News related to Market, Economy and Finance
- Thread starter PS Trader
- Start date
European markets back to normal from day before yesterday loss of around 4% in single day. Today as of now, European markets trades at more than 3% gain compared to yesterday close.
FTSE 2.32% up
CAC 3.42% up
DAX 3.15% up
Because of these markets recovered, now SGX nifty trades at very high level 8327.
FTSE 2.32% up
CAC 3.42% up
DAX 3.15% up
Because of these markets recovered, now SGX nifty trades at very high level 8327.
Neither Fundamentals nor Technicals can do it! - Markets to Hold
____________________________________________
Ha, Ha...
Controversial headlines!! aren't they? :lol:
Yes, Markets to hold 7000 levels regardless of the fundamentals, technicals, global turmoils.
Why?
If you see recent times, chinese markets fell to hell in crazy mode but our markets hold it 7200 strongly in last expiry despite the freaking fear around chinese markets and then the story of Oil routing. :lol:
So what will hold our markets despite of all these crazy things fundas, techs and global meltdowns??
That is "Business".
A business will hold 7000 levels for us in near future. It is certain.
What business is it?
It is Mutual funds of DIIs and FIIs.
Only after Modiji crown, Indian markets first time started to feel the turnaround of Indian economy cycle and the honeymoon started well. Billions of rupees from retail people poured into mutual funds, portfolio management companies and direct equities/funds.
Mutual funds planned aggressively to collect money 2015, 2016 and 2017 from indian retail investors. 2015 was a success on this road path. The proof is increased infusion of capital in the last 15 months compared to previous periods.
If markets crack 7000 aggressively and then cracking 6500- wait if these all happened in 2016, how these business can collect money?
They will surely won't let it happen anytime sooner. Especially feb, march, april months are the agressive investment period, thanks to tax filing and budget periods.
These 7200-6900 level will be agressively holding one by these businesses.
Enjoy sideways trending throughout this first half of 2016.
____________________________________________
Ha, Ha...
Controversial headlines!! aren't they? :lol:
Yes, Markets to hold 7000 levels regardless of the fundamentals, technicals, global turmoils.
Why?
If you see recent times, chinese markets fell to hell in crazy mode but our markets hold it 7200 strongly in last expiry despite the freaking fear around chinese markets and then the story of Oil routing. :lol:
So what will hold our markets despite of all these crazy things fundas, techs and global meltdowns??
That is "Business".
A business will hold 7000 levels for us in near future. It is certain.
What business is it?
It is Mutual funds of DIIs and FIIs.
Only after Modiji crown, Indian markets first time started to feel the turnaround of Indian economy cycle and the honeymoon started well. Billions of rupees from retail people poured into mutual funds, portfolio management companies and direct equities/funds.
Mutual funds planned aggressively to collect money 2015, 2016 and 2017 from indian retail investors. 2015 was a success on this road path. The proof is increased infusion of capital in the last 15 months compared to previous periods.
If markets crack 7000 aggressively and then cracking 6500- wait if these all happened in 2016, how these business can collect money?
They will surely won't let it happen anytime sooner. Especially feb, march, april months are the agressive investment period, thanks to tax filing and budget periods.
These 7200-6900 level will be agressively holding one by these businesses.
Enjoy sideways trending throughout this first half of 2016.
Muhurat Trading session on account of Diwali, Oct 19 , 2017
timing - 18:30 to 19:30
https://www.nseindia.com/content/circulars/CMTR35993.pdf
timing - 18:30 to 19:30
https://www.nseindia.com/content/circulars/CMTR35993.pdf
The Exchange is conducting an extended live trading session on Tuesday, October 17, 2017 on the auspicious occasion of Dhanteras for trading in Gold Exchange Traded Fund (Gold ETF) and Sovereign Gold Bonds only.
https://www.nseindia.com/content/circulars/CMTR36003.pdf
https://www.nseindia.com/content/circulars/CMTR36003.pdf