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Markets to Remain Edgy !

2008-10-07T13:17:00.007+05:30

So the relentless selling continues and the FII's are not in a hurry to be pumping in dollars in the Indian Equity Markets.Liquidity concerns are a big issue and if further proof was needed , RBI cut the CRR by 50 basis points.Also in another major development, the market regulator SEBI announced removal of restriction on issue of participatory notes by foreign institutional investors against securities, including derivatives, as underlying. The announcement was made shortly after trading hours. P-notes are issued by foreign funds registered in India to unregistered overseas investors.Markets will take these positives into account.We feel that we are not isolated from the world markets but we might be the least effected of the lot.For the record , the Sensex lost 724.62 points or 5.78% to 11,801.70 whereas the the Nifty was down 215.95 points or 5.66% to 3,602.35. Meanwhile in the US markets ,On Monday, stocks plummeted across the world on global financial and economic concerns although US markets came off their lows in the last hour of trade.The Dow, NASDAQ and S&P 500 fell 3.5%, 4.3% and 3.8%, respectively, all settling at multi-year lows.In the short term , we feel that US markets might stabilise on the Government intervention.

F&O cues:
Futures Open Interest down by Rs 1,497 crores
Options Open Interest up by Rs 1,611 crores
Nifty Futures add 10 lakh shares in Open Interest
Nifty Open Interest Put Call Ratio at 0.79 Vs 0.90
Nifty Puts shed 7.5 lakh shares in Open Interest
Nifty Calls add 45 lakh shares in Open Interest
Stock Futures shed 30 lakh shares in Open Interest
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2008-08-20T13:15:00.005+05:30

Any Queries ,talk to us at the Messenger on the Right.We are also available at Yahoo Messenger. Contact ID : NsestockTips.

Its important to get the right trades at first and then the tricky part is to know when to book profits or hold for maximum gains.

It was yet another bad session for the markets.Global cues have not been good for a while now and domestic cues have not started improving.Even though corporate earnings have been fine , high inflation , high interest rates and slower growth have been the major issues for our markets.The only solace has been crude oil prices which have come down to the 115dollar range after reaching bubble like highs of 145 dollar plus.The sub prime crisis is still very much in the limelight and it may take some time to wipe off its losses.We feel that concerns in our domestic front will be short lived and for a long term perspective , the India story still holds good.For the record , the Sensex lost 101.93 points or 0.7% to 14,543.73 whereas the Nifty was down 24.8 points or 0.56% to 4,368.25. Meanwhile in the US markets , the markets tanked once again on disappointing retailers' earnings , slowing home building activity and rising inflation.Also crude oil prices rebounded and were trading above 115 dollars per barrel at one point in time.The Dow Jones lost 130 points or about 1.1% whereas the broader S&P 500 index lost 0.9% and the NASDAQ lost 1.4%.Asian markets are trading mostly in green.
F&O cues:
Futures Open Interest up by Rs 1,091 crores

Options Open Interest up by Rs 1,107 crores
Nifty Futures add 10.6 lakh shares in Open Interest
Stock futures add 2.55 crore shares in Open Interest
Nifty Open Interest Put Call Ratio at 1.09 Vs 1.14
Nifty Puts add 2.5 lakh in Open Interest
Nifty Calls add 18.8 lakh shares in Open Interest

2008-08-19T14:03:00.002+05:30

It was another bad session for the markets as selling pressure persisted at higher levels.It was a very volatile and choppy session to say the least.Global cues have not been good even though Crude oil prices are stabilising around 113-114 dollars and are not inching up.Market breadth was negative.Rupee continued its slide against the dollar.For the record , the Sensex ended down 78.52 points or 0.53% to 14,645.66 whereas the Nifty was down 37.65 points or 0.85% to 4,393.05. Meanwhile in the US markets , stocks tumbled yet again on the financial woes as speculation was rife that mortgage finance firms won't be able to raise the capital they need and that a government takeover is inevitable.Crud oil prices close below 113 dollars even as dollar weakened.The Dow Jones was down 180 points, or 1.6% whereas the broader S&P 500 index lost 1.5% and the NASDAQ slumped 1.4%.Asian Markets are trading mostly in the red.

F&O cues:

Futures Open Interest down by Rs 289 crores

Options Open Interest up by Rs 336 crores

Nifty Futures add 8.3 lakh shares in Open Interest

Stock futures add 1.57 cr shares in Open Interest

Nifty Open Interest Put Call Ratio at 1.14 Vs1.15

Nifty Puts add 1.28 lakh shares in Open Interest

Nifty Calls add 4.36 lakh shares in Open Interest

Markets Update !

