protrader1969

protrader1969

World markets- DJIA, NASDAQ and the three major European indices closed in green on Friday despite Russia Ukraine war going on which does indicate some positivity for world markets. FIIs have shifted gears and are buying and then by default DII need to sell, so Friday's Cash figures were- FIIs net BOUGHT= Rs.1910 Crs and DII net SOLD=184 Crs. In futures, FIIs sold...

protrader1969

Nifty is at important juncture. There is flood of bad world news. Omicron is posing new scare and European nations are gearing up for strict lock-downs…again! Netherlands has done it, UK and France are seriously looking at this possibility. Add to this the announcement by Fed chairman who upped the tapering target and increased rate hikes from 2 to 3 for next year...

protrader1969

On 16th May I wrote “..So overa ll picture is bullish just because of positive global cues, improving covid figures and positive lead shown by SGX Nifty Friday night…”. On 17th Market rallied and Nifty closed 245 points up whereas Banknifty closed 1289 points up. But that was Monday. Two days later tide has reversed. How? Let me explain. 1) Both FIIs and DIIs,...

protrader1969

Positives: 1) SGX nifty last closed on Friday at 14832, significantly above our closing price of 14,677.80 2) All the major US indices- DJIA, NASDAQ and S&P 500 closed in green by 1.06%, 2.32% and 1.49%, respectively, on Friday night. 3) All major European indices also closed in green – FTSE (1.15%), CAC (1.54%) and DAX (1.54%). 4) On daily chart, Nifty is at...

protrader1969 Updated 

After a long time we reacted to global market cues. Even though DJIA didn’t show much decline, from high to low it was 350 points down and NASDAQ closed 2.63% down last night. Today morning, all indices were in red and crucial SGX Nifty was more than 200 points down. So what I wrote yesterday did happen but most of us just couldn’t trade the short because Nifty...

protrader1969

Both, Nifty and banknifty, closed with higher highs, higher lows and higher closing price w.r.t. Friday’s close. Banknifty is comfortably trading above 33000 and Nifty, very near to 15000. This was 4th day in row when Nifty closed above previous close. So what now? Let’s see. 1) FIIs were net buyers in equity by around 584 Crs, net sellers in Index futures by 322...

protrader1969

Nifty fell by almost 226 points from its high today to close at 14496.50 just below 14500. Banknifty on the other hand declined by more than 740 points from its intraday high to close at 32270, well below 32500. So should we be worried? Let us see. 1) FIIs were net sellers in equity by 1772 Crs ( Net sold for 4th day in a row), net sellers in Index futures by 288...

protrader1969

Factors in support of BULLS: 1) Nifty opened 150 points gap down but rallied right after start, clocked in a high of 14673 ( +192 points from low) and closed at 14634 (153 points above low). Similarly Banknifty too opened gap down but closed 660 points above its day’s low. So both indices recovered from lows significantly after gap down openin,g primarily due to...

protrader1969

In my last post on Wednesday I had listed three anomalies and said that since things didn’t match we might see a mighty fall. On Thursday and Friday we saw that fall and now if you see all the anomalies have been corrected- Markets (Nifty and Banknifty) fell since covid cases and resulting deaths are rising everyday, forcing stricter measures, like lockdowns by...

protrader1969

The things are not matching. Meaning? Well, let me list those: 1) The covid cases and deaths are rising everyday. The situation is dire in almost all districts & states and lockdown is slowly getting imposed by various states and yet Nifty and banknifty are climbing everyday. Doesn’t make sense. 2) Since last 2 days Nifty and banknifty futures are trading at...

protrader1969

Corona virus India figures: Sunday, 18th April : 2,61,500 new cases (over previous 24 hrs), 1501 deaths Monday,19th April : 2,73,810 new cases (over previous 24 hrs), 1619 deaths Tuesday, 20th April : 2,59,170 new cases (over previous 24 hrs), 1761 deaths Wednesday, 21st April : 2,95,041 new cases (over previous 24 hrs), 2023...

protrader1969

India on Saturday saw yet another record high of Covid-19 cases in last 24 hours with 2,34,692 fresh Covid cases and 1,341 deaths. Global amrkets were good but that does not have any bearing on our local markets as of now. 1) On last Friday, FIIs and DIIs both were net buyers in Equity worth 437 Crs and 657 Crs respectively. This had happened on 7th & 8th April...

protrader1969

Today’s big news: India’s daily Covid cases, in one day, cross 2,00,000 for the first time; The daily case load jumped from 1 lakh to 2 lakh in just 11 days ( In US it took 21 days); The death toll is highest after 3rd October, 2020, at 1038 dead in last 24 hrs. You may ask that this news came in the morning and if any adverse effect was going to play out it...

protrader1969

Reports coming in from various states regarding covid-19 suggests that situation is as grim as it was earlier. Lockdown in Maharashtra is actually not strict lockdown since public and private transport is allowed, essential services ( groceries, vegetables, Milk, banks, NBFCs, Cooperative credit societies, SEBI and market related offices ( meaning brokers, etc.),...

protrader1969

I do not recall when I last saw Nifty closing a whopping 524 points below last session’s close. The situation about which I was apprehensive and writing since last 2-3 sessions did unfold today. The fear of strict lockdown writ large on market participants and as I had expected ( and written too) of FIIs they sold heavily. So what now for tomorrow? Here we take...

protrader1969

Nifty closed with higher high and higher low figures as compared to yesterday and closed above mid line of Bollinger band- good sign, sign of strength. BankNifty too rose buoyed by good RBI monetary policy with higher high but lower low. FIIs too bought today in all segments- Equity, Index and stock futures and so did DIIs- though the volume is not much to talk...

protrader1969

Nifty is not giving any clear indications or clear levels for trading tomorrrow. On the other hand Banknifty trading looks clearer and that is despite the fact that tomorrow is credit policy announcement. Now according to a widely held belief RBI is likely to keep rates unchanged. In that event then people will look towards commentary for any signal. And it is...

protrader1969

Picture these news items: 1) Highest single day spike in cases (1,03,793) in India ever since the pandemic broke. 2) India is now only the 2nd country after US to record a 6-figure addition in infections in a single day. 3) Maharashtra accounts for over 61,000 cases out of 1lakh plus cases. 4) Maharashtra announces near lock down with malls, bars, restaurants,...