FII Derivatives Data
INDEX FUTURES -262.688
INDEX OPTIONS 4 75.9905
STOCK FUTURES 337.5582
STOCK OPTIONS 28.0154
All figures in crores rupees and good to see FII's back buying.
pax1, markets, nse, bse, dija, dow, S&P,gold, rupee, pmi, tata, reliance,
FII's were net buyers 250.48 crores and DII's were net sellers of 16.87 crores.
FII Derivatives Data INDEX FUTURES -262.688 INDEX OPTIONS 4 75.9905 STOCK FUTURES 337.5582 STOCK OPTIONS 28.0154 All figures in crores rupees and good to see FII's back buying. As expected the US markets opened in deep red and very close to the dangerous technical levels if broken would have seen a deeper correction, it has since pulled backed to some extent and hope to see further improvement as the results keep coming out.It is certain now that the EM contagion has also effected the US market and coupled with bad earning reports of Yahoo and Boeing has seen these levels come about.
Nifty future levels
The Pivot will be at 6135 R1 6160 S1 6093 R2 6201 S2 6065 R3 6270 S3 5996 Bank Nifty Futures The Pivot will be at 10500 R1 10600 S1 10335 R2 10760 S2 10233 R3 11025 S3 9667 The country club indicator SGX Nifty is down and currently at 6061 and heading south.This coupled with the Rupee's downward movement does not augur well for the markets in India tomorrow. The focus is now on the FED announcement at 2 pm est. 12.30 am IST. The DIJA and the S&P will now open about 3/4 th's of a percent down.
The South Africa Reserve Bank Governor Gill Marcus unexpectedly increased its benchmark interest rate, following central banks in emerging markets from Turkey to Brazil that have tightened monetary policy to strengthen their currencies.The Monetary Policy Committee lifted the repurchase rate to 5.5 percent from 5 percent. It was the first increase since June 2008.Turkish lira reversed its 4 percent gain against the dollar to a loss currently.The Indian Rupee stand currently at 62.85 to a US. dollar.It closed at 62.41 to a dollar at 5 pm.
A United Nations report ranked 16 among the top 20 global economies receiving the most FDI, seeing a 17 percent growth to USD 28 billion in 2013.According to the UN Conference on Trade and Development (UNCTAD) report’s , India’s foreign direct investment (FDI) inflow has grown despite unexpected capital outflows in the middle of the year. The report also said, global FDI increased by 11 percent in 2013 to an estimated USD 1.46 trillion, with maximum share going to the developing countries.
As per the report, FDI flows to developing economies reached a new high of USD 759 billion, accounting for 52 percent, during the year. The developed countries, however, remained at a historical low (39 percent) for the second consecutive year. FDI inflows to developed countries increased by 12 per cent to USD 576 billion, with investments to the European Union increasing, and flows to the United States continued their decline, . The BRICS – Brazil, Russian Federation, India, China and South Africa – continued in attracting FDI. The report also added , that their current share of global FDI flows at 22 per cent is twice that of their pre-crisis level. After a wonderful start earlier in the day the European indeces are in familiar territory, that is in red.The exuberance on Turkish rate hike is over and fed pronouncements and earnings have taken the centre stage. This has brought down the index and will remain in red till some sort of clarity emerges.
The euphoria over Turkish rate hike is over and the anxiety as to what the feds will come out is the question which has pushed the DIJA and S&P futures in to red.The question of linking the job market threshold of 6.5 percent to the rise in interest rate is giving some people anxious moments as the unemployment rate is now standing at 6.7 percent and has no relevance as such.The reason why it is at 6.7 percent is because the employment rate did not come down on it's own rather people have stopped looking for a job and got themselves of the books.In any case Janet Yellen has to take over and then we could expect a forward guidance out by March under guidance.But then strange are the way anything can happen.Now we need to wait and see how the market will open and where it goes till and after the policy announcements happen.