2008-08-18T12:16:00.003+05:30

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Its important to get the right trades at first and then the tricky part is to know when to book profits or hold for maximum gains.
It was a third consecutive day of losses for the markets as a bout of profit booking as well as high inflation worries kept the markets in deep red.Also this being a long weekend , traders were edgy in keeping open positions.Also the market took into account the disappointing meeting of SEBI as no decision regarding the P-Notes was taken.Rate sensitive stocks were hit the most whereas It stocks gained as rupee weakened against the dollar.For the record ,the lost 368.94 points or 2.44% to 14,724.18 whereas the Nifty was down 98.35 points or 2.17% to 4430.70.Meanwhile in the US Markets on Friday , it was a relatively flat closing for the markets as the Dow Jones and the S&P 500 closed the session up 0.4% whereas the NASDAQ was
down 0.1%. We expect that global cues ,dollar strength,inflation and crude oil prices were guide our markets rather than the corporate earning in the near term.Asian markets are trading mostly in the red.Expect a choppy session of trade for the Indian bourses.

F&O cues:
Futures Open Interest down by Rs 1341 crores
Options Open Interest up by Rs 1492 crores
Nifty futures shed 4 lakh shares in Open Interest
Nifty Open Interest Put Call Ratio at 1.15 vs 1.24
Nifty Puts shed 11 lakh shares in Open Interest
Nifty Calls add 15.7 lakh shares in Open Interest

Markets Update !

2008-08-14T12:06:00.004+05:30

Any Queries ,talk to us at the Messenger on the Right.We are also available at Yahoo Messenger. Contact ID : NsestockTips.

Its important to get the right trades at first and then the tricky part is to know when to book profits or hold for maximum gains.

Not a good day for the markets yesterday's losses were extended today following weak global cues and uncertainty surrounding the SEBI meet.It was a highly volatile session as the market is struggling to go higher in the absence of fresh triggers.Banking and Realty were the big culprits today whereas Pharmaceuticals saw a bit buying.There was addition of 39 stocks in the F&O markets d they were in a zone of their own throughout the day.The market Breadth was negative.For the Record ,the Sensex lost 119.01 points or 0.78% to 15,093.12 whereas the Nifty fell 23.2 points or 0.51% lower at 4529.05. Meanwhile in the US markets ,Stocks tanked for a second straight day as higher crude oil prices, lackluster retail sales and more financial market fears soured sentiments.In fact Crude Oil Prices touched close to 117 dollars. The Dow Jones lost 0.9% whereas the broader S&P 500 index lost 0.3%.The NASDAQ composite was relatively unchanged.Asian markets are trading mostly with a negative bias.Expect weakness on the Indian Bourses too.

F&O cues:

Futures Open Interest down by Rs 151 crores

Options Open Interest up by Rs 1052 crores

Nifty Futures shed 8.75 lakh shares in Open Interest

Stock Futures add 1.78 crore shares in Open Interest

Nifty Open Interest Put Call ratio at 1.24 Vs .30

Nifty Puts add 3.12 lakh in Open Interest

Nifty Calls add 16 lakh shares in Open Interest

Markets Update !

2008-08-13T12:14:00.003+05:30

It was a day of correction for the markets as well as healthy profit was a volatile trading day with the markets recovering from its days lows in the last hour of trade.It was day dominated by the IIP numbers which came out at a not too impressive increase of 5.4 % in June 2008.The sentiment was boosted in the later hours on the news that the conflict between Georgia and Russia would end thus ending the speculation that Crude oil prices might rally from here.The market breadth was poor and volumes were high.Its getting trickier by the day for the markets to post gains.For the record ,the Sensex fell 291.79 points or 1.88% to 15,212.13 and the Nifty fell 68.15 points or 1.47% to 4552.25. Meanwhile in the US markets , it was a tough day on the wall street as profit booking as well as concerns about the financial woes.Even the lower prices of crude oil failed to give an impetus to the markets.The Dow Jones industrial lost 1.2% whereas the broader S&P 500 index fell 1.2% and the NASDAQ lost 0.4%.Asian markets are trading mostly in the red.Expect a gap down opening on the Indian Bourses too but we feel that the downside is limited as of now unless there is a slew of bad news on the fundamental front.

F&O cues:

Futures Open Interest down by Rs 480 crores

Options Open Interest up by Rs 940 crores

Nifty Futures shed 4 lakh shrs in Open Interest

Stock Futures add 87 lakh shares in Open Interest

Nifty Open Int Put Call ratio at 1.30 Vs 1.37

Markets Update !

