Hello Friends,
Today is expiry and unfortunately didnt get time to take a look on market news after tiredness of whole, day. Still viewing new and if find time then will post else today we will remain dry.
FaceBook - Be on board, will try to get some calls for the day.
Remember I dont enter market before 10.30, so you can get in touch at blog after 10.30.
SOME KEY POINTS TO TAKE CARE TODAY -
1.
Its expiry day, market went under oversold zone, so a sharp bounce is expected (if not rolled out), also as told you many times, last 3 days will be buying zone for DII ahead of financial book closer, so if you look at calender today its 28, and 29 Friday, 30&31 is holiday, so these are only 2 days left to buy.
FII is not in buying zone, they are just waiting to finish buying by DII, and then will be interesting to see who starts selling first.
2.
In a major achievement for India in its campaign for reforming the international financial architecture, BRICS nations on Wednesday decided to establish a new development bank to finance infrastructure and to create a USD 100 billion Contingency Reserve Arrangement to tackle any financial crisis in the emerging economies.
The decision was taken at the BRICS Summit here which also launched a Business Council to encourage investment and trade in member countries and to expand business cooperation. Leaders of the inter-continental grouping including Prime Minister Manmohan Singh, met here this morning for an extended session and accepted the report of their finance ministers saying "we are satisfied that the establishment of a New Development Bank is feasible and viable".
3.
Private sector lender Yes Bank has constituted a 100% subsidiary company Yes Securities India Ltd to kick start its brokerage business by August-September, 2013. According to Jaideep Iyer, senior president financial management, the lender is also considering the acquisition of a small broking firm. The exercise is seen as a part of building customers base before it finally launches home loan products.
===== FaceBook Request ====
Friends - as told, please ensure to also send a message "I am blog reader/follower" along with your friendship request (to ensure you are from market fraternity), as I have restricted entries to FB only for blog members/readers and dont want any unknown person to take advantage from it.
Also its difficult to check blog list for every individual during market hours.
Today is expiry and unfortunately didnt get time to take a look on market news after tiredness of whole, day. Still viewing new and if find time then will post else today we will remain dry.
FaceBook - Be on board, will try to get some calls for the day.
Remember I dont enter market before 10.30, so you can get in touch at blog after 10.30.
SOME KEY POINTS TO TAKE CARE TODAY -
1.
Its expiry day, market went under oversold zone, so a sharp bounce is expected (if not rolled out), also as told you many times, last 3 days will be buying zone for DII ahead of financial book closer, so if you look at calender today its 28, and 29 Friday, 30&31 is holiday, so these are only 2 days left to buy.
FII is not in buying zone, they are just waiting to finish buying by DII, and then will be interesting to see who starts selling first.
2.
In a major achievement for India in its campaign for reforming the international financial architecture, BRICS nations on Wednesday decided to establish a new development bank to finance infrastructure and to create a USD 100 billion Contingency Reserve Arrangement to tackle any financial crisis in the emerging economies.
The decision was taken at the BRICS Summit here which also launched a Business Council to encourage investment and trade in member countries and to expand business cooperation. Leaders of the inter-continental grouping including Prime Minister Manmohan Singh, met here this morning for an extended session and accepted the report of their finance ministers saying "we are satisfied that the establishment of a New Development Bank is feasible and viable".
3.
Private sector lender Yes Bank has constituted a 100% subsidiary company Yes Securities India Ltd to kick start its brokerage business by August-September, 2013. According to Jaideep Iyer, senior president financial management, the lender is also considering the acquisition of a small broking firm. The exercise is seen as a part of building customers base before it finally launches home loan products.
===== FaceBook Request ====
Friends - as told, please ensure to also send a message "I am blog reader/follower" along with your friendship request (to ensure you are from market fraternity), as I have restricted entries to FB only for blog members/readers and dont want any unknown person to take advantage from it.
Also its difficult to check blog list for every individual during market hours.
GM Friends, mkt is down ahead of expiry, also The current account deficit for the quarter ended December will be announced later in the day, market has already priced in a disappointment on that count
ReplyDeleteIndices have now fallen in seven out of the last eight sessions, reflecting the bearish sentiment in the market. Stocks have tumbled despite foreign funds not having sold in a big way.
So as told in MB note cautious approach is suggested for next few sessions as slowly-slowly FII can start profit booking due political uncertainty.
MG sir...tomorrow again is holiday for Good Friday hence DII have only one day and thats today.....
ReplyDeletePlease share your views
Yes, but their buying is not supporting mkt, Nifty may expire in range say around 5650.
DeleteBuy DLF April 250CE around 3.75 SL 2.5 TG 6+ (Right now 1 lot only)
ReplyDeleteMissed the call because of work at office: (
DeleteOK bye friends, see you on Monday. DLF started its upward journey, hope you will enjoy the ride in coming sessions.
ReplyDeleteHi sir i am farid jesani i am your silent follower since 4 months i would like to follow you on facebook so can you please add me thanks in advance facebook id is jesanifarid
ReplyDeleteSir, i want to join u on FB. What's your groups name there?
ReplyDeleteIts so simple - just seacrch MudraGuru @FB
Delete