Nifty : Stats & Views

[linkon7]

The start is expected to be in the negative terrain led by the weak global cues. Hero Honda Motors, Punjab National Bank, Torrent Power will declare results


Headlines for the day:

GAIL opposes Andhra firm's pipeline proposal

Dabur acquires '30-plus' brand from Ajanta Pharma

Govt targets $500 billion export by 2013-14


Events for the day:

Sanghvi Forging & Engineering IPO opens today

Results: Hero Honda Motors, Punjab National Bank, Torrent Power

Pre-market report

Indian indices

The central bank raised interest rates more than expected and vowed to battle price pressures even at the cost of some economic growth, a fight that could threaten fuel demand in a crucial region for rising oil use. There are concerns that higher interest rates could be a growth killer and that could be what is weighing down oil prices.

Negative global cues may drag the Indian markets in the opening trade. Rate sensitive sectors will continue to hog the limelight. Investors may go for a bargain hunting after a seven-day fall. Results will continue to have some bearing on the markets.

Daily trend of FII/MF investment in equities

The FIIs have Sold Indian equities worth a net of Rs1178 crore on May 03, 2011. The domestic investors have purchased Indian shares worth a net of Rs606 crore on May 03, 2011.

Global signals

The European stocks sagged on Tuesday (May 03, 2011), snapping their eight-session winning run in a broad retreat led by mining and oil shares, but analysts said the pull-back was technical and the market's upward trend remained intact.

The US stocks fell on Tuesday as investors questioned the sustainability of the rally in light of fresh worries about earnings growth in the coming quarters.

All the major Asian markets were trading on a negative note. Japan’s Nikkei is shut today. SGX Nifty was trading 16 points down.

Commodity cues

The crude oil prices dropped more than 2% on Tuesday as an interest rate increase by India added to concerns about demand and gains in the dollar helped spark a technical sell-off.

 

[linkon7]

1998 8.3% - 1063
1999 15.8%+ 1132
2000 1.9%- 1380
2001 3.8%+ 1167
2002 5.1%- 1028
2003 7.8%+ 1006
2004 17.4%- 1483
2005 9.7%+ 2087
2006 13.7%- 3071
2007 5.1%+ 4295
2008 5.7%- 4870
2009 28.1%+ 4458
2010 3.6%- 5086

whole of technical analysis is predicated on the theory that history repeats itself...

WELL, last 13 years, we have seen month of MAY going up down up down alternately every year.

13 years of history repeating itself.... by that logic this month is supposed to be positive month. Will this year be the exception...?

 

[linkon7]

5530 will be the trend decider for the day.....

 

[linkon7]

A cheesy pick up line ....

If I were Nike and you were McDonalds, I would be doing it and you would be lovin' it !!!

 

[InvestoMania]

True...but one more very famous quota i remember for "May":-
"Sell in May and stay away"

Best Regards,
http://www.traderji.com/futures/53550-my-trading-strategies-future-6.html
_________________________________________________________________
The best trading method is to take advantage of the crowd's greed and fear.
_________________________________________________________________

1998 8.3% - 1063
1999 15.8%+ 1132
2000 1.9%- 1380
2001 3.8%+ 1167
2002 5.1%- 1028
2003 7.8%+ 1006
2004 17.4%- 1483
2005 9.7%+ 2087
2006 13.7%- 3071
2007 5.1%+ 4295
2008 5.7%- 4870
2009 28.1%+ 4458
2010 3.6%- 5086

whole of technical analysis is predicated on the theory that history repeats itself...

WELL, last 13 years, we have seen month of MAY going up down up down alternately every year.

13 years of history repeating itself.... by that logic this month is supposed to be positive month. Will this year be the exception...?