2008-08-12T10:17:00.003+05:30

So the bulls are roaring back and striking back with vengeance at least for the time being.As we have been saying for the past fortnight that markets look good in the short term but markets have to consolidate here before a further up move would be comprehensive.Anyways,it was a good day for the markets but not a good trading day as most of the gains came in the opening bell and after that it was a relatively flat trading day with no major dips.Buying was seen in realty and interest rate sensitive stocks as sentiments were further boosted by fall in crude oil prices and good global cues.Market breadth was positive even though volumes were low.For the record , the Sensex rose 336.10 points or 2.22% to 15,503.92 and the Nifty rose 90.90 points or 2.01% to 4620.40.Meanwhile in the US Markets ,it was another day of gains for the markets even though the gains were modest after some profit booking in the closing hours.Crude oil prices were sub 113 dollars at one point in time that was the major reason for the markets to rally as there was very little corporate news and no economic data to focus on.The Dow Jones gained 0.4% whereas the broader S&P 500 index gained 0.7% and the NASDAQ gained 1%.Asian Markets are trading mixed at the moment.Expect a rangebound and volatile trade in the first few hours of trade.

F&O cues:
Futures Open Interest up by Rs 1488 crores
Options Open Interest up by Rs 1928 crores
Stock Futures shed 16 lakh shares in Open Interest
Nifty Futures add 15 lakh shares in Open Interest
Nifty Open Interest Put Call ratio at 1.37 Vs 1.32
Nifty Puts add 28 lakh in Open Interest
Nifty Calls add 10 lakh shares in Open Interest

Markets Update !

2008-08-11T09:39:00.007+05:30

The Indian markets as expected consolidated themselves in a range bound trade on Friday and managed end in the green after being in the red for most of the day.It was quite a choppy trade during the day but with the Crude oil prices falling and US stock futures reflecting a higher start , the markets gained in the last hour of trade.Although market breadth was poor.We feel that in the short term , the markets look fine as long as the global cues and crude oil prices continue to be in the comfort zone.The fundamentals surrounding the Indian markets like high inflation , high interest rates , slowing growth rate have not changed and thus in the near term , one can expect a good correction after the recent rally.India's inflation rose 12.01% in the year just above the previous week’s 11.98% rise.For the record ,the Sensex was up 50.57 points or 0.33% at 15,167.82 and the Nifty was up 5.65 points or 0.12% at 4529.50. Meanwhile in the US markets , it was a great day for the markets as they made hefty gains after crude slumped to the 115 dollar mark and dollar itself got stronger.On the flip side , Fannie Mae reports wide loss.Asian markets are trading mixed at the moment.Expect a huge gap up opening on the Indian Bourses.

F&O cues:

Stock Futures add 3 crore shares in Open Interest

Futures Open Interest up by Rs 1,283 crores

Options Open Interest up by Rs 1,247 crores

Nifty Open Interest Put Call Ratio at 1.32 Vs 1.33

Nifty Puts add 12 lakh shares in Open Interest

Nifty Calls add 11 lakh shares in Open Interest

Markets Update !

2008-08-08T11:36:00.004+05:30

Any Queries ,talk to us at the Messenger on the Right.We are also available at Yahoo Messenger. Contact ID : NsestockTips.

Its important to get the right trades at first and then the tricky part is to know when to book profits or hold for maximum gains.

Well it was a repeat of yesterday's trading and a flat ending for the markets.These sharp falls from the highs are not good confidence boosters in an already bad market trying to regroup itself.But we feel that in the short term , markets look fine and will bounce back sooner than later.Inflation rose 12.01% slightly above the previous week’s 11.98%. It's the highest inflation in the last 13 years.The market breadth was just about positive.The FII numbers have been encouraging in the past two days even though there has been a touch of selling pressure and profit booking from the Domestic investors.For the record , the Sensex rose 43.71 points or 0.29% at 15,117.25 and the Nifty was up 6.30 points or 0.14% at 4523.85.Meanwhile in the US markets , it was a day of turmoil after Insurance giant AIG posted quarterly loss of more than 5 billion dollars.Also reports of higher consumer borrowing costs, weaker spending soured sentiments as well as rising crude oil prices.Its all about the three C's in US right now : Credit , Crude and Confidence.The Dow Jones slumped 220 points, or 1.9% whereas the S&P 500 index lost 1.8% and NASDAQ was down by 1.0%. Asian Markets are trading mixed at the moment. Expect a volatile and choppy trade on the Indian bourses.

F&O cues:

Futures Open Interest up by Rs 1,395 crores

Options Open Interest up by Rs 1,403 crores

Stock Futures add 2.5 crore shares in Open Interest

Nifty Futures add 10.6 lakh shares in Open Interest

Nifty Open Interest Put Call Ratio at 1.33 Vs 1.32

Markets Update !

