....but there is chance for much downside tomorrow....again, I feel that 5240 will not be touched tomorrow...so, let's see... |
|
| Back to top |
|
|
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
|
| Post: #4533 Posted: Thu Aug 09, 2012 5:19 pm Post subject: |
|
|
Euro trading below 1.23....after a break...  |
|
| Back to top |
|
|
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
|
| Post: #4534 Posted: Thu Aug 09, 2012 6:21 pm Post subject: |
|
|
| Better than expected Jobless Claims.....QE In Jeopardy????? |
|
| Back to top |
|
|
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
|
| Post: #4535 Posted: Fri Aug 10, 2012 10:55 am Post subject: |
|
|
Market is trading around 5309 now. The high made as of now is around 5323 and the low is around 5304. I believe that this could be another range-bound day. I expect the market to trade in a range 5270-5340 during today's session. Immediate support for the market is around 5285 below that 5260-5270 range will be tested. On the upside, 5330-5340 range will provide good resistance for the day, I feel. If broken, the market may test 5367 levels.
NOTE: If the level 5240 is held on the downside today, then this "WEEK'S HIGH" can be used as a Stoploss for the SHORT positions, I believe. In that case, if the weekly high is broken, then the market could become bullish and head higher. Personally, I feel that the market will go down and that process will start by next Monday or Tuesday. So, let's wait and see how it pans out next week. |
|
| Back to top |
|
|
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
| Post: #4536 Posted: Fri Aug 10, 2012 11:05 am Post subject: |
|
|
| SBIN result and friday factor, would be surprised if eod we remain range bound |
|
| Back to top |
|
|
saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
|
| Post: #4537 Posted: Fri Aug 10, 2012 11:09 am Post subject: |
|
|
| At what time is SBI result. |
|
| Back to top |
|
|
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
|
| Post: #4538 Posted: Fri Aug 10, 2012 11:12 am Post subject: |
|
|
| apka wrote: | | SBIN result and friday factor, would be surprised if eod we remain range bound |
yes, you're right about SBI result...But I still believe that 5270-5340 range will be held for the day........anyway, let's see....by the way, most of the banks(midcap ones) are showing weakness......the bank index was holding as some of biggies did hold their supports except SBI....MOST of the smaller banks are pretty weak technically.......so, it will be interesting how the BankNifty reacts after SBI's result... |
|
| Back to top |
|
|
pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
|
| Post: #4539 Posted: Fri Aug 10, 2012 11:13 am Post subject: |
|
|
| psalm wrote: | | Better than expected Jobless Claims.....QE In Jeopardy????? |
Sam: QE not for jobless. QE is for brainless (bankers) who do sub prime, derivatives, rogue trading. If Leeson of Barings Bank was in America they would have created special QE to save his a#$e! I believe Dimon's $5 bn loss is understatement, when true figure is finally revealed then you have your next QEx. Prakash Holla |
|
| Back to top |
|
|
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
|
| Post: #4540 Posted: Fri Aug 10, 2012 11:19 am Post subject: |
|
|
| pkholla wrote: | | psalm wrote: | | Better than expected Jobless Claims.....QE In Jeopardy????? |
Sam: QE not for jobless. QE is for brainless (bankers) who do sub prime, derivatives, rogue trading. If Leeson of Barings Bank was in America they would have created special QE to save his a#$e! I believe Dimon's $5 bn loss is understatement, when true figure is finally revealed then you have your next QEx. Prakash Holla |
Prakash....Many heads are rolling these days....they could just be some face saving moves....but let's see if it helps.. |
|
| Back to top |
|
|
SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
|
| Post: #4541 Posted: Fri Aug 10, 2012 11:39 am Post subject: |
|
|
I was thinking last nite that the earlier QEs was done primarily to raise inflation and though US and European data says inflation is going lower or not higher as expected we are seeing that inflation was soaring in asia specially india, now more QEs is coming so does anyone really think our inflation will come down with the new QEs. I feel with new QEs we will again start off the cycle of high inflation to double digit and hence very little room for interest rate going down. Is there any sense in this thought of mine or am i just being too scared of things.
 |
|
| Back to top |
|
|
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
| Post: #4542 Posted: Fri Aug 10, 2012 11:48 am Post subject: |
|
|
| saumya12 wrote: | | At what time is SBI result. |
It comes near 2-2.30pm nrmlly |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #4543 Posted: Fri Aug 10, 2012 11:48 am Post subject: |
|
|
| this time PC will force subbu to cut rates |
|
| Back to top |
|
|
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
|
| Post: #4544 Posted: Fri Aug 10, 2012 11:53 am Post subject: |
|
|
| taxmann50 wrote: | I was thinking last nite that the earlier QEs was done primarily to raise inflation and though US and European data says inflation is going lower or not higher as expected we are seeing that inflation was soaring in asia specially india, now more QEs is coming so does anyone really think our inflation will come down with the new QEs. I feel with new QEs we will again start off the cycle of high inflation to double digit and hence very little room for interest rate going down. Is there any sense in this thought of mine or am i just being too scared of things.
|
Taxmann, I believe that India's inflation issues mainly due to supply side constraints, rather than monetary easing. But yes, more money in the global system could affect our inflation, but not much I guess. The issue which could affect our inflation should be the lack of rain this season. Also, if there is any Diesel price hike, that could affect our inflation as well. So, rate cuts from the RBI may not happen soon I feel. Yesterday or day before yesterday, China had announced its inflation which was lesser than expected. Its true that the chinese govt is trying to cool down their economy. But again, not much consumption is happening there because of the slow down. It can happen to us as well. So, arrival of QE can be neutralized by the slow down in our economy, I feel. Having said that, slow down in the economy is our huge problem, rather than inflation. Inflation is more political, than economic these days.... |
|
| Back to top |
|
|
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
| Post: #4545 Posted: Fri Aug 10, 2012 12:04 pm Post subject: |
|
|
It surprises me this is the same govt for which Nifty hit UPC. Useless they are. While the world was growing they enjoyed the benefit of opening ways of foreign investment, thats all they have done. They have no idea how to tackle with rising inflation and falling industrial growth.
I also agree with Sam it appears to be supply problem or maybe futures trading in agriculture products are also affecting in some way.
All that high interest rates have done is reduce India's growth. Inflation is there itself, means demand wont go down. Why they dont work on reorganizing the supply of food items, minimize wastage in storage... i do not understand. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
