Apr 19, 2011

Nifty Premarket View - 19.04.2011

Option reading index for today is (+) 0.42 rise from last trading figure of (+) 3.46 suggests selling pressure. 



Click on Chart to magnify

12 comments:

manu said...

thnx..

means a sell or buy n dips market

sriganeshh said...

manu,

remember due date for QE2 ..indecision probably due to uncertainty. consolidation probably due to long term fundamentals..now it is how one choose to play...!!!

inv said...

extracting:

Levels to watch:
5690 5620 5550 5510

on uppperside 5772 5803 -> 5884

Thanks for the analysis.

Hello Manu, Thanks for interpretation.

manu said...

due date for qe2?
or planning qe3?

i didnt get it..or fed will stop buying treasuries in june ..bloomberg..

nyways india will attract money ..
for neo r Ew 5600 s last temple..

for funda guys no lvls but intrst rate cycle which seems peaking

manu said...

inv..hi..whch intreprtn..
??

inv said...

manu brother,
"means a sell or buy n dips market"
this

mo h said...

Hi Man[u], :))
what a pleasant day its gonna be for me, this small break was worth it, I came to Sri's site while you are here
:D

Howz life, man! howz N & D!!

I will be online another 2 hours.

mo h said...

Hi Sri,
Fantastic posts!
Great going ...
This only you can do.
All the best.
Hope your work schedule is not very bad, at end of year.

sriganeshh said...

hi moh...

surprise man...how come today u r free...

very bad year ending this time...chalta hai man..

best

sriganeshh said...

manu,

Markets are pricing end of QE2 and no fresh QE which means monetary tightening which may pull money out of emerging markets...
This is uncertainty
Now in india, Int rate cycle is peaking but RBI keeps giving different signals..if you consider the steep rise in yield of recent bond issue for current fiscal year..means fresh round of interest rate increases...whereas growth is getting affected with all this hikes which we read with pending crude price hikes...situation is going out of central bank hands...probable way can be either liquidity easing by CRR cut or by just token hike in repo rates allowing banks to go for growth financing...
But till some measures are announced, markets are indecisive..

manu said...

thnx sri..as always..


mo h pa ji..great to c u..
ur gtalk off kya?

mo h said...

Hi Sri,
Your financial prowess reflects in your posts, very unique.