2008-08-07T10:32:00.003+05:30

Overall a good day for the markets but with the markets giving most of their gains in the last hour of trade it could have been a terrific day.In fact we were up more than 400 points during the day.It was a touch of profit booking after the recent rally and also showed the market sentiment at higher levels is quite poor.Investors don't feel comfortable at higher levels and want to book profits.We feel that this won't last long and sooner than later,we will break out and reach higher levels.The market breadth turned negative during the last hour and volatility was at its best.For the record , the Sensex rose 112.47 points or 0.75% to 15,073.54 and the Nifty gained 14.70 points or 0.33% to 4,517.55.Meanwhile in the US markets , it was a very choppy trade but the stocks managed to post gains in late trade as oil prices came down once again.Also Cisco Systems improved earnings and talk of a big share buyback plan at Microsoft lifted the sentiments.The Dow Jones and the broader S&P 500 index both added around 0.3% whereas the tech heavy NASDAQ jumped 1.2%.Asian markets are trading mixed.Expect a range bound and choppy trade in the Indian bourses during the opening hours of trade.

F&O Cues :

Futures Open Interest down by Rs 113 crores

Options Open Interest up by Rs 2,534 crores

Stock Futures shed 1.7 crore shares in Open Interest

Nifty Futures add 7.5 lakh shares in Open Interest

Nifty Open Interest Put Call Ratio at 1.32 Vs 1.35

2008-08-06T09:53:00.005+05:30

Any Queries ,talk to us at the Messenger on the Right.We are also available at Yahoo Messenger. Contact ID : NsestockTips.

Its important to get the right trades at first and then the tricky part is to know when to book profits or hold for maximum gains.

It was not a great day for the markets as we started off well and ended in the green and extended our gains in the present rally.We still feel that we are not out of the woods yet but even if the macro economic fundamentals surrounding the markets improve a little , we might see higher levels as the short term outlook is positive as we were in a very oversold position.Crude oil Prices slumped again and that was the major trigger for our markets.As said earlier , we feel that fundamental issues like crude oil prices , inflation , global cues will have more of a say in the direction of the markets rather than the quarterly earnings as sentiment has been very poor for quite some time now.For the record, the Sensex advanced 383.20 points or 2.63% to 14,961.07 and the Nifty surged 107.5 points or 2.45% at 4,502.85.Meanwhile in the US markets, it was a terrific rally as the Fed kept the interest rates unchanged as widely expected.The markets posted gains after three days of consecutive losses as they cheered about tanking crude oil prices and Federal Reserve's assessment of the nation's economy. The Dow Jones jumped 2.9%, or 331 points whereas the broader S&P 500 index gained 2.9% and the tech heavy NASDAQ advanced
2.8%.Asian Markets are trading mostly in green.Expect a huge gap up opening on the Indian bourses too and also a trading zone mostly in the upper band throughout the day.

F&O cues:

Futures Open Interest up by Rs 2,214 crores

Options Open Interest up by Rs 2,008 crores

Nifty Futures add 5.5 lakh shares in Open Interest

Nifty Open Interest Put Call Ratio at 1.35 Vs 1.28

Nifty Puts add 28 lakh shares in Open Interest

Nifty Calls add 10 lakh shares in Open Interest

Markets Update !

2008-08-05T11:30:00.008+05:30

It was a choppy session for the markets as they oscillated both ways throughout the session and ended with modest losses.It was not a bad day for the markets after the gains posted in the previous series.There were signs of profit booking at higher levels and selling pressure in banks , capital goods and power stocks.We sense that the market is in consolidation phase and look to extend the gains of the previous series in the short term.Most of the negative news in terms of high crude oil prices , high interest rates , inflation seems to have been factored in by the markets.For the record ,the Sensex settled 78.82 points or 0.54% lower at 14,577.87. The Nifty lost 18.2 points or 0.41% to settle at 4395.35.Meanwhile in the US markets , falling crude oil prices could not stop the markets from posting losses for the third consecutive day.Investors ponder over the health of the economy and are awaiting the Federal Reserve's interest rate policy decision and statement on Tuesday.Crude oil prices slumped to around 120 dollars per barrel.The Dow Jones industrial fell 0.37% whereas the S&P 500 index lost 0.9% and the tech heavy NASDAQ lost 1.1%. Asian Markets are trading mostly in red.Expect a range bound trade in the Indian Bourses at least till the noon session.

F&O cues:
Futures Open Interest up by Rs 628 crores
Options Open Interest up by Rs 1,677 crores
Nifty Futures add 1.5 lakh shares in Open Interest
Nifty Open Interest Put Call Ratio at 1.28 Vs 1.35
Nifty Puts add 9 lakh shares in Open Interest
Nifty Calls add 18 lakh shares in Open Interest

2008-08-01T10:07:00.003+05:30

Any Queries ,talk to us at the Messenger on the Right.We are also available at Yahoo Messenger. Contact ID : NsestockTips.

Its important to get the right trades at first and then the tricky part is to know when to book profits or hold for maximum gains.

