The Indian economy grew with just 5.3% in the fourth quarter, this is first time GDP data has fallen to 5.3% level after 2003, making a nine year low. Also shocking news after the data release was the RBI is still not expecting rate cuts as inflation still remains important concern. The services sector is the largest contribution to GDP, it grew at 7.9% against 10.6% last year. Services sector ... [Continue Reading]
Nifty Future a buying opportunity for Intraday Trading
Nifty future intraday chart shows nifty future is more likely to bounce for intraday trading, so I would suggest traders to look at 4945 level for long entries with 20 points gain in this trade hence targets will be 4965 level. Stop loss also 20 points i.e at 4925 zone. Here Risk-Reward-Ratio is 1:1 and I wont be taking this trade today, as I will be busy with some other work. On 15 min charts ... [Continue Reading]
Next Strong Resistance for Nifty futures at 4960 level, Short Selling Opportunity
Nifty future last week bounced from very good support level, but this bounce was a technical bounce and fundamentals had not changed at all. I am still of the view that nifty will be add some selling pressure around 4960 levels as level being strong resistance here. In the below chart the retracement of November 2010 high to low of December 2012, 23.6% level falls at 4967. Also retracement from ... [Continue Reading]
Stocks Trading Strategy at time of Results and Advance Tax Numbers
After receiving many mails from traders, suggesting me to reveal some trading strategies on stock trading at the time of results declaration. So I have decided to share one stock trading strategy that can give you sure shot 100% guaranteed return, I am seeing smile on your face. :) Here it is, before results data come into market there is also something known as Advance tax numbers. This advance ... [Continue Reading]
Petrol Price Hiked by Rs.7.50 per liter, Diesel no change
Today the Oil marketing companies such as HPCL, BPCL and IOC has hiked petrol price by Rs.6.28 per liter, which will become effective from midnight 24-05-2012 i.e from Thursday, when included sales tax price hike stands at Rs.7.50 per liter. We were already highlighting this in our previous articles, as Indian rupee has been continuously falling against the US dollar, hence making the import cost ... [Continue Reading]
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