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Showing posts from April, 2017

A note on France's Presidential Election

France Presidential Election is going on as first round is over and Presidential candidate Emmanuel Macron   won first round. The second round of election will be on 7 th May 2017 . Emmanuel Macron is fighting election for the first time and he is the youngest leader in the history of France. Emmanuel Macron was Investment banker earlier. The second round of election will be between Emmanuel and Le Pen . Political Pandits of France are predicting a win of Emmanuel over Le Pen  Emmanuel Macron                       Le Pen Sentiments for market : If Emmanuel Macron will win the election then it will create a positive impact for world market, on the another side if Le Pen will win the election then a knee jerk reaction can be seen in the market. Market may trade volatile before the outcome of the result.

How to be a successful Trader

To be a profitable trader you must overcome these ten things: You must beat the market benchmark you are competing against or you might was well just buy and hold that index. You must beat your emotions by following a trading plan. You must beat your ego by taking losses early when you are proven wrong. You must beat your greed by managing your position sizing to limit your risk exposure. You must beat your fears by letting a winning trade run when there is no reason to exit. You must beat your desire to predict the future by reacting to what price action is actually happening. You must beat the trader on the other side of your trade. You have to make enough money to beat your commission costs. You must not let the market beat you up with too many losses and make you quit. You must beat the naysayers who think active profitable trading is impossible.

Market Wrap Up for 7th April

Indian capital markets corrected on the last day of the week. Markets lost in the last trading hour on the news that post-demonetisation around 18 lakh bank accounts have been found where the amount deposited does not match with the income profile of the account holder. Nifty was not able to hold above the level of 9200. Market extended losses in mid-afternoon trade after hovering in negative terrain throughout the session triggered by worries of rising geopolitical tensions after US fired dozens of cruise missiles into Syria. Overseas, European stocks edged lower as geopolitical tensions intensified after the US military struck a Syrian airfield near Homs and as investors exercised caution ahead of the non-farm payrolls report. Asian stocks were mixed. US President Donald Trump said he ordered the missile strikes following the deadly chemical attack that took place earlier in the week. US equities closed well off session highs yesterday, 6 April 2017, after Trump said he's w...

Attack on Syria

US Launches Air Strike On Syria: 60 Tomahawk Missiles Hit Syria As previewed earlier tonight, the US has launched air strikes against Syria, with NBC reporting that under instructions from President Trump, US ships have launched over 50 Tomahawk missiles, striking Syria. NBC adds that only tomahawks missiles fired, no fixed wing aircraft involved, for now. According to CBS, the U.S. launched about 60 Tomahawk missiles against the Syrian airfield where the plane that allegedly carried out the chemical attack took off from; hangars and planes were targeted, a U.S. official says. Reaction on market: Equity market has seen immediate sell of reacting on the news and due to which Asian market also traded lower and it’s impact is being seen in Indian market too. Bullion as well as crude jumped up as a reaction of this news.

Market wrap Up of 6th April

Indian capital markets remained flat to negative on Thursday as RBI’s monetary policy committee kept the repo rate unchanged, while it increased the reverse repo rate to 6 per cent. Nifty traded above the level of 9250. All indices closed in the red, except IT, Metals and Oil & Gas. Consumer Durables and Healthcare reduced 100 points each. Bank index also declined 18 points. Oil & Gas increased 127 points. IT and Metals rose 14 points and 48 points, respectively. Mid-cap index increased 20 points while Small-cap reduced 33 points. Overseas, European and Asian stocks edged lower, after minutes of the US Federal Reserve's last meeting raised worries over high stock market valuations. The Reserve Bank of India (RBI) today, 6 April 2017, kept the policy repo under the liquidity adjustment facility (LAF) unchanged at 6.25%. On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today. Stocks which will remain in focus for...

Market update for 6th April

On 5th April, Nifty opened the session on a positive note and thereafter it registered low of around 9215 in the initial hour of trading. However, it moved higher as the day progressed and ended the session near day’s high. Now going forward, the level of 9300 and 9340 is likely to act as a resistance zone. On the downside, the level of 9180-9200 is likely to act as a strong support zone. Key event to watch out for today is RBI policy which is scheduled today at 2:30 pm, due to this volatility will be seen in market. Provisional data released yesterday says that  foreign portfolio investors (FPIs) bought shares worth a net Rs 340.13 crore and Domestic institutional investors (DIIs) sold shares worth a net Rs 194.05 crore. Stocks in news: JSPL: Jindal Steel and Power (JSPL) has seen its output and sales hit a record in the fiscal year 2016-2017. Steel production in the fourth quarter was up by almost 12.3 per cent, even sales increased by 11.2 per cent.   Powe...