USDINR-Kissed 60 level

20 June 2013 - 9:18 am
 

USDINR-60

 

USD-INR

 

YESTERDAY WRITTEN-

We had Written Boldly and above 58.83 level ,Our Targets were :

59.13———————-59.22 level.

(In Tons ,We know many of our Subscribers bought …given indication ready for blast at 3 pm )

5938

Three Consecutive close above 59.38 level +Weekly close will take to 60.50-60.87 level !!

Yes ,Very soon will see USD kissing 60.50 level !!

101% Will Update More to our Subscribers.

Updated at 8:50/20th June/Baroda/India

 

BANK NIFTY

 

Last Close :11862

Below 11829 level ,Will see PANIC upto 11769————-11749 level !!

Once Breaks and trades below 11749 with volumes will take to 11689—-11669 level.

REDALERT

Below 11974 level……………………We see PANIC upto 11516—–11363 level very soon !!

Don’t Jump & Buy ,101% on Rise Sell Sell Sell PSU Bank Stocks.

sellifrevives

Bank of Baroda ,BOI ,INDUSIND BANK ,HDFC ,HDFC BANK.

SBI LOGO

Below 2037 ,Last Support @ 2032…………..Now ONCE Breaks 2032 with volumes 

Will take to 2016–2011 level in panic.

Below 2011 …………………….Retest of 1990 level in hrs only.

ICICI BANK-SELL

Will it CRASH upto 1043———————–1028 level in next few hrs ?? 

Decisive break below 1071 level with volumes.Watch PANIC of life !

101% More Updates ,More Stocks to our Subscribers during trading hrs.

Updated at 8:37/20th June/Baroda/India

 

NF-ICON-ASRMoving on.

 
If you are still making the same mistakes and not making progress read the above paragraph. If not, chances are you are starting to make progress.  You are seeing things better, making better decisions.  You are starting to take more from them than they are taking from you.  This is when trading starts to get fun again.  But it comes with great responsibility.  You now know what is possible.  You have a choice.  You can go back to the beginning or start building on your success.   Now there are no excuses.  You can either do it or not.
  • Don’t let up
  • Accept the responsibility to yourself
  • Don’t let yourself fall into the traps from earlier in your career
Keep doing it.
 

The difference between a professional and retail trader is the duration and frequency they spend in the stages or if they ever get to next stage.  Every day I have the ability to trade like it is my first day.  I have proven that many times before.  So I come in at stage one everyday and work my way through them.  Each day spending  only as much time is needed. But always starting at the first.

Thursday-1stLast Close :5822

Now SGX NIFTY @ 5753 ( DOWN 62 POINTS )

So U should Look at Chart or Fundamentals or Economy or USD or Ben Bernanke ?Indian Market needs only Fii’s Flow to Move up (Nothing else )..But that too failed this time.In Last 6 months (Tons of Money Invested by Fii’s and YTD NF is down by 2% ) and USD is up by 8% YTD against INR  !

Just Think :If they Start selling  in Cash Segment-But they will not get Buyers in India …So they are Selling in FO Segment.(Just see Dirty volumes in FO Segment )

Now -What to expect

5779———————-5768 are Support levels.Break with volumes and stays below for 15-20 minutes 

Will take to 5735—-5724 level in PANIC. Now Suppose Breaks 5724 level too ,Will kiss 5692-5680 level.

5818 ,5825 are Hurdles for NF (Yes ,3 & 7DEMA )

Million Dollar

Slide upto 5669————————–5622 ????

Three Consecutive close above 5829+Weekly close will take to 5912-5939 (if not breaks low of 5692 )

101% More Details to our Subscribers.

Updated at 7:57/20th June/Baroda/India

 

 

 
  • prior was 49.2

AUD hit lower

Lowest reading for this indicator for 9 mnths

The outlook is worsening. recently downgraded GDP forecasts from just about everyone may well have to be downgraded again.

 

 The power ministry has come out strongly against attempts by the petroleum ministry to raise gas prices from $4.2 per mBtu (million British thermal unit) to $6.77 per mBtu.

In a note sent to the Prime Minister’s Office as well as the finance, petroleum and fertiliser ministries, the power ministry has said, “The gas price for the sector should be competitive to competing fuel such as coal and should be affordable. Base price of domestic gas beyond $5 per mBtu may be unviable for power generation.”

The ministry feels it would make commercial sense to price gas sold to various buyers “commensurate with their price appetite”. >> Read More

Big bond bash for foreigners

20 June 2013 - 6:50 am
 

India hopes to kindle foreign investors’ interest in domestic debt with a bond offering worth Rs 42,000 crore tomorrow, marking the biggest-ever sale of government securities this year.

The big bond auction will be conducted by the Securities and Exchange Board of India (Sebi). It will be the first auction of debt securities since the government raised the investment limits for foreign investors in government debt by $5 billion to $30 billion earlier this month.

The step was taken in a bid to increase foreign fund inflows into the country. It may be recalled that the rupee has been under pressure over the past month because of a mix of global and local factors. >> Read More

 

India’s economy may be in slow gear but its high-networth individuals (HNIs) are on a fast track, courtesy a buoyant stock market.

Consider this: India clocked 22.2 per cent growth in its population of HNIs, or those with $1 million or more in investable assets, in the 2012 calendar year. The rate was the second-highest, next only toHong Kong, which saw 35.7 per cent growth. BSE’s Sensex gained 24 per cent last year, aided by reform steps and some monetary easing.

Both Hong Kong and India have ably overcome their poor performance of 2011, when their HNI population had contracted 17.4 per cent and 18 per cent, respectively, says the World Wealth Report 2013, released by Capgemini and RBC Wealth Management on Wednesday. >> Read More

 

If demography is destiny, it may be clear within five years that ageing Germany is going the way of Japan. Within 20 years it may equally be clear France and Britain are regaining their 19th century role as the two dominant powers of Europe, albeit a diminished prize.

The European Commission’s 2012 Ageing Report says Germany’s population will shrink from 82m to 66m over the next half century due to social structures that cause low fertility, while France jumps to 74m and Britain to 79m. This is out of date already since the German census revealed in May that the country has 1.5m fewer inhabitants than thought. They miscounted foreigners going home. The total is down to 80.2m.

The old age dependency ratio will jump from 31pc in 2010, to 36pc in 2020, with the workforce shrinking by 200,000 a year this decade. The ratio will climb to 41pc in 2025, 48pc in 2030, and 57pc in 2045. The UK and France will see a much gentler rise. >> Read More

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Technically Yours,
Team ASR,
Baroda, India.