Trend for Nifty Future dated 22nd APRIL 2014/valuerupee/SunilBehki


 Last close 6838.15

 Benchmark share indices ended at fresh all-time closing highs, amid aggressive buying in late trades, with capital goods and bank shares leading the gains. FIIs have been stocking up capital goods stocks on expectations that policies of the new government at the centre would help kick-start the investment / capex cycle. Quarterly earnings of bluechips would dictate the trend on stock markets this week which may also see volatility amid expiry of derivatives on Wednesday. While this current market rally is largely on account of brightening prospects of the BJP-led NDA coming to power at the Centre, India’s macro outlook is also improving, thus pointing to an extended stability for the INR. Election-led rally apart, quarterly earnings performance will also play a crucial role in deciding the market movement over the next few weeks. FII investment trend, global cues and movement of rupee against the dollar will continue to influence the markets.

 Nifty closed up 38.25 points at 6817.65 while Nifty Future closed at 6838.15, premium of 20.50 points. FIIs bought in Cash, net buy 212.85 Crore while DIIs sold in Cash, net sell 217.66 Crore. FIIs bought in Index Future, Index Option but sold in Stock future, net buy 390.68 Crore..!!!

Yesterday FIIs bought 120322 contracts of Index futures and sold 109241 contracts of Index futures which come to net buy of 11081 contracts worth 378 crores with net open interest increasing by 41500 contracts.

Considering all above facts it seems that FIIs added aggressive long position. Today will be the crucial day to watch out the activity of FIIs.

 The market remains in an uptrend and he sees no reason to short now. Those holding long positions should keep a stop loss at 6736 and buy the Nifty on any dip.

 Traders put a trailing stop loss on their long trades.

On the lower side as long as 6736 remain intact this rally will going to last, if breaks and close below will show first major sign of weakness.

Economic Events dated 22nd April 2014/valuerupee/SunilBehki

Tuesday, April 22
01:00  JPYLeading Index108.5108.5
04:30  HKDHong Kong CPI (YoY)3.90%
04:30  HKDHong Kong Unemployment Rate3.1%
07:45  USDChain Store Sales (WoW)-0.3%
07:45  USDChain Store Sales (YoY)2.3%
08:30  CADWholesale Sales (MoM)0.7%0.8%
08:55  USDRedbook (MoM)-1.0%
08:55  USDRedbook (YoY)2.6%
09:00  MXNMexican Unemployment Rate4.20%4.65%
09:00  USDHouse Price Index (YoY)7.4%
09:00  USDHouse Price Index (MoM)0.6%0.5%
10:00  EURConsumer Confidence-9.1-9.3
10:00  USDExisting Home Sales (MoM)-0.4%
10:00  USDExisting Home Sales4.55M4.60M
10:00  USDRichmond Manufacturing Index0-7
11:30  USD4-Week Bill Auction0.025%
13:00  USD2-Year Note Auction0.469%
18:45  NZDVisitor Arrivals (MoM)2.2%
21:30  AUDCPI (QoQ)0.8%0.8%
21:30  AUDCPI (YoY)3.2%2.7%
21:30  AUDCPI Index Number104.80
21:30  AUDTrimmed Mean CPI (YoY)2.9%2.6%
21:30  AUDTrimmed Mean CPI (QoQ)0.7%0.9%
21:30  AUDWeighted mean CPI (QoQ)0.7%0.9%
21:30  AUDWeighted mean CPI (YoY)2.9%2.6%
21:45  CNYChinese HSBC Manufacturing PMI48.448.0
23:00  NZDCredit Card Spending (YoY)5.9%

U.S. stocks rise on earnings, data

U.S. stocks rose on Monday, buoyed by U.S. data and first-quarter earnings.

U.S. stocks rise on earnings, data; Dow gains 0.25% Stocks rise on earnings, solid U.S. indicators

At the close of U.S. trading, the Dow 30 rose 0.25%, the S&P 500 index rose 0.38%, while the Nasdaq index rose 0.64%.

Stocks continued to applaud earnings released by Morgan Stanley (NYSE:MS), Citigroup Inc (NYSE:C), General Electric Company (NYSE:GE) and Yahoo! Inc (NASDAQ:YHOO) last week, among others, which gave equities indices a boost on Monday.