The July Futures series ended on a positive note as the markets extended their gains on Thursday.It was a range bound trading day but with a lot of volatility and choppiness.Market Breadth was not impressive.The markets were circumspect before the inflation numbers.The wholesale price index rose 11.98% to the previous week's 11.89%.Crude Oil prices were a bit subdued at hovering around the 123 $ mark. We expect Global cues , Crude oil prices and monsoon to have a major say in the direction of the markets rather than the quarterly earnings.For the record , the Sensex rose 68.54 points or 0.48% at 14,355.75 whereas the Nifty was up 19.40 points or 0.45% to 4,332.95. Meanwhile in the US , the stocks nose dived last night on account of a government report on Thursday that showed the economy grew at a slower-than-expected pace in the second quarter hurt market sentiment, as did a surge in initial jobless claims.Although NASDAQ posted modest losses after being in the green for most of the day as Motorola earnings that were better than expected and by promising bio tech news.The Dow Jones slumped 206 points, or 1.8% lower whereas the broader S&P 500 was down by1.3% and tech heavy NASDAQ ended just 0.2% down.Asian markets are trading mostly in red.Expect a gap down opening on the Indian Bourses as well.

F&O cues:

Nifty Open Interest Put Call Ratio at 1.30

Nifty Puts add 33 lakh shares each in Open Interest

Nifty Calls add 33 lakh shares each in Open Interest

Markets Update !

2008-07-31T12:10:00.010+05:30

Well it was a great bounce back for the markets as the usual cues that drag the markets down making them strike back with vengeance. Crude prices came down sharply even though they had a rally yesterday as well as good global cues were the triggers for the markets as it erased all the losses caused by the monetary policy of RBI.Sensex kept on trading above the 14000 mark throughout the day.For the record ,the Sensex jumped 495.67 points or 3.59% at 14,287.21.The broader based Nifty jumped 123.70 points or 2.95% at 4,313.55. Meanwhile in the US markets , it was quite a choppy trade but still the markets rallied for the second straight day after investors focused on an unexpected gain in jobs and governments help for the financial and housing sectors.Although Crude oil prices rallied on back of decline in the gasoline inventory.The Dow Jones industrial gained 186 points, rising 1.6% whereas the the broader S&P 500 index added 1.7% and the tech heavy NASDAQ gaining only 0.4%.Asian Markets are trading mixed.Expect a range bound trading on the Indian bourses as today is the F&O expiry day as well as markets awaiting for the inflation numbers in the evening after today's session.
F&O cues:
Futures Open Interest up by Rs 1,573 crores
Options Open Interest up by Rs 663 crores
Nifty Futures shed 5 lakh shares in net Open Interest
Nifty Open Interest Put Call Ratio at 1.33 Vs 1.25
Nifty Puts add 20 lakh shares in Open Interest
Nifty Calls shed 6 lakh shares in Open Interest

Markets Update !

2008-07-30T09:20:00.007+05:30

Any Queries ,talk to us at the Messenger on the Right.We are also available at Yahoo Messenger. Contact ID : NsestockTips.

Its important to get the right trades at first and then the tricky part is to know when to book profits or hold for maximum gains

Well not a good day for the markets and certainly not on the fundamental front with the RBI raising CRR by 25 basis points and repo rate by 50 basis points at quarterly review of the monetary policy. This high interest rate scenario is not at all comforting for the Indian Economy.But in the longer run , we hope that if crude oil prices come down to comforting levels , we might see a shift in fundamentals in terms of inflation , interest rates etc.For the record, the Sensex plunged 557.57 points or 3.89% at 13,791.54 whereas the Nifty was down 142.25 points or 3.28% at 4,189.85.Market breadth was quite poor.Rate sensitive sectors like Banks , Auto and Realty were hit the hardest. Meanwhile in the US , it was a terrific comeback by the markets after the hammering on Monday on account of strong financial reports , decreasing crude oil prices and rising consumer confidence.The Dow Jones industrial gained 266 points, rising 2.4% whereas the broader S&P 500 index gained 2.3% and the NASDAQ jumped 2.5%. Asian Markets are trading in the green at the moment.Expect a gap up opening on the Indian Bourses as well and a volatile session as F&O expiry happens tomorrow.

F&O cues:

Futures Open Interest down by Rs 999 crores

Options Open Interest up by Rs 489 crores

Stock Futures shed 70 lakh shares in Open Interest

Nifty Open Interest Put Call Ratio at 1.25 Vs 1.36

Nifty Puts shed 12 lakh shares in Open Interest

Nifty Calls add 20 lakh shares in Open Interest

Markets Update !

