Expiry Today

Today's expiry was a dampner. Hardly any volume.

I wanted to start with the answer to query in last post but somehow that will have to wait till weekend. Don't have enough time right now.

Few things which I will touch upon during the weekend will be S&P Outlook for India, Latest happenings in Europe, Trade for coming series and off course the Credit Card query.

Lot of things have happened since I wrote last... Apart from S&P, RBI cut the interest rate and in less than couple of weeks, bond yields are back to the same level as before rate cut. So much for the surprise 50 point cut.

Have to play catch up and will do just that.

Market at 200d EMA

NIFTY is at 5207 as I am writing this. It had gone down to a low of 5183 this morning so far. Considering that US Markets are down by over 1.5 %, I would consider less than half percent drop at NIFTY as a reasonable performance.

Remember 5190 is our 200d EMA and it is a crucial level. A firm close below this level can change lot of equations. So lets see how it goes.

Will try to chip in with a EOD post. Till then happy trading...

NIFTY is at a Support

NIFTY right now is at around 5250 level. If you recall my earlier post, it is a crucial support.

Lets hope it holds (off course only if you are long). As for me, I am on sidelines and trying to devise some strategy to play out budget.

Will make a post on that well within time. Happy trading till then...

NIFTY is at a Support

NIFTY right now is at around 5250 level. If you recall my earlier post, it is a crucial support.

Lets hope it holds (off course only if you are long). As for me, I am on sidelines and trying to devise some strategy to play out budget.

Will make a post on that well within time. Happy trading till then...