On Monday, energy services firm Halliburton Company (NYSE:HAL) released earnings that beat expectations, while Facebook Inc (NASDAQ:FB) shares rose after Goldman Sachs Group Inc (NYSE:GS)reiterated a buy recommendation.

Stocks also rose in anticipation of Netflix earnings, which beat expectations after markets closed.

After the closing bell, moving-streaming company Netflix reported earnings of $0.86 cents a share on revenue of $1.27 billion.

Analysts had expected the company to report earnings $0.83 cents a share on $1.27 billion in sales.

Better-than-expected U.S. data also gave stocks a boost.

In the U.S. earlier, the Conference Board reported that its index of leading indicators, which measures future economic activity, increased 0.8% in March after a 0.5% rise in February, beating expectations for a 0.7% reading.

Elsewhere, the Chicago Fed National Activity Index decreased to 0.20 in March from 0.53 in February, in line with expectations.

Leading Dow Jones Industrial Average performers included Pfizer Inc (NYSE:PFE), up 2.00%, Merck & Company Inc (NYSE:MRK), up 1.35%, and International Business Machines (NYSE:IBM), up 1.20%.

The Dow Jones Industrial Average’s worst performers included Walt Disney Company (NYSE:DIS), down 1.12%, UnitedHealth Group Incorporated (NYSE:UNH), down 1.11%, and McDonald’s Corporation (NYSE:MCD), down 0.63%.

European indices, meanwhile, were closed due to the Easter holiday.

On Tuesday, the U.S. is to release private sector data on existing home sales.

India’s forex reserves rise by $2.79 billion to $309.44 billion

India’s foreign exchange reserves jumped by $2.797 billion to $309.444 billion in the week ended April 11 on the back of a healthy rise in currency assets. 

The total reserves had shot up by $2.974 billion to $306.647 billion in the previous week. 

Foreign currency assets (FCAs), a major part of the overall reserves, rose by $2.746 billion to $281.552 billion for the week ended April 11, RBI said on Friday. 

Economic Events dated 17th April 2014/valuerupee/SunilBehki

Thursday, April 17
All DayHolidayMexico – Holy Thursday
All DayHolidayNorway – Maundy Thursday
01:00  JPYHousehold Confidence40.238.3
02:00  EURGerman PPI (YoY)-0.7%-0.9%
02:00  EURGerman PPI (MoM)0.1%0.0%
08:00  BRLBrazilian Unemployment Rate5.4%5.1%
08:30  CADCore CPI (MoM)0.3%0.7%
08:30  CADCore CPI (YoY)1.3%1.2%
08:30  CADCPI (YoY)1.4%1.1%
08:30  CADCPI (MoM)0.4%0.8%
08:30  USDContinuing Jobless Claims2,795K2,776K
08:30  USDInitial Jobless Claims315K300K
08:30  USDJobless Claims 4-Week Avg.316.25K
10:00  USDPhiladelphia Fed Manufacturing Index10.09.0
10:00  USDPhilly Fed Business Conditions35.4
10:00  USDPhilly Fed Employment1.7
10:30  USDNatural Gas Storage34B4B
13:00  USD5-Year TIPS Auction
21:30  CNYChina House Prices (YoY)8.7%

U.S. stocks hammered by tech selloff; Dow plummets 1.62%

U.S. stocks plunged on Thursday fueled by a sell-off in the technology and biotechnology sectors, as investors viewed valuations have grown too lofty.

U.S. stocks hammered by tech selloff; Dow plummets 1.62% Stocks take a nose dive on concerns market has grown too frothy

At the close of U.S. trading, the Dow 30 fell 1.62%, the S&P 500 index fell 2.09%, while the Nasdaq fell 3.10%.

Biotech, Internet and other tech companies, bigt beneficiaries of a five-year bull market fueled in part by loose monetary policies, took a pounding on Thursday on sentiments valuations have grown too high.

