Dhanvarsha crucial Nifty Futures Levels
<<<5930>>><<<5958>>><<<5974>>><<<<6001>>><<6029>>><<<6056>>><<<<6083>>>>
Flat to positive opening is expected with dilemma.....short covering and rolling over in last hour in previous session boosted up the Nifty by 80 Points from day's low .... previous day's close level at 5990 was unable to stop the Up move as last move was supported by gr8 momentum and inverted head and shoulder pattern technically ..
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News clip
The rate of wholesale food inflation rose to 16.44 per cent for the week ended September 18, compared to 15.46 per cent the previous week, mainly due to heavy rain and floods in some parts of the country resulting in a temporary disruption in supply of essential food items.
Food prices have been rising since August and this is for the fifth week in a row that the food inflation has risen. However, according to Finance Minister Pranab Mukherjee, the prices would gradually start cooling down after monsoon.
“Inflation has increased, particularly in food items like jawar or bajra and pulses, fruit, vegetables, meat and eggs. Prices of all these food items have increased. This is an area of concern. But I do feel that after the monsoon period is over, and I do feel it would (be) over in a few days, there would be some moderating influence. And, the monetary policy which we have adopted will also mop up excess liquidity from the market,” Mukherjee said in New Delhi Yesterday .
On the other hand, analysts and economists are not ruling out any action by the Reserve Bank of India (RBI) in its review of the monetary policy in November, even as it has already tightened its grip to a large extent. Earlier this month, RBI had raised its short-term borrowing rates by 50 basis points to 5 per cent and lending rates by 25 basis to points to 6 per cent. RBI Governor D Subbarao had said inflation might continue to be high for a few months.
Current account deficit triples as imports soar
India’s tripled in the June quarter as imports soared, raising the spectre of volatile currency when the tide of overseas fund flows turns.
Interest rate differentials between the domestic market and the developed nations raised the external debt too as companies found it beneficial to borrow in dollars. Widening deficit may make the central bank’s job of ensuring stability in the foreign exchange market, inflation and interest rates tough, economists say.
Current account deficit in the June quarter widened to $13.7 billion, from $4.5 billion in the year earlier, a data released by RBI showed. Current account in the balance of payments measures the net position of a country’s exports and imports of goods and services.
“RBI has a tough task striking a balance between inflows, exchange rate and controlling inflation,” Bloomberg News quoted Rahul Bajoria, a Singapore-based economist at Barclays as saying. “The deficit will increase the headwinds and lead to a weakening of the rupee in the short term.”
Cheap money sloshing around the globe is finding its way to developing nations including , pushing up local currency values. This leads to higher imports while exports stagnate due to consumer reluctance in the West to spend because of rising unemployment. Although foreign fund flows into India, expected to be an all-time high of $25 billion this year, are pushing up stock prices, they are hurting exports and may shake the economy when overseas investors pull their money out.
The trade deficit was higher at $34.2 billion during the quarter compared with $25.6 billion during the year earlier. While rising imports are an indication of strong demand that could help the country achieve 8.5% growth, a sustained deficit could undo the achievements so far, say economists.
“Risks of a near-term shock over the BoP remain,” Chetan Ahya, Asia-Pacific economist at wrote in this paper recently. “Policymakers have, in effect, taken on more risk in pushing growth and the remaining exposed to the risk of a rise in oil prices above $90/bbl and global risk aversion affecting capital inflows into emerging markets. Under either of these conditions, the currency could depreciate and short-term interest rates spike up, hurting investment and growth — precisely the areas policymakers are aiming to accelerate.’’
http://economictimes.indiatimes.com/news/economy/finance/Current-account-deficit-triples-as-imports-soar/articleshow/6661478.cms
It is recommended that book your profits at each swing high...and try to enter in stocks which are available at oversold zones at low valuations ...
Trade according to the TREND ...
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Many friends are not able to understand my concept.. coz i am not asking them to buy above and sell below as per the present tradition ...so my answer for them is... think zara hat ke...come out from old pattern of 19th century, we are in 21st century so how long we will or you will follow the same old principles...Every day I am proving that my concept is practical and workable ..you just have to see where is the current market price ...and story finish ..
levels below the CMP in the hold of Bulls and they will care for it, till their last breath and levels above CMP will be in the control of Bears ...and they will be there to protect the particular level ...
Now you can imagine easily if forces are there to save the level.... is it simple or easy to penetrate it? ???
Obviously the answer will be No ...
so How the level will break now ...?
to break upper level say roof / resistance/Bear grip what will be needed ....buying pressure with volumes ..which will be generated by good news ..
and for breaking the lower level /support /Bull grip.... need is only of bad news, due to that all lower levels will break easily .... will create panic in bulls , bear will start celebrating their victory ... benefited by bad news ...and the stream will be continue ....
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e mail : kailash123p@yahoo.co.in
contact : 9451659275,9452160309
so How the level will break now ...?
to break upper level say roof / resistance/Bear grip what will be needed ....buying pressure with volumes ..which will be generated by good news ..
and for breaking the lower level /support /Bull grip.... need is only of bad news, due to that all lower levels will break easily .... will create panic in bulls , bear will start celebrating their victory ... benefited by bad news ...and the stream will be continue ....
To avail gains on every trade please subscribe for Dhanvarsha Tips / advisory services( premium ) ..Stocks ...Nifty ...futures / options...
solution is here ...
e mail : kailash123p@yahoo.co.in
contact : 9451659275,9452160309
