Hi Friends,

Unfortunately due to some time constraint I wasn’t able to make an update last week. However not much has changed in terms of price levels mentioned in the last update. The S&P500 is near the zone of 1172 and the Nifty achieved the 6200 mark. In my last update I had tried to point [...]

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Hi friends,

Last week was a set of mixed data coming in from Europe and US. Advance retail sales US (Aug) was a tad better than expected at 0.4% increase over the previous month  vs analyst expectation of 0.3% . Below is the chart of advance retail sales [...]

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 Hi friends,

Wishing all my Indian readers a Very Happy Independence Day!!!! It’s been 64 years since India became a free country and inspite of all the difficulties the country has faced it is still looking ahead towards prosperity. It is my sincere wish that one and all in India benefits from the growth story and [...]

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Hi friends,

Cover 50% of the shorts at 1065( earlier entered at 1125). The fall in the S&P500 is likely to be deeper. So continue to hold the balance 50% with a SL at 1095. In case there is a bounceback we can think of adding shorts at higher levels.

Savio

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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 [...]

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