Facebook shares plunged 5.21%, search-engine giant Google fell 3.59% while Apple shares fell 1.29%.

read more

Economic Events dated 10th April 2014

Categories Categories
Thursday, April 10
00:00  USDChain Store Sales (MoM)2.7%
02:00  JPYMachine Tool Orders (YoY)26.1%
02:45  EURFrench CPI (MoM)0.6%0.5%
02:45  EURFrench Industrial Production (MoM)0.3%-0.2%
Tentative  CNYChinese M2 Money Stock (YoY)13.0%13.3%
Tentative  CNYChinese New Loans1,000B645B
04:00  EURECB Monthly Report
04:00  EURItalian Industrial Production (MoM)-0.2%1.0%
04:00  EURItalian Industrial Production (YoY)0.7%1.4%
04:00  NOKNorwegian Core Inflation (MoM)0.4%0.6%
04:00  NOKNorwegian CPI (MoM)0.2%0.5%
04:00  NOKNorwegian PPI (YoY)4.0%
04:45  EURSpanish 12-Month Letras Auction0.544%
04:45  EURSpanish 6-Month Letras Auction0.366%
05:10  EURItalian 12-Month BOT Auction0.592%
07:00  GBPBoE QE Total375B375B
07:00  GBPInterest Rate Decision0.50%0.50%
08:30  CADNew Housing Price Index (MoM)0.2%0.3%
08:30  USDContinuing Jobless Claims2,850K2,836K
08:30  USDImport Price Index (MoM)0.2%0.9%
08:30  USDInitial Jobless Claims320K326K
08:30  USDJobless Claims 4-Week Avg.319.50K
09:45  USDBloomberg Consumer Confidence-30.0
10:30  USDNatural Gas Storage13B-74B
13:00  USD30-Year Bond Auction3.630%
14:00  USDFederal Budget Balance-78.0B-193.5B
18:45  NZDFPI (MoM)-1.0%
19:50  JPYCGPI (YoY)1.7%1.8%
19:50  JPYCGPI (MoM)0.1%-0.2%
19:50  JPYM2 Money Stock (YoY)3.9%4.0%
19:50  JPYMonetary Policy Meeting Minutes
21:30  CNYChinese CPI (MoM)-0.5%0.5%
21:30  CNYChinese CPI (YoY)2.5%2.0%
21:30  CNYChinese PPI (YoY)-2.2%-2.0%
23:45  JPY30-Year JGB Auction1.635%

U.S. stocks rally as Fed ditches rate hike target

U.S. stocks rallied on Wednesday after the minutes from the Federal Reserve’s March policy meeting revealed monetary authorities unanimously agreed to ditch a target it was preparing to use to raise interest rates.

U.S. stocks rally as Fed ditches rate hike target; Dow gains 1.11% Stocks applaud dovish Federal Reserve minutes

At the close of U.S. trading, the Dow 30 rose 1.11%, the S&P 500 index rose 1.09%, while the Nasdaq index rose 1.72%.

The Federal Reserve Board of Governors unanimously voted to scrap a threshold at which interest rates would rise once the unemployment rate hits 6.5%, according to the minutes of the Fed’s March policy meeting.

In the past, the Fed had indicated rates could rise when the unemployment rate hits or approaches 6.5% provided that figure accompanied a 2.5% inflation rate.

read more

Trend for Nifty Future dated 9th April 2014/valuerupee/SunilBehki

Categories Categories


 Last close 6744.20

 Nifty closed up 0.70 points at 6695.05 while Nifty Future closed at 6736.70, premium of 41.65 points. FIIs bought in Cash, net buy 703.71 Crore. DIIs sold in Cash, net sell 1081.36 Crore. FIIs sold in Index Option, Stock future but bought in Index Future, net sell 758.02 Crore..!!!

 Nifty making new highs, but what is good for all those investors who bought real estate, capital goods and infrastructure stocks in 2007. How would it matter to them whether Nifty is at a new high or not? Their wealth, which got destroyed in the last six years, has not been even half recovered, though Nifty has scaled new highs.

Guys just shut ears to the media hype on Nifty touching a new high every day. Trade with high caution now…!!! Now whether the number is 6800 or 7000, there is no point in guessing it. Traders put a trailing stop loss on their long trades.

On the lower side as long as 6609 remain intact this rally will going to last, if breaks and close below will show first major sign of weakness.