2008-07-29T12:26:00.002+05:30

Any Queries ,talk to us at the Messenger on the Right.We are also available at Yahoo Messenger. Contact ID : NsestockTips.
Its important to get the right trades at first and then the tricky part is to know when to book profits or hold for maximum gains.
The Indian Markets are in deep red following the RBI Policy and weak Global cues. Market breadth is weak.The RBI has hiked repo rates by 50 bps and CRR by 25 bps.The RBI said that bringing down inflation was their first priority. Banks , realty and auto sectors are the worst hit. Meanwhile yesterday it was a subdued trading session awaiting the RBI policy.For the record , the Sensex gained 74.17 points or 0.52% higher at 14,349.11 in yesterdays trading. The broader based Nifty rose 20.25 points or 0.47% at 4,332.10. In the US markets , the stock markets tanked once again as has become the norm rather than an exception on renewed credit crisis and weakening US Economy.Crude oil prices gained marginally to close around the 125 dollar mark.The Dow Jones tanked 240 points, falling 2.1% whereas the broader S&P 500 index lost 1.9% and the tech heavy NASDAQ slumped 2%. Asian markets are mostly in red while the European markets are expected to open in the red too.For the Indian bourses , this is expiry week so one can expect huge volatility for the next two days.
F&O Cues :
Futures Open Interest up by Rs 449 crores
Options Open Interest up by Rs 343 crores
Nifty Open Interest Put Call Ratio at 1.36 Vs 1.37
Nifty Puts Open Interest unchanged
Nifty calls open Interest up marginally

Markets Update !

2008-07-28T09:30:00.003+05:30

Any Queries ,talk to us at the Messenger on the Right.We are also available at Yahoo Messenger. Contact ID : NsestockTips.
Its important to get the right trades at first and then the tricky part is to know when to book profits or hold for maximum gains.
The markets had a bad fall in the afternoon session after the blast in Bangalore but overall the fall was also on account of weak global cues as well as profit booking after the sharp surge we saw in the indices as the Government retained power.The markets gains gained 20 % in the run up to the Trust vote and a day after that so this much of the profit booking was on the expected lines.For the record , the Sensex fell 502.07 points or 3.40% at 14,274.94 whereas the Nifty slumped 121.7 points or 2.74% at 4311.85. Meanwhile in the US Markets , the stocks managed to end in green amidst Crude oil decline to sub 124 dollar mark as well as good economic indicators.Durable goods orders make surprise increase as well as new home sales better than expected.The Dow Jones ended 0.2% higher whereas the S&P gained 0.4% and the tech heavy NASDAQ jumped 1.3 %.Asian Markets are trading mostly in green. Expect a negative opening on the Indian Bourses due to the serial blasts in ahmedabad.
F&O cues:
Futures Open Interest almost unchanged
Options Open Interest almost unchanged
Nifty Open Interest Put Call Ratio at 1.37 Vs 1.48
Nifty Puts shed 19 lakh shares in Open Interest
Nifty Calls add 12 lakh shares in Open Interest

Markets Update !

2008-07-25T09:31:00.002+05:30

So after 5 days of consecutive gains , some amount of profit booking took place.It was always on the cards with such a sharp rise.The caution ahead of inflation numbers , weak European markets marred the sentiments.Also IT stocks were badly hit due to the rising rupee. Inflation numbers for the week ended July 12 is at 11.89 % versus 11.91%.Crude Oil prices continued to be in the range of 125 dollars well below its all time high of around 147 dollars.For the record , the Sensex lost 165.27 points or 1.11% at 14,777.01 whereas the Nifty lost 43.25 points or 0.97% at 4433.55.Meanwhile yesterday in the US markets , the markets tanked once again after renewed fears about the housing market and rising unemployment. Weekly jobless claims rose and existing home sales slipped well below expectations. Crude oil prices remained choppy but range bound and earnings remained mixed , none of these could lift the spirits of the markets.The Dow Jones lost 283 points, tumbling 2.4% whereas the S&P 500 index tumbled 2.3% and the NASDAQ composite tanked 2% .Asian Markets are trading mostly in red at the moment. Expect a gap down opening on the Nifty in the opening trade.

F&O cues:

Futures Open Interest down by Rs 428 crores

Options Open Interest up by Rs 1,048 crores

Nifty Open Interest Put Call Ratio at 1.48 Vs 1.45

Nifty Puts add 15 lakh shares in Open Interest

Nifty Calls add 3 lakh shares in Open Interest

Markets Update !

2008-07-24T08:10:00.005+05:30

Any Queries ,talk to us at the Messenger on the Right.We are also available at Yahoo Messenger. Contact ID : NsestockTips.

Its important to get the right trades at first and then the tricky part is to know when to book profits or hold for maximum gains.

