He reaffirmed his view that India is in the middle of a bull market. “I think we are in early stages of it, because bull markets cannot end just like that,” Jhunjhunwala said."The country is demonstrating immense growth potential helped by a strong leadership at the helm, driving key policy changes." Parekh said.Telenor’s exit is also expected to boost AGR growth in these seven circles. Among top three operators, Idea Cellular is expected to gain the most.In May, China reported no gold purchases. After bouncing back in June, the central bank’s buying in July was at the second-slowest rate in a year.RJ, often referred to as India’s own Warren Buffett, has been investing in the mkt since 1985 and has a portfolio of roughly Rs 8,900 crore by the end of June.Integrated firms manufacturing goods across the supply chain from yarn to finished apparel numbering close to at least 80 work out of Coimbatore, Tirupur and Erode.With oil prices down by more than half since the price collapse two years ago, drillers have cut their exploration budgets to the bone.The realty major had reported a net loss of Rs 42.33 crore in the corresponding quarter last year. The stock rose 1.98 per cent to hit a high of Rs 161.45 on BSE."Now, what we ask ourselves is, if the view of $ strengthening materialises over the next 6 to 12 mths, what impact it will have on EM currencies and assets."After a sharp rally on both midcap and smallcap counters, some experts felt a slight correction could be in the offing, but the long-term trend still remains intact.In an ETNow interview, Jhunjhunwala said that bull mkts start with low participation, end with humongous participation but we are still in its early stage.Total Put open interest of 59.03 lakh contracts stands at strike price 8,500, which will act as a crucial base for the domestic market in the September series.At maximum buyback price, the buyback translates into approximately 10.68 lakh equity shares, representing about 2.62 per cent of the total paidup equity share capital.Nifty reclaimed its crucial psychological level of 8,650 backed by gains in realty, power, oil & gas, consumer durables, capital goods, banks, and auto stks.The company had reported a net profit of Rs 72.23 crore for the corresponding quarter last year.

MARKET UPDATES

Jul 24 2016 9:45PM

As per Derivatives data, it doesn’t look like Index can either cross 8600 level or retrace before the F&O expiry on 28th July.

Jul 11 2016 7:59PM

As per the prediction for July series, NIFTY Index is very near to upper level target of 8500. Watch this space for next update....

Jul 6 2016 6:40PM

Fitch downgrades india Banking Outlook to Negative

Read More...

Weekly Market Alerts!!

NIFTY – Unlikely to give up on the gain before July F&O expiry    

24 Jul 2016

NIFTY – Unlikely to give up on the gain before July F&O expiry   

Technical & Derivatives Analysis: 24th July 2016

 

At the beginning of the series, I had given my prediction that NIFTY would trade in the range of 8000-8500 forJuly 2016. The results are in front of you. NIFTY is hovering around 8500 as we enter into F&O expiry week.

As you can see on the Technical chart, Index is trading near 76.4% Fibonacci Retracement level. It will be a turning point for NIFTY, if it is able to cross and sustain above this level.

 

As per Derivatives data, it doesn’t look like Index can either cross 8600 level or retrace before the F&O expiry on 28th July. Options IVs also does not indicate any big movement before expiry day. Best option would be to have little patience till expiry and then buckle your seat belt for the big move in August series. Keep close eye on Rollover number. I will provide next update immediately after expiry day…  

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NIFTY trading range for July'16 F&O Series : 8000-8500    

01 Jul 2016

NIFTY: 8000-8300 Consolidation Range for June 2016 F&O Series    

19 Jun 2016

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18 Jun 2016

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