Shekhar Sinha (ApnaWealth)

Monday, 5 October 2015

World stocks lift Sensex 565pts, Nifty above 8100; banks up

Experts feel the market may cross 27000 level on the Sensex soon but getting above 28000-mark may depend on September quarter earnings that will kick off next week with Infosys.

It was a spectacular start to the week as the Sensex surged more than 600 points intraday Monday and the Nifty surpassed 8100-mark, tracking strong global cues. Bank Nifty outperformed benchmarks, rising 3 percent on hopes of more rate cuts going ahead as disappointed US jobs data may delay interest rate hike by Federal Reserve. The 30-share BSE Sensex surged 564.60 points or 2.15 percent to 26785.55 and the 50-share NSE Nifty jumped 168.40 points or 2.12 percent to 8119.30. The broader markets underperformed benchmarks as the BSE Midcap gained 1.8 percent and Smallcap rose 1.6 percent.

Experts feel the market may cross 27000 level on the Sensex soon but getting above 28000-mark may depend on September quarter earnings that will kick off next week with Infosys. India is looking like an island of prosperity among emerging markets , says Nandita Parker, general partner at Karma Capital Management LLC. With the US Federal Reserve liftoff getting delayed, the market, especially emerging markets, are getting enough time to adjust to the first rate hike, whenever that might happen, she says, adding investors in the US are positive on the country. Global markets were strong today. Asian markets like Hang Seng, Nikkei and Straits Times rallied 1.6-2 percent while China was shut for the national day holiday until Wednesday. Key European indices like FTSE, CAC and DAX gained 2-3 percent (at 16 hours IST) after a weak US employment report on Friday dampened expectations that the Fed will start raising interest rates soon. Back home, the Indian rupee appreciated further, up 21 paise to 65.29 a dollar on strong equity markets rally.

Shekhar's Tech-05.10.15-Intra Day Level

Buy Abv. 7965 With SL 7945 For Targets 8004 8019

Sell Below 7945 With SL 7964 For Targets (7905) (7890)

As rules- 1. Take any entry/exit by filttering of 2-2.5 points even for reverse...

Check accuracies in a month atleast.

2. At buy targets...can sell with stop loss of +15 points from 2nd target

Same as reverse ,

At sell targets...can buy with stop loss of -15 points from 2ndt target

Performance- From 12h July to till now earned

total 1370 points

https://www.facebook.com/groups/481977645293227/

Got total more than points is -30

Friday, 2 October 2015

Shekhar's Tech-01.10.15-Intra Day Level

Buy Abv. 7965 With SL 7945 For Targets 8004 8019

Sell Below 7945 With SL 7964 For Targets (7905) (7890)

Today's trade and follow ups___

Buy Abv. 7965 With SL 7945 For Targets 8004 8019

Sell Below 7945 With SL 7964 For Targets (7905) (7890)
Today's trade and follow ups___

shekhar_s007: SELL 8030-40 WITH SAR 8055
shekhar_s007: book partly @ 8005-8000

shekhar_s007: how many bookkkkinnnnggg....enjoiyyyy

shekhar_s007: WE WILL BOOK FULL 7975-70 IN INTRADAY NF
shekhar_s007: 60 point in nifty in just hours
shekhar_s007: 8030 to 8000 again 8030 to _________(now 8000)

shekhar_s007: only who want to carry on intrday trading can buy nf 7970-65 with sar 7945

shekhar_s007: safe traders keep booking above 20+ pointssss
shekhar_s007: 7965------------------7985
shekhar_s007: we are nil in intrday nf trade now booked @ 7993-94

As rules- 1. Take any entry/exit by filttering of 2-2.5 points even for reverse...

Check accuracies in a month atleast.

2. At buy targets...can sell with stop loss of +15 points from 2nd target

Same as reverse ,

At sell targets...can buy with stop loss of -15 points from 2ndt target

Performance- From 12h July to till now earned

total 1400 points

https://www.facebook.com/groups/481977645293227/

Got total more than points is 50

Wednesday, 30 September 2015

Shekhar's Tech-30.09.15-Intra Day Level

extra call-sell nifty future 7926-29 with sar ______

Buy Abv. 7860 With SL 7841 For Targets 7899 7914

Sell Below 7841 With SL 7859 For Targets (7802) (7787)

As rules- 1. Take any entry/exit by filttering of 2-2.5 points even for reverse...

Check accuracies in a month atleast.

2. At buy targets...can sell with stop loss of +15 points from 2nd target

Same as reverse ,

At sell targets...can buy with stop loss of -15 points from 2ndt target

Performance- From 12h July to till now earned

total 1350 points

https://www.facebook.com/groups/481977645293227/511431089014549/?notif_t=group_comment

Got total more than points is 44

Tuesday, 29 September 2015

Rate cut lifts Sensex 162 pts, Nifty above 7800 amid late volatility

The focus of monetary action in the near term will now shift towards removing impediments in rate cut transmission by banks, the RBI said.

The Reserve Bank of India (RBI) lowered the benchmark repo rate by 50 basis points to 6.75 percent, while keeping CRR and SLR unchanged at 4 percent and 21.5 percent, respectively. This marks the fourth repo rate cut by the RBI since January 2015. However, it has lowered its FY16 GDP growth target to 7.4 percent from 7.6 percent. It also said the focus should now shift to bringing inflation down to 5 percent by FY17-end. The repo rate was last at 6.75 percent in March 2011. The focus of monetary action in the near term will now shift towards removing impediments in rate cut transmission by banks, the RBI said. It also intends to work with the government to ensure that banks pass on the bulk of the cumulative 125 basis points cut since January this year. "A further monetary policy accommodation will be conditioned by the abating of recent inflationary pressures, the full monsoon outturn, possible Federal Reserve actions and greater transmission of its front-loaded past actions," the RBI press release said. Governor Raghuram Rajan said the RBI intends to be as accomodative as possible given its inflation targets and with this 50 basis points rate cut, he has front-loaded action. However, the RBI cautioned that since the third bi-monthly statement of August 2015, global growth has moderated, especially in emerging market economies (EMEs), global trade has deteriorated further and downside risks to growth have increased. As far as India is concerned, a tentative economic recovery is underway, but is still far from robust, the RBI statement stated. However, there are a lot of questions on the impact of poor monsoon on inflation. The RBI said looking forward, inflation is likely to go up from September for a few months as favourable base effects reverse. The RBI expects the outlook for food inflation to improve if the increase in sown area translates into higher production. "Moderate increases in minimum support prices should keep cereal inflation muted, while subdued international food price inflation should continue to put downward pressure on the prices of sugar and edible oil, and food inflation more generally," RBI said. Rajan also expects pro-active supply-side management by the government. "It is important that pro-active supply-side management by the government be in place to head off any food price pressures should they materialise, especially in respect of onion and pulses." RBI said it expects CPI inflation to average around 5.5 percent in October-December and 5.8 percent in January-March 2016 and finally moderate to 4.8 percent in January-March 2017. The RBI has also said that foreign investment cap in government bonds will be relaxed in phases to 5 percent by March 2018. A hike in foreign investment limit in bonds will be announced every March and September. The foreign investment limits in debt will be fixed in rupee terms. In aggregate terms, this is expected to open up room for additional investment of Rs 1,20,000 crore in the limit for central government securities by March 2018 over and above the existing limit of Rs 1,53,500 crore for all government securities (G-sec). Also, the RBI said Indian corporates can now issue rupee denominated bonds with a minimum maturity of five years at overseas locations within the ceiling of foreign investment permitted in corporate debt (USD 51 billion at present).