The markets welcomed the Government's securing confidence vote in the Parliament with a huge rally..All the sectoral indices ended in green and the market breadth was might impressive. As was sated by the FM that the Government will try to take the reform process forward and will reach out to parties to build majority to pass pending economic legislation. This might lead to easing FDI in Banks and the Insurance sector and disinvestment in profit making public sector companies.Not only that but falling Crude Oil prices and strong global cues helped the markets.Crude Oil Prices ended sub 125 dollars even though Oil inventories fall by larger than expected amount but gasoline stockpiles rise.If the Oil prices continue to ease and the econ mic reform process resumes , markets may gain momentum.But one should not forget that the fundamentals are still against Indian in terms of high interest rates , high inflation and global slowdown.And as a matter of fact,fundamentals don't change overnight.They need time and timely reforms to change.For the record , the Sensex catapulted 838.08 points or 5.94% at 14,942.28 whereas the Nifty jumped 236.70 points or 5.58% at 4476.80.Meanwhile in the US , stocks ended in green on declining Crude oil prices and better than expected earnings from some big companies like McDonald's, Pepsi Co, Pfizer etc.Also there was speculation that the House would pass a bill that would support the struggling housing market. The Dow Jones gained 0.3% whereas the tech heavy NASDAQ jumped nearly1% and the S&P 500 index ended 0.4% higher.Asian Markets are trading mixed at the moment. Expect a momentum based gap up opening in the early morning trade.

F&O cues:

Futures Open Interest up by Rs 3329 crores

Options Open Interest up by Rs 415 crores

Nifty Open Interest Put Call Ratio jumps to 1.45 vs 1.24

Nifty Puts add 32 lakh shares in Open Interest

Nifty Calls shed 26 lakh shares in Open Interest

Markets Update !

2008-07-23T10:46:00.003+05:30

It is another day of great gains for the Indian Markets. This was the fourth straight day of gains on expectations that the Government will will win the trust vote comprehensively. Although it was quite volatile and choppy in the afternoon trade , the markets ended with smart gains.The belief that more economic reforms will follow with the Left being out of the picture and also the N Deal belief beneficial to several Indian Companies lifted the sentiment.For the record , the Sensex advanced 254.16 points or 1.84% at 14,104.20 whereas the broader based Nifty advanced 80.6 points or 1.94% at 4240.10.Meanwhile in the US , the markets were in the red for most of the day but edged higher in late trade on account of falling Crude Oil prices even though the sentiment is soured over bad financial reports.The Dow Jones ended up 1.2% whereas the S&P 500 index jumped 1.4% and the tech heavy NASDAQ gained almost 1.1% higher.Asian Markets are trading mostly in green.Expect a Huge Gap up opening on the Indian bourses as the Government wins the Trust Vote.

F&O cues:
Futures Open Interest up by Rs 709 crores
Options Open Interest up by Rs 2,286 crores
Nifty Open Interest Put Call Ratio at 1.24 Vs 1.31
Nifty Puts add 18 lakh shares in Open Interest
Nifty Calls add 30.6 lakh shares in Open Interest

Markets Update !

2008-07-22T10:38:00.003+05:30

The D-day has finally arrived as yesterday the PM moved the confidence motion in the Lok Sabha.The markets have braced themselves for the event with three days of consecutive gains.It was a volatile and a choppy session.We expect a day of caution for the markets as they await the verdict regarding the Trust vote.It might be a positive news for the markets if the Government retains power as a section of investors feel that there might be aggressive reforms from the Government which it was not able to do with the presence of the Left parties.There was a strong rally in Asian Stocks that lifted the Investor sentiment in the Indian Markets too.For the record , the Sensex gained 214.64 points or 1.57% at 13,850.04 whereas the Nifty advanced 67.25 points or 1.64% at 4159.50. Meanwhile in the US , it was a cautious day as the investors speculate a bounce in the Crude Oil Prices and ponder over lower earning from the tech giants.The Dow Jones ended down 0.3% whereas the S&P 500 index and the NASDAQ were relatively unchanged.Asian Markets are trading mostly lower at the moment.

F&O cues:
Futures Open Interest up by Rs 389 crores
Options Open Interest up by Rs 1,033 crores
Nifty Futures shed 5 lakh shares in Open Interest
Nifty Open Interest Put Call Ratio at 1.31 Vs 1.24
Nifty Puts add 22.1 lakh shares in Open Interest
Nifty Calls add 1.3 lakh shares in Open Interest

Markets Update !

2008-07-21T08:40:00.002+05:30

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It was a solid day for the markets with the markets clocking impressive gains on account of short covering and good global cues.The Crude oil prices were down for the third straight day which boosted sentiments all over the world.All sectors barring metals and IT had impressive gains.Although the political situation is still dicey and number crunching is going on with respect to the Confidence vote , this rally can not be taken for granted. Markets may be volatile and choppy for the next two days.For the record , the Sensex jumped 523.55 points or 3.99% to 13,635.40 whereas the Nifty gained 145.05 points or 3.67% to 4,092.25.Meanwhile in the US , it was mixed day for the markets.The IT heavy NASDAQ was in red throughout the trading session after a string of disappointing quarterly results. Blue chip counter gained on account of further boosting news on the financial sector and also dipping crude oil prices.The Dow Jones gained 50 points to close the day 0.4% higher whereas the S&P 500 index ended relatively unchanged and the the NASDAQ was down down 1.3% Friday.Asian Markets are trading mostly higher.Expect a gap up opening for the Indian Markets but with the political uncertainty around us , it will get trickier in the afternoon session.
F&O cues:
Futures Open Interest up by Rs 1305 crores
Options Open Interest up by Rs 1275 crores
Stock Futures shed 50 lakh shares in Open Interest
Nifty Open Interest Put Call ratio at 1.24 Vs 1.08
Nifty Puts add 39.8 lakh shares in Open Interest
Nifty Calls shed 10.5 lakh shares in Open Interest

