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USDINR-What A Panic ?

25 April 2014 - 12:59 pm

WHAT A PANIC

 

Above is 5 Minute Chart of USDINR

Today after hitting high of 61.19 ……………….Crashed to 60.90

Will it kiss 60.79——-60.69 in panic ?

More Details to our Subscribers ,Updated at 12:58/25th April/Baroda

 

 

exit_rotatesNTT DoCoMo, Japan’s largest mobile group by market share, has said it may end its ailing Tata Docomo joint venture with India’s Tata conglomerate.

The company said it would exercise an option to sell its 26.5 per cent stake in the company if it did not meet performance targets by June.

A sale would have wide ranging possible implications for a long-anticipated period of consolidation in India’s telecoms sector

In particular, NTT’s move is likely to intensify speculation over a possible tie-up between Vodafone and Tata, given negotiations between the companies earlier this year.

NTT’s decision also makes it the latest Japanese company to exit India’s complex and heavily regulated market following the decision of drug maker Daiichi Sankyo to end its disastrous tie-up with generics producer Ranbaxy last month.

In 2007, NTT spent $2.7bn to acquire its 26 per cent stake with Tata, in what the Japanese group assumed would become a profitable investment in India’s rapidly growing telecoms market. >> Read More

Nikkei closes up 0.17% at 14,429.26

25 April 2014 - 11:47 am

Nikkei 225

 

  • +24.27
  • open 14369.72
  • high 14554.32
  • low 14327.99
  • USDJPY 102.36
 

Standard & Poor’s has cut Russia’s credit rating to BBB-, just a step above junk, citing the risk of a “marked deterioration” in investment as the country’s standoff with Ukraine worsens.

“”The tense geopolitical situation between Russia and Ukraine could see additional significant outflows of both foreign and domestic capital from the Russian economy and hence further undermine already weakening growth prospects,” the credit rating agency said in a statement on Friday.

S&P said the impact of economic sanctions may cause it to lower its sovereign rating further.

Here’s the statement: >> Read More

COPPER ON FIRE

Minted Tons of Money in NICKEL……………………………………..!!

Then Our Buy Call for COPPER-Just watch 411 level ,Nothing else

Our Target above 411 was of  422————-426 level !!

MINT MONEY 24BY7

Yes ,In 2 sessions………………………..It’s on Fire

Now kissed High of 422.75 level.

We Know Thousands of Traders had Missed our FATAL Attraction and still they are sending mails -But we told we are not taking money for our personal use

Our Purpose for Subscription :Our Subscribers knows very much.

Technically Yours/ASR TEAM/BARODA/INDIA

 

After three weeks of resurgent fund flows into developing Asia, investors are starting to back away again.

Money is not exactly gushing out of emerging Asian markets. But in the week to April 23, emerging Asian equity and bond funds lost $70m, according to data from fund tracker EPFR.

The EPFR data, which is viewed as a barometer of retail investor buying and selling, had previously signalled a thawing of sentiment towards emerging Asia, where funds enjoyed three straight weeks of inflows.

Last week’s outflows were driven largely by equity investors abandoning China.

In the week to April 23, China equity funds lost $289m, although bond funds saw a small inflow of $14m.

At the end of that period, a closely watched survey from HSBC showed a continued contraction of activity on the world’s factory floor, adding to growth concerns for China’s highly leveraged economy.

Chart below provided by ANZ, which distributes the EPFR data to clients.

EAE

 
OVERVIEW
  • In our view, the French government has shifted toward policies to reduce labor costs and corporate taxation in order to improve the economy’s competitiveness.
  • We think the French government will gradually decrease its budget deficit to less than 3% of GDP by 2017, thanks to expenditure savings, but that government debt levels as a share of GDP will likely remain high and continue to grow until 2017.
  • We are affirming our ‘AA/A-1+’ long-term and short-term sovereign credit ratings on France.
  • The stable outlook reflects our view that risks to France’s creditworthiness are balanced and that there is less than a one-in-three probability of raising or lowering the ratings over the next two years. >> Read More

 

TREND-0504

 

“Another part of the mechanism by which the possible price increases affect the judgments that are actually made about investing for the future have to do with the feelings of confidence and self-esteem that past successes in investing has given successful investors.”

Asian Paints

Sell if u can………………………..

Break below 529 with volumes   will take to 522 & there after ????

Triangle BREAK DOWN Indicates PANIC upto 508 level

More Stocks ,More Details ,Intraday levels to our Subscribers

Updated at 9:13/25th April/Baroda

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Technically Yours,
Team ASR,
Baroda, India.