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NF--0807

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Last Close : 8516 level.

YESTERDAY WRITTEN-

We had Boldly Written in Morning :Sell NF ………..

(Today Around 8580-8590………………Go short FRESH )……………Stop of 8617

It kissed High of  8561 & Crashed Intraday to kiss low of  8481 level.

-Intraday Our Message :Sell -NF & BNF……………and it crashed !

today..

Now SGX NIFTY is Down : 85 points at 8445 level.

NF--080

Above is Daily Chart of Nifty Future

Support @ 8475—-8464

Below 8464,Watch PANIC upto 8421 level & There after 8389—-8378 is possible !!

Major Support @ 8354 level 

Don’t jump & Buy ………is our Mantra !

101% More Details During trading hrs to our Subscribers

eyes

04th Trading Session-Will See UNEXPECTED level.

23rd Trading Session-Will see Unexpected level.

(Everyday Reduce One Day & See What Happens ? )

More Details to our Subscribers ,Updated at 8:29/08th July/Baroda

SHANGHAICOMPOSITEINDEX

This is 5th Week From Peak of 5178 level.

More DETAILS to our Subscribers ,Updated at 8:00/08th July/Baroda/India

NYSE-MT

Is this the way to Run A Company ???

Above is Weekly chart of MT

 

AA-DOWN

Above is Yearly chart of AA

Major Support at 10.03-9.39 levels.

 

More than 40 per cent of China’s equity market is frozen. The rest is in free fall.

Where traders can trade, equities are in a sharp downturns: the Shanghai Composite fell 8.2 per cent within 3 minutes, which would be the biggest sell-off since 2007. The tech-heavy Shenzhen Composite dropped 8.2 per cent and the CSI 300, a index of small caps of on both exchanges, fell 8 per cent.

Not a single blue-chip stock rose in the first minutes of trading.

Some 43 per cent of companies on China’s two exchanges have been suspended. Dubious though the strategy of having your shares frozen is, the alternative is a mass sell-off.

In Hong Kong, the Hang Seng fell 4.6 per cent, on track for the biggest sell-off since at least 2011.

Overnight in New York, Bloomberg’s China-US Equity Index fell another 3.4 per cent, following its biggest one-day slide since 2011.

The series of confidence-boosting measures rolled out by Beijing in the last week has already looked desperate. The latest headlines will do little to restore confidence.

According to Reuters, China’s insurance regulator said qualified insurers may now increase the ratio of equity assets to 40 per cent, from 30 per cent, in what looks to be another measure from Beijing to direct buying.

China’s securities regulator said financial futures will be “closely” monitored to “control risks.”

 

Here’s one way of halting a slide in a share price …

  • 450+ stocks suspended on the Shenzen exchange for trading today
  • 90+ suspended in Shanghai

-

And now I’ll suspend my sarcasm …

 

The Economist response the Tuesday’s Europe meeting on Greece:

  • Donald Tusk, the president of the European Council … declared that only five days remained to find common ground
  • Jean-Claude Juncker, president of the European Commission … thumped his lectern before declaring that the government of Alexis Tsipras had until 8.30am on Friday to produce a list of reforms it would commit to in exchange for a third bail-out programme.
  • Grexit now appears to be the default position of most euro-zone leaders
  • All 28 of the European Union’s heads of government… will meet on Sunday to discuss a humanitarian aid package that could be assembled from the EU budget, should Greece fall out of the euro and into what Mr Tusk called a “black scenario”
  • Mr Tsipras in an extremely tight spot, perhaps an impossible one
  • The possibility of Grexit … now feels imminent
  • Mr Juncker said last night that the commission had a fully realised plan for a Greek departure from the euro; an official later said it was about an inch thick
  • “This is one of the most critical issues in the history of the EU,” said Mr Tusk last night. He is not a man given to hyperbole.

>> Read More

 

Japan has just recorded its second-highest monthly current account surplus of the past five years.

The current account — a wide measure of trade including financial flows — produced a surplus of Y1.880tn ($15.3bn) in May. That marks the 11th straight surplus, reflecting income growth from overseas, including foreign investment, which is getting a boost from a weakened yen.

The surplus was only forecast to be Y1.570tn.

The driver was the primary income balance — receipts and payments on direct investment, portfolio investments and others. It rose to Y1.95tn, up from Y1.7tn a month before.

What the May figures do not show is a trade surplus in goods and services. Imports were slightly higher than exports, indicating multinationals still aren’t seeing a major boost in shipments but that companies are having to pay higher costs

In late May the yen traded as low as 124.5 per dollar, its weakest valuation since 2002. The exchange rate has since strengthened to 122.5.

In April the surplus was Y1.380tn. In March it was Y2.82tn, the biggest in seven years.

 

Another day came and went with no breakthrough in negotiations between Athens and Brussels as new Greek FinMin Euclid Tsakalotos reportedly showed up to Tuesday’s Eurogroup with nothing to discuss. 

With the ECB tightening the screws on Greek banks and the German finance ministry as well as German lawmakers tightening the screws on Angela Merkel, the Chancellor is drawing a hard line toward the Greeks in the face of calls for debt writedowns from the IMF, Greek PM Alexis Tsipras and the Greek people. 

  • MERKEL SAYS IF GREEK REFORM PROPOSALS ARE SATISFACTORY AND PRIOR  ACTIONS TAKEN, SHORT-TERM FINANCE CAN BE PROVIDED: RTRS
  • MERKEL SAYS SHORT-TERM GREEK FIX HINGES ON LONG-TERM PROPOSALS
  • MERKEL SAYS GREECE NEEDS MULTI-YEAR PROGRAM 
  • MERKEL: GREEK PROPOSALS HAVE TO GO BEYOND WHAT BAILOUT INSTITUTIONS DEMANDED BEFORE REFERENDUM
  • MERKEL SAYS GREECE WILL NEED STRONGER MEASURES TO PLUG FINANCING GAP BECAUSE OF ECONOMIC DETERIORATION
  • MERKEL: EU TO DEAL WITH GREEK DEBT BURDEN AT END OF PROCESS
  • MERKEL SAYS EURO LEADERS DIDN’T DISCUSS AID PACKAGE SIZE
  • MERKEL SAYS SHE ISN’T ‘ESPECIALLY OPTIMISTIC’ ABOUT GREECE
  • MERKEL RULES OUT DEBT ‘HAIRCUT’
  • MERKEL SAYS ECB BRIEFING SIGNALED GREECE NEEDS SUNDAY DECISION

>> Read More

 

Greece was given five days to reach a deal with its bailout creditors or face national bankruptcy and a collapse of its banking sector after European leaders called an emergency summit Sunday for all 28 EU leaders in Brussels.

In the strongest language used since the start of the six-month standoff between the far-left government in Athens and eurozone lenders, EU leaders said the No vote in the weekend referendum had severely constrained their ability to offer Greece aid and warned any new bailout deal would include much tougher terms than what could have been reached just two weeks ago.

“I am strongly against Grexit but I can’t prevent it unless the Greek government do what they need to do,” said Jean-Claude Juncker, the European Commission president. “We have a Grexit scenario prepared in detail; we have a scenario as far as humanitarian aid is concerned.”

The decision to invite all 28 countries to deal with the Greek crisis is unprecedented; since Greece first applied for a bailout five years ago, such euro-related summits have only been attended by heads of governments in the common currency.

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Technically Yours,
Team ASR,
Baroda, India.