Hi friends,
Keep a limit order at 106 5.50 (entered at 1125 or added at 1100) and cover 50% shorts.
Savio
Indicators
Written By: Savio Rodrigues on August 19, 2010
No Comment
Written By: Savio Rodrigues on August 2, 2010
No Comment
Hi friends,
Exit the nifty August futures recommended between 5400-5410 at around 5423. The nifty could head higher to about 5480-5500.
Savio
Written By: Savio Rodrigues on July 30, 2010
No Comment
Hi friends,
It was wait and watch the whole week. The nifty July futures contract expired yesterday and now we are into the August series. The market has discounted most of the good news to the optimum and the bad news seems to have been ignored altogether. The focus is now going to shift to the [...]
Written By: Savio Rodrigues on July 23, 2010
No Comment
Hi friends,
It was a day of getting Stopped out. We got stopped out both on the S&P500 and on the Nifty futures. However we are still short on the QQQQ. The US market still remains in uncertain territory and so right now one needs to just wait patiently before getting back into position. The Indian market on the other [...]
Written By: Savio Rodrigues on July 21, 2010
One Comment
Hi friends,
Revise yourshort entry point on the S&P500 to 1085 with a SL at 1095. The markets seems to have discounted most of the good news in terms of earning and is most likely to resume its downward journey. This time it is likely that support of 1040 will give way. So one can even [...]
Written By: Savio Rodrigues on July 21, 2010
No Comment
Hi Friends,
Yesterday our trailing SL on the S&P got triggered at 1078. However we still locked in 19 points. I had mentioned in my weekly update that there was a possibility of a pullback after the sell off on Friday. Inspite of the pullback the sentiment is still weak.Housing data has not been encouraging and it appears that [...]
Written By: Savio Rodrigues on July 20, 2010
No Comment
Hi friends,
I had mentioned earlier that India would be having a problem maintaining its GDP as supply sided inflation was increasing at an alarming rate. The Finance Minister today made a statement saying that the India would most likely achieve a GDP of 8.5% and not 9.5% as was estimated earlier.
Inflation is set to rise in [...]
Written By: Savio Rodrigues on July 18, 2010
No Comment
Hi friends,
The Dow and S&P saw a sell off on the last trading session of the week. A few of the larger corporates like GE, Citigroup and Bank of America reported earning which disappointed the streets. While most Asian markets remained flat to negative during the week. However the Indian market continued to defy gravity [...]
Written By: Savio Rodrigues on June 29, 2010
No Comment
Hi friends,
Cover 50% of your position at 1060. Keep a limit order. CMP is 1066. Hold the balance.
Savio
Written By: Savio Rodrigues on June 25, 2010
No Comment
Hi friends,
The nifty surprisingly is holding and outperforming all global markets. I need to see if there is a break in correlation with the S&P or is it just a fake movement. I suspect the latter. For now cover your positions around 5328 earlier entered at 5338. We will take a short entry later.
Savio
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