The NIFTY & SENSEX is in firm grip, screams a top line on money control.com.This market is turning out to be in the grip of some kind of a power who decides before it opens on where it goes and where it will end.This may be true to a large part, and especially when you have the DII's &FII's with divergent views of the market.They have different buying and staying power. Neither has complete control of the market as such.It makes one wonder if fundamentals of the market are also being followed or is it for the analysts to make remarks and those who come on t.v to collect money.
ICICI did come out with a decent set of numbers given the circumstances, and as soon as the Chanda Kochar comes on, the stock tanks.However, there was some sign of recovery and it held the 1000 mark.The SSLT stock was taken down despite the good set of numbers it came out with, and it would not surprise me to see the stock bouncing back in the coming days.It will head for the 217 levels.This stock will be the surprise of the year.And one stock which is not a surprise, is RELIANCE, short at the highest point of the month which could be in and around 890 -900 and then wait patiently for closing and you can square of near 830 to 820 level. This is like collecting a monthly salary from the company? Bank nifty is still in reverse gear, and the star of the day was Maruti who did a TCS in recovery.Makes me wonder whether it takes people, over a day ,to understand the results and the first reaction when a result is declared is short it.This is exactly what Ichan said about Apple yesterday when he dumped half a billion into the stock.They do not understand results or read it wrongly. Well, the poor retailer is at the mercy of the market makers, who have their own agenda, especially at the month end.I would not be surprised if the market moves over 50 to 80 points either way tomorrow.The oi and options will give an insight and who did what as regard to buying and selling.This will give us an indications as to where the Index will head tomorrow. The rupee has pared its earlier gains and the brokers are looking at 63 levels once again. Is this because they are preparing for the FED announcement?, which is a forgone conclusion, or the feds view on interest rates,which could be increased any time soon. The cat is still dead and may be it will bounce tomorrow.Whether it is for the good or worse we need to wait and see .Or is 6220 the figure the market makers or in colloquial term the operators have set for closing tomorrow if so, then the cat should bounce. All eyes on ICICI numbers, this stock is key to the recovery of the Bank Nifty and the Nifty. If this company's result is good then we shall see a rally coming up if it is below expectations then we see the nifty loosing all its gains. The weightage this stock has on the index is substantial. Hence need to watch it closely.Europe futures look very green but then we bad news in the market locally it will not matter much. However if the result is good and the Europe opens very green the cumulative, effect will be a rally towards 6180......
A very curious term indeed, but used quite frequently in the stock market, now is the Indian market trying to recreate this phenomenon? The way the nifty has recovered or trying to recover gives me this feeling that it is a dead cat bounce.What can one do in this type of situation?, make the best of the rise, if in break even or profit exit all positions and wait for the trend lines to establish clearly and then enter the market.
The argument can be, that if the market is behaving in such a fashion, why not short indiscriminately???? I am a cautious person...why take a risk, safe for the market to bottom out, and uptrend established...and ride up from the lowest....FEAR , GREED trade off......in any case a clear bull run will begin from 6260 spot on Nifty and not otherwise. The FEDS are going to announce, for certain, another 10 billion dollar cut in QE to take it to 65 billion ...if by an outside chance this does not happen then we can see a rally coming up. I am more worried that the FEDS are contemplating about the delink of interest rate hike from the employment figures which they have now kept at 6.5 percent unemployment level. All in all, a time to be extremely wary of the market movements, and play safe ...remember cash is king at the moment. Buys for the day in feb series, sslt, zeel, suntv., tata steel below 360 spot watch where it goes and then climb on futures for feb series.
The Dow finally closed 90 points and the S&P nearly 11 points up.This effect has rubbed off on the Asian markets where every thing is in green .The Sgx Nifty is about 17 points up , if things remain the same or slightly better we could see a good recovery in our markets too.
Turkey's central bank hiked its overnight lending rate to 12% from 7.75% Tuesday following an emergency midnight meeting. The Turkish lira jumped against the U.S. dollar, with the dollar falling 2.7% to buy 2.19 lira versus around 2.25 before the news came out.Here we were all worried about a 0.25 percent increase in the Repo rate.