2008-07-18T09:00:00.005+05:30

It was a great bounce back from the markets after being in the oversold territory. It was a technical as well as a short covering rally after good global cues and falling crude oil prices.All the sectoral indices were in green barring the metal index.The market breadth was strong after a long time.The inflation index for the week ended July 5 is at 11.91% versus 11.89% which is a marginal increase.We feel that political uncertainty will keep the investors cautious in this pullback.For the record , the Sensex surged 536.05 points or 4.26% at 13,111.85 whereas the Nifty jumped 130.50 points or 3.42% at 3,947.20.Meanwhile in the US markets, stocks rallied for the second consecutive day as falling crude oil prices and better than expected results from the financial markets boosted sentiments.Also economic data released tops economists expectation although it was a volatile and choppy session for the first couple of hours.The Dow Jones galloped 207 points to rise 1.9% whereas the broader S&P 500 index and the tech heavy NASDAQ both gained 1.2%.Asian Markets are trading mostly in green albeit with small gains.Expect a positive opening but a range bound one at least in opening hour.
F&O cues:
Futures Open Interest down by Rs 416 crores
Options Open Interest up by Rs 142 crores
Nifty Futures shed 34.16 lakh shares in Open Interest
Stock Futures shed 44.5 lakh shares in Open Interest
Nifty Open Interest Put Call Ratio at 1.08 Vs 0.96
Nifty Puts add 20.8 lakh shares in Open Interest
Nifty Calls shed 17.8 lakh shares in Open Interest

Markets Update !

2008-07-17T08:23:00.002+05:30

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Its important to get the right trades at first and then the tricky part is to know when to book profits or hold for maximum gains.

It was a fourth day of straight losses for the Indian bourses with the real estate stocks leading the losses.The markets are too bad in sentiment that even good news is being sold into.However we feel that there might be a shift in sentiment after the trust vote as the uncertainty will be over.Crude oil prices had a sharp fall in the last two days although there is no clear catalyst for their fall so we are taking the reason as profit booking and on pure technical terms.For the record , the Sensex was down 100.39 points or 0.79% to 12,575.80. The Nifty was down 44.4 points or 1.15% at 3816.70.Meanwhile in the US markets , it was a big bounce back as crude oil fell sharply to sub 135 dollar mark.The markets closed at their Hugh's and it was the financials which lead the fightback with a 12 % gain after their recent hammering.Although the Consumer Price Index, a key inflation gauge, soared 5% in the past year yet the markets rallied on encouraging news from the airline and the banking sector.The Dow Jones jumped 277 points to end the day more than 2.5% higher whereas the S&P 500 index gained 2.5% and the Nasdaq rallied 3.1%. Most Asian markets are trading in green in early morning trade.Expect a huge gap up for the Indian Markets too.

2008-07-16T10:13:00.002+05:30

Any Queries ,talk to us at the Messenger on the Right.We are also available at Yahoo Messenger. Contact ID : NsestockTips.
Its important to get the right trades at first and then the tricky part is to know when to book profits or hold for maximum gains.
The markets plummeted to new lows on account of weak global cues and also domestic political issues.It was a terrible day for the markets with all the sectoral indices ending in losses.Market breadth remained weak. There was huge amount of selling pressure by the FII's.For the record , the Sensex plunged 654.32 points or 4.91% to 12,676.19.The Nifty slumped 178.60 points or 4.42% at 3861.10. Indian markets ended at 15 month lows.Meanwhile in the US markets , Falling crude prices could not boost sentiments and credit fears and a slow down in the US economy loomed large on the investors minds.Crude Oil prices slumped close to 6 dollars to end around 139 dollars.It was a day when Fed Chairman testified before Senate Banking Committee.Bernanke noted significant risks to downside growth and increased inflation risks.The Dow Jones lost 0.8% whereas the S&P 500 index lost 1.1% and the NASDAQ gained 0.1%.Asian markets are trading mostly in red.
F&O cues:
Futures Open Interest down by Rs 987 crores
Options Open Interest up by Rs 13 crores
Nifty Futures Open Interest up by 14.6 lakh shares
Stock Futures add 16 lakh shares in Open Interest
Nifty Open Interest Put Call Ratio at 1.01 Vs 1.22
Nifty Puts shed 33.8 lakh shares in Open Interest
Nifty Calls add 28.3 lakh shares in Open Interest