 

[sumeetsj]

True...but one more very famous quota i remember for "May":-
"Sell in May and stay away"

Best Regards,
http://www.traderji.com/futures/53550-my-trading-strategies-future-6.html
_________________________________________________________________
The best trading method is to take advantage of the crowd's greed and fear.
_________________________________________________________________

Why do they say " Sell in May and go away".. read on:

http://www.bargaineering.com/articles/old-wall-street-adage-sell-in-may-and-go-away.html

 

[DanPickUp]

Why do they say " Sell in May and go away".. read on:

http://www.bargaineering.com/articles/old-wall-street-adage-sell-in-may-and-go-away.html

Hi

You may look at it like a country lore. Here one for the month May : Rain in may promises much hay.

 

[SwingKing]

May effect which was discussed earlier.

This is the Stat of it for Sensex which goes back to 1979.

Trendlines fail, indicators fail and chart patterns fail. Similarly, Data mining patterns can also fail.

Market makes the pattern. Patterns do not make the market. Anything can happen here.

Anyway my lucky number is 13

Take your call guys.

Tc

Ticker	Date/Time	MAY Effect
Sensex	5/31/1979	-2.3
Sensex	5/22/1980	-1.01
Sensex	5/28/1981	-4.95
Sensex	5/27/1982	1.34
Sensex	5/31/1983	10.86
Sensex	5/31/1984	2.33
Sensex	5/31/1985	3.22
Sensex	5/30/1986	4.53
Sensex	5/29/1987	-3.67
Sensex	5/31/1988	22.97
Sensex	5/31/1989	-11.43
Sensex	5/31/1990	0.71
Sensex	5/31/1991	5.85
Sensex	5/29/1992	-22.68
Sensex	5/31/1993	3.32
Sensex	5/31/1994	2.22
Sensex	5/31/1995	6.96
Sensex	5/31/1996	-2.66
Sensex	5/30/1997	-2.24
Sensex	5/29/1998	-8
Sensex	5/31/1999	19.18
Sensex	5/31/2000	-4.81
Sensex	5/31/2001	3.2
Sensex	5/31/2002	-6.36
Sensex	5/30/2003	7.47
Sensex	5/31/2004	-15.83
Sensex	5/31/2005	9.11
Sensex	5/31/2006	-13.65
Sensex	5/31/2007	4.84
Sensex	5/30/2008	-5.04
Sensex	5/29/2009	28.26
Sensex	5/31/2010	-3.5
Sensex	5/4/2011	-3.48

 

[linkon7]

FII continue to be in the net sell side and have sold 992 cr yesterday...DII have been soaking up the supply and have purchased 914 cr...

5519 is the trend decider for the day...

 

[linkon7]

Udayan says...:

At a day when one would have expected to see some bit of stability in the market after many days of a down dip, the market saw vulnerable trading session. It has not been a good day for the market.

For the first half of the day the market looked to get away with sideways session of trade but later the weakness came back. In the last few minutes of the trade on Wednesday, the market clawed back a little bit from 5450 to 5480, however it is not out of the woods yet.

Many of the sectors that were trying to hold out in the morning like banking, started coming under pressure once again towards the end of the days trade, says CNBC-TV18s Udayan Mukherjee. At every 5500 plus level, the pressure seems to be coming back, he says.

Udayan says that the market could stabilized in the first half of the session, as the trend for the day looked like the market would just go side ways and trade in a really narrow range on low volumes, however, he says, the last 10-minutes of trade changed it all with a fall of 150 points on the Sensex.

He says the bears came back into play once again and the stocks that were trying to stabilize clawed back. Names from the infrastructure space, banking space have seen some fresh shorts and some selling coming back once again. Some of the large caps that have been holding the market up like ONGC have seen some supply at higher levels. It must be a combination of renewed FII selling in the afternoon, plus some shorting that has got the market down, he says.

Udayan further observes that the market remains vulnerable. At any point during the dips, if the weakness opens up again, the market is vulnerable to more damage. When that pull back rally happens, it is difficult to map but the general drift seems to be on the way down, he says.