Less than an hour to go for closing and DIJA , S&P, and to some extent NASDAQ after the trip into red are in a respectable position,after a few days of turmoil. Now it depends on the FED announcement and what the President says in his state of the union speech tonight.There is a co relation between the speech and the DIJA ...now that is a new one...but exists.We should see the ASIAN market open in green hopefully and the SGX Nifty recovering in the morning.The Rupee recovery will play a large part in the Nifty and market recovery. Turkey should announce a major rate hike and that announcement has already done good for the Turkish lira.The target tomorrow is Nifty should close near 6200 if all goes well an we shall see the closing in the 6220 to 6240 range.The Nifty range and support resistance levels will be put up by morning.
Some stocks which I have entered, WILL enter into and recommend for the feb are
1.TATA MOTORS 6. LNT 11.SOBHA IN CASH (AROUND 275) 2. TATA STEEL 7.BHEL 12.TECH MAHINDRA (BELOW 1700) 3. ICICI 8.ZEE TV. 13. SUN T.V. 4. SBI 9. APOLLO TYRES 14. SUN 5.SSLT 10. CADILA HEALTH CARE 15. WOCKHARDT Do your analysis , recheck whether they will perform, before entering into a trade and as usual check with your CERTIFIED financial adviser. I am working on more and will post as I go along. Well Obama will be delivering the state of the union report in some time to come .I thought it has been a hectic 10 days since this blog began and I am pleased to let all know we have gone over 600 unique hits per day in a 24 hr cycle. We have seen foot falls over 4500 in a ten day span and increasing substantial.I am getting this right? Do let me know as to where I can improve and what I should cut down.
There are many new developments being planned and one of them is the broadcast messaging system which will be introduced come 1st of Feb.Some of the guys are working on it and soon to be released.It is by request and on verification.We do not want the riff raffs from MMB invading this space. It is meant for development of healthy discussion, learning and communication during trading day. Keep your comments, ideas views and requests flowing. I never had to delete a comment till date and most have been helpful and inspiring. Nifty Futures
Above 6145 may see higher level 6170, upto 6225 Below 6120 may see lower level 6095 upto 6045 Bank Nifty Futures Above 10565 may see higher level 10625, upto 10765 Below 10500 may see lower level 10460 upto 10270 The DIJA was dropping and the Nasdaq has gone red and along comes Ichan who ends up buying half a billion dollars worth of Apple shares.Need not say what it did to the index. Well he truly believes that the company is buy on dips, and he will use this opportunity to get more leverage to see Apple uses the cash pile it has to generate value for its shares and in turn the stock h
Some of you have asked me about my views on TCS and INFY. TCS has gone ex dividend, and we could see some correction , but with the markets going up we could see it also recovering by 50 to 90 points soon, in the coming month.It will enter into a trading range before breaking out in march for the year end result.We can see it crossing 2350 by FEB end and finally reaching 2400 level by end march before the results.The results will be exceptional and finally allow it to break the 2500 level and go forward towards the 3000 level.The ride from 2500 to 3000 will be a faster one.
INFY is an entity one has to be careful in predicting over a quarter, given the variables in which the company operates in, yes, it will rise provided nothing adverse happens to the company , such as more exits, or get embroiled in activity which can be termed questionable and cut the momentum of the rise. It will enter into a trading range soon enough and then rise when the market enters the big ride up. We may see it close to 3850 to 3900 near results which will give its final push provided they have been able to deliver all what they have promised, this being the most important issue on the table. Have the mutual funds investing in EM’s reached the level where they are completley out? Well analysts may say they have not and we could see more pain but then who knows exactly when and where the pain will end. But then we know for certain the following,
Nifty future levels
The Pivot will be at 6133 R1 6179 S1 6094 R2 6217 S2 6045 R3 6301 S3 5962 Bank Nifty Futures The Pivot will be at 10526 R1 10720 S1 10327 R2 10920 S2 10132 R3 11315 S3 9737 The DIJA is now on an upward trajectory as the consumer confidence report has come out favorable and this is the trigger which DOW was looking for to take it higher up.Some more good earnings report we could see it closing in triple digits today.
|